Western Carolina Medical Society Association

EIN: 561714480

Asheville, NC

Total Revenue
$230,969
Total Expenses
$175,409
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NC
Principal Officer
Elisa Quarles
Phone
8282742267
Tax Period
2020-01-01 to 2020-12-31

Western Carolina Medical Society Association, founded in 1990, is a small nonprofit that reported $231K in total revenue in fiscal year 2020. The organization ran a surplus of $56K, a strong 24% operating margin.

Mission

The Western Carolina Medical Society Association is the physicians' voice advocating for the health of the medical profession, the health of the patient, and the health of the community. As of December 31, 2020, the Association merged into the Western Carolina Medical Society Foundation.

Program Service Accomplishments

Program 1
Expenses: $135,333

- Continued to enhance the Healthy Healer Program with new resources and additional therapists. - Published WCMS' statement on Racism as a Public Health Crisis. -WCMS engaged with Black colleagues...

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- Continued to enhance the Healthy Healer Program with new resources and additional therapists. - Published WCMS' statement on Racism as a Public Health Crisis. -WCMS engaged with Black colleagues around the vast improvements needed in recruitment and retention of Black health care professionals in WNC -Held a two-part series on health inequities in WNC and the practice of Cultural Humility. - Virtually held a few affinity groups throughout the year, such as Lifestyle Medicine Advancement Group and Black Providers. - WCMS and board members attended a virtual White Coat Wednesday. Topics discussed included pay parity for Telehealth, EPOs (exclusive provider organization), and the Medicaid rate increase of 5%.

Program 2

-Worked with NCMS to present a Virtual Legislative Town Hall. Topics included telehealth parity and the legislative response to COVID-19 in WNC. - Recruited and renewed memberships for 620 physicians...

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-Worked with NCMS to present a Virtual Legislative Town Hall. Topics included telehealth parity and the legislative response to COVID-19 in WNC. - Recruited and renewed memberships for 620 physicians and physician assistants across WNC. -Created a COVID-19 webpage and updated it regularly. - Partnered with Western Carolina University and NC Healthcare Association to identify, obtain, and distribute PPE during the COVID-19 pandemic.

Program 3

-Performed various interview in the region about public health crises. Interviews included: - Dr. McDowell about the vaping crisis om WNC. - Dr. Carol Coulson about the COVID-19 pandemic. - Dr. Jeff...

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-Performed various interview in the region about public health crises. Interviews included: - Dr. McDowell about the vaping crisis om WNC. - Dr. Carol Coulson about the COVID-19 pandemic. - Dr. Jeff Graham of The Family Health Centers on how they adapted to the pandemic.

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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 (2020)

Revenue Breakdown

Contributions & Grants $170,206
Program Service Revenue $0
Investment Income $3,389
Other Revenue $57,374
TOTAL REVENUE $230,969

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,549
Fundraising Expenses $0
Program Expenses $135,333
Other Expenses $73,860
TOTAL EXPENSES $175,409

Year-over-Year Comparison

2020 2019 Change
Revenue $230,969 $229,005 +0.0%
Expenses $175,409 $227,662 -0.2%
Net Income $55,560 $1,343 +40.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
N/A
Independent Members
N/A
Employees
14
Volunteers
8

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
4
$129,326
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miriam Schwarz CEO Executive Director (See Note) 16.00
Officer
$113,071 $16,255 $129,326
Richard Bunio MD President 2.00
Officer Director
$0 $0 $0
Katie Dunlap MD Treasurer 2.00
Officer Director
$0 $0 $0
Aimee Riley DO Secretary 2.00
Officer Director
$0 $0 $0
Mark McNeill MD Director at Large 1.00
Director
$0 $0 $0
Raymond Thertulien MD Director at Large 1.00
Director
$0 $0 $0
Jennifer Abbott MD Director at Large 1.00
Director
$0 $0 $0
Tracy Bell PA-C Director at Large 1.00
Director
$0 $0 $0
Sara Cash MD Director at Large 1.00
Director
$0 $0 $0
Paulette Doiron MD Director at Large 1.00
Director
$0 $0 $0
Scott Donaldson MD Director at Large 1.00
Director
$0 $0 $0
Jeffrey Garris MD Director at Large 1.00
Director
$0 $0 $0
Brian Garvin MD Director at Large 1.00
Director
$0 $0 $0
Kate Graeme DO Director at Large 1.00
Director
$0 $0 $0
William McLean MD Director at Large 1.00
Director
$0 $0 $0
Jessica Pior MD Director at Large 1.00
Director
$0 $0 $0
Charlotte Heppner MD Director at Large 1.00
Director
$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
2020 $230,969 $175,409 No data $55,560
2019 $229,005 $227,662 $439,198 $1,343
2018 $251,713 $238,026 $430,122 $13,687
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