Overview
What is Montana Family Medicine Residency?
Montana Family Medicine Residency (MFMR) is a nonprofit organization situated in Billings, Montana. Its primary mission is to offer a medical educational residency program, fostering the growth of physicians in the field of family medicine. MFMR aims to equip its residents with the necessary education and training to competently practice family medicine in rural, frontier, or underserved communities upon graduation. During the 2021-22 academic year, seven residents completed their training, with each embarking on unique medical careers in various locations across the United States. The sports medicine fellow also completed their training and joined a nonsurgical orthopedics and sports medicine practice in Twin Falls, ID.
Official website here: www.mfmr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Montana Family Medicine Residency has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 78%. The organization's governance structure is robust, featuring a high percentage of independent board members and effective policies for conflict of interest, whistleblower protections, and document retention, which contribute positively to its operational integrity.
The organization demonstrates strong financial management, as evidenced by a program expense ratio of 82.11%, suggesting that the majority of its resources are allocated directly to its mission-related programs. Additionally, there are no reported material diversions of assets, reinforcing its commitment to responsible stewardship of funds.
While the overall rating is favorable, the liabilities to assets ratio of 53.91% indicates that the organization has a substantial level of liabilities compared to its assets. This may warrant attention as it could impact financial stability in the long run. Overall, Montana Family Medicine Residency showcases commendable practices and a focus on transparency, although it should continue to monitor its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Family Medicine Residency legitimate?
Montana Family Medicine Residency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Family Medicine Residency submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,596,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,241,928
For more financial information, click here
Official website here: www.mfmr.org
What is the mission statement of Montana Family Medicine Residency?
Montana Family Medicine Residency (MFMR) is committed to operating a medical educational program that enhances the learning of physicians in the field of family medicine. The residency program aims to equip its residents with the necessary education and training, enabling them to competently practice family medicine in underserved, rural, or frontier communities upon graduation. By providing a comprehensive educational experience, MFMR contributes to the development of capable family medicine professionals who can make a significant impact in underserved areas.
Official website here: www.mfmr.org
Who is the CEO of Montana Family Medicine Residency?
Jonathan Forte is the CEO of Montana Family Medicine Residency The CEO's salary of Montana Family Medicine Residency is $0 and their total compensation is $386,158.
Official website here: www.mfmr.org
What is the revenue of Montana Family Medicine Residency?
Montana Family Medicine Residency's revenue in 2024 was $8,284,533.
Official website here: www.mfmr.org
Who are the executives of Montana Family Medicine Residency and what are their salaries?
There 7 volunteers at Montana Family Medicine Residency.
Here are 16 key members and their salaries (Montana Family Medicine Residency's CEO's salary is $0 and their total compensation is $386,158):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $165,402
- Other: $15,875
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $351,169
- Other: $34,989
- Compensation: $0
- Related: $317,323
- Other: $40,511
- Compensation: $0
- Related: $291,834
- Other: $38,322
- Compensation: $0
- Related: $317,908
- Other: $40,673
- Compensation: $0
- Related: $260,942
- Other: $35,073
- Compensation: $0
- Related: $286,276
- Other: $37,821
- Compensation: $0
- Related: $261,099
- Other: $34,890
- Compensation: $0
- Related: $249,739
- Other: $32,562
- Compensation: $0
- Related: $225,277
- Other: $27,805
Official website here: www.mfmr.org
Where can I find the form 990 for Montana Family Medicine Residency?
Montana Family Medicine Residency's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mfmr.org
Learn more at the official website: www.mfmr.org
Mission Statement of Montana Family Medicine Residency
Montana Family Medicine Residency (MFMR) is committed to maintaining a medical educational residency program that enhances the education of physicians in the practice of family medicine. This esteemed institution's mission is to equip residents with the necessary education and training to competently practice family medicine in rural, frontier, or underserved communities upon graduation. MFMR's primary objective is to foster the development of competent family medicine specialists who can make significant contributions to the healthcare landscape, particularly in areas with limited access to medical facilities and resources.
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Impact
July, 2024
Montana Family Medicine Residency's impact can be seen in the seven residents who completed their training in the academic year 2021-22. These residents are now equipped with the education and training necessary to competently practice family medicine in various communities. One graduate is committed to the Air Force in Minot, ND, while another will practice outpatient medicine, occasional inpatient call, and public health work in Reedsport, OR. Additionally, graduates will practice in Butte, Anaconda, and Billings, MT, as well as in Ft. Wayne, IN. The sports medicine fellow who completed training has joined a nonsurgical orthopedics and sports medicine practice in Twin Falls, ID. This demonstrates the significant impact of Montana Family Medicine Residency in preparing physicians for rural, frontier, and underserved communities.
This information is meant to be a general summary of Montana Family Medicine Residency. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $100,160
- Program Service Revenue: $6,501,867
- Gross Receipts: $8,284,533
Assets and Liabilities:
- Total Assets: $2,497,077
- Total Liabilities: $1,238,273
- Net Assets: $1,258,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other personal services
Revenue
$6,501,867
Organization Details
Founding Year
1995
Principal Officer
Jonathan Forte
Website
www.mfmr.orgNTEE Category
Code: B50 - Education
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