Minnesota Medical Association
Organization summary
Type of Nonprofit
Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.
Donations to this organization are not tax deductible.
Summary charts: organization finances over time
Revenue $3.43M (2024)
Expenses $3.79M (2024)
Total Assets $24.6M (2024)
Total Liabilities $1.48M (2024)
Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Fiscal Year Ending Dec.
2024
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,607,737 |
76.0%
|
| Investment Income | $598,799 |
17.5%
|
| Bond Proceeds | $0 | |
| Royalties | $30,341 |
0.9%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $192,127 |
5.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $517,855 |
13.7%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,477,565 |
39.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $24,632,632 | |
| Total Liabilities | $1,483,827 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Janet Silversmith (Chief Executive Officer) | $302,556 | $0 | $15,862 |
| Jon Stensland (Chief Financial Officer) | $144,569 | $0 | $18,868 |
| David Renner (Director Of Advocacy) | $140,116 | $0 | $23,491 |
Document Links
990
Filed on Nov. 11, 2025Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,394,465 |
75.0%
|
| Investment Income | $435,465 |
13.6%
|
| Bond Proceeds | $0 | |
| Royalties | $30,218 |
0.9%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $334,423 |
10.5%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $532,856 |
15.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,412,196 |
40.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $23,245,635 | |
| Total Liabilities | $1,462,284 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Janet Silversmith (Chief Executive Officer) | $297,523 | $0 | $31,444 |
| David Renner (Director Of Advocacy) | $152,633 | $0 | $21,561 |
| Jon Stensland (Chief Financial Officer) | $144,057 | $0 | $17,832 |
Document Links
990
Filed on Nov. 1, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,284,671 |
54.3%
|
| Investment Income | $513,015 |
12.2%
|
| Bond Proceeds | $0 | |
| Royalties | $30,235 |
0.7%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $1,379,655 |
32.8%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $521,145 |
16.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,318,394 |
40.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $22,248,340 | |
| Total Liabilities | $1,722,938 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Janet Silversmith (Chief Executive Officer) | $289,018 | $0 | $29,711 |
| David Renner Director Of (State & Federal Legislation) | $148,728 | $0 | $19,731 |
| Jon Stensland (Chief Financial Officer) | $137,588 | $0 | $15,828 |
Document Links
990
Filed on Nov. 9, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,425,481 |
57.3%
|
| Investment Income | $1,137,272 |
26.9%
|
| Bond Proceeds | $0 | |
| Royalties | $30,249 |
0.7%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $641,848 |
15.2%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
1.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $26,567,946 | |
| Total Liabilities | $1,676,016 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Edwin Bogonko Md (Chair, Board Of Trustees) | $18,000 | $0 | $0 |
| Marilyn Peitso Md (Immediate Past President) | $13,500 | $0 | $0 |
| Randy Rice Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,115,527 |
75.1%
|
| Investment Income | $671,078 |
23.8%
|
| Bond Proceeds | $0 | |
| Royalties | $30,305 |
1.1%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
1.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $24,598,203 | |
| Total Liabilities | $1,587,698 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Keith Stelter Md (Immediate Past President) | $13,500 | $0 | $0 |
| Randy Rice Md (President Elect) | $13,500 | $0 | $0 |
| Edwin Bogonko Md (Chair, Board Of Trustees) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 12, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,387,598 |
72.1%
|
| Investment Income | $646,327 |
19.5%
|
| Bond Proceeds | $0 | |
| Royalties | $30,193 |
0.9%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $246,082 |
7.4%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
1.1%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $22,338,420 | |
| Total Liabilities | $728,999 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Randy Rice Md (Chair, Board Of Trustees) | $18,000 | $0 | $0 |
| Douglas Wood Md (Immediate Past President) | $13,500 | $0 | $0 |
| Keith Stelter Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 12, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,470,508 |
74.4%
|
| Investment Income | $705,520 |
21.2%
|
| Bond Proceeds | $0 | |
| Royalties | $30,318 |
0.9%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $114,242 |
3.4%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
1.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $20,032,505 | |
| Total Liabilities | $1,013,250 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Randy Rice Md (Chair, Board Of Trustees) | $18,000 | $0 | $0 |
| George Schoephoerster Md (Immediate Past President) | $13,500 | $0 | $0 |
| Douglas Wood Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,490,147 |
12.0%
|
| Investment Income | $342,318 |
1.6%
|
| Bond Proceeds | $0 | |
| Royalties | $2,572 |
0.0%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $18,000,830 |
86.4%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $22,132,144 | |
| Total Liabilities | $1,260,000 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Douglas Wood Md (President Elect) | $13,500 | $0 | $0 |
| David Agerter Md (Immediate Past President) | $13,500 | $0 | $0 |
| George Schoephoerster Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 13, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,609,694 |
89.3%
|
| Investment Income | $82,148 |
2.8%
|
| Bond Proceeds | $0 | |
| Royalties | $367 |
0.0%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $230,773 |
7.9%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.7%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $5,004,059 | |
| Total Liabilities | $778,160 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Douglas Wood Md (Chair, Board Of Trustees) | $18,000 | $0 | $0 |
| David C Thorson Md (Immediate Past President) | $13,500 | $0 | $0 |
| David Agerter Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,669,438 |
62.5%
|
| Investment Income | $128,651 |
3.0%
|
| Bond Proceeds | $0 | |
| Royalties | $1,207,458 |
28.3%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $264,987 |
6.2%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $6,596,954 | |
| Total Liabilities | $520,663 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Douglas L Wood Md (Board Chair) | $18,000 | $0 | $0 |
| Donald M Jacobs Md (Immediate Past President) | $13,500 | $0 | $0 |
| David C Thorson Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Nov. 14, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $3,189,466 |
62.1%
|
| Investment Income | $161,406 |
3.1%
|
| Bond Proceeds | $0 | |
| Royalties | $1,172,848 |
22.8%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $610,545 |
11.9%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $7,740,415 | |
| Total Liabilities | $944,563 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David C Thorson Md (President Elect) | $13,500 | $0 | $0 |
| Cindy F Smith Md (Immediate Past President) | $13,500 | $0 | $0 |
| Donald M Jacobs Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Aug. 17, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,860,855 |
64.1%
|
| Investment Income | $154,177 |
3.5%
|
| Bond Proceeds | $0 | |
| Royalties | $1,138,469 |
25.5%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $307,728 |
6.9%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $7,836,171 | |
| Total Liabilities | $1,131,838 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David Thorson Md (Board Chair) | $18,000 | $0 | $0 |
| Daniel E Maddox Md (Immediate Past President) | $13,500 | $0 | $0 |
| Cindy F Smith Md (President) | $4,500 | $0 | $0 |
Document Links
990
Filed on Aug. 13, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $2,887,564 |
66.0%
|
| Investment Income | $164,741 |
3.8%
|
| Bond Proceeds | $0 | |
| Royalties | $1,105,124 |
25.2%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $219,376 |
5.0%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $36,000 |
0.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $7,282,546 | |
| Total Liabilities | $1,212,211 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $3,043,764 |
70.1%
|
| Investment Income | $154,714 |
3.6%
|
| Bond Proceeds | $0 | |
| Royalties | $1,033,270 |
23.8%
|
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $112,952 |
2.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $35,050 |
0.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $6,919,729 | |
| Total Liabilities | $1,237,234 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2010
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2009
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2008
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2007
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2006
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2005
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2004
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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