Midwest Medical Equipment & Supplies Inc
EIN: 411674021 · Duluth, MN · NTEE: E20
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.3M |
| Net Assets | $-11,890,946 |
Is Midwest Medical Equipment & Supplies Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Medical Equipment & Supplies Inc
Midwest Medical Equipment & Supplies Inc (EIN: 411674021) is a nonprofit organization based in Duluth, MN, classified under NTEE code E20. The organization reported total revenue of $1.8M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Medical Equipment & Supplies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Medical Equipment & Supplies Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-466,963 |
| Total Assets | $4.2M |
| Total Liabilities | $16.1M |
| Net Assets | $-11,890,946 |
| Operating Margin | -25.8% |
| Debt-to-Asset Ratio | 384.8% |
| Months of Reserves | 22.0 months |
Financial Health Grade: C
In 2023, Midwest Medical Equipment & Supplies Inc reported a deficit of $467K with expenses exceeding revenue, holds 22.0 months of operating reserves (strong position), has a debt-to-asset ratio of 384.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midwest Medical Equipment & Supplies Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.2% | -86.6% | -43.3% |
| 2022 | -38.7% | +13.1% | -21.2% |
| 2021 | -12.9% | -8.8% | +27.0% |
| 2020 | -4.1% | +1.2% | +56.3% |
| 2019 | +40.4% | +0.3% | -23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Medical Equipment & Supplies Inc 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 Midwest Medical Equipment & Supplies Inc 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 deficit of $467K, with expenses exceeding revenue.
- Debt-to-asset ratio: 384.8%.
Frequently Asked Questions about Midwest Medical Equipment & Supplies Inc
Is Midwest Medical Equipment & Supplies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Medical Equipment & Supplies Inc (EIN: 411674021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Midwest Medical Equipment & Supplies Inc spend its money?
Detailed spending breakdown data is not yet available for Midwest Medical Equipment & Supplies Inc. Check back for updated IRS 990 analysis.
Are donations to Midwest Medical Equipment & Supplies Inc tax-deductible?
Midwest Medical Equipment & Supplies Inc is registered as a tax-exempt nonprofit (EIN: 411674021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Medical Equipment & Supplies Inc located?
Midwest Medical Equipment & Supplies Inc is headquartered in Duluth, Minnesota and files with the IRS under EIN 411674021. It is classified under NTEE code E20.
How many years of IRS 990 filings does Midwest Medical Equipment & Supplies Inc have?
Midwest Medical Equipment & Supplies Inc has 13 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Midwest Medical Equipment & Supplies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Medical Equipment & Supplies Inc's revenue has declined by 77.8%, moving from $8.1M to $1.8M. Total assets decreased by 45.5% over the same period, from $7.7M to $4.2M. Total functional expenses fell by 70.6%, from $7.7M to $2.3M. In its most recent filing year (2023), Midwest Medical Equipment & Supplies Inc reported a deficit of $467K, with expenses exceeding revenue. The organization holds $16.1M in liabilities against $4.2M in assets (debt-to-asset ratio: 384.8%), resulting in net assets of $-11,890,946.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.3M | $4.2M | $16.1M | — | View 990 |
| 2022 | $7.6M | $17.0M | $7.4M | $18.8M | — | View 990 |
| 2021 | $12.4M | $15.0M | $9.3M | $11.4M | — | — |
| 2020 | $14.3M | $16.5M | $7.4M | $6.7M | — | View 990 |
| 2019 | $14.9M | $16.3M | $4.7M | $1.8M | — | View 990 |
| 2018 | $10.6M | $16.2M | $6.2M | $1.7M | — | View 990 |
| 2017 | $13.8M | $13.5M | $11.4M | $1.1M | — | View 990 |
| 2016 | $12.6M | $12.1M | $11.1M | $1.2M | — | View 990 |
| 2015 | $12.0M | $11.4M | $10.6M | $1.1M | — | View 990 |
| 2014 | $12.0M | $11.0M | $9.9M | $933K | — | View 990 |
| 2013 | $10.8M | $10.4M | $8.9M | $921K | — | View 990 |
| 2012 | $9.1M | $8.7M | $8.3M | $748K | — | View 990 |
| 2011 | $8.1M | $7.7M | $7.7M | $411K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.3M, and assets of $4.2M (revenue -76.2% year-over-year).
- 2022: Revenue of $7.6M, expenses of $17.0M, and assets of $7.4M (revenue -38.7% year-over-year).
- 2021: Revenue of $12.4M, expenses of $15.0M, and assets of $9.3M (revenue -12.9% year-over-year).
- 2020: Revenue of $14.3M, expenses of $16.5M, and assets of $7.4M (revenue -4.1% year-over-year).
- 2019: Revenue of $14.9M, expenses of $16.3M, and assets of $4.7M (revenue +40.4% year-over-year).
- 2018: Revenue of $10.6M, expenses of $16.2M, and assets of $6.2M (revenue -23.6% year-over-year).
- 2017: Revenue of $13.8M, expenses of $13.5M, and assets of $11.4M (revenue +9.6% year-over-year).
- 2016: Revenue of $12.6M, expenses of $12.1M, and assets of $11.1M (revenue +5.2% year-over-year).
- 2015: Revenue of $12.0M, expenses of $11.4M, and assets of $10.6M (revenue +0.4% year-over-year).
- 2014: Revenue of $12.0M, expenses of $11.0M, and assets of $9.9M (revenue +10.9% year-over-year).
- 2013: Revenue of $10.8M, expenses of $10.4M, and assets of $8.9M (revenue +18.5% year-over-year).
- 2012: Revenue of $9.1M, expenses of $8.7M, and assets of $8.3M (revenue +11.7% year-over-year).
- 2011: Revenue of $8.1M, expenses of $7.7M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Medical Equipment & Supplies Inc:
Data Sources and Methodology
This transparency report for Midwest Medical Equipment & Supplies 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.