Florida Osteopathic Medical Association

Nonprofit profile at a glance

EIN
590730737
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Tallahassee, FL, USA
Phone
8508787364
Rating
54
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$3,451,640
Expenses
$2,566,138
Assets
$12,571,226
Liabilities
$-5,965

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHAEL MARKOU (PRESIDENT)
  • BRUCE RANKIN (PRESIDENT EL)

People named in this filing

  • MICHAEL MARKOU (PRESIDENT)
  • JEFFREY NELSON (SECOND VICE)
  • BRUCE RANKIN (PRESIDENT EL)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The objectives of the association are to advance the science and art of osteopathic medicine and surgery, and to extend improved healthcare and beneifits of scientific advancement in the treatment, prevention, and allevitation of human ailments to the pubic in the state of Florida.

What it reported doing in 2024

The primary achievement of the convention was providing quality continuing medical education by introducing current trends in the diagnosis and treatment of various pathlogical processes and other issues pertaining to the practice of osteopathic medicine, as well as providing attendees opportunities for networking medical, business, and social issues concerning the practice of osteopathic medicine.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 14
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 74
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.1%; rating input score 13
  • Program expense ratio: 21.1%; rating input score 21
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.7%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 4.9; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -21.6% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 13.1% of revenue deployed · 21.1% of spending went to programs
  • Governance: 54 of 54 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $542K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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: Mission deployment rate scored 13/100.
  • High — Financial Efficiency: Program expense ratio scored 21/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.