Texas Osteopathic Medical Assoc
- Assets
- $2.9m
- Revenue
- $369.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 08/1947
- Data as of
- 12/2022
- EIN
- 75-0602145
Organization Overview
Texas Osteopathic Medical Assoc is located in Austin, TX. The organization was established in 1947. 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 12/2022, Texas Osteopathic Medical Assoc employed 3 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Texas Osteopathic Medical Assoc 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 12/2022, Texas Osteopathic Medical Assoc generated $369.2k 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 (5.1%) each year. All expenses for the organization totaled $424.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH CARE EXCELLENCE FOR THE PEOPLE OF TEXAS,THE PHILOSOPHY AND PRINCIPLES OF OSTEOPATHIC MEDICINE, AND LOYALLY EMBRACE THE FAMILY OF THE OSTEOPATHIC PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOMA HAS A MIDWINTER CONFERENCE HELD EACH YEAR IN LATE JANUARY OR EARLY FEBRUARY IN THE DALLAS/FT. WORTH AREA. FOCUSED ON CONTINUING MEDICAL EDUCATION WITH 300 PARTICIPANTS AND AN EXHIBIT HALL WITH RELATED VENDORS.
MEMBERSHIP DIRECTORY IS PUBLISHED AND IS AVAILABLE ONLINE TO ALL MEMBERS AND UPON REQUEST. CONTENTS INCLUDE MEMBER CONTACT INFORMATION, OFFICERS, STAFF, COMMITTEES, BYLAWS, CONSTITUTION, CODE OF ETHICS, MISSION STATEMENTS AND RESOLUTIONS.
ANNUAL CONFERENCE IS A 4 DAY MEETING WITH CONTINUING MEDICAL EDUCATION AND EXHIBIT HALL, STRUCTURED FOR FAMILIES AND NETWORKING. BOARD MEMBERS AND PRESIDENT TAKE OFFICE AT THE MEETING.
TEXAS D.O. MAGAZINE IS THE OFFICIAL PUBLICATION OF TOMA AND IS SENT TO ALL MEMBERS AND INTEREST PARTIES. CONTENT INCLUDES NEWS ITEMS OF INTEREST TO OSTEOPATHIC PHYSICIANS, CLINICAL SUBMISSIONS, AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katarina Lindley DO President | OfficerTrustee | 1 | $0 |
Damon Schranz DO President-Elect | OfficerTrustee | 1 | $0 |
Heather Aguirre DO Past President | OfficerTrustee | 1 | $0 |
Monte Mitchell DO Vice President | OfficerTrustee | 1 | $0 |
Valerie Deluca DO Trustee | Trustee | 1 | $0 |
Victoria Chang DO Trustee | Trustee | 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 | $359,986 |
| Investment income | $59,443 |
| Tax Exempt Bond Proceeds | $14,059 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $131,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,621 |
| Pension plan accruals and contributions | $788 |
| Other employee benefits | $0 |
| Payroll taxes | $19,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $488 |
| Fees for services: Accounting | $16,572 |
| Fees for services: Lobbying | $5,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,086 |
| Advertising and promotion | $3,670 |
| Office expenses | $42,739 |
| Information technology | $22,941 |
| Royalties | $36,274 |
| Occupancy | $8,232 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$15,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,416 |
| All other expenses | $0 |
| Total functional expenses | $424,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,502 |
| Savings and temporary cash investments | $234,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,131 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,316,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,850,520 |
| Accounts payable and accrued expenses | $12,948 |
| Grants payable | $0 |
| Deferred revenue | $178,215 |
| 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 | $191,163 |
| Net assets without donor restrictions | $2,659,357 |
| 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 | $2,850,520 |