American Medical Association

“The american medical association (ama) is composed of individual members who are represented in the house of delegates, a policy making body, through state associations and other constituent associations, national medical specialty societies and other entities to which they belong. Members must possess the united states degree of doctor of medicine (md) or doctor of osteopathic medicine (do), or a recognized international equivalent or be medical students in educational programs provided by a college of medicine or osteopathic medicine accredited by the liaison committee on medical education or the american osteopathic association leading to the md or do degree.”

“All twenty-one members of the ama board of trustees, the governing body, are elected by the ama house of delegates. The house of delegates includes delegates from state, territorial, national specialty or professional interest medical associations that qualify under the ama by-laws, plus the five federal services and certain internal sections.”

“Ama's 2024 form 990 was prepared by deloitte tax llp using the information provided by ama. The completed form 990 was reviewed by ama's finance management before being reviewed by the audit committee of the ama board of trustees. The audit committee of the ama board of trustees reviewed the 2024 form 990 at a regularly scheduled board meeting. All 21 board members received a copy of the return and the audit committee reported on the review of the form 990 to the full board.”

“The office of general counsel and the audit committee of the ama board of trustees throughout the course of the year review board member and key employee disclosures of activities and affiliations from a conflict of interest standpoint. Annually, the office of general counsel reviews and analyzes all board and key employee conflict of interest disclosures and prepares a written analysis of same. The written analyses are prepared and recommendations are made to the board as to whether conflicts exist.”

“Base salary and incentive opportunity of the ceo is established by the compensation committee of the ama board of trustees after review of information provided by independent third-party compensation consulting/survey firms. External compensation benchmarks are updated as necessary. The compensation committee's recommendation for the ceo is subject to approval by the full board. Base salary and incentives for all senior vice presidents are also reviewed by the compensation committee on an annual basis. Compensation of key employees is also matched to market using independent compensation survey data. This data is updated as market conditions dictate. The independent compensation consultant employed by the compensation committee assists the committee in reviewing executive compensation.”

“Form 990, part vi, section c, line 19: the ama makes its governing documents, conflict of interest policy and annual report available to the public by posting the above items on the ama's website.”

“To further the interests of the medical profession by promoting the art and science of medicine and the betterment of public health.”

“Equity in losses of subsidiaries -5,400,540. Defined benefit postretirement health plans other than expense 1,587,522. Equity in earnings of adam street 1847 fund lp 15,031,278. Reversal of grant expenses 96,205.”