MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC

EIN: 586066431 501(c)(3) Health Care

ATLANTA, GA

Total Revenue
$4,143,823
Total Expenses
$744,969
Total Assets
$2,700,928
Net Assets
$1,180,949
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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
1967
Legal Domicile
GA
Principal Officer
JEREMY T BONFINI
Phone
6783039290
Tax Period
2023-01-01 to 2023-12-31

MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC, founded in 1967, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 953% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 82% operating margin.

Mission

THE FOUNDATION IS A PUBLIC CHARITY ENABLING GEORGIA PHYSICIANS TO SUPPORT AND ENGAGE IN CHARITABLE AND EDUCATIONAL PROJECTS AFFECTING MEDICINE AND PUBLIC HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,928,939
Program Service Revenue $16,250
Investment Income $106,845
Other Revenue $91,789
TOTAL REVENUE $4,143,823

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $689,727
Other Expenses $744,969
TOTAL EXPENSES $744,969

Year-over-Year Comparison

2023 2022 Change
Revenue $4,143,823 $393,437 +9.5%
Expenses $744,969 $219,108 +2.4%
Net Income $3,398,854 $174,329 +18.5%
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

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
9

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
$333,050
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK M CHAPMAN MD PRES. & TRUSTEE 1.00
Officer Director
$0 $0 $0
JOHN S ANTALIS MD VP & TRUSTEE 1.00
Officer Director
$0 $0 $0
STEVEN M WALSH MD SEC/TREAS. & TRUSTEE 1.00
Officer Director
$0 $0 $0
UMA JONNALAGADDA MD TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E SILVER MD TRUSTEE 1.00
Director
$0 $0 $0
JOHN HARVEY MD TRUSTEE 1.00
Director
$0 $0 $0
CHARLES WILMER TRUSTEE 1.00
Director
$0 $0 $0
RANDY FRANK RIZOR MD TRUSTEE 1.00
Director
$0 $0 $0
TOM EMERSON TRUSTEE 1.00
Director
$0 $0 $0
JEREMY BONFINI EXECUTIVE DIRECTOR 10.00
Officer
$0 $9,750 $333,050
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 No data No data No data No data
2023 $4,143,823 $744,969 $2,700,928 $3,398,854
2022 $393,437 $219,108 $6,114,491 $174,329
2021 $310,986 $143,768 $6,880,791 $167,218
2020 $253,125 $108,677 $6,364,290 $144,448
2019 $318,132 $217,506 $6,160,652 $100,626
2018 $1,680,242 $259,388 $5,967,454 $1,420,854
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