Civic Intelligence

Uma Education Inc

EIN 47-2578950 • 501(c)3 • Tampa, FL

Profile

See schedule ouma education, inc. Operates ultimate medical academy, an educational institution committed to equipping and empowering students for healthcare careers. Headquarterd in tampa and having a national presence, the organization strives to provide a learning experience that maximizes value for our students in a professional and supportive environment.

9309 North Florida Avenue 100Tampa, FL 33612

www.ultimatemedical.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.47x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.77x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

23%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$743,212,636

Up $72,806,581 (+11%) from 2023

Liabilities

Down

$352,701,182

Down $4,271,104 (-1.2%) from 2023

Net Assets

Up

$390,511,454

Up $77,077,685 (+25%) from 2023

Revenue

Up

$457,258,968

Up $85,500,036 (+23%) from 2023

Expenses

Up

$381,513,323

Up $66,398,088 (+21%) from 2023

Net Income

Up

$75,745,645

Up $19,101,948 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $397,301,955Liabilities 2015: $379,554,776Net Assets 2015: $17,747,1792015Assets 2016: $420,569,097Liabilities 2016: $385,192,254Net Assets 2016: $35,376,8432016Assets 2017: $437,194,177Liabilities 2017: $373,713,656Net Assets 2017: $63,480,5212017Assets 2018: $439,692,819Liabilities 2018: $351,595,967Net Assets 2018: $88,096,8522018Assets 2019: $493,264,195Liabilities 2019: $387,765,538Net Assets 2019: $105,498,6572019Assets 2020: $546,392,502Liabilities 2020: $407,724,653Net Assets 2020: $138,667,8492020Assets 2021: $547,011,615Liabilities 2021: $393,986,009Net Assets 2021: $153,025,6062021Assets 2022: $619,812,684Liabilities 2022: $363,310,405Net Assets 2022: $256,502,2792022Assets 2023: $670,406,055Liabilities 2023: $356,972,286Net Assets 2023: $313,433,7692023Assets 2024: $743,212,636Liabilities 2024: $352,701,182Net Assets 2024: $390,511,4542024

Highlighted filing

2024

Assets$743,212,636
Liabilities$352,701,182
Net Assets$390,511,454

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $209,358,397Expenses 2015: $191,611,218Net Income 2015: $17,747,1792015Revenue 2016: $303,919,891Expenses 2016: $286,290,227Net Income 2016: $17,629,6642016Revenue 2017: $311,612,728Expenses 2017: $283,509,050Net Income 2017: $28,103,6782017Revenue 2018: $326,767,245Expenses 2018: $302,150,914Net Income 2018: $24,616,3312018Revenue 2019: $311,140,293Expenses 2019: $293,738,488Net Income 2019: $17,401,8052019Revenue 2020: $333,275,661Expenses 2020: $300,123,682Net Income 2020: $33,151,9792020Revenue 2021: $320,576,346Expenses 2021: $305,953,968Net Income 2021: $14,622,3782021Revenue 2022: $391,657,452Expenses 2022: $291,390,350Net Income 2022: $100,267,1022022Revenue 2023: $371,758,932Expenses 2023: $315,115,235Net Income 2023: $56,643,6972023Revenue 2024: $457,258,968Expenses 2024: $381,513,323Net Income 2024: $75,745,6452024

Highlighted filing

2024

Revenue$457,258,968
Expenses$381,513,323
Net Income$75,745,645

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$577,503,323
Mission and Program Overview

Mission

See schedule ouma education, inc. Operates ultimate medical academy, an educational institution committed to equipping and empowering students for healthcare careers. Headquartered in tampa and having a national presence, the organization strives to provide a learning experience that maximizes value for our students in a professional and supportive environment.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$321,018,700$320,505,367▼ $513,333
Investments in Publicly Traded Securities$130,505,427$182,162,865▲ $51,657,438
Cash and Non-Interest-Bearing Accounts$65,841,506$78,513,363▲ $12,671,857
Savings and Temporary Cash Investments$50,320,416$47,766,489▼ $2,553,927
Accounts Receivable$25,291,816$37,674,892▲ $12,383,076
Land, Buildings, and Equipment, Net$11,680,905$17,419,071▲ $5,738,166
Prepaid Expenses and Deferred Charges$10,360,977$12,942,062▲ $2,581,085
Inventories for Sale or Use$552,125$1,237,473▲ $685,348
Total Assets$670,406,055$743,212,636▲ $72,806,581
Other Assets Total$54,834,183$44,991,054▼ $9,843,129
Liabilities
Tax Exempt Bond Liabilities$166,166,672$157,906,846▼ $8,259,826
Unsecured Notes Loans Payable$72,258,840$72,358,808▲ $99,968
Accounts Payable and Accrued Expenses$38,599,324$46,347,172▲ $7,747,848
Deferred Revenue$42,503,818$42,706,011▲ $202,193
Other Liabilities$37,197,632$33,382,345▼ $3,815,287
Grants Payable$246,000$0▼ $246,000
Total Liabilities$356,972,286$352,701,182▼ $4,271,104
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$313,433,769$390,511,454▲ $77,077,685
Total Net Assets Fund Balance$313,433,769$390,511,454▲ $77,077,685
Total Liabilities and Net Assets / Fund Balance$670,406,055$743,212,636▲ $72,806,581

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,883,153$12,926,014$18,809,167
Leasehold Improvements$8,137,293$8,344,612$16,481,905
Equipment$3,398,625$12,128,088$15,526,713
Other Assets Org$411,227--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas RamettaPresidentFT$730,314$808,061$1,538,375
Alexandra SchaffrathEvp & Chief Fin. & Strategy OfficerFT$491,823$372,164$863,986
Nicole M AnzuoniEvp, CAO / Corp. Sec.FT$472,557$349,714$822,271
Linda MignoneExec. VP & Chief Mkt. OfficerFT$456,474$331,935$788,409
April NeumannEvp of Workforce TransformationFT$446,113$323,172$769,285
Gregory MuellerSVP, OperationsFT$416,997$277,390$694,388
Susan a EdwardsChief Compliance OfficerFT$383,907$233,645$617,552
Andrew R RhodesChief Information OfficerFT$399,939$176,184$576,122
Scott SarrettSVP Student EngagementFT$329,758$222,309$552,067
Sonia MondorSVP Fp&aFT$307,416$185,008$492,425
Misty BrownChief People OfficerFT$380,862$88,918$469,779
Jeffrey B ReeseAvp Dep. Gen. Coun./asst. Sec.FT$204,819$33,624$238,443
Darlyne Bailey PhdChair of the BoardPT$75,000-$75,000
Saundra Wall WilliamsVice Chair of the Board (beg 01/24)PT$65,000-$65,000
Christopher Hawk MdBoard TrusteePT$55,000-$55,000
Hugh CampbellBoard TrusteePT$55,000-$55,000
Karen Miller JonesBoard Trustee (beg 01/24)PT$55,000-$55,000
Karen MinceyBoard TrusteePT$55,000-$55,000
Sheila McdevittBoard TrusteePT$55,000-$55,000
Shelly Collins Md FaapBoard Trustee (beg 01/24)PT$55,000-$55,000
Stephen Burghardt PhdBoard TrusteePT$55,000-$55,000
Terence ByrdBoard TrusteePT$55,000-$55,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Adhere INCRecruiting Support84 W SANTA CLARA ST STE 700, San Jose, CA 95113$15,175,437
Google LLCRecruiting Support1600 AMPHITHEATRE PKWY, Mountain View, CA 94043$13,203,185
Cygnus Marketing Communications INCRecruiting Support1100 E HECTOR ST STE 394, Conshohocken, PA 19428$5,021,196
Answers In Cme INCCme Activities27 TRINITY PLACE STE 185, New York, NY 10006$3,986,318
A Eicoff CompanyAdvertising333 NORTH GREEN STREET, Chicago, IL 60607$3,899,046
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$446,062,916
Investment Income
$11,565,555
Other Revenue
$-369,503
Change in Net Assets
$75,745,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$200,699,964
Other Expenses$179,838,933
Grants and Similar Amounts Paid$974,426
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,332,602$20,717,902-$163,050,504
Advertising$62,519,981$15,009-$62,534,990
Other Employee Benefits$11,149,561$4,687,630-$15,837,191
Payroll Taxes$9,909,577$3,565,869-$13,475,446
Fees for Services Other$3,818,138$9,641,937-$13,460,075
Information Technology$3,543,302$7,537,962-$11,081,264
Interest$11,010,504--$11,010,504
Occupancy$7,556,785$247,861-$7,804,646
Other Expenses$7,405,788--$7,405,788
Current Officers, Directors, Trustees, and Key Employees$2,232,860$4,062,297-$6,295,157
Depreciation Depletion$3,291,317--$3,291,317
All Other Expenses$1,737,739$932,280-$2,670,019
Fees for Services Legal-$2,209,999-$2,209,999
Travel$888,210$1,184,801-$2,073,011
Pension Plan Contributions$1,754,819$286,847-$2,041,666
Office Expenses$1,454,183$329,760-$1,783,943
Insurance$1,169,762$915-$1,170,677
Conferences and Meetings$329,362$636,536-$965,898
Fees for Services Accounting-$732,066-$732,066
Grants to Domestic Individuals$694,426--$694,426
Grants to Domestic Orgs$280,000--$280,000
Fees for Services Lobbying-$137,354-$137,354
Fees for Service Investment Mgmnt Fees-$124,032-$124,032
Total Functional Expenses$324,462,266$57,051,057$0$381,513,323
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Heart Association IncDallas, TX501(c)(3)2024 Tampa Bay Go Red for Women and Heartwalk$76,500
Clinical and Patient Educators AssociationDenver, CO501(c)(3)Contribution for General Purpose$50,000
United Way Sun Coast IncTampa, FL501(c)(3)Contribution for General Purpose$38,000
Feeding Tampa BayTampa, FL501(c)(3)Contribution for General Purpose$36,000
American Cancer Society IncAtlanta, GA501(c)(3)CONTRIBUTION "RELAY FOR LIFE"$25,500
Fapsc FoundationTallahassee, FL501(c)(3)Contribution for General Purpose$25,000
American Red CrossWashington, DC501(c)(3)Hurricanes Milton and Helene Donation$24,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$33,382,345

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2019-12-19$187,658,921SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$187,658,921$170,954,829$19,680,000$2,732,854

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Thomas rametta cannot vote on his own compensation or employment. All other voting rights are identical amongst board trustees.

Form 990, Part VI, Section A, Line 6

Clinical and patient educators association is the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

Cpea has the right to elect the members of the board of trustees of the organization.

Form 990, Part VI, Section A, Line 7B

Certain major governance decisions of the organization require approval of cpea, the sole member of the organization. Specifically, the board of trustees of the organization must obtain the approval of cpea before executing any agreement of merger or consolidation, approving the dissolution of the organization, or approving the sale or exchange of all or substantially all of the assets of the organization.

Form 990, Part VI, Section B, Line 11B

Management worked with an outside accountant to prepare the form 990. Management reviewed the draft form 990 with the outside accountant. A finalized draft of the full form 990 is provided to the whole board of trustees prior to its filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization maintains a conflict of interest policy to protect the integrity of the organization, including as it relates to any transaction that might benefit the private interest of an officer or trustee of the organization. All trustees and officers are covered under the policy. In connection with any actual or possible conflict of interest, the interested person must disclose all material facts to the board of trustees. After disclosure of such facts, the interested party may not participate in the determination of a conflict of interest. The board will decide if a conflict exists. If a conflict is determined to exist, the interested person must recuse himself or herself from participation in the deliberations on the related party transaction. The board will evaluate whether the transaction is fair, reasonable, and in the best interest of the organization and whether an alternative to the transaction is reasonably achievable. Following such evaluation, the board shall decide whether to approve the transaction. Trustees and officers are required to complete a conflict of interest questionnaire annually.

Form 990, Part VI, Section B, Line 15

Compensation of the top management official and certain other officers or key employees of the organization was reviewed and approved by the hrbc (human resources, benefits & compensation) committee of the board of trustees, which is comprised entirely of independent trustees, after reviewing comparable compensation information provided by an independent compensation consulting firm. The firm provided that information based on its performance of a study for the committee to evaluate the compensation levels of similarly qualified persons in functionally comparable positions at similarly situated organizations. Deliberations and decisions regarding the compensation arrangements were contemporaneously documented.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990, form 990-t and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Uma Education Inc
EIN
47-2578950
Phone
8138982588
Address
9309 NORTH FLORIDA AVENUE 100, TAMPA, FL 33612
Doing Business As
See Schedule O

Signing Officer

Name
Thomas Rametta
Title
President
Phone
8138982588
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Rametta
Formed
2014
Legal Domicile
De
Voting Board Members
11
Independent Board Members
10
Employees
4,100
Volunteers
0

Preparer

Firm
Grant Thornton Advisors LLC
Address
1000 WILSON BOULEVARD SUITE 1500, ARLINGTON, VA 22209
Preparer
Mary Torretta
Phone
7038477500
Supplemental Narrative

Additional Explanations

FORM 990 ITEM C, DOING BUSINESS AS:

Complete conference management, global education group, ultimate medical academy, american institute, nasium training.

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Uma education, inc. Operates ultimate medical academy and american institute, educational institutions committed to equipping and empowering students for healthcare careers. Headquartered in tampa and having a national presence, the organization strives to provide a learning experience that maximizes value for our students in a professional and supportive environment.

Form 990, Part III, Line 1

Uma education, inc. Operates ultimate medical academy and american institute, educational institutions committed to equipping and empowering students for healthcare careers. Headquartered in tampa and having a national presence, the organization strives to provide a learning experience that maximizes value for our students in a professional and supportive environment.

Form 990, Part III, Line 4A

The organization provides programs that prepare students for roles in the healthcare industry. The organization's student population for such programs was approximately 22,380 as of december 31, 2024, with approximately 590 active faculty staff members. Specifically, ultimate medical academy offers the following programs: -associate degree programs: health and human services health information management healthcare accounting healthcare management health sciences - dental assistant with expanded functions health sciences - medical administrative assistant health sciences - medical assistant health sciences - medical office and billing specialist health sciences - pharmacy technician medical billing and coding -diploma programs: dental assistant with expanded functions emergency medical technican medical administrative assistant medical assistant medical billing and coding medical office and billing specialist nursing assistant patient care technician phlebotomy technician american institute is a wholly owned subsidiary of uma education, inc which offers the following vocational programs: dental assisting diagnostic medical sonography electrical trades technology massage therapy medical assisting medical coding and billing nurse's aide phlebotomy technician the organization provides robust learner and career services to help produce strong outcomes for its students. Such services include tutoring, mentoring, life skills coaching, financial literacy training, career readiness preparation, and job placement assistance. The organization also provides numerous continuing medical education activities for healthcare professionals in both live and online settings. These activities differ from year to year given the educational needs of physicians, nurses, pharmacists, and other medical professionals.

Financial Statement Notes

PART X, LINE 2:

The fasb requires management to annually evaluate the organization's tax positions, including accounting for and measurement of uncertain tax positions. For the year ended december 31, 2024, management concluded that no uncertain tax positions had been taken that would require adjustment to or disclosure in the consolidated financial statements. With few exceptions, the organization is no longer subject to income tax examinations by federal, state, or local tax authorities for years before 2021.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR OF THE BOARD (BEG 01/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13EXEC. VP & CHIEF MKT. OFFICER
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