Is Southeastern Medical Device Association Inc Legit?
Quick charity verification for Southeastern Medical Device Association Inc (EIN: 201556655)
Verdict: Southeastern Medical Device Association Inc appears trustworthy
70/100Mission Score
$359KRevenue
$4KAssets
3Red Flags
3Strengths
Red Flags
Significant decline in assets from $228,207 in 2011 to $4,097 in 2019, indicating potential long-term financial instability or asset depletion.
Low asset base ($4,097) relative to annual revenue ($359,275) suggests minimal financial reserves and high reliance on current funding.
History of operational deficits in multiple years (2017, 2016, 2015, 2013) indicates periods where expenses exceeded revenue.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
Recent operational surpluses in 2019 ($40,738) and 2018 ($4,465) indicate improved financial management and ability to cover current expenses.
Long operational history with 9 filings available, suggesting a stable presence in its sector.
Spending Breakdown
How Southeastern Medical Device Association 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 Southeastern Medical Device Association Inc
Is Southeastern Medical Device Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Medical Device Association Inc (EIN: 201556655) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Southeastern Medical Device Association Inc a good charity to donate to?
Southeastern Medical Device Association Inc has a Mission Score of 70/100. Revenue: $359K. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southeastern Medical Device Association Inc?
The Employer Identification Number (EIN) for Southeastern Medical Device Association Inc is 201556655. 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 Southeastern Medical Device Association Inc spend its money?
Southeastern Medical Device Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southeastern Medical Device Association Inc's tax-exempt status?
You can verify Southeastern Medical Device Association Inc's tax-exempt status using EIN 201556655 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
Southeastern Medical Device Association Inc (SEMDA) demonstrates a consistent operational history with revenues fluctuating around the $200,000-$350,000 range over the past decade. In its latest filing (201912), the organization reported revenue of $359,275 against expenses of $318,537, resulting in a surplus for the period. However, the organization's asset base has significantly declined from a high of $228,207 in 2011 to just $4,097 in 2019, while liabilities have generally decreased but remain present. This trend suggests a potential reliance on current period revenues to cover expenses rather than building substantial reserves.
Spending efficiency appears to be a mixed bag. While the organization consistently reports 0% officer compensation, which is a positive indicator for minimizing overhead related to executive pay, the overall financial health is impacted by the shrinking asset base. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess program spending versus administrative or fundraising costs. However, the consistent operational surpluses in recent years (2019, 2018) after several years of deficits (2017, 2016, 2015, 2013) indicate an effort towards financial stability.
Transparency is generally good given the availability of 990 filings. The consistent reporting of 0% officer compensation across all available filings is a strong point for transparency regarding executive pay. However, the significant reduction in assets and the relatively low asset base compared to annual revenue warrant further investigation to understand the long-term financial strategy and sustainability of the organization.