Civic Intelligence

Medtech Association Inc

990 • Fiscal year 2018 • EIN 20-1405018

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

235 Harrison Street Suite 209Syracuse, NY 13202

(315) 423-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.29x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • NTEE H • <$500k nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

0.09x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • NTEE H • <$500k nonprofits • Source year 2018

Net Margin

34th percentile

-5.5%

Higher net margin than 34% of similar nonprofits.

2018 filings • NTEE H • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE H • <$500k nonprofits • Source year 2018

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2018 filings • NTEE H • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-25%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • NTEE H • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$122,692

Down $53,562 (-30%) from 2017

Net Assets

Down

$86,964

Down $21,876 (-20%) from 2017

Liabilities

Down

$35,728

Down $31,686 (-47%) from 2017

Revenue

Down

$399,485

Down $132,539 (-25%) from 2017

Expenses

Down

$421,364

Down $88,794 (-17%) from 2017

Net Income

Down

-$21,879

Down $43,745 (-200%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2011: $150,594Liabilities 2011: $69,064Net Assets 2011: $81,5302011Assets 2012: $106,942Liabilities 2012: $55,065Net Assets 2012: $51,8772012Assets 2013: $349,288Liabilities 2013: $291,684Net Assets 2013: $57,6042013Assets 2014: $513,394Liabilities 2014: $437,312Net Assets 2014: $76,0822014Assets 2015: $209,721Liabilities 2015: $147,342Net Assets 2015: $62,3792015Assets 2016: $153,696Liabilities 2016: $66,719Net Assets 2016: $86,9772016Assets 2017: $176,254Liabilities 2017: $67,414Net Assets 2017: $108,8402017Assets 2018: $122,692Liabilities 2018: $35,728Net Assets 2018: $86,9642018Assets 2019: $264,307Liabilities 2019: $260,071Net Assets 2019: $4,2362019Assets 2020: $226,707Liabilities 2020: $279,722Net Assets 2020: -$53,0152020Assets 2021: $251,316Liabilities 2021: $263,798Net Assets 2021: -$12,4822021Assets 2022: $281,528Liabilities 2022: $223,654Net Assets 2022: $57,8742022Assets 2023: $470,528Liabilities 2023: $240,822Net Assets 2023: $229,7062023Assets 2024: $359,315Liabilities 2024: $203,766Net Assets 2024: $155,5492024Assets 2025: $357,487Liabilities 2025: $204,477Net Assets 2025: $153,0102025

Highlighted filing

2018

Assets$122,692
Liabilities$35,728
Net Assets$86,964

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $461,7632011Expenses 2012: $494,3632012Expenses 2013: $363,5072013Revenue 2014: $575,396Expenses 2014: $556,918Net Income 2014: $18,4782014Revenue 2015: $538,959Expenses 2015: $552,662Net Income 2015: -$13,7032015Revenue 2016: $549,773Expenses 2016: $525,175Net Income 2016: $24,5982016Revenue 2017: $532,024Expenses 2017: $510,158Net Income 2017: $21,8662017Revenue 2018: $399,485Expenses 2018: $421,364Net Income 2018: -$21,8792018Revenue 2019: $361,949Expenses 2019: $458,560Net Income 2019: -$96,6112019Revenue 2020: $336,922Expenses 2020: $394,173Net Income 2020: -$57,2512020Revenue 2021: $356,371Expenses 2021: $315,615Net Income 2021: $40,7562021Revenue 2022: $418,855Expenses 2022: $348,499Net Income 2022: $70,3562022Revenue 2023: $491,083Expenses 2023: $319,251Net Income 2023: $171,8322023Revenue 2024: $314,052Expenses 2024: $388,209Net Income 2024: -$74,1572024Revenue 2025: $338,227Expenses 2025: $340,766Net Income 2025: -$2,5392025

Highlighted filing

2018

Revenue$399,485
Expenses$421,364
Net Income-$21,879
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$399,485
Mission and Program Overview

Mission

To develop collaborative bilateral and multilateral relationships within the new york business community to further growth of medical technology companies, as well as developers of enabling technologies and services, through an organized networking and information sharing structure

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,006$121,822▼ $45,184
Accounts Receivable$8,378$0▼ $8,378
Prepaid Expenses and Deferred Charges$870$870→ $0
Total Assets$176,254$122,692▼ $53,562
Liabilities
Accounts Payable and Accrued Expenses$26,344$34,453▲ $8,109
Deferred Revenue$41,070$1,275▼ $39,795
Total Liabilities$67,414$35,728▼ $31,686
Net Assets / Fund Balance
Unrestricted Net Assets$108,840$86,964▼ $21,876
Total Net Assets Fund Balance$108,840$86,964▼ $21,876
Total Liabilities and Net Assets / Fund Balance$176,254$122,692▼ $53,562
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott GucciardiChairman
Jessica CrawfordPresident (to May 2017)
Amy CastronovaDirector
Angela JulienDirector
Bill RaderDirector
Brian McilroyDirector
Chad WertsDirector
Dan CarlsonDirector
Gerry MurakDirector
Greg Gdowski PhdDirector
James Grabowski Phd MbaDirector
Jeff ChampagneDirector
Jim LeggettDirector
Kevin WebbDirector
M Jack RudnickDirector
Max KunzDirector
Sarah OlikerDirector
Paul BuckleySecretary
Jeffrey TrubiaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$398,678
Investment Income
$35
Other Revenue
$772
Change in Net Assets
$-21,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$228,203
Other Expenses$193,161
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$206,683
Conferences and Meetings---$67,376
Fees for Services Lobbying---$24,220
Fees for Services Other---$22,688
Payroll Taxes---$16,738
Advertising---$15,339
Travel---$11,561
Occupancy---$10,440
Insurance---$4,530
All Other Expenses---$4,334
Other Employee Benefits---$3,264
Other Expenses---$3,059
Office Expenses---$2,529
Pension Plan Contributions---$1,518
Total Functional Expenses$0$0$0$421,364
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$94,934
Current Year Nondeductible Lobbying and Political Cost$24,220
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is presented to the board before filing

Form 990, Part VI, Section B, Line 12C

The organization requires directors to annually disclose in writing any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

The board of directors annually reviews the performance of the executive director and approves compensation. Bonus compensation is based on weighted criteria (year-end results) that maxes out at 20%.

Form 990, Part VI, Section C, Line 19

All documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Medtech Association Inc
EIN
20-1405018
Phone
3154237200
Address
235 HARRISON STREET SUITE 209, SYRACUSE, NY 13202

Signing Officer

Name
Jeffrey Trubia
Title
Treasurer
Phone
3154237200
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Trubia
Formed
2004
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
280 KENNETH DRIVE, ROCHESTER, NY 14623
Preparer
Kevin Hill CPA
Phone
5854278900
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal income tax under section 501(c)(6) of the internal revenue code (the irc) and has been determined not to be a private foundation under section 509(a) of the irc. The association has reviewed its operations for uncertain tax positions and believes there are no significant exposures. The association is no longer subject to federal or state examinations by tax authorities for years before fiscal 2013. The association will include interest on income tax liabilities in interest expense and penalties in operations if such amounts arise.

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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1HARDWARE & EQUIPMENT
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/TotalAmt015777
IRS990/OtherExpensesGrp/TotalAmt16987
IRS990/OtherExpensesGrp/TotalAmt24321
IRS990/OtherExpensesGrp/TotalAmt33059
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0772
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0772
IRS990/OtherRevenueTotalAmt0772
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206683
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt016738
IRS990/PensionPlanContributionsGrp/TotalAmt01518
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0870
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0870
IRS990/PrincipalOfficerNm0JEFFREY TRUBIA
IRS990/PriorPeriodAdjustmentsAmt03
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813920
IRS990/ProgramServiceRevenueGrp/BusinessCd1813920
IRS990/ProgramServiceRevenueGrp/Desc0SEMINARS/MEETINGS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230413
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1168265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1168265
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0230467
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0532024
IRS990/PYRevenuesLessExpensesAmt021866
IRS990/PYSalariesCompEmpBnftPaidAmt0279691
IRS990/PYTotalExpensesAmt0510158
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0532024
IRS990/ReconcilationRevenueExpnssAmt0-21879
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0399450
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/CarriedOverAmt094934
IRS990ScheduleC/DuesAssessmentsAmt0247149
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt070714
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt024220
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt094934
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE IRC) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. THE ASSOCIATION HAS REVIEWED ITS OPERATIONS FOR UNCERTAIN TAX POSITIONS AND BELIEVES THERE ARE NO SIGNIFICANT EXPOSURES. THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL 2013. THE ASSOCIATION WILL INCLUDE INTEREST ON INCOME TAX LIABILITIES IN INTEREST EXPENSE AND PENALTIES IN OPERATIONS IF SUCH AMOUNTS ARISE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES DIRECTORS TO ANNUALLY DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND APPROVES COMPENSATION. BONUS COMPENSATION IS BASED ON WEIGHTED CRITERIA (YEAR-END RESULTS) THAT MAXES OUT AT 20%.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0122692
IRS990/TotalAssetsGrp/BOYAmt0176254
IRS990/TotalAssetsGrp/EOYAmt0122692
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0421364
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067414
IRS990/TotalLiabilitiesEOYAmt035728
IRS990/TotalLiabilitiesGrp/BOYAmt067414
IRS990/TotalLiabilitiesGrp/EOYAmt035728
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0108840
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086964
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0365807
IRS990/TotalProgramServiceRevenueAmt0398678
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt035
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0399450
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0399485
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176254
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0122692
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt011561
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0108840
IRS990/UnrestrictedNetAssetsGrp/EOYAmt086964
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0235 HARRISON STREET SUITE 209
IRS990/USAddress/CityNm0SYRACUSE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013202
IRS990/VotingMembersGoverningBodyCnt028
IRS990/VotingMembersIndependentCnt028
IRS990/WebsiteAddressTxt0WWW.MEDTECH.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY TRUBIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03154237200
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEDTECH ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MEDT
ReturnHeader/Filer/EIN0201405018
ReturnHeader/Filer/PhoneNum03154237200
ReturnHeader/Filer/USAddress/AddressLine1Txt0235 HARRISON STREET SUITE 209
ReturnHeader/Filer/USAddress/CityNm0SYRACUSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C75B28FFA3308768DAB6F0DF609403FC97F54CCE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId030904A8B0CD9AD3161835225659E1E8A9F99DB79
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:38:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474526160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EFPR GROUP CPAS PLLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.57$2.04$1.53$3.38$3.41$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.59$2.04$1.56$3.14$3.88$0.74
2023Detailed filing. Detailed filing data is available for this year.$4.71$2.41$2.30$4.91$3.19$1.72
2022Detailed filing. Detailed filing data is available for this year.$2.82$2.24$0.58$4.19$3.48$0.70
2021Detailed filing. Detailed filing data is available for this year.$2.51$2.64$0.12$3.56$3.16$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.27$2.80$0.53$3.37$3.94$0.57
2019Detailed filing. Detailed filing data is available for this year.$2.64$2.60$0.04$3.62$4.59$0.97
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.36$0.87$3.99$4.21$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.67$1.09$5.32$5.10$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.67$0.87$5.50$5.25$0.25
2015Summary only. Only limited summary data is available for this year.$2.10$1.47$0.62$5.39$5.53$0.14
2014Detailed filing. Detailed filing data is available for this year.$5.13$4.37$0.76$5.75$5.57$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$2.92$0.58$3.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.55$0.52$4.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.69$0.82$4.62