Civic Intelligence

Medtech Association Inc

990 • Fiscal year 2019 • EIN 20-1405018

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 03, 2020

224 Harrison Street Suite 210Syracuse, NY 13202

(315) 423-7300

Siviq Scores

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

Liabilities / Assets

96th percentile

0.98x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • NTEE H • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

0.72x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • NTEE H • <$500k nonprofits • Source year 2019

Net Margin

20th percentile

-27%

Higher net margin than 20% of similar nonprofits.

2019 filings • NTEE H • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$154,285

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 42.6% of source-year revenue.

2019 filings • NTEE H • <$500k nonprofits • Source year 2019

Asset Growth

88th percentile

115%

Faster asset growth than 88% of similar nonprofits.

2019 filings • NTEE H • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-9.4%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • NTEE H • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$264,307

Up $141,615 (+115%) from 2018

Net Assets

Down

$4,236

Down $82,728 (-95%) from 2018

Liabilities

Up

$260,071

Up $224,343 (+628%) from 2018

Revenue

Down

$361,949

Down $37,536 (-9.4%) from 2018

Expenses

Up

$458,560

Up $37,196 (+8.8%) from 2018

Net Income

Down

-$96,611

Down $74,732 (-342%) from 2018

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

2019

Assets$264,307
Liabilities$260,071
Net Assets$4,236

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

2019

Revenue$361,949
Expenses$458,560
Net Income-$96,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 3, 2020
Return Version
2018v3.1
Gross Receipts
$361,949
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
Accounts Receivable-$162,556-
Cash and Non-Interest-Bearing Accounts$121,822$87,290▼ $34,532
Savings and Temporary Cash Investments-$13,501-
Prepaid Expenses and Deferred Charges$870$960▲ $90
Total Assets$122,692$264,307▲ $141,615
Liabilities
Other Liabilities$0$229,768▲ $229,768
Deferred Revenue$1,275$18,000▲ $16,725
Accounts Payable and Accrued Expenses$34,453$12,303▼ $22,150
Total Liabilities$35,728$260,071▲ $224,343
Net Assets / Fund Balance
Unrestricted Net Assets$86,964$4,236▼ $82,728
Total Net Assets Fund Balance$86,964$4,236▼ $82,728
Total Liabilities and Net Assets / Fund Balance$122,692$264,307▲ $141,615
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Winthrop ThurlowExecutive DirectorFT$150,974$3,311$154,285

Board Members and Trustees

NameTitle
Sarah OlikerChairman
Jeff ChampagneVice Chair
Amy CastronovaDirector
Ben BurtonDirector
Bill RaderDirector
Brian TogliaDirector
Gerry MurakDirector
Greg GdowskiDirector
Irfan Khan MdDirector
James Grabowski Phd MbaDirector
Jennifer BarrettDirector
Joe ChiapperiDirector
Kevin WebbDirector
Lou WalcerDirector
M Jack RudnickDirector
Theresa MazzulloDirector
Kathi DurdonSecretary
Jim LeggettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$355,407
Investment Income
$28
Other Revenue
$1,514
All Other Contributions
$5,000
Change in Net Assets
$-96,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$286,784
Other Expenses$171,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$154,285
Other Salaries and Wages---$108,289
Conferences and Meetings---$68,147
Fees for Services Lobbying---$24,334
Payroll Taxes---$20,228
Insurance---$15,908
Travel---$13,549
Fees for Services Other---$11,369
Occupancy---$10,440
Information Technology---$7,293
Pension Plan Contributions---$3,982
Office Expenses---$2,079
Other Expenses---$1,762
All Other Expenses---$1,341
Advertising---$1,322
Total Functional Expenses$0$0$0$458,560
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$119,268
Current Year Nondeductible Lobbying and Political Cost$24,334
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Membership Revenue$229,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
3154237300
Address
224 HARRISON STREET SUITE 210, SYRACUSE, NY 13202

Signing Officer

Name
Jim Leggett
Title
Treasurer
Phone
3154237300
Signed
2020-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Leggett
Formed
2004
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
8
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
100 SOUTH CLINTON AVE SUITE 1500, ROCHESTER, NY 14604-1801
Preparer
Kevin Hill CPA
Phone
5854278900
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/TotalAmt06690
IRS990/OtherExpensesGrp/TotalAmt14701
IRS990/OtherExpensesGrp/TotalAmt22841
IRS990/OtherExpensesGrp/TotalAmt31762
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0229768
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01514
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01514
IRS990/OtherRevenueTotalAmt01514
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108289
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt020228
IRS990/PensionPlanContributionsGrp/TotalAmt03982
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0870
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0960
IRS990/PrincipalOfficerNm0JIM LEGGETT
IRS990/PriorPeriodAdjustmentsAmt013883
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813920
IRS990/ProgramServiceRevenueGrp/BusinessCd1813920
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1SEMINARS/MEETINGS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200772
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1154635
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200772
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1154635
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0193161
IRS990/PYOtherRevenueAmt0772
IRS990/PYProgramServiceRevenueAmt0398678
IRS990/PYRevenuesLessExpensesAmt0-21879
IRS990/PYSalariesCompEmpBnftPaidAmt0228203
IRS990/PYTotalExpensesAmt0421364
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0399485
IRS990/ReconcilationRevenueExpnssAmt0-96611
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0355407
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013501
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/CarriedOverAmt0119268
IRS990ScheduleC/DuesAssessmentsAmt0200772
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt094934
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt024334
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0119268
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0229768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED MEMBERSHIP REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0229768
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150974
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt03311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WINTHROP THURLOW
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0122692
IRS990/TotalAssetsEOYAmt0264307
IRS990/TotalAssetsGrp/BOYAmt0122692
IRS990/TotalAssetsGrp/EOYAmt0264307
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458560
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035728
IRS990/TotalLiabilitiesEOYAmt0260071
IRS990/TotalLiabilitiesGrp/BOYAmt035728
IRS990/TotalLiabilitiesGrp/EOYAmt0260071
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04236
IRS990/TotalOtherCompensationAmt03311
IRS990/TotalProgramServiceExpensesAmt0361019
IRS990/TotalProgramServiceRevenueAmt0355407
IRS990/TotalReportableCompFromOrgAmt0150974
IRS990/TotalRevenueGrp/ExclusionAmt01542
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0355407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361949
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0264307
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • <$500k nonprofits