Life Sciences Ny INC

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EIN 20-1405018 Business league / trade association Syracuse, NY NTEE H039
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$338K
FY2025▲ +8%
Expenses
$341K
FY2025▼ -12%

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Connects New York businesses to grow medical technology companies and their supporting services. For fiscal year 2025 it reported $338K in revenue, $341K in expenses, and $153K in net assets.Pt I

Type
Business league / trade association · Medical Research
Location
Syracuse, NY
Website
www.medtech.org
Filings
5 on file (2021–2025)
Revenue
$338KFY2025
Expenses
$341K
Net assets
$153K
People
19
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Provided by the organization

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Size
$100K–1M
What they do
Connects New York businesses to grow medical technology companies and their supporting services.
Leadership
Winthrop Thurlow · Executive Director · $156K
Money in and out
$338K revenue, $341K expenses
Bottom line
-0.8% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

NEUTRAL

Not on file

Program vs. overhead split is not on file for this EIN's most recent filing. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +8% vs prior year

Revenue band $100K–1M, +8% versus the prior filing year (up). See detail →

Membership & operating revenue · FY2025
Total revenue
$338K
Pt VIII · Ln 12
Total expenses
$341K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Operating surplus
-0.8%
revenue over expenses▲ +97% vs prior filing year
Earned revenue
100%
of revenue from program services & dues+0.3% vs prior filing year
Payroll share
66%
of spending is salaries & benefits▲ +20% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$357K
FY2025▼ -0.5%
Total liabilities
$204K
FY2025+0.3%
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$357K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLife Sciences Ny INC
EINHdr · item D20-1405018
Principal addressHdr · item CSyracuse, NY
WebsiteHdr · item Jwww.medtech.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFMedical Research (H039)
Ruling yearIRS BMFAug 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$155,724Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Winthrop Thurlow’s $156K as Executive Director is at the 89th percentile of top reported officer pay among 328 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Winthrop Thurlow$155,724$152,900$146,154$143,489$136,620

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The organization provides members with networking opportunities, educational seminars, and periodic updates on events that effect the medical technology industry.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$337K
Investment income$1K
Total revenueLn 12$338K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$357K
Total liabilitiesLn 26$204K
Total net assetsLn 32$153K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $341K
7.1 months
Where the money goes
Program services
Program services — · Total expenses $341K
—
Management & General
Management & general — · Total expenses $341K
—
Fundraising
Fundraising — · Total expenses $341K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $338K
0%
Government reliance
Government grants — · Total revenue $338K
—
Earned-income share
Program service revenue $337K · Total revenue $338K
100%
Investment reliance
Investment income $1K · Total revenue $338K
+0.4%
Program self-sufficiency
Program service revenue $337K · Total expenses $341K
99%
Growth & trend
Revenue growth (YoY)
This year $338K · Prior year $314K
+8%
Revenue CAGR
FY2020 $356K · FY2024 $338K
-1%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $338K · Expenses $341K
-0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $357K
—
Net-asset ratio
Net assets $153K · Total assets $357K
43%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $357K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Winthrop Thurlow · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $156K · Total expenses $341K
46%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $226K · Total expenses $341K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 8%——
Legal fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$338K revenue · viewing · ⤓ 990 PDF
FY2024$314K revenue · ⤓ 990 PDF
FY2023$491K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$356K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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