TRAVIS COUNTY MEDICAL SOCIETY FOUN… - 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

1971

Legal Domicile

Principal Officer

MARSHALL COTHRAN

Phone

5122061164

Tax Period

2023-01-01 to 2023-12-31

TRAVIS COUNTY MEDICAL SOCIETY FOUNDATION, founded in 1971, is a small nonprofit that reported $504K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $713K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO SUPPORT AND ADMINISTER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF THE TRAVIS COUNTY MEDICAL SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $264,028

EXPENDITURES INCURRED RELATED TO SUPPORT FOR EXEMPT ORGANIZATIONS PROVIDING INDIGENT CARE.

Program 2

Expenses: $260,435 Revenue: $90,989

PROMOTING MEDICAL EDUCATION IN CENTRAL TEXAS; PROVIDING EDUCATIONAL ACTIVITIES FOR THE MEDICAL COMMUNITY; SUPPORT OF CHARITABLE ACTIVITIES THAT CONTRIBUTE TO A HEALTHIER COMMUNITY.

Program 3

Expenses: $126,800

PROVIDING MEDICAL STUDENT 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 (2023)

Revenue Breakdown

Contributions & Grants $359,411

Program Service Revenue $90,989

Investment Income $53,177

Other Revenue $0

TOTAL REVENUE $503,577

Expense Breakdown

Grants Paid $118,100

Salaries & Benefits $197,382

Fundraising Expenses $0

Program Expenses $651,263

Other Expenses $397,857

TOTAL EXPENSES $713,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$503,577	$532,246	-0.1%
Expenses	$713,339	$604,236	+0.2%
Net Income	$-209,762	$-71,990	+1.9%

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

100

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

$864,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A ROMAIN	CHAIR, BOARD OF ETHICS	1.00	Officer Director	$0	$0	$0
JONATHAN MACCLEMENTS MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
TINA J PHILIP MD	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SCOTT W CLITHEROE MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
HILLARY MILLER MD	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
HOLLI SADLER MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ALINDA R COX MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
RICHARD SOLIS MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
BELDA ZAMORA MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
MARIA CLAIRE MONGE MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
J STUART WOLF JR MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ESTHER J CHEUNG-PHILLIPS MD	DELEGATION REPRESENTATIVE	1.00	Director	$0	$0	$0
BELINDA CLARE	CEO	1.00	Officer	$0	$28,084	$278,802
MARSHALL COTHRAN	CSO	1.00	Officer	$0	$34,218	$294,409
ARLIN HALL	CFO	1.00	Officer	$0	$30,146	$291,447

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	$503,577	$713,339	$2,242,368	$-209,762
2022	$532,246	$604,236	$2,195,400	$-71,990
2021	$489,209	$559,225	$2,531,591	$-70,016
2020	$623,684	$521,660	$2,374,361	$102,024
2019	$570,489	$559,756	$2,138,904	$10,733
2018	$517,042	$457,900	$1,919,257	$59,142

TRAVIS COUNTY MEDICAL SOCIETY FOUNDATION