MEDICAL EDUCATION & RESEARCH INSTI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DEVONYA E LONGINO

Phone

9017258855

Tax Period

2024-01-01 to 2024-12-31

MEDICAL EDUCATION & RESEARCH INSTITUTE, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $17.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $14.8M left a modest 14% surplus.

Mission

AT THE MERI, MEDICAL PROFESSIONALS ARE INTRODUCED TO THE LATEST INNOVATIONS IN MEDICINE, AND HAVE THE OPPORTUNITY TO LEARN FIRST-HAND ABOUT THE MOST UP-TO-DATE MEDICAL TECHNIQUES AND TECHNOLOGIES. THE MERI SUPPORTS RESEARCH IN ALL SPECIALTIES OF MEDICINE, PROVIDING PHYSICIANS WITH THE ENVIRONMENT NECESSARY FOR DEVELOPING, TESTING AND REFINING THE LATEST MEDICAL PROCEDURES AND DEVICES. THE MERI ALSO PROVIDES PHYSICIANS WITH AN INVALUABLE AND AUTHENTIC OPERATING ROOM TRAINING EXPERIENCE. THE MERI ALSO PROVIDES HANDS-ON TRAINING FOR NURSES, CRNA'S, RESPIRATORY THERAPISTS, FIRST RESPONDERS AND OTHER HEALTHCARE PROVIDERS. MERI'S MISSION IS TO PROMOTE HEALTH AND WELFARE BY PROVIDING QUALITY MEDICAL EDUCATION AND HANDS ON TRAINING, AND TO PROMOTE AND FOSTER RESEARCH IN ALL AREAS OF MEDICINE FOR HEALTHCARE PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $12,344,779 Revenue: $16,099,667

THE MERI HAD A TOTAL OF 1,378 COURSES TAUGHT IN 2024. THEY INCLUDED 18,239 STUDENTS AND 23,325 PARTICIPANTS. THE PURPOSE OF THESE COURSES WAS TO TEACH PHYSICIANS, RESIDENTS, NURSES, AND OTHER MEDICAL PERSONNEL VARIOUS NEW MEDICAL PROCEDURES. ALSO, THE MERI HAD NO SIMULATION COURSES THAT HELPED TRAIN EMERGENCY MEDICAL STAFF, FIREMAN, MILITARY, AND CIVILIANS ON DISASTER DRILLS AND PROCEDURES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,184

Program Service Revenue $16,121,854

Investment Income $1,007,098

Other Revenue $0

TOTAL REVENUE $17,202,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,966,315

Fundraising Expenses $20,319

Program Expenses $12,344,779

Other Expenses $8,879,988

TOTAL EXPENSES $14,846,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,202,136	$15,550,999	+0.1%
Expenses	$14,846,303	$13,382,864	+0.1%
Net Income	$2,355,833	$2,168,135	+0.1%

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

Governance

Voting Members

Independent Members

Employees

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

$538,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KEVIN T FOLEY	CHAIRMAN/MEDICAL DIRECTOR	2.00	Officer Director	$0	$0	$0
DR JON H ROBERTSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR JAKE LANCASTER	SECRETARY	2.00	Officer Director	$0	$0	$0
DR MATTHEW T BALLO	BOARD MEMBER	2.00	Director	$0	$0	$0
DR ADAM S ARTHUR	BOARD MEMBER	2.00	Director	$0	$0	$0
CHUCK LANE	BOARD MEMBER	2.00	Director	$0	$0	$0
DR NIKKI S POLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY HALLUM-STEWART	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE LIPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT PATTERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY YOUNG	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON OWENS	EXECUTIVE DIRECTOR	40.00	Officer	$293,712	$23,546	$317,258
DEVONYA E LONGINO	DIRECTOR OF FINANCE	40.00	Officer	$200,141	$21,144	$221,285
TAURUS ROGERS	MOBILE EDUCATION COORDINAT	40.00	Highest	$142,023	$0	$142,023
TONY BERNIL	OPERATIONS MANAGER	40.00	Highest	$137,213	$0	$137,213
DANIEL LAWRENCE	EDUCATION/RESEARCH PLANNIN	40.00	Highest	$139,070	$0	$139,070
WILLIAM WILLIAMSON	MOBILE LOGISTICS CORDINATO	40.00	Highest	$115,264	$0	$115,264
ROBIN BOZARTH	GENESIS MANAGER	40.00	Highest	$124,059	$0	$124,059

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	$17,202,136	$14,846,303	$32,855,376	$2,355,833
2023	$15,550,999	$13,382,864	$29,169,019	$2,168,135
2022	$16,524,013	$13,479,157	$26,497,278	$3,044,856
2021	$14,599,708	$11,167,497	$23,598,104	$3,432,211
2020	$8,204,974	$8,300,610	$20,395,640	$-95,636
2019	$13,347,229	$10,906,961	$21,183,689	$2,440,268
2018	$12,636,282	$10,458,185	$19,113,210	$2,178,097

MEDICAL EDUCATION & RESEARCH INSTITUTE