Trimedx Foundation Inc
Trimedx Foundation consistently grows assets with no reported officer compensation.
EIN: 201643383 · Indianapolis, IN · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $761K |
| Total Expenses | $294K |
| Program Spending | 85% |
| Net Assets | $3.2M |
| Transparency Score | 90/100 |
Is Trimedx Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trimedx Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trimedx Foundation Inc
Trimedx Foundation Inc (EIN: 201643383) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code P20. The organization reported total revenue of $761K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trimedx Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trimedx Foundation Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $294K |
| Surplus / Deficit | +$119K |
| Total Assets | $3.2M |
| Total Liabilities | $27K |
| Net Assets | $3.2M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 132.2 months |
Financial Health Grade: A
In 2023, Trimedx Foundation Inc reported a surplus of $119K with revenue exceeding expenses, holds 132.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Trimedx Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +43.8% | +14.1% |
| 2022 | -1.6% | +124.1% | -8.2% |
| 2021 | +69.7% | -35.2% | +18.2% |
| 2020 | -43.4% | -31.9% | +16.0% |
| 2019 | +5.5% | +35.9% | +27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Trimedx Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Trimedx Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Trimedx Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated by a related entity, which is highly favorable for directing funds to the mission.
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 Trimedx Foundation Inc's IRS 990 filings:
- Potential for compensation to be paid by a related entity, requiring further investigation for full transparency.
Strengths
The following positive indicators were identified for Trimedx Foundation Inc:
- Consistent asset growth, increasing from $980,655 in 2014 to $3,238,792 in 2023.
- Healthy financial surpluses, with revenues consistently exceeding expenses (e.g., $413,272 revenue vs. $294,036 expenses in 2023).
- Very low liabilities relative to assets, indicating strong financial stability.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for mission.
- Strong program focus implied by low administrative and fundraising costs relative to overall expenses.
Frequently Asked Questions about Trimedx Foundation Inc
Is Trimedx Foundation Inc a legitimate charity?
Trimedx Foundation Inc (EIN: 201643383) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $761K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Trimedx Foundation Inc spend its money?
Trimedx Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Trimedx Foundation Inc tax-deductible?
Trimedx Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201643383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trimedx Foundation Inc's spending goes to programs?
Trimedx Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Trimedx Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Trimedx Foundation Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trimedx Foundation Inc located?
Trimedx Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 201643383. It is classified under NTEE code P20.
How many years of IRS 990 filings does Trimedx Foundation Inc have?
Trimedx Foundation Inc has 14 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 $761K in total revenue.
Is Trimedx Foundation Inc a good charity?
Based on its financial data, Trimedx Foundation Inc appears to be a well-managed charity. It consistently generates more revenue than expenses, leading to significant asset growth from $980,655 in 2014 to $3,238,792 in 2023. The reported 0% officer compensation is also a strong positive indicator of efficient resource allocation.
How has Trimedx Foundation Inc's financial health changed over time?
Trimedx Foundation Inc has shown consistent financial growth. Its assets have more than tripled from $980,655 in 2014 to $3,238,792 in 2023, while liabilities remain very low. Revenue has generally increased, and expenses have been well-controlled, leading to healthy surpluses in most years.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership is either entirely volunteer-based or compensated through a related entity, which is a very positive sign for donor funds being used directly for programs.
Filing History
IRS 990 filing history for Trimedx Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Trimedx Foundation Inc's revenue has grown by 32.4%, moving from $312K to $413K. Total assets increased by 624.4% over the same period, from $447K to $3.2M. Total functional expenses rose by 15.9%, from $254K to $294K. In its most recent filing year (2023), Trimedx Foundation Inc reported a surplus of $119K, with revenue exceeding expenses. The organization holds $27K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $413K | $294K | $3.2M | $27K | — | — |
| 2022 | $403K | $204K | $2.8M | $7K | — | View 990 |
| 2021 | $409K | $91K | $3.1M | $3K | — | View 990 |
| 2020 | $241K | $141K | $2.6M | $2K | — | — |
| 2019 | $426K | $207K | $2.3M | $3K | — | View 990 |
| 2018 | $404K | $152K | $1.8M | $10K | — | View 990 |
| 2017 | $291K | $144K | $1.8M | $13K | — | — |
| 2016 | $267K | $85K | $1.5M | $23K | — | View 990 |
| 2015 | $315K | $59K | $1.2M | $5K | — | View 990 |
| 2014 | $238K | $105K | $981K | $20K | — | View 990 |
| 2013 | $204K | $93K | $827K | $37K | — | View 990 |
| 2012 | $193K | $69K | $613K | $5K | — | View 990 |
| 2011 | $540K | $463K | $533K | $46K | — | View 990 |
| 2010 | $312K | $254K | $447K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $413K, expenses of $294K, and assets of $3.2M (revenue +2.6% year-over-year).
- 2022: Revenue of $403K, expenses of $204K, and assets of $2.8M (revenue -1.6% year-over-year).
- 2021: Revenue of $409K, expenses of $91K, and assets of $3.1M (revenue +69.7% year-over-year).
- 2020: Revenue of $241K, expenses of $141K, and assets of $2.6M (revenue -43.4% year-over-year).
- 2019: Revenue of $426K, expenses of $207K, and assets of $2.3M (revenue +5.5% year-over-year).
- 2018: Revenue of $404K, expenses of $152K, and assets of $1.8M (revenue +39.1% year-over-year).
- 2017: Revenue of $291K, expenses of $144K, and assets of $1.8M (revenue +8.9% year-over-year).
- 2016: Revenue of $267K, expenses of $85K, and assets of $1.5M (revenue -15.2% year-over-year).
- 2015: Revenue of $315K, expenses of $59K, and assets of $1.2M (revenue +32.2% year-over-year).
- 2014: Revenue of $238K, expenses of $105K, and assets of $981K (revenue +16.7% year-over-year).
- 2013: Revenue of $204K, expenses of $93K, and assets of $827K (revenue +6.1% year-over-year).
- 2012: Revenue of $193K, expenses of $69K, and assets of $613K (revenue -64.4% year-over-year).
- 2011: Revenue of $540K, expenses of $463K, and assets of $533K (revenue +73.1% year-over-year).
- 2010: Revenue of $312K, expenses of $254K, and assets of $447K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trimedx Foundation Inc:
Data Sources and Methodology
This transparency report for Trimedx Foundation 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.