TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION (EIN 742749879) - 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

1954

Legal Domicile

Principal Officer

MICHAEL DARROUZET

Phone

5123701490

Tax Period

2024-01-01 to 2024-12-31

TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION, founded in 1954, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $694K, a strong 62% operating margin.

Mission

THE FOUNDATION 1)SUPPORTS PUBLIC HEALTH PROGRAMS 2) PROVIDES LOANS TO MEDICAL STUDENTS, RESIDENTS, AND GRADUATE STUDENTS 3) LIMITED GRANTS 4)UNDERWRITES LECTURESHIPS REGARDING MEDICINE AND THE LAW.

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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 $954,334

Program Service Revenue $21,493

Investment Income $150,935

Other Revenue $0

TOTAL REVENUE $1,126,762

Expense Breakdown

Grants Paid $234,561

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,027

Other Expenses $198,380

TOTAL EXPENSES $432,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,126,762	$1,054,892	+0.1%
Expenses	$432,941	$504,360	-0.1%
Net Income	$693,821	$550,532	+0.3%

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

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

$1,471,993

Total Directors

$213,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G RAY CALLAS MD	PRES(24-25)/PRES-ELECT(23-24)	1.00	Officer Director	$0	$0	$134,833
RICHARD W SNYDER II MD	PRES(23-24)/IMMED PAST PRES(24-25)	1.00	Officer Director	$0	$0	$66,667
GARY W FLOYD MD	IMMED PAST PRES(23-24)	0.00	Officer Director	$0	$0	$0
JAYESH B SHAH MD	PRES-ELECT(24-25)/SECRETARY(23-24)	0.00	Officer Director	$0	$0	$0
JOSEPH S VALENTI MD	CHAIR (24-25)/VICE CHAIR (23-24)	1.00	Director	$0	$0	$6,000
KEITH A BOURGEOIS MD	CHAIR (23-24)	1.00	Director	$0	$0	$6,000
GREGORY M FULLER MD	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
BRADFORD W HOLLAND MD	SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
JOHN G FLORES MD	VICE SPEAKER OF THE HOUSE	0.00	Officer Director	$0	$0	$0
TONY R AVENTA MD	TRUSTEE	0.00	Director	$0	$0	$0
JOHN T CARLO MD	TRUSTEE	0.00	Director	$0	$0	$0
CYNTHIA A JUMPER MD	TRUSTEE	0.00	Director	$0	$0	$0
KIMBERLY E MONDAY MD MPH	TRUSTEE	0.00	Director	$0	$0	$0
BRADFORD S PATT MD	TRUSTEE	0.00	Director	$0	$0	$0
LISA L EHRLICH MD	TRUSTEE (23-24)	0.00	Director	$0	$0	$0
LEE ANN PEARSE MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
DEXTER G TURNQUEST MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
RODNEY B YOUNG MD	TRUSTEE (24-25)	0.00	Director	$0	$0	$0
SAMUEL E MATHIS MD	YOUNG PHYSICIAN MBR (23-24)	0.00	Director	$0	$0	$0
ANDREW J WIDMER MD	YOUNG PHYSICIAN MBR (24-25)	0.00	Director	$0	$0	$0
SUBHAN TABBA MD	RESIDENT/FELLOW MBR (23-24)	0.00	Director	$0	$0	$0
PRUTHALI KULKARNI DO	RESIDENT/FELLOW MBR (24-25)	0.00	Director	$0	$0	$0
KATHERINE RUSSELL	MEDICAL STUDENT MBR (23-24)	0.00	Director	$0	$0	$0
PARMINDER DEO	MEDICAL STUDENT MBR (24-25)	0.00	Director	$0	$0	$0
MICHAEL J DARROUZET	CEO	1.00	Officer	$0	$47,544	$718,305
JOHN E DORMAN	COO	1.00	Officer	$0	$80,912	$552,188

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	$1,126,762	$432,941	$6,091,018	$693,821
2023	$1,054,892	$504,360	$5,076,655	$550,532
2022	$454,103	$436,683	$4,207,006	$17,420
2021	$395,780	$278,624	$4,711,593	$117,156
2020	$956,015	$835,429	$4,300,544	$120,586
2019	$995,807	$791,322	$3,908,540	$204,485

TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION