Durable Medical Equipment Inc
- Assets
- $0.0
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Auburn, MA
- Founding
- Data as of
- 03/2018
- EIN
- 04-3106404
Organization Overview
Durable Medical Equipment Inc is located in Auburn, MA. As of 03/2018, Durable Medical Equipment Inc employed 33 individuals. Durable Medical Equipment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2018, Durable Medical Equipment Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $1.9m during the year ending 03/2018. As we would expect to see with falling revenues, expenses have declined by (38.7%) per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING ORGANIZATION OF RELIANT MEDICAL GROUP AND IN ORDER TO MEET THE ORGANIZATION'S EXEMPT PURPOSE, DURABLE MEDICAL EQUIPMENT, INC. OPERATES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF RELIANT MEDICAL GROUP, A RELATED 501(C)(3) ORGANIZATION. DURABLE'S PURPOSES AND ACTIVITIES FOCUS ON SUPPORTING RELIANT MEDICAL GROUP'S PROVIDERS AND ANY OTHER INDIVIDUALS IN THE RELIANT MEDICAL GROUP SERVICE AREA, IN ITS EFFORT TO PROVIDE CARE TO APPROXIMATELY 383,000 PATIENTS IN MASSACHUSETTS. DURABLE SUPPORTS RELIANT MEDICAL GROUP, BY PROVIDING DURABLE MEDICAL EQUIPMENT, PROSTHETICS, ORTHOTICS AND OTHER SUPPLIES TO RELIANT MEDICAL GROUP PATIENTS, AND TO OTHER INDIVIDUALS IN NEED OF SUCH EQUIPMENT AND SUPPLIES WITHIN THE RELIANT MEDICAL GROUP SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Andreoli Director | Trustee | 1 | $0 |
Tarek Elsawy MD Director/president | OfficerTrustee | 1 | $0 |
Kevin O'sullivan Director | Trustee | 1 | $0 |
Seema Naravane MD Clerk | Officer | 1 | $0 |
Bruce Plummer Treasurer | Officer | 1 | $0 |
Leon Josephs MD Former President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,370,707 |
| Investment income | $0 |
| 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 | $2,370,707 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,416 |
| Pension plan accruals and contributions | $1,406 |
| Other employee benefits | $74,057 |
| Payroll taxes | $29,987 |
| Fees for services: Management | $146,892 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,983 |
| Advertising and promotion | $0 |
| Office expenses | $99,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,048 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,997 |
| Insurance | $8,067 |
| All other expenses | $0 |
| Total functional expenses | $1,873,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |