Blair CompassBlair Compass Organization IntelligenceWho pays · Who decides · Who benefits · What remains unknown
Organization Evidence Review

Texas Medical Association

State physician membership association

As of July 24, 2026TexasCalendar year 2025, cross-checked to filed FY2024 Form 9902025 annual-report figures subject to audit; FY2024 Form 990 filedPrimary constituency: Texas physicians, residents, fellows, and medical students through county societies, delegates, trustees, and elected officers.

Path A · Quick read

One uniform surface for comparison; detailed evidence is below.

Core comparison profile

Three strongest findings

  1. TMA's 2025 report identifies membership recruitment and retention as 67.4% of operating income, making membership-related activity the dominant accounting source.
  2. The House of Delegates sets policy; the Board manages business and finances; professional staff execute operations and advocacy.
  3. The public record does not permit a reliable physician-versus-hospital payer pie chart because group and employer-paid membership is not allocated by ultimate payer.

Evidence supporting reliance

  • The association has a long-standing physician delegate structure with visible elected leadership.
  • The 2025 annual report and FY2024 Form 990 provide mutually reinforcing financial evidence.
  • Current advocacy broadly tracks physician payment, autonomy, administrative burden, and patient-care concerns.

Reasons for caution

  • The latest 2025 figures are explicitly subject to audit.
  • Membership-related income does not identify whether physicians, practices, hospitals, universities, or other employers paid the dues.
  • Royalty, sponsorship, and group-membership relationships create influence questions that public payer-level schedules do not fully resolve.

Material unknowns

  • Ultimate payer class for membership-related and program revenue.
  • Top-one and top-three payer concentration across dues, royalties, sponsorships, and services.
  • Segment-level participation and outcomes for independent, employed, rural, academic, primary-care, and specialty physicians.

Report card

The score summarizes assessed evidence; evidence coverage is reported separately.

Transparency
12/15
Funding independence
11/15
Mission alignment
18/20
Governance
13/15
Breadth
9/10
Accountability
8/10
Legal / ethical
9/10
Outcomes
4/5

Official accounting revenue mix

TMA reported percentages to one decimal place in its 2025 annual report. Dollar amounts in the chart are approximate calculations from those rounded percentages and the reported $24,258,534 total; the figures are subject to audit.

Membership recruitment and retention (67.4%)
$16.35M
Royalty income (8.6%)
$2.09M
Rental income (5.6%)
$1.36M
Organizational support activities (3.7%)
$897,566
Other income (3.4%)
$824,790
Investment income (3.2%)
$776,273
Educational programs (2.6%)
$630,722
Communications (2.3%)
$557,946
TexMed and conferences (1.6%)
$388,137
Member experience and education (1.6%)
$388,137
Accounting categoryAmountShare
Membership recruitment and retention$16.35M67.40%
Royalty income$2.09M8.60%
Rental income$1.36M5.60%
Organizational support activities$897,5663.70%
Other income$824,7903.40%
Investment income$776,2733.20%
Educational programs$630,7222.60%
Communications$557,9462.30%
TexMed and conferences$388,1371.60%
Member experience and education$388,1371.60%
Total$24.26M100.00%
$24.26M2025 operating income; subject to audit
$25.35M2025 operating expenses; subject to audit
$42.76MFY2024 filed Form 990 year-end net assets

Payer and funding-source visibility

Ultimate payer percentages are not calculable.
TMA reports 67.4% of 2025 operating income as membership recruitment and retention, but does not publicly allocate that category among individual physicians, practices, hospital or academic employers, residency programs, or other group payers. A clearly identified $10,000 hospital-system grant in FY2024 was approximately 0.04% of total revenue, but the public grant detail is incomplete and cannot define total hospital-originated support.

Identity, alignment, and influence at a glance

Primary constituency: Texas physicians, residents, fellows, and medical students through county societies, delegates, trustees, and elected officers.

Physician alignment: Generally supportive for Texas physicians; ultimate payer identity remains incomplete.

Funding model: Membership-related revenue dominates; ultimate payer of group arrangements is unknown.

Primary influence: See the detailed authority and influence analysis.

Executive summary

TMA is a large Texas physician membership association with a formal House of Delegates, elected physician officers, a governing board, and professional staff. Its newest organization-published report identifies membership recruitment and retention as the dominant operating-income category, while the filed FY2024 Form 990 confirms that program-service and royalty revenue are much larger than charitable support. The evidence supports describing TMA as primarily sustained by its physician-member ecosystem rather than direct hospital grants. It does not support claiming that all membership-related revenue was personally paid by individual physicians, because practices, residency programs, academic institutions, and health-system-affiliated groups may participate in group arrangements. The B grade reflects strong physician governance, current advocacy, and usable financial reporting, with important limits in payer identity, concentration, and segment-level outcome disclosure.

One sentence: TMA appears primarily supported by its physician-member ecosystem and generally aligned with physician advocacy, but public records do not reveal who ultimately pays most group memberships or commercial revenue.

Path B · Detailed evidence review

Every organization uses the same twelve evidence sections and order.

1Identity, Mission, and ScopeFact pattern

Organization type: State physician membership association

Primary constituency: Texas physicians, residents, fellows, and medical students through county societies, delegates, trustees, and elected officers.

Mission: Improve the health of all Texans by serving the people of Texas in matters of medical care, prevention, and cure of disease, and improvement of public health.

Scale: More than 60,000 physician and medical-student members are reported by TMA.

2Leadership and Decision AuthorityCurrent roles
LeaderCurrent roleAuthority context
Bradford W. Holland, MDPresidentElected physician leader
Kimberly E. Monday, MDPresident-electElected physician leader
John T. Carlo, MDBoard chairBoard governance
Michael J. DarrouzetExecutive vice president and CEOOperational leadership
Decision-rights rule: Formal titles do not automatically reveal operational control. The review separates elected governance, board authority, executive execution, member votes, and affiliate authority.
3Financial SupportAccounting view

Period: Calendar year 2025, cross-checked to filed FY2024 Form 990
Status: 2025 annual-report figures subject to audit; FY2024 Form 990 filed

TMA reported percentages to one decimal place in its 2025 annual report. Dollar amounts in the chart are approximate calculations from those rounded percentages and the reported $24,258,534 total; the figures are subject to audit.

$24.26M2025 operating income; subject to audit
$25.35M2025 operating expenses; subject to audit
$42.76MFY2024 filed Form 990 year-end net assets
Membership recruitment and retention (67.4%)
$16.35M
Royalty income (8.6%)
$2.09M
Rental income (5.6%)
$1.36M
Organizational support activities (3.7%)
$897,566
Other income (3.4%)
$824,790
Investment income (3.2%)
$776,273
Educational programs (2.6%)
$630,722
Communications (2.3%)
$557,946
TexMed and conferences (1.6%)
$388,137
Member experience and education (1.6%)
$388,137
Accounting categoryAmountShare
Membership recruitment and retention$16.35M67.4%
Royalty income$2.09M8.6%
Rental income$1.36M5.6%
Organizational support activities$897,5663.7%
Other income$824,7903.4%
Investment income$776,2733.2%
Educational programs$630,7222.6%
Communications$557,9462.3%
TexMed and conferences$388,1371.6%
Member experience and education$388,1371.6%
4Payer Identity and Unknown FundingPayer guardrail
Payer-class percentages cannot be calculated responsibly.
TMA reports 67.4% of 2025 operating income as membership recruitment and retention, but does not publicly allocate that category among individual physicians, practices, hospital or academic employers, residency programs, or other group payers. A clearly identified $10,000 hospital-system grant in FY2024 was approximately 0.04% of total revenue, but the public grant detail is incomplete and cannot define total hospital-originated support.
Guardrail: An accounting category is not the same thing as an ultimate payer. No physician-versus-hospital pie is shown unless mutually exclusive payer classes can be supported.
5Related Organizations and Money FlowsEntity separation
Entity or relationshipRelationship typeWhy it matters
TMA FoundationSeparate 501(c)(3)Charitable donations and grants must not be combined with TMA operating revenue.
TEXPACSeparate political committeePolitical receipts and expenditures are distinct from association finances.
TMA Insurance Trust and Texas Medical Liability TrustEndorsed related organizationsTMA identifies royalty relationships; counterparties and exact allocation should remain explicit.

Related entities, foundations, PACs, trusts, networks, and LLCs remain financially and legally separate unless a documented transfer is included in the reviewed organization’s accounts.

6Top InfluencersEvidence classified
InfluencerEvidence classificationEvidence-supported relevance
House of Delegates and county medical societiesDirectly documentedSet policy through organized physician governance.
Board of Trustees and executive staffDirectly documentedControl business, finances, and operational execution.
Physician members and group membership programsDirectly documentedProvide the dominant membership-related economic base.
Endorsed insurance organizationsDirectly documented financial relationshipGenerate royalty income; influence does not equal control.

Interpretation: A documented relationship may create influence or incentives; it does not by itself establish control, misconduct, or improper capture.

7Mission Versus ConductAlignment test
Mission or public commitmentAlignment assessmentDocumented action or tension
Physician payment and practice viabilityAlignedCurrent priorities address Medicare payment, consolidation, and administrative burden.
Physician autonomyAlignedAdvocacy emphasizes physician judgment and physician-led care.
Broad physician representationGenerally alignedFormal delegate and county-society pathways exist, but segment-level participation is not quantified.
Financial transparencyPartially alignedRevenue categories are disclosed; ultimate payer classes are not.
8Physician and Member RepresentationConstituency test
Physician or member segmentEvidence-supported assessment
Texas physiciansFormal membership and delegate constituency
Residents, fellows, and studentsFormal lower-cost or complimentary pathways
Independent physiciansStrong policy relevance
Employed physiciansRepresented; employer payment and influence are unclear
Rural and community physiciansPolicy attention present; measurable outcomes not segmented
Membership-count rule: Total membership does not prove equal participation, voting power, financial contribution, or benefit across segments.
9Legal, Regulatory, and Ethical RecordStatus and outcomes

Legal, regulatory, and ethical record

No material final adverse regulatory or criminal finding against TMA was identified in the reviewed sources. TMA is active in litigation and advocacy, often as a challenger or amicus; participation in litigation is not itself an adverse finding.

Outcome accountability

TMA documents advocacy, education, legal activity, and member services, but does not publish a single causal outcome framework showing benefit by physician segment.

10Report Card MethodologyNormalized rubric

Normalized score: 84/100 (B). Raw evaluated points: 84/100. Evidence completeness: 92%.

DimensionScoreGradeInterpretation
Financial Transparency and Source Identification12/15B80% of dimension maximum
Funding Independence and Concentration Risk11/15C73% of dimension maximum
Mission-to-Action Alignment18/20A90% of dimension maximum
Physician or Member Governance and Representation13/15B87% of dimension maximum
Breadth of Support Across Physician Segments9/10A90% of dimension maximum
Leadership, Conflict Management, and Accountability8/10B80% of dimension maximum
Legal, Regulatory, and Ethical Record9/10A90% of dimension maximum
Outcomes and Public Accountability4/5B80% of dimension maximum
Why two percentages? The normalized score summarizes performance on evaluated dimensions. Evidence completeness separately measures how much of the desired evidence was sufficiently current and documented. They are intentionally not the same number.

Read the complete standardized methodology.

11Limitations and Unanswered QuestionsVisible caveats
  • 2025 figures are subject to audit.
  • Revenue categories do not identify ultimate payers.
  • Named grant detail does not reconcile to all contributions and grants.
  • Related entities and political activity must remain separate.
  • Segment-level governance and outcome data are incomplete.

Information most likely to change this assessment: current audited financials, mutually exclusive payer-class schedules, top-funder concentration, current bylaws and conflict records, segment-level participation, and independently validated outcomes.

12Verification and Review StatusPublication gate
Verification completed: current leaders and major organizational roles were checked against current official sources; financial totals and percentages were independently recalculated; related entities were kept separate; and allegations were not treated as findings.

Publication status: Public review. A last-link check and final editorial approval are required before each release.

Editorial independence: The reviewed organization did not approve, edit, or veto the findings or score. Factual corrections may be submitted through the published corrections process.

Scope: Verification is limited to publicly accessible records. Private contracts, nonpublic minutes, sealed proceedings, and undisclosed conflicts are outside the available evidence.

Sources, Methods & Verification · 14 references

Source rule: Primary and official records were preferred. Accounting categories were not converted into payer identities. Related entities were kept separate. Allegations were not treated as findings.

Verification: current leaders and major financial arithmetic were checked for this publication batch. Material corrections and future updates follow the published verification process.

S1. TMA LeadershipOfficial organization source · Accessed July 24, 2026https://www.texmed.org/Leadership/
S2. TMA Board of TrusteesOfficial organization source · Accessed July 24, 2026https://www.texmed.org/BOT/
S3. TMA PresidentOfficial organization source · Accessed July 24, 2026https://www.texmed.org/president/
S4. TMA Membership and 2026 DuesOfficial organization source · Accessed July 24, 2026https://www.texmed.org/Join/
S5. TMA 2025 Annual ReportOfficial organization source · Accessed July 24, 2026https://www.texmed.org/uploadedFiles/Current/2016_About_TMA/TMA_Publications/Texas_Medicine/TMA_2025_Annual_Report.pdf
S6. TMA Form 990 - Nonprofit ExplorerNonprofit filing database or mirror · Accessed July 24, 2026https://projects.propublica.org/nonprofits/organizations/741078510
S7. TMA Goals and Strategic PrioritiesOfficial organization source · Accessed July 24, 2026https://www.texmed.org/goals.aspx
S8. TMA Membership OverviewOfficial organization source · Accessed July 24, 2026https://www.texmed.org/Membership/
S9. TMA Policy and House of Delegates MaterialsOfficial organization source · Accessed July 24, 2026https://www.texmed.org/Policy/
S10. TMA Insurance and Endorsement RelationshipsOfficial organization source · Accessed July 24, 2026https://www.texmed.org/INKInsurance.aspx
S11. TMA 100% Membership ProgramOfficial organization source · Accessed July 24, 2026https://www.texmed.org/100
S12. TMA Group Membership ParticipantsOfficial organization source · Accessed July 24, 2026https://www.texmed.org/Template.aspx?id=35919
S13. TMA Grantor Detail - IRS-Derived Filing DataNonprofit filing database or mirror · Accessed July 24, 2026https://philanthropy.org/990/report/741078510/texas-medical-association
S14. Texas Health Resources Grant Detail - IRS-Derived Filing DataNonprofit filing database or mirror · Accessed July 24, 2026https://philanthropy.org/990/report/752702388/texas-health-resources