AMERICAN MEDICAL ASSOCIATION (EIN 360727175) - 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

1847

Legal Domicile

Principal Officer

JAMES L MADARA MD

Phone

3124645000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN MEDICAL ASSOCIATION, founded in 1847, is a major nonprofit that reported $332.3M in total revenue in fiscal year 2018. Expenses of $299.5M left a modest 10% surplus.

Mission

ALL EXECUTIVES ARE REIMBURSED FOR HEALTH CLUB DUES WHICH ARE REPORTED AS COMPENSATION TO THE INDIVIDUAL, TO THE EXTENT REIMBURSED. IN RARE INSTANCES FOR MEMBERS OF THE BOARD, IT IS RECOGNIZED THAT SHORT NOTICE ASSIGNMENTS MAY REQUIRE FIRST CLASS TRAVEL BECAUSE OF THE LACK OF AVAILABILITY OF COACH SEATING. THE PRESIDENTS (PRESIDENT, IMMEDIATE PAST PRESIDENT AND PRESIDENT ELECT) WILL EACH HAVE ACCESS TO AN INDIVIDUAL $5,000 TERM ALLOWANCE (JULY 1 TO JUNE 30) AND ALL OTHER OFFICERS WILL EACH HAVE ACCESS TO $2,500 TERM ALLOWANCE (JULY 1 TO JUNE 30) TO USE FOR UPGRADES AS EACH DEEMS APPROPRIATE, TYPICALLY WHEN TRAVELING ON AN AIRLINE WITH NON-PREFERRED STATUS. BUSINESS CLASS AIRFARE IS AUTHORIZED FOR FOREIGN TRAVEL ON AMA BUSINESS. THE CEO MAY UPGRADE TO THE LESSER OF FIRST CLASS OR BUSINESS CLASS TRAVEL FOR FLIGHTS OF THREE (3) HOURS OR MORE.

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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 $37,004,540

Program Service Revenue $83,777,422

Investment Income $30,997,379

Other Revenue $316,629,074

TOTAL REVENUE $468,408,415

Expense Breakdown

Grants Paid $9,834,039

Salaries & Benefits $235,900,415

Fundraising Expenses $0

Other Expenses $157,523,814

TOTAL EXPENSES $403,258,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,408,415	$446,719,199	+0.0%
Expenses	$403,258,268	$369,917,313	+0.1%
Net Income	$65,150,147	$76,801,886	-0.2%

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

1369

Volunteers

278

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

$3,730,278

Total Directors

$2,807,681

Key Employees

$3,327,943

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID H AIZUSS MD	TRUSTEE	11.00	Director	$75,400	$0	$75,400
TOLUWALASE A AJAYI MD	TRUSTEE	10.00	Director	$66,600	$6,700	$73,300
JOHN H ARMSTRONG MD	HOD VICE SPEAKER (BEG. JULY 2023)	12.00	Director	$21,875	$22,500	$44,375
MADELYN E BUTLER MD	TRUSTEE	9.00	Director	$80,350	$0	$80,350
ALEXANDER DING MD	TRUSTEE	12.00	Director	$80,710	$0	$80,710
WILLARDA V EDWARDS MD	TRUSTEE	10.00	Director	$72,916	$22,500	$95,416
LISA BOHMAN EGBERT MD	HOD VICE SPEAKER/HOD SPEAKER	19.00	Director	$112,598	$22,500	$135,098
JESSE M EHRENFELD MD	PRESIDENT-ELECT/PRESIDENT	32.00	Director	$287,560	$0	$287,560
E SCOTT FERGUSON MD	TRUSTEE	9.00	Director	$60,366	$22,500	$82,866
SANDRA ADAMSON FRYHOFER MD	CHAIR/PAST CHAIR	19.00	Director	$213,987	$0	$213,987
GERALD E HARMON MD	PAST PRESIDENT (THRU JUNE 2023)	18.00	Director	$146,358	$18,000	$164,358
DRAYTON CHARLES HARVEY	STUDENT TRUSTEE (THRU JUNE 2023)	10.00	Director	$33,500	$0	$33,500
MARILYN J HEINE MD	TRUSTEE	12.00	Director	$83,150	$0	$83,150
PRATISTHA KOIRALA MD	RESIDENT TRUSTEE	8.00	Director	$67,000	$0	$67,000
ILSE R LEVIN DO	TRUSTEE	10.00	Director	$82,775	$0	$82,775
THOMAS J MADEJSKI MD	TRUSTEE	11.00	Director	$79,076	$13,400	$92,476
S BOBBY MUKKAMALA MD	TRUSTEE	11.00	Director	$66,378	$22,500	$88,878
HARRIS PASTIDES PHD	PUBLIC TRUSTEE	7.00	Director	$69,800	$0	$69,800
JACK RESNECK JR MD	PRESIDENT/PAST PRESIDENT	25.00	Director	$297,560	$0	$297,560
BRUCE A SCOTT MD	HOD SPEAKER/PRESIDENT-ELECT	20.00	Director	$192,755	$22,500	$215,255
ALIYA SIDDIQUI	STUDENT TRUSTEE (BEG. JULY 2023)	17.00	Director	$48,797	$3,350	$52,147
MICHAEL SUK MD	TRUSTEE/CHAIR-ELECT	15.00	Director	$120,340	$22,500	$142,840
WILLIE UNDERWOOD III MD	CHAIR-ELECT/CHAIR	22.00	Director	$248,880	$0	$248,880
JAMES L MADARA MD	EVP & CEO	60.00	Officer	$2,516,084	$217,431	$2,733,515
DENISE M HAGERTY	SVP & CHIEF FINANCIAL OFFICER	60.00	Officer	$956,604	$40,159	$996,763
THOMAS J EASLEY	CHIEF MISSION OFFICER	60.00	Key Emp	$1,236,179	$34,503	$1,270,682
JON L GIACOMIN	CHIEF OPERATING OFFICER	60.00	Key Emp	$990,496	$58,959	$1,049,455
TODD D UNGER	SVP & CHIEF EXPERIENCE OFFICER	60.00	Key Emp	$941,390	$66,416	$1,007,806
KENNETH J SHARIGIAN	CHIEF STRATEGY OFFICER	60.00	Highest	$1,456,337	$38,063	$1,494,400
THOMAS C GIANNULLI MD	SVP/CHIEF MEDICAL INFO OFFICER	20.00	Highest	$257,325	$694,870	$1,736,149
KIRSTEN BIBBINS-DOMINGO MD	SVP & EDITOR IN CHIEF, JAMA NW	60.00	Highest	$986,119	$52,031	$1,038,150
KAREN A MAYBANK MD	SVP & CHIEF HLTH EQUITY OFFICER	60.00	Highest	$831,404	$32,821	$864,225
C TODD ASKEW	SVP, ADVOCACY	60.00	Highest	$809,797	$41,733	$851,530
GEORGIA A TUTTLE MD	FORMER TRUSTEE	0.00		$40,826	$0	$40,826
ALBERT T OSBAHR MD	FORMER TRUSTEE	0.00		$19,393	$0	$19,393
WILLIAM E KOBLER MD	FORMER TRUSTEE	0.00		$17,088	$0	$17,088
RUSSELL WH KRIDEL MD	FORMER TRUSTEE	0.00		$12,394	$0	$12,394
HOWARD C BAUCHNER MD	FORMER SVP/EDITOR IN CHIEF, JAMA NW	0.00		$1,063,205	$0	$1,063,205
LAURIE A S MCGRAW	FORMER SVP, HEALTH SOLUTIONS	0.00		$160,648	$9,116	$169,764
PHIL B FONTANAROSA MD	FORMER VP/ACTING EIC, JAMA NW	0.00		$375,504	$29,588	$405,092

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	$468,408,415	$403,258,268	$1,364,147,649	$65,150,147
2022	$446,719,199	$369,917,313	$1,164,748,719	$76,801,886
2021	$493,147,829	$346,662,619	$1,238,960,169	$146,485,210
2020	$385,830,202	$337,873,146	$1,101,274,617	$47,957,056
2019	$364,569,109	$361,234,921	$996,622,970	$3,334,188
2018	$332,293,652	$299,472,493	$867,013,110	$32,821,159

AMERICAN MEDICAL ASSOCIATION