Civic Intelligence

Medtech Association Inc

990 • Fiscal year 2020 • EIN 20-1405018

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

224 Harrison Street Suite 210Syracuse, NY 13202

(315) 423-7200

Siviq Scores

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

Liabilities / Assets

96th percentile

1.23x

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

2020 filings • NTEE H • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.83x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • NTEE H • <$500k nonprofits • Source year 2020

Net Margin

31st percentile

-17%

Higher net margin than 31% of similar nonprofits.

2020 filings • NTEE H • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$140,561

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 41.7% of source-year revenue.

2020 filings • NTEE H • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2020 filings • NTEE H • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-6.9%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • NTEE H • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$226,707

Down $37,600 (-14%) from 2019

Net Assets

Down

-$53,015

Down $57,251 (-1352%) from 2019

Liabilities

Up

$279,722

Up $19,651 (+7.6%) from 2019

Revenue

Down

$336,922

Down $25,027 (-6.9%) from 2019

Expenses

Down

$394,173

Down $64,387 (-14%) from 2019

Net Income

Up

-$57,251

Up $39,360 (+41%) from 2019

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

2020

Assets$226,707
Liabilities$279,722
Net Assets-$53,015

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

2020

Revenue$336,922
Expenses$394,173
Net Income-$57,251
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$336,922
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$87,290$139,553▲ $52,263
Accounts Receivable$162,556$73,650▼ $88,906
Savings and Temporary Cash Investments$13,501$13,504▲ $3
Prepaid Expenses and Deferred Charges$960$0▼ $960
Total Assets$264,307$226,707▼ $37,600
Liabilities
Other Liabilities$229,768$276,218▲ $46,450
Deferred Revenue$18,000--
Accounts Payable and Accrued Expenses$12,303$3,504▼ $8,799
Total Liabilities$260,071$279,722▲ $19,651
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,236$-53,015▼ $57,251
Total Net Assets Fund Balance$4,236$-53,015▼ $57,251
Total Liabilities and Net Assets / Fund Balance$264,307$226,707▼ $37,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Winthrop ThurlowExecutive DirectorFT$140,561$140,561

Board Members and Trustees

NameTitle
Sarah OlikerChairman
Jeff ChampagneVice Chair
Ben BurtonDirector
Bill RaderDirector
David DinolfoDirector
David RiderDirector
Gerry MurakDirector
Greg GdowskiDirector
Irfan Khan MdDirector
James Grabowski Phd MbaDirector
Jennifer BarrettDirector
Joe ChiapperiDirector
John SimminsDirector
Kevin WebbDirector
Lou WalcerDirector
M Jack RudnickDirector
Saleem CheeksDirector
Theresa GublerDirector
Theresa MazzulloDirector
Kathi DurdonSecretary
Jim LeggettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$336,713
Investment Income
$2
Other Revenue
$207
Change in Net Assets
$-57,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$273,382
Other Expenses$120,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$238,709
Conferences and Meetings---$44,375
Fees for Services Lobbying---$24,822
Payroll Taxes---$18,072
Other Employee Benefits---$10,728
Occupancy---$10,573
Travel---$10,063
Fees for Services Accounting---$6,485
Pension Plan Contributions---$5,873
Information Technology---$5,249
Office Expenses---$5,069
Insurance---$4,592
Advertising---$2,885
Fees for Services Other---$1,310
Fees for Services Legal---$510
Other Expenses---$483
All Other Expenses---$81
Total Functional Expenses$0$0$0$394,173
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$144,090
Current Year Nondeductible Lobbying and Political Cost$24,822
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Membership Revenue$213,018
Ppp Loan$59,200
Eidl Loan$4,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
224 HARRISON STREET SUITE 210, SYRACUSE, NY 13202

Signing Officer

Name
Jim Leggett
Title
Treasurer
Phone
3154237200
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Leggett
Formed
2004
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
4
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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt05249
IRS990/InsuranceGrp/TotalAmt04592
IRS990/InvestmentIncomeGrp/ExclusionAmt02
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04236
IRS990/NetAssetsOrFundBalancesEOYAmt0-53015
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04236
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-53015
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt010573
IRS990/OfficeExpensesGrp/TotalAmt05069
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010728
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1QUICKBOOKS PMT FEES
IRS990/OtherExpensesGrp/Desc2MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/TotalAmt01805
IRS990/OtherExpensesGrp/TotalAmt11449
IRS990/OtherExpensesGrp/TotalAmt21040
IRS990/OtherExpensesGrp/TotalAmt3483
IRS990/OtherLiabilitiesGrp/BOYAmt0229768
IRS990/OtherLiabilitiesGrp/EOYAmt0276218
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0207
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0207
IRS990/OtherRevenueTotalAmt0207
IRS990/OtherSalariesAndWagesGrp/TotalAmt0238709
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt018072
IRS990/PensionPlanContributionsGrp/TotalAmt05873
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0960
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JIM LEGGETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813920
IRS990/ProgramServiceRevenueGrp/BusinessCd1813920
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1SEMINARS/MEETINGS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0195075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1141638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1141638
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028
IRS990/PYOtherExpensesAmt0171776
IRS990/PYOtherRevenueAmt01514
IRS990/PYProgramServiceRevenueAmt0355407
IRS990/PYRevenuesLessExpensesAmt0-96611
IRS990/PYSalariesCompEmpBnftPaidAmt0286784
IRS990/PYTotalExpensesAmt0458560
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0361949
IRS990/ReconcilationRevenueExpnssAmt0-57251
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0336713
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013501
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013504
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt019508
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/CarriedOverAmt0124582
IRS990ScheduleC/DuesAssessmentsAmt0195075
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0119268
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt024822
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0144090
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0213018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt259200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED MEMBERSHIP REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EIDL LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0276218
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0264307
IRS990/TotalAssetsEOYAmt0226707
IRS990/TotalAssetsGrp/BOYAmt0264307
IRS990/TotalAssetsGrp/EOYAmt0226707
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0394173
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0260071
IRS990/TotalLiabilitiesEOYAmt0279722
IRS990/TotalLiabilitiesGrp/BOYAmt0260071
IRS990/TotalLiabilitiesGrp/EOYAmt0279722
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-53015
IRS990/TotalOtherCompensationAmt03941
IRS990/TotalProgramServiceExpensesAmt0307452
IRS990/TotalProgramServiceRevenueAmt0336713
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0209
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0336713
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336922
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0264307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0226707
IRS990/TotReportableCompRltdOrgAmt0136620
IRS990/TravelGrp/TotalAmt010063

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