GlobeMed NFP

EIN: 760708721 501(c)(3)

Evanston, IL

Total Revenue
$250,724
Total Expenses
$363,472
Total Assets
$46,681
Net Assets
$41,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
PRIYA FREMERMAN
Phone
8477865716
Tax Period
2021-09-01 to 2022-08-31

GlobeMed NFP, founded in 2002, is a small nonprofit that reported $251K in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $363K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO STRENGTHEN THE MOVEMENT FOR GLOBAL HEALTH EQUITY BY EMPOWERING STUDENTS AND COMMUNITIES TO WORK TOGETHER TO IMPROVE THE HEALTH OF PEOPLE LIVING IN POVERTY AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $177,256 Revenue: $10,950

GLOBEMED AIMS TO ADVANCE GLOBAL HEALTH EQUITY BY MOBILIZING A COMMUNITY OF STUDENTS AND GRASSROOTS LEADERS TO WORK TOGETHER TO IMPROVE THE HEALTH OF PEOPLE AROUND THE WORLD. GLOBEMED ACCOMPLISHES...

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GLOBEMED AIMS TO ADVANCE GLOBAL HEALTH EQUITY BY MOBILIZING A COMMUNITY OF STUDENTS AND GRASSROOTS LEADERS TO WORK TOGETHER TO IMPROVE THE HEALTH OF PEOPLE AROUND THE WORLD. GLOBEMED ACCOMPLISHES THIS MISSION BY 1. MATCHING GROUNDBREAKING GRASSROOTS ORGANIZATIONS WITH UNIVERSITY-BASED STUDENT CHAPTERS TO ENHANCE STUDENTS LEADERSHIP DEVELOPMENT THROUGH EXPERIENTIAL LEARNING WITHIN LONG-TERM, ONE-TO-ONE PARTNERSHIPS; 2. PROVIDING ONGOING PARTNERSHIP SUPPORT AND FACILITATION SO THAT STUDENTS AND GRASSROOTS LEADERS CAN WORK TOGETHER MEANINGFULLY AND COLLECTIVELY ADVANCE COMMUNITY-DRIVEN HEALTH PROJECTS; 3. DEVELOPING & TRAINING STUDENTS TO PARTICIPATE IN THE GRASSROOTS ONSITE WORK (GROW) EXPERIENCE, WHICH SUPPORTS 3-5 STUDENTS PER CHAPTER TO INTERN (ON THE GROUND OR IN A RIGOROUS VIRTUAL SETTING) WITH THEIR GRASSROOTS PARTNERS IN ORDER TO DEVELOP A DEEPER UNDERSTANDING OF THEIR PARTNER COMMUNITY & THE FACTORS CONTRIBUTING TO GOOD HEALTH IN THEIR PARTNERS CONTEXT; 4. DESIGNING AND HOSTING AN ANNUAL LEADERSHIP INSTITUTE THAT BUILDS STUDENTS LEADERSHIP SKILLS AND PREPARES THEM TO SUCCESSFULLY MOBILIZE MEMBERS ON THEIR CAMPUS WITHIN THE GLOBEMED MODEL; 5. PROVIDING ONGOING STRENGTHS-BASED COACHING AND CUSTOMIZED SUPPORT FOR STUDENT LEADERS AT EVERY UNIVERSITY-BASED CHAPTER TO ADAPT THE GLOBEMED MODEL TO THEIR CAMPUS CONTEXT AND NAVIGATE THEIR UNIQUE EXPERIENCES; 6. DESIGNING AND HOSTING ONGOING VIRTUAL PROGRAMS TO INCREASE COLLECTIVE LEARNING AND SHARING ACROSS THE GLOBEMED NETWORKS 36 UNIVERSITY-BASED CHAPTERS, 5000+ ALUMNI, AND GRASSROOTS LEADERS IN 15 COUNTRIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $238,802
Program Service Revenue $10,950
Investment Income $11
Other Revenue $961
TOTAL REVENUE $250,724

Expense Breakdown

Grants Paid $20,550
Salaries & Benefits $304,349
Fundraising Expenses $114,559
Program Expenses $177,256
Other Expenses $38,573
TOTAL EXPENSES $363,472

Year-over-Year Comparison

2021 2020 Change
Revenue $250,724 $339,739 -0.3%
Expenses $363,472 $389,873 -0.1%
Net Income $-112,748 $-50,134 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
8
Volunteers
15

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
4
$56,128
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRIYA FREMERMAN Executive Dir. 40.00
Officer
$56,128 $0 $56,128
BRIAN HANSON President 2.00
Officer Director
$0 $0 $0
DOMINIQUE HAZZARD Secretary 2.00
Officer Director
$0 $0 $0
LAURA KNISLEY Treasurer 2.00
Officer Director
$0 $0 $0
Tana Chongsuwat Director 1.00
Director
$0 $0 $0
Anupa Gewali Director 1.00
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
2022 $250,724 $363,472 $46,681 $-112,748
2021 $339,739 $389,873 $166,855 $-50,134
2020 $362,784 $368,193 $270,098 $-5,409
2019 $371,268 $347,696 $227,319 $23,572
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