SOUTHERN MEDICAL ASSOCIATION

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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

1906

Legal Domicile

Principal Officer

RANDALL E GLICK

Phone

2059451840

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN MEDICAL ASSOCIATION, founded in 1906, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IMPROVE QUALITY OF PATIENT CARE THROUGH MULTIDISCIPLINARY, INTERPROFESSIONAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $683,516 Revenue: $496,588

THE ORGANIZATION IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION TO PROVIDE CONTINUING MEDICAL EDUCATION (CME) TO INDIVIDUALS IN THE MEDICAL PROFESSION. THE ORGANIZATION HOSTS LIVE MEETINGS, ON-LINE COURSES, AND CUSTOMIZED CME TO MEET INDIVIDUAL'S EDUCATION NEEDS. SMA ALSO OFFERS MOC OPTIONS FOR ACQUIRING NEEDED MOC POINTS.

Program 2

Expenses: $130,852 Revenue: $194,035

THE ORGANIZATION PUBLISHES THE SOUTHERN MEDICAL JOURNAL, AN OFFICIAL, PEER-REVIEWED JOURNAL. THE JOURNAL HAS A MULTIDISCIPLINARY AND INTER-PROFESSIONAL FOCUS THAT COVERS A BROAD RANGE OF TOPICS...

THE ORGANIZATION PUBLISHES THE SOUTHERN MEDICAL JOURNAL, AN OFFICIAL, PEER-REVIEWED JOURNAL. THE JOURNAL HAS A MULTIDISCIPLINARY AND INTER-PROFESSIONAL FOCUS THAT COVERS A BROAD RANGE OF TOPICS RELEVANT TO PHYSICIANS AND OTHER HEALTHCARE SPECIALISTS, INCLUDING MEDICINE; SURGERY; WOMEN'S AND CHILDREN'S HEALTH; MENTAL HEALTH; EMERGENCY AND DISASTER MEDICINE; PUBLIC HEALTH AND ENVIRONMENTAL MEDICINE; BIOETHICS AND MEDICAL EDUCATION; AND QUALITY HEALTH CARE, PATIENT SAFETY, AND BEST PRACTICES. THERE HAVE BEEN MORE THAN 46,000 SCIENTIFIC PEER-REVIEWED ARTICLES PRINTED IN THE JOURNAL.

Program 3

Expenses: $10,000

GIVEN MORE THAN $3.5 MILLION IN FINANCIAL SUPPORT THROUGH SCIENTIFIC RESEARCH GRANTS, LOANS, AND SCHOLARSHIPS SINCE THE ORGANIZATION'S INCEPTION.

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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 $116,376

Program Service Revenue $690,623

Investment Income $209,633

Other Revenue $53,952

TOTAL REVENUE $1,070,584

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $416,971

Fundraising Expenses $0

Program Expenses $824,368

Other Expenses $776,990

TOTAL EXPENSES $1,203,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,070,584	$1,007,935	+0.1%
Expenses	$1,203,961	$1,398,274	-0.1%
Net Income	$-133,377	$-390,339	-0.7%

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

$85,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA BREEN MD	BOARD MEMBER	5.00	Director	$0	$0	$0
STUART GOODMAN MD	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTOPHER JACKSON MD	IMMEDIATE PAST PRESIDENT	5.00	Director	$0	$0	$0
LAWRENCE CARTER MD	PAST-PRESIDENT	5.00	Director	$0	$0	$0
GLENN TALBOY MD	PRESIDENT-ELECT DESIGNATE	5.00	Officer Director	$0	$0	$0
LORETTA LOFTUS MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID NETSCHER MD	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
DONALD J DIPETTE MD	BOARD MEMBER	5.00	Director	$0	$0	$0
G WALDON GARRISS III MD	BOARD MEMBER	5.00	Director	$0	$0	$0
BUCKLEY MCCALL MD	BOARD MEMBER	5.00	Director	$0	$0	$0
RANDALL E GLICK	EXECUTIVE DIRECTOR	40.00	Officer	$68,021	$17,470	$85,491

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	$1,070,584	$1,203,961	$5,598,794	$-133,377
2024	$1,007,935	$1,398,274	$5,452,697	$-390,339
2023	$1,143,975	$1,170,750	$5,931,908	$-26,775
2022	$1,030,913	$1,112,401	$5,765,851	$-81,488
2021	$1,111,448	$896,330	$7,313,333	$215,118
2020	$1,001,496	$1,230,864	$5,063,551	$-229,368
2019	$1,527,085	$1,863,246	$4,728,173	$-336,161