Corballis Emergency Medicine Research Fund
Corballis Emergency Medicine Research Fund consistently spends more than it earns, drawing down assets over a decade.
EIN: 200122939 · Wilmington, DE · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $15K |
| Program Spending | 70% |
| Net Assets | $230K |
| Transparency Score | 60/100 |
Is Corballis Emergency Medicine Research Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corballis Emergency Medicine Research Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Corballis Emergency Medicine Research Fund
Corballis Emergency Medicine Research Fund (EIN: 200122939) is a nonprofit organization based in Wilmington, DE, classified under NTEE code P99. The organization reported total revenue of $11K and total assets of $341K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corballis Emergency Medicine Research Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corballis Emergency Medicine Research Fund is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $15K |
| Surplus / Deficit | $-6,838 |
| Total Assets | $230K |
| Total Liabilities | $1 |
| Net Assets | $230K |
| Operating Margin | -83.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.1 months |
Financial Health Grade: B
In 2023, Corballis Emergency Medicine Research Fund reported a deficit of $7K with expenses exceeding revenue, holds 183.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Corballis Emergency Medicine Research Fund's revenue has grown at a compound annual growth rate (CAGR) of 38.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.7% | -7.1% | -2.9% |
| 2022 | +45.0% | +7.4% | -4.4% |
| 2021 | -15.9% | +0.3% | -4.4% |
| 2020 | -35.8% | -1.0% | -4.0% |
| 2019 | +4408.0% | +117.2% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Corballis Emergency Medicine Research Fund with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Corballis Emergency Medicine Research Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are paid, which is a strong positive for donor trust and resource allocation.
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 Corballis Emergency Medicine Research Fund's IRS 990 filings:
- Persistent operational deficits: Expenses consistently exceed revenue (e.g., $15,077 expenses vs. $8,239 revenue in 2023).
- Declining asset base: Assets have decreased from $353,525 in 2011 to $230,000 in 2023, indicating an unsustainable burn rate.
- Lack of detailed expense breakdown: Without specific expense categories, it's difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Corballis Emergency Medicine Research Fund:
- Zero executive compensation: No officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Consistent filing history: 10 filings available, demonstrating compliance with IRS reporting requirements.
- Stable, albeit declining, asset base: Holds significant assets ($230,000 in 2023) relative to its annual revenue, providing a buffer.
Frequently Asked Questions about Corballis Emergency Medicine Research Fund
Is Corballis Emergency Medicine Research Fund a legitimate charity?
Corballis Emergency Medicine Research Fund (EIN: 200122939) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $11K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Corballis Emergency Medicine Research Fund spend its money?
Corballis Emergency Medicine Research Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Corballis Emergency Medicine Research Fund tax-deductible?
Corballis Emergency Medicine Research Fund is registered as a tax-exempt nonprofit (EIN: 200122939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corballis Emergency Medicine Research Fund's spending goes to programs?
Corballis Emergency Medicine Research Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Corballis Emergency Medicine Research Fund compare to similar nonprofits?
With a transparency score of 60/100 (Good), Corballis Emergency Medicine Research Fund is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Corballis Emergency Medicine Research Fund located?
Corballis Emergency Medicine Research Fund is headquartered in Wilmington, Delaware and files with the IRS under EIN 200122939. It is classified under NTEE code P99.
How many years of IRS 990 filings does Corballis Emergency Medicine Research Fund have?
Corballis Emergency Medicine Research Fund has 10 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 $11K in total revenue.
Is Corballis Emergency Medicine Research Fund financially sustainable?
Based on the provided data, the organization is not financially sustainable in the long term, as it has consistently spent more than its revenue for over a decade, leading to a steady decline in assets from $353,525 in 2011 to $230,000 in 2023.
How does the organization fund its operations?
The organization primarily funds its operations by drawing down its existing asset base, as its annual expenses (e.g., $15,077 in 2023) consistently exceed its annual revenue (e.g., $8,239 in 2023).
What is the trend in the organization's assets?
The organization's assets have been in a consistent decline, decreasing from $353,525 in 2011 to $230,000 in 2023, indicating that it is using its reserves to cover operational deficits.
Is the organization transparent about executive compensation?
Yes, the organization is transparent about executive compensation, reporting 0% officer compensation in all available filings, which is a positive indicator.
Filing History
IRS 990 filing history for Corballis Emergency Medicine Research Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Corballis Emergency Medicine Research Fund's revenue has grown by 4746.5%, moving from $170 to $8K. Total assets decreased by 34.9% over the same period, from $354K to $230K. Total functional expenses fell by 24.6%, from $20K to $15K. In its most recent filing year (2023), Corballis Emergency Medicine Research Fund reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $230K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $230K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $15K | $230K | $1 | — | View 990 |
| 2022 | $5K | $16K | $237K | $1 | — | View 990 |
| 2021 | $4K | $15K | $248K | $1 | — | — |
| 2020 | $4K | $15K | $259K | $1 | — | View 990 |
| 2019 | $7K | $15K | $270K | $1 | — | View 990 |
| 2015 | $150 | $7K | $298K | $0 | — | View 990 |
| 2014 | $7K | $20K | $305K | $0 | — | View 990 |
| 2013 | $4K | $20K | $318K | $0 | — | View 990 |
| 2012 | $137 | $20K | $334K | $0 | — | View 990 |
| 2011 | $170 | $20K | $354K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $15K, and assets of $230K (revenue +55.7% year-over-year).
- 2022: Revenue of $5K, expenses of $16K, and assets of $237K (revenue +45.0% year-over-year).
- 2021: Revenue of $4K, expenses of $15K, and assets of $248K (revenue -15.9% year-over-year).
- 2020: Revenue of $4K, expenses of $15K, and assets of $259K (revenue -35.8% year-over-year).
- 2019: Revenue of $7K, expenses of $15K, and assets of $270K (revenue +4408.0% year-over-year).
- 2015: Revenue of $150, expenses of $7K, and assets of $298K (revenue -98.0% year-over-year).
- 2014: Revenue of $7K, expenses of $20K, and assets of $305K (revenue +82.8% year-over-year).
- 2013: Revenue of $4K, expenses of $20K, and assets of $318K (revenue +2849.6% year-over-year).
- 2012: Revenue of $137, expenses of $20K, and assets of $334K (revenue -19.4% year-over-year).
- 2011: Revenue of $170, expenses of $20K, and assets of $354K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corballis Emergency Medicine Research Fund:
Data Sources and Methodology
This transparency report for Corballis Emergency Medicine Research Fund 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.