NATIONAL FOUNDATION OF EMERGENCY MEDICINE INC

EIN: 272282141 501(c)(3) Health Care

BALTIMORE, MD

Total Revenue
$228,908
Total Expenses
$517,354
Total Assets
$5,412,640
Net Assets
$5,150,269
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MD
Principal Officer
DAVID M SHEEHAN
Phone
4439272162
Tax Period
2018-01-01 to 2018-12-31

NATIONAL FOUNDATION OF EMERGENCY MEDICINE INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $229K in total revenue in fiscal year 2018. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $517K exceeded revenue, resulting in a 126% operating deficit.

Mission

TO ENCOURAGE, SUPPORT AND FACILITATE CLINICAL RESEARCH IN ACADEMIC EMERGENCY MEDICINE; TO IMPROVE RESEARCH CAPABILITY IN EMERGENCY MEDICINE THROUGH THE SCHOLAR-MENTOR PROGRAM; TO FACILITATE MULTI-INSTITUTIONAL COLLABORATIVE RESEARCH EFFORTS; TO SEEK OUT GRANTS AND CONTRACTS FOR RESEARCH SOLELY DEDICATED TO EMERGENCY MEDICINE; TO PROMOTE THE MEANS TO IMPROVE ACADEMIC EMERGENCY MEDICINE ON A NATIONAL LEVEL; AND TO IMPROVE THE PARTICIPATION OF ACADEMIC EMERGENCY MEDICINE IN INDUSTRY-SPONSORED RESEARCH. THE PRIMARY FOCUS IS TO BUILD CAPACITY FOR CLINICAL RESEARCH AND TO SPONSOR RESEARCH IN EMERGENCY MEDICINE ON A NATIONAL LEVEL.

Program Service Accomplishments

Program 1
Expenses: $368,750

THE FIRST GROUP OF FIVE SCHOLARS (COHORT 1) COMPLETED THE REQUIREMENTS OF THE SCHOLAR-MENTOR PROGRAM, PRESENTED THEIR RESEARCH PAPERS AT THE NFEM ANNUAL MEETING, AND WERE INDUCTED INTO THE NFEM...

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THE FIRST GROUP OF FIVE SCHOLARS (COHORT 1) COMPLETED THE REQUIREMENTS OF THE SCHOLAR-MENTOR PROGRAM, PRESENTED THEIR RESEARCH PAPERS AT THE NFEM ANNUAL MEETING, AND WERE INDUCTED INTO THE NFEM SCHOLARS SOCIETY. THE SECOND GROUP OF FIVE SCHOLARS AND MENTORS (COHORT 2) , REPRESENTING MARYLAND, MASS GENERAL, BETH ISRAEL, UNIVERSITY OF CALIFORNIA AT SAN DIEGO AND ARIZONA, BEGAN THE PROGRAM ON MAY 1, 2019. FOLLOWING EXTENSIVE DISCUSSIONS BY AND BETWEEN THE ADVISORY BOARD, THE NFEM COMMITTEES AND THE NFEM BOARD, A DECISION WAS REACHED TO INCREASE THE NUMBER OF PARTICIPATING INSTITUTIONS FROM FIVE TO TEN AND TO BEGIN A THIRD GROUP OF FIVE SCHOLAR MENTORS (COHORT 3) ON OR BEFORE JANUARY 1, 2020. A NATIONWIDE EFFORT WAS UNDERTAKEN TO IDENTIFY QUALIFIED INSTITUTIONS AND SOLICIT THEIR INTEREST. FOLLOWING REVIEW BY THE ADVISORY BOARD AND THE NFEM BOARD, THE NFEM BOARD DECIDED TO ADD THE FOLLOWING FIVE INSTITUTIONS TO THE SCHOLAR MENTOR PROGRAM: MISSISSIPPI, COLUMBIA, WAKE FOREST, UNIVERSITY OF CALIFORNIA AT SAN FRANCISCO AND EMORY. THE SCHOLARS AND MENTORS FROM EACH OF THE FIVE INSTITUTIONS (COHORT 3) WILL BEGIN THE SCHOLAR-MENTOR PROGRAM ON OR BEFORE JANUARY 1, 2020. EACH OF THE FIVE INSTITUTIONS FOR COHORT #3 WILL BECOME MEMBERS OF THE NFEM ADVISORY BOARD WHICH WILL THEN BE COMPRISED OF 10 INSTITUTIONS.THE NFEM BOARD OF DIRECTORS, FOLLOWING EXTENSIVE REVIEW BY THE NFEM BOARD COMMITTEES, THE ADVISORY BOARD AND THE BOARD ITSELF, HAS DECIDED TO FORMALLY PARTICIPATE IN THE EUREKA INSTITUTE PROGRAM FOR TRANSLATIONAL MEDICINE. IN ITS FIRST YEAR, NFEM WILL PARTNER WITH THE UNIVERSITY OF ARIZONA EUREKA HUB AND THEREAFTER WILL SERVE AS ITS OWN NATIONAL EUREKA HUB. IN 2020, AND THEREAFTER, NFEM WILL BE ELIGIBLE TO SEND FOUR SCHOLARS AND ONE AMBASSADOR TO THE ONE WEEK TRAINING PROGRAM IN SIRACUSA ITALY. THE OVERALL GOAL FOR NFEM PARTICIPATION IN THE EUREKA PROGRAM IS THE ABILITY TO ADAPT THE EUREKA PROGRAM SPECIFICALLY TO SERVE THE NEEDS OF EMERGENCY MEDICINE, WHICH WOULD THEN BE THE FIRST SUCH PROGRAM IN THE UNITED STATES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $228,908
Other Revenue $0
TOTAL REVENUE $228,908

Expense Breakdown

Grants Paid $368,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $368,750
Other Expenses $148,604
TOTAL EXPENSES $517,354

Year-over-Year Comparison

2018 2017 Change
Revenue $228,908 $448,940 -0.5%
Expenses $517,354 $406,241 +0.3%
Net Income $-288,446 $42,699 -7.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
15

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ROSEN MD CHAIR THRU 5/16 EXEC. DIR. EFF 5/17 8.50
Officer Director
$0 $0 $0
MICHAEL A ROLNICK MD PRESIDENT 8.50
Officer Director
$0 $0 $0
HARVEY W MEISLIN MD VICE PRESIDENT 8.50
Officer Director
$0 $0 $0
DAVID TAYLOR MD VICE PRESIDENT 8.50
Officer Director
$0 $0 $0
DAVID M SHEEHAN SECRETARY/TREASURER 8.50
Officer Director
$0 $0 $0
CHARLES B CAIRNS BOARD MEMBER 8.50
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
2018 $228,908 $517,354 $5,412,640 $-288,446
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