Medarva Imaging
Nonprofit profile at a glance
- EIN
- 542040968
- IRS 990 coverage
- 2012–2022
- Forms available
- Form 990 2022
- Location
- Richmond, VA, USA
- Phone
- 8045459434
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,604,223
- Expenses
- $1,768,041
- Assets
- $4,383,830
- Liabilities
- $6,676,920
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- BRUCE KUPPER (CEO)
- TAYLAN BOZKURT (CEO)
Highest reported compensation
- BRUCE KUPPER (CEO): $330,154 total reported compensation
- JOHN HEADLEY (CFO): $241,436 total reported compensation
- TAYLAN BOZKURT (CEO): $176,476 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was created to support the exempt purpose of richmond eye and ear healthcare alliance to resore and enrich lives through health technology, education, and by operating a diagnostic imaging center serving patients in greater richmond and the surrounding areas.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 82% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 72
- Accountability: 42
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.9%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: Limited
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.2%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 2.48; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 1.52; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 32.8% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 34% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 41.5% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.9% of spending went to programs
- Governance: 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $330K · 17 people listed · 1 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 7 filing years from 2012 to 2022
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 59/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.