REQUIPMENT DURABLE MEDICAL EQUIPMENT & ASSISTIVE TECHNOLOGY REUSE PROGRAM INC

EIN: 475344439 501(c)(3) International Affairs

WOBURN, MA

Total Revenue
$829,462
Total Expenses
$753,392
Total Assets
$323,123
Net Assets
$234,081
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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
2015
Legal Domicile
MA
Principal Officer
ADRIANA MALLOZZI
Phone
5087139690
Tax Period
2023-07-01 to 2024-06-30

REQUIPMENT DURABLE MEDICAL EQUIPMENT & ASSISTIVE TECHNOLOGY REUSE PROGRAM INC, founded in 2015, is a small nonprofit in the International Affairs sector that reported $829K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $753K left a modest 9% surplus.

Mission

TO INCREASE INDEPENDENCE FOR THE INDIVIDUAL WITH A DISABILITY OR ELDER THROUGH ACCESS TO FREE REFURBISHED DURABLE MEDICAL EQUIPMENT AND ASSISTIVE TECHNOLOGY FOR HOME, COMMUNITY, SCHOOL OR WORK.

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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 $40,424
Program Service Revenue $788,058
Investment Income $980
Other Revenue $0
TOTAL REVENUE $829,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $444,570
Fundraising Expenses $17,958
Program Expenses $588,821
Other Expenses $308,822
TOTAL EXPENSES $753,392

Year-over-Year Comparison

2023 2022 Change
Revenue $829,462 $660,341 +0.3%
Expenses $753,392 $636,991 +0.2%
Net Income $76,070 $23,350 +2.3%
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

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Governance

Voting Members
7
Independent Members
6
Employees
14
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
5
$62,081
Total Directors
8
$62,081
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN LANGLEY CURRENT PRESIDENT/FORMER CEO 37.50
Officer Director
$62,081 $0 $62,081
ADRIANA MALLOZZI CEO 37.50
Officer
$0 $0 $0
KAREN BUREAU VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHAEL KENNEDY TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS MURPHY CLERK 1.00
Officer Director
$0 $0 $0
WANDA SANTOS BOARD MEMBER 1.00
Director
$0 $0 $0
DESIREE FORTE BOARD MEMBER 1.00
Director
$0 $0 $0
NOELLE BALUTIS BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH TRINGALI FORMER BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 $829,462 $753,392 $323,123 $76,070
2023 $660,341 $636,991 $214,216 $23,350
2022 $544,796 $554,779 $184,612 $-9,983
2021 $497,714 $487,013 $196,796 $10,701
2020 $493,716 $456,955 $175,683 $36,761
2019 $497,013 $432,357 $144,289 $64,656
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