SAEM RESEARCH FOUNDATION

EIN: 262371803 501(c)(3) Medical Research

DES PLAINES, IL

Total Revenue
$515,393
Total Expenses
$1,001,393
Total Assets
$12,035,983
Net Assets
$10,807,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MI
Principal Officer
MEGAN SCHAGRIN MBA CAE
Phone
8478139823
Tax Period
2023-01-01 to 2023-12-31

SAEM RESEARCH FOUNDATION, founded in 2008, is a small nonprofit in the Medical Research sector that reported $515K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO IMPROVE HEALTH BY INVESTING IN ACADEMIC EMERGENCY MEDICINE CAREER DEVELOPMENT, RESEARCH, AND EDUCATION.

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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 $613,238
Program Service Revenue $0
Investment Income $-75,827
Other Revenue $-22,018
TOTAL REVENUE $515,393

Expense Breakdown

Grants Paid $710,162
Salaries & Benefits $194,607
Fundraising Expenses $225,721
Program Expenses $745,157
Other Expenses $96,624
TOTAL EXPENSES $1,001,393

Year-over-Year Comparison

2023 2022 Change
Revenue $515,393 $927,684 -0.4%
Expenses $1,001,393 $1,170,106 -0.1%
Net Income $-486,000 $-242,422 +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
16
Independent Members
16
Employees
N/A
Volunteers
25

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
8
$651,079
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANISH SHAH MD MPH PRESIDENT ELECT/PRESIDENT 1.00
Officer Director
$0 $0 $0
J SCOTT VANEPPS MD PHD MEMBER AT LARGE/PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
TED CORBIN MD MPP SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT HOCKBERGER MD SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
J ADRIAN TYNDALL MD MPH PRESIDENT/PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL MUSEY JR MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
MICHELLE BLANDA MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
CHERRI HOBGOOD MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
SUSAN PROMES MD MBA MEMBER AT LARGE 0.50
Director
$0 $0 $0
NEHA RAUKAR MD MS MEMBER AT LARGE 0.50
Director
$0 $0 $0
STEVEN BERNSTEIN MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
JAMES MCCARTHY MD MHA MEMBER AT LARGE 0.50
Director
$0 $0 $0
ZACHARY MEISEL MD MPH MSHP MEMBER AT LARGE 0.50
Director
$0 $0 $0
RICHARD WOLFE MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
NEILS RATHLEV MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
BRIAN ZINK PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
MEGAN SCHAGRIN MBA CAE CFRE CHEIF EXECUTIVE OFFICER 2.00
Officer
$0 $56,891 $470,248
DOUGLAS RAY MSA DIRECTOR OF FINANCE 2.00
Officer
$0 $26,393 $180,831
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 $515,393 $1,001,393 $12,035,983 $-486,000
2022 $927,684 $1,170,106 $11,007,706 $-242,422
2021 $2,705,081 $1,113,237 $13,208,532 $1,591,844
2020 $883,751 $934,962 $12,247,717 $-51,211
2019 $788,071 $914,010 $11,543,310 $-125,939
2018 $766,741 $882,398 $10,155,573 $-115,657
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