CERTIFIED MEDICAL REPRESENTATIVES INSTITUTE INC

EIN: 540807776 501(c)(3)

ROANOKE, VA

Total Revenue
$2,720,652
Total Expenses
$2,925,951
Total Assets
$3,738,388
Net Assets
$3,174,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
VA
Principal Officer
SHARON LUSTIG
Phone
5407253847
Tax Period
2023-07-01 to 2024-06-30

CERTIFIED MEDICAL REPRESENTATIVES INSTITUTE INC, founded in 1966, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION IS DEDICATED TO SERVING THE PROFESSIONAL DEVELOPMENT NEEDS OF LIFE SCIENCE PROGRAMS BY PROVIDING INNOVATIVE LEARNING STRATEGIES AND RESOURCES TO ADVANCE KNOWLEDGE AND ENHANCE HEALTHCARE.

Program Service Accomplishments

Program 1
Expenses: $1,662,695 Revenue: $2,513,271

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE CONTINUING EDUCATION TO MEMBERS OF THE HEALTHCARE INDUSTRY FOR THE INTENTION OF IMPROVING PATIENT CARE.WHO WE ARECMR INSTITUTE (CERTIFIED...

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THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE CONTINUING EDUCATION TO MEMBERS OF THE HEALTHCARE INDUSTRY FOR THE INTENTION OF IMPROVING PATIENT CARE.WHO WE ARECMR INSTITUTE (CERTIFIED MEDICAL REPRESENTATIVES INSTITUTE) IS AN INDEPENDENT, NOT-FOR-PROFIT HEALTHCARE EDUCATIONAL PROVIDER FOUNDED BY PHYSICIANS IN 1966 IN RESPONSE TO THE NEED TO INCREASE THERAPEUTIC KNOWLEDGE THROUGH SCIENTIFIC EDUCATION; TO FACILITATE EFFECTIVE CLINICIAN INTERACTIONS; AND TO ENHANCE BUSINESS EXPERTISE TO UNDERSTAND INDUSTRY CHALLENGES.OUR MISSIONCMR INSTITUTE IS DEDICATED TO PROVIDING UNBIASED, CURRENT AND APPLICABLE INFORMATION WHILE INCREASING THE KNOWLEDGE, SKILLS AND UNDERSTANDING OF THE ISSUES AFFECTING HEALTHCARE TODAY. CMR INSTITUTE'S MISSION HAS ALWAYS BEEN AND REMAINS TO ADVANCE KNOWLEDGE TO ENHANCE HEALTHCARE.OUR FACULTYCMR INSTITUTE'S DISTINGUISHED FACULTY OF HEALTHCARE PROFESSIONALS AND LEADING SUBJECT MATTER EXPERTS FROM PRESTIGIOUS UNIVERSITIES AND ACADEMIC MEDICAL CENTERS ACROSS THE COUNTRY ASSIST IN DEVELOPING AND MAINTAINING AN UP-TO-DATE CURRICULUM RELEVANT TO TODAY'S HEALTHCARE CHALLENGES.OUR CURRICULUMCMR INSTITUTE USES A TEAM OF EXPERIENCED INSTRUCTIONAL DESIGNERS AND WRITERS WHO APPLY SOLID INSTRUCTIONAL DESIGN STRATEGIES TO ENHANCE THE ADULT LEARNING EXPERIENCE FOR MAXIMUM EFFECTIVENESS. COURSES PROVIDE HEALTHCARE PROFESSIONALS WITH VITAL KNOWLEDGE TO MORE EFFECTIVELY INTERACT WITH TODAY'S MEDICAL PROFESSIONALS TO IMPROVE PATIENT CARE.

Program 2

N/A

Program 3

N/A

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,510,565
Investment Income $207,381
Other Revenue $2,706
TOTAL REVENUE $2,720,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,790,373
Fundraising Expenses $0
Program Expenses $1,662,695
Other Expenses $1,135,578
TOTAL EXPENSES $2,925,951

Year-over-Year Comparison

2023 2022 Change
Revenue $2,720,652 $2,276,982 +0.2%
Expenses $2,925,951 $2,766,753 +0.1%
Net Income $-205,299 $-489,771 -0.6%
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
12
Independent Members
11
Employees
21
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
$505,190
Total Directors
12
$322,055
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY FARBER DIRECTOR 5.00
Officer Director
$4,500 $0 $4,500
BARBARA B LOCKEE CHAIR 5.00
Officer Director
$750 $0 $750
PARTHA ANBIL DIRECTOR 5.00
Director
$1,750 $0 $1,750
MARK SORRENTINO DIRECTOR 5.00
Director
$6,500 $0 $6,500
JASON GAINES DIRECTOR 5.00
Director
$2,000 $0 $2,000
DAWN BREHM DIRECTOR 5.00
Director
$1,250 $0 $1,250
TERRELL HERRING DIRECTOR 5.00
Director
$1,250 $0 $1,250
SHARON CONFESSORE DIRECTOR 5.00
Director
$1,750 $0 $1,750
ANDREW KRUMERMAN DIRECTOR 5.00
Director
$1,750 $0 $1,750
MAYAH CURTIS DIRECTOR 5.00
Director
$750 $0 $750
TIMOTHY KERN DIRECTOR 5.00
Director
$1,750 $0 $1,750
MICHELLE O'CONNOR PRESIDENT/CEO 37.50
Officer Director
$283,828 $14,227 $298,055
SHARON LUSTIG SR. VICE PRESIDENT OF CLIENT SOLUTIONS 37.50
Officer
$119,430 $11,105 $130,535
DANA LONG SECRETARY/TREASURER 37.50
Officer
$65,998 $5,352 $71,350
LORRI BLANK SR. DIRECTOR OF CLIENT DEVELOPMENT 37.50
Highest
$160,719 $11,889 $172,608
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 No data No data No data No data
2024 $2,720,652 $2,925,951 $3,738,388 $-205,299
2023 $2,276,982 $2,766,753 $3,688,645 $-489,771
2022 $2,706,911 $2,634,697 $4,128,783 $72,214
2021 $3,074,486 $2,321,004 $4,241,334 $753,482
2020 $3,082,044 $2,247,811 $3,280,986 $834,233
2019 $2,248,300 $2,267,439 $2,359,481 $-19,139
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