Medical Society of the State of New York

Nonprofit profile at a glance

EIN
131030760
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
Westbury, NY, USA
Phone
5164886100
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$6,505,408
Expenses
$6,843,168
Assets
$21,098,069
Liabilities
$2,272,854

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

Leadership & pay

24 people listed

Executive titles in this filing

  • PAUL PIPIA MD (PRESIDENT)

Highest reported compensation

  • TROY OECHSNER (EXECUTIVE VP): $274,085 total reported compensation
  • JEFFREY SELZER (MEDICAL DIRE): $239,085 total reported compensation
  • THOMAS LEE MD (EXECUTIVE VI): $193,519 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 professional development of member physicians, to serve as a resource for its members and assist them in addressing the many issues and needs which they face in providing health care to the residents of New York state.

What it reported doing in 2024

Membership services. This division is responsible for membership development and services, and staff support for sections and special constituencies. Staff are available to work with individual members, county medical societies, hospitals or special groups on memberhsip campaigns. Outreach representatives can make personal visits and give presentations on current issues and on medical socety activities and services designed to help physicians succeed in an increasingly complex environment. The division provides staff support to committees tasked with developing ongoing and innovative approaches to membership development, as well as to the society's committees on the international medical graduates, women physicians, and others. Staffing is also provided for special sections devoted to prganizing and meeting the needs of residents and fellows, young physicians and physicians on organized medical staffs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Accountability: 90
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.9%; rating input score 87
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: Limited

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: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 3.08; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 20%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -1.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 86.9% of revenue deployed · 71.6% of spending went to programs
  • Governance: 19 of 19 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $4.9M in reported program spending
  • Leadership: top reported pay $274K · 24 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.