Overview
What is Texas Medical Association Foundation?
The Texas Medical Association Foundation is a nonprofit organization that focuses on enhancing public health, medical, and educational programs. Through its initiatives, it aims to contribute significantly to these sectors, providing resources and support to various communities. The foundation's mission is centered around improving public health and medical care, as well as providing educational opportunities. This nonprofit organization plays an essential role in promoting well-being and knowledge in the community.
Official website here: wwww.texmed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
The Texas Medical Association Foundation has received a solid rating of 82%, indicating a generally strong performance in accountability and finance. This rating is derived from an analysis that focuses solely on financial metrics, where the organization scored particularly well in areas such as having a fully independent board and strong oversight on financial statements. The absence of any material diversion of assets further reflects its commitment to financial integrity.
Strengths highlighted in the evaluation include a well-structured board with 100% independent members and a comprehensive set of policies, including conflict of interest and whistleblower policies. These factors contribute to a transparent governance structure, which is crucial for maintaining stakeholder trust. The organization also demonstrated effective management of its financial liabilities, with a low liabilities to assets ratio, showcasing its fiscal responsibility.
However, the program expense ratio is noted at 58.52%, which suggests that a considerable portion of the organization's expenditures may not be directly tied to its programs. This could indicate potential areas for improvement in maximizing the impact of its funding towards mission-driven activities. Overall, while the Texas Medical Association Foundation shows strong governance and financial accountability, there is room for enhancing programmatic effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Medical Association Foundation legitimate?
Texas Medical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Medical Association Foundation 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: $173,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,611
For more financial information, click here
Official website here: wwww.texmed.org
What is the mission statement of Texas Medical Association Foundation?
The Texas Medical Association Foundation's mission is centered around supporting public health, medical, and educational programs. In essence, the foundation plays a significant role in contributing to various initiatives aimed at enhancing public health, medical advancements, and educational opportunities. It is committed to providing resources and facilitating programs that cater to these sectors, thereby promoting overall well-being and knowledge expansion.
Official website here: wwww.texmed.org
Who is the CEO of Texas Medical Association Foundation?
Lisa Stark Walsh is the Executive Director of Texas Medical Association Foundation.
Official website here: wwww.texmed.org
What is the revenue of Texas Medical Association Foundation?
Texas Medical Association Foundation's revenue in 2022 was $1,314,959.
Official website here: wwww.texmed.org
Who are the executives of Texas Medical Association Foundation and what are their salaries?
There 100 volunteers at Texas Medical Association Foundation.
Here are 23 key members and their salaries:
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- Compensation: $136,740
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- Other: $36,807
Official website here: wwww.texmed.org
Where can I find the form 990 for Texas Medical Association Foundation?
Texas Medical Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: wwww.texmed.org
Learn more at the official website: wwww.texmed.org
Mission Statement of Texas Medical Association Foundation
The Texas Medical Association Foundation is dedicated to advancing public health, medical, and educational initiatives. In line with this mission, the foundation actively engages in various programs designed to contribute positively to these sectors. By providing for public health programs, the foundation aims to promote overall well-being and prevent diseases within communities. Furthermore, the medical aspect of their mission involves supporting medical initiatives that enhance patient care and improve healthcare delivery systems. Lastly, the foundation's commitment to education extends beyond medical education, encompassing programs that foster lifelong learning and professional development.
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Impact
July, 2024
The Texas Medical Association Foundation's impact can be seen in its provision for public health, medical, and educational programs. Its activities directly contribute to community improvement by supporting initiatives that benefit the public in these key areas. Through its work, the foundation plays a significant role in enhancing public health, promoting medical advancements, and fostering educational opportunities in Texas.
This information is meant to be a general summary of Texas Medical Association Foundation. 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 2022.
- Investment Income: $377,395
- Gross Receipts: $3,000,884
Assets and Liabilities:
- Total Assets: $14,038,201
- Total Liabilities: $346,794
- Net Assets: $13,691,407
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Organization Details
Founding Year
1966
Phone
(512) 370-1664Principal Officer
Lisa Stark Walsh
Main Address
401 WEST 15TH STREET, AUSTIN, TX, 787011680
Website
wwww.texmed.orgNTEE Category
Code: S12 - Community improvement
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