FOUNDATION FOR AFRICAN MEDICINE AND EDUC (EIN 223883033) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

FRANK L ARTRESS

Phone

5302291071

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR AFRICAN MEDICINE AND EDUC, founded in 2002, is a community nonprofit in the International Affairs sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ENHANCE THE QUALITY OF MEDICAL CARE IN EAST AFRICA AND CREATE EDUCATIONAL OPPORTUNITIES FOR INDIVIDUALS WHO EXPRESS AN INTEREST IN CONTRIBUTING BACK TO THEIR COMMUNITIES.

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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 $2,252,817

Program Service Revenue $0

Investment Income $44,180

Other Revenue $0

TOTAL REVENUE $2,296,997

Expense Breakdown

Grants Paid $2,590,493

Salaries & Benefits $179,319

Fundraising Expenses $198,272

Program Expenses $2,626,230

Other Expenses $75,701

TOTAL EXPENSES $2,845,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,296,997	$2,762,630	-0.2%
Expenses	$2,845,513	$2,544,360	+0.1%
Net Income	$-548,516	$218,270	-3.5%

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

Employees

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
JEANNE ARTRESS	TREASURER	10.00	Officer Director	$0	$0	$0
KE ZHANG	SECRETARY	5.00	Officer Director	$0	$0	$0
BARB DEHN	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL RUBENSTEIN	DIRECTOR	5.00	Director	$0	$0	$0
DAVID STEINMETZ	DIRECTOR	3.00	Director	$0	$0	$0
CRAIG WAINSCOTT	DIRECTOR	3.00	Director	$0	$0	$0
MARY ANN ZETES	DIRECTOR	5.00	Director	$0	$0	$0
JOHN STEPHENSON	DIRECTOR	3.00	Director	$0	$0	$0
FRANK ARTRESS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
SUSAN GUSTAFSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
ROSE TOBIASSEN	MANAGING DIRECTOR	40.00	Highest	$112,350	$4,657	$117,007

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	$2,296,997	$2,845,513	$1,276,693	$-548,516
2022	$2,762,630	$2,544,360	$1,825,211	$218,270
2022	$2,762,630	$2,544,360	$1,825,211	$218,270
2021	$2,437,772	$2,413,323	$1,606,941	$24,449
2020	$2,589,479	$2,206,646	$1,605,148	$382,833
2019	$2,056,355	$1,997,987	$1,199,659	$58,368
2018	$1,982,921	$1,880,968	$1,141,291	$101,953

FOUNDATION FOR AFRICAN MEDICINE AND EDUC