NATIONAL INSTITUTE FOR MEDICAL ASSISTANT ADVANCEMENT INC

EIN: 813293048 501(c)(3) Education

MIDDLETOWN, CT

Total Revenue
$1,530,454
Total Expenses
$2,178,480
Total Assets
$852,614
Net Assets
$-4,111,314
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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
2016
Legal Domicile
CT
Principal Officer
ELENA C THOMAS FAULKNER
Phone
7207109050
Tax Period
2022-07-01 to 2023-06-30

NATIONAL INSTITUTE FOR MEDICAL ASSISTANT ADVANCEMENT INC, founded in 2016, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 42% operating deficit.

Mission

EDUCATION AND TRAINING OF MEDICAL ASSISTANTS & SIMILAR HEALTH PROFESSIONALS

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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 (2022)

Revenue Breakdown

Contributions & Grants $233,489
Program Service Revenue $1,291,743
Investment Income $0
Other Revenue $5,222
TOTAL REVENUE $1,530,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,435,086
Fundraising Expenses $0
Program Expenses $1,767,941
Other Expenses $743,394
TOTAL EXPENSES $2,178,480

Year-over-Year Comparison

2022 2021 Change
Revenue $1,530,454 $737,064 +1.1%
Expenses $2,178,480 $1,622,466 +0.3%
Net Income $-648,026 $-885,402 -0.3%
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
7
Independent Members
4
Employees
20
Volunteers
4

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
$1,589,254
Total Directors
9
$1,848,452
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELENA C THOMAS FAULKNER CEO 40.00
Officer Director
$155,554 $18,348 $173,902
MARK MASSELLI CHAIRMAN 2.00
Officer Director
$0 $47,220 $859,753
MARK KEELEY TREASURER (UNTIL 5/2023) 2.00
Officer Director
$0 $613 $261,977
TILLMAN FARLEY DIRECTOR 0.50
Director
$0 $0 $0
NATASHA QUINN SECRETARY 2.00
Officer Director
$0 $5,017 $68,110
JASON PNIEWSKI TREASURER (FROM 5/2023) 2.00
Officer Director
$0 $23,690 $225,512
MARY BLANKSON DIRECTOR 2.00
Director
$0 $26,185 $259,198
STEPHANIE WROTEN DIRECTOR 0.50
Director
$0 $0 $0
JEANNINE PETERSON DIRECTOR 0.50
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,530,454 $2,178,480 $852,614 $-648,026
2022 $737,064 $1,622,466 $573,893 $-885,402
2021 $763,183 $1,455,896 $254,242 $-692,713
2020 $1,194,978 $1,661,829 $166,503 $-466,851
2019 $660,276 $1,438,056 $1,404,326 $-777,780
2019 $660,276 $1,438,056 $1,404,326 $-777,780
2018 $556,518 $1,186,330 $736,242 $-629,812
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