CENTER FOR MEDICINE IN THE PUBLIC … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

PETER PITTS

Phone

2124179169

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR MEDICINE IN THE PUBLIC INTEREST, founded in 2006, is a small nonprofit in the Diseases & Disorders sector that reported $535K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $516K left a modest 4% surplus.

Mission

THE COMMUNICATION OF IDEAS THAT FOCUS ON UNDERSTANDING MEDICAL INNOVATION TO EFFECT CHANGE IN PUBLIC HEALTH CARE POLICY,SPONSOR PROGRAMS,MEETINGS AND STUDIES UTILIZING THE INTERNET TO MAKE RESEARCH ACCESIBLE THROUGH BLOGS, STUDIES, REPORTS AND PODCASTS.

Program Service Accomplishments

Program 1

Expenses: $411,141

THE ORGANIZATION PARTICIPATED IN CONFERENCES AND MEETINGS INCLUDING:PPMD DUCHENNE HEALTHCARE PROFESSIONALS SUMMIT, NEW YORKRARE DISEASE SUMMIT, BOSTONTUFTS UNIVERSITY LECTURE ON FDA REGULATED...

THE ORGANIZATION PARTICIPATED IN CONFERENCES AND MEETINGS INCLUDING:PPMD DUCHENNE HEALTHCARE PROFESSIONALS SUMMIT, NEW YORKRARE DISEASE SUMMIT, BOSTONTUFTS UNIVERSITY LECTURE ON FDA REGULATED COMMUNICATIONSTESTIMONY BEFORE US INTERNATIONAL TRADE COMMISSION ON COVID IP, WASHINGTON, DCFDLI PANEL ON ACCELERATED APPROVALS, WASHINGTON, DCORPHAN DRUG CONGRESS, WASHINGTON, DCFDA AND ADVANCING REAL WORLD EVIDENCE, NYU SCHOOL OF MEDICINE, NEW YORKGLOBAL COMPASSIONATE CARE POLICY CONFERENCE, LONDON, UK

Program 2

RESEARCH REPORTS: CMPI CONDUCTS RESEARCH WHICH ADDRESSES RECOMMENDATIONS TO ESTABLISH NEW PATHWAYS FOR THE FASTER COMMERCIALIZATION OF TOOLS AND TECHNOLOGIES THAT DELIVER PERSONALIZED MEDICINE AND...

RESEARCH REPORTS: CMPI CONDUCTS RESEARCH WHICH ADDRESSES RECOMMENDATIONS TO ESTABLISH NEW PATHWAYS FOR THE FASTER COMMERCIALIZATION OF TOOLS AND TECHNOLOGIES THAT DELIVER PERSONALIZED MEDICINE AND PROMOTE AMERICAN COMPETITIVENESS IN MEDICAL INNOVATION. PUBLISHED REPORTS IN 2022 INCLUDE:340B AND THE WARPED RHETORIC OF HEALTHCARE COMPASSION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $535,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $535,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,796

Fundraising Expenses $52,579

Program Expenses $411,141

Other Expenses $135,820

TOTAL EXPENSES $515,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,000	$595,000	-0.1%
Expenses	$515,616	$540,886	0.0%
Net Income	$19,384	$54,114	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$248,494

Total Directors

$353,447

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER PITTS	President	40.00	Officer Director	$184,844	$0	$184,844
MARIO A COLUCCIO	MANAGING DIR.	40.00	Director	$104,953	$0	$104,953
ROBERT GOLDBERG	VP & Treasurer	40.00	Officer Director	$63,650	$0	$63,650
DR MICHAEL WEBER	Chairman	1.00	Officer Director	$0	$0	$0
STEVE SAMMUT	Director	1.00	Director	$0	$0	$0
MARK THORNTON	Director	1.00	Director	$0	$0	$0
RICHARD BAGGER	Director	40.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$535,000	$515,616	$168,328	$19,384
2022	$595,000	$540,886	$133,447	$54,114
2021	$489,910	$540,325	$81,281	$-50,415
2020	$464,000	$553,614	$198,008	$-89,614
2019	$545,000	$609,896	$192,561	$-64,896
2018	$714,553	$733,734	$315,546	$-19,181

CENTER FOR MEDICINE IN THE PUBLIC INTEREST