VIRGINIA OSTEOPATHIC MEDICAL ASSOC… - Form 990 Financial Data

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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

1913

Legal Domicile

Principal Officer

K JOSEPH HEATON DO

Phone

7037315981

Tax Period

2023-10-01 to 2024-09-30

VIRGINIA OSTEOPATHIC MEDICAL ASSOCIATION, founded in 1913, is a small nonprofit that reported $349K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $184K, a strong 53% operating margin.

Mission

THE MISSION OF VOMA SHALL BE TO REPRESENT THE OSTEOPATHIC PHYSICIAN PRACTICING IN THE COMMONWEALTH OF VIRGINIA IN SUCH A MANNER AS TO REFLECT CREDIT TO THE ORGANIZATION AND ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $36,157 Revenue: $201,667

PRESENT CONFERENCES PROVIDING MEDICAL EDUCATION TO STIMULATE GROWTH AND MAINTENANCE OF HIGH STANDARDS OF MEDICAL KNOWLEDGE AND PRACTICE.

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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 $68,875

Program Service Revenue $201,667

Investment Income $78,666

Other Revenue $0

TOTAL REVENUE $349,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,157

Other Expenses $165,362

TOTAL EXPENSES $165,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,208	$265,674	+0.3%
Expenses	$165,362	N/A	N/A
Net Income	$183,846	$265,674	-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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY GROESBECK	IMMEDIATE PAST PRESIDENT	5.00	Officer	$0	$0	$0
ROY E HEATON DO	TREASURER	5.00	Officer	$0	$0	$0
CARL HOEGERL	PRESIDENT	5.00	Officer	$0	$0	$0

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	$349,208	$165,362	$1,817,199	$183,846
2023	$265,674	$155,863	$1,570,195	$109,811
2022	$307,858	$141,330	$1,407,419	$166,528
2021	$292,465	$125,475	$1,331,729	$166,990
2020	$186,889	$100,003	$1,164,740	$86,886
2019	$160,949	$125,473	$1,077,854	$35,476
2018	$273,879	$138,125	$1,042,378	$135,754

VIRGINIA OSTEOPATHIC MEDICAL ASSOCIATION