Medical Care Development Incorporated

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Medical Care Development Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals

Medical Care Development Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Medical Care Development Incorporated in one place.

Is Medical Care Development Incorporated Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Medical Care Development Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Medical Care Development Incorporated with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Medical Care Development Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Medical Care Development Incorporated

Medical Care Development Incorporated (EIN: 16022787) is a nonprofit organization based in Hallowell, ME, classified under NTEE code E21Z. The organization reported total revenue of $33.1M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Care Development Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Medical Care Development Incorporated is a large nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Medical Care Development Incorporated reported a deficit of $1.4M with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 71.0% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Medical Care Development Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.

IRS Tax-Exempt Classification

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 Medical Care Development Incorporated with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 8%
• programs: 90%
• fundraising: 2%

According to IRS 990 filings, Medical Care Development Incorporated allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $1.4M, with expenses exceeding revenue.
• Debt-to-asset ratio: 71.0%.

Executive Compensation Analysis

Medical Care Development Incorporated consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $30 million. This suggests either a volunteer executive leadership or compensation structured in a way that is not reported as officer compensation on the 990, warranting further investigation for full clarity.

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 Medical Care Development Incorporated's IRS 990 filings:

• Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may indicate compensation is reported in other categories or that executive leadership is entirely volunteer, requiring further clarification for full transparency.

Strengths

The following positive indicators were identified for Medical Care Development Incorporated:

• Consistent 990 filing history, indicating good transparency and compliance.
• Stable financial operations with revenues generally covering expenses over the long term.
• Relatively low liabilities compared to assets, suggesting financial stability.
• Strong potential for program spending efficiency, given the reported 0% officer compensation.

Frequently Asked Questions about Medical Care Development Incorporated

Filing History

IRS 990 filing history for Medical Care Development Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Medical Care Development Incorporated's revenue has declined by 15.4%, moving from $44.0M to $37.2M. Total assets decreased by 28.3% over the same period, from $20.8M to $14.9M. Total functional expenses fell by 7.8%, from $41.9M to $38.7M. In its most recent filing year (2023), Medical Care Development Incorporated reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $10.6M in liabilities against $14.9M in assets (debt-to-asset ratio: 71.0%), resulting in net assets of $4.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $37.2M, expenses of $38.7M, and assets of $14.9M (revenue +12.7% year-over-year).
• 2022: Revenue of $33.0M, expenses of $34.1M, and assets of $15.9M (revenue +2.0% year-over-year).
• 2021: Revenue of $32.4M, expenses of $32.9M, and assets of $13.1M (revenue -12.6% year-over-year).
• 2020: Revenue of $37.0M, expenses of $35.9M, and assets of $12.5M (revenue +6.9% year-over-year).
• 2019: Revenue of $34.7M, expenses of $34.3M, and assets of $12.3M (revenue -1.3% year-over-year).
• 2018: Revenue of $35.1M, expenses of $34.8M, and assets of $11.6M (revenue +7.3% year-over-year).
• 2017: Revenue of $32.7M, expenses of $36.5M, and assets of $12.3M (revenue -34.0% year-over-year).
• 2016: Revenue of $49.5M, expenses of $49.2M, and assets of $21.3M (revenue +2.3% year-over-year).
• 2015: Revenue of $48.4M, expenses of $47.9M, and assets of $21.6M (revenue +5.1% year-over-year).
• 2014: Revenue of $46.1M, expenses of $45.3M, and assets of $20.9M (revenue +4.6% year-over-year).
• 2013: Revenue of $44.1M, expenses of $43.2M, and assets of $24.5M (revenue +6.3% year-over-year).
• 2012: Revenue of $41.5M, expenses of $40.4M, and assets of $23.4M (revenue -5.8% year-over-year).
• 2011: Revenue of $44.0M, expenses of $41.9M, and assets of $20.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Medical Care Development Incorporated:

Data Sources and Methodology

This transparency report for Medical Care Development Incorporated 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.