CONTINUING EDUCATION PROGRAM INC D… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

WILLIAM GREENBERG MD

Phone

6176672702

Tax Period

2023-10-01 to 2024-09-30

CONTINUING EDUCATION PROGRAM INC D/B/A PSYCHIATRY FOUNDATION, founded in 1994, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $77K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. Expenses of $124K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE MISSION OF CONTINUING EDUCATION PROGRAM, INC D/B/A BETH ISRAEL DEACONESS PSYCHIATRY FOUNDATION (THE FOUNDATION) IS TO SUPPORT THE PATIENT CARE, RESEARCH, AND TEACHING MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT THE PRESIDENT AND FELLOWS AT HARVARD COLLEGE/HARVARD MEDICAL SCHOOL (HMS).

Program Service Accomplishments

Program 1

Expenses: $112,280 Revenue: $23,162

THE FOUNDATION USES ITS FUNDS TO SUPPORT PHYSICIANS' WORK IN THE PSYCHIATRY DEPARTMENTS AT BIDMC AND HMFP AND TO STRENGTHEN THE DEPARTMENTS BY SUPPORTING THE EDUCATIONAL REQUIREMENTS OF THE...

THE FOUNDATION USES ITS FUNDS TO SUPPORT PHYSICIANS' WORK IN THE PSYCHIATRY DEPARTMENTS AT BIDMC AND HMFP AND TO STRENGTHEN THE DEPARTMENTS BY SUPPORTING THE EDUCATIONAL REQUIREMENTS OF THE DEPARTMENT AND PHYSICIANS WORLDWIDE BY PROVIDING TRAINING SEMINARS AND OTHER CLASSES. THE FOUNDATION ALSO USES ITS FUNDS TO SUPPORT EXPENSES INCURRED BY ITS AFFILIATED ENTITIES WHICH BENEFIT THE PHYSICIANS AND OTHER PERSONNEL WHO ARE ENGAGED IN ACTIVITY RELATED TO THE PSYCHIATRY FIELD. ALL ACTIVITIES THAT THE FOUNDATION PARTICIPATES IN ARE FOCUSED ON MEDICAL PROCEDURES, RESEARCH, AND OTHER ACTIVITIES THAT ARE INSPIRED TO ENHANCE METHODS UTILIZED IN THE PSYCHIATRY FIELD.DURING THE PERIOD COVERED BY THIS FILING, THE FOUNDATION PROVIDED SUPPORT FOR PATIENT CARE, RESEARCH AND EDUCATION IN THE AREA OF PSYCHIATRY IN CONJUNCTION WITH, AND TO SUPPORT THE CHARITABLE MISSIONS OF, BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BIDMC (HMFP), HARVARD MEDICAL SCHOOL (HMS) AND ITS AFFILIATES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,162

Investment Income $53,606

Other Revenue $0

TOTAL REVENUE $76,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,280

Other Expenses $123,878

TOTAL EXPENSES $123,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,768	$31,791	+1.4%
Expenses	$123,878	$73,620	+0.7%
Net Income	$-47,110	$-41,829	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,503,346

Total Directors

$2,208,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBALL MD MPH ALEXA B	DIRECTOR (EX-OFFICIO) (HMFP CEO)	1.00	Director	$0	$109,829	$1,199,659
GREENBERG MD WILLIAM	DIR(EX-OFF)& PRES; PSYCH CHIEF/CHAIR	1.00	Officer Director	$0	$65,244	$692,224
FRIEDMAN MD ROHN S	DIRECTOR; PSYCHIATRIST	1.00	Director	$0	$47,107	$316,797
AGNEW MEGHAN	CLERK; CFO, HFMP	1.00	Officer	$0	$89,105	$518,759
LEITAO SANDRA A	TREAS & CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$65,807	$292,363
LIFSON MD LAWRENCE E	FORMER VICE PRESIDENT	0.00		$0	$0	$180,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$76,768	$123,878	$1,695,227	$-47,110
2023	$31,791	$73,620	$1,618,267	$-41,829
2022	$90,235	$63,067	$1,584,875	$27,168
2021	$193,479	$59,437	$1,351,465	$134,042
2020	$25,712	$63,873	$735,532	$-38,161
2019	$121,530	$87,372	$775,498	$34,158
2018	$65,275	$31,512	$595,814	$33,763

CONTINUING EDUCATION PROGRAM INC D/B/A PSYCHIATRY FOUNDATION