GRADUATE MEDICAL EDUCATION CONSORTIUM OF SOUTHWEST

EIN: 813537853 501(c)(3) Philanthropy & Grantmaking

WYTHEVILLE, VA

Total Revenue
$201,618
Total Expenses
$132,937
Total Assets
$418,775
Net Assets
$415,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Tax Period
2022-07-01 to 2023-06-30

GRADUATE MEDICAL EDUCATION CONSORTIUM OF SOUTHWEST, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $202K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 34% operating margin.

Mission

IMPROVE THE QUALITY OF PRIMARY CARE WITHIN SOUTHWEST VIRGINIA BY FORMING EDUCATIONAL PARTNERSHIPS OF LOCAL PHYSICIANS WITH PRIMARY CARE RESIDENCY PROGRAMS

Program Service Accomplishments

Program 1
Expenses: $40,509

RESEARCH SUPPORT: FACULTY, RESIDENTS, MEDICAL STUDENTS AND PRE-MEDICAL STUDENTS CAN APPLY FOR POSTER PRESENTATION OR SPEAKING ENGAGEMENT SUPPORT, FOR FIELD RESEARCH SUPPLIES AND EQUIPMENT. GMEC...

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RESEARCH SUPPORT: FACULTY, RESIDENTS, MEDICAL STUDENTS AND PRE-MEDICAL STUDENTS CAN APPLY FOR POSTER PRESENTATION OR SPEAKING ENGAGEMENT SUPPORT, FOR FIELD RESEARCH SUPPLIES AND EQUIPMENT. GMEC ASSESSES REQUESTS BASED ON THE PRESENTATION OF REGIONAL KNOWLEDGE BY REGIONAL PROFESSIONALS AT NATIONAL CONFERENCES, AND/OR THE BRINGING BACK OF SPECIFIC KNOWLEDGE BY RESIDENTS OR FACULTY INTENDING TO REMAIN IN THE AREA, WHO TEACH OTHER DOCTORS THE TECHNIQUE.

Program 2
Expenses: $35,445

HEAD FOR THE HILLS: ANNUAL CME CONFERENCEC FOR LOCAL DOCTORS. PROVIDE FREE TRAINING TO PROVIDERS, UPDATES ON CDC GUIDELINES FOR SUD CARE, AND PROVIDES NETWORK TIME FOR RESIDENTS TO MEET ESTABLISHED...

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HEAD FOR THE HILLS: ANNUAL CME CONFERENCEC FOR LOCAL DOCTORS. PROVIDE FREE TRAINING TO PROVIDERS, UPDATES ON CDC GUIDELINES FOR SUD CARE, AND PROVIDES NETWORK TIME FOR RESIDENTS TO MEET ESTABLISHED DOCTORS AT INDEPENDENT CLINICS FOR POTENTIAL HIRING LOCALLY.

Program 3
Expenses: $25,318

INMAN VILLAGE COMMUNITY NOURISHMENT PROJECT - PROVIDES PATHWAY PROGRAM FOR UNDERGRADUATES TO FIND SHADOWING OPPORTUNITIES, MEET MEDICAL STUDENTS AND FACULTY, AND ASSESS PROGRAMS THEY WOULD LIKE TO...

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INMAN VILLAGE COMMUNITY NOURISHMENT PROJECT - PROVIDES PATHWAY PROGRAM FOR UNDERGRADUATES TO FIND SHADOWING OPPORTUNITIES, MEET MEDICAL STUDENTS AND FACULTY, AND ASSESS PROGRAMS THEY WOULD LIKE TO APPLY TO; HELPS MEDICAL STUDENTS DEVELOP CULTURAL HUMILITY AS PART OF THEIR PATIENT PRACTICE; HELPS FACULTY INTERACT WITH STUDENTS IN FIELD PRACTICE FOR LATER CRITIQUE; COMBATS REGIONAL MEDICAL MISTRUST AND MISINFORMATION BY INTRODUCING PEOPLE IN RENT-CONTROLLED HOUSING TO MEDICAL PROFESSIONALS ON A SOCIAL LEVEL

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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 $164,758
Program Service Revenue $35,125
Investment Income $1,650
Other Revenue $85
TOTAL REVENUE $201,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,354
Fundraising Expenses $8,463
Program Expenses $101,272
Other Expenses $50,583
TOTAL EXPENSES $132,937

Year-over-Year Comparison

2022 2021 Change
Revenue $201,618 $256,339 -0.2%
Expenses $132,937 $145,524 -0.1%
Net Income $68,681 $110,815 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
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
5
$62,083
Total Directors
10
$0
Key Employees
1
$62,083
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY WELCH EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$62,083 $0 $62,083
LEE LEARMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN NEWBERRY BOARD MEMBER 1.00
Director
$0 $0 $0
TORI MAKAL BOARD MEMBER 1.00
Director
$0 $0 $0
WARD STEPHENS IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
LYNN ELLIOTT MEMBER AT LARGE 1.00
Director
$0 $0 $0
HOWARD CHAPMAN TREASURER 1.00
Director
$0 $0 $0
MATT LOOS VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATHY HOSIG BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ANYA COPE SECRETARY 1.00
Officer Director
$0 $0 $0
TRISHA FOLDS-BENETT CHAIR 1.00
Officer 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
2023 $201,618 $132,937 $418,775 $68,681
2022 $256,339 $145,524 $349,542 $110,815
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