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Filing year 2024

INDIANA STATE MEDICAL ASSOCIATION

Indianapolis, Indiana·EIN 35-0411650·6
Total revenue
$4.3M
Total assets
$19.5M
Total expenses
$4.7M
Reported officers
35
Mission

THE INDIANA STATE MEDICAL ASSOCIATION EXISTS TO MAXIMIZE THE LEADERSHIP AND IMPACT OF PHYSICIANS.

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2024

Executive Vice President
executive vice president
$510k
$549k
Base
$383k
Bonus
$25k
Other
Benefits
$37k
VP of Govt Affairs
vice president
$275k
$296k
Base
$195k
Bonus
$8k
Other
Benefits
$42k
Immediate Past President
$74k
$80k
Former Past President
former officer/director/trustee
$29k
$31k
Base
$29k
Bonus
Other
Benefits
$21k
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 30 unpaid individuals.

Up 8%
from 2023

From $473k in 2023 to $510k in 2024.

$473k
2023
$510k
2024
In today's dollarsEst.
Up 5% in real terms$523k to $549k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDIANA STATE MEDICAL ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.4M
$4.7M
2023
$4.3M
$4.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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