CENTER FOR HEALTHCARE EDUCATION AND SIMULATION INC

EIN: 271081808 501(c)(3) Education

MADISON, WI

Total Revenue
$664,408
Total Expenses
$614,061
Total Assets
$1,270,188
Net Assets
$619,605
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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
2009
Legal Domicile
WI
Principal Officer
MICHAEL LAKE
Phone
6082272292
Tax Period
2024-07-01 to 2025-06-30

CENTER FOR HEALTHCARE EDUCATION AND SIMULATION INC, founded in 2009, is a small nonprofit in the Education sector that reported $664K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $614K left a modest 8% surplus.

Mission

THE MISSION AT CHES IS TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES TO FURTHER DEVELOP HEALTHCARE PROFESSIONALS IN OUR EVOLVING HEALTHCARE LANDSCAPE. OUR VISION AT CHES IS TO COLLABORATE WITH SOUTH CENTRAL WISCONSIN HEALTHCARE AND ACADEMIC PARTNERS TO BE THE PREFERRED RESOURCE FOR SIMULATION EXPERIENCES THAT BUILD UPON CLINICAL KNOWLEDGE AND COMPETENCE.

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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 $38,021
Program Service Revenue $616,833
Investment Income $7,709
Other Revenue $1,845
TOTAL REVENUE $664,408

Expense Breakdown

Grants Paid $7,076
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $425,666
Other Expenses $606,985
TOTAL EXPENSES $614,061

Year-over-Year Comparison

2024 2023 Change
Revenue $664,408 $606,019 +0.1%
Expenses $614,061 $602,073 +0.0%
Net Income $50,347 $3,946 +11.8%
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
6
Independent Members
6
Employees
N/A
Volunteers
8

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL LAKE PRESIDENT (EFF. 04/25) 1.00
Officer Director
$0 $0 $0
KARI BROOKS VICE PRESIDENT/SECRETARY 1.00
Officer Director
$0 $0 $0
KYLE BARBER TREASURER (EFF. 04/25) 1.00
Officer Director
$0 $0 $0
MARGARET NOREUIL DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE WILSON DIRECTOR (EFF. 07/24) 1.00
Director
$0 $0 $0
STACEY BEAVEN DIRECTOR (EFF. 03/25) 1.00
Director
$0 $0 $0
RANDY MALMQUIST FORMER PRESIDENT (TERM. 04/25) 1.00
Officer Director
$0 $0 $0
ELIZABETH MULLIKIN CEO AND EXECUTIVE DIRECTOR 40.00
Officer
$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 $664,408 $614,061 $1,270,188 $50,347
2024 $606,019 $602,073 $1,308,152 $3,946
2023 $608,353 $570,234 $1,327,233 $38,119
2022 $604,107 $545,101 $579,310 $59,006
2021 $606,937 $561,303 $527,361 $45,634
2020 $550,398 $537,232 $517,186 $13,166
2019 $563,006 $503,202 $486,337 $59,804
2018 $543,950 $461,857 $409,532 $82,093
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