SOUTH CAROLINA MEDICAL ASSOCIATION… - 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

1975

Legal Domicile

Principal Officer

MICHELLE BOLIN

Phone

8037986207

Tax Period

2022-07-01 to 2023-06-30

SOUTH CAROLINA MEDICAL ASSOCIATION FOUNDATION, founded in 1975, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $290K, a strong 23% operating margin.

Mission

TO ENCOURAGE WORTHWHILE SOCIAL AND PROFESSIONAL ACTIVITIES IN THE FIELD OF MEDICAL EDUCATION, MEDICAL RESEARCH AND MEDICAL SERVICE DELIVERY. THE FOUNDATION HAS BEEN ACTIVELY INVOLVED IN INSTITUTING AND PROVIDING FINANCIAL SUPPORT FOR IMPORTANT MEDICAL AND HEALTH-RELATED PROGRAMS AND HAS DEVELOPED A SYSTEM FOR RAISING AND DISTRIBUTING FUNDS FOR THESE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $639,976

PATIENT-CENTERED MEDICAL HOME (PCMH) INITIATIVE. THE FOUNDATION HAS RECEIVED GRANT FUNDING FROM THE SOUTH CAROLINA DEPARTMENT OF HEALTH AND HUMAN SERVICES TO PROVIDE FREE EDUCATIONAL, CONSULTING, AND COACHING SERVICES TO PHYSICIAN PRACTICES SEEKING RECOGNITION FROM THE NATIONAL COMMITTEE FOR QUALITY ASSURANCE (NCQA) AS A PCMH.

Program 2

Expenses: $226,509

CHARITABLE GIFT ANNUITY PLAN.

Program 3

Expenses: $35,025

ANNUAL AWARDS AND SCHOLARSHIPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,241,294

Program Service Revenue $0

Investment Income $815

Other Revenue $1,459

TOTAL REVENUE $1,243,568

Expense Breakdown

Grants Paid $253,470

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $928,109

Other Expenses $700,066

TOTAL EXPENSES $953,536

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,243,568	$1,075,181	+0.2%
Expenses	$953,536	$1,296,542	-0.3%
Net Income	$290,032	$-221,361	-2.3%

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

Independent Members

Employees

N/A

Volunteers

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

$658,091

Total Directors

$28,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER A YEAKEL MD FAAP	PRES 7/22-4/23; IMM.PASTPRES 5/23-6/23	1.00	Director	$0	$0	$14,000
HELEN STOCKINGER MD	PRES-ELECT 7/22-4/23; PRES 5/23-6/23	1.00	Director	$0	$0	$5,000
JOHN C ROPP III MD	IMMEDIATE PAST PRESIDENT 7/22-4/23	1.00	Director	$0	$0	$4,000
HENRY FRITZ BUTEHORN III MD	CHAIRMAN 7/22-4/23	1.00	Director	$0	$0	$5,250
WESLEY H FRIERSON MD	VICE-CHAIR 7/22-4/23;CHAIR 5/23-6/23	1.00	Director	$0	$0	$0
H TIM PEARCE MD FACS	SECRETARY, AMA ALTERNATE DELEGATE	1.00	Director	$0	$0	$0
M MAYES DUBOSE MD	TREAS 7/22-4/23;PRES-ELECT 5/23-6/23	1.00	Director	$0	$0	$0
AMANDA S DAVIS MD	MBR-AT-LARGE 7/22-4/23; VCHAIR 5/23-6/23	1.00	Director	$0	$0	$0
JEFFREY P CASHMAN DO	SPEAKER OF HOUSE	1.00	Director	$0	$0	$0
STEFANIE M PUTNAM MD	V. SPKR OF HOUSE, AMA ALT. DELEGATE	1.00	Director	$0	$0	$0
RYAN C GARBALOSA DO	MBR-AT-LARGE 5/23-6/23	1.00	Director	$0	$0	$0
ANTHONY MILES SCOTT DO	TREASURER 5/23-6/23	1.00	Director	$0	$0	$0
MICHELLE BOLIN	CFO, COO	1.00	Officer	$0	$37,231	$323,462
RICHELE TAYLOR	CEO/CLO	1.00	Officer	$0	$37,273	$334,629

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	$1,243,568	$953,536	$3,032,632	$290,032
2022	$1,075,181	$1,296,542	$3,108,547	$-221,361
2021	$977,722	$1,291,932	$2,934,149	$-314,210
2020	$873,383	$1,471,076	$2,881,426	$-597,693
2019	$1,266,744	$1,310,317	$2,937,750	$-43,573
2018	$1,270,571	$886,863	$2,870,174	$383,708

SOUTH CAROLINA MEDICAL ASSOCIATION FOUNDATION