CALIFORNIA MEDICAL ASSOCIATION

EIN: 940359340

Sacramento, CA

Total Revenue
$44,495,393
Total Expenses
$43,012,544
Total Assets
$45,844,907
Net Assets
$6,334,027
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1856
Legal Domicile
CA
Principal Officer
Lance R Lewis
Phone
9164445532
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

For 169 years strong, the California Medical Association has pursued its mission to promote the science and art of medicine, the protection of public health, the betterment of the medical profession, and to achieve health equity and justice.

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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 $17,259,662
Program Service Revenue $18,433,347
Investment Income $28,023
Other Revenue $8,774,361
TOTAL REVENUE $44,495,393

Expense Breakdown

Grants Paid $10,826,311
Salaries & Benefits $22,365,762
Fundraising Expenses $0
Program Expenses $0
Other Expenses $9,820,471
TOTAL EXPENSES $43,012,544

Year-over-Year Comparison

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%
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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Governance

Voting Members
50
Independent Members
42
Employees
135
Volunteers
110

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
10
$2,827,475
Total Directors
50
$2,091,902
Key Employees
5
$1,952,309
Highest Compensated
5
reported
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
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 $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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