Texas Medical Association
- Assets
- $61.9m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 153
- Location
- Austin, TX
- Founding
- 06/1945
- Data as of
- 12/2023
- EIN
- 74-1078510
Organization Overview
Texas Medical Association is located in Austin, TX. The organization was established in 1945. 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 12/2023, Texas Medical Association employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 12/2023, Texas Medical Association generated $28.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $25.8m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Texas Medical Association has awarded 54 individual grants totaling $4,713,124. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING TEXAS PHYSICIANS IN THE PRACTICE OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVISIONS OF ADVOCACY, MEDICAL ECONOMICS, AND COMMUNICATIONS AND THE OFFICE OF THE GENERAL COUNSEL WORK ON STATE AND NATIONAL ADVOCACY ISSUES THAT IMPACT PHYSICIAN VIABILITY AND THEIR PATIENTS' ACCESS TO CARE. THIS INCLUDES EDUCATING MEMBERS ABOUT THE LEGAL, REGULATORY, AND LEGISLATIVE ISSUES IMPACTING THE MEDICAL LANDSCAPE, THEN EMPLOYING STRATEGIC ADVOCACY EFFORTS TO REMOVE BARRIERS SO PHYSICIANS CAN DO WHAT THEY DO BEST - CARE FOR PATIENTS. THIS WORK AFFECTS ALL TEXAS PHYSICIANS.
OFFICE OF THE GENERAL COUNSEL AND DIVISION OF MEDICAL ECONOMICS WORK YEAR-ROUND TO PROTECT PHYSICIAN PRACTICE VIABILITY AND REMOVE EXISTING BARRIERS AFFECTING PHYSICIANS' ABILITY TO CARE FOR PATIENTS. THIS WORK ENTAILS FOUR SUCCESSFUL LAWSUITS AGAINST THE FEDERAL GOVERNMENT AND CONTINUED WORK TO ENSURE REGULATORY RULES PROTECT PHYSICIANS AND PATIENTS.
DIVISIONS OF MEMBERSHIP EXPERIENCE/MARKETING AND COMMUNICATIONS HAVE EMPLOYED NEW DIGITAL MARKETING TACTICS TO RETAIN THE ASSOCIATION'S CURRENT MEMBERSHIP OF 57,820 PHYSICIANS AND MEDICAL STUDENTS, AND TO INCREASE THE ASSOCIATION'S MARKET SHARE BY RECRUITING NEW MEMBERS. NEW INVESTMENTS IN TECHNOLOGY AND SEGMENTED MARKET STRATEGIES HAVE YIELDED RESULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Snyder II MD Pres(23-24)/pres-Elect(22-23) | OfficerTrustee | 13 | $133,333 |
Gary W Floyd MD Pres(22-23)/immed Past Pres(23-24) | OfficerTrustee | 9 | $66,667 |
E Linda Villarreal MD Immed Past Pres(22-23) | OfficerTrustee | 3 | $0 |
G Ray Callas MD Pres-Elect(23-24)/chair (22-23) | OfficerTrustee | 3 | $4,000 |
Michelle A Berger MD Secretary/treasurer(22-23) | OfficerTrustee | 3 | $0 |
Gregory M Fuller MD Secretary/treasurer(23-24) | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rand Construction Corporation Renovation Construction | 12/30/23 | $955,745 |
Mente Sowell Architects Inc Architecture/construction Administration | 12/30/23 | $568,163 |
Freeman Audio Visual Inc Audio Visual Services | 12/30/23 | $263,936 |
Seventh Spectrum Studios Design Services | 12/30/23 | $248,664 |
Professional Janitorial Service Janitorial Services | 12/30/23 | $202,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,223,914 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,873,095 |
| Total Program Service Revenue | $18,386,428 |
| Investment income | $1,449,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,444,965 |
| Net Rental Income | $648,481 |
| Net Gain/Loss on Asset Sales | $3,065,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,604,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,391 |
| Grants and other assistance to domestic individuals. | $38,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,132,847 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,421,309 |
| Pension plan accruals and contributions | $1,352,570 |
| Other employee benefits | $1,180,910 |
| Payroll taxes | $919,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,946 |
| Fees for services: Accounting | $41,461 |
| Fees for services: Lobbying | $443,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,267 |
| Fees for services: Other | $320,240 |
| Advertising and promotion | $38,203 |
| Office expenses | $1,032,106 |
| Information technology | $1,266,889 |
| Royalties | $0 |
| Occupancy | $953,269 |
| Travel | $637,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,642,611 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $893,342 |
| Insurance | $154,303 |
| All other expenses | $0 |
| Total functional expenses | $25,774,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,535 |
| Savings and temporary cash investments | $4,054,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,177,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,366 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,922,185 |
| Net Land, buildings, and equipment | $9,687,358 |
| Investments—publicly traded securities | $40,618,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,919,602 |
| Accounts payable and accrued expenses | $3,428,185 |
| Grants payable | $0 |
| Deferred revenue | $10,561,641 |
| 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 | $6,034,229 |
| Total liabilities | $20,024,055 |
| Net assets without donor restrictions | $41,875,823 |
| Net assets with donor restrictions | $19,724 |
| 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 | $61,919,602 |
Grants Awarded
Over the last fiscal year, Texas Medical Association has awarded $578,081 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS MEDICAL ASSOCIATION FOUNDATION PURPOSE: OPERATING EXPENSE SUPPORT | $230,182 |
TEXAS MEDICAL ASSOCIATION ALLIANCE PURPOSE: OPERATING EXPENSE SUPPORT | $112,195 |
TEXAS MEDICAL ASSOCIATION SPECIAL FUNDS FOUNDATION PURPOSE: PUBLIC HEALTH PROGRAM SUPPORT | $131,662 |
TEXAS MEDICAL ASSOCIATION LIBRARY PURPOSE: OPERATING EXPENSE SUPPORT | $97,042 |
BEXAR COUNTY MEDICAL LIBRARY ASSOCIATION PURPOSE: PUBLIC HEALTH PROGRAM SUPPORT | $7,000 |