Oklahoma County Medical Society
- Assets
- $499.7k
- Revenue
- $254.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Oklahoma City, OK
- Founding
- 01/1943
- Data as of
- 12/2023
- EIN
- 73-0381790
Organization Overview
Oklahoma County Medical Society is located in Oklahoma City, OK. The organization was established in 1943. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Oklahoma County Medical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma County Medical Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Oklahoma County Medical Society generated $254.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $304.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE MEDICAL SCIENCE IN OKLAHOMA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIATED A LEADERSHIP ACADEMY, THE PURPOSE OF WHICH IS TO ORIENT AND TRAIN OCMS MEMBERS FOR FUTURE LEADERSHIP POSITIONS AT COUNTY, STATE, AND NATIONAL LEVELS. THE ACADEMY INCLUDED INSTRUCTION IN FINANCES, BUSINESS PARTNERSHIPS, POLITICAL PROCESSES, MEDIA RELATIONS, PUBLIC SPEAKING, BOARD LEADERSHIP, PARLIAMENTARY PROCEDURE, BUSINESS COMMUNITY INVOLVEMENT, CULTURAL COMMUNITY INVOLVEMENT AND ORGANIZED MEDICINE. CO-SPONSORED THE OPEN ARMS FREE CLINIC WHICH PROVIDES HEALTH CAREFOR UNINSURED RESIDENTS OF OKLAHOMA COUNTY. THE SOCIETY ISRESPONSIBLE FOR PROVIDING PRIMARY CARE PHYSICIANS TO STAFF THECLINIC AND SPECIALTY PHYSICIANS IN THE EVENT THE PATIENTSMEDICAL CONDITION CANNOT BE TREATED AT THE CLINIC. STAFF MEMBERSOF THE SOCIETY ALSO VOLUNTEER EACH EVENING THE CLINIC IS OPENTO THE PUBLIC. ACTED AS LIAISON FOR THE VOLUNTARY COMMUNITY-WIDE ON-CALL SYSTEM.THIS SYSTEM COORDINATES THE EMERGENCY SERVICES IN THE COUNTY TOMAXIMIZE THE EFFECTIVENESS AND EFFICIENCY OF THE SERVICES OF ALLOF THE PARTICIPATING TRAUMA CENTERS, RESULTING IN VASTLY IMPROVEDEMERGENCY MEDICAL SERVICES FOR RESIDENTS OF OKLAHOMA COUNTY. COORDINATED ACTIVITIES TO IMPROVE HEALTH CARE, PROVIDE STAFFING, AND IMPROVE AVAILABILITY OF MEDICAL SUPPLIES AT FREE AND LOW COST CLINICS SERVING THOSE WITHOUT ALTERNATIVE ACCESS TO HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Fink Exec Director | Officer | 40 | $80,800 |
Randal Juengel Director | Trustee | 1 | $0 |
Latisha Heinlein Director | Trustee | 1 | $0 |
T Craig Kupiec Director | Trustee | 1 | $0 |
Brett R Haymore Director | Trustee | 1 | $0 |
Irim Yasin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,982 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,982 |
| Total Program Service Revenue | $52,640 |
| Investment income | $12,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,800 |
| Compensation of current officers, directors, key employees. | $48,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,412 |
| Pension plan accruals and contributions | $13,501 |
| Other employee benefits | $8,870 |
| Payroll taxes | $10,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,306 |
| Information technology | $11,955 |
| Royalties | $0 |
| Occupancy | $30,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,399 |
| Total functional expenses | $304,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,797 |
| Savings and temporary cash investments | $4,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $446,865 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $499,705 |
| Accounts payable and accrued expenses | $52,968 |
| Grants payable | $0 |
| Deferred revenue | $54,783 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $107,751 |
| Net assets without donor restrictions | $391,954 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $499,705 |