THE MEDICAL SOCIETY OF VIRGINIA FOUNDATION (EIN 521394768) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

MELVIN HODGES

Phone

8043532721

Tax Period

2023-01-01 to 2023-12-31

THE MEDICAL SOCIETY OF VIRGINIA FOUNDATION, founded in 1986, is a small nonprofit in the Health Care sector that reported $726K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $813K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BETTER EQUIP THE PHYSICIAN COMMUNITY TO IMPROVE THE HEALTH OF VIRGINIANS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,694,703

Program Service Revenue $0

Investment Income $28,176

Other Revenue $152,151

TOTAL REVENUE $9,875,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,887,644

Fundraising Expenses $118,385

Program Expenses $7,321,710

Other Expenses $4,876,335

TOTAL EXPENSES $7,763,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,875,030	$7,384,172	+0.3%
Expenses	$7,763,979	$6,856,196	+0.1%
Net Income	$2,111,051	$527,976	+3.0%

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

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

Total Directors

$550,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE MOREY MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK D TOWNSEND MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY G MITCHELL MD	TREASURER	2.00	Officer Director	$0	$0	$0
STEVEN J LEWIS MD	SECRETARY	2.00	Officer Director	$0	$0	$0
TAYLAN BOZKURT	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN BRAWLEY MD	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL CAUGHRON MD	DIRECTOR	2.00	Director	$0	$0	$0
SHAYLYN FAHEY	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA PLETKE MD	DIRECTOR	2.00	Director	$0	$0	$0
KATHY SCARBALIS PA-C	DIRECTOR	2.00	Director	$0	$0	$0
ALVIN E HARRIS MD	DIRECTOR	2.00	Director	$0	$0	$0
ANHTAI H NGUYEN MD	DIRECTOR	2.00	Director	$0	$0	$0
MARY SCHMIDT MD	DIRECTOR	2.00	Director	$0	$0	$0
ALICE COOMBS MD	MSV PRESIDENT (EX-OFFICIO	2.00	Director	$0	$0	$15,000
MELINA DAVIS-MARTIN	MSV EVP (EX-OFFICIO VOTING	6.00	Director	$0	$90,028	$535,427
JOEL BUNDY MD	MSV PRESIDENT ELECT (EX-OF	2.00	Director	$0	$0	$0
MELVIN HODGES	MSV CFO	10.00	Highest	$0	$48,350	$188,441

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$9,875,030	$7,763,979	$9,887,176	$2,111,051
2022	$7,384,172	$6,856,196	$6,973,763	$527,976
2021	$5,868,321	$3,994,553	$6,201,816	$1,873,768
2020	$1,761,042	$1,064,836	$3,497,936	$696,206
2019	$1,458,005	$746,628	$2,776,508	$711,377
2018	$725,957	$812,939	$1,858,639	$-86,982

THE MEDICAL SOCIETY OF VIRGINIA FOUNDATION