CEDAR RAPIDS MEDICAL EDUCATION FOUNDATION

EIN: 391894395 501(c)(3) Education

Cedar Rapids, IA

Total Revenue
$151,201
Total Expenses
$151,439
Total Assets
$61,516
Net Assets
$61,516
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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
1971
Legal Domicile
IA
Phone
3193697393
Tax Period
2024-07-01 to 2025-06-30

CEDAR RAPIDS MEDICAL EDUCATION FOUNDATION, founded in 1971, is a small nonprofit in the Education sector that reported $151K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

MEDICAL EDUCATION PROGRAM TO TRAIN RESIDENTS FROM UNIVERSITY OF IOWA AT UNITY POINT - ST LUKES HOSPITAL

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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 $0
Program Service Revenue $150,442
Investment Income $759
Other Revenue $0
TOTAL REVENUE $151,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $150,442
Other Expenses $151,439
TOTAL EXPENSES $151,439

Year-over-Year Comparison

2024 2023 Change
Revenue $151,201 $266,885 -0.4%
Expenses $151,439 $293,849 -0.5%
Net Income $-238 $-26,964 -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
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE NIERMANN DIRECTOR 2.00
Officer Director
$0 $0 $0
TIM QUINN CHAIR 2.00
Officer 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
2025 $151,201 $151,439 $61,516 $-238
2024 $266,885 $293,849 $61,754 $-26,964
2023 $223,029 $223,360 $88,718 $-331
2022 $206,062 $207,669 $89,049 $-1,607
2021 $320,708 $263,679 $90,656 $57,029
2020 $5,585,088 $5,910,322 $527,610 $-325,234
2019 $5,105,838 $5,064,990 $1,020,567 $40,848
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