Prevent Medical Error Inc
Prevent Medical Error Inc. reports $0 revenue and assets in its latest filing, indicating cessation of operations.
EIN: 203596007 · Portland, ME · NTEE: H90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $241K |
| Program Spending | 100% |
| Net Assets | $107K |
| Transparency Score | 60/100 |
Is Prevent Medical Error Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prevent Medical Error Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prevent Medical Error Inc
Prevent Medical Error Inc (EIN: 203596007) is a nonprofit organization based in Portland, ME, classified under NTEE code H90. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prevent Medical Error Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prevent Medical Error Inc is a small nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 54.4%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $241K |
| Surplus / Deficit | $-111,928 |
| Total Assets | $108K |
| Total Liabilities | $886 |
| Net Assets | $107K |
| Operating Margin | -86.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2014, Prevent Medical Error Inc reported a deficit of $112K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Prevent Medical Error Inc's revenue has grown at a compound annual growth rate (CAGR) of 54.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -30.6% | +538.9% | -51.8% |
| 2013 | +367.6% | -23.6% | +141.8% |
| 2012 | +13.3% | +21.4% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Prevent Medical Error Inc with a Mission Score of 60 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Prevent Medical Error Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating that no executive compensation was paid, which is highly favorable for a nonprofit of its size.
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 Prevent Medical Error Inc's IRS 990 filings:
- Cessation of operations indicated by $0 revenue and assets in latest filing
- Significant deficit in 2014 where expenses ($241,293) far exceeded revenue ($129,365)
Strengths
The following positive indicators were identified for Prevent Medical Error Inc:
- No executive compensation reported across all filings
- Strong surplus in 2013 with revenue of $186,318 against expenses of $37,766
Frequently Asked Questions about Prevent Medical Error Inc
Is Prevent Medical Error Inc a legitimate charity?
Prevent Medical Error Inc (EIN: 203596007) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 4 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Prevent Medical Error Inc spend its money?
Prevent Medical Error Inc directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Prevent Medical Error Inc tax-deductible?
Prevent Medical Error Inc is registered as a tax-exempt nonprofit (EIN: 203596007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Prevent Medical Error Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Prevent Medical Error Inc is above average for NTEE category H90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prevent Medical Error Inc located?
Prevent Medical Error Inc is headquartered in Portland, Maine and files with the IRS under EIN 203596007. It is classified under NTEE code H90.
How many years of IRS 990 filings does Prevent Medical Error Inc have?
Prevent Medical Error Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Prevent Medical Error Inc. still operating?
Based on the latest IRS 990 data showing $0 in revenue and assets, Prevent Medical Error Inc. appears to have ceased operations.
How did the organization manage its finances historically?
Historically, the organization had inconsistent financial performance, with a significant deficit in 2014 (expenses $241,293 vs. revenue $129,365) and a large surplus in 2013 (revenue $186,318 vs. expenses $37,766).
Did the organization pay its officers?
No, the organization reported 0% officer compensation in all available IRS 990 filings.
Filing History
IRS 990 filing history for Prevent Medical Error Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Prevent Medical Error Inc's revenue has grown by 267.8%, moving from $35K to $129K. Total assets decreased by 4.4% over the same period, from $113K to $108K. Total functional expenses rose by 492.5%, from $41K to $241K. In its most recent filing year (2014), Prevent Medical Error Inc reported a deficit of $112K, with expenses exceeding revenue. The organization holds $886 in liabilities against $108K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $107K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $129K | $241K | $108K | $886 | — | View 990 |
| 2013 | $186K | $38K | $224K | $5K | — | View 990 |
| 2012 | $40K | $49K | $93K | $23K | — | View 990 |
| 2011 | $35K | $41K | $113K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $129K, expenses of $241K, and assets of $108K (revenue -30.6% year-over-year).
- 2013: Revenue of $186K, expenses of $38K, and assets of $224K (revenue +367.6% year-over-year).
- 2012: Revenue of $40K, expenses of $49K, and assets of $93K (revenue +13.3% year-over-year).
- 2011: Revenue of $35K, expenses of $41K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prevent Medical Error Inc:
Data Sources and Methodology
This transparency report for Prevent Medical Error 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.