TEXAS MEDICAL ASSOCIATION FOUNDATION

EIN: 746073346 501(c)(3) Community Improvement

AUSTIN, TX

Total Revenue
$1,677,167
Total Expenses
$1,370,477
Total Assets
$16,951,177
Net Assets
$16,616,727
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
TX
Principal Officer
LISA STARK WALSH
Phone
5123701664
Tax Period
2024-01-01 to 2024-12-31

TEXAS MEDICAL ASSOCIATION FOUNDATION, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $307K, a strong 18% operating margin.

Mission

THE FOUNDATION PROVIDES FOR PUBLIC HEALTH, MEDICAL, AND EDUCATIONAL PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $822,381
Program Service Revenue $0
Investment Income $727,153
Other Revenue $127,633
TOTAL REVENUE $1,677,167

Expense Breakdown

Grants Paid $663,217
Salaries & Benefits $411,442
Fundraising Expenses $196,415
Program Expenses $798,605
Other Expenses $295,818
TOTAL EXPENSES $1,370,477

Year-over-Year Comparison

2024 2023 Change
Revenue $1,677,167 $1,382,896 +0.2%
Expenses $1,370,477 $1,419,861 0.0%
Net Income $306,690 $-36,965 -9.3%
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

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Governance

Voting Members
18
Independent Members
18
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
6
$180,988
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA F ORTIQUE MD PRESIDENT 2023-2024 0.00
Officer Director
$0 $0 $0
MICHAEL E SPEER MD IMMEDIATE PAST PRESIDENT 2023-2024 0.00
Officer Director
$0 $0 $0
CLIFFORD K MOY MD VICE PRESIDENT 2023-2024 0.00
Officer Director
$0 $0 $0
KIM M RICE MD SECRETARY 2023-2024 0.00
Officer Director
$0 $0 $0
AMY WHITED TREASURER 2023-2024 0.00
Officer Director
$0 $0 $0
G RAY CALLAS MD TRUSTEE 0.00
Director
$0 $0 $0
KIMBERLY CARTER MD TRUSTEE 0.00
Director
$0 $0 $0
JOY LO CHEN MD YOUNG PHYSICIAN SECTION REPRESENTATIVE 23-24 0.00
Director
$0 $0 $0
ANGELA B DONAHUE TRUSTEE 0.00
Director
$0 $0 $0
MAX GALVAN MD RESIDENT AND FELLOWS SECTION REPRESENTATIVE 24-25 0.00
Director
$0 $0 $0
CURTIS ERIC GREY MD TRUSTEE 0.00
Director
$0 $0 $0
ZISHAN HIRANI MD YOUNG PHYSICIAN SECTION REPRESENTATIVE 24-25 0.00
Director
$0 $0 $0
ISABEL V HOVERMAN MD TRUSTEE 0.00
Director
$0 $0 $0
PRUTHALI KULKARNI DO RESIDENT AND FELLOWS SECTION REPRESENTATIVE 23-24 0.00
Director
$0 $0 $0
DAVID LANDRY TRUSTEE 0.00
Director
$0 $0 $0
DEBBIE MASSINGILL TRUSTEE 0.00
Director
$0 $0 $0
LI-YU H MITCHELL MD TRUSTEE 0.00
Director
$0 $0 $0
SUNSHINE MOORE EXEC-COMM. MEMBER AT LARGE 0.00
Director
$0 $0 $0
MIKE MOSKOVITZ TRUSTEE 0.00
Director
$0 $0 $0
YUSUF MUFTI TRUSTEE 0.00
Director
$0 $0 $0
CRAIG NORMAN RPH TRUSTEE 0.00
Director
$0 $0 $0
PETER PARK TRUSTEE 0.00
Director
$0 $0 $0
STUART C PICKELL MD FACP FAAP TRUSTEE 0.00
Director
$0 $0 $0
DEBORAH PITTS TRUSTEE 0.00
Director
$0 $0 $0
MELISSA ROWAN MSW MBA TRUSTEE 0.00
Director
$0 $0 $0
JAYESH B SHAH MD TRUSTEE 0.00
Director
$0 $0 $0
JOI SMITH TRUSTEE 0.00
Director
$0 $0 $0
NATASHA TOPOLSKI MEDICAL STUDENT SECTION REPRESENTATIVE 24-25 0.00
Director
$0 $0 $0
LISA STARK WALSH EXECUTIVE DIRECTOR 40.00
Officer
$141,080 $39,908 $180,988
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 $1,677,167 $1,370,477 $16,951,177 $306,690
2023 $1,382,896 $1,419,861 $15,515,383 $-36,965
2022 $1,314,959 $1,334,193 $14,038,201 $-19,234
2021 $2,226,990 $1,220,513 $16,598,953 $1,006,477
2020 $1,259,065 $1,178,571 $14,207,644 $80,494
2019 $2,183,998 $1,319,508 $12,851,197 $864,490
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