Southern Medical Association

“Yes. Members considered stockholders are class 1 "physician and "physician semi retired/retired". The membership of this association shall be by invitation or application to physicians who are licensed to practice medicine in the united states, the district of columbia, and u.s. Territories. The association may also have such types of membership as deemed appropriate by the executive committee. Voting rights and the right to hold office are restricted to medical doctors (md) and doctors of osteopathic medicine (do). Class 2 members, consisting of medical students, residents, healthcare professional, medical practice executives and international members, are not stockholders.”

“Yes, class 1 physician members.”

“Bylaws are approved by all voting eligible members”

“Upon completion of form 990, the return is presented to the board at a board of directors meeting. At the meeting, the board members review the tax return and are free to ask any questions or engage in discussion regarding any topic covered in the return. Once the governing body has reviewed and approved the form 990, the return is filed with the internal revenue service.”

“The organization monitors and enforces compliance by requiring officers and directors to annually disclose interests that could give rise to conflicts.”

“The sma board of directors determines the compensation of the executive director. The compensation of the remaining staff are determined by the executive director. All compensation is reviewed and approved as part of the annual budget review and approval process.”

“Financial statements and disclosures are published on candid.org and are available for review by any member upon written request. Financial statements are reviewed quarterly by the board of directors. Summary of minutes are available to all membership.”

“Investment in sma services 302,541.”

“Southern medical association 3500 blue lake drive, suite 360 birmingham, al 35243 employer identification number: 63-0196615 for the year ending june 30, 2025 southern medical association is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”