The Foundation for Medical Excelle… - 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

1984

Legal Domicile

Principal Officer

TIMOTHY GOLDFARB

Phone

5032221960

Tax Period

2024-01-01 to 2024-12-31

The Foundation for Medical Excellence, founded in 1984, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Net assets of $3.2M represent 38 months of operating reserves.

Mission

TO PROMOTE EXCELLENCE IN MEDICINE, TO IMPROVE THE QUALITY OF HEALTHCARE AND TO ADVANCE SOUND HEALTH POLICY IN THE PACIFIC NORTHWEST THROUGH EDUCATION PROGRAMS, COLLABORATIVE INITIATIVES AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $875,427 Revenue: $111,713

MEDICAL EDUCATION PROGRAMS AND LECTURES TO ADDRESS COMMUNICATION SKILLS, MEDICAL DECISION-MAKING, PHYSICIAN WELL-BEING, MEDICAL PROFESSIONALISM, LEADERSHIP DEVELOPMENT, HEALTH POLICY AND FINANCING...

MEDICAL EDUCATION PROGRAMS AND LECTURES TO ADDRESS COMMUNICATION SKILLS, MEDICAL DECISION-MAKING, PHYSICIAN WELL-BEING, MEDICAL PROFESSIONALISM, LEADERSHIP DEVELOPMENT, HEALTH POLICY AND FINANCING AND EMERGING PRIORITIES FOR MEDICAL EDUCATION AND THE PREPARATION OF PHYSICIANS. PHYSICIAN WORK FORCE PRIORITIES ARE ALSO ADDRESSED BY A SCHOLARSHIP PROGRAM LINKED TO THE PROFESSIONAL DEVELOPMENT OF MEDICAL STUDENTS AND RESIDENTS TO MEET THE NEEDS OF THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $902,607

Program Service Revenue $26,413

Investment Income $70,710

Other Revenue $2,969

TOTAL REVENUE $1,002,699

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $173,914

Fundraising Expenses $9,870

Program Expenses $875,427

Other Expenses $789,019

TOTAL EXPENSES $982,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,002,699	$1,048,374	0.0%
Expenses	$982,933	$1,169,380	-0.2%
Net Income	$19,766	$-121,006	-1.2%

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

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

$166,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY GOLDFARB	President	20.00	Officer	$84,000	$0	$84,000
EDEN BAINTER	Managing Dir	20.00	Officer	$82,667	$0	$82,667
CHARLES KILO MD	Chairman	0.50	Officer Director	$0	$0	$0
KATHLEEN HALEY	Director	0.50	Director	$0	$0	$0
WILLIAM JOHNSON MD	Director	0.50	Director	$0	$0	$0
LEWIS LOW MD	Director	0.50	Director	$0	$0	$0
ATIF ZAMAN MD	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	$1,002,699	$982,933	$3,170,365	$19,766
2023	$1,048,374	$1,169,380	$3,062,357	$-121,006
2022	$562,962	$865,556	$2,932,096	$-302,594
2021	$350,531	$513,337	$3,693,965	$-162,806
2020	$860,328	$667,664	$3,574,522	$192,664
2019	$461,743	$781,440	$3,153,760	$-319,697
2018	$518,367	$570,074	$3,177,182	$-51,707

The Foundation for Medical Excellence