Texas Medical Association

“Texas medical association is a professional association representing texas physicians and medical students. At 12/31/13, the association had 47,355 members.”

“Form 990 is prepared by the manager of the association accounting department. Prior to filing, the return is thoroughly reviewed by the executive vice president and chief operating officer. The return is made available to all officers and trustees upon completion.”

“Disclosure of affiliations questionnaire is submitted by all officers and trustees annually. The conflict of interest policy is reviewed at the beginning of all board meetings.”

“Independent compensation consultant develops compensation strategy by evaluating market trends and organizational goals/philosophy while ensuring ongoing competitiveness and compliance. This recommendation is presented to the association's compensation committee for review. Final plan is then submitted to board of trustees for approval.”

“Governing documents, conflict of interest policy and financial statements are made available to texas medical association members upon request.”

“The board of trustees approves selection of independent auditor. The annual audit report is formally presented to the board by the audit firm partner responsible for the engagement. At this time, the board also meets with the auditor in executive session to discuss any questions and concerns in absence of association staff.”

“Consistent with the previously filed 2012 form 990, prior year membership dues of $14,938,323 are recorded on part i, line 8. Current year membership dues of $14,923,745 are recorded on part i, line 9. Treatment of membership dues as program service program revenue is appropriate because this amount represents payments for benefits received by members. Prior year membership dues should have bee recorded as program service revenue.”