California Medical Association
- Assets
- $49.1m
- Revenue
- $32.2m
- Investments
- $5.7m
- Employees
- 149
- Location
- Sacramento, CA
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 94-0359340
Organization Overview
California Medical Association is located in Sacramento, CA. The organization was established in 1992. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, California Medical Association employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California 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, California Medical Association generated $32.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $31.9m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOR 168 YEARS STRONG, THE CALIFORNIA MEDICAL ASSOCIATION HAS PURSUED ITS MISSION TO PROMOTE THE SCIENCE AND ART OF MEDICINE, THE PROTECTION OF PUBLIC HEALTH, THE BETTERMENT OF THE MEDICAL PROFESSION, AND TO ACHIEVE HEALTH EQUITY AND JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, A MONUMENTAL VICTORY FOR PHYSICIANS AND PATIENTS ALIKE, THE CALIFORNIA MEDICAL ASSOCIATION ACHIEVED A HISTORIC MILESTONE WITH THE PASSAGE OF BUDGET LEGISLATION THAT PROVIDE THE LARGEST MEDI-CAL RATE INCREASE IN THE STATE'S HISTORY. THIS TRANSFORMATIVE STEP, WHICH WILL MAKE MEANINGFUL STRIDES TOWARD FULFILLING MEDI-CAL'S PROMISE OF ACCESS TO HEALTH CARE FOR MILLIONS OF CALIFORNIANS, WILL BE IMPLEMENTED IN STAGES. THE FIRST STAGE OF MEDI-CAL RATE INCREASES WILL BE IN 2024, WITH GREATER INCREASES IN 2025.
THE CALIFORNIA MEDICAL ASSOCIATION AND THE COALITION TO PROTECT ACCESS TO CARE, A BROAD AND DIVERSE GROUP OF HEALTH CARE ORGANIZATIONS, FILED A STATEWIDE BALLOT INITIATIVE WITH THE CALIFORNIA ATTORNEY GENERAL'S OFFICE TO MAKE PERMANENT THE TRANSFORMATIVE MEDI-CAL RATE INCREASES ESTABLISHED IN THE STATE BUDGET. THE PROTECT ACCESS TO HEALTHCARE ACT IS CRITICAL TO ENSURING THE ACCESSIBILITY AND AFFORDABILITY OF HEALTH CARE SERVICES FOR ALL CALIFORNIANS.
CMA ADVOCACY WAS RESPONSIBLE FOR DEFEATING OR KEEPING SEVERAL PIECES OF LEGISLATION THAT WOULD HAVE BEEN HARMFUL TO PATIENTS FROM MOVING THIS YEAR. ASSEMBLY BILL (AB) 616 WOULD HAVE REQUIRED AUDITED FINANCIAL REPORTS AND STATEMENTS FROM MEDICAL GROUPS TO BE RELEASED TO THE PUBLIC; SENATE BILL (SB) 524 WOULD HAVE ALLOWED RETAIL CHAIN PHARMACISTS TO FURNISH MEDICATIONS TREATING CONDITIONS IDENTIFIED THROUGH CLIA-WAIVED TESTS PERFORMED BY A PHARMACIST; AB 1570 WOULD HAVE ALLOWED OPTOMETRISTS TO PERFORM DELICATE EYE SURGERIES; AND AB 1751 WOULD HAVE FORCED PHYSICIANS TO INFORM PATIENTS ABOUT NONPHARMACOLOGICAL TREATMENTS FOR PAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin E Corcoran Chief Executive Officer, California Medical Assoc. | OfficerTrustee | 35 | $1,227,159 |
Jamie Ostroff Chief Legal Officer And General Counsel | Officer | 35 | $696,128 |
Lance R Lewis Chief Operating Officer | Trustee | 35 | $602,591 |
David T Ford Ceo, Cma Physician Services Inc | Officer | 1 | $399,661 |
Stuart Thompson Senior Vice President, Government Relations | 35 | $388,594 | |
Guadalupe M Diaz Ceo, Physicians Of Healthy California | 1 | $337,212 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
California Majority Group Llc Public Affairs Consulting | 12/30/23 | $264,360 |
Rgs Consulting And Advocacy Llc Legislative Consulting Svcs. | 12/30/23 | $220,276 |
Euclid Technology Llc Assoc. Management Software | 12/30/23 | $135,899 |
Stephanie Roberson Strategies Llc Legislative Consulting Svcs | 12/30/23 | $220,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,971,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,221,633 |
| Total Program Service Revenue | $18,351,514 |
| Investment income | $2,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,750,341 |
| Net Rental Income | $302,834 |
| 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 | $85,149 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,166,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $4,275,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,851,794 |
| Pension plan accruals and contributions | $528,798 |
| Other employee benefits | $2,363,347 |
| Payroll taxes | $843,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,291 |
| Fees for services: Accounting | $62,081 |
| Fees for services: Lobbying | $933,360 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $473,762 |
| Advertising and promotion | $246,489 |
| Office expenses | $890,030 |
| Information technology | $278,135 |
| Royalties | $0 |
| Occupancy | $1,262,020 |
| Travel | $914,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,366,750 |
| Interest | $248,440 |
| Payments to affiliates | $726,620 |
| Depreciation, depletion, and amortization | $490,671 |
| Insurance | $166,203 |
| All other expenses | $497,521 |
| Total functional expenses | $31,898,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,937,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $664,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $16,477 |
| Prepaid expenses and deferred charges | $851,330 |
| Net Land, buildings, and equipment | $2,586,545 |
| Investments—publicly traded securities | $53,196 |
| Investments—other securities | $5,715,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,239,088 |
| Total assets | $49,063,500 |
| Accounts payable and accrued expenses | $6,791,366 |
| Grants payable | $0 |
| Deferred revenue | $9,271,871 |
| 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 | $2,204,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,937,693 |
| Total liabilities | $36,205,501 |
| Net assets without donor restrictions | $12,032,307 |
| Net assets with donor restrictions | $825,692 |
| 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 | $49,063,500 |