FLORIDA MEDICAL ASSOCIATION INC (EIN 590559672) - Form 990 Financial Analysis & Trantor Score

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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

1959

Legal Domicile

Principal Officer

CHRISTOPHER CLARK

Phone

8502246496

Tax Period

2024-01-01 to 2024-12-31

FLORIDA MEDICAL ASSOCIATION INC, founded in 1959, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $6.7M left a modest 5% surplus.

Mission

TO HELP PHYSICIANS PRACTICE MEDICINE. THEIR GOALS ARE PUBLIC POLICY ADVOCACY, BEING THE VOICE OF MEDICINE, INCREASING VALUE, & OPTIMIZING EFFECTIVENESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $213,750

Program Service Revenue $6,101,481

Investment Income $405,326

Other Revenue $327,000

TOTAL REVENUE $7,047,557

Expense Breakdown

Grants Paid $869

Salaries & Benefits $3,759,191

Fundraising Expenses $0

Other Expenses $2,928,957

TOTAL EXPENSES $6,689,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,047,557	$8,263,137	-0.1%
Expenses	$6,689,017	$6,822,580	0.0%
Net Income	$358,540	$1,440,557	-0.8%

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

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

$789,973

Total Directors

$176,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJOY KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
AKEIM GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER LAKE	DIRECTOR	1.00	Director	$0	$0	$0
ALMA LITTLES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMRA RESIC	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BOROM	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL BOSCH-DELEON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY B NORSE	PRESIDENT ELECT	1.00	Officer Director	$1,250	$0	$1,250
BRANDON LUCKE-WOLD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE KOWAL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES J CHASE	TREASURER	1.00	Officer Director	$24,000	$0	$24,000
CHARLES LOCKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
COREY HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DAUBE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MULLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD KING	DIRECTOR	1.00	Director	$0	$0	$0
EVA CROOKE	DIRECTOR	1.00	Director	$0	$0	$0
JASON M GOLDMAN	IMMEDIATE PAST PRESIDENT	40.00	Officer Director	$108,108	$0	$108,108
JOSH BLOOM	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MEGURO	DIRECTOR	1.00	Director	$0	$0	$0
LISA A COSGROVE	PRESIDENT	40.00	Officer Director	$42,998	$0	$42,998
MARISSA DARASKEVICH	DIRECTOR	1.00	Director	$0	$0	$0
MARK A RUBENSTEIN	SPEAKER	1.00	Officer Director	$0	$0	$0
MARK DOBBERTIEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PATETE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE FALCONE	DIRECTOR	1.00	Director	$0	$0	$0
NARESH PATHAK	DIRECTOR	1.00	Director	$0	$0	$0
PARESH PATEL	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
ROGER DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
RUDOLPH MOISE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HALL	SECRETARY	1.00	Officer Director	$0	$0	$0
SANJAY PATTANI	VICE SPEAKER	1.00	Officer Director	$0	$0	$0
SHANE STRUM	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
TRA'CHELLA JOHNSON FOY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CLARK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$382,262	$47,890	$430,152
KRISTY JONES	CHIEF FINANCIAL OFFICER	40.00	Officer	$154,384	$29,081	$183,465
CYNTHIA KYNOCH	DIRECTOR OF PUBLIC POLICY STRATEGY	40.00	Highest	$178,154	$15,700	$193,854
JEFF SCOTT	GENERAL COUNSEL	40.00	Highest	$259,402	$33,771	$293,173
MATTHEW CROWLEY	CHIEF OPERATIONS OFFICER	40.00	Highest	$130,009	$28,030	$158,039
MELISSA CARTER	VP OF EDUCATION & MEMBERSHIP	40.00	Highest	$129,050	$12,087	$141,137
SARAH HICKMAN	VP OF POLITICAL AFFAIRS	35.00	Highest	$147,779	$41,636	$189,415

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	$7,047,557	$6,689,017	$14,749,426	$358,540
2023	$8,263,137	$6,822,580	$14,330,083	$1,440,557
2022	$6,829,458	$6,637,660	$12,375,839	$191,798
2021	$7,201,125	$6,772,467	$13,317,089	$428,658
2020	$6,689,308	$6,393,303	$12,434,002	$296,005
2019	$7,986,624	$7,313,109	$12,012,253	$673,515
2018	$8,083,445	$7,550,345	$11,218,009	$533,100

FLORIDA MEDICAL ASSOCIATION INC