DULUTH GRADUATE MEDICAL EDUCATION COUNCIL INC (EIN 237456795) - 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

1974

Legal Domicile

Principal Officer

KATHERINE DEAN

Phone

2187231112

Tax Period

2023-07-01 to 2024-06-30

DULUTH GRADUATE MEDICAL EDUCATION COUNCIL INC, founded in 1974, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Expenses of $7.7M left a modest 7% surplus.

Mission

PROVIDE A MEDICAL RESIDENCY PROGRAM, IN CONJUNCTION WITH THE UNIVERSITY OF MINNESOTA, AND SUPPORTED BY ESSENTIA HEALTH AND ST. LUKE'S HOSPITAL OF DULUTH, FOR THE TRAINING OF FAMILY MEDICINE PHYSICIANS IN ASSOCIATION WITH THAT PROGRAM, THE ORGANIZATION OPERATES A PRIMARY CARE FAMILY MEDICINE CLINIC SERVING THE DULUTH AREA.

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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 $5,457,157

Program Service Revenue $2,807,580

Investment Income $-42,177

Other Revenue $6,697

TOTAL REVENUE $8,229,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,296,845

Other Expenses $7,678,485

TOTAL EXPENSES $7,678,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,229,257	$7,900,832	+0.0%
Expenses	$7,678,485	$8,053,109	0.0%
Net Income	$550,772	$-152,277	-4.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE DEAN	ADMINISTRATO	8.00	Officer	$0	$0	$0
SHAILEY PRASAD	BOARD CHAIR	1.00	Director	$0	$0	$0
TOM HEINITZ	VICE CHAIR	1.00	Director	$0	$0	$0
CHRIS JOHNSON	TREASURER	1.00	Director	$0	$0	$0
ERIC LOHN	TREASURER TH	1.00	Director	$0	$0	$0
NICHOLAS VAN DEELEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTA SKORUPA	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HEEGAARD	BOARD MEMB T	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
2025	No data	No data	No data	No data
2024	$8,229,257	$7,678,485	$5,242,017	$550,772
2023	$7,900,832	$8,053,109	$4,677,451	$-152,277
2022	$7,733,024	$7,607,573	$4,803,601	$125,451
2021	$7,417,125	$7,735,119	$4,925,667	$-317,994
2020	$7,717,216	$7,660,862	$6,078,042	$56,354
2019	$7,491,615	$7,598,955	$5,606,409	$-107,340

DULUTH GRADUATE MEDICAL EDUCATION COUNCIL INC