American Medical Technologists
- Assets
- $14.5m
- Revenue
- $10.0m
- Investments
- $71.3k
- Employees
- 54
- Location
- Rosemont, IL
- Founding
- 02/1946
- Data as of
- 09/2023
- EIN
- 73-0699842
Organization Overview
American Medical Technologists is located in Rosemont, IL. The organization was established in 1946. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 09/2023, American Medical Technologists employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Medical Technologists 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 09/2023, American Medical Technologists generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $9.8m during the year ending 09/2023. While expenses have increased by 5.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CERTIFICATION AND MEMBERSHIP ORGANIZATION FOR ALLIED HEALTH PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION - AMT PROVIDES EXAM-BASED CERTIFICATION PROGRAMS IN LABORATORY, MEDICAL AND DENTAL OFFICE, AND HEALTH EDUCATION SPECIALTY AREAS.
ADVOCACY - AMT PROVIDES ADVOCACY SERVICES ON KEY LEGISLATIVE AND REGULATORY DEVELOPMENTS. AMT REPORTS ON SUCH ADVOCACY EFFORTS AND ANY APPLICABLE CHANGES IN LAWS AND REGULATIONS TO ITS MEMBERS.
MEMBERSHIP - AMT PROVIDES MEMBER PROGRAMS AND SERVICES TO APPROXIMATELY 80,550 HEALTHCARE PROFESSIONALS IN ORDER TO IMPROVE THE CARE OF PATIENTS. AMT OFFERS CONTINUING EDUCATION, CAREER SERVICES, AND LEADERSHIP OPPORTUNITIES TO ITS MEMBERS.
EDUCATION - AMT PROVIDES EDUCATIONAL OPPORTUNITIES IN ITS NATIONAL CONVENTION, STATE SOCIETY MEETINGS AND SEMINARS, STEP ONLINE CONTINUING EDUCATION, WEBINARS, AND ON-DEMAND COURSES. AMT ISSUES PUBLICATIONS CONTAINING ARTICLES AND NEWS ON TECHNICAL AND SCIENTIFIC DEVELOPMENTS, AMT, THE INDUSTRY AND PROFESSION, AND LEGISLATIVE UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Hinkel Vice President/president | OfficerTrustee | 2 | $625 |
Deborah Westervelt Director- Past | Trustee | 2 | $650 |
Kenneth Hawker President/imm Past President | OfficerTrustee | 2 | $1,300 |
Cherry-Ann Dacosta Carter Director/secretary | OfficerTrustee | 2 | $0 |
Christopher Seay Past President- Past | Trustee | 2 | $1,775 |
Harry Narine Treasurer/vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pearson Vue Exam Administration | 9/29/22 | $817,929 |
Glc Marketing | 9/29/22 | $279,045 |
Web Coursework Web Service | 9/29/22 | $173,023 |
Michael N Mccarty Legal Services | 9/29/22 | $132,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $9,548,429 |
| Investment income | $322,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,080 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,990,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,585,293 |
| Pension plan accruals and contributions | $256,197 |
| Other employee benefits | $589,934 |
| Payroll taxes | $307,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,038 |
| Fees for services: Accounting | $110,650 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,574 |
| Fees for services: Other | $955,014 |
| Advertising and promotion | $503,052 |
| Office expenses | $779,798 |
| Information technology | $354,348 |
| Royalties | $0 |
| Occupancy | $168,831 |
| Travel | $666,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $627,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,646 |
| Insurance | $50,269 |
| All other expenses | $0 |
| Total functional expenses | $9,767,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,837,580 |
| Savings and temporary cash investments | $309,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,358 |
| Prepaid expenses and deferred charges | $52,618 |
| Net Land, buildings, and equipment | $1,148,066 |
| Investments—publicly traded securities | $10,980,501 |
| Investments—other securities | $71,260 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,504,309 |
| Accounts payable and accrued expenses | $857,355 |
| Grants payable | $0 |
| Deferred revenue | $2,835,010 |
| 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 | $227,819 |
| Total liabilities | $3,920,184 |
| Net assets without donor restrictions | $10,552,323 |
| Net assets with donor restrictions | $31,802 |
| 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 | $14,504,309 |