High Quality Medical Education
EIN: 824700615 · Afton, MN · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.1M |
| Net Assets | $153K |
Is High Quality Medical Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About High Quality Medical Education
High Quality Medical Education (EIN: 824700615) is a nonprofit organization based in Afton, MN, classified under NTEE code E60. The organization reported total revenue of $2.2M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Quality Medical Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Quality Medical Education is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 1164.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$100K |
| Total Assets | $1.2M |
| Total Liabilities | $1.1M |
| Net Assets | $153K |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 87.3% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, High Quality Medical Education reported a surplus of $100K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 87.3% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), High Quality Medical Education's revenue has grown at a compound annual growth rate (CAGR) of 1164.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1164.2% | +1649.5% | +2219.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for High Quality Medical Education 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 High Quality Medical Education 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.3%.
Frequently Asked Questions about High Quality Medical Education
Is High Quality Medical Education a legitimate charity?
Based on AI analysis of IRS 990 filings, High Quality Medical Education (EIN: 824700615) insufficient data. 0 red flags identified, 0 strengths noted.
How does High Quality Medical Education spend its money?
Detailed spending breakdown data is not yet available for High Quality Medical Education. Check back for updated IRS 990 analysis.
Are donations to High Quality Medical Education tax-deductible?
High Quality Medical Education is registered as a tax-exempt nonprofit (EIN: 824700615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is High Quality Medical Education located?
High Quality Medical Education is headquartered in Afton, Minnesota and files with the IRS under EIN 824700615. It is classified under NTEE code E60.
How many years of IRS 990 filings does High Quality Medical Education have?
High Quality Medical Education has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.2M in total revenue.
Filing History
IRS 990 filing history for High Quality Medical Education showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), High Quality Medical Education's revenue has grown by 1164.2%, moving from $97K to $1.2M. Total assets increased by 2219.2% over the same period, from $52K to $1.2M. Total functional expenses rose by 1649.5%, from $64K to $1.1M. In its most recent filing year (2023), High Quality Medical Education reported a surplus of $100K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 87.3%), resulting in net assets of $153K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $1.2M | $1.1M | — | — |
| 2022 | $97K | $64K | $52K | $277 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Quality Medical Education:
Data Sources and Methodology
This transparency report for High Quality Medical Education 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.