MIDDLETOWN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
NATIONAL INSTITUTE FOR MEDICAL ASSISTANT ADVANCEMENT INC. ("NIMAA")'S MISSION IS TO PROMOTE EDUCATION AND HEALTH BY ESTABLISHING, OPERATING EDUCATIONAL AND TRAINING PROGRAMS FOR THE EDUCATION OF MEDICAL ASSISTANTS AND SIMILAR HEALTH PROFESSIONALS. (SEE SCHEDULE O)NIMAA'S MISSION IS TO PROMOTE EDUCATION AND HEALTH ALSO INCLUDES:-DEVELOPING AND REFINING AN EDUCATIONAL AND TRAINING MODEL FOR MEDICAL ASSISTANTS AND SIMILIAR HEALTH PROFESSIONALS, AND- PROMOTING A MORE ADVANCED MODEL OF TRAINING MEDICAL ASSISTANTS AND SIMILAR HEALTH PROFESSIONALS FOR PRIMARY CARE THAT IS CONSISTENT WITH BEST PRACTICES FOR PERSON-CENTERED TEAM BASED CARE.
TO PROVIDE A NATIONAL, PROGRAM TO GRADUATE MEDICAL ASSISTANTS CAPABLE OF WORKING AS EFFECTIVE MEMBERS OF A MEDICAL TEAM IN FEDERALLY QUALIFIED HEALTH CENTERS (FQHC'S) AND OTHER HIGH-PERFORMING...
TO PROVIDE A NATIONAL, PROGRAM TO GRADUATE MEDICAL ASSISTANTS CAPABLE OF WORKING AS EFFECTIVE MEMBERS OF A MEDICAL TEAM IN FEDERALLY QUALIFIED HEALTH CENTERS (FQHC'S) AND OTHER HIGH-PERFORMING PRIMARY CARE ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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