Tarrant County Medical Society
- Assets
- $1.6m
- Revenue
- $929.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Fort Worth, TX
- Founding
- 03/1945
- Data as of
- 12/2021
- EIN
- 75-0693870
Organization Overview
Tarrant County Medical Society is located in Fort Worth, 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 12/2021, Tarrant County Medical Society employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarrant 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 12/2021, Tarrant County Medical Society generated $929.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $794.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND ADVANCING THE SCIENCE OF MEDICINE AND EDUCATING ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF A PROFESSIONAL MAGAZINE, "THE PHYSICIAN", THETARRANT COUNTY MEDICAL SOCIETY OFFICIAL DIRECTORY AND ROSTER.
MEMBER SERVICES: INCLUDES EDUCATIONAL PROGRAMS, REFERRALS, ANDDISSEMINATION OF PUBLIC HEALTH INFORMATION
DINNERS & MEDICAL SOCIETY MEETINGS FOR PROFESSIONAL EDUCATIONAND INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Swift Executive Director | Officer | 38 | $255,000 |
Stuart Pickell MD Vice-President | Trustee | 1 | $0 |
Angela Self MD President | Trustee | 1 | $0 |
Shanna Combs MD President-Elect | Trustee | 1 | $0 |
Omar Selod DO Secretary/treasurer | Trustee | 1 | $0 |
Tilden Childs III MD Past President/censor | 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 | $927,702 |
| Investment income | $1,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $929,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,510 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,823 |
| Pension plan accruals and contributions | $11,057 |
| Other employee benefits | $15,525 |
| Payroll taxes | $25,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,911 |
| Advertising and promotion | $200 |
| Office expenses | $61,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,171 |
| Insurance | $4,749 |
| All other expenses | $554 |
| Total functional expenses | $794,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,148 |
| Savings and temporary cash investments | $779,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,998 |
| 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 | $5,119 |
| Net Land, buildings, and equipment | $5,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,551,641 |
| Accounts payable and accrued expenses | $100,642 |
| Grants payable | $0 |
| Deferred revenue | $412,234 |
| 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 | $102,975 |
| Total liabilities | $615,851 |
| Net assets without donor restrictions | $935,790 |
| 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 | $1,551,641 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tarrant County Medical Society has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Paul E Andrews Jr Foundation Fort Worth, TX PURPOSE: TARRANT COUNTY PROJECT ACCESS GRANTS & CONTRIBUTIONS | $50,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Foundation For Medical Care Inc Fort Smith, AR | $38,817,634 | $50,008,157 |
American College Of Emergency Physicians Dallas, TX | $49,367,676 | $34,228,137 |
Texas Medical Association Austin, TX | $65,833,540 | $26,009,481 |
American Society Of Radiologic Technologists Albuquerque, NM | $88,784,741 | $27,111,728 |
Texas Hospital Association Austin, TX | $43,054,266 | $12,318,652 |
American Academy Of Nurse Practitioners National Austin, TX | $57,378,377 | $17,128,839 |
Louisiana Hospital Association Baton Rouge, LA | $30,214,425 | $7,576,001 |
Oklahoma Hospital Association Inc Oklahoma City, OK | $5,881,372 | $5,374,823 |
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 |
Louisiana Nursing Home Association Inc Baton Rouge, LA | $5,391,426 | $2,925,996 |
Rural Hospital Coalition Inc Baton Rouge, LA | $3,209,357 | $1,746,979 |