American Medical Association Foundation
Nonprofit profile at a glance
- EIN
- 366080517
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 3124644543
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,064,034
- Expenses
- $6,175,479
- Assets
- $25,674,194
- Liabilities
- $659,440
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- VIRGINIA SPITZER (EXECUTIVE DIRECTOR)
- Mary Beth Ellison (President)
- Albert Ray MD FAAFP (Immediate Past President)
- Jeremy Lazarus MD (President-Elect)
Highest reported compensation
- VIRGINIA SPITZER (EXECUTIVE DIRECTOR): $273,899 total reported compensation
- SANDRA SMITH (DEPUTY DIRECTOR): $203,918 total reported compensation
- CARIE LOVSTAD (SENIOR DEVELOPMENT OFFICER): $129,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ama foundation brings together physicians and communities to improve our nation's health.
What it reported doing in 2024
Medical scholarships - physicians of tomorrow provides scholarship funding to academically outstanding medical students with a financial need who are already demonstrating a commitment to public health. The underrepresented in medicine scholarships are specifically awarded to medical students who meet the above criteria and are also from racial/ethnic/cultural groups under-represented in the practicing physician population - promoting diversity, health equity and the delivery of culturally competent care. These students often choose to serve at-risk minority and socio-economically disadvantaged patient populations. The joan f. Giambalvo fund for the advancement of women supports research advancing the study of women in the medical profession and strengthening the ama's ability to identify and address the issues affecting women in the medical profession. The scholarship was established by the women physicians section (wps) in conjunction with the ama foundation. To date, 25 research awards have been granted.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 60%; rating input score 60
- Fundraising efficiency: $1.98 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -101.5%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 4.16; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 60% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $3.7M in reported program spending
- Leadership: top reported pay $274K · 23 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $3.3M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.