TEXAS MEDICAL ASSOCIATION LIBRARY (EIN 237042275) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

MICHAEL DARROUZET

Phone

5123701490

Tax Period

2024-01-01 to 2024-12-31

TEXAS MEDICAL ASSOCIATION LIBRARY, founded in 1989, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $265K exceeded revenue, resulting in a 22% operating deficit.

Mission

OPERATION OF THE TEXAS MEDICAL ASSOCIATION LIBRARY IN ORDER TO FURTHER MEDICAL KNOWLEDGE AND EDUCATION. THE LIBRARY IS OPEN TO THE PUBLIC.

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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 $67,366

Program Service Revenue $0

Investment Income $150,824

Other Revenue $0

TOTAL REVENUE $218,190

Expense Breakdown

Grants Paid $64,530

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,900

Other Expenses $200,837

TOTAL EXPENSES $265,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,190	$273,848	-0.2%
Expenses	$265,367	$254,373	+0.0%
Net Income	$-47,177	$19,475	-3.4%

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

$1,471,993

Total Directors

$213,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G RAY CALLAS MD	PRES(24-25)/PRES-ELECT(23-24)	1.00	Officer Director	$0	$0	$134,833
RICHARD W SNYDER II MD	PRES(23-24)/IMMED PAST PRES(24-25)	1.00	Officer Director	$0	$0	$66,667
GARY W FLOYD MD	IMMED PAST PRES(23-24)	0.00	Officer Director	$0	$0	$0
JAYESH B SHAH MD	PRES-ELECT(24-25)/SECRETARY(23-24)	0.00	Officer Director	$0	$0	$0
JOSEPH S VALENTI MD	CHAIR (24-25)/VICE CHAIR (23-24)	1.00	Director	$0	$0	$6,000
KEITH A BOURGEOIS MD	CHAIR (23-24)	1.00	Director	$0	$0	$6,000
GREGORY M FULLER MD	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
BRADFORD W HOLLAND MD	SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
JOHN G FLORES MD	VICE SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
TONY R AVENTA MD	TRUSTEE	0.00	Director	$0	$0	$0
JOHN T CARLO MD	TRUSTEE	0.00	Director	$0	$0	$0
CYNTHIA A JUMPER MD	TRUSTEE	0.00	Director	$0	$0	$0
KIMBERLY E MONDAY MD MPH	TRUSTEE	0.00	Director	$0	$0	$0
BRADFORD S PATT MD	TRUSTEE	0.00	Director	$0	$0	$0
LISA L EHRLICH MD	TRUSTEE (23-24)	0.00	Director	$0	$0	$0
LEE ANN PEARSE MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
DEXTER G TURNQUEST MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
RODNEY B YOUNG MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
SAMUEL E MATHIS MD	YOUNG PHYSICIAN MBR (23-24)	0.00	Director	$0	$0	$0
ANDREW J WIDMER MD	YOUNG PHYSICIAN MBR (24-25)	0.00	Director	$0	$0	$0
SUBHAN TABBA MD	RESIDENT/FELLOW MBR (23-24)	0.00	Director	$0	$0	$0
PRUTHALI KULKARNI DO	RESIDENT/FELLOW MBR (24-25)	0.00	Director	$0	$0	$0
KATHERINE RUSSELL	MEDICAL STUDENT MBR (23-24)	0.00	Director	$0	$0	$0
PARMINDER DEO	MEDICAL STUDENT MBR (24-25)	0.00	Director	$0	$0	$0
MICHAEL J DARROUZET	CEO	1.00	Officer	$0	$47,544	$718,305
JOHN E DORMAN	COO	1.00	Officer	$0	$80,912	$552,188

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	$218,190	$265,367	$3,486,484	$-47,177
2023	$273,848	$254,373	$3,330,084	$19,475
2022	$122,347	$169,066	$3,058,400	$-46,719
2021	$217,608	$175,040	$3,605,391	$42,568
2020	$172,861	$182,571	$3,273,548	$-9,710
2019	$229,782	$174,601	$3,045,431	$55,181

TEXAS MEDICAL ASSOCIATION LIBRARY