THE WORLD MEDICAL ASSOCIATION INC

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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

1947

Legal Domicile

Principal Officer

Dr Otmar Kloiber

Phone

3124645291

Tax Period

2023-01-01 to 2023-12-31

THE WORLD MEDICAL ASSOCIATION INC, founded in 1947, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $4.4M left a modest 5% surplus.

Mission

The purpose of the WMA is to serve humanity by endeavoring to achieve the highest international standards in Medical Education Medical Science Medical Art and Medical Ethics and Health Care for all people in the world.

Program Service Accomplishments

Program 1

Expenses: $1,636,072 Revenue: $0

The Ukraine medical help fund had movements as a restricted fund.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,712,690

Program Service Revenue $0

Investment Income $191,414

Other Revenue $1,702,613

TOTAL REVENUE $4,606,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,563,726

Fundraising Expenses $0

Program Expenses $1,636,072

Other Expenses $2,825,868

TOTAL EXPENSES $4,389,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,606,717	$5,641,981	-0.2%
Expenses	$4,389,594	$5,566,591	-0.2%
Net Income	$217,123	$75,390	+1.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

$260,119

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Lujain AlQodmani	President	0.00	Officer	$0	$0	$0
Dr JungYul Park	Chair of Council	0.00	Officer	$0	$0	$0
Dr Tohru Kakuta	Vice Chair of Council	0.00	Officer	$0	$0	$0
Dr Ashok Philip	PresidentElect	0.00	Officer	$0	$0	$0
Mr Rudolf Henke	Treasurer	0.00	Officer	$0	$0	$0
Dr Otmar Kloiber	Secretary General	35.00	Highest	$326,288	$0	$326,288
Ms Sunny Park	Head of Operations	35.00	Key Emp	$135,653	$0	$135,653
Ms Clarisse Delorme	Senior Policy Advisor	31.50	Key Emp	$124,466	$0	$124,466

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
2023	$4,606,717	$4,389,594	$8,200,269	$217,123
2022	$5,641,981	$5,566,591	$6,229,678	$75,390
2021	$2,740,457	$2,249,053	$5,590,344	$491,404
2020	$2,667,519	$2,129,472	$5,406,901	$538,047