Quick charity verification for Madison County Medical Group Inc (EIN: 205180288)
Verdict: Madison County Medical Group Inc shows mixed signals
65/100Mission Score
$91KRevenue
$357KAssets
3Red Flags
3Strengths
Red Flags
Significant and sustained revenue decline over the past decade, from $599,841 in 2014 to $57,059 in 2023.
Consistent operating deficits in recent years (e.g., $21,554 deficit in 2023, $67,589 deficit in 2022), indicating expenses regularly exceed revenue.
Unusually low revenue ($28,402) in 2022 compared to expenses ($95,991), leading to a large deficit.
Strengths
Strong asset base of $357,131 with no reported liabilities, providing a buffer against operating deficits.
Consistent IRS 990 filing history, demonstrating good transparency.
0% officer compensation reported, indicating a lean approach to executive pay.
Spending Breakdown
How Madison County Medical Group Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Madison County Medical Group Inc
Is Madison County Medical Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison County Medical Group Inc (EIN: 205180288) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Madison County Medical Group Inc a good charity to donate to?
Madison County Medical Group Inc has a Mission Score of 65/100. Revenue: $91K. Assets: $357K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Madison County Medical Group Inc?
The Employer Identification Number (EIN) for Madison County Medical Group Inc is 205180288. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Madison County Medical Group Inc spend its money?
Madison County Medical Group Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Madison County Medical Group Inc's tax-exempt status?
You can verify Madison County Medical Group Inc's tax-exempt status using EIN 205180288 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Madison County Medical Group Inc has demonstrated consistent financial transparency by filing its IRS Form 990s regularly. However, the organization has experienced a significant decline in revenue over the past decade, from a peak of $599,841 in 2014 to $57,059 in 2023. This revenue decline has often resulted in expenses exceeding revenue, as seen in 2023 where expenses were $78,613 against $57,059 in revenue, and in 2022 where expenses were $95,991 against $28,402 in revenue. Despite these operating deficits, the organization maintains a healthy asset base of $357,131 as of 2023, with no reported liabilities, indicating financial stability from accumulated reserves. The consistent reporting of 0% officer compensation also suggests a lean operational structure regarding executive pay.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent operational deficits suggest that current revenue streams are not sufficient to cover ongoing expenses. The lack of liabilities is a positive indicator of financial management, preventing debt accumulation. The organization's transparency is good due to its consistent filing history and the absence of officer compensation, which simplifies financial scrutiny.