FOUNDATION FOR OSTEOPATHIC EMERGENCY MEDICINE

EIN: 364236714 501(c)(3) Education

CHICAGO, IL

Total Revenue
$125,714
Total Expenses
$131,728
Total Assets
$325,332
Net Assets
$324,913
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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
1998
Legal Domicile
IL
Principal Officer
MIKE ALLSWEDE
Phone
3125871765
Tax Period
2018-01-01 to 2018-12-31

FOUNDATION FOR OSTEOPATHIC EMERGENCY MEDICINE, founded in 1998, is a small nonprofit in the Education sector that reported $126K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Net assets of $325K represent 31 months of operating reserves.

Mission

TO PROVIDE PHILANTHROPIC SUPPORT FOR THE EDUCATION OF AND RESEARCH BY OSTEOPATHIC EMERGENCY PHYSICIANS AND TO ENSURE THE FUTURE OF OSTEOPATHIC EMERGENCY MEDICINE BY PROVIDING ACADEMIC AWARDS, RESEARCH GRANTS AND FINANCIAL SUPPORT FOR CONTINUING MEDICAL 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 (2018)

Revenue Breakdown

Contributions & Grants $102,478
Program Service Revenue $0
Investment Income $10,866
Other Revenue $12,370
TOTAL REVENUE $125,714

Expense Breakdown

Grants Paid $11,479
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $71,480
Other Expenses $120,249
TOTAL EXPENSES $131,728

Year-over-Year Comparison

2018 2017 Change
Revenue $125,714 $150,793 -0.2%
Expenses $131,728 $141,831 -0.1%
Net Income $-6,014 $8,962 -1.7%
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
12
Independent Members
11
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
5
$110,169
Total Directors
12
$3,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HOLLOSI PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE ALLSWEDE PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
WILLIAM LYNCH JR SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
SHERRY D TURNER IMMEDIATE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JOE KISSINGER DIRECTOR 0.50
Director
$0 $0 $0
BETH LONGENECKER DIRECTOR 0.50
Director
$0 $0 $0
KEVIN MCLENDON DIRECTOR 0.50
Director
$0 $0 $0
VICTOR J SCALI DIRECTOR 0.50
Director
$0 $0 $0
ROBERT SUTER DIRECTOR 0.50
Director
$0 $0 $3,600
SHELLY ZIMMERMAN DIRECTOR 0.50
Director
$0 $0 $0
JASPER YUNG DIRECTOR 0.50
Director
$0 $0 $0
JOHN ASHURST DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE WHITMER EXECUTIVE DIRECTOR 1.00
Officer
$0 $4,784 $110,169
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 $125,714 $131,728 $325,332 $-6,014
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