Western Carolina Medical Society Association

Nonprofit profile at a glance

EIN
561714480
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
Asheville, NC, USA
Phone
8282742267
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$230,969
Expenses
$175,409
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Miriam Schwarz CEO (Executive Director (See Note))
  • Richard Bunio MD (President)

Highest reported compensation

  • Miriam Schwarz CEO (Executive Director (See Note)): $129,326 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Western Carolina Medical Society Association is the physicians' voice advocating for the health of the medical profession, the health of the patient, and the health of the community. As of December 31, 2020, the Association merged into the Western Carolina Medical Society Foundation.

What it reported doing in 2020

- Continued to enhance the Healthy Healer Program with new resources and additional therapists. - Published WCMS' statement on Racism as a Public Health Crisis. -WCMS engaged with Black colleagues around the vast improvements needed in recruitment and retention of Black health care professionals in WNC -Held a two-part series on health inequities in WNC and the practice of Cultural Humility. - Virtually held a few affinity groups throughout the year, such as Lifestyle Medicine Advancement Group and Black Providers. - WCMS and board members attended a virtual White Coat Wednesday. Topics discussed included pay parity for Telehealth, EPOs (exclusive provider organization), and the Medicaid rate increase of 5%.

Operating model

Revenue model
Membership-supported. 61% of the money available for current operations came from membership dues.
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. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 100
  • Accountability: 31
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.2%; rating input score 59
  • Program expense ratio: 77.2%; rating input score 77
  • 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: Limited
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.1%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 73.7%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -10% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 59.2% of revenue deployed · 77.2% of spending went to programs
  • Governance: 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $129K · 17 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 7 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 59/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.