National Medical Fellowships Inc

National Medical Fellowships Inc. experiences revenue volatility and deficit spending in 2023, despite strong asset growth.

EIN: 10963657 · Alexandria, VA · NTEE: E80 · Updated: 2026-03-27

$6.4MRevenue

$9.8MAssets

75/100Mission Score (Good)

E80

About National Medical Fellowships Inc

National Medical Fellowships Inc (EIN: 10963657) is a nonprofit organization based in Alexandria, VA, classified under NTEE code E80. The organization reported total revenue of $6.4M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Medical Fellowships Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

National Medical Fellowships Inc. demonstrates a fluctuating financial landscape over the past several years. While the organization reported a significant revenue spike to $17,808,122 in 2022, its most recent filing for 2023 shows revenue at $5,441,202, which is less than its expenses of $8,151,136, indicating a deficit spending year. This pattern of revenue volatility and occasional deficit spending, as seen in 2023, 2020, 2018, 2017, 2016, 2015, and 2014, suggests a need for more consistent financial planning or diversified funding streams to ensure long-term stability. The organization's assets have grown substantially, reaching $14,600,690 in 2023, which provides a buffer against these fluctuations.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice is commendable and suggests a lean operational approach at the leadership level.

Overall, while the organization exhibits strong transparency regarding executive compensation, its financial health shows periods of significant revenue growth followed by contractions and deficit spending. The substantial asset base provides some resilience, but a clearer picture of spending allocation would further enhance the assessment of its efficiency and program focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates National Medical Fellowships Inc with a Mission Score of 75 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, National Medical Fellowships Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is a highly positive sign for financial stewardship and transparency.

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 National Medical Fellowships Inc's IRS 990 filings:

Consistent deficit spending in multiple years (e.g., 2023, 2020, 2018, 2017, 2016, 2015, 2014) where expenses exceeded revenue.
Significant year-over-year revenue volatility, making financial planning potentially challenging.

Strengths

The following positive indicators were identified for National Medical Fellowships Inc:

Consistent 0% officer compensation, indicating strong financial stewardship at the leadership level.
Substantial growth in assets, reaching $14,600,690 in 2023, providing a strong financial reserve.
Demonstrated ability to attract significant funding, as evidenced by the $17,808,122 revenue in 2022.

Frequently Asked Questions about National Medical Fellowships Inc

Is National Medical Fellowships Inc. financially stable given its fluctuating revenues?

While the organization has experienced significant revenue fluctuations, including a deficit in 2023 where expenses ($8,151,136) exceeded revenue ($5,441,202), its substantial asset base of $14,600,690 in 2023 provides a degree of financial stability and resilience against these variations.

How does the 0% officer compensation impact the organization's financial health?

The consistent reporting of 0% officer compensation is a strong positive indicator, suggesting that funds are being directed towards the organization's mission rather than executive salaries, which enhances financial efficiency and donor confidence.

What caused the significant revenue increase in 2022 to $17,808,122?

The provided data does not specify the exact cause of the revenue spike in 2022. It could be attributed to a large grant, a successful fundraising campaign, or a significant one-time donation. Further investigation into the detailed 990 filing for that year would be needed to determine the source.

Is the organization effectively managing its expenses?

The organization has experienced several years where expenses exceeded revenue (e.g., 2023, 2020, 2018, 2017, 2016, 2015, 2014). While the asset base provides a cushion, consistent deficit spending could indicate challenges in expense management relative to incoming funds, or strategic investments in programs.

Filing History

IRS 990 filing history for National Medical Fellowships Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), National Medical Fellowships Inc's revenue has grown by 55.5%, moving from $3.5M to $5.4M. Total assets increased by 366.5% over the same period, from $3.1M to $14.6M. Total functional expenses rose by 404.7%, from $1.6M to $8.2M. In its most recent filing year (2023), National Medical Fellowships Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $3.4M in liabilities against $14.6M in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $11.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.4M	$8.2M	$14.6M	$3.4M	—	—
2022	$17.8M	$7.8M	$16.9M	$2.9M	—	View 990
2021	$5.9M	$4.4M	$7.6M	$3.0M	—	View 990
2020	$3.6M	$3.7M	$5.0M	$1.9M	—	View 990
2019	$5.6M	$3.8M	$4.0M	$843K	—	View 990
2018	$3.6M	$4.0M	$2.3M	$857K	—	View 990
2017	$3.4M	$3.7M	$2.4M	$673K	—	View 990
2016	$3.4M	$3.6M	$2.8M	$734K	—	View 990
2015	$2.9M	$4.2M	$2.8M	$460K	—	View 990
2014	$2.2M	$3.8M	$4.1M	$436K	—	View 990
2013	$1.2M	$3.2M	$5.7M	$435K	—	View 990
2012	$7.3M	$2.5M	$7.8M	$488K	—	View 990
2011	$3.5M	$1.6M	$3.1M	$619K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.4M, expenses of $8.2M, and assets of $14.6M (revenue -69.4% year-over-year).
2022: Revenue of $17.8M, expenses of $7.8M, and assets of $16.9M (revenue +199.5% year-over-year).
2021: Revenue of $5.9M, expenses of $4.4M, and assets of $7.6M (revenue +66.3% year-over-year).
2020: Revenue of $3.6M, expenses of $3.7M, and assets of $5.0M (revenue -35.8% year-over-year).
2019: Revenue of $5.6M, expenses of $3.8M, and assets of $4.0M (revenue +53.4% year-over-year).
2018: Revenue of $3.6M, expenses of $4.0M, and assets of $2.3M (revenue +7.6% year-over-year).
2017: Revenue of $3.4M, expenses of $3.7M, and assets of $2.4M (revenue +0.1% year-over-year).
2016: Revenue of $3.4M, expenses of $3.6M, and assets of $2.8M (revenue +16.0% year-over-year).
2015: Revenue of $2.9M, expenses of $4.2M, and assets of $2.8M (revenue +34.3% year-over-year).
2014: Revenue of $2.2M, expenses of $3.8M, and assets of $4.1M (revenue +80.5% year-over-year).
2013: Revenue of $1.2M, expenses of $3.2M, and assets of $5.7M (revenue -83.6% year-over-year).
2012: Revenue of $7.3M, expenses of $2.5M, and assets of $7.8M (revenue +108.8% year-over-year).
2011: Revenue of $3.5M, expenses of $1.6M, and assets of $3.1M.

Data Sources and Methodology

This transparency report for National Medical Fellowships 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.