Meddev Group Inc
Nonprofit profile at a glance
- EIN
- 810653058
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Franklin, MA, USA
- Phone
- 4015958663
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $31,084
- Expenses
- $34,109
- Assets
- $7,349
- Liabilities
- $1,432
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Geoff Moodie (President)
People named in this filing
- Geoff Moodie (President)
- Peter Corash (Treasurer)
- Erin Cosgrove (Board Member)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Foster "start-up" medical device entrepreneurs and company growth, by providing knowledge from industry experts. We also strive to connect entrepreneurs with resources outside of MED DEV Group / MDG Boston including gov resources, and commercial entities (e.g. if a entrepreneur is seeking help finding a small scale injection molder for early prototyping, the team will pool their resources and see if they can identify a few good candidates - no charge or expectation of any form of compensation is expected or accepted)
What it reported doing in 2025
Held 16 Webinar training events durign year. 8 additional events were held in a hybrid format (inperson and online. Online events had mixed success sometimes with as few as 9 attendees, other times with more than 30. In person events typically included 40-63 attendees. Not all online events charged a fee, but all in person events did. Membership and sponsorship tend to increase based on eventss.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27%; rating input score 27
- Program expense ratio: 24.6%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -9.7%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: -17.2% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -2.8% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: -6.9% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 27% of revenue deployed · 24.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $8K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 27/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 12/100.