MEDICAL LEARNING INSTITUTE INC

EIN: 205007618 501(c)(3) Education

TARPON SPRINGS, FL

Total Revenue
$6,030,181
Total Expenses
$8,865,262
Total Assets
$771,047
Net Assets
$356,077
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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
NJ
Principal Officer
KRISTIN M GUSACK
Phone
6093331693
Tax Period
2023-01-01 to 2023-12-31

MEDICAL LEARNING INSTITUTE INC, founded in 2006, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE ORGANIZATION WAS ORGANIZED TO PROVIDE CONTINUING MEDICAL EDUCATION TO MEDICAL PROFESSIONALS. THIS IS ACCOMPLISHED BY PROVIDING AUDIO CONFERENCES FREE OF CHARGE TO PARTICIPANTS, MONOGRAPHS PROVIDED FREE OF CHARGE TO PARTICIAPNTS, AND NATIONAL AS WELL AS SMALL GROUP MEETINGS WITH SPEAKERS PROVIDED FREE OF CHARGE TO PARTICIPANTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,962,990
Investment Income $67,191
Other Revenue $0
TOTAL REVENUE $6,030,181

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,428,457
Fundraising Expenses $0
Program Expenses $6,046,965
Other Expenses $6,436,805
TOTAL EXPENSES $8,865,262

Year-over-Year Comparison

2023 2022 Change
Revenue $6,030,181 $21,556,516 -0.7%
Expenses $8,865,262 $25,233,859 -0.6%
Net Income $-2,835,081 $-3,677,343 -0.2%
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

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Governance

Voting Members
4
Independent Members
2
Employees
22
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
2
$767,504
Total Directors
3
$391,043
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN M GUSACK EXECUTIVE DI 40.00
Officer Director
$391,043 $0 $391,043
CHRISTOPHER J GUSACK CFO 40.00
Officer
$376,461 $0 $376,461
MEREDITH ANKE TRUSTEE 1.00
Director
$0 $0 $0
MEREDITH ROGERS TRUSTEE 1.00
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 $6,030,181 $8,865,262 $771,047 $-2,835,081
2023 $6,046,681 $8,865,262 $787,547 $-2,818,581
2022 $21,556,516 $25,233,859 $4,526,793 $-3,677,343
2021 $36,728,738 $33,447,648 $9,314,882 $3,281,090
2021 $36,568,988 $33,447,648 $9,304,295 $3,121,340
2020 $32,215,047 $27,673,945 $10,326,444 $4,541,102
2019 $22,042,068 $22,228,654 $9,492,840 $-186,586
2018 $16,652,281 $16,814,299 $5,076,330 $-162,018
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