Michigan Academy of Family Physicians Inc

EIN: 382970886

Okemos, MI

Total Revenue
$1,016,195
Total Expenses
$822,647
Total Assets
$3,444,565
Net Assets
$3,134,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MI
Principal Officer
Karlene Ketola MSA CAE
Phone
5173470098
Tax Period
2024-01-01 to 2024-12-31

Michigan Academy of Family Physicians Inc, founded in 1948, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $194K, a strong 19% operating margin.

Mission

To advance and represent the specialty of family medicine, and to provide programs and services for family physicians that promote high-quality, cost-effective, and accessible health care in Michigan.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $806,147
Investment Income $198,989
Other Revenue $9,059
TOTAL REVENUE $1,016,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $466,536
Fundraising Expenses $0
Other Expenses $356,111
TOTAL EXPENSES $822,647

Year-over-Year Comparison

2024 2023 Change
Revenue $1,016,195 $991,792 +0.0%
Expenses $822,647 $748,329 +0.1%
Net Income $193,548 $243,463 -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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
4
Volunteers
75

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
8
$199,831
Total Directors
25
$19,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn Dregansky DO FAAFP AAFP Alternate Delegate 5.00
Officer Director
$0 $0 $0
Beena Nagappala MD MPH FAAFP Chair 5.00
Officer Director
$10,150 $0 $10,150
Rachel Klamo DO MS FAAFP President 2.00
Officer Director
$7,050 $0 $7,050
Bashar Yalldo MD FAAFP President-elect 1.00
Officer Director
$1,800 $0 $1,800
Brandon Karmo DO FAAFP Vice President 2.00
Officer Director
$0 $0 $0
Kristi VanDerKolk MD FAAFP Speaker 2.00
Director
$0 $0 $0
Delicia Pruitt MD MPH FAAFP Treasurer 2.00
Officer Director
$0 $0 $0
Tina Tanner FAAFP MD Ended AAFP Delegate 1.00
Director
$0 $0 $0
Mary Marshall MD RN FAAFP AAFP Delegate 1.00
Director
$0 $0 $0
Mustafa Hamed MD MBA MPH FAAFP AAFP Delegate 1.00
Director
$0 $0 $0
Srikar Reddy MD FAAFP AAFP Alternate Delegate 1.00
Officer Director
$0 $0 $0
Madeleine McMall DO Ended Member-at-Large 1.00
Director
$0 $0 $0
Christopher Milback MD MBA FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Holli Neiman-Hart MD FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Teniesha Wright-Jones DO FACOFP FA Member-at-Large 1.00
Director
$0 $0 $0
Susan Stevens DO FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Vincent Winkler-Prins MD FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Harshini Jayasuriya FAAFP MD Ended Member-at-Large 1.00
Director
$0 $0 $0
Arti Madhavan MD MBA FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Raymond Rion MD Member-at-Large 1.00
Director
$0 $0 $0
Peter Ziemkowski MD FAAFP Member-at-Large 1.00
Director
$0 $0 $0
Kevin Suiter MD Resident Member 1.00
Director
$0 $0 $0
Mohammed Aamir Saiyed MD Ended Resident Member 1.00
Director
$0 $0 $0
Ashleigh Pratt Student Member 1.00
Director
$0 $0 $0
Sarah Toates BS Ended Student Member 1.00
Director
$0 $0 $0
Karlene Ketola MSA CAE CEO 40.00
Officer
$145,750 $35,081 $180,831
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 $1,016,195 $822,647 $3,444,565 $193,548
2023 $991,792 $748,329 $3,236,836 $243,463
2022 $917,068 $705,666 $2,825,085 $211,402
2021 $889,224 $565,704 $3,021,366 $323,520
2020 $936,374 $590,298 $2,507,275 $346,076
2019 $907,098 $808,467 $2,105,246 $98,631
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