Southern Management Association

Nonprofit profile at a glance

EIN
581295483
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lakewood Ranch, FL, USA
Phone
2053319900
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$1,149,174
Expenses
$1,093,826
Assets
$4,634,081
Liabilities
$48,324

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

Leadership & pay

25 people listed

Executive titles in this filing

  • Timothy Munyon (President)
  • Scott Geiger (President Elect)
  • Paul Johnson (Vice President and Program Chair)
  • James Vardaman (Vice President Elect and Program Chair Elect)
  • Rachel Frieder (Past President)
  • K Michele Kacmar (Executive Director)

Highest reported compensation

  • Cynthia Devers (Journal of Management Editor): $41,500 total reported compensation
  • K Michele Kacmar (Executive Director): $35,000 total reported compensation
  • Cindy Raborn (Conference Coordinator): $31,000 total reported compensation

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

Overview

Mission

Professional Development & Academic Scholarship. We create value to society and members through professional development and high impact scholarship programs.

What it reported doing in 2024

Journal of Management (JOM) & Journal of Management Scientific Reports (JOMSR) SMA in conjunction with SAGE Publications produces the internationally recognized JOM Journal of Management. In 2023 SMA launched JOMSR. JOM is publishes 6-8 issues per year while JOMSR publishes 3-4 issues per year. The Journal of Management highlights outstanding theoretical and empirical research contributions to the field of management and includes a yearly review of management and is provided to all members of SMA.

Operating model

Revenue model
Earned-program. 72% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 100
  • Accountability: 68
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.1%; rating input score 72
  • Program expense ratio: 87.5%; rating input score 87
  • 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: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.8%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 4.24; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 72.1% of revenue deployed · 87.5% of spending went to programs
  • Governance: 17 of 17 board members independent · 2 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $957K in reported program spending
  • Leadership: top reported pay $42K · 25 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 — Accountability: Governance controls: 6 of 8 not reported.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.