Society of Hospital Medicine

Nonprofit profile at a glance

EIN
233057353
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2153517754
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$17,299,608
Expenses
$14,875,342
Assets
$25,594,220
Liabilities
$6,918,816

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

Leadership & pay

21 people listed

Executive titles in this filing

  • FLORA KISUULE (IMMEDIATE PAST PRESIDENT)
  • CHAD T WHELAN (PRESIDENT)
  • EFREN MANJARREZ (PRESIDENT-ELECT)
  • ERIC E HOWELL (CHIEF EXECUTIVE OFFICER)
  • TARA WATSON (SENIOR VICE PRESIDENT)

Highest reported compensation

  • ERIC E HOWELL (CHIEF EXECUTIVE OFFICER): $900,332 total reported compensation
  • JOSH BOSWELL (CHIEF LEGAL OFFICER): $260,966 total reported compensation
  • JENNA GOLDSTEIN (CHIEF OF STRATEGIC PARTNERSHIPS): $259,623 total reported compensation

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

Overview

Mission

The society of hospital medicine is dedicated to promoting the highest quality care for all hospitalized patients. Shm is committed to promoting excellence in the practice of hospital medicine through education, advocacy and research.

What it reported doing in 2024

Membershipthe society of hospital medicine (shm) is the professional home of hospitalists dedicated to exceptional and equitable care for acutely ill patients. As the home for hospitalists, shm activates and engages our community to advocate for our specialty, our members, and the diverse patients we serve; promotes high-value care and optimal outcomes for acutely ill patients; meets the evolving educational needs of a dynamic specialty; cultivates an inclusive community for hospitalists and supports career growth and wellbeing; and advances the research and innovation of healthcare delivery, quality, safety, and experience across the care continuum.members receive a range of exclusive benefits including, but not limited to: subscriptions to the hospitalist and the journal of hospital medicine (published monthly); membership in a local chapter; access to special interest groups; and a portfolio of digital resources including the learning portal and clinical content on quality improvement.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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 - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 79
  • Accountability: 84
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55%; rating input score 55
  • Program expense ratio: 63.3%; rating input score 63
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 72.7%; rating input score 73; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.72; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 55% of revenue deployed · 63.3% of spending went to programs
  • Governance: 8 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $9.4M in reported program spending
  • Leadership: top reported pay $900K · 21 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $177K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 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.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.