University of Alabama Medical Alumni Association

EIN: 630798749 501(c)(3) Education

Birmingham, AL

Total Revenue
$255,356
Total Expenses
$270,189
Total Assets
$1,885,935
Net Assets
$1,885,935
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
AL
Principal Officer
Meredith Burns
Phone
2059344463
Tax Period
2023-10-01 to 2024-09-30

University of Alabama Medical Alumni Association, founded in 1961, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2023. Net assets of $1.9M represent 89 months of operating reserves.

Mission

To advance the art and science of medicine and to enhance the lives of all graduates by: fostering a collegial atmosphere among students, alumni, and faculty through publications and forums that present new medical knowledge, elicit discussion among physicians and medical students, and keep members informed of one another's professional activities; cooperating with The University of Alabama School of Medicine to achieve its highest goals as an institution of learning and as part of a teaching hospital; encouraging medical students to aspire to the highest ethical, professional, educational, and clincial standards, as well as to maintain the integrity of the physician/patient relationship; striving always for excellence in patient care and medical training; ensuring that funding be sustained, indeed increased, for medical training and research vital to the future of the medical profession.

Program Service Accomplishments

Program 1
Expenses: $129,247 Revenue: $36,550

The annual Alumni Weekend is a gathering of University of Alabama School of Medicine alumni from around the world to reconnect, share their accomplishments, and attend lectures and presentations...

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The annual Alumni Weekend is a gathering of University of Alabama School of Medicine alumni from around the world to reconnect, share their accomplishments, and attend lectures and presentations. Throughout the year, additional alumni events and programs are held to foster opportunities for alumni to interact with each other and the School of Medicine.

Program 2
Expenses: $54,886

The Association benefits the students of the University of Alabama School of Medicine by supporting and hosting several student events. The Association provides students with the opportunity to...

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The Association benefits the students of the University of Alabama School of Medicine by supporting and hosting several student events. The Association provides students with the opportunity to interact with other students as well as network with alumni. The Association hosts many students events throughout the school year like pre-exam breakfasts, happy hours, lunch and learns and more. The Association recently renovated a student lounge to provide medical students an area to gather and study.

Program 3
Expenses: $43,677

The Association benefits the students of the University of Alabama School of Medicine through scholarships and awards, and financial assistance for students with emergency needs.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $154,028
Program Service Revenue $36,550
Investment Income $64,778
Other Revenue $0
TOTAL REVENUE $255,356

Expense Breakdown

Grants Paid $23,677
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $234,267
Other Expenses $246,512
TOTAL EXPENSES $270,189

Year-over-Year Comparison

2023 2022 Change
Revenue $255,356 $256,256 0.0%
Expenses $270,189 $286,060 -0.1%
Net Income $-14,833 $-29,804 -0.5%
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
20
Independent Members
20
Employees
N/A
Volunteers
10

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
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
P Michael Caruso MD President 0.10
Officer Director
$0 $0 $0
Rebecca R Byrd MD President-Elect 0.10
Officer Director
$0 $0 $0
V Michael Bivins MD Past President 0.10
Officer Director
$0 $0 $0
Bridget Cobb MD Secretary/Treasurer 0.10
Officer Director
$0 $0 $0
John Donald Kirby MD District Vice President 0.10
Director
$0 $0 $0
David L Morrison MD District Vice President (Feb 2024) 0.10
Director
$0 $0 $0
Anne Bruns Davis MD District Vice President 0.10
Director
$0 $0 $0
Alexis T Mason MD District Vice President 0.10
Director
$0 $0 $0
F Calame Sammons MD District Vice President 0.10
Director
$0 $0 $0
Kirby I Bland MD District Vice President 0.10
Director
$0 $0 $0
Theodis Buggs Jr MD District Vice President 0.10
Director
$0 $0 $0
Wick J Many Jr MD District Vice President; At Large (Feb 2024) 0.10
Director
$0 $0 $0
J Dewayne Tooson MD At Large 0.10
Director
$0 $0 $0
Catherine L Wood MD At Large (term ended Feb 2024) 0.10
Director
$0 $0 $0
Arnelya C Chatman MD At Large 0.10
Director
$0 $0 $0
Hilary H Beason MD At Large 0.10
Director
$0 $0 $0
Regina N Coleman MD Ex Officio; At Large (term began Feb 2024) 0.10
Director
$0 $0 $0
Craig L Coe MD Ex Officio (term began Feb 2024) 0.10
Director
$0 $0 $0
F Cleve Kinney MD At Large (term ended Feb 2024) 0.10
Director
$0 $0 $0
Nicholas J Van Wagoner MD At Large (Feb 2024) 0.10
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
2024 $255,356 $270,189 $1,885,935 $-14,833
2023 $256,256 $286,060 $1,742,908 $-29,804
2022 $237,009 $226,257 $1,699,127 $10,752
2021 $221,961 $128,310 $1,893,434 $93,651
2020 $219,479 $410,940 $1,468,710 $-191,461
2019 $275,436 $234,757 $1,692,762 $40,679
2018 $313,570 $240,200 $1,677,042 $73,370
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