SOCIETY FOR METABOLIC AND BARIATRIC ENDOSCOPY INCORPORATED

EIN: 472259311 501(c)(3) Education

CHESTNUT HILL, MA

Total Revenue
$332,838
Total Expenses
$420,245
Total Assets
$19,942
Net Assets
$-83,993
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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
2014
Legal Domicile
MA
Principal Officer
MICHELE B RYAN
Phone
6175258266
Tax Period
2023-01-01 to 2023-12-31

SOCIETY FOR METABOLIC AND BARIATRIC ENDOSCOPY INCORPORATED, founded in 2014, is a small nonprofit in the Education sector that reported $333K in total revenue in fiscal year 2023. Revenue surged 10995% from the prior year, signaling strong growth momentum. Expenses of $420K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO BE AN INFORMATIONAL RESOURCE FOR PATIENTS SEEKING ENDOSCOPIC THERAPY FOR WEIGHT-RELATED AND METABOLIC DISEASE. TO ENCOURAGE THE ADVANCEMENT AND DISSEMINATION OF MEDICAL KNOWLEDGE. TO STRIVE FOR PREVENTION AND CURE OF DISEASE AND THE IMPROVEMENT OF PUBLIC HEALTH. TO PROVIDE EFFECTIVE REPRESENTATION FOR THE MEMBERS. TO PROVIDE AN OPPORTUNITY FOR COLLEGIAL ASSOCIATION OF ITS MEMBERS. TO RECEIVE GIFTS AND PROPERTY TO BE USED FOR THE ADVANCEMENT OF AND THE PROMOTION OF ENDOSCOPIC THERAPY OF WEIGHT-RELATED AND METABOLIC DISEASE.

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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 $332,838
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $332,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $417,489
Other Expenses $420,245
TOTAL EXPENSES $420,245

Year-over-Year Comparison

2023 2022 Change
Revenue $332,838 $3,000 +109.9%
Expenses $420,245 $14,740 +27.5%
Net Income $-87,407 $-11,740 +6.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE B RYAN SECRETARY/TREASURER 8.00
Officer Director
$0 $0 $0
NITIN KUMAR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRISTOPHER C THOMPSON PRESIDENT 2.00
Officer 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 $332,838 $420,245 $19,942 $-87,407
2022 $3,000 $14,740 $3,951 $-11,740
2021 $12,000 $11,556 $18,300 $444
2020 $27,500 $10,581 $14,656 $16,919
2019 $164,500 $150,964 $1,576 $13,536
2018 $232,851 $256,026 $3,388 $-23,175
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