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Center For Innovation In Medicare Advantage Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842031053 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Center For Innovation In Medicare Advantage Inc?

The Center for Innovation in Medicare Advantage Inc. is a nonprofit organization that concentrates on conducting unbiased research, analyses, and discussions to enhance the quality, affordability, and overall value of healthcare services provided to Medicare beneficiaries. Their primary objective is to tackle policy matters related to Medicare by disseminating relevant findings in a timely and credible manner.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Star rating)

The Center For Innovation In Medicare Advantage Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The overall score is based entirely on its accountability and finance metrics, which indicates a robust performance in these areas for the most recent fiscal year, FY2021.

The organization demonstrates significant strengths, including a fully independent board, which scored a perfect 8 out of 8 points. It has established comprehensive policies, such as a conflict of interest policy and a whistleblower policy, both of which received top scores. Additionally, the absence of any material diversion of assets and effective oversight reflected in its financial statements further enhances its credibility.

However, there are some aspects to consider, particularly with its liabilities to assets ratio, which stands at 55.30% and received a score of 11 out of 15 points. While this is not detrimental, it suggests room for improvement in financial health. Overall, the Center For Innovation In Medicare Advantage Inc exhibits strong performance in financial governance, yet stakeholders may want to keep an eye on its financial ratios for a comprehensive understanding of its sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Center For Innovation In Medicare Advantage Inc legitimate?

Center For Innovation In Medicare Advantage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Innovation In Medicare Advantage Inc submitted a form 990EZ, 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.

What is the mission statement of Center For Innovation In Medicare Advantage Inc?

The Center for Innovation in Medicare Advantage Inc. is committed to conducting non-partisan research, analyses, and convenings with the objective of enhancing the quality, cost-effectiveness, and value of healthcare services provided to Medicare beneficiaries. Their mission is to tackle policy issues related to Medicare by disseminating their findings in a timely and credible manner.

Who is the CEO of Center For Innovation In Medicare Advantage Inc?

Jerry Penso is the President of Center For Innovation In Medicare Advantage Inc.

What is the revenue of Center For Innovation In Medicare Advantage Inc?

Center For Innovation In Medicare Advantage Inc's revenue in 2022 was $150,000.

Who are the executives of Center For Innovation In Medicare Advantage Inc and what are their salaries?


Here are 4 key members and their salaries:


Jerry Penso (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Dentzer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary E Donahue (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Fendrick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Center For Innovation In Medicare Advantage Inc?

Center For Innovation In Medicare Advantage Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Center For Innovation In Medicare Advantage Inc

The Center for Innovation in Medicare Advantage is committed to conducting unbiased research, analyses, and convenings with the goal of enhancing the quality, cost-effectiveness, and overall value of healthcare services for Medicare beneficiaries. This non-partisan organization focuses on addressing policy issues related to Medicare, striving to disseminate its findings in a timely and credible manner. By doing so, the Center for Innovation in Medicare Advantage aims to contribute to the improvement of healthcare policies and outcomes for the beneficiaries of this federal program.

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Impact




October, 2024

The Center for Innovation in Medicare Advantage Inc significantly impacts the healthcare landscape by conducting non-partisan research and analyses focused on enhancing the quality, cost-effectiveness, and overall value of care for Medicare beneficiaries. By addressing key policy issues related to Medicare, the center plays a crucial role in shaping informed discussions and decisions. Its efforts include timely dissemination of research findings, which helps stakeholders—including policymakers, healthcare providers, and organizations—make data-driven choices that ultimately benefit the millions of Americans relying on Medicare. Through convenings and collaborative discussions, the center fosters dialogue among diverse participants to explore innovative solutions and best practices in Medicare delivery, thereby contributing to improved healthcare outcomes for seniors.




This information is meant to be a general summary of Center For Innovation In Medicare Advantage 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.

Revenue
$150,000 (2022)
Expenses
$423,642 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $150,000

Assets and Liabilities:

  • Total Assets: $452,398
  • Total Liabilities: $590,872
  • Net Assets: -$138,474

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Organization Details

Principal Officer

Jerry Penso

Main Address

1411 K St NW, Washington, DC, 20005

NTEE Category

Code: E99 - Health

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