Requipment Durable Medical Equipment & Assistive Technology Reuse Program Inc
Nonprofit profile at a glance
- EIN
- 475344439
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Woburn, MA, USA
- Phone
- 5087139690
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Promotion of International Understanding
Reported finances
- Revenue
- $864,902
- Expenses
- $851,013
- Assets
- $299,395
- Liabilities
- $51,425
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- KAREN LANGLEY (PRESIDENT/FORMER CEO)
- KAREN BUREAU (VICE PRESIDENT)
- ADRIANA MALLOZZI (CEO)
Highest reported compensation
- ADRIANA MALLOZZI (CEO): $53,743 total reported compensation
- KAREN LANGLEY (PRESIDENT/FORMER CEO): $29,172 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To increase independence for the individual with a disability or elder through access to free refurbished durable medical equipment and assistive technology for home, community, school or work.
What it reported doing in 2024
Requipment is an equipment reuse program that provides individuals and families in Massachusetts with gently used, refurbished durable medical equipment (dme) and assistive technology (at). The requipment reuse program launched in 2013, with private and state agency funding, with the mission to provide adults, seniors, and families with easy access to quality gently used dme and at to save valuable equipment from ending up in landfills. In october of 2023, the at reuse component of the program launched. Requipment serves as the operational management entity for a state program.through requipment, people with disabilities, including seniors, children, veterans, and those facing housing insecurity or end-of-life challenges, can find refurbished power and manual wheelchairs, scooters, shower chairs, tub seats, and devices to assist activities of daily living. Equipment is provided at no charge and without the hassles of medical insurance or doctor's letters. Requipment's community-based reuse partners accept dme and at donations, refurbish, and deliver items statewide. Requipment provides a much-needed centralized service for giving donated dme and at a useful second life with people who need it. During fiscal year 2025, requipment coordinated the refurbishment and delivery of 2,169 items, valued at an estimated $4.2 million.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 81
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72%; rating input score 72
- Program expense ratio: 73.1%; rating input score 73
- Fundraising efficiency: $0.96 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 6 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 9.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 14.7% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 14.2% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 72% of revenue deployed · 73.1% of spending went to programs
- Governance: 6 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $622K in reported program spending
- Leadership: top reported pay $54K · 8 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- 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: Fundraising efficiency scored 3/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.