Indiana Medical Device Manufacturers Council Inc

Nonprofit profile at a glance

EIN
351839158
IRS 990-EZ coverage
2014–2022
Forms available
Form 990-EZ 2022
Location
Indianapolis, IN, USA
Phone
8332458828
Rating
34
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$27,454
Expenses
$38,600
Assets
$47,764
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Thomas Barnett (President)
  • Tom Ryder (Vice President)

People named in this filing

  • Thomas Barnett (President)
  • Tom Ryder (Vice President)
  • Anne Hathaway (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Serves to promote the medical device industry, to provide education and training for member companies in the delivery of innovative, life-changing technologies to patients, and to advocate on behalf of the medical device industry at federal and state levels.

What it reported doing in 2022

Industry Promotion - Provided opportunities for industry networking at events; provided industry directories for member companies, provided opportunities for associate members to assist in education events, partnered with Indiana Health Industry Forum, Advamed & Life Science Collaboration for reduced member registration fees. Over 200 Indiana companies were provided the opportunity to join and benefit from services. Current membership includes all of the largest medical device companies in the state of Indiana and many of the smaller companies and contract manufacturers.

Operating model

Revenue model
Membership-supported. 94% of the money available for current operations came from membership dues.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -40.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 90.7%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -14% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -9.4% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.