CENTER FOR MEDICAL INTEROPERABILIT… - 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

2013

Legal Domicile

Principal Officer

ED CANTWELL

Phone

6157300088

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR MEDICAL INTEROPERABILITY INC, founded in 2013, is a small nonprofit in the Health Care sector that reported $280K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 689% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS EXCHANGE OF HEALTHCARE INFORMATION TO IMPROVE PATIENT SAFETY QUALITY OF CARE AND OUTCOMES AND REDUCE CLINICAL BURDEN AND WASTE INCLUDING SUPPORT FOR CARE EXTENDING INTO THE HOME.

Program Service Accomplishments

Program 1

Expenses: $2,101,913 Revenue: $0

THE CENTER FOR MEDICAL INTEROPERABILITY HAS ESTABLISHED A CENTRALIZED LABORATORY TASKED WITH SERVICING AS A NEUTRAL ENVIRONMENT FOR HEALTHCARE PROFESSIONALS AND OTHER STAKEHOLDERS TO IDENTIFY...

THE CENTER FOR MEDICAL INTEROPERABILITY HAS ESTABLISHED A CENTRALIZED LABORATORY TASKED WITH SERVICING AS A NEUTRAL ENVIRONMENT FOR HEALTHCARE PROFESSIONALS AND OTHER STAKEHOLDERS TO IDENTIFY TECHNICAL SOLUTIONS TO THE CHALLENGES ASSOCIATED WITH THE INFRASTRUCTURE OF MEDICAL INTEROPERABILITY. THE PROGRAM GOAL IS TO ESTABLISH AN INFRASTRUCTURE TO SUPPORT PLUG-AND-PLAY HEALTHCARE INTEROPERABILITY WITH RELIABLE DATA SYSTEMS CONNECTIVITY AND THE APPROPRIATE LEVELS OF MEDICAL GRADE DATA SECURITY THUS ENABLING DATA SYSTEMS TO CONNECT SEAMLESSLY EXCHANGE SECURE DATA AND OFFER CLINICIANS THE ABILITY TO USE THE DATA FOR SAFER AND MORE OPTIMIZED HEALTHCARE.

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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 $0

Program Service Revenue $0

Investment Income $11,968

Other Revenue $267,999

TOTAL REVENUE $279,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,440,894

Fundraising Expenses $0

Program Expenses $2,101,913

Other Expenses $768,885

TOTAL EXPENSES $2,209,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,967	$1,035,577	-0.7%
Expenses	$2,209,779	$2,543,456	-0.1%
Net Income	$-1,929,812	$-1,507,879	+0.3%

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

N/A

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

$1,335,512

Total Directors

$930,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKLIN CANTWELL	PRESIDENT AND CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$569,606	$78,907	$648,513
EDWARD MILLER	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$347,814	$56,934	$404,748
N/A	SECRETARY AND CHIEF OPERATING OFFICER	40.00	Officer Director	$243,468	$38,783	$282,251
Dick Green	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
2023	$279,967	$2,209,779	$586,107	$-1,929,812
2022	$1,035,577	$2,543,456	$3,103,742	$-1,507,879
2021	$3,357,458	$3,036,823	$5,104,161	$320,635
2020	$5,308,565	$4,609,855	$5,845,307	$698,710
2019	$6,171,991	$5,955,329	$6,412,441	$216,662
2018	$6,212,206	$6,425,350	$6,239,847	$-213,144

CENTER FOR MEDICAL INTEROPERABILITY INC