Washoe County Medical Society

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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

1907

Legal Domicile

Principal Officer

Angela Bedell

Phone

7758250278

Tax Period

2022-10-01 to 2023-09-30

Washoe County Medical Society, founded in 1907, is a small nonprofit that reported $243K in total revenue in fiscal year 2022.

Mission

WE ARE A PROFESSIONAL CORPORATION ORGANIZED TO PROVIDE AND PROMOTE ADVOCACY FOR PHYSICIANS AND PATIENTS AND PROMOTE THE ART AND SCIENCE OF MEDICINE AND PUBLIC HEALTH.

Program Service Accomplishments

Program 1

THE ASSOC. HOLDS MEETINGS ON VARIOUS RELEVANT TOPICS AND PROVIDES SOCIAL EVENTS TO IMPROVE NETWORKING OPPORTUNITIES AMONG DOCTORS. THIS ALSO ASSISTS THE COMMUNITY BY PROVIDING REFERRALS OF QUALIFIED DOCTORS. THE MEETINGS ALSO SERVE TO EDUCATE DOCTORS AND IMPROVE THE GENERAL QUALITY OF CARE IN THE PROFESSION.

Program 2

A NEWSLETTER IS PREPARED TO INFORM MEMBERS OF DEVELOPMENTS IN THE PROFESSION AND TO DISCUSS AREAS OF INTEREST TO DOCTORS. ADDITIONALLY, A DIRECTORY IS PREPARED TO PROVIDE INFORMATION TO THE MEMBERS...

Program 3

THE ORGANIZATION HAS AN AUXILIARY MEMBERSHIP WHICH DISSEMINATES HEALTH RELATED INFORMATION TO IMPROVE THE COMMUNITY AND PROVIDE VISIBILTY FOR THE ORGANIZATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $154,386

Program Service Revenue $77,572

Investment Income $10,775

Other Revenue $0

TOTAL REVENUE $242,733

Expense Breakdown

Grants Paid $2,930

Salaries & Benefits $94,693

Fundraising Expenses $0

Other Expenses $143,732

TOTAL EXPENSES $241,355

Year-over-Year Comparison

	2022	2021	Change
Revenue	$242,733	$247,745	0.0%
Expenses	$241,355	$253,487	0.0%
Net Income	$1,378	$-5,742	-1.2%

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

$57,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BAYO CURRY-WINCHELL MD	PRESIDENT	2.30	Officer Director	$0	$0	$0
DANIEL SPOGEN MD	PRESIDENT -ELECT	1.15	Officer Director	$0	$0	$0
JOHN HARDWICK MD	SECRETARY/TREASURER	0.77	Officer Director	$0	$0	$0
SHAINA RICHARDSON MD	IMMED. PAST PRES.	0.77	Officer Director	$0	$0	$0
RON SMITH MD	DELEGATATION CHAIRPERSON	1.92	Director	$0	$0	$0
MARIKO RAJAMAND MD	DIRECTOR	0.38	Director	$0	$0	$0
SAMANTHA SCHNEIDER MD	DIRECTOR	0.38	Director	$0	$0	$0
THOMAS CHRISTENSEN MD	DIRECTOR	0.38	Director	$0	$0	$0
NICHOLAS ANAST MD	DIRECTOR	0.38	Director	$0	$0	$0
ALI NAIRIZI MD	DIRECTOR	0.38	Director	$0	$0	$0
TIM O'MARA MD	DIRECTOR	0.38	Director	$0	$0	$0
MARY ANN MCCAULEY	FORMER EXECUTIVE DIRECTOR	24.00	Officer	$57,745	$0	$57,745
COLIN WEST MD	DIRECTOR	0.38	Director	$0	$0	$0
LALI SEKHON MD	DIRECTOR	0.38	Director	$0	$0	$0
ANGELA BEDELL	EXECUTIVE DIRECTOR	24.00	Officer	$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	No data	No data	No data	No data
2023	$242,733	$241,355	$383,048	$1,378
2022	$247,745	$253,487	$352,143	$-5,742
2020	$205,089	$217,441	$450,405	$-12,352