Needymeds Inc
Gloucester, Massachusetts
BHealth Score
57B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
How This Organization Compares
Compared to 2 peers in Health Care with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
This Org0.41×
Peer Median29.34×
💰
$1.7M
Total Revenue
📊
$1.7M
Total Expenses
🏦
$692K
Net Assets
📋
$321K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-4.1%
Year-over-year change (2022 → 2023)
Net Margin
+3.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.41
Net assets divided by total expenses
Liabilities-to-Assets
31.7%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,727,574↓4% | $1,670,773↓6% | $1,012,223↑3% | |
| 2022 | $1,800,949↓13% | $1,773,680↓12% | $983,532↑8% | — |
| 2021 | $2,079,796↓5% | $2,021,634↓6% | $906,653↓15% | — |
| 2020 | $2,196,896↑4% | $2,145,862↑3% | $1,072,565↑33% | — |
| 2019 | $2,104,641↑6% | $2,077,363↓8% | $807,700↓28% | — |
| 2018 | $1,985,644↓12% | $2,250,340↑10% | $1,129,495↓40% | — |
| 2017 | $2,247,263↑11% | $2,041,396↓2% | $1,892,030↑119% | — |
| 2016 | $2,032,636↑12% | $2,079,009↑17% | $865,797↓7% | — |
| 2015 | $1,821,197↑13% | $1,773,812↑23% | $926,602↑15% | — |
| 2014 | $1,612,207↑26% | $1,445,034↑8% | $809,151↑35% | — |
| 2013 | $1,278,814↓88% | $1,334,853↓87% | $598,564↓1% | — |
| 2012 | $10,822,364↑163% | $10,642,586↑160% | $605,941↑20% | — |
| 2011 | $4,112,231 | $4,086,816 | $504,587 | — |
Frequently Asked Questions
What does Needymeds Inc do?▼
Needymeds Inc is a health care nonprofit organization based in Massachusetts. It is classified under NTEE code E01 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Needymeds Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Needymeds Inc.
How much revenue does Needymeds Inc generate?▼
Needymeds Inc reports $1.5M in annual revenue and holds $726K in total assets, based on IRS filings.
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