Southeastern Medical Device Association Inc
Southeastern Medical Device Association Inc operates with minimal assets and no officer compensation, showing recent surpluses after years of deficits.
EIN: 201556655 · Roswell, GA · NTEE: H03 · Updated: 2026-03-28
Is Southeastern Medical Device Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeastern Medical Device Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeastern Medical Device Association Inc
Southeastern Medical Device Association Inc (EIN: 201556655) is a nonprofit organization based in Roswell, GA, classified under NTEE code H03. The organization reported total revenue of $359K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Medical Device Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Medical Device Association Inc is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $319K |
| Surplus / Deficit | +$41K |
| Total Assets | $4K |
| Total Liabilities | $1K |
| Net Assets | $3K |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 0.2 months |
Financial Health Grade: A
In 2019, Southeastern Medical Device Association Inc reported a surplus of $41K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 9 years of filings (2011–2019), Southeastern Medical Device Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +14.2% | +2.7% | -81.9% |
| 2018 | +5.1% | -5.2% | +2.4% |
| 2017 | -12.7% | -15.4% | -28.0% |
| 2016 | +27.1% | +15.0% | -75.9% |
| 2015 | +5.6% | +34.7% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Southeastern Medical Device Association Inc with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Southeastern Medical Device Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
Southeastern Medical Device Association Inc consistently reports 0% officer compensation across all nine available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for minimizing administrative overhead.
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 Southeastern Medical Device Association Inc's IRS 990 filings:
- Significant decline in assets from $228,207 in 2011 to $4,097 in 2019, indicating potential long-term financial instability or asset depletion.
- Low asset base ($4,097) relative to annual revenue ($359,275) suggests minimal financial reserves and high reliance on current funding.
- History of operational deficits in multiple years (2017, 2016, 2015, 2013) indicates periods where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Southeastern Medical Device Association Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
- Recent operational surpluses in 2019 ($40,738) and 2018 ($4,465) indicate improved financial management and ability to cover current expenses.
- Long operational history with 9 filings available, suggesting a stable presence in its sector.
Frequently Asked Questions about Southeastern Medical Device Association Inc
Is Southeastern Medical Device Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Medical Device Association Inc (EIN: 201556655) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Southeastern Medical Device Association Inc spend its money?
Southeastern Medical Device Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeastern Medical Device Association Inc tax-deductible?
Southeastern Medical Device Association Inc is registered as a tax-exempt nonprofit (EIN: 201556655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have the organization's assets decreased so dramatically from $228,207 in 2011 to $4,097 in 2019?
The significant decline in assets suggests either a strategic decision to liquidate assets, a period of sustained operational losses that depleted reserves, or a change in accounting practices. Further investigation into the organization's balance sheets and statements of cash flow would be needed to determine the exact cause.
How does SEMDA manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that is not reported as officer compensation on the 990, such as through a related management entity. This is a strong indicator of dedication to mission and minimizing overhead.
What is the long-term financial sustainability given the low asset base relative to annual revenue?
With assets of only $4,097 against annual revenue of $359,275 in 2019, SEMDA has very limited financial reserves. This indicates a high reliance on current period revenue to cover expenses, which could make the organization vulnerable to fluctuations in funding or unexpected costs.
Filing History
IRS 990 filing history for Southeastern Medical Device Association Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Southeastern Medical Device Association Inc's revenue has grown by 148.3%, moving from $145K to $359K. Total assets decreased by 98.2% over the same period, from $228K to $4K. Total functional expenses rose by 115.6%, from $148K to $319K. In its most recent filing year (2019), Southeastern Medical Device Association Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $1K in liabilities against $4K in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $359K | $319K | $4K | $1K | — | View 990 |
| 2018 | $315K | $310K | $23K | $60K | — | View 990 |
| 2017 | $299K | $327K | $22K | $64K | — | View 990 |
| 2016 | $343K | $387K | $31K | $45K | — | View 990 |
| 2015 | $270K | $336K | $128K | $98K | — | View 990 |
| 2014 | $256K | $250K | $110K | $14K | — | View 990 |
| 2013 | $211K | $275K | $108K | $18K | — | View 990 |
| 2012 | $203K | $209K | $224K | $70K | — | View 990 |
| 2011 | $145K | $148K | $228K | $68K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $359K, expenses of $319K, and assets of $4K (revenue +14.2% year-over-year).
- 2018: Revenue of $315K, expenses of $310K, and assets of $23K (revenue +5.1% year-over-year).
- 2017: Revenue of $299K, expenses of $327K, and assets of $22K (revenue -12.7% year-over-year).
- 2016: Revenue of $343K, expenses of $387K, and assets of $31K (revenue +27.1% year-over-year).
- 2015: Revenue of $270K, expenses of $336K, and assets of $128K (revenue +5.6% year-over-year).
- 2014: Revenue of $256K, expenses of $250K, and assets of $110K (revenue +21.1% year-over-year).
- 2013: Revenue of $211K, expenses of $275K, and assets of $108K (revenue +4.1% year-over-year).
- 2012: Revenue of $203K, expenses of $209K, and assets of $224K (revenue +40.1% year-over-year).
- 2011: Revenue of $145K, expenses of $148K, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Medical Device Association Inc:
Data Sources and Methodology
This transparency report for Southeastern Medical Device Association 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.