501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 10 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.4M a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$256K
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80.4M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234.5M
+11% vs prior year
Spent
$233.0M
To programs
99%
Net assets
$8.8M
By yearFY2020–FY2024
Revenue
$234.5M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$80.4M
FY2021$159.8M
FY2022$145.6M
FY2023$210.5M
FY2024$234.5M
Expenses
$233.0M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$77.6M
FY2021$156.3M
FY2022$146.3M
FY2023$210.5M
FY2024$233.0M
Net assets
$8.8M
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$7.9M
FY2022$6.8M
FY2023$7.1M
FY2024$8.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $231.1M Management & general 1% · $1.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $256K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief of Strategy and Business Development (thru 05/2024)/President (begin 06/2024)
$188,430Pt VII · Sec A
$37,250Pt VII · Sec A
President (thru 05/2024)
$30,125Pt VII · Sec A
Director (thru 03/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Board Chairperson
$0Pt VII · Sec A

Shawn J Green’s $188K as Chief of Strategy and Business Development (thru 05/2024)/President (begin 06/2024) is at the 0th percentile of top reported officer pay among 43 $100M+ science & technology 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shawn J Green$188,430————
Jill Sorensen—$188,417$92,898——
William Howell$30,125$63,250$58,050$33,200—
William F Evans$37,250$30,500$36,250$32,000$28,500
Shawn Green—$29,590———
Dr Lester Martinez-Lopez———$12,500$23,250
Dr Brad Walters——$11,670$16,480$20,160
Amy Salzhauer—$6,625———

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.

See Medical Technology Enterprise Consortium executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates collaboration to advance medical technologies for military health and readiness.

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Provided by the organization

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1 program · $231.1M · in their own filed words · FY2024
01

To facilitate collaboration among government agencies, industry and academia in order to identify and transition cutting-edge technologies for use in medical solutions that protect, treat, and optimize health for military members.

$231.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100K
Grants paid · 53 grants · $3.3M · 2021–2024
Sense Diagnostics INCFY2024$242,500
Vistendo INCFY2024$50,000
Purgo ScientificFY2024$50,000
Moberg AnalyticsFY2024$50,000
Sonogen Medical INCFY2024$12,500
Nirsense LLCFY2024$12,500
Matregenix INCFY2024$12,500
Limax Biosciences INCFY2024$12,500
International Fabric MachinesFY2023$175,000
Surgibox INCFY2023$128,500
Sense Diagnostics INCFY2023$112,500
Delta Development Team INCFY2023$111,854
Perceptive Medical INCFY2023$100,000
Tda Research INCFY2023$63,539
Geneva Foundation 04-15-93WA · FY2023$50,000
See all 53 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$234.5M
Ln 12
Fees for servicesLn 2g$234.3M
Other incomeLn 4–11$135K
Investment incomeLn 3$68K
Money outPt IX
$233.0M
Ln 25
Programscol B$231.1M
Managementcol C$1.8M
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$89.2M
LiabilitiesLn 26$80.4M
PeoplePt VI, VII
22
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500
Fees for servicesLn 2g$234.3M
Investment incomeLn 3$68K
Other incomeLn 4–11$135K
Total revenueLn 12$234.5M
Assets in detailPt X, end of year
CashLn 1$3.7M
SavingsLn 2$0
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$89.2M
LiabilitiesLn 26$80.4M
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$3.7M
InvestmentsLn 11–13$4.3M$4.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$79.2M$89.2M
LiabilitiesLn 26$72.1M$80.4M
Net assetsLn 32$7.1M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$486K$486K
Grants and assistance to foreign recipientsLn 3$494K$494K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$251K$251K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$18K$18K
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$231.2M$230.1M$1.0M$0
Office expensesLn 13$22K$22K
Information technologyLn 14$189K$189K
TravelLn 17$43K$43K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$182K$182K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$233.0M$231.1M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $234.5M$233.0M$1.5M$8.8M 990 PDF
FY2023 $210.5M$210.5M−$53K$7.1M 990 PDF
FY2022 $145.6M$146.3M−$742K$6.8M 990 PDF
FY2021 $159.8M$156.3M$3.5M$7.9M 990 PDF
FY2020 $80.4M$77.6M$2.8M$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $234,472,156 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $858$500
I-9 Program service revenuePrior year $210,415,307$234,268,255
I-10 Investment incomePrior year $38,034$68,401
I-11 Other revenuePrior year $0$135,000
I-12 Total revenuePrior year $210,454,199$234,472,156
I-13 Grants and similar amounts paidPrior year $1,402,910$980,254
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $322,911$251,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $208,781,733$231,718,896
I-18 Total expensesPrior year $210,507,554$232,950,295
I-19 Revenue less expensesPrior year −$53,355$1,521,861
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $234,472,156 across 7 lines filed
VIII-1f All other contributions, gifts and grants$500
VIII-1h Total contributions, gifts and grants$500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $234,268,255$234,268,255
VIII-3 Investment incomeExcluded from tax $68,401$68,401
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $135,000$135,000
VIII-12 Total revenueRelated to mission $234,403,255 · Unrelated business $0 · Excluded from tax $68,401$234,472,156
Part IX · Statement of functional expenses $232,950,295 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $486,155$486,155
IX-3 Grants and assistance to foreign recipientsPrograms $494,099$494,099
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffManagement $251,145$251,145
IX-11c Accounting feesManagement $57,017$57,017
IX-11d Lobbying feesManagement $17,500$17,500
IX-11f Investment management feesManagement $23,252$23,252
IX-11g Other fees for servicesPrograms $230,125,387 · Management $1,037,622 · Fundraising $0$231,163,009
IX-13 Office expensesManagement $22,313$22,313
IX-14 Information technologyManagement $188,709$188,709
IX-17 TravelManagement $43,406$43,406
IX-19 Conferences, conventions and meetingsManagement $7,579$7,579
IX-23 InsuranceManagement $13,777$13,777
IX-24 Other expenses (24a–d)Management $182,334$182,334
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $231,105,641 · Management $1,844,654 · Fundraising $0$232,950,295
Part X · Balance sheet $89,209,329 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $1,899,027$3,711,035
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,788,178$1,332,907
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $71,245,552$79,895,424
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,268,478$4,269,963
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $79,201,235$89,209,329
X-17 Accounts payable and accrued expensesStart of year $623,625$268,411
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $71,520,242$80,143,421
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $72,143,867$80,411,832
X-27 Net assets without donor restrictionsStart of year $7,057,368$8,797,497
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,057,368$8,797,497
X-33 Total liabilities and net assetsStart of year $79,201,235$89,209,329
Part XI · Reconciliation of net assets $8,797,497 net assets at year end
XI-1 Total revenue$234,472,156
XI-2 Total expenses$232,950,295
XI-3 Revenue less expenses$1,521,861
XI-4 Net assets at start of year$7,057,368
XI-5 Net unrealized gains (losses) on investments$218,982
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,797,497

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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