Digital Medicine Society Inc

EIN: 834205470 501(c)(3) Medical Research

Boston, MA

Total Revenue
$5,644,076
Total Expenses
$9,228,273
Total Assets
$4,921,065
Net Assets
$4,819,766
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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
2019
Legal Domicile
MA
Principal Officer
Jennifer Goldsack
Phone
7652343463
Tax Period
2024-01-01 to 2024-12-31

Digital Medicine Society Inc, founded in 2019, is a community nonprofit in the Medical Research sector that reported $5.6M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $9.2M exceeded revenue, resulting in a 64% operating deficit.

Mission

The Digital Medicine Society (DiMe) is a global non-profit and the professional home for digital medicine. Together, we drive broad adoption of digital approaches to advance the practice of medicine to enhance public health. Our mission is to advance the safe, effective, and equitable use of digital approaches to redefine healthcare and improve lives.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,491,085
Program Service Revenue $69,750
Investment Income $70,341
Other Revenue $12,900
TOTAL REVENUE $5,644,076

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,217,849
Fundraising Expenses $301,083
Program Expenses $8,062,221
Other Expenses $3,010,424
TOTAL EXPENSES $9,228,273

Year-over-Year Comparison

2024 2023 Change
Revenue $5,644,076 $8,319,959 -0.3%
Expenses $9,228,273 $5,569,779 +0.7%
Net Income $-3,584,197 $2,750,180 -2.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
4
Employees
50
Volunteers
5

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
3
$515,730
Total Directors
3
$8,000
Key Employees
3
$576,632
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Goldsack President & CEO 40
Officer
$469,485 $23,000 $503,000
Laura Shannon Chief Communications & Marketing Officer 40
Key Emp
$186,839 $20,083 $215,696
Doug Mirsky Vice President, DiMe Seal 35
Highest
$164,175 $9,930 $208,530
Meghan Griffy Chief Operating Officer and Chief of Staff 40
Key Emp
$180,453 $0 $189,448
Benjamin Vandendriessche Chief Delivery Officer 40
Key Emp
$161,058 $4,238 $171,488
Ryan Betters Vice President, Delivery 40
Highest
$162,710 $8,265 $170,975
Smit Patel Partnerships Director 40
Highest
$160,411 $9,781 $170,226
Colby Holliday Program Director 35
Highest
$148,662 $0 $169,912
Gabrielle Goldblatt Partnerships Lead 40
Highest
$136,871 $23,000 $159,871
Daniel Karlin Chairman/Director 2
Officer Director
$8,000 $0 $8,000
Caryn Davies Clerk/Officer 2
Officer
$3,400 $0 $4,730
Margaret Malone Director 2
Director
$0 $0 $0
Mona Siddiqui Director 2
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
2024 $5,644,076 $9,228,273 $4,921,065 $-3,584,197
2023 $8,319,959 $5,569,779 $8,436,750 $2,750,180
2022 $6,811,789 $3,527,177 $5,712,348 $3,284,612
2021 $3,374,049 $1,335,242 $2,392,915 $2,038,807
2020 $525,561 $253,172 $337,882 $272,389
2020 $525,561 $253,172 $337,882 $272,389
2019 $177,492 $119,569 $71,326 $57,923
2019 $177,492 $119,569 $71,326 $57,923
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