New England Medical Equipment Dealers
- Assets
- $364.3k
- Revenue
- $225.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Atkinson, NH
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 04-3024145
Organization Overview
New England Medical Equipment Dealers is located in Atkinson, NH. The organization was established in 1989. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, New England Medical Equipment Dealers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Medical Equipment Dealers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, New England Medical Equipment Dealers generated $225.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $143.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND IMPROVE THE COMMON INTEREST AND BUSINESS CONDITIONS OF MEDICAL EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND IMPROVE THE COMMON INTEREST AND BUSINESS CONDITIONS OF MEDICAL EQUIPMENT.
TO PROMOTE AND IMPROVE THE COMMON INTEREST AND BUSINESS CONDITIONS OF MEDICAL EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Morin President & | OfficerTrustee | 40 | $79,130 |
Cathy Hamilton President & | Officer | 40 | $18,606 |
Lauryn Estrella Admin Assist | Officer | 40 | $3,981 |
Nicole Albee Admin Assist | Officer | 40 | $1,599 |
Sean Andrews Chair | Trustee | 2 | $0 |
Jason Canzano Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $181,185 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,361 |
| Total Program Service Revenue | $0 |
| Investment income | $6,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,316 |
| Compensation of current officers, directors, key employees. | $5,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,552 |
| Pension plan accruals and contributions | $1,901 |
| Other employee benefits | $78 |
| Payroll taxes | $9,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $645 |
| Travel | $1,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66 |
| Insurance | $1,427 |
| All other expenses | $728 |
| Total functional expenses | $143,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,445 |
| Savings and temporary cash investments | $9,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $929 |
| Net Land, buildings, and equipment | $575 |
| Investments—publicly traded securities | $245,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $364,347 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,808 |
| Total liabilities | $57,808 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $306,539 |
| Total liabilities and net assets/fund balances | $364,347 |
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