Center For Innovation In Medicare Advantage Inc
EIN: 842031053 · Washington, DC · NTEE: E99
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $424K |
| Net Assets | $-138,474 |
Is Center For Innovation In Medicare Advantage Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Center For Innovation In Medicare Advantage Inc
Center For Innovation In Medicare Advantage Inc (EIN: 842031053) is a nonprofit organization based in Washington, DC, classified under NTEE code E99. The organization reported total revenue of $150K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Innovation In Medicare Advantage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Innovation In Medicare Advantage Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of -33.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $424K |
| Surplus / Deficit | $-273,642 |
| Total Assets | $452K |
| Total Liabilities | $591K |
| Net Assets | $-138,474 |
| Operating Margin | -182.4% |
| Debt-to-Asset Ratio | 130.6% |
| Months of Reserves | 12.8 months |
Financial Health Grade: C
In 2022, Center For Innovation In Medicare Advantage Inc reported a deficit of $274K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 130.6% (high leverage).
Financial Trends
Over 4 years of filings (2019–2022), Center For Innovation In Medicare Advantage Inc's revenue has declined at a compound annual growth rate (CAGR) of -33.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -80.0% | -45.8% | +49.6% |
| 2021 | -16.7% | -31.2% | -42.1% |
| 2020 | +80.0% | +1055.8% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Center For Innovation In Medicare Advantage Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center For Innovation In Medicare Advantage Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $274K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.6%.
Frequently Asked Questions about Center For Innovation In Medicare Advantage Inc
Is Center For Innovation In Medicare Advantage Inc a legitimate charity?
Center For Innovation In Medicare Advantage Inc (EIN: 842031053) is a registered tax-exempt nonprofit based in Washington DC. It has 4 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: C.
How does Center For Innovation In Medicare Advantage Inc spend its money?
Center For Innovation In Medicare Advantage Inc reported $150K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Center For Innovation In Medicare Advantage Inc tax-deductible?
Center For Innovation In Medicare Advantage Inc is registered as a tax-exempt nonprofit (EIN: 842031053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Center For Innovation In Medicare Advantage Inc located?
Center For Innovation In Medicare Advantage Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 842031053. It is classified under NTEE code E99.
How many years of IRS 990 filings does Center For Innovation In Medicare Advantage Inc have?
Center For Innovation In Medicare Advantage Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $150K in total revenue.
Filing History
IRS 990 filing history for Center For Innovation In Medicare Advantage Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Center For Innovation In Medicare Advantage Inc's revenue has declined by 70%, moving from $500K to $150K. Total assets decreased by 9.5% over the same period, from $500K to $452K. Total functional expenses rose by 331.2%, from $98K to $424K. In its most recent filing year (2022), Center For Innovation In Medicare Advantage Inc reported a deficit of $274K, with expenses exceeding revenue. The organization holds $591K in liabilities against $452K in assets (debt-to-asset ratio: 130.6%), resulting in net assets of $-138,474.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $150K | $424K | $452K | $591K | — | View 990 |
| 2021 | $750K | $781K | $302K | $167K | — | View 990 |
| 2020 | $900K | $1.1M | $523K | $357K | — | — |
| 2019 | $500K | $98K | $500K | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $150K, expenses of $424K, and assets of $452K (revenue -80.0% year-over-year).
- 2021: Revenue of $750K, expenses of $781K, and assets of $302K (revenue -16.7% year-over-year).
- 2020: Revenue of $900K, expenses of $1.1M, and assets of $523K (revenue +80.0% year-over-year).
- 2019: Revenue of $500K, expenses of $98K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Innovation In Medicare Advantage Inc:
Data Sources and Methodology
This transparency report for Center For Innovation In Medicare Advantage 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.