Sacramento, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CALIFORNIA MEDICAL ASSOCIATION, founded in 1856, is a mid-sized nonprofit that reported $44.5M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $43.0M left a modest 3% surplus.
The California Medical Association, Inc. (CMA) is a voluntary, not-for-profit mutual benefit corporation which promotes the science and art of medicine, the protection of public health, the betterment of the medical profession, and to achieve health equity and justice. CMA serves its members through a comprehensive program of legislative, legal, regulatory, economic and social advocacy and member benefit programs. The value proposition of the organization emphasizes empowering physicians to lead the transformation of the health care system.
In 2024, CMA won at the ballot box by securing passage of Proposition 35, a historic investment in Medi-Cal that provides the first across-the-board rate increase for physicians and dedicates funding...
In 2024, CMA won at the ballot box by securing passage of Proposition 35, a historic investment in Medi-Cal that provides the first across-the-board rate increase for physicians and dedicates funding to improve access to care for the millions of seniors, children, low-income families and people with disabilities in our state. Passage of Proposition 1 expanded funding for mental heath and addiction treatment, including investments in the health care workforce. In addition, many physicians were protected from huge tax and fee increases by defeating Measure C in Sacramento.
In 2024, CMA focused on codifying physician priorities with more than 115 supported bills signed into law. The organization also stopped 24 opposed bills and 23 problematic ones in the Legislature...
In 2024, CMA focused on codifying physician priorities with more than 115 supported bills signed into law. The organization also stopped 24 opposed bills and 23 problematic ones in the Legislature. Key victories included legislation to: ensure artificial intelligence does not take the place of physicians; provide new tools for health care workers assisting victims of domestic violence and human trafficking; reduce mental health stigma for physicians through changes to the medical board's licensure application; and create parity in penalties for violence against healthcare workers in emergency departments.
CMA supported physician practices during a devasting cyberattack that resulted in nationwide outages that threatened the viability of physician practices. CMA successfully advocated for advance...
CMA supported physician practices during a devasting cyberattack that resulted in nationwide outages that threatened the viability of physician practices. CMA successfully advocated for advance payments and interest-free financial resources to keep practice doors open. Additionally, CMA stepped in to stop a Blue Shield modifier 25 policy that would have significantly reduced reimbursement for Evaluation and Management services and created a disincentive for physicians to provide efficient care for unscheduled services. CMA filed a lawsuit against the Department of Managed Health Care for failing to enforce California's prompt payment regulations in implementing SB 510, which resulted in significant delays and reductions in reimbursements.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $44,495,393 | $32,166,268 | +0.4% |
| Expenses | $43,012,544 | $31,898,458 | +0.3% |
| Net Income | $1,482,849 | $267,810 | +4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dustin E Corcoran | Chief Executive Officer, California Medical Assoc. | 35 |
Officer
Director
|
$1,484,137 | $105,566 | $1,589,703 |
| Jamie Ostroff | Chief Legal Officer and General Counsel | 35 |
Key Emp
|
$724,851 | $47,521 | $772,372 |
| Lance R Lewis | Chief Operating Officer | 35 |
Officer
|
$633,954 | $101,619 | $735,573 |
| Stuart Thompson | Senior Vice President, Government Relations | 35 |
Highest
|
$414,988 | $71,851 | $486,839 |
| David T Ford | CEO, CMA Physician Services Inc | 1 |
Highest
|
$422,457 | $49,238 | $471,695 |
| Janice Rocco | Chief of Staff | 35 |
Highest
|
$378,340 | $45,477 | $423,817 |
| Jesse Martin | Chief Strategy Officer, CMA Physician Service Inc. | 0 |
Highest
|
$359,331 | $49,277 | $408,608 |
| Guadalupe M Diaz | CEO, Physicians of Healthy California | 1 |
Highest
|
$347,835 | $54,381 | $402,216 |
| Sierra Alecia Sanchez | Chief Strategy Officer | 35 |
Key Emp
|
$307,749 | $46,919 | $354,668 |
| Michael Steenburgh | VP of Mbrshp Marketing and Component Relations | 35 |
Key Emp
|
$273,131 | $42,657 | $315,788 |
| Michelle Chapanian | Vice President, Governance | 35 |
Key Emp
|
$216,843 | $51,895 | $268,738 |
| Elizabeth McNeil | Vice President, Federal Government Relations | 35 |
Key Emp
|
$204,573 | $36,170 | $240,743 |
| Tanya W Spirtos MD | Immediate Past President through Oct 2025 | 1 |
Officer
Director
|
$136,570 | $0 | $136,570 |
| Shannon Udovic-Constant MD | President | 1 |
Officer
Director
|
$115,917 | $0 | $115,917 |
| Donaldo Hernandez MD | Immediate Past President through Oct 2024 | 1 |
Officer
Director
|
$75,567 | $0 | $75,567 |
| Sergio R Flores MD | Chair, Board of Trustees | 1 |
Officer
Director
|
$57,400 | $0 | $57,400 |
| George Fouras MD | Vice-Speaker, House of Del of Delegates | 1 |
Officer
Director
|
$57,300 | $0 | $57,300 |
| Eric Hansen DO | Vice-Chair, Board of Trustees | 1 |
Officer
Director
|
$41,700 | $0 | $41,700 |
| Rene Bravo MD | President-Elect | 1 |
Officer
Director
|
$17,745 | $0 | $17,745 |
| Jack Chou MD | Speaker, House of Delegates | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Adam Dougherty MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Alex McDonald MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Brad Drexler MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Ciara Harraher MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Damodara Rajasekhar MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| David Friscia MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Deena Shin McRae MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Diana R Shiba MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Edmon Soliman MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Gloria Wu MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Holly Yang MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| James Washington III MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Janet Jacobson MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jason Cord MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jeffrey Klingman MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jennifer Hone MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Jerry Abraham MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Justin Chang | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| K Michael Conroy MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Katrina Peters MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Katrina Saba MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Kim Newell-Green MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Maisha Draves MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Man Kit Leung MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Margaret Parsons MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Marti F Baum MD | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Michele Evans MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Nidhi Reddy | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Rachel Ekaireb MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Ramin Manshadi MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Randal Pham MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Ranjit S Rajpal MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Resa Caivano MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Robert Oldham MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Seema Sidhu MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Suparna Dutta MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Terence Lin MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Timothy Murphy MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Vanessa Walker DO | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Vincent Mason MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| William Tseng MD | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $44,495,393 | $43,012,544 | $45,844,907 | $1,482,849 |
| 2023 | $32,166,268 | $31,898,458 | $49,063,500 | $267,810 |
| 2022 | $26,885,515 | $33,146,365 | $43,681,557 | $-6,260,850 |
| 2021 | $29,620,580 | $25,505,541 | $44,616,043 | $4,115,039 |
| 2020 | $26,336,744 | $23,747,988 | $35,200,012 | $2,588,756 |
| 2019 | $24,863,276 | $22,219,441 | $31,436,889 | $2,643,835 |
| 2018 | $18,354,720 | $17,461,884 | $29,511,241 | $892,836 |
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