Clinicnet
Clinicnet shows inconsistent financial performance with recent $0 revenue and assets, raising operational concerns.
EIN: 208702005 · Boulder, CO · Updated: 2026-03-28
Is Clinicnet Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clinicnet directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Clinicnet
Clinicnet (EIN: 208702005) is a nonprofit organization based in Boulder, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clinicnet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clinicnet is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 32.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $338K |
| Surplus / Deficit | +$185K |
| Total Assets | $322K |
| Total Liabilities | $15K |
| Net Assets | $307K |
| Operating Margin | 35.4% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2015, Clinicnet reported a surplus of $185K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Clinicnet's revenue has grown at a compound annual growth rate (CAGR) of 32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +48.6% | -3.8% | +129.2% |
| 2014 | +313.7% | +2.9% | +0.8% |
| 2013 | -83.5% | +13.8% | -64.1% |
| 2012 | +204.0% | -8.7% | +135.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clinicnet with a Mission Score of 45 out of 100 (Fair). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Clinicnet allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $185K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that executive compensation is not being reported in a standard manner on the 990s.
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 Clinicnet's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or cessation of operations.
- Significant and recurring deficits in 2011, 2013, and 2014.
- Inconsistent financial performance with large fluctuations in revenue and expenses year-over-year.
- Lack of detailed expense breakdown prevents a thorough assessment of spending efficiency.
Strengths
The following positive indicators were identified for Clinicnet:
- Reported positive net income in 2015 ($184,985) and 2012 ($215,287), demonstrating periods of financial surplus.
- Consistently reported 0% officer compensation, suggesting a potentially volunteer-driven model.
Frequently Asked Questions about Clinicnet
Is Clinicnet a legitimate charity?
Based on AI analysis of IRS 990 filings, Clinicnet (EIN: 208702005) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Clinicnet spend its money?
Clinicnet directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clinicnet tax-deductible?
Clinicnet is registered as a tax-exempt nonprofit (EIN: 208702005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are the latest reported revenue and assets $0?
The latest data indicates $0 revenue and $0 assets, which is highly unusual for an active nonprofit and suggests the organization may have ceased operations or is no longer filing.
What caused the significant deficits in 2013, 2014, and 2011?
In 2013, expenses ($341,230) significantly outpaced revenue ($85,110). Similarly, in 2014, expenses ($351,214) were nearly equal to revenue ($352,058), and in 2011, expenses ($328,198) far exceeded revenue ($169,449). A detailed breakdown of these expenses would be needed to understand the specific causes.
Is Clinicnet still an active organization?
The latest reported revenue and assets of $0 raise serious questions about the organization's current operational status. Further investigation beyond the provided 990 data would be required to confirm if it is still active.
Filing History
IRS 990 filing history for Clinicnet showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Clinicnet's revenue has grown by 208.6%, moving from $169K to $523K. Total assets increased by 94.8% over the same period, from $165K to $322K. Total functional expenses rose by 3%, from $328K to $338K. In its most recent filing year (2015), Clinicnet reported a surplus of $185K, with revenue exceeding expenses. The organization holds $15K in liabilities against $322K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $307K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $523K | $338K | $322K | $15K | — | View 990 |
| 2014 | $352K | $351K | $141K | $19K | — | View 990 |
| 2013 | $85K | $341K | $139K | $18K | — | View 990 |
| 2012 | $515K | $300K | $389K | $12K | — | View 990 |
| 2011 | $169K | $328K | $165K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $523K, expenses of $338K, and assets of $322K (revenue +48.6% year-over-year).
- 2014: Revenue of $352K, expenses of $351K, and assets of $141K (revenue +313.7% year-over-year).
- 2013: Revenue of $85K, expenses of $341K, and assets of $139K (revenue -83.5% year-over-year).
- 2012: Revenue of $515K, expenses of $300K, and assets of $389K (revenue +204.0% year-over-year).
- 2011: Revenue of $169K, expenses of $328K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clinicnet:
Data Sources and Methodology
This transparency report for Clinicnet 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.