Society For Biomaterials

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

Ashley Carson Brown

Phone

8564390826

Tax Period

2024-01-01 to 2024-12-31

Society For Biomaterials, founded in 1974, is a small nonprofit in the Diseases & Disorders sector that reported $551K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $616K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE ADVANCES IN ALL PHASES OF MATERIALS RESEARCH AND DEVELOPMENT BY ENCOURAGEMENT OF COOPERATIVE EDUCATIONAL PROGRAMS, CLINICAL APPLICATIONS, AND PROFESSIONAL STANDARDS IN THE BIOMATERIALS FIELD.

Program Service Accomplishments

Program 1

Expenses: $237,564 Revenue: $171,887

MEETINGS AND CONFERENCES: HELD TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR MEMBERS FROM ACADEMIA, INDUSTRY AND GOVERNMENT TO NETWORK AND EXCHANGE SCIENTIFIC AND REGULATORY INFORMATION RELATED TO THE...

MEETINGS AND CONFERENCES: HELD TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR MEMBERS FROM ACADEMIA, INDUSTRY AND GOVERNMENT TO NETWORK AND EXCHANGE SCIENTIFIC AND REGULATORY INFORMATION RELATED TO THE GROWING FIELD OF BIOMATERIALS.

Program 2

Expenses: $62,667 Revenue: $227,128

PUBLICATIONS: JOURNALS, QUARTERLY MAGAZINE AND OTHER PUBLICATIONS INFORM MEMBERS ABOUT NEW DEVELOPMENTS AND RESEARCH IN THE FIELD OF BIOMATERIALS, EDUCATE THEM ABOUT BIOMATERIALS TOPICS IN THEIR OWN AND RELATED SPECIALTIES, AND UPDATE THEM ON THE ACTIVITIES AND EVENTS OF THE ORGANIZATION.

Program 3

Expenses: $9,213 Revenue: $14,802

SPECIAL INTEREST GROUPS: PROVIDE A FOCUSED ENVIRONMENT IN WHICH TO NETWORK AND SHARE NEW IDEAS, RESEARCH AND DEVELOPMENTS ABOUT A TARGETED SPECIALTY WITHIN THE BIOMATERIALS FIELD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,635

Program Service Revenue $413,817

Investment Income $90,401

Other Revenue $0

TOTAL REVENUE $550,853

Expense Breakdown

Grants Paid $22,514

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,444

Other Expenses $593,778

TOTAL EXPENSES $616,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,853	$1,199,548	-0.5%
Expenses	$616,292	$1,119,260	-0.4%
Net Income	$-65,439	$80,288	-1.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH E STABENFELDT	PRESIDENT (EFF 5/2024)	1.0	Officer Director	$0	$0	$0
JOYCE Y WONG PHD	PRESIDENT - ELECT (EFF 5/2024)	1.0	Officer Director	$0	$0	$0
WILLIAM WANGER PHD	1st Past PRESIDENT(Eff 5/2024)	1.0	Officer Director	$0	$0	$0
ELIZABETH COSGRIFF-HERNANDEZ	2ND Past PRESIDENT(Eff 5/2024)	1.0	Officer Director	$0	$0	$0
DANIELLE SW BENOIT PHD	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
ASHLEY CARSON BROWN PHD	SECRETARY/TREASURER - ELECT	1.0	Officer Director	$0	$0	$0
NGAN HUANG PHD	SIG REPRESENTATIVE	1.0	Officer Director	$0	$0	$0
KYLE LAMPE PHD	MEMBER-AT-LARGE (Eff 5/2024)	1.0	Officer Director	$0	$0	$0
GUIGEN ZHANG	2ND PAST PRESIDENT(THRU 5/2024	1.0	Officer Director	$0	$0	$0
NATALIE ARTZI	MEMBER-AT-LARGE (THRU 5/2024)	1.0	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$550,853	$616,292	$1,038,421	$-65,439
2023	$1,199,548	$1,119,260	$1,061,659	$80,288
2022	$1,155,837	$1,320,140	$981,757	$-164,303
2021	$738,642	$762,090	$1,284,759	$-23,448
2020	$475,242	$550,117	$1,212,586	$-74,875
2019	$1,333,092	$1,204,379	$1,204,503	$128,713
2018	$1,244,301	$1,133,926	$1,091,664	$110,375