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Nonprofiteer
← OKLAHOMA STATE MEDICAL ASSOCIATION

Form 990 for tax year 2024

Filed by OKLAHOMA STATE MEDICAL ASSOCIATION.

Totals

Total revenue
$8,145,560
Total expenses
$8,218,630
Contributions and grants received
$0
Grants paid
$175,600
Program service revenue
$611,120
Investment income
$7,358,831
Other revenue
$175,609
Total assets, end of year
$134,086,237
Total liabilities, end of year
$333,040
Net assets or fund balances, end of year
$133,753,197
Program services expenses (Part IX)
$6,932,345
Management and general expenses
$1,286,285
Fundraising expenses
$0
Program service expenses (Part III)
$6,932,345

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $269,215 · related or exempt $269,215

  • 2b · Program service revenue: ADMINISTRATIVE SUPPORT

    total $102,000 · related or exempt $102,000

  • 2c · Program service revenue: SERVICE AGREEMENT

    total $65,000 · related or exempt $65,000

  • 2d · Program service revenue: AFFILIATE DUES

    total $52,625 · related or exempt $52,625

  • 2e · Program service revenue: CME PLANNING EVENT

    total $48,175 · related or exempt $48,175

  • 2f · All other program service revenue

    total $74,105 · related or exempt $74,105

  • 3 · Investment income

    total $3,550,668 · excluded $3,550,668

  • 6a · Gross rents

    real property $28,625

  • 6c · Rental income or loss

    real property $28,625

  • 6d · Net rental income or loss

    total $28,625 · excluded $28,625

  • 7a · Gross sales of assets other than inventory

    securities $17,517,458

  • 7b · Less cost or other basis and sales expenses

    securities $13,709,295

  • 7c · Gain or loss

    securities $3,808,163

  • 7d · Net gain or loss

    total $3,808,163 · related or exempt $3,808,163

  • 11a · Other revenue: OTHER REVENUE

    total $50,500 · related or exempt $50,500

  • 11b · Other revenue: JOURNAL ADVERTISING

    total $31,615 · unrelated business $31,615

  • 11c · Other revenue: ADVERTISING - MEMBER SERVICES

    total $24,000 · related or exempt $24,000

  • 11d · All other revenue

    total $40,869 · related or exempt $40,509 · unrelated business $360

  • 11e · Other revenue, total

    $146,984

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,600 · program services $175,600

  • 7 · Other salaries and wages

    total $1,353,579 · program services $868,992 · management and general $484,587

  • 8 · Pension plan contributions

    total $72,882 · program services $46,790 · management and general $26,092

  • 9 · Other employee benefits

    total $122,462 · program services $78,619 · management and general $43,843

  • 10 · Payroll taxes

    total $103,978 · program services $66,754 · management and general $37,224

  • 11b · Fees: legal

    total $49,949 · program services $40,986 · management and general $8,963

  • 11c · Fees: accounting

    total $36,453 · program services $483 · management and general $35,970

  • 12 · Advertising and promotion

    total $157,112 · program services $157,112

  • 13 · Office expenses

    total $135,897 · program services $129,931 · management and general $5,966

  • 16 · Occupancy

    total $141,885 · program services $91,089 · management and general $50,796

  • 17 · Travel

    total $166,288 · program services $125,428 · management and general $40,860

  • 19 · Conferences, conventions and meetings

    total $115,477 · program services $113,273 · management and general $2,204

  • 22 · Depreciation, depletion and amortization

    total $117,107 · program services $75,182 · management and general $41,925

  • 23 · Insurance

    total $56,950 · program services $36,562 · management and general $20,388

  • 24a · Other expenses: CONTRIBUTIONS

    total $3,286,835 · program services $3,286,835

  • 24b · Other expenses: CONTRACT LABOR/SERVICES

    total $1,403,842 · program services $1,353,517 · management and general $50,325

  • 24c · Other expenses: COMPUTER AND UPGRADE

    total $236,931 · program services $42,458 · management and general $194,473

  • 24d · Other expenses: INVESTMENT EXPENSE

    total $144,103 · management and general $144,103

  • 24e · All other expenses

    total $341,300 · program services $242,734 · management and general $98,566

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,095 · end of year $183,793

  • 2 · Savings and temporary cash investments

    beginning of year $377,563 · end of year $37,325

  • 4 · Accounts receivable

    beginning of year $45,047 · end of year $75,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,913 · end of year $99,093

  • 10a · Land, buildings and equipment: cost or other basis

    $4,153,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,717,229

  • 10c · Land, buildings and equipment, net

    beginning of year $2,553,429 · end of year $2,436,329

  • 11 · Investments: publicly traded securities

    beginning of year $127,568,428 · end of year $131,054,557

  • 12 · Investments: other securities

    beginning of year $200,000 · end of year $200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,512 · end of year $156,321

  • 19 · Deferred revenue

    beginning of year $222,480 · end of year $176,719

  • 27 · Net assets without donor restrictions

    beginning of year $130,670,005 · end of year $133,731,719

  • 28 · Net assets with donor restrictions

    beginning of year $21,478 · end of year $21,478

Mission and programs · 2024

Mission

OSMA'S VISION IS TO BE THE LEADING VOICE IN HEALTH CARE FOR OKLAHOMA'S PATIENTS, FAMILIES AND PHYSICIANS. OSMA'S MISSION IS BETTER HEALTH FOR OKLAHOMA.

  • MEMBER SERVICES: OSMA IS THE LEADING RESOURCE TO HELP PHYSICIANS SUSTAIN THEIR PRACTICES AND PROMOTE PUBLIC HEALTH IN OKLAHOMA. THE ORGANIZATION HAS EXPANDED ITS OFFERINGS OF CONTINUING EDUCATION PROGRAMS TO MEET THE NEEDS OF PHYSICIANS, WHO MUST COMPLETE SUCH PROGRAMS TO MAINTAIN THEIR MEDICAL LICENSES. OUR PHYSICIANS CAMPAIGN FOR A HEALTHIER OKLAHOMA SUPPORTS EFFORTS TO COMBAT THE EFFECTS OF OBESITY IN THE STATE AND PROVIDES RESOURCES TO OKLAHOMA PHYSICIAN PRACTICES TO PROMOTE PUBLIC HEALTH. THE ASSOCIATION OPERATES VARIOUS COUNCILS AND COMMITTEES THAT WORK WITH SPECIFIC POPULATIONS OF ITS MEMBERSHIP TO HELP ADDRESS THEIR UNIQUE PRACTICE NEEDS. OSMA OFFERS A VARIETY OF RESOURCES FOR PHYSICIANS WITH MENTAL HEALTH NEEDS OR THOSE BATTLING SUBSTANCE ABUSE ISSUES.

    Expenses $4,162,955 · Grants $175,600

  • LEGISLATIVE: OSMA LAUNCHED A SIGNIFICANT PUBLIC RELATIONS AND POLITICAL CAMPAIGN AIMED AT CREATING A PRO-MEDICINE AND PRO-SCIENCE ENVIRONMENT AMONG OKLAHOMA'S POLITICAL LEADERS AND THE GENERAL PUBLIC. THIS EFFORT INCLUDED SIGNIFICANT INVOLVEMENT WITH INDEPENDENT EXPENDITURES DURING THE 2022 ELECTION CYCLE, PUBLIC RELATIONS MEDIA CAMPAIGNS AND ADVOCACY EFFORTS AT THE STATE CAPITOL.

    Expenses $2,386,133

  • PUBLIC HEALTH ADVOCACY: OSMA SUPPORTS PROGRAMS SUCH AS COUNCIL ON PUBLIC AND MENTAL HEALTH AND PHYSICIANS CAMPAIGN FOR A HEALTHIER OKLAHOMA.

    Expenses $226,464

  • PUBLICATIONS

    Expenses $156,793

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WESLEY D GLINSMANN

    EXECUTIVE DI

    Total calculated
    $256,233
    From this org
    $256,233
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,233
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $256,233

  • EDGAR BOYD JR MD

    PRESIDENT

    Total calculated
    $22,503
    From this org
    $22,503
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • R KEVIN MOORE MD

    SECRETARY/TR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SUMIT NANDA MD

    PRESIDENT EL

    Total calculated
    $11,100
    From this org
    $11,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DIANE HEATON MD

    IMMEDIATE PA

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRADY IBA DO

    RESIDENT/FEL

    Total calculated
    $4,324
    From this org
    $4,324
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JULIE STREBEL HAGER

    VICE PRESIDE

    Total calculated
    $3,878
    From this org
    $3,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GEOFFREY CHOW MD

    SPEAKER

    Total calculated
    $3,878
    From this org
    $3,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JEAN HAUSHEER MD

    TRUSTEE

    Total calculated
    $3,878
    From this org
    $3,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WOODY G JENKINS MD

    CHAIR, BD OF

    Total calculated
    $2,842
    From this org
    $2,842
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • REAGAN AMASON

    STUDENT TRUS

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY WEEDN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER EMERSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DUC TU MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNY BOYER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAREN GOLD MD

    VICE CHAIR,

    Total calculated
    $0
    Hours/week
    1

  • LARA MASHEK MD

    VICE SPEAKER

    Total calculated
    $0
    Hours/week
    1

  • LESA MULLIGAN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LUCAS TOHO MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW J GRAVES MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MUHAMMAD SANAULLAH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD RIVERS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARON D'SOUZA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARON SMALLWOOD MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • T CRAIG KUPIEC II MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY ROBISON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.0
Source object
202503219349311225

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