ARIZONA MEDICAL ASSOCIATION FOUNDA… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

NADEEM KAZI MD

Phone

6023476900

Tax Period

2024-01-01 to 2024-12-31

ARIZONA MEDICAL ASSOCIATION FOUNDATION, founded in 1968, is a small nonprofit in the Health Care sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

THE ARIZONA MEDICAL ASSOCIATION FOUNDATION WAS FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, ADMINISTERING, AND EXPENDING PROPERTY AND FUNDS FOR CHARITABLE, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $233,601

1. SUPPORTED THE CHARITABLE PURPOSES OF THE ARIZONA MEDICAL ASSOCIATION BY PROVIDING LOANS AND FUNDING FOR LEADERSHIP TRAINING TO MEDICAL STUDENTS, INTERNS, AND RESIDENT PHYSICIANS.2. DISTRIBUTE...

1. SUPPORTED THE CHARITABLE PURPOSES OF THE ARIZONA MEDICAL ASSOCIATION BY PROVIDING LOANS AND FUNDING FOR LEADERSHIP TRAINING TO MEDICAL STUDENTS, INTERNS, AND RESIDENT PHYSICIANS.2. DISTRIBUTE GRANT FUNDING TO SUPPORT PRECEPTORS IN TRAINING EARLY CAREER PHYSICIANS SERVING TO HELP ADDRESS WORKFORCE SHORTAGES AND PROVIDE PRECEPTORSHIP OPPORTUNITIES.3. PROVIDE CME OPPORTUNITIES FOR PHYSICIANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $271,112

Program Service Revenue $0

Investment Income $230

Other Revenue $-43,721

TOTAL REVENUE $227,621

Expense Breakdown

Grants Paid $165,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,601

Other Expenses $73,263

TOTAL EXPENSES $238,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,621	$280,359	-0.2%
Expenses	$238,263	$239,192	0.0%
Net Income	$-10,642	$41,167	-1.3%

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

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

$281,251

Total Directors

$21,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NADEEM KAZI	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM THOMPSON MD	EX OFFICIO	1.00	Director	$0	$0	$21,758
FREDERICK KOGAN PHD MD	PHYSICIAN REPRESENTATION	1.00	Director	$0	$0	$0
JASON JAMESON MD	EX OFFICIO	1.00	Director	$0	$0	$0
ELIZABETH DE BIE	CEO	1.00	Officer	$0	$10,201	$281,251

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
2024	$227,621	$238,263	$165,604	$-10,642
2023	$280,359	$239,192	$148,116	$41,167

ARIZONA MEDICAL ASSOCIATION FOUNDATION