Center For Medical Interoperability Inc
- Assets
- $586.1k
- Revenue
- $280.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Franklin, TN
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-3191908
Organization Overview
Center For Medical Interoperability Inc is located in Franklin, TN. The organization was established in 2014. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2023, Center For Medical Interoperability Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Medical Interoperability 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 12/2023, Center For Medical Interoperability Inc generated $280.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE HOW MEDICAL TECHNOLOGIES WORK TOGETHER BY IMPROVING REAL-TIME INFORMATION FLOW AND BY MAKING TECHNOLOGY FUNCTION SEAMLESSLY IN THE BACKGROUND SO THAT HEALTH SYSTEMS CAN ACHIEVE THE BEST POSSIBLE OUTCOMES FOR THEIR PATIENTS. OUR MEMBERS ARE COMMITTED TO COMPELLING CHANGE AND IMPROVING PATIENT SAFETY CARE QUALITY AND OUTCOMES AND REDUCING CLINICIAN BURDEN AND WASTE INCLUDING SUPPORT FOR CARE EXTENDING INTO THE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER FOR MEDICAL INTEROPERABILITY HAS ESTABLISHED A CENTRALIZED LABORATORY TASKED WITH SERVICING AS A NEUTRAL ENVIRONMENT FOR HEALTHCARE PROFESSIONALS AND OTHER STAKEHOLDERS TO IDENTIFY TECHNICAL SOLUTIONS TO THE CHALLENGES ASSOCIATED WITH THE INFRASTRUCTURE OF MEDICAL INTEROPERABILITY. THE PROGRAM GOAL IS TO ESTABLISH AN INFRASTRUCTURE TO SUPPORT PLUG-AND-PLAY HEALTHCARE INTEROPERABILITY WITH RELIABLE DATA SYSTEMS CONNECTIVITY AND THE APPROPRIATE LEVELS OF MEDICAL GRADE DATA SECURITY THUS ENABLING DATA SYSTEMS TO CONNECT SEAMLESSLY EXCHANGE SECURE DATA AND OFFER CLINICIANS THE ABILITY TO USE THE DATA FOR SAFER AND MORE OPTIMIZED HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Cantwell President And Chief Executive Officer | OfficerTrustee | 40 | $569,606 |
Edward Miller Chief Technology Officer | Officer | 40 | $347,814 |
Name Not Listed Secretary And Chief Operating Officer | OfficerTrustee | 40 | $243,468 |
Dick Green Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forty Au Software Development Services | 12/30/20 | $172,493 |
C Squared Labs Lab Services | 12/30/20 | $114,100 |
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 | $0 |
| Investment income | $11,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $267,999 |
| 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 | $279,967 |
| 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. | $1,195,013 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $116,979 |
| Other employee benefits | $78,333 |
| Payroll taxes | $50,569 |
| Fees for services: Management | $78,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,454 |
| 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 | $22,917 |
| Information technology | $7,587 |
| Royalties | $0 |
| Occupancy | $368,797 |
| Travel | $17,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,478 |
| Insurance | $17,662 |
| All other expenses | $0 |
| Total functional expenses | $2,209,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,247 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $2,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,532 |
| Total assets | $586,107 |
| Accounts payable and accrued expenses | $49,364 |
| 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 | $94,899 |
| Total liabilities | $144,263 |
| Net assets without donor restrictions | $441,844 |
| 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 | $586,107 |