MED-ADITUS INTERNATIONAL INC

EIN: 844097890 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$215,577
Total Expenses
$229,194
Total Assets
$65,958
Net Assets
$-109,818
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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
2020
Legal Domicile
NC
Principal Officer
DHIREN THAKKER
Phone
9196066688
Tax Period
2023-01-01 to 2023-12-31

MED-ADITUS INTERNATIONAL INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $216K in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum.

Mission

WE SEEK TO PARTNER WITH SUB-SAHARAN AFRICAN NATIONS, INTERNATIONAL AGENCIES, AND PRIVATE SECTOR ORGANIZATIONS TO BUILD A STATE-OF-THE-ART PHARMACEUTICAL PRODUCT DEVELOPMENT AND MANUFACTURING FACILITY AND A SECURE DISTRIBUTION NETWORK, WITH THE END GOAL OF IMPROVING PATIENTS' ACCESS TO AFFORDABLE HIGH-QUALITY MEDICINES. THIS ENDEAVOR WILL BE A STEPPING STONE TO BUILDING THE TECHNICAL CAPABILITIES AND HUMAN CAPACITY REQUIRED FOR SUSTAINED ACCESS TO LOCALLY-MANUFACTURED MEDICINES. WE ALSO AIM TO FORGE STRATEGIC PARTNERSHIPS WITH LOCAL GOVERNMENTS AND ACADEMIC INSTITUTIONS TO DEVELOP TARGETED EDUCATION AND TRAINING PROGRAMS THAT WILL FACILITATE THE GROWTH OF A KNOWLEDGEABLE AND TALENTED WORKFORCE.

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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 $215,577
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $215,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,122
Other Expenses $229,194
TOTAL EXPENSES $229,194

Year-over-Year Comparison

2023 2022 Change
Revenue $215,577 $111,439 +0.9%
Expenses $229,194 $183,651 +0.2%
Net Income $-13,617 $-72,212 -0.8%
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

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
10
Independent Members
10
Employees
N/A
Volunteers
90

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DHIREN R THAKKER PHD FOUNDING PRESIDENT/CEO 1.00
Officer Director
$0 $0 $0
W MARK CROWELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT A BLOUIN PHARMD DIRECTOR 1.00
Director
$0 $0 $0
PAPE GAYE DIRECTOR 1.00
Director
$0 $0 $0
RONALD P STRAUSS DMD PHD DIRECTOR 1.00
Director
$0 $0 $0
BRENDA BROWN SCHOONOVER DIRECTOR 1.00
Director
$0 $0 $0
NGOZI BELL DIRECTOR 1.00
Director
$0 $0 $0
P KAY WAGONER PHD DIRECTOR 1.00
Director
$0 $0 $0
STEVE HAMMOND DIRECTOR 1.00
Director
$0 $0 $0
JASON CROSS PHD JD DIRECTOR 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
2024 No data No data No data No data
2023 $215,577 $229,194 $65,958 $-13,617
2022 $111,439 $183,651 $11,344 $-72,212
2021 $209,674 $234,579 $68,916 $-24,905
2020 $127,200 $126,284 $26,133 $916
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