Connecticut State Medical Society Inc
Nonprofit profile at a glance
- EIN
- 060665164
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- North Haven, CT, USA
- Phone
- 2038650587
- Rating confidence
- Limited
Reported finances
- Revenue
- $943,665
- Expenses
- $815,210
- Assets
- $2,061,117
- Liabilities
- $926,412
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- KHURAM GHUMMAN MD (PRESIDENT)
- MARIAM HAKIM-ZARGAR MD (PRESIDENT ELECT)
- ROBERT MCLEAN MD (VICE PRESIDENT)
- STACY J TAYLOR MD (IMMEDIATE PAST PRESIDENT)
- LAYNE GAKOS (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAYNE GAKOS (EXECUTIVE DIRECTOR): $150,269 total reported compensation
- SUSAN SUCKLEY (FINANCE MANAGER): $63,057 total reported compensation
- STACY J TAYLOR MD (IMMEDIATE PAST PRESIDENT): $20,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To contribute to the diffusion of true science and particularly the knowledge of the healing art, and to unite and support the physicians of ct in promoting the health of its citizens, protecting and promoting the quality of medicine, and supporting the physicians' function as advocates for their patients.
What it reported doing in 2024
Csms is comprised of Connecticut physicians organized for the purpose of promoting the art and science of medicine and the betterment of public health in cooperation with the american medical association, other state medical societies, county medical associations and other various specialty societies. Csms collects dues and fees from its physician members, which are used for the benefit of fulfilling csms' purpose.
Operating model
- Revenue model
- Membership-supported. 70% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 80
- Accountability: 84
- Sustainability: 56
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.6%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.53; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 28.6%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -7.5% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -6.6% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $150K · 12 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.