Civic Intelligence

Mihret Medical Supply Groupinc

EIN 83-2313508 • 501(c)3 • Ruckersville, VA

Profile

Promoting and facilitating the collection and distribition of quality Medical equipments and medicines worldwide to humanitarian entities. Strengthening Health Care Facilities, Family Farms, Micro Enterprise, Social and Spiritual Organizations, and Education projects in under served countries through direct aid, training and Scholarships.

179 London CourtRuckersville, VA 22968

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.44x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.18x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

3.2%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

84%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-16%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$678,048

Up $308,674 (+84%) from 2022

Liabilities

Up

$297,260

Up $297,260 from 2022

Net Assets

Up

$380,788

Up $11,414 (+3.1%) from 2022

Revenue

Down

$1,612,139

Down $316,945 (-16%) from 2022

Expenses

Down

$1,560,322

Down $747,076 (-32%) from 2022

Net Income

Up

$51,817

Up $430,131 (+114%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2019: $333,615Liabilities 2019: $7,677Net Assets 2019: $325,9382019Assets 2020: $460,057Liabilities 2020: $4,823Net Assets 2020: $455,2342020Assets 2021: $743,818Liabilities 2021: $823Net Assets 2021: $742,9952021Assets 2022: $369,374Liabilities 2022: $0Net Assets 2022: $369,3742022Assets 2023: $678,048Liabilities 2023: $297,260Net Assets 2023: $380,7882023

Highlighted filing

2023

Assets$678,048
Liabilities$297,260
Net Assets$380,788

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $335,570Expenses 2019: $6,524Net Income 2019: $329,0462019Revenue 2020: $1,044,358Expenses 2020: $914,522Net Income 2020: $129,8362020Revenue 2021: $5,710,148Expenses 2021: $5,417,533Net Income 2021: $292,6152021Revenue 2022: $1,929,084Expenses 2022: $2,307,398Net Income 2022: -$378,3142022Revenue 2023: $1,612,139Expenses 2023: $1,560,322Net Income 2023: $51,8172023

Highlighted filing

2023

Revenue$1,612,139
Expenses$1,560,322
Net Income$51,817

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,612,139
Mission and Program Overview

Mission

Promoting and facilitating the collection and distribition of quality Medical equipments and medicines worldwide to humanitarian entities. Strengthening Health Care Facilities, Family Farms, Micro Enterprise, Social and Spiritual Organizations, and Education projects in under served countries through direct aid and training and Scholarships.

Promoting and facilitating the collection and distribition of quality Medical equipments and medicines worldwide to humanitarian entities. Strengthening Health Care Facilities, Family Farms, Micro Enterprise, Social and Spiritual Organizations, and Education projects in under served countries through direct aid, training and Scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$147,127$312,874▲ $165,747
Accounts Receivable$57,047$185,359▲ $128,312
Loans From Officers Directors$0--
Total Assets$369,374$678,048▲ $308,674
Other Assets Total$165,200$179,815▲ $14,615
Liabilities
Deferred Revenue-$295,070-
Accounts Payable and Accrued Expenses-$2,190-
Total Liabilities$0$297,260▲ $297,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$369,374$380,788▲ $11,414
Total Net Assets Fund Balance$369,374$380,788▲ $11,414
Total Liabilities and Net Assets / Fund Balance$369,374$678,048▲ $308,674

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$179,815--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr YilikalGoshu
TilahunGoshu
MarkSmith
HiwotWolde Dagnachew
LemlemWoldemichael
Revenue and Support

Revenue Composition

Contributions and Grants
$1,612,139
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,612,139
Change in Net Assets
$51,817

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,212,649
Other Expenses$299,965
Salaries, Compensation, and Employee Benefits$47,708
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,212,649--$1,212,649
All Other Expenses$86,982$11,437$0$98,419
Travel$37,568$10,571$0$48,139
Other Salaries and Wages$44,642$303$0$44,945
Fees for Services Management$12,121$1,908$0$14,029
Office Expenses$0$13,702$0$13,702
Fees for Services Accounting$0$8,808$0$8,808
Occupancy$0$6,434$0$6,434
Advertising$0$3,990$0$3,990
Other Employee Benefits$0$2,763$0$2,763
Other Expenses$0$2,438$0$2,438
Conferences and Meetings$0$1,268$0$1,268
Information Technology$0$677$0$677
Insurance$0$522$0$522
Total Functional Expenses$1,474,925$85,397$0$1,560,322
International Activity

International Summary

Offices
0
Employees
0
Spending
$29,930

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaChild Empowerment-00$29,930
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Mihret Medical Supply GroupInc
EIN
83-2313508
Phone
5408209211
Address
179 London Court, Ruckersville, VA 22968

Signing Officer

Name
Tilahun Goshu
Title
Treasurer
Phone
5408209211
Signed
2024-05-15

Organization Details

Principal Officer
Tilahun Goshu
Formed
2018
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
DCM Accounting and Tax SolutionLLC
Address
6059 Crown Royal Cir, Alexandria, VA 22310
Preparer
Aklilu Ayalew
Phone
7039878224
Supplemental Narrative

Additional Explanations

Pt XI

The 990 reports are posted in the organizations website. In addition the 990 reports are available up on request.

Pt VI, Line 19

The Organization has posted its financial report in its website.

Pt VI, Line 11B

The draft report has been reveiwed by ED and other Board Members

Pt VI, Line 12C

All board members are required to declare any transactions and outside business activities,that could potentially raise the issue of conflict of interest.

Pt XI

Foreign exchange rate loss cumulative impact

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0In 2023, Mihret, in collaboration with James Madison University, shipped a container of medical equipment and supplies to Ukraine As a result, 200,000 people, including children and birthing women, received direct and indirect service benefits from the shipment. In Ethiopia, Mihret, in collaboration with Samara University, donated two containers of medical equipment with a total valuation of $556,918.00 to Dubti and Logia Hospitals. The equipment includes Hospital beds, cardiac recliners, smart exam tables, OR tables, Surgical drapes, EKG, Ultrasound, X-ray, blankets, wound care supplies, gloves, and so on According to the effect report from Samara University, 150,000 people directly benefit from this support annually, ensuring a sustained impact on the local healthcare system
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IRS990/ProgSrvcAccomActy2Grp/Desc0From January 30th to February 11th, 2023, Mihret collaborated with Rapha Medical Center, Comfort My People, and Bahirdar University College of Medicine and Health Sciences to conduct a ten-day training program. This program, carefully designed for 18 midwives and 30 birth attendants from remote health facilities in nine different zones of the Western Amhara Region, focused on Evidence-Based Safe Birth Practice. The trainees received high-quality instruction from expert midwives trained in the US, and Mihret ensured that the training manuals were accurately translated into Amharic and distributed to the trainees for their reference. The program also included practical exercises with mannequins, and six exceptional trainers were identified from the group of participants. The positive impact of this training program reached five universities and 25 health facilities, including hospitals, health centers, and health posts, as reported by the Regional Health Bureau.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Mihret spearheads an impactful apiary farm empowerment project in Ethiopia, focusing on the Gojjam and Tigray areas. The project, which commenced three years ago with 300 modern seed beehives, aims to revolutionize traditional beekeeping practices in Ethiopia. Initially involving 60 families, the project has now positively impacted 183 families, and its reach has expanded to encompass 1,350 farmers-owned colonies in Bure, Tilili, Merawi, Bahirdar, and Mekelle Localities. n 2023, Mihret took a bold step by initiating the construction of a state-of-the-art honey processing plant called LalHoney Manufacturing within the Bure Agro-Industrial Park, spanning over a 4-acre property. However, despite facing disruptions due to the conflict between the Amhara Fano and the Federal Government forces, Mihret remains relentless in driving the project forward. Furthermore, Mihret made strategic investments by purchasing a Toyota Hylux Heavy Duty truck to support the projects logistics. n the same year, Mihrets ownership of 300 beehives signifies a strong commitment to furthering the projects impact, with 12 families poised to benefit from managing Mihrets modern beehives and beekeeping business.
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IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01262134
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0419272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0391619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0363244
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt084449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03550
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01262134
IRS990ScheduleA/TotalSupportAmt01262134
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0179815
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Medical Equipments and Supplies
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0179815
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt029930
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Child Empowerment
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0334926
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0Medical Sup & Equip
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt1Medical Sup & Equip
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0transfers
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt0722862
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt1455390
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Health Program
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Health Program
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Russia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0Other
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1other
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt029930
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt02
IRS990ScheduleF/TotalSpentAmt029930
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operational Cost
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt07677
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Tilahun Goshu
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 reports are posted in the organizations website. In addition the 990 reports are available up on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has posted its financial report in its website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The draft report has been reveiwed by ED and other Board Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All board members are required to declare any transactions and outside business activities,that could potentially raise the issue of conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Foreign exchange rate loss cumulative impact
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0369374
IRS990/TotalAssetsEOYAmt0678048
IRS990/TotalAssetsGrp/BOYAmt0369374
IRS990/TotalAssetsGrp/EOYAmt0678048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01612139
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01474925
IRS990/TotalFunctionalExpensesGrp/TotalAmt01560322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0297260
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0297260
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0369374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0380788
IRS990/TotalProgramServiceExpensesAmt01474925
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01612139
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0369374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0678048
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt010571
IRS990/TravelGrp/ProgramServicesAmt037568
IRS990/TravelGrp/TotalAmt048139
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0179 London Ct
IRS990/USAddress/CityNm0Ruckersville
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022986
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tilahun Goshu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05408209211
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mihret Medical Supply GroupInc
ReturnHeader/Filer/BusinessNameControlTxt0MIHR

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