Unicare Medical Solutions Inc
EIN: 820620673 · Rockville, MD · NTEE: B02
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $70K |
| Net Assets | $8K |
Is Unicare Medical Solutions Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Unicare Medical Solutions Inc
Unicare Medical Solutions Inc (EIN: 820620673) is a nonprofit organization based in Rockville, MD, classified under NTEE code B02. The organization reported total revenue of $125K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Unicare Medical Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Unicare Medical Solutions Inc is a small nonprofit that has been operating for 9 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -42.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $70K |
| Surplus / Deficit | +$5K |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | 6.9% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2023, Unicare Medical Solutions Inc reported a surplus of $5K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Unicare Medical Solutions Inc's revenue has declined at a compound annual growth rate (CAGR) of -42.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.2% | -73.7% | +175.8% |
| 2022 | +6.1% | -50.6% | -88.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Unicare Medical Solutions 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 Unicare Medical Solutions 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 surplus of $5K, with revenue exceeding expenses.
Frequently Asked Questions about Unicare Medical Solutions Inc
Is Unicare Medical Solutions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Unicare Medical Solutions Inc (EIN: 820620673) insufficient data. 0 red flags identified, 0 strengths noted.
How does Unicare Medical Solutions Inc spend its money?
Detailed spending breakdown data is not yet available for Unicare Medical Solutions Inc. Check back for updated IRS 990 analysis.
Are donations to Unicare Medical Solutions Inc tax-deductible?
Unicare Medical Solutions Inc is registered as a tax-exempt nonprofit (EIN: 820620673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Unicare Medical Solutions Inc located?
Unicare Medical Solutions Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 820620673. It is classified under NTEE code B02.
How many years of IRS 990 filings does Unicare Medical Solutions Inc have?
Unicare Medical Solutions Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $125K in total revenue.
Filing History
IRS 990 filing history for Unicare Medical Solutions Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Unicare Medical Solutions Inc's revenue has declined by 67.3%, moving from $231K to $75K. Total assets decreased by 67.4% over the same period, from $25K to $8K. Total functional expenses fell by 87%, from $541K to $70K. In its most recent filing year (2023), Unicare Medical Solutions Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $70K | $8K | $0 | — | — |
| 2022 | $245K | $267K | $3K | $0 | — | — |
| 2021 | $231K | $541K | $25K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $70K, and assets of $8K (revenue -69.2% year-over-year).
- 2022: Revenue of $245K, expenses of $267K, and assets of $3K (revenue +6.1% year-over-year).
- 2021: Revenue of $231K, expenses of $541K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Unicare Medical Solutions Inc:
Data Sources and Methodology
This transparency report for Unicare Medical Solutions 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.