Western Reserve Health Education Inc
- Assets
- $5.4m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 109
- Location
- Westwood, MA
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 45-2409508
Organization Overview
Western Reserve Health Education Inc is located in Westwood, MA. The organization was established in 2016. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Western Reserve Health Education Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Reserve Health Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Western Reserve Health Education Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WESTERN RESERVE HEALTH EDUCATION("WRHE")IS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION WHOSE MISSION IS TO PROVIDE LIFELONG LEARNING OPPORTUNITIES FOR PHYSICIANS AND HEALTH CARE PROFESSIONALS IN ALL AREAS OF CLINICAL CARE AND RESEARCH BY PROVIDING DIVERSE EDUCATIONAL ACTIVITIES THAT AIM TO INCREASE KNOWLEDGE, ATTITUDE, AND SKILLS; ENHANCE PRACTICE PERFORMANCE, AND; IMPROVVE THE HEALTH STATUS OF OUR PATIENTS AND COMMUNITIES WE SERVE. WRHE HAS FIVE DEPARTMENTS AIMED AT FULFILLING THIS MISSION: GRADUATE MEDICAL EDUCATION, UNDERGRADUATE MEDICAL EDUCATION, CONTINUING MEDIAL EDUCATION,HEALTH SCIENCE LIBRARY AND RESEARCH. WRHE PROVIDES QUALITY MEDICAL CARE TO THE CITIZENS OF OHIO AT REDUCED RATES OR NO COST TO THOSE CITIZENS WHO LACK APPROPRIATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WESTERN RESERVE HEALTH EDUCATION (WRHE) EDUCATED 70 NEWLY GRADUATED PHYSICIANS IN OUR GRADUATE MEDICAL EDUCATION PROGRAM IN THREE SPECIALTIES. OF THOSE 70 PHYSICIANS, 18 GRADUATED AND BECAME BOARD CERTIFIED IN THEIR RESPECTIVE SPECIALTY. DURING 2023, WRHE ALSO EDUCATED 480 MEDICAL STUDENTS. WRHE CONDUCTED 136 CME EVENTS WITH 740 PRACTICING PHYSICIANS ATTENDING THE 136 CME EDUCATION EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly P Howe PHD President | OfficerTrustee | 40 | $141,972 |
Heather Chunn Treasurer | OfficerTrustee | 1 | $0 |
Diana Devito Vice Chair | OfficerTrustee | 1 | $0 |
Dianne Bitonte Miladore MD Director | Trustee | 1 | $0 |
Lawrence Goldstein MD Chairman | OfficerTrustee | 1 | $0 |
Gabriel Palmer-Fernandez PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Rich Md Program Service | 12/30/22 | $225,000 |
Peter Devito Md Program Service | 12/30/22 | $156,842 |
Munir Shah Md Program Service | 12/30/22 | $120,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,797,552 |
| Investment income | $1,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,801,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,972 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,919,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $649,246 |
| Payroll taxes | $352,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,103,502 |
| Advertising and promotion | $0 |
| Office expenses | $6,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $13,233 |
| Total functional expenses | $7,412,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,427 |
| Savings and temporary cash investments | $4,087,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,003,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,238 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539 |
| Total assets | $5,394,356 |
| Accounts payable and accrued expenses | -$1,875,114 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,892,461 |
| Total liabilities | $17,347 |
| Net assets without donor restrictions | $5,377,009 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,394,356 |