The Medical Letter Inc
Nonprofit profile at a glance
- EIN
- 131881832
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Larchmont, NY, USA
- Phone
- 9142350500
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Printing, Publishing
Reported finances
- Revenue
- $4,311,167
- Expenses
- $3,897,732
- Assets
- $4,384,101
- Liabilities
- $2,726,257
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARK ABRAMOWICZ MD (PRESIDENT)
Highest reported compensation
- MARK ABRAMOWICZ MD (PRESIDENT): $320,269 total reported compensation
- JEAN-MARIE PFLOMM (EDITOR IN CHIEF): $289,599 total reported compensation
- JOANNE VALENTINO (EXEC. DIR. - MARKETING & C): $176,480 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 publish "the medical letter," a newsletter distributed every other week on a subscription basis to various professional and student groups.
What it reported doing in 2024
The corporation is an educational organization (section501(c)(3)) which publishes "the medical letter". It is anewsletter which is distributed every other week on asubscription basis to various professionals & studentgroups. There is a circulation of over 100,000.
Operating model
- Revenue model
- Earned-program. 94% 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
MIXED - A large share of available resources goes toward mission work and most filed governance safeguards are in place. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 43
- Accountability: 77
- Sustainability: 43
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.8%; rating input score 77
- Program expense ratio: 86%; rating input score 86
- 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
- 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: 9.6%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 41.9%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -2.7% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -6.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 76.8% of revenue deployed · 86% of spending went to programs
- Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.4M in reported program spending
- Leadership: top reported pay $320K · 12 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $222K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 9 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.