THE FOUNDATION FOR MEDICAL EDUCATI… - 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

2006

Legal Domicile

Principal Officer

SELENE PAREKH

Phone

9199238987

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION FOR MEDICAL EDUCATION & RESEARCH, founded in 2006, is a micro nonprofit in the Diseases & Disorders sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROMOTE BUSINESS EDUCATION TO FUTURE PHYSICIANS.ATTRACTING,MOTIVATING AND DEVELOPING BEST TALENTS TO HEALTH CARE PROFESSION

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $43,987

TO PROMOTE BUSINESS EDUCATION TO FUTURE PHYSICIANS.ATTRACTING,MOTIVATING AND DEVELOPING BEST TALENTS TO HEALTH CARE PROFESSION

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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 $43,987

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $43,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $57,740

TOTAL EXPENSES $57,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,987	$128,288	-0.7%
Expenses	$57,740	$67,100	-0.1%
Net Income	$-13,753	$61,188	-1.2%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SELENE PAREKH	PRESIDENT	20.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$43,987	$57,740	$113,874	$-13,753
2022	$128,288	$67,100	$168,594	$61,188
2021	$61,378	$32,636	$203,754	$28,742
2020	$13,239	$18,982	$165,673	$-5,743
2018	$114,931	$85,037	$154,084	$29,894

THE FOUNDATION FOR MEDICAL EDUCATION & RESEARCH