Medical Outcomes Trust Inc
- Assets
- $644.2k
- Revenue
- $36.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockland, MA
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 04-3160283
Organization Overview
Medical Outcomes Trust Inc is located in Rockland, MA. The organization was established in 1993. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Outcomes Trust 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 12/2021, Medical Outcomes Trust Inc generated $36.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $37.9k during the year ending 12/2021. 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
PROVIDE HEALTH OUTCOMES MEASUREMENT INSTRUMENTS. THE TRUST ASSISTS RESEARCHERS AND CLINICIANS IN THE ASSESSMENT OF THE QUALITY AND EFFICIENCY OF HEALTHCARE AND MODES OF TREATMENT. IT ACTS AS A REPOSITORY FOR AND DISTRIBUTOR OF HIGH QUALITY STANDARDIZED INSTRUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLIED INSTRUMENTS THAT MEASURE HEALTH AND HEALTHCARE OUTCOMES AND RELATED EDUCATION.
IN MARCH 2010, INGENIX (NOW OPTUMINSIGHT, A SUBSIDIARY OF UNITEDHEALTH GROUP) ACQUIRED 100% OF THE ISSUED AND OUTSTANDING CAPITAL STOCK OF QUALITYMETRIC AND ASSUMED THE ANNUAL CONTRIBUTION OBLIGATION UDER THE TECHNOLOGY LICENSING AGREEMENT WITH THE ORGANIZATION. IN JULY 2020, VERSEY STREET CAPITAL ACQUIRED THE STOCK OF QUALITYMETRICS AND ASSUMED THE SAME ANNUAL CONTRIBUTION OBLIGATION. THE ANNUAL CONTRIBUTIONS EARNED BY THE ORGANIZATION WAS$36,000 IN 2021 & 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Zubkoff President/board Chair | OfficerTrustee | 6 | $0 |
Dr Eugene Nelson Board Of Directors | OfficerTrustee | 6 | $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 | $36,000 |
| 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 | $36,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,054 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,110 |
| 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 | $4,000 |
| Other assets | $524,067 |
| Total assets | $644,177 |
| Accounts payable and accrued expenses | $1,875 |
| 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 | $1,875 |
| Net assets without donor restrictions | $642,302 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $644,177 |
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