ILLINOIS STATE MEDICAL SOCIETY Charity Report

Public IRS 990 nonprofit record

ILLINOIS STATE MEDICAL SOCIETY

EIN 36-2436054 · Education (B)

What they do

THE ILLINOIS STATE MEDICAL SOCIETY is A PROFESSIONAL ORGANIZATION THAT REPRESENTS and UNIFIES ITS PHYSICIAN MEMBERS AS THEY PRACTICE THE SCIENCE and ART of MEDICINE. THE SOCIETY REPRESENTS THE INTERESTS of MEMBER PHYSICIANS, ADVOCATES for PATIENTS and PROMOTES THE DOCTOR/PATIENT RELATIONSHIP, THE ETHICAL PRACTICE of MEDICINE, and THE BETTERMENT of THE PUBLIC HEALTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$103.22spent for every $100 of revenueSpending was higher than revenue this year.

51.17%of revenue went to management and office costs49.6% of expenses

$2.18in assets for every $1 spent this yearSome assets cannot be spent right away.

1.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $122,464 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $370,907 for ALEXANDER R LERNER (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,807,766

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$1,948,53351.17% of revenue49.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$3,930,230103.22% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 49.6% management · 0.0% fundraisingTotal expenses: 103.22% of revenue

2023Expense mix: 0.0% mission · 55.6% management · 0.0% fundraisingTotal expenses: 111.19% of revenue

2022Expense mix: 0.0% mission · 46.9% management · 0.0% fundraisingTotal expenses: 118.14% of revenue

2021Expense mix: 0.0% mission · 47.4% management · 0.0% fundraisingTotal expenses: 105.82% of revenue

2020Expense mix: 0.0% mission · 47.5% management · 0.0% fundraisingTotal expenses: 88.26% of revenue

Money in and money out

Revenue$3,807,766

Expenses$3,930,230

Annual shortfall $122,464 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$1,948,533 · 49.6% of expenses

See all reported dollar amounts

Revenue$3,807,766

Expenses$3,930,230

Assets$8,572,660

Income$4,992,606

Contributions$42,858

Management and general$1,948,533

Stocks and bonds$5,057,229

Accounting fees$132,822

Investing fees$41,555

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALEXANDER R LERNERCEO · 22 hrs/week $370,907Base $367,660 · Other $3,247

CHERYL L KOOSCOO · 22 hrs/week $221,106Base $216,918 · Other $4,188

MARGARET VORPAHLDIRECTOR, MEMBERSHIP SALES · 38 hrs/week $150,812Base $108,441 · Other $42,371

DAVID A WICHMANNCFO · 8 hrs/week $81,029Base $75,571 · Other $5,458

VYAS I PIYUSH MDPRESIDENT · 2 hrs/week $63,679

ROBERT J OLIVER MDTRUSTEE · 2 hrs/week $58,943

THOMAS M ANDERSON MDIMMEDIATE PAST CHAIR · 2 hrs/week $23,447

RICHARD C ANDERSON MDPRESIDENT - ELECT · 2 hrs/week $21,504

RODNEY S ALFORD MDIMMEDIATE PAST PRESIDENT · 2 hrs/week $19,143

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

ALEXANDER R LERNERCEO

CHERYL L KOOSCOO

MARGARET VORPAHLDIRECTOR, MEMBERSHIP SALES

DAVID A WICHMANNCFO

VYAS I PIYUSH MDPRESIDENT

ROBERT J OLIVER MDTRUSTEE

THOMAS M ANDERSON MDIMMEDIATE PAST CHAIR

RICHARD C ANDERSON MDPRESIDENT - ELECT

RODNEY S ALFORD MDIMMEDIATE PAST PRESIDENT

MITCHELL S KING MDREGIONAL TRUSTEE

VANESSA A STAN MDTRUSTEE AT LARGE

TRIPTI C KATARIA MDSPEAKER

STEVEN M MARDJETKO MDTRUSTEE AT LARGE

SANDRA HADDAD MDRESIDENT TRUSTEE

SACHIN R PATEL MDTRUSTEE AT LARGE

PAUL F MERRICK MDTRUSTEE AT LARGE

PAUL E PEDERSEN MDREGIONAL TRUSTEE

LARRY M SAPETTI MDREGIONAL TRUSTEE

KODY JONESSTUDENT TRUSTEE

KAMBIZ B ZORRIASATEYNREGIONAL TRUSTEE

GAUTAMI GALPALLISTUDENT TRUSTEE

FRANCIS J NICOLOSI MDVICE-SPEAKER

DIVYA M SURABHI MDRESIDENT TRUSTEE

CHRISTINE P BISHOFSECRETARY TREASURER

CANDANCE D MCGREGOR MDTRUSTEE AT LARGE

AMY J DERICK MDTRUSTEE AT LARGE

About this charity

Recognized since: January 1947
Location: 20 N MICHIGAN AVE STE 700, CHICAGO, IL 60602-4822
County: Cook
In care of: % DAVID A WICHMANN
Primary officer: CHERYL KOOS, COO

How to reach them

WebsiteVisit the charity’s website Emailinfo@isms.org Phone(312) 782-1654 Officer phone(312) 782-1645

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Education (B)
IRS tax category: Education