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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Tuckman-Chang Vulnerability Assessment

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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 $249K in total revenue in fiscal year 2018. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 63% operating margin.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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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Liquidity & Cash Position

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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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