MICHIGAN STATE MEDICAL SOCIETY

EIN: 380830717

EAST LANSING, MI

Total Revenue
$3,906,124
Total Expenses
$4,811,091
Total Assets
$11,497,455
Net Assets
$9,842,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1866
Legal Domicile
MI
Principal Officer
TOM M GEORGE MD
Phone
5173371351
Tax Period
2022-12-01 to 2023-11-30

MICHIGAN STATE MEDICAL SOCIETY, founded in 1866, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2022. Expenses of $4.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROMOTE A HEALTH CARE ENVIRONMENT THAT SUPPORTS PHYSICIANS IN CARING FOR AND ENHANCING THE HEALTH OF MICHIGAN CITIZENS THROUGH SCIENCE, QUALITY, AND ETHICS IN THE PRACTICE OF MEDICINE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $2,444,725
Investment Income $522,606
Other Revenue $888,793
TOTAL REVENUE $3,906,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,217,626
Fundraising Expenses $0
Other Expenses $1,593,465
TOTAL EXPENSES $4,811,091

Year-over-Year Comparison

2022 2021 Change
Revenue $3,906,124 $4,081,856 0.0%
Expenses $4,811,091 $5,463,961 -0.1%
Net Income $-904,967 $-1,382,105 -0.3%
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

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Governance

Voting Members
40
Independent Members
40
Employees
36
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
12
$58,532
Total Directors
43
$37,500
Key Employees
3
$678,177
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA KANG DIRECTOR 1.00
Director
$0 $0 $0
ANNETTE GILMER MD MPH DIRECTOR 1.00
Director
$0 $0 $0
BELEN AMAT MD DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY J UREN MD DIRECTOR - VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN R STORK MD DIRECTOR 1.00
Director
$0 $0 $0
BRYAN W HUFFMAN MD DIRECTOR - VICE SPEAKER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER MILBACK MD MBA DIRECTOR 1.00
Director
$0 $0 $0
DANIEL M RYAN MD DIRECTOR 1.00
Director
$0 $0 $0
DAVID T WALSWORTH MD DIRECTOR 1.00
Director
$0 $0 $0
DENNIS M RAMUS MD DIRECTOR 1.00
Director
$0 $0 $0
DONALD P CONDIT MD MBA DIRECTOR 1.00
Director
$0 $0 $0
EKATERINA LAVROUSHINA CLARK DIRECTOR 1.00
Director
$0 $0 $0
ERIC L LARSON MD DIRECTOR 1.00
Director
$0 $0 $0
F REMINGTON SPRAGUE MD DIRECTOR - EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
HERBERT C SMITHERMAN JR MD DIRECTOR 1.00
Director
$0 $0 $0
JAYNE E COURTS MD FACP DIRECTOR - SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER E MORESE MD MPH DIRECTOR 1.00
Director
$0 $0 $0
JOHN A WATERS MD DIRECTOR - TREASURER 1.00
Officer Director
$2,500 $0 $2,500
KAITLYN D DOBESH MD JD DIRECTOR 1.00
Director
$0 $0 $0
LARRY R JUNCK MD DIRECTOR 1.00
Director
$0 $0 $0
LEAH C DAVIS DO DIRECTOR 1.00
Director
$0 $0 $0
M SALIM SIDDIQUI MD PHD DIRECTOR - PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK C KOMOROWSKI MD DIRECTOR - PRESIDENT-ELECT 1.00
Officer Director
$12,500 $0 $12,500
MARK E MEYER MD DIRECTOR 1.00
Director
$0 $0 $0
MELANIE S MANARY MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A KREMMER MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL J REDINGER MD DIRECTOR 1.00
Director
$0 $0 $0
MILDRED J WILLY MD DIRECTOR 1.00
Director
$0 $0 $0
NITA M KULKARNI MD DIRECTOR 1.00
Director
$0 $0 $0
PAUL D BOZYK MD DIRECTOR - CHAIR 1.00
Officer Director
$0 $0 $0
PAUL S HARKAWAY MD DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP G WISE MD DIRECTOR - SPEAKER 1.00
Officer Director
$2,500 $0 $2,500
PINO D COLONE MD DIRECTOR - PAST PRESIDENT 1.00
Officer Director
$15,000 $0 $15,000
PONON DILEEP KUMAR MD MBA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FRANCIS FLORA MD MBA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT M DOANE MD DIRECTOR 1.00
Director
$0 $0 $0
RYAN J BRANG MD DIRECTOR 1.00
Director
$0 $0 $0
T JANN CAISON SOREY MD MSA DIRECTOR - PAST SECRETARY 1.00
Officer Director
$2,500 $0 $2,500
TALAT DANISH MD MPH FAAP DIRECTOR 1.00
Director
$0 $0 $0
THOMAS J VEVERKA MD FACS DIRECTOR - IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$2,500 $0 $2,500
S BOBBY MUKKAMALA MD DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
TABITHA MOSES DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
GUNJAN MALHOTRA MD DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
THOMAS M GEORGE MD CEO 28.00
Officer
$21,032 $0 $21,032
BENJAMIN LOUAGIE CSO 32.00
Key Emp
$228,388 $27,128 $255,516
LAUCHLIN MACGREGOR CFO 21.00
Key Emp
$206,091 $39,771 $245,862
KEVIN MCFATRIDGE COO 17.00
Key Emp
$0 $19,951 $176,799
REBECCA BLAKE SENIOR DIRECTOR 36.50
Highest
$135,373 $33,058 $168,431
CARL RICHARDS SENIOR DIRECTOR 37.50
Highest
$139,095 $29,224 $168,319
VIRGINIA GIBSON SENIOR DIRECTOR 7.50
Highest
$151,736 $14,886 $166,622
JOSIAH KISSLING SENIOR DIRECTOR 37.50
Highest
$153,541 $30,192 $183,733
STACEY HETTIGER SENIOR DIRECTOR 37.50
Highest
$124,486 $18,630 $143,116
JULIE NOVAK FORMER CEO 28.50
$384,384 $34,279 $418,663
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 $3,906,124 $4,811,091 $11,497,455 $-904,967
2022 $4,081,856 $5,463,961 $12,790,143 $-1,382,105
2021 $5,010,247 $5,158,120 $15,401,993 $-147,873
2020 $5,012,400 $4,726,877 $14,766,490 $285,523
2019 $6,063,537 $5,693,910 $13,874,651 $369,627
2018 $5,762,703 $5,390,359 $13,599,970 $372,344
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