COLUMBUS MEDICAL ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

ROBERT E FALCONE

Phone

6142407410

Tax Period

2023-01-01 to 2023-12-31

COLUMBUS MEDICAL ASSOCIATION, founded in 1958, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Expenses of $215K left a modest 10% surplus.

Mission

WE ARE MEDICINE REORGANIZED. WE ARE PHYSICIANS AND OTHER EXPERTS IMPROVING THE HEALTH OF CAREGIVERS, PATIENTS AND COMMUNITIES. WE ARE COMMITTED TO INCLUSION, DIVERSITY, EQUITY AND ACCESS FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

CMA WILL BE THE LEADING ADVOCATE FOR GREATER COLUMBUS PHYSICIANS. CMA'S PUBLIC POLICY INVOLVEMENT INCLUDES SCREENING AND ENDORSEMENT RECOMMENDATIONS OF CANDIDATES AND FINDING SPONSORS TO INTRODUCE...

CMA WILL BE THE LEADING ADVOCATE FOR GREATER COLUMBUS PHYSICIANS. CMA'S PUBLIC POLICY INVOLVEMENT INCLUDES SCREENING AND ENDORSEMENT RECOMMENDATIONS OF CANDIDATES AND FINDING SPONSORS TO INTRODUCE LEGISLATION PERTINENT TO PHYSICIANS AND THEIR PATIENTS.CMA IS ITS MEMBERS' ACCESS TO VALUE ADDED KNOWLEDGE, INFORMATION AND SERVICES. THE CMA KEEPS PHYSICIAN MEMBERS UP TO DATE THROUGH DAILY EMAILS AND THE PROFESSIONAL & SOCIAL MEDIA SITE 'THE LOOP'. CMA PROVIDES THE COMMUNITY AN ONLINE PHYSICIAN REFERRAL DATABASE. CMA PREPARES PHYSICIAN OFFICES FOR ALL HAZARD DISASTERS BY SENDING ALERTS AND MAINTAINING A COMMUNICATION SYSTEM FOR SHARING OF INFORMATION AMONG PHYSICIANS. ADDITIONALLY, CMA CONVENES EDUCATIONAL PROGRAMS FOR PHYSICIANS AND THEIR PRACTICE MANAGERS. CMA MEMBERSHIP IS RECOGNIZED AS THE LEADER FOR ADVANCING COMMUNITY HEALTH. CMA MEMBERS HAVE OPPORTUNITIES FOR LEADERSHIP, VOLUNTEERISM AND PHILANTHROPY THROUGH THEIR AFFILIATION WITH COLUMBUS MEDICAL ASSOCIATION FOUNDATION, CENTRAL OHIO TRAUMA SYSTEMS, PHYSICIANS CARE CONNECTION AND PHYSICIANS LEADERSHIP ACADEMY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $212,835

Investment Income $14

Other Revenue $26,128

TOTAL REVENUE $238,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,330

Fundraising Expenses $0

Other Expenses $116,157

TOTAL EXPENSES $215,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,977	$251,386	0.0%
Expenses	$215,487	$250,654	-0.1%
Net Income	$23,490	$732	+31.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$472,453

Total Directors

$47,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC L PARNES MD	TRUSTEE	1.00	Director	$0	$0	$8,500
AHMAD MOSTAFAVIFAR MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAMONT CLAY MD	SECRETARY/TREASURER ELECT	1.00	Officer Director	$0	$0	$4,100
TRACY COOK MD	TRUSTEE	1.00	Director	$0	$0	$0
MARIETTA HOFFMEISTER MD	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE ROMANOS MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SUGAT PATEL MD	PAST PRESIDENT - ENDED MAY 2023	1.00	Director	$0	$0	$0
KANNY GREWAL MD	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
LAURA GRAVELIN MD	TRUSTEE-ENDED PART YEAR	1.00	Director	$0	$0	$0
DANIEL EIFERMAN MD	TRUSTEE	1.00	Director	$0	$0	$1,300
DENISE BLOCKER MD	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER BROWN MD	TRUSTEE	1.00	Director	$0	$0	$0
LAURA ESPY-BELL MD	TRUSTEE	1.00	Director	$0	$0	$33,195
JOHN WARD MD	TRUSTEE-ENDED PART YEAR	1.00	Director	$0	$0	$0
ROMA AMIN MD	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW DETTY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT FALCONE MD	CEO	2.00	Officer	$0	$1,365	$273,296
LAURIE HAWKINS	CFO	2.00	Officer	$0	$35,976	$195,057

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	No data	No data	No data	No data
2023	$238,977	$215,487	$212,640	$23,490
2022	$251,386	$250,654	$162,160	$732
2021	$195,622	$244,936	$168,548	$-49,314
2020	$173,872	$227,708	$197,358	$-53,836
2019	$235,820	$265,093	$260,038	$-29,273
2018	$287,084	$338,187	$298,249	$-51,103