Digital Medicine Alliance Inc

Nonprofit profile at a glance

EIN
331466952
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Dover, DE, USA
Phone
7652343463
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$2,249
Expenses
$201,109
Assets
$148,357
Liabilities
$347,217

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Jennifer Goldsack (President)

People named in this filing

  • Jennifer Goldsack (President)
  • Benjamin Vandendriessche (Treasurer)
  • Caryn Davies (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

DiMe Alliance is an association of digital health sector participants that promotes the common business interests of its members and other stakeholders in the digital health industry. These stakeholders include software developers, healthcare providers, health systems, payors, and other sector participants engaged in the development, adoption, and application of digital health technologies. DiMe Alliance advances their collective interests through the establishment and implementation of industry standards, education, and advocacy.

What it reported doing in 2024

DiMe Seal Program: The flagship initiative of DiMe Alliance is the DiMe Seal, a certification program that advances the common business interests of the digital health sector by promoting the adoption of transparent, evidence-based industry standards. The DiMe Seal is awarded to digital health software products that demonstrate performance against a comprehensive, openly-developed framework of best practices, including domains such as clinical evidence, usability, privacy, security, and equity.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 13
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.7%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8,842.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 2.34; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 86.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $174K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.