North Carolina Medical Society

Nonprofit profile at a glance

EIN
560320130
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Raleigh, NC, USA
Phone
9198333836
Rating confidence
Limited

Official website

Reported finances

Revenue
$11,310,691
Expenses
$5,125,516
Assets
$22,868,865
Liabilities
$5,410,357

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

Leadership & pay

22 people listed

Executive titles in this filing

  • EILEEN RAYNOR (MD, PRESIDENT)
  • JOHN J MEIER IV MD (MD, PRESIDENT-ELECT)
  • SHAWN SCOTT (IMMEDIATE PAST CEO)
  • HURSCHELL E BAGGETT JR (CHIEF EXECUTIVE OFFICER)
  • FRANKLIN T WALKER (VICE PRESIDENT PRACTICE SOLUTIONS)
  • LARRY CRAWFORD (VICE PRESIDENT OF FINANCE)

Highest reported compensation

  • HURSCHELL E BAGGETT JR (CHIEF EXECUTIVE OFFICER): $395,866 total reported compensation
  • JOHN THOMPSON (VICE PRESIDENT EXTERNAL AFFAIRS): $201,526 total reported compensation
  • ASHLEY H RODRIGUEZ (CHIEF LEGAL OFFICER): $191,996 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 organize members of the medical profession to advance medical science.

What it reported doing in 2024

The oldest professional organization within the state. The North Carolina medical society (ncms) began in 1849 when 25 physicians united to advance medical science and to raise the standards for their profession. Today, we are more than 10,000 strong and champion the same goals and ideals while representing the interests of physicians and protecting the quality of patient care.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
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: 83
  • Accountability: 91
  • Sustainability: 76
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 0th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.9%; rating input score 77; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 54.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 4.46; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 36.2%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $396K · 22 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $200K reported
  • Consistency: 12 of 14 current checks pass · 2 findings to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 5 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.
  • 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 — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.