Midwest Association Of Medical Equipment Suppliers Inc
- Assets
- $460.8k
- Revenue
- $340.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 43-1266707
Organization Overview
Midwest Association Of Medical Equipment Suppliers Inc is located in Duluth, MN. The organization was established in 1986. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Association Of Medical Equipment Suppliers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Midwest Association Of Medical Equipment Suppliers Inc generated $340.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $336.2k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL INFORMATION TO HOME MEDICAL EQUIPMENT SUPPLIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAMES CONVENTIONS - TO ELECT NEW OFFICERS AND PROVIDE EDUCATION TO THE MEMBERS AND PROVIDE A SHOW OF VARIOUS NEW AND EXISTING PRODUCTS.
CONFERENCES - TO PROVIDE INFORMATION TO MEMBERS REGARDING ITEMS IMPACTING HOME MEDICAL EQUIPMENT SUPPLIERS.
EDUCATION SEMINARS - THE ASSOCIATION PUTS ON EDUCATION SEMINARS DURING THE YEAR PROVIDING EDUCATION AND INFORMATION THAT IS CRITICAL TO THE CONTINUED SUCCESS OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Schafhauser Executive Di | Officer | 40 | $158,427 |
Rick Adamich President | Officer | 2 | $0 |
Matt Flatt Vice Preside | Officer | 2 | $0 |
Patrick Naeger Treasurer | Officer | 2 | $0 |
Al Neumann Past Preside | Officer | 1 | $0 |
Danielle Schwiebert Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $153,273 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,273 |
| Total Program Service Revenue | $186,760 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,427 |
| Compensation of current officers, directors, key employees. | $63,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,363 |
| All other expenses | $8,143 |
| Total functional expenses | $336,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,833 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,819 |
| Total liabilities | $13,819 |
| Net assets without donor restrictions | $447,014 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $460,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Board Of Veterinary Medical Examinors Bismarck, ND | $13,802,610 | $7,723,200 |
Minnesota Medical Association Minneapolis, MN | $26,567,946 | $4,234,850 |
Minnesota Dental Association Minneapolis, MN | $9,264,226 | $3,350,687 |
American Board Of Neurological Surgery Rochester, MN | $12,646,232 | $4,755,830 |
Iowa Medical Society Des Moines, IA | $8,413,197 | $2,540,807 |
South Dakota State Medical Association Sioux Falls, SD | $10,781,756 | $1,840,981 |
Federation Of Clinical Immunology Societies Inc Menomonee Falls, WI | $2,311,977 | $1,428,545 |
Iowa Dental Association Genl Fund Des Moines, IA | $1,346,635 | $1,178,998 |
Twin Cities Medical Society Roseville, MN | $1,384,037 | $782,382 |
Academy Of Neurologic Physical Therapy Inc Roseville, MN | $2,802,428 | $712,000 |
World Allergy Organization Inc Milwaukee, WI | $1,767,548 | $667,016 |
South Dakota Dental Association Pierre, SD | $927,015 | $722,720 |