Medical Education Foundation Academy

EIN: 237120447 501(c)(3)

Lima, OH

Total Revenue
$53,478
Total Expenses
$20,364
Total Assets
$1,335,376
Net Assets
$1,335,376
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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
OH
Principal Officer
David Neidhardt MD
Phone
4192032150
Tax Period
2024-01-01 to 2024-12-31

Medical Education Foundation Academy, founded in 1971, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 62% operating margin.

Mission

Provide loans to medical students

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,055
Investment Income $45,423
Other Revenue $0
TOTAL REVENUE $53,478

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,424
Other Expenses $10,364
TOTAL EXPENSES $20,364

Year-over-Year Comparison

2024 2023 Change
Revenue $53,478 $33,488 +0.6%
Expenses $20,364 $16,610 +0.2%
Net Income $33,114 $16,878 +1.0%
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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darcy Langhals DO Board Member 0.50
Director
$0 $0 $0
Patrick Pasion DO Board Member 0.50
Director
$0 $0 $0
Ryan Schwieterman MD Board Member 0.50
Director
$0 $0 $0
Matthew Kuhn MD Sec'y/Treasurer 0.50
Director
$0 $0 $0
David Neidhardt MD President 0.50
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 $53,478 $20,364 $1,335,376 $33,114
2023 $33,488 $16,610 $1,111,719 $16,878
2022 $56,189 $18,006 $1,023,136 $38,183
2021 $58,603 $17,162 $1,079,348 $41,441
2020 $58,574 $16,982 $955,857 $41,592
2019 $24,305 $7,579 $912,010 $16,726
2018 $35,383 $9,591 $797,652 $25,792
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