Concordia Medical Equipment
Concordia Medical Equipment shows consistent revenue growth but reported a deficit in 2023, with no officer compensation disclosed.
EIN: 204386767 · Cabot, PA · NTEE: E60 · Updated: 2026-03-28
Is Concordia Medical Equipment Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concordia Medical Equipment directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concordia Medical Equipment
Concordia Medical Equipment (EIN: 204386767) is a nonprofit organization based in Cabot, PA, classified under NTEE code E60. The organization reported total revenue of $3.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concordia Medical Equipment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concordia Medical Equipment is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-397,033 |
| Total Assets | $1.4M |
| Total Liabilities | $244K |
| Net Assets | $1.2M |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Concordia Medical Equipment reported a deficit of $397K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Concordia Medical Equipment's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +36.5% | -23.3% |
| 2022 | -14.8% | -12.9% | -0.4% |
| 2021 | +21.5% | +15.2% | +62.6% |
| 2020 | +65.2% | +64.8% | +44.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Concordia Medical Equipment with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Concordia Medical Equipment allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $397K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five filings, which is unusual for an organization of its size with revenues approaching $3 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure a clear understanding of leadership costs.
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 Concordia Medical Equipment's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency if compensation is simply reclassified.
- Significant deficit reported in the 2023 fiscal period ($397,033), contrasting with previous years' surpluses, which needs further explanation.
Strengths
The following positive indicators were identified for Concordia Medical Equipment:
- Consistent revenue growth over five years, from $1,633,024 in 2019 to $2,977,459 in 2023, indicating strong fundraising or service delivery.
- Substantial asset growth, more than doubling from $782,462 in 2019 to $1,404,164 in 2023, demonstrating increasing financial capacity.
- Generally positive net assets (Assets minus Liabilities) across all periods, indicating a healthy balance sheet.
Frequently Asked Questions about Concordia Medical Equipment
Is Concordia Medical Equipment a legitimate charity?
Based on AI analysis of IRS 990 filings, Concordia Medical Equipment (EIN: 204386767) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Concordia Medical Equipment spend its money?
Concordia Medical Equipment directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concordia Medical Equipment tax-deductible?
Concordia Medical Equipment is registered as a tax-exempt nonprofit (EIN: 204386767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Concordia Medical Equipment manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues of nearly $3 million. This could indicate a volunteer-led executive team, or that executive compensation is being reported under other expense categories, which would warrant further investigation for complete financial transparency.
What caused the significant deficit in the 2023 fiscal period?
In 2023, Concordia Medical Equipment reported expenses of $3,374,492 against revenues of $2,977,459, resulting in a deficit of $397,033. This contrasts with previous years' surpluses and warrants further examination of the specific expenditures that led to this shortfall.
What is the organization's strategy for managing its liabilities, which have fluctuated significantly?
Liabilities have varied, from $212,756 in 2019 to a peak of $601,128 in 2021, before decreasing to $244,083 in 2023. Understanding the nature of these liabilities and the organization's management strategy is important for assessing long-term financial stability.
Filing History
IRS 990 filing history for Concordia Medical Equipment showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Concordia Medical Equipment's revenue has grown by 82.3%, moving from $1.6M to $3.0M. Total assets increased by 79.5% over the same period, from $782K to $1.4M. Total functional expenses rose by 125.5%, from $1.5M to $3.4M. In its most recent filing year (2023), Concordia Medical Equipment reported a deficit of $397K, with expenses exceeding revenue. The organization holds $244K in liabilities against $1.4M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.4M | $1.4M | $244K | — | View 990 |
| 2022 | $2.8M | $2.5M | $1.8M | $275K | — | View 990 |
| 2021 | $3.3M | $2.8M | $1.8M | $601K | — | View 990 |
| 2020 | $2.7M | $2.5M | $1.1M | $330K | — | View 990 |
| 2019 | $1.6M | $1.5M | $782K | $213K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.4M, and assets of $1.4M (revenue +6.7% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.5M, and assets of $1.8M (revenue -14.8% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.8M, and assets of $1.8M (revenue +21.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $1.1M (revenue +65.2% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $782K.
Data Sources and Methodology
This transparency report for Concordia Medical Equipment 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.