Civic Intelligence

American Society for Artificial Internal Organs Inc

EIN 23-6400773 • 501(c)3 • Beverly, MA

Profile

Asaio's mission is to provide a forum that globally and collaboratively promotes the development of innovative medical device technology at the crossroads of science, engineering, and medicine.

500 Cummings Center Suite 4400Beverly, MA 01915

www.asaio.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.12x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$1,986,183

Up $198,255 (+11%) from 2023

Liabilities

Up

$86,547

Up $68,903 (+391%) from 2023

Net Assets

Up

$1,899,636

Up $129,352 (+7.3%) from 2023

Operations
Liabilities / Revenue57th percentileNet Margin33rd percentile

Revenue

Down

$750,943

Down $22,279 (-2.9%) from 2023

Expenses

Up

$768,727

Up $23,990 (+3.2%) from 2023

Net Income

Down

-$17,784

Down $46,269 (-162%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $761,232Liabilities 2014: $95,441Net Assets 2014: $665,7912014Assets 2015: $867,659Liabilities 2015: $157,973Net Assets 2015: $709,6862015Assets 2016: $1,020,746Liabilities 2016: $68,807Net Assets 2016: $951,9392016Assets 2017: $1,253,750Liabilities 2017: $74,376Net Assets 2017: $1,179,3742017Assets 2018: $1,451,159Liabilities 2018: $69,482Net Assets 2018: $1,381,6772018Assets 2019: $1,586,344Liabilities 2019: $25,055Net Assets 2019: $1,561,2892019Assets 2020: $1,628,752Liabilities 2020: $58,323Net Assets 2020: $1,570,4292020Assets 2021: $1,859,025Liabilities 2021: $48,456Net Assets 2021: $1,810,5692021Assets 2022: $1,727,526Liabilities 2022: $114,645Net Assets 2022: $1,612,8812022Assets 2023: $1,787,928Liabilities 2023: $17,644Net Assets 2023: $1,770,2842023Assets 2024: $1,986,183Liabilities 2024: $86,547Net Assets 2024: $1,899,6362024

Highlighted filing

2024

Assets$1,986,183
Liabilities$86,547
Net Assets$1,899,636
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $611,701Expenses 2014: $523,005Net Income 2014: $88,6962014Revenue 2015: $593,917Expenses 2015: $530,689Net Income 2015: $63,2282015Revenue 2016: $770,093Expenses 2016: $550,842Net Income 2016: $219,2512016Revenue 2017: $695,959Expenses 2017: $505,489Net Income 2017: $190,4702017Revenue 2018: $804,050Expenses 2018: $540,691Net Income 2018: $263,3592018Revenue 2019: $806,901Expenses 2019: $737,562Net Income 2019: $69,3392019Revenue 2020: $275,901Expenses 2020: $410,352Net Income 2020: -$134,4512020Revenue 2021: $599,405Expenses 2021: $485,752Net Income 2021: $113,6532021Revenue 2022: $695,286Expenses 2022: $800,274Net Income 2022: -$104,9882022Revenue 2023: $773,222Expenses 2023: $744,737Net Income 2023: $28,4852023Revenue 2024: $750,943Expenses 2024: $768,727Net Income 2024: -$17,7842024

Highlighted filing

2024

Revenue$750,943
Expenses$768,727
Net Income-$17,784
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,986,183
Liabilities
$86,547
Net assets
$1,899,636
Revenue
$750,943
Expenses
$768,727
Net income
-$17,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.09$1.90$0.75$0.77$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.02$1.77$0.77$0.74$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.11$1.61$0.70$0.80$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.05$1.81$0.60$0.49$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.06$1.57$0.28$0.41$0.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.03$1.56$0.81$0.74$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.07$1.38$0.80$0.54$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.07$1.18$0.70$0.51$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.07$0.95$0.77$0.55$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.16$0.71$0.59$0.53$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.10$0.67$0.61$0.52$0.09
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 16, 2020
Return Version
2019v5.0
Gross Receipts
$971,355
Mission and Program Overview

Mission

The entity is organized to present advances in the field of artificial internal organs.

Asaio's mission is to provide a forum that globally and collaboratively promotes the development of innovative medical device technology at the crossroads of science, engineering, and medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$839,408$733,519▼ $105,889
Investments in Publicly Traded Securities$611,699$701,090▲ $89,391
Cash and Non-Interest-Bearing Accounts$52$119,195▲ $119,143
Prepaid Expenses and Deferred Charges-$32,540-
Total Assets$1,451,159$1,586,344▲ $135,185
Liabilities
Deferred Revenue$49,434--
Accounts Payable and Accrued Expenses-$25,055-
Other Liabilities$20,048--
Total Liabilities$69,482$25,055▼ $44,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,381,677$1,561,289▲ $179,612
Total Net Assets Fund Balance$1,381,677$1,561,289▲ $179,612
Total Liabilities and Net Assets / Fund Balance$1,451,159$1,586,344▲ $135,185
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen BurkeExec. Director (FT$95,000$95,000
Mark Slaughter MdEditor/past-$10,000$10,000

Board Members and Trustees

NameTitle
Marvin Slepian MdPresident
Staci Jessen PhdPresident as
Joseph Zwischenberger MdPresident-el
Cherry Croft PhdDirector
Choon-sik Jhun PhdDirector
Simon Maltais Md PhdDirector
Sonna Patel-raman PhdDirector
Thomas SchloeglhoferDirector
Dongfang Wange Md PhdDeputy Progr
Steven Koenig PhdImmediate Pa
Robert KroslowitzInvestment D
Jonathan Haft MdPast Preside
Pramod Bonde MdProgram Chai
Egemen Tuzun Md PhdSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$111,663
Program Service Revenue
$665,085
Investment Income
$30,153
Other Revenue
$0
All Other Contributions
$111,663
Change in Net Assets
$69,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$620,669
Salaries, Compensation, and Employee Benefits$101,916
Grants and Similar Amounts Paid$14,977
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$378,487$23,070-$401,557
Other Expenses$118,695--$118,695
Current Officers, Directors, Trustees, and Key Employees-$95,000-$95,000
Fees for Services Management-$67,500-$67,500
Occupancy-$21,707-$21,707
Grants to Domestic Individuals$14,977--$14,977
Insurance-$4,087-$4,087
Payroll Taxes-$3,921-$3,921
Office Expenses-$3,006-$3,006
Other Employee Benefits-$2,995-$2,995
Information Technology-$2,906-$2,906
Travel-$1,211-$1,211
Total Functional Expenses$512,159$225,403$0$737,562
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
Lobbying activity
No
Subject to proxy tax
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The professional relations and research institute (prri) of beverly, massachusetts, maintains the books and records of the organization and performs other related managerial and administrative functions for which it is compensated.”

Form 990, Page 6, Part VI, Line 6

“The society shall consist of four classes of members: active, honorary, and senior members. All members of the society in attendance at the annual business meeting of the corporation (which is held during the annual conference)have the right to vote on the election of the members of the board of trustees.”

Form 990, Page 6, Part VI, Line 11B

“990 is reviewed by the administrative staff of the management company (prri) and is then provided to the treasurer for final review before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is distributed, discussed and updated at each council meeting in order for the organization to monitor and enforce compliance with the policy by all officers and directors.”

Form 990, Page 6, Part VI, Line 15A

“The executive committe approves the executive director's salary via employment contract”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and financial statements are available to the public upon request at the administrative offices of the organization's management company (prri).”

Filing and Contact Details

Filer

Filer Name
American Society for Artificial
EIN
23-6400773
Phone
9789278330
Address
500 CUMMINGS CENTER SUITE 4400, BEVERLY, MA 01915

Signing Officer

Name
Egemen Tuzun Md Phd
Title
Secretary/treasurer
Phone
5619998969
Signed
2020-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Slepian Md
Formed
1978
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
72

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET 3RD FLOOR, LOWELL, MA 01851-2701
Preparer
Brendan E Toolin
Phone
9784522500
Raw XML AppendixShowing 400 of 461 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/MissionDesc0ASAIO'S MISSION IS TO PROVIDE A FORUM THAT GLOBALLY AND COLLABORATIVELY PROMOTES THE DEVELOPMENT OF INNOVATIVE MEDICAL DEVICE TECHNOLOGY AT THE CROSSROADS OF SCIENCE, ENGINEERING, AND MEDICINE.
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IRS990/OtherExpensesGrp/Desc0PRINTING & PUBLICATIONS
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03921
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032540
IRS990/PrincipalOfficerNm0MARVIN SLEPIAN MD
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONFERENCE
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IRS990/ProgSrvcAccomActy2Grp/Desc0ASAIO JOURNAL IS IN THE FOREFRONT OF ARTIFICIAL ORGAN RESEARCH AND DEVELOPMENT. ON THE CUTTING EDGE OF INNOVATIVE TECHNOLOGY, IT FEATURES PEER-REVIEWED ARTICLES OF THE HIGHEST QUALITY THAT DESCRIBE RESEARCH, DEVELOPMENT, THE MOST RECENT ADVANCES IN THE DESIGN OF ARTIFICIAL ORGAN DEVICES AND FINDINGS FROM INITIAL TESTING.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0733519
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0380251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0272797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01352087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032938
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011895
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt057017
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0474158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0398770
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0382116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0309871
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02230000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011895
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt010895
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt067204
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96650
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03706308
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PRESENTER AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AWARDS ARE GIVEN TO INDIVIDUALS THAT MAKE PRESENTATIONS AT THE ANNUAL CONFERENCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROFESSIONAL RELATIONS AND RESEARCH INSTITUTE (PRRI) OF BEVERLY, MASSACHUSETTS, MAINTAINS THE BOOKS AND RECORDS OF THE ORGANIZATION AND PERFORMS OTHER RELATED MANAGERIAL AND ADMINISTRATIVE FUNCTIONS FOR WHICH IT IS COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOCIETY SHALL CONSIST OF FOUR CLASSES OF MEMBERS: ACTIVE, HONORARY, AND SENIOR MEMBERS. ALL MEMBERS OF THE SOCIETY IN ATTENDANCE AT THE ANNUAL BUSINESS MEETING OF THE CORPORATION (WHICH IS HELD DURING THE ANNUAL CONFERENCE)HAVE THE RIGHT TO VOTE ON THE ELECTION OF THE MEMBERS OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IS REVIEWED BY THE ADMINISTRATIVE STAFF OF THE MANAGEMENT COMPANY (PRRI) AND IS THEN PROVIDED TO THE TREASURER FOR FINAL REVIEW BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED, DISCUSSED AND UPDATED AT EACH COUNCIL MEETING IN ORDER FOR THE ORGANIZATION TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY BY ALL OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTE APPROVES THE EXECUTIVE DIRECTOR'S SALARY VIA EMPLOYMENT CONTRACT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICES OF THE ORGANIZATION'S MANAGEMENT COMPANY (PRRI).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/BOYAmt069482
IRS990/TotalLiabilitiesGrp/EOYAmt025055

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