Philippine Medical Association Metropolitan Washington DC Inc
Nonprofit profile at a glance
- EIN
- 320226431
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Potomac, MD, USA
- Phone
- 7034311314
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $71,141
- Expenses
- $59,661
- Assets
- $62,211
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Nelson Bernardo MD (President)
- Cristina Natalia P Policarpio MD (Vice President)
People named in this filing
- Nelson Bernardo MD (President)
- Cristina Natalia P Policarpio MD (Vice President)
- Klu C Desczlzo CRNP CNS (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the art of science and medicine in the common interest of its members, and the public, and to foster interest of it members and the public, and to foster professional, ethical, and friendly relations among its members.To render and provide free medical care to indigent people.To Support and stimulate the medical research of common diseases of Asian AmericansTo help support the Philippine Medical Foundation which is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code.And to contribute to organizatons that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code.
What it reported doing in 2024
The Organization Hosts an Annual Gala to foster networking and comradarie amongst the Medical Profession as well as to provide Continuing Medical Education for Physicians and other medical professionals that is absolutely essential to improving the Medical Profession and Sciences of Healing.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 61
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.9%; rating input score 84
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 16.1%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.04; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 83.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $60K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.