Overview
What is National Medical Association?
The National Medical Association, situated in Silver Spring, Maryland, is a renowned nonprofit organization. With a team of 19 dedicated individuals, their primary objective is to promote and uphold the science and art of medicine. They achieve this through an annual scientific assembly, which serves as a platform for discussion on current medical science and issues affecting underserved populations. This event brings together 25 medical specialty sections, offering a valuable educational forum for both members and non-members. The Association's mission extends beyond education, as it also advocates for health policies and works towards eliminating health disparities among people of African descent. This commitment to health and wellness, as well as physician viability, is a testament to the National Medical Association's enduring mission.
Official website here: www.nmanet.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 85% (Three-Star out of Four Star rating)
The National Medical Association has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a high accountability score of 85%, the organization demonstrates strong governance practices, including a fully independent board and the absence of material diversion of assets. These factors contribute to a transparent operational framework that is essential for fostering donor trust.
The organization excels in its program expense ratio, allocating 76.56% of its budget directly to programs, which is a positive sign of its commitment to its mission. Additionally, the fundraising efficiency ratio is commendable, with no costs incurred in fundraising, reflecting effective financial management. The working capital ratio of 2.02 years suggests that the organization is well-positioned to meet its short-term obligations without financial strain.
However, while the National Medical Association's strengths in governance and financial management are notable, potential donors should consider the overall impact and effectiveness of its programs. Continued monitoring of program outcomes and community feedback will be essential for understanding the long-term value of their services.
This AI summary has been generated from information found on Charity Navigator.
Is National Medical Association legitimate?
National Medical Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Medical Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $319,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $801,486
For more financial information, click here
Official website here: www.nmanet.org
What is the mission statement of National Medical Association?
The National Medical Association's mission is centered around promoting the field of medicine. More specifically, it aims to advance the art and science of medicine for individuals of African descent. This is accomplished through various means, including education, advocacy, and health policy. The association works towards promoting health and wellness, eliminating health disparities, and ensuring the sustainability of physician viability.
To achieve these goals, the National Medical Association organizes an annual scientific assembly. This event, attended by 25 medical specialty sections, serves as a platform for members and non-members to discuss current medical science and issues affecting underserved populations. The association's activities are geared towards fostering education and advocacy, ultimately contributing to the betterment of healthcare for individuals of African descent.
Official website here: www.nmanet.org
What is the revenue of National Medical Association?
National Medical Association's revenue in 2023 was $9,333,882.
Official website here: www.nmanet.org
Who are the executives of National Medical Association and what are their salaries?
The average compensation at National Medical Association during 2023 was $65,962. There are 17 employees and 27 volunteers at National Medical Association.
Here are 31 key members and their salaries:
- Compensation: $264,681
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- Other: $8,360
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Official website here: www.nmanet.org
Where can I find the form 990 for National Medical Association?
National Medical Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nmanet.org
Learn more at the official website: www.nmanet.org
Mission Statement of National Medical Association
The National Medical Association (NMA) is committed to fostering the field of medicine, with a specific focus on advancing the art and science of medicine for individuals of African descent. Their mission encompasses three key areas: education, advocacy, and health policy. The goal is to promote health and wellness, eliminate health disparities, and ensure the sustainability of physician viability within this community.
To accomplish this mission, the NMA hosts an Annual Scientific Assembly, a platform that brings together twenty-five medical specialty sections. This event serves as a valuable educational forum, allowing both members and non-members to engage in discussions about current medical science and the issues affecting underserved populations. By doing so, the NMA contributes to the ongoing professional development of its members and the broader medical community, ultimately working towards the improvement of healthcare for individuals of African descent.
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Impact
July, 2024
The National Medical Association plays a crucial role in advancing the art and science of medicine for people of African descent. Through education, advocacy, and health policy initiatives, the organization aims to promote health and wellness, eliminate health disparities, and sustain physician viability. One of its key activities is organizing an annual scientific assembly that provides a platform for medical professionals to discuss current medical science and issues affecting underserved populations. By addressing the unique healthcare needs of marginalized communities, the National Medical Association has a significant impact on improving health outcomes and fostering inclusivity in the medical field.
This information is meant to be a general summary of National Medical Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $113,630
- Program Service Revenue: $3,711,749
- Gross Receipts: $10,522,532
Assets and Liabilities:
- Total Assets: $9,907,820
- Total Liabilities: $1,349,304
- Net Assets: $8,558,516
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conventions & Exhibits
Revenue
$2,655,020
Membership Dues
Revenue
$821,777
Publications
Revenue
$234,952
Organization Details
Founding Year
1895
Principal Officer
Garfield A Clunie Md
Website
www.nmanet.orgNTEE Category
Code: E030 - Health
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