MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC

EIN: 300211350 501(c)(3) Unknown

ATLANTA, GA

Total Revenue
$173,618
Total Expenses
$110,151
Total Assets
$478,011
Net Assets
$409,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
GA
Principal Officer
KELLY DEGRAFFENREID
Phone
6783039290
Tax Period
2023-01-01 to 2023-12-31

MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC, founded in 2003, is a small nonprofit in the Unknown sector that reported $174K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 37% operating margin.

Mission

TO IMPROVE PATIENT SAFETY AND ACHIEVE CLINICAL IMPROVEMENTS FORGEORGIA PHYSICIANS AND THEIR PATIENTS.

Program Service Accomplishments

Program 1
Expenses: $93,151

MEDICAL ASSOCIATION OF GEORGIA MEDICAL RESERVE CORPS ("MAG MRC")THE MAG MRC RESPONDS TO DECLARED EMERGENCIES IN THE STATE, INCLUDING NATURAL DISASTERS AND DISEASE OUTBREAKS.THE MAG MRC IS PREPARED TO...

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MEDICAL ASSOCIATION OF GEORGIA MEDICAL RESERVE CORPS ("MAG MRC")THE MAG MRC RESPONDS TO DECLARED EMERGENCIES IN THE STATE, INCLUDING NATURAL DISASTERS AND DISEASE OUTBREAKS.THE MAG MRC IS PREPARED TO DEPLOY AND STAFF MOBILE HOSPITALS AND SUPPORT EMERGENCY SHELTERS UNDER THE DIRECTION OF DPH.THE MAG MRC COMPLEMENTS THE OFFICIAL MEDICAL AND PUBLIC HEALTH AND EMERGENCY SERVICES RESOURCES IN THE STATE.THE MAG MRC IS PART OF A STATE AND NATIONAL NETWORK OF MRC. THERE ARE NEARLY 1,000 COMMUNITY-BASED MRC UNITS AND 200,000 MRC VOLUNTEERS IN THE U.S. AND ITS TERRITORIES, INCLUDING 19 MRC UNITS IN GEORGIA.THE MAG MRC HAS RECEIVED GRANTS FROM THE GEORGIA TRAUMA CARE NETWORK AND THE NATIONAL ASSOCIATION OF COUNTY AND CITY HEALTH OFFICIALS.MAG MRC MEMBERS ARE CITIZEN VOLUNTEERS. THE MAG MRC INCLUDES PHYSICIANS AND NON-PHYSICIANS.THE MAG MRC IS A GREAT WAY FOR RESIDENTS AND MEDICAL STUDENTS TO DEVELOP THEIR SKILL SETS AND PROFESSIONAL NETWORKS.THE MAG MRC CONDUCTS MONTHLY CLASSROOM TRAINING AND QUARTERLY DRILLS (E.G., RESPONDING TO MASS CASUALTY EVENTS, SETTING UP MOBILE HOSPITALS, AND PRACTICING AEROMEDICAL TRANSPORTATION AND EVACUATION).MAG MRC MEMBERS PARTICIPATE IN AT LEAST ONE TRAINING EXERCISE A YEAR WHICH NORMALLY LAST ONE TO TWO DAYS.MAG MRC MEMBERS ARE REQUIRED TO REGISTER WITH THE 'GEORGIA RESPONDS: STATE EMERGENCY REGISTRY OF VOLUNTEERS IN GEORGIA' (SERVGA) SYSTEM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $170,000
Program Service Revenue $0
Investment Income $3,618
Other Revenue $0
TOTAL REVENUE $173,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,151
Other Expenses $110,151
TOTAL EXPENSES $110,151

Year-over-Year Comparison

2023 2022 Change
Revenue $173,618 $87,865 +1.0%
Expenses $110,151 $97,137 +0.1%
Net Income $63,467 $-9,272 -7.8%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
75

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
5
$333,050
Total Directors
12
$333,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY M DEGRAFFENREID MD PRESIDENT 0.50
Officer Director
$0 $0 $0
MANOJ H SHAH MD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
ZACHARY LOPATER MD TREASURER 0.50
Officer Director
$0 $0 $0
AARON H DAVIDSON MD SECRETARY 0.50
Officer Director
$0 $0 $0
JEREMY T BONFINI EXECUTIVE DIRECTOR 10.00
Officer Director
$0 $9,750 $333,050
JOHN S HARVEY MD DIRECTOR 0.50
Director
$0 $0 $0
DESPINA DALTON MD DIRECTOR 0.50
Director
$0 $0 $0
MINDY GENTRY MD DIRECTOR 0.50
Director
$0 $0 $0
CHARLES WILMER MD DIRECTOR 0.50
Director
$0 $0 $0
FREDERICK C FLANDRY MD DIRECTOR 0.50
Director
$0 $0 $0
TOM EMERSON DIRECTOR 0.50
Director
$0 $0 $0
MARK HUFFMAN DIRECTOR 0.50
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 $173,618 $110,151 $478,011 $63,467
2022 $87,865 $97,137 $406,016 $-9,272
2021 $171,418 $148,019 $470,089 $23,399
2020 $187,067 $153,141 $464,930 $33,926
2019 $196,964 $146,397 $377,417 $50,567
2018 $248,915 $91,039 $297,230 $157,876
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