Mededirect Inc

Nonprofit profile at a glance

EIN
205358015
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Hillsborough, NJ, USA
Phone
9086170176
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$762,114
Expenses
$394,596
Assets
$9,592,274
Liabilities
$7,678,294

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • THOMAS F ZIMMERMAN PHD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • THOMAS F ZIMMERMAN PHD (EXECUTIVE DIRECTOR): $54,000 total reported compensation
  • DANIELLE ARMODIO (ASSOCIATE DIRECTOR): $47,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation is organized and operates exclusively for charitable,

What it reported doing in 2016

Mededirect, inc provides educational activities and resources to assist physicians, pharmacists and other health professionals to continuously improve the effectiveness and safety over their lifetime of practice toward the goal of high quality care of patients. The broad-spectrum target audience is national and international in scope and includes practicing physicians, pharmacists and associated health professionals. Specific education activities and resources are developed to address the defined needs of both geographic and specialty subsets of this broad audience. For the calendar year 2016, a total of 46 accredited activities and 1 non-accredited curriculum development programs were held. The faculty serving these events numbered 72. The total number of health care professionals participating in these events was 1,697. Mededirect, inc. Makes no grants. The three largest programs in 2016 were: 1. Melinta symposium at idweek 2016: there were 54 attendees at the live symposium and an additional 140 participated in the recorded online program. Participants included physicians, nurses, and pharmacists. 2. Achaogen symposium at idweek 2016: there were 43 attendees at the live symposium and an additional 242 participated in the recorded online program. Participants included physicians, nurses, and pharmacists. 3. Tetraphase pharmaceuticals symposium at asm/icaac 2016: there were 111 attendees at the live symposium and an additional 838 participated in the recorded online program. Participants included physicians, nurses, and pharmacists.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 100
  • Accountability: 31
  • Sustainability: 75
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.3%; rating input score 32
  • Program expense ratio: 62.4%; rating input score 62
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 48.2%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 24.31; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 25.7%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -30.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -16.3% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 32.3% of revenue deployed · 62.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $246K in reported program spending
  • Leadership: top reported pay $54K · 3 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.