2024-08-14T16:16:57-05:00 2023-09-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-10-01 274379277 ASSOCIATION FOR THE ADVANCEMENT OF MEDICAL INSTRUMENTATION INC ASSO 7035254890 901 N GLEBE ST SUITE 300 ARLINGTON VA 22203 PAMELA ARORA CEO 7035254890 2024-08-14 1 1 AARON M FOX P01365820 2022274000 2024-08-14 2022 2024-08-08 14:25:15Z PAMELA ARORA 901 N GLEBE ST SUITE 300 ARLINGTON VA 22203 20159735 0 X WWW.AAMI.ORG X 2010 VA DEDICATED TO INCREASING THE UNDERSTANDING, SAFETY, AND EFFICACY OF MEDICAL INSTRUMENTATION. 20 19 60 11750 65739 0 0 0 18391873 19288892 208554 655867 234517 214976 18834944 20159735 15000 14939 0 0 7869660 9153299 0 0 0 7046814 8260711 14931474 17428949 3903470 2730786 28819404 37796949 10786555 16019496 18032849 21777453 X TO PROVIDE GLOBAL MULTIDISCIPLINARY LEADERSHIP AND PROGRAMS THAT ENHANCE THE GOALS AND CAPABILITIES OF THE PROFESSIONS, HEALTHCARE INSTITUTIONS, GOVERNMENT, INDUSTRY, AND OTHER INSTITUTIONS THAT RELATE TO THE DELIVERY, DEVELOPMENT, MANAGEMENT, USE, AND OTHER ASPECTS OF SAFE AND EFFECTIVE MEDICAL INSTRUMENTATION AND RELATED TECHNOLOGIES. 0 0 THE EDUCATION PROGRAM DELIVERS QUALITY PRODUCTS AND SERVICES ON REGULATORY REQUIREMENTS, INTERNATIONAL STANDARDS, AND RECOMMENDED PRACTICES THAT PROVIDE A VENUE FOR THE UNDERSTANDING AND RESOLUTION OF CRITICAL ISSUES FACING THE HEALTHCARE TECHNOLOGY COMMUNITY. INCLUDED IN THIS PROGRAM SERVICE ARE EDUCATION AND INFORMATION SERVICES THAT INCREASE THE MEDICAL INDUSTRY'S UNDERSTANDING OF GOVERNMENT REGULATIONS, INTERNATIONAL STANDARDS, AND INDUSTRY PRACTICES. THE ANNUAL CONFERENCE OFFERS TIMELY, PRACTICAL, AND INNOVATIVE EDUCATIONAL OPPORTUNITIES FOR PROFESSIONALS WORKING IN THE CLINICAL SETTING AND INVOLVED WITH OR INTERESTED IN HEALTHCARE TECHNOLOGY SUPPORT AND MANAGEMENT. THE STANDARDS PROGRAM PRODUCES NATIONAL AND INTERNATIONAL CONSENSUS STANDARDS THAT CONTRIBUTE TO IMPROVED PATIENT CARE AND SAFETY BY PROVIDING INDUSTRY AND CLINICIANS WITH INFORMATION AND GUIDANCE ON MANUFACTURING, PROCESSING, USING, AND MAINTAINING MEDICAL DEVICES. THE COMMUNICATIONS PROGRAM PROVIDES TIMELY AND PRACTICAL INFORMATION TO ALL AAMI MEMBERS AND SEEKS TO IMPROVE OUTREACH TO LOCAL BIOMEDICAL ASSOCIATIONS, CLINICIANS, AND OTHER MEDICAL TECHNOLOGY PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 84 0 1 60 1 1 1 0 0 0 1 1 0 0 0 X 20 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 7035254890 901 N GLEBE ST SUITE 300 ARLINGTON VA 22203 JANET PRUST CHAIRPERSON 2.00 2.00 X X 0 0 0 WALT ROSEBROUGH CHAIR-ELECT 2.00 2.00 X X 0 0 0 HEIDI HORN MA AAMIF TREASURER/SECRETARY 2.00 2.00 X X 0 0 0 STEVEN J YELTON PE IMMEDIATE PAST-CHAIR 2.00 2.00 X X 0 0 0 BARRETT FRANKLIN DIRECTOR 2.00 0.00 X 0 0 0 BRIAN BARRY DIRECTOR 2.00 0.00 X 0 0 0 DIANE WURZBURGER JD RAC DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH F CLAVERIE DIRECTOR 2.00 0.00 X 0 0 0 F MIKE BUSDICKER DIRECTOR 2.00 0.00 X 0 0 0 GERALD MCDONNELL DIRECTOR 2.00 0.00 X 0 0 0 HERMAN MCKENZIE MBA CHSP DIRECTOR 2.00 0.00 X 0 0 0 KURT A FINKE DIRECTOR 2.00 2.00 X 0 0 0 LARRY HERTZLER DIRECTOR 2.00 2.00 X 0 0 0 LINDA RUIZ DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL APPEL MD DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL MCNEIL DIRECTOR 2.00 0.00 X 0 0 0 PRIYANKA UPENDRA DIRECTOR 2.00 0.00 X 0 0 0 RALPH BASILE DIRECTOR 2.00 2.00 X 0 0 0 SAMANTHA JACQUES PHD FACHE AAMIF DIRECTOR 2.00 0.00 X 0 0 0 PAMELA ARORA CEO 35.50 2.00 X X 445883 25120 23801 STEPHEN CAMPBELL ACTING CEO (THRU 3/2022), COO 31.90 5.60 X 448899 78803 68503 ANN DAILEY ACTING HEAD OF FINANCE 37.50 0.00 X 148611 0 20553 ROBERT BURROUGHS SENIOR VP 37.50 0.00 X 327333 0 65854 STEPHANIE RIZK VP 37.50 0.00 X 211049 0 44189 JOSEPH LEWELLING VP 37.50 0.00 X 203334 0 53587 AMANDA BENEDICT VP 37.50 0.00 X 201233 0 34784 SHERRIE SCHULTE VP 37.50 0.00 X 198063 0 46463 JOHN SLOAN VP 37.50 0.00 X 190040 0 17152 SARAH BULVER FORMER OFFICER (CFO) 37.50 0.00 X 115406 0 12384 2489851 103923 387270 24 1 1 0 CHRISTINE KRENC 4N 292 CENTRAL AVENUE BENSENVILLE IL 60106 CONSULTING 122143 EDAPTIVE TECHNOLOGIES 15333 NORTH PIMA RD SUITE 305 SCOTTSDALE AZ 85260 CONSULTING 109713 2 EDUCATION 900099 8595398 8595398 MEMBERSHIP DUES 900099 6899136 6899136 STANDARDS 900099 3715719 3715719 COMMUNICATIONS 900099 78639 12900 65739 19288892 655867 655867 OTHER INCOME 900099 214976 214976 214976 20159735 19223153 65739 870843 14939 1170451 6451582 517264 547390 466612 121323 67969 45834 725334 71207 173224 1244056 206622 1034717 389093 1105934 964907 148384 HONORARIA 1074286 TAXES, FEES, AND LICENS 287664 CERTIFICATION 249917 SURVEY & PUBLICATIONS 173579 176661 17428949 6411172 5303417 5838338 11031601 2367057 1982038 808405 674790 6886059 3910926 3687221 2975133 9316655 10244561 390556 5585409 28819404 37796949 2106073 2989280 5191113 4616737 3489369 8413479 10786555 16019496 X 18032849 21777453 18032849 21777453 28819404 37796949 2730786 1013818 0 X X 0 1 X 1 0 0 1 0 3804955 1741373 2063582 957860 493011 464849 2123244 1676542 446702 2975133 DEFERRED COMPENSATION INVESTMENT 438619 RIGHT OF USE ASSET 5146790 5585409 DEFERRED COMPENSATION 438619 LEASE LIABILITY & AMORTIZATION 7974860 8413479 X 21127719 1013818 1013818 20113901 45834 45834 20159735 17383115 0 17383115 45834 45834 17428949 PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN COME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. IT IS THE ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INTEREST EXPENSE OR INCOME TAX EXPENSE, RESPECTIVELY. THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS REGARDING THE ASSOCIATION'S TAX RETURNS. 1 SPIRIT OF AAMI 1 1000 AAMI/GE BMET OF THE YEAR 1 1000 HTM LEADERSHIP AWARD 1 1000 YOUNG PROFESSIONAL AWARD 1 1000 AAMI/MEDCRYPT CYBERSECURITY AWARD 1 2000 AAMI PUBLICATION BEST ARTICLE 1 1000 BRIGHT IDEAS AWARD 1 1000 AAMI PUBLICATION BEST RESEARCH ARTICLE 1 1000 AAMI PUBLICATION BEST COLUMN COMMENTARY 1 1000 PART I, LINE 2: THE AWARDS COMMITTEE SELECTS RECIPIENTS BASED ON AAMI CRITERIA. AFTER AWARDING THE FUNDS, THERE IS NO FURTHER MONITORING OF THE USE OF THE FUNDS. X X 1 0 0 STEPHEN CAMPBELL ACTING CEO (THRU 3/2022), COO 271960 47742 176939 31061 0 0 43273 7596 15001 2633 507173 89032 0 0 PAMELA ARORA CEO 362282 20410 0 0 83601 4710 19407 1093 3125 176 468415 26389 0 0 ROBERT BURROUGHS SENIOR VP 222333 0 105000 0 0 0 40619 0 25235 0 393187 0 0 0 JOSEPH LEWELLING VP 187334 0 16000 0 0 0 24962 0 28625 0 256921 0 0 0 STEPHANIE RIZK VP 187049 0 24000 0 0 0 26150 0 18039 0 255238 0 0 0 SHERRIE SCHULTE VP 168063 0 30000 0 0 0 24151 0 22312 0 244526 0 0 0 AMANDA BENEDICT VP 171233 0 30000 0 0 0 24721 0 10063 0 236017 0 0 0 JOHN SLOAN VP 185040 0 5000 0 0 0 4626 0 12526 0 207192 0 0 0 ANN DAILEY ACTING HEAD OF FINANCE 120111 0 28500 0 0 0 16779 0 3774 0 169164 0 0 0 SARAH BULVER FORMER OFFICER (CFO) 17084 0 20000 0 78322 0 4707 0 7677 0 127790 0 0 0 PART I, LINE 4A SARAH BULVER, SEVERANCE: $68,335 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE CAN ACT FOR THE BOARD ON ALL MATTERS EXCEPT THOSE SPECIFICALLY RESERVED TO THE MEMBERS OF THE BOARD BY THE BYLAWS OR BY VIRGINIA LAW. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS SEVEN CLASSES OF MEMBERSHIP: INDIVIDUAL: THE INDIVIDUAL MEMBERS OF THE ASSOCIATION SHALL BE NATURAL PERSONS WHO ARE USERS OR DESIGNERS OF MEDICAL INSTRUMENTATION, OR WHO OTHERWISE HAVE AN INTEREST IN THE FIELD OF MEDICAL INSTRUMENTATION. EACH INDIVIDUAL MEMBER SHALL HAVE ONE VOTE FOR ALL MATTERS UNDER ARTICLE II OF THE BYLAWS. INDIVIDUAL MEMBERS MAY SERVE ON THE BOARD OF DIRECTORS AND COMMITTEES OF THE ASSOCIATION. INSTITUTIONAL: THE INSTITUTIONAL MEMBERS OF THE ASSOCIATION SHALL BE ACADEMIC, PHILANTHROPIC, SCIENTIFIC, GOVERNMENTAL, HEALTH CARE, AND OTHER NONPROFIT ORGANIZATIONS THAT DEMONSTRATE AN INTEREST IN THE FIELD OF MEDICAL INSTRUMENTATION. EACH INSTITUTIONAL MEMBER SHALL DESIGNATE AN OFFICIAL REPRESENTATIVE TO REPRESENT IT IN THE ACTIVITIES OF THE ASSOCIATION. EACH INSTITUTIONAL MEMBER SHALL HAVE ONE VOTE FOR ALL MATTERS UNDER ARTICLE III OF THE BYLAWS. INSTITUTIONAL MEMBER REPRESENTATIVES MAY SERVE ON THE BOARD OF DIRECTORS AND COMMITTEES OF THE ASSOCIATION. CORPORATE: THE CORPORATE MEMBERS OF THE ASSOCIATION SHALL BE CORPORATIONS OR OTHER BUSINESS ORGANIZATIONS WHICH MANUFACTURE, SELL, OR SERVICE MEDICAL INSTRUMENTATION OR WHICH HAVE A BUSINESS-RELATED ACTIVITY INVOLVED WITH, OR AN INTEREST IN, MEDICAL INSTRUMENTATION. EACH CORPORATE MEMBER SHALL DESIGNATE AN OFFICIAL REPRESENTATIVE TO REPRESENT IT IN THE ACTIVITIES OF THE ASSOCIATION. EACH CORPORATE MEMBER SHALL HAVE ONE VOTE FOR ALL MATTERS UNDER ARTICLE II OF THE BYLAWS. CORPORATE MEMBER REPRESENTATIVES MAY SERVE ON THE BOARD OF DIRECTORS AND COMMITTEES OF THE ASSOCIATION. BIOMEDICAL SOCIETY: BIOMEDICAL SOCIETY MEMBERS ARE LOCAL, STATE, AND NATIONAL PROFESSIONAL MEMBERSHIP SOCIETIES AND ASSOCIATIONS FOR BIOMEDICAL EQUIPMENT TECHNICIANS, CLINICAL ENGINEERS, AND SIMILAR PERSONNEL THAT HAVE AN INTEREST IN THE FIELD OF MEDICAL INSTRUMENTATION. BIOMEDICAL SOCIETY MEMBER REPRESENTATIVES DO NOT HAVE THE RIGHT TO VOTE ON ASSOCIATION MATTERS AND MAY NOT SERVE ON THE BOARD OF DIRECTORS OR COMMITTEES OF THE ASSOCIATION, UNLESS THEY ARE OTHERWISE MEMBERS IN A DIFFERENT CATEGORY. HONORARY: THE HONORARY MEMBERS OF THE ASSOCIATION SHALL BE NATURAL PERSONS WHO, BECAUSE OF EXTRAORDINARY PERFORMANCE OF SERVICE TO OR SUPPORT OF THE FIELD OF MEDICAL INSTRUMENTATION, ARE SO DESIGNATED FOR LIFE AND SELECTED FROM TIME TO TIME BY THE PRESIDENT OF THE ASSOCIATION. HONORARY MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE ON ASSOCIATION MATTERS, NOR SHALL THEY SERVE ON THE BOARD OF DIRECTORS OR COMMITTEES OF THE ASSOCIATION. EMERITUS: EMERITUS MEMBERS OF THE ASSOCIATION SHALL BE NATURAL PERSONS WHO (A) HAVE BEEN INDIVIDUAL MEMBERS OR REPRESENTATIVES OF INSTITUTIONAL OR CORPORATE MEMBERS FOR AT LEAST TEN (10) YEARS AND WHO ARE NO LONGER ENGAGED IN FULL-TIME EMPLOYMENT AND (B) HAVE BEEN DESIGNATED AS EMERITUS MEMBERS FOR LIFE BY THE PRESIDENT. EMERITUS MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE ON ASSOCIATION MATTERS, NOR SHALL THEY SERVE ON THE BOARD OF DIRECTORS OR COMMITTEES OF THE ASSOCIATION. STUDENT/RETIREE: STUDENT MEMBERS OF THE ASSOCIATION SHALL BE NATURAL PERSONS WHO ARE ATTENDING HIGH SCHOOL, COLLEGE OR UNIVERSITY ON EITHER A PART- OR FULL-TIME BASIS. RETIREE MEMBERS OF THE ASSOCIATION SHALL BE NATURAL PERSONS WHO (A) ARE FULLY RETIRED FROM THE HEALTHCARE INDUSTRY; (B) ARE NOT EARNING INCOME (WITH THE EXCEPTION OF PENSIONS/RETIREMENT ACCOUNTS) THROUGH ANY HEALTHCARE-RELATED ACTIVITY, INCLUDING CONSULTING; (C) HAVE BEEN A MEMBER OF AAMI FOR AT LEAST THREE (3) OF THE LAST FIVE (5) YEARS, AND; (D) CONTINUE TO SUPPORT THE MISSION AND PURPOSES OF THE ASSOCIATION. STUDENT AND RETIREE MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE ON ASSOCIATION MATTERS, NOR SHALL THEY SERVE ON THE BOARD OF DIRECTORS OR COMMITTEES OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS-AT-LARGE SHALL BE ELECTED BY THE VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B AAMI IS A VIRGINIA CORPORATION, AND CHANGES TO BYLAWS, AS WELL AS APPROVAL OF MERGERS AND OTHER EXTRAORDINARY TRANSACTIONS, MUST BE MADE BY THE MEMBERSHIP. EACH MEMBER, WITH THE EXCEPTION OF STUDENT/RETIREE, HONORARY, EMERITUS, AND BIOMEDICAL SOCIETY MEMBERS, SHALL BE ENTITLED TO ONE (1) VOTE, TO BE EXERCISED IN PERSON OR BY PROXY, ON ANY MATTER REQUIRING A VOTE OF THE MEMBERSHIP. THERE SHALL BE NO SEPARATE VOTING GROUPS. FORM 990, PART VI, SECTION B, LINE 11B AAMI HAS A WRITTEN POLICY STATING THAT THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING. ANY ISSUES MUST BE REVIEWED AND RESOLVED BY THE BOARD'S EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN ALL BOARD AND OTHER COMMITTEE MEETING AGENDA BOOKS. POLICY REMINDERS ARE MADE AT THE BEGINNING OF ALL MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 AAMI FOLLOWS A REGULAR SCHEDULE FOR AN EXTERNAL (OUTSIDE CONSULTANT) SALARY REVIEW OF ALL SALARIES, INCLUDING KEY EMPLOYEES, AT LEAST EVERY 3-4 YEARS. THIS WORK WAS DONE IN 2019. AN EXTERNAL EXPERT ALSO PROVIDES ANNUAL MARKET DATA TO THE EXECUTIVE COMMITTEE FOR THE PRESIDENT AND CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN COMPLIANCE FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). AAMI FOUNDATION INC 901 N GLEBE ST SUITE 300 ARLINGTON VA 22203 274379275 ADVANCEMENT IN THE FIELD OF MEDICAL INSTRUMENTATION VA 501(C)(3) LINE 7 AAMI 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 AAMI FOUNDATION Q 160000 COST