WASHINGTON OSTEOPATHIC MEDICAL ASSOCIATION

EIN: 916037851

GIG HARBOR, WA

Total Revenue
$175,993
Total Expenses
$153,002
Total Assets
$60,131
Net Assets
$33,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
WA
Principal Officer
ROSEANNE ANDERSEN
Phone
4256773930
Tax Period
2023-01-01 to 2023-12-31

WASHINGTON OSTEOPATHIC MEDICAL ASSOCIATION, founded in 1901, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $153K left a modest 13% surplus.

Mission

WASHINGTON OSTEOPATHIC MEDICAL ASSOCIATION (WOMA) PROMOTES PUBLIC HEALTH AND THE ART AND SCIENCE OF OSTEOPATHIC MEDICINE.

Program Service Accomplishments

Program 1

LEGISLATIVE ADVOCACY: WOMA EMPLOYED A FULL TIME LOBBYIST TO ADVOCATE FOR THE OSTEOPATHIC PROFESSION IN WASHINGTON STATE. WOMA PROVIDED REPRESENTATION TO VARIOUS STATE AND FEDERAL HEALTH PROGRAM...

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LEGISLATIVE ADVOCACY: WOMA EMPLOYED A FULL TIME LOBBYIST TO ADVOCATE FOR THE OSTEOPATHIC PROFESSION IN WASHINGTON STATE. WOMA PROVIDED REPRESENTATION TO VARIOUS STATE AND FEDERAL HEALTH PROGRAM ADVISORY GROUPS, INCLUDING THE CMS CARRIER ADVISORY COMMITTEE, BREE COLLABORATIVE, L&I MEDICAL ADVISORY COMMITTEE, ADVISORY COMMITTEE TO THE HEALTH PROFESSIONAL LOAN REPAYMENT AND SCHOLARSHIP COMMITTEE, WASHINGTON STATE PRESCRIPTION MONITORING PROGRAM AND UNINTENTIONAL POISONING WORKGROUP AND THE HEALTHCARE AUTHORITY PHARMACY AND THERAPEUTICS COMMITTEE. WOMA ALSO PARTICIPATED IN MEETINGS OF THE BOARD OF OSTEOPATHIC MEDICINE AND SURGERY CONCERNING RULES PERTAINING TO THE LICENSING, SCOPE OF PRACTICE AND DISCIPLINING OF OSTEOPATHIC PHYSICIANS.MAINTAINED A LIST OF DOS WILLING TO SHADOW/INTERVIEW PRE-MED STUDENTS. ASSISTED SEVERAL PATIENTS BY PHONE SEEKING A REFERRAL TO AN OSTEOPATHIC PHYSICIAN. MAINTAINED AN ON-LINE REFERRAL DIRECTOR, "FIND A DO". PRESENTED THE HISTORY OF OSTEOPATHIC MEDICINE IN WASHINGTON STATE TO MEDICAL STUDENTS AT PNWU AND ATSU-SOMA.

Program 2

ANNUAL CONVENTION: THE NORTHWEST OSTEOPATHIC CME (CONTINUING MEDICAL EDUCATION) CONFERENCE WAS OFFERED AS A JOINT IN-PERSON EVENT AND HELD AUGUST 25-27, 2023, PROVIDING UP TO 18 AOA AND AAFP CREDITS...

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ANNUAL CONVENTION: THE NORTHWEST OSTEOPATHIC CME (CONTINUING MEDICAL EDUCATION) CONFERENCE WAS OFFERED AS A JOINT IN-PERSON EVENT AND HELD AUGUST 25-27, 2023, PROVIDING UP TO 18 AOA AND AAFP CREDITS. FOR THOSE NOT ABLE TO ATTEND THE IN-PERSON EVENT, WOMA OFFERED THE PROGRAM ON-LINE FROM SEPTEMBER 5TH THROUGH DECEMBER 3RD, 2023. THE SESSIONS WERE ALSO MADE AVAILABLE LATER FOR VIEWING ON THE CE-21 PLATFORM.

Program 3

COMMUNICATIONS & ASSISTANCE: UPDATES ENTITLED "NEWS YOU CAN USE" WERE PROVIDED ON AN AS-NEEDED BASIS, PROVIDING INFORMATION ON CONTINUING MEDICAL EDUCATION PROGRAMS, STATE AGENCY INFORMATION, RULES...

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COMMUNICATIONS & ASSISTANCE: UPDATES ENTITLED "NEWS YOU CAN USE" WERE PROVIDED ON AN AS-NEEDED BASIS, PROVIDING INFORMATION ON CONTINUING MEDICAL EDUCATION PROGRAMS, STATE AGENCY INFORMATION, RULES AND REGULATIONS AFFECTING THE PRACTICE OF OSTEOPATHIC MEDICINE AND PRACTICE-RELATED TOPICS AND WERE EMAILED TO MEMBERS AND NON-MEMBERS AND POSTED THIS INFORMATION ON THE WOMA WEBSITE. FORWARDED EMAILS CONTAINING INFORMATION FROM THE DEPARTMENT OF HEALTH AND BOARD OF OSTEOPATHIC MEDICINE AND SURGERY TO MEMBERS AND NON-MEMBERS IN WASHINGTON STATE. UPDATED THE WEBSITE TO A MORE COMPREHENSIVE AND USER-FRIENDLY SITE FOR MEMBER AND NON-MEMBER PHYSICIANS, STUDENTS, PATIENTS, AND THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $175,584
Investment Income $409
Other Revenue $0
TOTAL REVENUE $175,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,851
Fundraising Expenses $0
Other Expenses $59,151
TOTAL EXPENSES $153,002

Year-over-Year Comparison

2023 2022 Change
Revenue $175,993 $152,377 +0.2%
Expenses $153,002 $179,129 -0.1%
Net Income $22,991 $-26,752 -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

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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
6
Independent Members
6
Employees
2
Volunteers
7

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
5
$65,974
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSEANNE ANDERSEN EXECUTIVE DIRECTOR 40.00
Officer
$65,974 $0 $65,974
SCOTT FANNIN PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK BALDWIN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID FARRELL SECRETARY-TREASURER 2.00
Officer Director
$0 $0 $0
DAVID ESCOBAR PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
MONICA HAINES DIRECTOR 2.00
Director
$0 $0 $0
TARA NAIR DIRECTOR 2.00
Director
$0 $0 $0
KIM WADSWORTH DIRECTOR (UNTIL 04/23) 2.00
Director
$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 $175,993 $153,002 $60,131 $22,991
2022 $152,377 $179,129 $44,367 $-26,752
2021 $186,600 $165,982 $61,853 $20,618
2020 $164,576 $165,758 $60,754 $-1,182
2019 $235,946 $226,440 $52,747 $9,506
2018 $250,805 $250,976 $33,809 $-171
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