MICHIGAN CITY, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHERN INDIANA EDUCATION FOUNDATION INC, founded in 1986, is a small nonprofit that reported $501K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $967K exceeded revenue, resulting in a 93% operating deficit.
*MEDICAL EDUCATION, MEDICAL LIBRARY SERVICES, AND PROMOTING HEALTH IN THE COMMUNITY.
NORTHERN INDIANA EDUCATION FOUNDATION, INC. (NIEF) PROMOTES AND SUPPORTS EDUCATION IN NORTHERN INDIANA, WITH A SPECIFIC EMPHASIS ON MEDICALLY RELATED ACTIVITIES. NIEF RAISES FUNDS, MAINTAINS A...
NORTHERN INDIANA EDUCATION FOUNDATION, INC. (NIEF) PROMOTES AND SUPPORTS EDUCATION IN NORTHERN INDIANA, WITH A SPECIFIC EMPHASIS ON MEDICALLY RELATED ACTIVITIES. NIEF RAISES FUNDS, MAINTAINS A MEDICAL LIBRARY, CONDUCTS EDUCATIONAL PROGRAMS, PROVIDES ADMINISTRATIVE SUPPORT AND FUNDS VARIOUS CONTRACTUAL RELATIONSHIPS FOR LAKESHORE MEDICAL TRAINING PROGRAMS, INC.EXEMPT PURPOSE ACHIEVEMENTS:THE FOUNDATION PROVIDES CONTINUING EDUCATION PROGRAMS ACCREDITED BY THE INDIANA STATE MEDICAL ASSOCIATION AND THE IACET, FOR PHYSICIANS, NURSES AND OTHER HEALTHCARE PROFESSIONALS. THE FOUNDATION'S ADMINISTRATIVE STAFF MAINTAINS CME AND CEU RECORDS FOR ALL ATTENDEES. DURING 2023, NIEF SPONSORED 3,948 CME CREDITS OF CONTINUING MEDICAL EDUCATION FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. NIEF MAINTAINED CME RECORDS FOR 2,028 PHYSICIAN ATTENDEES AND 3,246 NON-PHYSICIANS.THE FOUNDATION FUNDED PROGRAMS AND PROVIDED TEACHERS AND ADMINISTRATIVE STAFF TO TRAIN NURSING AIDS THROUGH THE LAKESHORE MEDICAL TRAINING PROGRAMS. THE FOUNDATION MAINTAINS A COMPREHENSIVE MEDICAL LIBRARY SERVICE, STAFFED BY A FULL TIME MEDICAL LIBRARIAN, TO MEET THE RESEARCH NEEDS OF THE STUDENTS AND OTHER HEALTHCARE PROFESSIONALS. DURING 2023, THE MEDICAL LIBRARIAN PROVIDED INTERLIBRARY LOANS (BORROWED AND LOANED) ON 1,775 OCCASIONS, PERFORMED 148 SEARCHES, AND FILLED 349 REQUESTS ONLINE.THE FOUNDATION'S FACILITIES PROVIDED SPACE FOR MEETINGS AND OTHER MEDICAL EDUCATIONAL FUNCTIONS.
THE FOUNDATION PROVIDES, AT NO CHARGE, OFFICE SPACE TO OPEN DOOR COMMUNITY ALLIANCE A 501(C)(3). THE OPEN DOOR PROVIDES MEDICAL ASSISTANCE TO THE UNINSURED FOR MEDICAL SERVICES AND PRESCRIPTION...
THE FOUNDATION PROVIDES, AT NO CHARGE, OFFICE SPACE TO OPEN DOOR COMMUNITY ALLIANCE A 501(C)(3). THE OPEN DOOR PROVIDES MEDICAL ASSISTANCE TO THE UNINSURED FOR MEDICAL SERVICES AND PRESCRIPTION MEDICATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $500,644 | $939,992 | -0.5% |
| Expenses | $967,113 | $1,137,613 | -0.1% |
| Net Income | $-466,469 | $-197,621 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CRAIG V BRAJE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM HATHOOT | SECRETARY/TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM JAGGER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES T CALLAGHAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT B MCBRIDE MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DALE L BROWN | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER CRAIG | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS ROBERTS MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DEAN MAZZONI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GINA WATSON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$106,055 | $12,363 | $118,418 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $500,644 | $967,113 | $14,052,457 | $-466,469 |
| 2022 | $939,992 | $1,137,613 | $14,055,141 | $-197,621 |
| 2022 | $858,810 | $1,137,613 | $13,972,599 | $-278,803 |
| 2021 | $2,249,251 | $1,318,238 | $18,815,733 | $931,013 |
| 2020 | $2,677,586 | $1,531,035 | $18,672,852 | $1,146,551 |
| 2019 | $1,780,037 | $1,716,530 | $17,978,215 | $63,507 |
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