Overview
What is Consortium Information Services Inc?
Consortium Information Services Inc, based in Buffalo, New York, is a nonprofit organization with a mission to strengthen the healthcare industry in the Western New York region. They accomplish this by creating a model healthcare system, as stated in their program description. The core of their activities revolves around establishing a comprehensive database of bio-medical and medical device materials, making this valuable resource accessible to both the industry and the local community. With a modest workforce of two individuals, Consortium Information Services Inc is committed to contributing positively to the region's economy and enhancing the quality of life through its innovative healthcare initiatives.
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 star (50%)
Consortium Information Services Inc has received a low rating of one star, indicating concerns regarding its accountability and financial practices. The organization scored only 50% overall, with significant shortcomings in governance, as evidenced by a lack of independent board members and missing essential policies such as conflict of interest and whistleblower policies. Furthermore, the absence of financial statements and documentation on their website raises transparency issues.
Despite these concerns, the organization demonstrates a strong commitment to its program expenses, with an impressive program expense ratio of 98.67%. This suggests that a high proportion of its funds is directed towards its mission-related activities. Additionally, the organization has a low liabilities to assets ratio of 5.15%, indicating a manageable level of financial risk.
However, the absence of critical governance documentation and independent oversight could hinder its operational integrity and public trust. Stakeholders may wish to consider these weaknesses when evaluating the nonprofit's overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Consortium Information Services Inc legitimate?
Consortium Information Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consortium Information Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,385
For more financial information, click here
What is the mission statement of Consortium Information Services Inc?
Consortium Information Services Inc's mission is centrally focused on establishing a comprehensive database of bio-medical and medical device materials. This resource is intended for both industry and the broader community's use. The primary objective of this program is to boost the healthcare industry's contribution to the economy and overall quality of life in a specific region, such as Western New York, through the development of an exemplary healthcare system. By providing easy access to this database, the program aims to foster collaboration and innovation within the healthcare sector.
Who is the CEO of Consortium Information Services Inc?
Grace Divirgilio is the Chairman of Consortium Information Services Inc.
What is the revenue of Consortium Information Services Inc?
Consortium Information Services Inc's revenue in 2022 was $1,150,894.
Who are the executives of Consortium Information Services Inc and what are their salaries?
The average compensation at Consortium Information Services Inc during 2022 was $53,192. There are 2 employees at Consortium Information Services Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Consortium Information Services Inc?
Consortium Information Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Consortium Information Services Inc
Consortium Information Services Inc, as a program, aims to fulfill a mission that is both unique and beneficial to the healthcare industry and the community at large. The primary objective of this organization is to establish and maintain a comprehensive database of bio-medical and medical device materials. This database serves as a valuable resource, accessible to various sectors within the industry and the wider community. By making this database available, Consortium Information Services Inc seeks to enhance the contribution of the healthcare industry to the economy and quality of life in its region, specifically Western New York. The program's ultimate goal is to create a model healthcare system that leverages this database to its full potential. This mission is crucial in enabling the healthcare industry to operate more efficiently, innovate, and ultimately improve the lives of the people it serves.
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Impact
October, 2024
Consortium Information Services Inc plays a significant role in enhancing the healthcare landscape of Buffalo, NY, by establishing a comprehensive database of biomedical and medical device materials. This initiative not only supports the healthcare industry but also strengthens the community by fostering collaboration and access to critical resources. By making this information available, the program aims to contribute to the economic growth of Western New York (WNY) and improve the overall quality of life for its residents.
The organization seeks to create a model healthcare system that benefits both industry and the community, ensuring that local stakeholders have the tools and data necessary to innovate and excel in healthcare delivery. Through its efforts, Consortium Information Services Inc is pivotal in bolstering the contributions of the healthcare sector to the regional economy, promoting a healthier community, and driving advancements in medical technology and practices.
This information is meant to be a general summary of Consortium Information Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18
- Program Service Revenue: $1,150,876
- Gross Receipts: $1,150,894
Assets and Liabilities:
- Total Assets: $1,004,308
- Total Liabilities: $351,495
- Net Assets: $652,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Licensing fees
Revenue
$1,150,876
Organization Details
Founding Year
1994
Phone
(716) 929-6301Principal Officer
Grace Divirgilio
Main Address
4950 Genesee Street STE 170, Buffalo, NY, 14225
NTEE Category
Code: E99 - Health
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