FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH INC

EIN: 900519153 501(c)(3)

BALTIMORE, MD

Total Revenue
$397,953
Total Expenses
$655,124
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MD
Principal Officer
DR ANATOLY LANGER
Phone
4107522468
Tax Period
2022-10-01 to 2023-09-30

FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH INC, founded in 2009, is a small nonprofit that reported $398K in total revenue in fiscal year 2022. Expenses of $655K exceeded revenue, resulting in a 65% operating deficit.

Mission

THE FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH INC ("FMER") IS A CONTINUING MEDICAL EDUCATION ORGANIZATION FOCUSED ON THE IMPORTANCE OF MEDICAL EDUCATION AS AN INTEGRAL COMPONENT OF THE PROVISION OF QUALITY HEALTH CARE WHICH RECOGNIZES THAT THE PROFESSIONAL RESPONSIBILTY OF PHYSICIANS REQUIRES ONGOING AND CONTINUOUS LEARNING THOUGHOUT THEIR CAREERS.

Program Service Accomplishments

Program 1
Expenses: $526,679

THE FOUNDATION PROVIDES PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS WITH EDUCATIONAL OPPORTUNITIES THAT CONTRIBUTE TO THEIR PROFESSIONAL LEARNING, MAINTAIN CLINICAL COMPETENCE AND PERFORMANCE AND...

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THE FOUNDATION PROVIDES PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS WITH EDUCATIONAL OPPORTUNITIES THAT CONTRIBUTE TO THEIR PROFESSIONAL LEARNING, MAINTAIN CLINICAL COMPETENCE AND PERFORMANCE AND PROMOTE THE APPROPRIATE IMPLEMENTATION OF MEDICAL ADVANCES. THE FOUNDATION CREATES CONTINUING MEDICAL EDUCATION PROGRAMS AND PRESENTS THESE PROGRAMS TO PHYSICIANS.

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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 $396,473
Program Service Revenue $0
Investment Income $1,480
Other Revenue $0
TOTAL REVENUE $397,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $526,679
Other Expenses $655,124
TOTAL EXPENSES $655,124

Year-over-Year Comparison

2022 2021 Change
Revenue $397,953 N/A N/A
Expenses $655,124 $626,354 +0.0%
Net Income $-257,171 $-626,354 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
2
$315,000
Total Directors
2
$315,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ANATOLY LANGER PRESIDENT 20.00
Officer Director
$75,000 $0 $315,000
ELENA LIANNE GOLDIN VICE PRESIDENT 30.00
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 $397,953 $655,124 No data $-257,171
2022 No data $626,354 $732,591 No data
2021 $1,115,119 $2,448,191 $1,355,745 $-1,333,072
2021 No data $393,751 $2,304,066 No data
2020 No data $391,529 $2,693,324 No data
2019 $13 $421,671 $3,068,411 $-421,658
2018 $101 $90,733 $3,500,712 $-90,632
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