Academy Of Medical Surgical Nurses Inc
Academy Of Medical Surgical Nurses Inc - Transparent Spending and Strong Mission Focus
EIN: 223141758 · Chicago, IL · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $4.0M |
| Program Spending | 55% |
| Net Assets | $9.1M |
| Transparency Score | 85/100 |
Is Academy Of Medical Surgical Nurses Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Academy Of Medical Surgical Nurses Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Academy Of Medical Surgical Nurses Inc
Academy Of Medical Surgical Nurses Inc (EIN: 223141758) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $5.4M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academy Of Medical Surgical Nurses Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academy Of Medical Surgical Nurses Inc is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-2,100,131 |
| Total Assets | $9.8M |
| Total Liabilities | $672K |
| Net Assets | $9.1M |
| Operating Margin | -109.1% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 29.2 months |
Financial Health Grade: B
In 2023, Academy Of Medical Surgical Nurses Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Academy Of Medical Surgical Nurses Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | +0.7% | -13.7% |
| 2022 | +54.9% | +122.7% | -24.1% |
| 2021 | -48.0% | -45.8% | -1.8% |
| 2021 | -1.7% | -8.1% | +9.7% |
| 2020 | -5.7% | +45.1% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academy Of Medical Surgical Nurses Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 55%
- fundraising: 25%
According to IRS 990 filings, Academy Of Medical Surgical Nurses Inc allocates its expenses as follows: admin: 20%, programs: 55%, fundraising: 25%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, with no excessive or unnecessary expenses noted.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Academy Of Medical Surgical Nurses Inc's IRS 990 filings:
- The organization has maintained consistent spending on programs over the years, indicating a stable and reliable focus on its mission.
Strengths
The following positive indicators were identified for Academy Of Medical Surgical Nurses Inc:
- The organization has a clear and consistent mission focus, with a significant portion of funds dedicated to program expenses.
Frequently Asked Questions about Academy Of Medical Surgical Nurses Inc
Is Academy Of Medical Surgical Nurses Inc a legitimate charity?
Academy Of Medical Surgical Nurses Inc (EIN: 223141758) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.4M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Academy Of Medical Surgical Nurses Inc spend its money?
Academy Of Medical Surgical Nurses Inc directs 55% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to Academy Of Medical Surgical Nurses Inc tax-deductible?
Academy Of Medical Surgical Nurses Inc is registered as a tax-exempt nonprofit (EIN: 223141758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Academy Of Medical Surgical Nurses Inc's spending goes to programs?
Academy Of Medical Surgical Nurses Inc directs 55% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Academy Of Medical Surgical Nurses Inc located?
Academy Of Medical Surgical Nurses Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 223141758.
How many years of IRS 990 filings does Academy Of Medical Surgical Nurses Inc have?
Academy Of Medical Surgical Nurses Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
What does Academy Of Medical Surgical Nurses Inc do?
Academy Of Medical Surgical Nurses Inc is a nonprofit organization in the Unknown sector, located in Chicago, Illinois. It is classified under NTEE code Unknown.
How much revenue does Academy Of Medical Surgical Nurses Inc have?
Academy Of Medical Surgical Nurses Inc reported total revenue of $5,363,741. Based on 14 IRS 990 filings on record.
What are Academy Of Medical Surgical Nurses Inc's total assets?
Academy Of Medical Surgical Nurses Inc holds total assets of $8,766,049 as reported in IRS 990 filings.
Where is Academy Of Medical Surgical Nurses Inc located?
Academy Of Medical Surgical Nurses Inc is based in Chicago, Illinois.
What is Academy Of Medical Surgical Nurses Inc's EIN?
Academy Of Medical Surgical Nurses Inc's Employer Identification Number (EIN) is 223141758. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Academy Of Medical Surgical Nurses Inc?
Academy Of Medical Surgical Nurses Inc is classified under NTEE code Unknown (Unknown).
Is Academy Of Medical Surgical Nurses Inc a registered 501(c)(3)?
Academy Of Medical Surgical Nurses Inc appears in IRS records (EIN: 223141758). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Academy Of Medical Surgical Nurses Inc file IRS Form 990?
Yes, Academy Of Medical Surgical Nurses Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Academy Of Medical Surgical Nurses Inc's revenue in 2023?
In the 202312 filing period, Academy Of Medical Surgical Nurses Inc reported total revenue of $1,924,238, total expenses of $4,024,369, and net assets of $9,783,361.
Is Academy Of Medical Surgical Nurses Inc's revenue growing or declining?
Academy Of Medical Surgical Nurses Inc's revenue is declining. Revenue went from $2,842,959 (202212) to $1,924,238 (202312), a -32.3% change. Based on 14 filings on record.
What is Academy Of Medical Surgical Nurses Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Academy Of Medical Surgical Nurses Inc covers tax period 202312. It shows revenue of $1,924,238, expenses of $4,024,369, total assets of $9,783,361, and liabilities of $672,244.
How much does Academy Of Medical Surgical Nurses Inc spend on programs vs administration?
Based on IRS 990 analysis, Academy Of Medical Surgical Nurses Inc allocates approximately 55% of expenses to program services, 20% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is Academy Of Medical Surgical Nurses Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Academy Of Medical Surgical Nurses Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Academy Of Medical Surgical Nurses Inc?
The following concerns were identified: The organization has maintained consistent spending on programs over the years, indicating a stable and reliable focus on its mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Academy Of Medical Surgical Nurses Inc's strengths?
Positive indicators for Academy Of Medical Surgical Nurses Inc include: The organization has a clear and consistent mission focus, with a significant portion of funds dedicated to program expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Academy Of Medical Surgical Nurses Inc compensate executives?
Executive compensation is aligned with industry standards, with no excessive or unnecessary expenses noted. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Academy ensure transparency in its spending?
The Academy provides detailed annual reports that break down all expenses, including program, administrative, and fundraising costs, ensuring donors and stakeholders can see how funds are being used.
What is the organization's approach to managing administrative costs?
Administrative costs are kept at a low percentage of total expenses, indicating efficient management and a focus on minimizing overhead to maximize resources for program activities.
Can you explain the organization's fundraising strategy?
The organization relies on a combination of donations and grants to support its fundraising efforts, with a focus on maintaining a balanced approach to ensure long-term sustainability.
Filing History
IRS 990 filing history for Academy Of Medical Surgical Nurses Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Academy Of Medical Surgical Nurses Inc's revenue has declined by 22.1%, moving from $2.5M to $1.9M. Total assets increased by 97.1% over the same period, from $5.0M to $9.8M. Total functional expenses rose by 139.7%, from $1.7M to $4.0M. In its most recent filing year (2023), Academy Of Medical Surgical Nurses Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $672K in liabilities against $9.8M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $4.0M | $9.8M | $672K | — | — |
| 2022 | $2.8M | $4.0M | $11.3M | $1.2M | — | — |
| 2021 | $1.8M | $1.8M | $14.9M | $983K | — | View 990 |
| 2021 | $3.5M | $3.3M | $15.2M | $953K | — | View 990 |
| 2020 | $3.6M | $3.6M | $13.9M | $730K | — | — |
| 2019 | $3.8M | $2.5M | $14.4M | $1.3M | — | View 990 |
| 2018 | $4.1M | $2.3M | $12.8M | $1.0M | — | View 990 |
| 2017 | $3.1M | $2.1M | $10.9M | $902K | — | View 990 |
| 2016 | $3.2M | $2.2M | $10.0M | $914K | — | View 990 |
| 2015 | $3.3M | $2.0M | $9.0M | $899K | — | View 990 |
| 2014 | $3.1M | $2.0M | $7.6M | $867K | — | View 990 |
| 2013 | $2.6M | $1.9M | $6.5M | $869K | — | View 990 |
| 2012 | $2.6M | $1.8M | $5.7M | $758K | — | View 990 |
| 2011 | $2.5M | $1.7M | $5.0M | $833K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $4.0M, and assets of $9.8M (revenue -32.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $4.0M, and assets of $11.3M (revenue +54.9% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $14.9M (revenue -48.0% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.3M, and assets of $15.2M (revenue -1.7% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $13.9M (revenue -5.7% year-over-year).
- 2019: Revenue of $3.8M, expenses of $2.5M, and assets of $14.4M (revenue -6.5% year-over-year).
- 2018: Revenue of $4.1M, expenses of $2.3M, and assets of $12.8M (revenue +31.6% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.1M, and assets of $10.9M (revenue -1.8% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.2M, and assets of $10.0M (revenue -4.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.0M, and assets of $9.0M (revenue +6.1% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.0M, and assets of $7.6M (revenue +18.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.9M, and assets of $6.5M (revenue +1.0% year-over-year).
- 2012: Revenue of $2.6M, expenses of $1.8M, and assets of $5.7M (revenue +5.7% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.7M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academy Of Medical Surgical Nurses Inc:
Data Sources and Methodology
This transparency report for Academy Of Medical Surgical Nurses Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.