Florida Emergency Medicine Teachin… - 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

2016

Legal Domicile

Phone

2142988785

Tax Period

2023-01-01 to 2023-12-31

Florida Emergency Medicine Teaching Alliance Inc, founded in 2016, is a small nonprofit in the Education sector that reported $656K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $753K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE CORPORATION PROVIDES SUPPORT FOR SCHOLARLY AND EDUCATIONAL ACTIVITIES IN THE FIELD OF EMERGENCY MEDICINE, INCLUDING EDUCATION OF MEDICAL STUDENTS AND RESIDENT PHYSICIANS.

Program Service Accomplishments

Program 1

Expenses: $666,977 Revenue: $656,150

FLORIDA EMERGENCY MEDICINE TEACHING ALLIANCE (FEMTA) PROVIDES EXPERIENCED EMERGENCY PHYSICIANS TO THE JACKSON MEMORIAL HEALTH SYSTEM/UNIVERSITY OF MIAMI MILLER SCHOOL OF MEDICINE TO ACT AS FACULTY AT THE HOLY CROSS HOSPITAL EMERGENCY RESIDENCY PROGRAM. FEMTA'S TEACHING CURRICULUM INCLUDES MULTIPLE MODALITIES OF LEARNING; SIMULATION, SMALL GROUP SESSIONS, REVIEW AND LECTURES. LECTURES ARE HELD AT THE RYDER TRAUMA CENTER OR AT THE GORDON CENTER FOR RESEARCH IN MEDICAL EDUCATION. ROTATION LOCATIONS INCLUDE JACKSON MEMORIAL HOSPITAL/RYDER TRAUMA CENTER, UNIVERSITY OF MIAMI HOSPITAL, MIAMI VA HOSPITAL AND HOLY CROSS HOSPITAL. ROTATIONS AT THESE DIFFERENT HOSPITALS PROVIDE RESIDENTS EXPERIENCE IN PRIVATE, ACADEMIC AND COUNTY HOSPITALS, AND PREPARES THEM FOR EITHER ACADEMIC OR PRIVATE CAREERS IN EMERGENCY MEDICINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $656,150

Investment Income $0

Other Revenue $0

TOTAL REVENUE $656,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,000

Fundraising Expenses $0

Program Expenses $666,977

Other Expenses $633,334

TOTAL EXPENSES $753,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,150	$593,587	+0.1%
Expenses	$753,334	$508,736	+0.5%
Net Income	$-97,184	$84,851	-2.1%

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

N/A

Volunteers

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

$60,000

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President	12.0	Officer Director	$60,000	$0	$60,000
N/A	Treasurer/CFO	4.0	Officer Director	$0	$0	$0
N/A	Director/Lecturer	8.0	Director	$60,000	$0	$60,000

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
2024	No data	No data	No data	No data
2023	$656,150	$753,334	$15,216	$-97,184
2022	$593,587	$508,736	$112,391	$84,851
2021	$538,453	$555,351	$27,540	$-16,898
2020	$400,199	$547,941	$44,438	$-147,742
2019	$683,410	$615,953	$192,180	$67,457
2018	$485,260	$393,923	$124,723	$91,337

Florida Emergency Medicine Teaching Alliance Inc