Greater Memphis Medical Device Council
EIN: 471555557 · Bartlett, TN · NTEE: S03
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $102K |
| Net Assets | $65K |
Is Greater Memphis Medical Device Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Memphis Medical Device Council
Greater Memphis Medical Device Council (EIN: 471555557) is a nonprofit organization based in Bartlett, TN, classified under NTEE code S03. The organization reported total revenue of $116K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Memphis Medical Device Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Memphis Medical Device Council is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $102K |
| Surplus / Deficit | $-1,964 |
| Total Assets | $85K |
| Total Liabilities | $20K |
| Net Assets | $65K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2024, Greater Memphis Medical Device Council reported a deficit of $2K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.0% | +198.7% | -1.6% |
| 2023 | +111.8% | -13.9% | +1053.4% |
| 2022 | -47.5% | -70.9% | -60.1% |
| 2021 | -43.0% | -1.6% | -47.7% |
| 2020 | +14.0% | -23.4% | +208.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Memphis Medical Device Council 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 Greater Memphis Medical Device Council 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.1%.
Frequently Asked Questions about Greater Memphis Medical Device Council
Is Greater Memphis Medical Device Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Memphis Medical Device Council (EIN: 471555557) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Memphis Medical Device Council spend its money?
Detailed spending breakdown data is not yet available for Greater Memphis Medical Device Council. Check back for updated IRS 990 analysis.
Are donations to Greater Memphis Medical Device Council tax-deductible?
Greater Memphis Medical Device Council is registered as a tax-exempt nonprofit (EIN: 471555557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Memphis Medical Device Council located?
Greater Memphis Medical Device Council is headquartered in Bartlett, Tennessee and files with the IRS under EIN 471555557. It is classified under NTEE code S03.
How many years of IRS 990 filings does Greater Memphis Medical Device Council have?
Greater Memphis Medical Device Council 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 $116K in total revenue.
Filing History
IRS 990 filing history for Greater Memphis Medical Device Council showing financial trends over 10 years of public records:
Total assets increased by 8479600% over the same period, from $1 to $85K. In its most recent filing year (2024), Greater Memphis Medical Device Council reported a deficit of $2K, with expenses exceeding revenue. The organization holds $20K in liabilities against $85K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $100K | $102K | $85K | $20K | — | — |
| 2023 | $108K | $34K | $86K | $19K | — | View 990 |
| 2022 | $51K | $40K | $7K | $14K | — | View 990 |
| 2021 | $97K | $136K | $19K | $36K | — | — |
| 2020 | $170K | $138K | $36K | $14K | — | View 990 |
| 2019 | $149K | $181K | $12K | $21K | — | View 990 |
| 2018 | $182K | $179K | $39K | $17K | — | View 990 |
| 2017 | $64K | $93K | $32K | $13K | — | View 990 |
| 2016 | $59K | $10K | $49K | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $100K, expenses of $102K, and assets of $85K (revenue -7.0% year-over-year).
- 2023: Revenue of $108K, expenses of $34K, and assets of $86K (revenue +111.8% year-over-year).
- 2022: Revenue of $51K, expenses of $40K, and assets of $7K (revenue -47.5% year-over-year).
- 2021: Revenue of $97K, expenses of $136K, and assets of $19K (revenue -43.0% year-over-year).
- 2020: Revenue of $170K, expenses of $138K, and assets of $36K (revenue +14.0% year-over-year).
- 2019: Revenue of $149K, expenses of $181K, and assets of $12K (revenue -18.4% year-over-year).
- 2018: Revenue of $182K, expenses of $179K, and assets of $39K (revenue +184.2% year-over-year).
- 2017: Revenue of $64K, expenses of $93K, and assets of $32K (revenue +9.2% year-over-year).
- 2016: Revenue of $59K, expenses of $10K, and assets of $49K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Memphis Medical Device Council:
Data Sources and Methodology
This transparency report for Greater Memphis Medical Device Council 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.