Form 990 for tax year 2023
Filed by MEDICAL EDUCATION ASSISTANCE CORPORATION.
Totals
- Total revenue
- $68,007,907
- Total expenses
- $67,047,889
- Contributions and grants received
- $0
- Grants paid
- $3,147,188
- Program service revenue
- $65,482,640
- Investment income
- $2,169,339
- Other revenue
- $355,928
- Total assets, end of year
- $53,309,119
- Total liabilities, end of year
- $11,915,433
- Net assets or fund balances, end of year
- $41,393,686
- Program services expenses (Part IX)
- $63,855,208
- Management and general expenses
- $3,192,681
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $63,855,208
Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: OUTPATIENT REVENUE
total $50,260,968 · related or exempt $50,260,968
-
2b · Program service revenue: HOSPITAL REVENUE
total $32,163,469 · related or exempt $32,163,469
-
2c · Program service revenue: OTHER CONTRACT REVENUE
total $26,312,141 · related or exempt $26,312,141
-
2d · Program service revenue: OTHER HOSPITAL INCOME
total $2,105,945 · related or exempt $2,105,945
-
2e · Program service revenue: CONTRACTUAL ADJUSTMENTS
total -$45,359,883 · related or exempt -$45,359,883
-
3 · Investment income
total $1,357,040 · excluded $1,357,040
-
6a · Gross rents
real property $355,928
-
6c · Rental income or loss
real property $355,928
-
6d · Net rental income or loss
total $355,928 · excluded $355,928
-
7a · Gross sales of assets other than inventory
other assets $873,800
-
7b · Less cost or other basis and sales expenses
other assets $61,501
-
7c · Gain or loss
other assets $812,299
-
7d · Net gain or loss
total $812,299 · excluded $812,299
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,147,188 · program services $3,147,188
-
5 · Compensation of officers, directors and key employees
total $1,947,965 · program services $1,888,873 · management and general $59,092
-
7 · Other salaries and wages
total $39,130,974 · program services $37,943,921 · management and general $1,187,053
-
8 · Pension plan contributions
total $2,284,783 · program services $2,022,313 · management and general $262,470
-
9 · Other employee benefits
total $2,046,186 · program services $2,010,242 · management and general $35,944
-
10 · Payroll taxes
total $2,223,209 · program services $2,146,726 · management and general $76,483
-
11b · Fees: legal
total $322,192 · program services $37,588 · management and general $284,604
-
11c · Fees: accounting
total $26,750 · management and general $26,750
-
11g · Fees: other
total $2,782,290 · program services $2,293,985 · management and general $488,305
-
12 · Advertising and promotion
total $240,169 · program services $236,423 · management and general $3,746
-
13 · Office expenses
total $3,325,091 · program services $3,294,047 · management and general $31,044
-
16 · Occupancy
total $804,724 · program services $728,799 · management and general $75,925
-
17 · Travel
total $132,175 · program services $107,112 · management and general $25,063
-
19 · Conferences, conventions and meetings
total $116,911 · program services $114,353 · management and general $2,558
-
20 · Interest
total $122,316 · management and general $122,316
-
22 · Depreciation, depletion and amortization
total $2,529,506 · program services $2,324,885 · management and general $204,621
-
23 · Insurance
total $1,097,471 · program services $918,297 · management and general $179,174
-
24a · Other expenses: BAD DEBT
total $3,060,497 · program services $3,060,497
-
24b · Other expenses: OTHER OFFICE EXPENSE
total $658,854 · program services $604,560 · management and general $54,294
-
24c · Other expenses: PROFESSIONAL DUES
total $302,571 · program services $277,093 · management and general $25,478
-
24d · Other expenses: EDP SERVICES
total $280,582 · program services $280,582
-
24e · All other expenses
total $465,485 · program services $417,724 · management and general $47,761
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,042,548 · end of year $2,032,376
-
2 · Savings and temporary cash investments
beginning of year $8,796,749 · end of year $20,529,010
-
4 · Accounts receivable
beginning of year $7,215,889 · end of year $11,390,266
-
9 · Prepaid expenses and deferred charges
beginning of year $241,299 · end of year $212,244
-
10a · Land, buildings and equipment: cost or other basis
$11,125,238
-
10b · Land, buildings and equipment: accumulated depreciation
$5,949,850
-
10c · Land, buildings and equipment, net
beginning of year $5,192,178 · end of year $5,175,388
-
11 · Investments: publicly traded securities
beginning of year $18,031,861 · end of year $9,276,416
-
14 · Intangible assets
beginning of year $5,077,820 · end of year $3,304,189
-
15 · Other assets
beginning of year $1,173,095 · end of year $1,389,230
-
17 · Accounts payable and accrued expenses
beginning of year $6,809,137 · end of year $8,668,010
-
19 · Deferred revenue
beginning of year $1,156,497 · end of year $1,349,210
-
23 · Secured mortgages and notes payable
beginning of year $1,396,145 · end of year $1,163,310
-
25 · Other liabilities
beginning of year $2,152,521 · end of year $734,903
-
27 · Net assets without donor restrictions
beginning of year $40,257,139 · end of year $41,393,686
Mission and programs · 2023
Mission
SERVE THE HEALTHCARE NEEDS OF OUR PATIENTS, OFFERING A COMPREHENSIVE RANGE OF HEALTH CARE SERVICES FOR PEOPLE OF ALL AGES, EDUCATE OUR STUDENTS AND RESIDENTS, AND IMPROVE THE OVERALL HEALTH OF THE PEOPLE OF THIS REGION.
-
MEAC SUPPORTS THE TEACHING OF APPROXIMATELY 500 MEDICAL STUDENTS AND RESIDENTS BY PROVIDING MEDICAL CARE TO THE GENERAL PUBLIC. IN ADDITION TO THE SALARY SUPPLEMENTS AND EXPENSES PAID DIRECTLY BY MEAC ON BEHALF OF ETSU FOUNDATION.
Expenses $63,855,208 · Grants $3,147,188 · Revenue $65,482,640
As filed on the 2023 return.
Listed in Part VII
-
Brad FeltisBRAD FELTIS
DIRECTOR
- Total calculated
- $952,821
- From this org
- $510,200
- From related orgs
- $374,028
- Other
- $68,593
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $510,200 + $374,028 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $29,700 related
- Nontaxable benefits
- not reported + $19,093 related
- Filer's total
- $530,000 + $422,821 related
-
William BlockWILLIAM BLOCK
PRESIDENT
- Total calculated
- $885,888
- From this org
- $106,176
- From related orgs
- $684,856
- Other
- $94,856
- Hours/week
- 20 + 30 related
Schedule J breakdown matched by us
- Base
- $106,176 + $684,856 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,371 + $72,286 related
- Nontaxable benefits
- not reported + $16,199 related
- Filer's total
- $112,547 + $773,341 related
-
J Bracken BurnsJ BRACKEN BURNS
DIRECTOR
- Total calculated
- $761,434
- From this org
- $433,654
- From related orgs
- $264,312
- Other
- $63,468
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $433,654 + $264,312 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $24,575 related
- Nontaxable benefits
- not reported + $19,093 related
- Filer's total
- $453,454 + $307,980 related
-
Vijay K RamuVIJAY K RAMU
PHYSICIAN
- Total calculated
- $716,712
- From this org
- $472,490
- From related orgs
- $167,674
- Other
- $76,548
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $472,490 + $167,674 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $37,669 related
- Nontaxable benefits
- not reported + $19,079 related
- Filer's total
- $492,290 + $224,422 related
-
Aleksandr FuksALEKSANDR FUKS
DIRECTOR
- Total calculated
- $661,308
- From this org
- $79,110
- From related orgs
- $545,769
- Other
- $36,429
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $79,110 + $545,769 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,000 + $16,500 related
- Nontaxable benefits
- not reported + $15,929 related
- Filer's total
- $83,110 + $578,198 related
-
Devapiran JaishankarDEVAPIRAN JAISHANKAR
DIRECTOR
- Total calculated
- $625,217
- From this org
- $415,944
- From related orgs
- $165,349
- Other
- $43,924
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $415,944 + $165,349 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $16,741 related
- Nontaxable benefits
- not reported + $7,383 related
- Filer's total
- $435,744 + $189,473 related
-
Robert T Means JrROBERT T MEANS JR
DIRECTOR
- Total calculated
- $611,292
- From this org
- $12,329
- From related orgs
- $507,053
- Other
- $91,910
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $12,329 + $507,053 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $370 + $72,477 related
- Nontaxable benefits
- not reported + $19,063 related
- Filer's total
- $12,699 + $598,593 related
-
Roland K HuffakerROLAND K HUFFAKER
DIRECTOR
- Total calculated
- $582,487
- From this org
- $357,831
- From related orgs
- $167,928
- Other
- $56,728
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $357,831 + $167,928 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $17,849 related
- Nontaxable benefits
- not reported + $19,079 related
- Filer's total
- $377,631 + $204,856 related
-
Daniel F HaynesDANIEL F HAYNES
PHYSICIAN
- Total calculated
- $576,007
- From this org
- $425,899
- From related orgs
- $112,405
- Other
- $37,703
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $425,899 + $112,405 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,400 + $11,241 related
- Nontaxable benefits
- not reported + $62 related
- Filer's total
- $452,299 + $123,708 related
-
Sherry HolmesSHERRY HOLMES
CMO
- Total calculated
- $563,071
- From this org
- $230,988
- From related orgs
- $273,228
- Other
- $58,855
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $230,988 + $273,228 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $13,859 + $28,797 related
- Nontaxable benefits
- not reported + $16,199 related
- Filer's total
- $244,847 + $318,224 related
-
Deidre PierceDEIDRE PIERCE
DIRECTOR
- Total calculated
- $556,613
- From this org
- $80,652
- From related orgs
- $460,524
- Other
- $15,437
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $80,652 + $460,524 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,389
- Nontaxable benefits
- not reported + $11,048 related
- Filer's total
- $85,041 + $471,572 related
-
Darshan Surendka ShahDARSHAN SURENDKA SHAH
DIRECTOR
- Total calculated
- $520,151
- From this org
- $365,912
- From related orgs
- $94,047
- Other
- $60,192
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $365,912 + $94,047 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,800 + $21,327 related
- Nontaxable benefits
- not reported + $19,065 related
- Filer's total
- $385,712 + $134,439 related
-
Dawn TuellDAWN TUELL
DIRECTOR
- Total calculated
- $515,551
- From this org
- $41,137
- From related orgs
- $417,332
- Other
- $57,082
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $41,137 + $417,332 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,291 + $34,698 related
- Nontaxable benefits
- not reported + $19,093 related
- Filer's total
- $44,428 + $471,123 related
-
Martin E OlsenMARTIN E OLSEN
DIRECTOR
- Total calculated
- $459,366
- From this org
- $108,727
- From related orgs
- $294,569
- Other
- $56,070
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $108,727 + $294,569 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,698 + $31,173 related
- Nontaxable benefits
- not reported + $16,199 related
- Filer's total
- $117,425 + $341,941 related
-
William BrowderWILLIAM BROWDER
VICE PRESIDE
- Total calculated
- $443,299
- From this org
- $0
- From related orgs
- $392,418
- Other
- $50,881
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $392,418 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $34,698 related
- Nontaxable benefits
- not reported + $16,183 related
- Filer's total
- not reported + $443,299 related
-
Reid BlackwelderREID BLACKWELDER
DIRECTOR
- Total calculated
- $441,880
- From this org
- $0
- From related orgs
- $390,999
- Other
- $50,881
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $390,999 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $34,698 related
- Nontaxable benefits
- not reported + $16,183 related
- Filer's total
- not reported + $441,880 related
-
Des R BhartiDES R BHARTI
PHYSICIAN
- Total calculated
- $435,681
- From this org
- $285,001
- From related orgs
- $100,910
- Other
- $49,770
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $285,001 + $100,910 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $22,800 + $10,831 related
- Nontaxable benefits
- not reported + $16,139 related
- Filer's total
- $307,801 + $127,880 related
-
Carlos FloresguerraCARLOS FLORESGUERRA
DIRECTOR
- Total calculated
- $395,985
- From this org
- $138,279
- From related orgs
- $208,625
- Other
- $49,081
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $138,279 + $208,625 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,062 + $21,855 related
- Nontaxable benefits
- not reported + $16,164 related
- Filer's total
- $149,341 + $246,644 related
-
Russell Eugene LewisRUSSELL EUGENE LEWIS
CEO
- Total calculated
- $390,043
- From this org
- $88,007
- From related orgs
- $261,986
- Other
- $40,050
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $88,007 + $261,986 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $23,867 related
- Nontaxable benefits
- not reported + $16,183 related
- Filer's total
- $88,007 + $302,036 related
-
M Salah ShurbajiM SALAH SHURBAJI
DIRECTOR
- Total calculated
- $357,528
- From this org
- $0
- From related orgs
- $316,576
- Other
- $40,952
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- not reported + $316,576 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $33,584 related
- Nontaxable benefits
- not reported + $7,368 related
- Filer's total
- not reported + $357,528 related
-
Kenneth E OliveKENNETH E OLIVE
DIRECTOR
- Total calculated
- $357,000
- From this org
- $14,223
- From related orgs
- $294,260
- Other
- $48,517
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $14,223 + $294,260 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $1,138 + $31,210 related
- Nontaxable benefits
- not reported + $16,169 related
- Filer's total
- $15,361 + $341,639 related
-
David LinvilleDAVID LINVILLE
DIRECTOR
- Total calculated
- $340,476
- From this org
- $0
- From related orgs
- $290,393
- Other
- $50,083
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $290,393 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $30,990 related
- Nontaxable benefits
- not reported + $19,093 related
- Filer's total
- not reported + $340,476 related
-
Blair ReeceBLAIR REECE
DIRECTOR
- Total calculated
- $333,231
- From this org
- $185,637
- From related orgs
- $107,443
- Other
- $40,151
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $185,637 + $107,443 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,138 + $9,944 related
- Nontaxable benefits
- not reported + $19,069 related
- Filer's total
- $196,775 + $136,456 related
-
Jason MooreJASON MOORE
DIRECTOR
- Total calculated
- $320,763
- From this org
- $0
- From related orgs
- $288,334
- Other
- $32,429
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $288,334 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,500 related
- Nontaxable benefits
- not reported + $15,929 related
- Filer's total
- not reported + $320,763 related
-
Kevin F BreuelKEVIN F BREUEL
DIRECTOR
- Total calculated
- $283,145
- From this org
- $126,439
- From related orgs
- $123,026
- Other
- $33,680
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $126,439 + $123,026 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $10,115 + $12,540 related
- Nontaxable benefits
- not reported + $11,025 related
- Filer's total
- $136,554 + $146,591 related
-
David Lee WoodDAVID LEE WOOD
DIRECTOR
- Total calculated
- $266,498
- From this org
- $6,142
- From related orgs
- $225,183
- Other
- $35,173
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $6,142 + $225,183 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $369 + $18,635 related
- Nontaxable benefits
- not reported + $16,169 related
- Filer's total
- $6,511 + $259,987 related
-
Elizabeth Ann HenleyELIZABETH ANN HENLEY
COO
- Total calculated
- $256,776
- From this org
- $167,272
- From related orgs
- $75,151
- Other
- $14,353
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $167,272 + $75,151 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $6,986 related
- Nontaxable benefits
- not reported + $7,367 related
- Filer's total
- $167,272 + $89,504 related
-
Matthew R KroilkowskiMATTHEW R KROILKOWSKI
PHYSICIAN
- Total calculated
- $237,994
- From this org
- $120,590
- From related orgs
- $83,096
- Other
- $34,308
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $120,590 + $83,096 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,235 + $8,009 related
- Nontaxable benefits
- not reported + $19,064 related
- Filer's total
- $127,825 + $110,169 related
-
Jonathan P MoormanJONATHAN P MOORMAN
DIRECTOR
- Total calculated
- $226,808
- From this org
- $6,663
- From related orgs
- $199,292
- Other
- $20,853
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $6,663 + $199,292 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- $533 + $20,320 related
- Nontaxable benefits
- not reported
- Filer's total
- $7,196 + $219,612 related
-
Jeffrey A SummersJEFFREY A SUMMERS
DIRECTOR
- Total calculated
- $23,320
- From this org
- $291
- From related orgs
- $19,763
- Other
- $3,266
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $291 + $19,763 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $1,927 related
- Nontaxable benefits
- not reported + $1,339 related
- Filer's total
- $291 + $23,029 related
-
Linda LatimerLINDA LATIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Allen MusilALLEN MUSIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Mark PattersonMARK PATTERSON
DIRECTOR
- Total calculated
- $0
-
Marta WaytMARTA WAYT
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
EAST TENNESSEE STATE UNIVERSITY
$2,570,788
MEDICAL EDUCATION
-
$576,400
MEDICAL EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
EAST TENNESSEE STATE UNIVERSITY
3 · EDUCATION · TN
-
3 · SUPPORT UN · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510169349301751
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