UNIVERSITY MEDICAL EDUCATION ASSOC… - 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

1971

Legal Domicile

Principal Officer

KRISTIN BAHN

Phone

8026562156

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY MEDICAL EDUCATION ASSOCIATES C/O DEAN'S OFFICE COLLEGE OF MEDICINE, founded in 1971, is a micro nonprofit that reported $13K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $650K exceeded revenue, resulting in a 4764% operating deficit.

Mission

UNIVERSITY MEDICAL EDUCATION ASSOCIATES, INC. IS A COMPONENT UNIT OF THE UNIVERSITY OF VERMONT WITH THE PURPOSE OF SUPPORTING THE OPERATIONS, ACTIVITIES, AND OBJECTIVES OF THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF VERMONT.

Program Service Accomplishments

Program 1

Expenses: $537,013

PROGRAM SERVICES INCLUDE SUPPLEMENTING MEDICAL RESEARCH, EDUCATION AND RELATED EXPENDITURES IN ORDER TO ENSURE THE TOP QUALITY EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE.

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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 $0

Investment Income $13,358

Other Revenue $0

TOTAL REVENUE $13,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $537,013

Other Expenses $649,668

TOTAL EXPENSES $649,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,358	$703,162	-1.0%
Expenses	$649,668	$830,780	-0.2%
Net Income	$-636,310	$-127,618	+4.0%

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

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

$1,446,090

Total Directors

$6,934,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PAGE	PRESIDENT	4.00	Officer Director	$0	$76,303	$987,872
BRIAN COTE	VICE-PRESIDENT	4.00	Officer Director	$0	$40,423	$319,993
LEWIS FIRST	TRUSTEE	1.00	Director	$0	$95,115	$659,353
IRA BERNSTEIN	TRUSTEE (END 12/23)	1.00	Director	$0	$116,321	$785,793
KRISTEN DESTIGTER	TRUSTEE	1.00	Director	$0	$103,585	$925,890
JASON SANDERS	TRUSTEE	1.00	Director	$0	$64,910	$753,297
RICK VINCENT	TRUSTEE	1.00	Director	$0	$53,639	$836,719
CATHY DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN BAHN	TREASURER	4.00	Officer Director	$0	$35,210	$138,225
REBECCA ASLAKSON	TRUSTEE	1.00	Director	$0	$69,763	$750,095
RAMSEY HERRINGTON	TRUSTEE (START 01/24)	1.00	Director	$0	$99,802	$777,280

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
2025	No data	No data	No data	No data
2024	$13,358	$649,668	$64,203,716	$-636,310
2023	$703,162	$830,780	$59,693,918	$-127,618
2022	$1,062,895	$916,759	$57,134,635	$146,136
2021	$1,604,129	$7,343,172	$66,989,279	$-5,739,043
2020	$893,182	$1,209,874	$61,482,892	$-316,692
2019	$921,661	$1,185,643	$62,815,657	$-263,982

UNIVERSITY MEDICAL EDUCATION ASSOCIATES C/O DEAN'S OFFICE COLLEGE OF MEDICINE