ARIZONA MEDICAL ASSOCIATION INC

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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

1950

Legal Domicile

Principal Officer

JAMES NACHBAR MD

Phone

6023476900

Tax Period

2024-01-01 to 2024-12-31

ARIZONA MEDICAL ASSOCIATION INC, founded in 1950, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE ARIZONA MEDICAL ASSOCIATION IS THE STRONGEST ADVOCATE, ALLY, AND RESOURCE FOR ARIZONA'S PHYSICIANS AND PHYSICIANS-IN-TRAINING. TOGETHER, WE ARE FOSTERING THE PRACTICE OF MEDICINE, CHAMPIONING PATIENT CARE, AND STRENGTHENING THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

ARMA SERVES THE INTEREST OF MEMBER PHYSICIANS IN ARIZONA. IN SERVING ITS MEMBERS, ARMA PROVIDES THE FOLLOWING ACTIVITIES: (1) ADVOCACY - ARMA REPRESENTS PHYSICIAN MEMBERS BEFORE THE LEGISLATURE AND STATE AGENCIES, HEALTH PLANS, MEDIA, AND GENERAL PUBLIC. ARMA IS ACTIVELY INVOLVED TO IMPROVE ACCESS TO CARE THROUGHOUT ARIZONA.(2) MEDICAL PRACTICE - ARMA OFFERS SUPPORT FOR PRACTICE OPERATIONS. ARMA PRESENTS EDUCATIONAL PROGRAMS AND ONLINE RESOURCES ON BUILDING ESSENTIAL PRACTICE OPERATIONAL SKILLS FOR ALL MEMBERS.(3) ARMA HAS BEEN A KEY LEADER IN ADDRESSING THE WORKFORCE SHORTAGES IN ARIZONA WORKING WITH OTHER HEALTHCARE STAKEHOLDERS AND THE STATE TO DETERMINE PLANS OF ACTION TO ADDRESS WORKFORCE SHORTAGES AND CREATE STRATEGIES TO REDUCE SHORTAGES IN THE FUTURE. (CONTINUED ON SCHEDULE O)(4) ARMA HAS WORKED TO ADDRESS SOCIAL DETERMINANTS OF HEALTH BY LAUNCHING THE SDOH CENTER OF EXCELLENCE, A STEP-BY-STEP SCREENING TOOL FOR MEDICAL PRACTICES AND WORKED WITH A COHORT OF PRIVATE PRACTICES TO IMPLEMENT SDOH SCREENING WITH THEIR PATIENTS.

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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 $464,984

Program Service Revenue $1,256,449

Investment Income $45,081

Other Revenue $31,296

TOTAL REVENUE $1,797,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,362,879

Fundraising Expenses $0

Other Expenses $594,583

TOTAL EXPENSES $1,957,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,797,810	$1,951,292	-0.1%
Expenses	$1,957,462	$1,965,460	0.0%
Net Income	$-159,652	$-14,168	+10.3%

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

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

$427,193

Total Directors

$21,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM THOMPSON	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$21,758	$0	$21,758
JASON JAMESON	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
NADEEM KAZI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES NACHBAR	TREASURER	1.00	Officer Director	$0	$0	$0
CORINNA SALDANHA	SECRETARY	1.00	Officer Director	$0	$0	$0
ILANA ADDIS	PIMA DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN ALEXANDER	ARMPAC CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER BAILEY	PIMA DIRECTOR	1.00	Director	$0	$0	$0
DAVID BALTAZAR	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
AJAY BHATNAGAR	MARICOPA DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CODD	MEDICAL STUDENT DIRECTOR	1.00	Director	$0	$0	$0
SARAH COLES	RURAL DIRECTOR	1.00	Director	$0	$0	$0
RICARDO CORREA	MARICOPA DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CURTIN	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
RONNIE DOWLING	AMA DELEGATATION CHAIR	1.00	Director	$0	$0	$0
MICHAEL DUNN	MARICOPA DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GENTZ	MARICOPA DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE GLASER	RURAL DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY GRAHAM	AT-LARGE MEMBER OF EC	1.00	Director	$0	$0	$0
M ZUHDI JASSER	AMA DELEGATE	1.00	Director	$0	$0	$0
BHARAT MAGU	RURAL DIRECTOR	1.00	Director	$0	$0	$0
LAURA MERCER	AT LARGE MEMBER EC	1.00	Director	$0	$0	$0
SARAH PATEL	EARLIER CAREER DIRECTOR	1.00	Director	$0	$0	$0
VIKTORYA TANNENBAUM	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
HEIDI TAVEL	L&G CHAIR	1.00	Director	$0	$0	$0
ADAM THOMPSON	MEDICAL STUDENT DIRECTOR	1.00	Director	$0	$0	$0
THOMAS VARKEY	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DE BIE	CEO	40.00	Officer	$271,050	$10,201	$281,251
MECHELLE MOORE	COO	40.00	Officer	$114,199	$9,985	$124,184

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	$1,797,810	$1,957,462	$1,937,350	$-159,652
2023	$1,951,292	$1,965,460	$2,289,027	$-14,168
2022	$1,826,065	$2,029,072	$2,144,986	$-203,007
2021	$2,131,556	$1,884,274	$1,977,787	$247,282
2020	$1,922,387	$1,973,369	$1,655,840	$-50,982
2019	$2,809,511	$1,841,527	$1,980,128	$967,984
2018	$1,905,125	$1,843,626	$958,518	$61,499