Oklahoma State Medical Association
- Assets
- $139.8m
- Revenue
- $10.1m
- Investments
- $200.0k
- Employees
- 16
- Location
- Oklahoma City, OK
- Founding
- 07/1947
- Data as of
- 12/2021
- EIN
- 73-0384245
Organization Overview
Oklahoma State Medical Association is located in Oklahoma City, OK. The organization was established in 1947. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Oklahoma State Medical Association employed 16 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Oklahoma State Medical Association 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 12/2021, Oklahoma State Medical Association generated $10.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OSMA'S VISION IS TO BE THE LEADING VOICE IN HEALTH CARE FOR OKLAHOMA'S PATIENTS, FAMILIES AND PHYSICIANS. OSMA'S MISSION IS BETTER HEALTH FOR OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES: OSMA WILL SERVE OKLAHOMA THROUGH COLLABORATION, COOPERATION AND COMMUNICATION AMONG PHYSICIANS AND STRATEGIC PARTERS. OSMA WILL PROMOTE QUALITY HEALTH CARE FOR ALL OKLAHOMANS. OSMA WILL BE A LEADING RESOURCE FOR CONTINUING MEDICAL EDUCATION FOR PHYSICIANS. OSMA WILL BE THE LEADING RESOURCE FOR HEALTH CARE POLICY. OSMA WILL BA A QUALITY RESOURCE OF HEALTH EDUCATION FOR PATIENTS. OSMA WILL PROMOTE PROFESSIONAL DEVELOPMENT THROUGHOUT THE CAREER CONTINUUM. OSMA WILL PROMOTE PHYSICIAN WELL-BEING AND RESILIENCE. OSMA WILL PROMOTE STRATEGY FOR ORGANIZATIONAL SUSTAINABILITY.
LEGISLATIVE: OSMA HAS A MEDICINE DAY AT THE STATE CAPITOL WHERE PHYSICIANS INTERACT WITH STATE LEGISLATORS. BILLS ARE EXAMINED THROUGH THE LEGISLATIVE PROCESS TO SEE CAUSE AND EFFECT OF THOSE BILLS. OSMA ADVICES THE LOBBYIST GROUPS ON HEALTH CARE ISSUES AND WHETHER TO SUPPORT OR NOT TO SUPPORT.
PUBLIC HEALTH ADVOCACY: OSMA SUPPORTS PROGRAMS SUCH AS COUNCIL ON PUBLIC AND MENTAL HEALTH AND PHYSICIANS CAMPAIGN FOR A HEALTHIER OKLAHOMA.
PUBLICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley D Glinsmann Executive Di | Officer | 40 | $199,043 |
Mary Clarke President | OfficerTrustee | 2 | $20,000 |
George W Monks Immediate Pa | OfficerTrustee | 2 | $8,100 |
David Holden President El | OfficerTrustee | 2 | $8,000 |
Geoffrey Chow Vice Speaker | OfficerTrustee | 1 | $0 |
Julie Strebel Hager Speaker | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $663,383 |
| Investment income | $2,553,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,625 |
| Net Gain/Loss on Asset Sales | $6,748,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,140,450 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,145,196 |
| Pension plan accruals and contributions | $63,993 |
| Other employee benefits | $90,530 |
| Payroll taxes | $88,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $301,159 |
| Fees for services: Accounting | $33,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $169,297 |
| Office expenses | $84,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,675 |
| Travel | $18,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,082 |
| Insurance | $41,218 |
| All other expenses | $233,183 |
| Total functional expenses | $3,502,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,961 |
| Savings and temporary cash investments | $613,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,737 |
| 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 | $100,473 |
| Net Land, buildings, and equipment | $2,746,294 |
| Investments—publicly traded securities | $135,874,026 |
| Investments—other securities | $200,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,825,404 |
| Accounts payable and accrued expenses | $154,699 |
| Grants payable | $0 |
| Deferred revenue | $236,061 |
| 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 | $390,760 |
| Net assets without donor restrictions | $139,413,166 |
| Net assets with donor restrictions | $21,478 |
| 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 | $139,825,404 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Oklahoma State Medical Association has recieved totaling $270,000.
| Awarding Organization | Amount |
|---|---|
Telligen Community Initiative West Des Moines, IA PURPOSE: OKLAHOMA STATE MEDICAL ASSOCIATION, LAUREATE INSTITUTE FOR BRAIN RESEARCH, AND UNIVERSITY OF TULSA ARE COLLABORATING AROUND THE DEVELOPMENT A TOOLBOX FOR HEALTH CARE WORKER WELL-BEING DURING COVID-19 PANDEMIC | $90,000 |
Telligen Community Initiative West Des Moines, IA PURPOSE: OKLAHOMA STATE MEDICAL ASSOCIATION, LAUREATE INSTITUTE FOR BRAIN RESEARCH, AND UNIVERSITY OF TULSA ARE COLLABORATING AROUND THE DEVELOPMENT A TOOLBOX FOR HEALTH CARE WORKER WELL-BEING DURING COVID-19 PANDEMIC | $90,000 |
Telligen Community Initiative West Des Moines, IA PURPOSE: OKLAHOMA STATE MEDICAL ASSOCIATION, LAUREATE INSTITUTE FOR BRAIN RESEARCH, AND UNIVERSITY OF TULSA ARE COLLABORATING AROUND THE DEVELOPMENT A TOOLBOX FOR HEALTH CARE WORKER WELL-BEING DURING COVID-19 PANDEMIC | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Texas Hospital Association Austin, TX | $43,054,266 | $12,318,652 |
Colorado Hospital Association Greenwood Village, CO | $13,190,689 | $7,968,558 |
American Academy Of Nurse Practitioners National Austin, TX | $57,378,377 | $17,128,839 |
American College Of Clinical Pharmacy Lenexa, KS | $17,709,433 | $7,095,671 |
Oklahoma Hospital Association Inc Oklahoma City, OK | $5,881,372 | $5,374,823 |
National Rural Health Association Kansas City, MO | $2,342,243 | $5,213,678 |
American Academy Of Family Physicians Leawood, KS | $30,784,453 | $4,820,829 |
Oklahoma State Medical Association Oklahoma City, OK | $139,825,404 | $10,140,450 |
American Academy Of Family Physicians Austin, TX | $11,091,326 | $3,771,069 |
Missouri Health Care Association Jefferson City, MO | $5,571,010 | $3,081,919 |
Medical Affairs Professional Society Golden, CO | $389,928 | $2,256,940 |