Civic Intelligence

American Board of Wound Management

EIN 65-0584679 • 501(c)6 • Washington, DC

Profile

The purpose of the american board of wound management is to establish and administer a certification process to elevate the standard of care across the continuum of wound management. The board is dedicated to an interdisciplinary approach in promoting prevention, care and treatment of acute and chronic wounds.

1800 M Street NW 400SWashington, DC 20036

www.aawm.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.36x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

58th percentile

6.7%

Higher net margin than 58% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

44th percentile

3.5%

Faster asset growth than 44% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,457,390

Up $49,784 (+3.5%) from 2023

Liabilities

Down

$465,257

Down $72,965 (-14%) from 2023

Net Assets

Up

$992,133

Up $122,749 (+14%) from 2023

Revenue

Up

$1,277,821

Up $143,501 (+13%) from 2023

Expenses

Down

$1,191,795

Down $91,401 (-7.1%) from 2023

Net Income

Up

$86,026

Up $234,902 (+158%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $987,777Liabilities 2011: $201,823Net Assets 2011: $785,9542011Assets 2012: $961,430Liabilities 2012: $194,408Net Assets 2012: $767,0222012Assets 2013: $1,046,573Liabilities 2013: $186,152Net Assets 2013: $860,4212013Assets 2014: $1,098,315Liabilities 2014: $249,520Net Assets 2014: $848,7952014Assets 2015: $1,150,976Liabilities 2015: $250,816Net Assets 2015: $900,1602015Assets 2016: $1,114,907Liabilities 2016: $254,321Net Assets 2016: $860,5862016Assets 2017: $1,159,202Liabilities 2017: $199,865Net Assets 2017: $959,3372017Assets 2018: $1,326,268Liabilities 2018: $284,542Net Assets 2018: $1,041,7262018Assets 2019: $1,369,802Liabilities 2019: $330,455Net Assets 2019: $1,039,3472019Assets 2020: $1,563,592Liabilities 2020: $220,899Net Assets 2020: $1,342,6932020Assets 2021: $1,705,105Liabilities 2021: $504,730Net Assets 2021: $1,200,3752021Assets 2022: $1,465,045Liabilities 2022: $520,335Net Assets 2022: $944,7102022Assets 2023: $1,407,606Liabilities 2023: $538,222Net Assets 2023: $869,3842023Assets 2024: $1,457,390Liabilities 2024: $465,257Net Assets 2024: $992,1332024

Highlighted filing

2024

Assets$1,457,390
Liabilities$465,257
Net Assets$992,133

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $883,791Expenses 2011: $733,723Net Income 2011: $150,0682011Revenue 2012: $842,739Expenses 2012: $885,838Net Income 2012: -$43,0992012Revenue 2013: $927,737Expenses 2013: $820,538Net Income 2013: $107,1992013Revenue 2014: $922,437Expenses 2014: $931,651Net Income 2014: -$9,2142014Revenue 2015: $953,923Expenses 2015: $868,826Net Income 2015: $85,0972015Revenue 2016: $991,417Expenses 2016: $1,026,937Net Income 2016: -$35,5202016Revenue 2017: $1,144,813Expenses 2017: $1,069,507Net Income 2017: $75,3062017Revenue 2018: $1,137,616Expenses 2018: $964,702Net Income 2018: $172,9142018Revenue 2019: $1,201,243Expenses 2019: $1,288,884Net Income 2019: -$87,6412019Revenue 2020: $1,073,859Expenses 2020: $838,530Net Income 2020: $235,3292020Revenue 2021: $1,017,460Expenses 2021: $1,179,267Net Income 2021: -$161,8072021Revenue 2022: $1,157,792Expenses 2022: $1,246,744Net Income 2022: -$88,9522022Revenue 2023: $1,134,320Expenses 2023: $1,283,196Net Income 2023: -$148,8762023Revenue 2024: $1,277,821Expenses 2024: $1,191,795Net Income 2024: $86,0262024

Highlighted filing

2024

Revenue$1,277,821
Expenses$1,191,795
Net Income$86,026

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.47$0.99$1.28$1.19$0.09
2023Summary only. Only limited summary data is available for this year.$1.41$0.54$0.87$1.13$1.28$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.52$0.94$1.16$1.25$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.50$1.20$1.02$1.18$0.16
2020Summary only. Only limited summary data is available for this year.$1.56$0.22$1.34$1.07$0.84$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.33$1.04$1.20$1.29$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.28$1.04$1.14$0.96$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.20$0.96$1.14$1.07$0.08
2016Summary only. Only limited summary data is available for this year.$1.11$0.25$0.86$0.99$1.03$0.04
2015Summary only. Only limited summary data is available for this year.$1.15$0.25$0.90$0.95$0.87$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.25$0.85$0.92$0.93$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.05$0.19$0.86$0.93$0.82$0.11
2012Summary only. Only limited summary data is available for this year.$0.96$0.19$0.77$0.84$0.89$0.04
2011Summary only. Only limited summary data is available for this year.$0.99$0.20$0.79$0.88$0.73$0.15
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$1,497,503
Mission and Program Overview

Mission

The purpose of the american board of wound management is to establish and administer a certification process to elevate the standard of care across the continuum of wound management. The board is dedicated to an interdisciplinary approach in promoting prevention, care and treatment of acute and chronic wounds.

ABWM'S mission is to credential inter-disciplinary practitioners in the field of wound management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,214,927$1,093,522▼ $121,405
Cash and Non-Interest-Bearing Accounts$250,000$237,120▼ $12,880
Prepaid Expenses and Deferred Charges$58,619$79,759▲ $21,140
Savings and Temporary Cash Investments$165,374$39,983▼ $125,391
Land, Buildings, and Equipment, Net$14,024$10,017▼ $4,007
Accounts Receivable$2,161$4,644▲ $2,483
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,705,105$1,465,045▼ $240,060
Other Assets Total-$0-
Liabilities
Deferred Revenue$290,844$311,383▲ $20,539
Accounts Payable and Accrued Expenses$213,886$208,952▼ $4,934
Total Liabilities$504,730$520,335▲ $15,605
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,200,375$944,710▼ $255,665
Total Net Assets Fund Balance$1,200,375$944,710▼ $255,665
Total Liabilities and Net Assets / Fund Balance$1,705,105$1,465,045▼ $240,060

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,017$10,018$20,035
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward MahoneyExam Chair
Alistair BairosPresident
Robert KleinPresident-Elect
Heather SchusterDirector
Jon SenkowskyDirector
Joreine LandoyDirector
Theodore MacKinneyDirector
Christopher MurphyExec. Director
Karen WientjesImm. Past Pres.
Renae ChesnutPublic Member
Kathy KaufmanSecretary
Kirk GranthamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Association Management StrategiesManagement Services1800 M Street NW Suite 400S, Washington, DC 20036$454,969
NCS Pearson IncMobile Testing13036 Collection Center Drive, Chicago, IL 60693$365,149
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,115,475
Investment Income
$41,237
Other Revenue
$1,080
Change in Net Assets
$-88,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,152,020
Revenue Not Reported on Financial Statements
$5,772
Revenue Not Reported on Form 990
$-166,713
Total Revenue per Audited Statements
$985,307
Total Revenue per Form 990
$1,157,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,246,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$490,132
Advertising---$135,329
Conferences and Meetings---$94,440
Information Technology---$49,008
Office Expenses---$40,432
Other Expenses---$14,252
Fees for Services Accounting---$13,376
All Other Expenses---$11,172
Fees for Services Legal---$7,764
Fees for Service Investment Mgmnt Fees---$5,772
Travel---$5,192
Depreciation Depletion---$4,008
Insurance---$2,240
Total Functional Expenses$0$0$0$1,246,744

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,246,744
Expenses per Audited Statements$1,240,972
Total Expenses per Audited Statements$1,240,972
Expenses Not Reported on Financial Statements$5,772
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Part VI, Section A, Line 3

Association management strategies (ams) is the organization's management company.

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

The 990 is reviewed by the organization's executive director, president, and treasurer before filing.

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

At the start of every meeting, members are required to sign a fiduciary obligation statement.

Form 990, Part VI, Section C, Line 19

Documents are available upon request through the e-mail process.

Filing and Contact Details

Filer

Filer Name
American Board of Wound Management
EIN
65-0584679
Phone
2024578408
Address
1800 M Street NW 400S, Washington, DC 20036

Signing Officer

Name
Kirk Grantham
Title
Treasurer
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
54

Preparer

Firm
Lydon Fetterolf Corydon PA
Address
9401 Key West Avenue, Rockville, MD 20850
Preparer
Jeff Corydon IV CPA CFP
Phone
3019484400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has not changed its oversight process or selection.

Financial Statement Notes

Part X : FIN48 Footnote

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, abwm may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions included the tax-exempt status of abwm and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended december 31, 2022.abwm's policy would be to recognize interest and penalties, if any, on tax positions related to its unrecognized tax benefits in income tax expense in the financial statement. No interest and penalties were assessed or recorded during the year ended december 31, 2022.as of december 31, 2022, the statute of limitations for the form 990 for years 2019-2021 remain open with the internal revenue service.

Raw XML AppendixShowing 400 of 438 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/CYTotalRevenueAmt01157792
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IRS990/Form990PartVIISectionAGrp/PersonNm2Kirk Grantham
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Klein
IRS990/Form990PartVIISectionAGrp/PersonNm4Renae Chesnut
IRS990/Form990PartVIISectionAGrp/PersonNm5Kathy Kaufman
IRS990/Form990PartVIISectionAGrp/PersonNm6Heather Schuster
IRS990/Form990PartVIISectionAGrp/PersonNm7Theodore MacKinney
IRS990/Form990PartVIISectionAGrp/PersonNm8Jon Senkowsky
IRS990/Form990PartVIISectionAGrp/PersonNm9Joreine Landoy
IRS990/Form990PartVIISectionAGrp/PersonNm10Edward Mahoney
IRS990/Form990PartVIISectionAGrp/PersonNm11Christopher Murphy
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Imm. Past Pres.
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3President-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt4Public Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Exam Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt11Exec. Director
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IRS990/MissionDesc0ABWM'S MISSION IS TO ESTABLISH AND ADMINISTER A CERTIFICATION PROCESS TO ELEVATE THE STANDARD OF CARE ACROSS THE CONTINUUM OF WOUND MANAGEMENT. THE BOARD IS DEDICATED TO AN INTER-DISCIPLINARY APPROACH IN PROMOTING PREVENTION, CARE AND TREATMENT OF ACUTE AND CHRONIC WOUNDS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MEETING - MEMBERS OF THE BOARD OF DIRECTORS AND COMMITTEES TRAVEL AND MEET ON A REGULAR BASIS TO DISCUSS SIGNIFICANT MATTERS TO ABWM.
IRS990/ProgSrvcAccomActy3Grp/Desc0MARKETING & EXHIBITS - ABWM EXHIBITS AT NATIONAL AND REGIONAL MEETINGS TO EDUCATE THE INDUSTRY ABOUT ABWM CERTIFICATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, ABWM MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDED THE TAX-EXEMPT STATUS OF ABWM AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2022.ABWM'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENT. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEAR ENDED DECEMBER 31, 2022.AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS FOR THE FORM 990 FOR YEARS 2019-2021 REMAIN OPEN WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION MANAGEMENT STRATEGIES (AMS) IS THE ORGANIZATION'S MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, PRESIDENT, AND TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE START OF EVERY MEETING, MEMBERS ARE REQUIRED TO SIGN A FIDUCIARY OBLIGATION STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST THROUGH THE E-MAIL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
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IRS990/USAddress/AddressLine1Txt01800 M Street NW 400S
IRS990/USAddress/CityNm0Washington
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