AMERICAN ASSOCIATION OF BIOANALYSTS

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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

1956

Legal Domicile

Principal Officer

Dr Mark S Birenbaum PHD

Phone

3142411445

Tax Period

2024-01-01 to 2024-12-31

AMERICAN ASSOCIATION OF BIOANALYSTS, founded in 1956, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $6.2M left a modest 3% surplus.

Mission

THE ORGANIZATION IS COMMITTED TO THE PURSUIT OF EXCELLENCE IN CLINICAL LABORATORY SERVICES BY ENHANCING THE PROFESSIONAL SKILLS OF EACH OF ITS MEMBERS; PROMOTING MORE EFFICIENT AND PRODUCTIVE OPERATIONS; OFFERING EXTERNAL QUALITY CONTROL PROGRAMS; COLLABORATING WITH OTHER PROFESSIONAL ASSOCIATIONS AND GOVERNMENTAL AGENCIES; PROMOTING SAFE LABORATORY PRACTICES; AND EDUCATING LEGISLATORS, REGULATORS, AND THE GENERAL PUBLIC ABOUT CLINICAL LABORATORY TESTS AND PROCEDURES AND PROVIDES CLIA APPROVED EXTERNAL QUALITY CONTROL PROFICIENCY PROGRAM.

Program Service Accomplishments

Program 1

PRODUCTION AND DISSEMINATION OF EDUCATIONAL MATERIALS, MAINTENANCE OF PROFESSIONAL COMPENTENCY OF MEMBERS, AND PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION AND KNOWLEDGE AND PROVIDES CLIA...

PRODUCTION AND DISSEMINATION OF EDUCATIONAL MATERIALS, MAINTENANCE OF PROFESSIONAL COMPENTENCY OF MEMBERS, AND PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION AND KNOWLEDGE AND PROVIDES CLIA APPROVED EXTERNAL QUALITY CONTROL PROFICIENCY PROGRAM.

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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 $22,671

Program Service Revenue $6,192,465

Investment Income $118,915

Other Revenue $117,192

TOTAL REVENUE $6,451,243

Expense Breakdown

Grants Paid $16,222

Salaries & Benefits $289,535

Fundraising Expenses $0

Other Expenses $5,923,757

TOTAL EXPENSES $6,229,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,451,243	$6,657,029	0.0%
Expenses	$6,229,514	$6,272,209	0.0%
Net Income	$221,729	$384,820	-0.4%

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

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

$3,000

Total Directors

$289,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Warren Eric Vanderslice PhD	PTS CHAIR	40.00	Director	$278,189	$8,346	$286,535
CHRISTINE M MYERS	SR OPER - PTS	40.00		$157,792	$14,615	$172,407
OSCAR E REGALADO	IS/IT MGR - PTS	40.00		$128,599	$12,995	$141,594
MICHEL L WATTS	DATA PROD - PTS	40.00		$126,180	$13,585	$139,765
KEN R SCHILL	SALES DIR - PTS	40.00		$126,592	$3,798	$130,390
JOSEPH A DUENAS	TECH DIR - PTS	40.00		$105,647	$3,055	$108,702
John J Weiss PhD	President	1.00	Officer Director	$3,000	$0	$3,000
Joseph Conaghan PhD HCLDE	SEC/TREAS	1.00	Officer Director	$0	$0	$0
Annette Iacono	FIRST VP	1.00	Officer Director	$0	$0	$0
Zahra Kashi PhD HCLDCC	THIRD VP	1.00	Officer Director	$0	$0	$0
Daniel Dasig MSc TS	MANAGER REP	1.00	Director	$0	$0	$0
Kristen Scragg	REG ADM SECR	1.00	Director	$0	$0	$0
Marlane Angle PhD HCLDCC	REG ADM SECR	1.00	Director	$0	$0	$0
Dolores J Lamb PhD HCLD	REG ADM SECR	1.00	Director	$0	$0	$0
Samuel Leggett III MT	AMS LIAISON REP	1.00	Director	$0	$0	$0
Melanie Clemmer PhD HCLD	CRB PRESIDENT	1.00	Director	$0	$0	$0
Charles Edward Gilbert PhD	CHAIR - EBPH	1.00	Director	$0	$0	$0
Robert Bowen MD	SECOND VP	1.00	Officer Director	$0	$0	$0
Estrella Rosemberg MSc ELD	REG ADM SECR	1.00	Director	$0	$0	$0
MARK BIRENBAUM PHD	ASSOC MANAGER	35.00	Officer	$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	$6,451,243	$6,229,514	$8,195,880	$221,729
2023	$6,657,029	$6,272,209	$7,541,734	$384,820
2023	$6,657,029	$6,179,734	$7,539,944	$477,295
2022	$7,098,097	$6,399,880	$7,449,168	$698,217
2021	$4,922,226	$4,789,386	$6,971,151	$132,840
2020	$4,440,708	$4,488,852	$3,908,247	$-48,144
2019	$4,882,632	$4,792,047	$2,152,958	$90,585
2018	$4,775,036	$4,792,555	$1,854,954	$-17,519