Continuing Medical Education Institute Inc
Continuing Medical Education Institute Inc operates with minimal assets and significant liabilities despite recent positive net income.
EIN: 202640662 · Wayzata, MN · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $121K |
| Total Expenses | $85K |
| Program Spending | 90% |
| Net Assets | $-23,919 |
| Transparency Score | 65/100 |
Is Continuing Medical Education Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Continuing Medical Education Institute Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Continuing Medical Education Institute Inc
Continuing Medical Education Institute Inc (EIN: 202640662) is a nonprofit organization based in Wayzata, MN, classified under NTEE code B990. The organization reported total revenue of $121K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Continuing Medical Education Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Continuing Medical Education Institute Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $85K |
| Surplus / Deficit | +$5K |
| Total Assets | $1K |
| Total Liabilities | $25K |
| Net Assets | $-23,919 |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 2316.8% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2023, Continuing Medical Education Institute Inc reported a surplus of $5K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 2316.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Continuing Medical Education Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.6% | -25.0% | -76.7% |
| 2022 | +79.2% | +77.6% | +132.9% |
| 2021 | -31.9% | -54.3% | +224.7% |
| 2020 | -63.9% | -54.2% | -95.2% |
| 2019 | -15.8% | -7.6% | -28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Continuing Medical Education Institute Inc with a Mission Score of 65 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Continuing Medical Education Institute Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2316.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Continuing Medical Education Institute Inc's IRS 990 filings:
- High liabilities relative to assets (e.g., $24,998 liabilities vs. $1,079 assets in 2023)
- Very low asset base, indicating minimal financial reserves
- Significant decline in revenue from peak years (e.g., $332,771 in 2018 to $89,386 in 2023)
Strengths
The following positive indicators were identified for Continuing Medical Education Institute Inc:
- No reported officer compensation, indicating efficient use of funds for leadership
- Consistent expenditure of revenue on programs, suggesting active mission delivery
- Positive net income in recent years (e.g., $4,639 in 2023, $10,461 in 2022)
Frequently Asked Questions about Continuing Medical Education Institute Inc
Is Continuing Medical Education Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Continuing Medical Education Institute Inc (EIN: 202640662) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Continuing Medical Education Institute Inc spend its money?
Continuing Medical Education Institute Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Continuing Medical Education Institute Inc tax-deductible?
Continuing Medical Education Institute Inc is registered as a tax-exempt nonprofit (EIN: 202640662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Continuing Medical Education Institute Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Continuing Medical Education Institute Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Continuing Medical Education Institute Inc located?
Continuing Medical Education Institute Inc is headquartered in Wayzata, Minnesota and files with the IRS under EIN 202640662. It is classified under NTEE code B990.
How many years of IRS 990 filings does Continuing Medical Education Institute Inc have?
Continuing Medical Education Institute 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 $121K in total revenue.
Is Continuing Medical Education Institute Inc financially stable?
The organization's financial stability is questionable due to very low assets ($1,079 in 2023) and significant liabilities ($24,998 in 2023), which far exceed its reserves. While recent revenues have generally covered expenses, this structure suggests a high degree of financial fragility.
How does Continuing Medical Education Institute Inc manage its expenses?
The organization consistently spends nearly all its revenue, with expenses closely tracking revenue. For example, in 2023, expenses were $84,747 against $89,386 in revenue. This indicates a lean operation, but without detailed expense breakdowns, it's hard to fully assess efficiency beyond the lack of officer compensation.
What is the trend in Continuing Medical Education Institute Inc's revenue?
Revenue has fluctuated significantly over the years, peaking at $332,771 in 2018 and declining to $89,386 in 2023. While there's been a recent recovery from a low of $68,890 in 2021, the overall trend since 2018 shows a substantial decrease in income.
Filing History
IRS 990 filing history for Continuing Medical Education Institute Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Continuing Medical Education Institute Inc's revenue has declined by 47.1%, moving from $169K to $89K. Total assets decreased by 47.7% over the same period, from $2K to $1K. Total functional expenses fell by 51.8%, from $176K to $85K. In its most recent filing year (2023), Continuing Medical Education Institute Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $25K in liabilities against $1K in assets (debt-to-asset ratio: 2316.8%), resulting in net assets of $-23,919.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $85K | $1K | $25K | — | — |
| 2022 | $123K | $113K | $5K | $33K | — | View 990 |
| 2021 | $69K | $64K | $2K | $41K | — | View 990 |
| 2020 | $101K | $139K | $612 | $45K | — | — |
| 2019 | $280K | $304K | $13K | $19K | — | View 990 |
| 2018 | $333K | $329K | $18K | $0 | — | View 990 |
| 2017 | $265K | $276K | $14K | $0 | — | View 990 |
| 2016 | $304K | $301K | $25K | $0 | — | View 990 |
| 2015 | $324K | $324K | $21K | $0 | — | View 990 |
| 2014 | $259K | $267K | $22K | $0 | — | View 990 |
| 2013 | $400K | $382K | $30K | $0 | — | View 990 |
| 2012 | $404K | $372K | $22K | $9K | — | View 990 |
| 2011 | $263K | $235K | $3K | $22K | — | View 990 |
| 2010 | $169K | $176K | $2K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $85K, and assets of $1K (revenue -27.6% year-over-year).
- 2022: Revenue of $123K, expenses of $113K, and assets of $5K (revenue +79.2% year-over-year).
- 2021: Revenue of $69K, expenses of $64K, and assets of $2K (revenue -31.9% year-over-year).
- 2020: Revenue of $101K, expenses of $139K, and assets of $612 (revenue -63.9% year-over-year).
- 2019: Revenue of $280K, expenses of $304K, and assets of $13K (revenue -15.8% year-over-year).
- 2018: Revenue of $333K, expenses of $329K, and assets of $18K (revenue +25.5% year-over-year).
- 2017: Revenue of $265K, expenses of $276K, and assets of $14K (revenue -12.9% year-over-year).
- 2016: Revenue of $304K, expenses of $301K, and assets of $25K (revenue -5.9% year-over-year).
- 2015: Revenue of $324K, expenses of $324K, and assets of $21K (revenue +25.1% year-over-year).
- 2014: Revenue of $259K, expenses of $267K, and assets of $22K (revenue -35.3% year-over-year).
- 2013: Revenue of $400K, expenses of $382K, and assets of $30K (revenue -1.0% year-over-year).
- 2012: Revenue of $404K, expenses of $372K, and assets of $22K (revenue +53.3% year-over-year).
- 2011: Revenue of $263K, expenses of $235K, and assets of $3K (revenue +55.7% year-over-year).
- 2010: Revenue of $169K, expenses of $176K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Continuing Medical Education Institute Inc:
Data Sources and Methodology
This transparency report for Continuing Medical Education Institute 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.