WOBURN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
REQUIPMENT IS AN EQUIPMENT REUSE PROGRAM THAT PROVIDES INDIVIDUALS AND FAMILIES IN MASSACHUSETTS WITH GENTLY USED, REFURBISHED DURABLE MEDICAL EQUIPMENT (DME) AND ASSISTIVE TECHNOLOGY (AT). THE...
REQUIPMENT IS AN EQUIPMENT REUSE PROGRAM THAT PROVIDES INDIVIDUALS AND FAMILIES IN MASSACHUSETTS WITH GENTLY USED, REFURBISHED DURABLE MEDICAL EQUIPMENT (DME) AND ASSISTIVE TECHNOLOGY (AT). THE REQUIPMENT REUSE PROGRAM LAUNCHED IN 2013, WITH PRIVATE AND STATE AGENCY FUNDING, WITH THE MISSION TO PROVIDE ADULTS, SENIORS AND FAMILIES WITH EASY ACCESS TO QUALITY GENTLY USED DME AND TO SAVE VALUABLE EQUIPMENT FROM ENDING UP IN LANDFILLS.THROUGH REQUIPMENT, PEOPLE WITH DISABILITIES AND SENIORS CAN FIND REFURBISHED POWER AND MANUAL WHEELCHAIRS, SCOOTERS, SHOWER CHAIRS, TUB SEATS AND DEVICES TO ASSIST THEM TO LIVE SAFER AND MORE INDEPENDENTLY IN THEIR COMMUNITY. EQUIPMENT IS PROVIDED AT NO CHARGE AND WITHOUT THE HASSLES OF MEDICAL INSURANCE OR DOCTOR'S LETTERS. REQUIPMENT'S COMMUNITY-BASED REUSE PARTNERS ACCEPT DME DONATIONS, REFURBISH AND DELIVER ITEMS STATEWIDE. REQUIPMENT PROVIDES A MUCH-NEEDED CENTRALIZED SERVICE FOR GIVING DONATED DME AND AT A USEFUL SECOND LIFE WITH PEOPLE WHO NEED IT. DURING FY 2024, REQUIPMENT COORDINATED THE REFURBISHMENT AND DELIVERY OF 2,019 ITEMS WITH AN ESTIMATED VALUE OF $3.2 MILLION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare REQUIPMENT DURABLE MEDICAL EQUIPMENT & ASSISTIVE TECHNOLOGY REUSE PROGRAM INC with other nonprofits in Massachusetts and across the country.