Hartford County Medical Association Inc
- Assets
- $1.8m
- Revenue
- $279.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 06-0681545
Organization Overview
Hartford County Medical Association Inc is located in Shelton, CT. The organization was established in 1964. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford County Medical Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Hartford County Medical Association Inc generated $279.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $124.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE REFER TO SCHEDULE O FOR FULL DESCRIPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES AND REPRESENTS HIGH QUALITY MEDICAL CARE ON BEHALF OF AND THROUGH ITS APPROXIMATELY 2,100 MEMBERS. IT CULTIVATES AND ADVANCES EDUCATION AND THE PRACTICE OF MEDICINE.HCMA WORKS WITH THE LARGER COMMUNITY AND ITS REPRESENTATIVES FOR THE IMPROVEMENT OF HEALTH FOR ALL PEOPLE WITHIN HARTFORD COUNTY AND IS INVOLVED WITH THE DEVELOPMENT OF SOUND PUBLIC POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akella S Sarma MD President | OfficerTrustee | 1 | $5,600 |
Frank A Santoro MD Vice President | OfficerTrustee | 1 | $2,950 |
Gwendolyn H Moraski MD Councilor | OfficerTrustee | 1 | $600 |
Robert A Green MD Associate Councilor | OfficerTrustee | 1 | $600 |
Kevin W Watson MD Associate Councilor | OfficerTrustee | 1 | $600 |
Khuram Ghumman MD Immediate Past President | OfficerTrustee | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,719 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,719 |
| Total Program Service Revenue | $485 |
| Investment income | $53,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,941 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,945 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,005 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,319 |
| All other expenses | $5,129 |
| Total functional expenses | $124,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,189 |
| Savings and temporary cash investments | $25,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,562,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,464 |
| Total assets | $1,811,474 |
| Accounts payable and accrued expenses | $5,250 |
| Grants payable | $0 |
| Deferred revenue | $51,519 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $854 |
| Other liabilities | $0 |
| Total liabilities | $57,623 |
| Net assets without donor restrictions | $1,753,851 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,811,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Academic And Scientific Community Organization Inc Boston, MA | $71,409,307 | $30,389,290 |
Massachusetts Nurses Association Canton, MA | $15,341,722 | $21,633,251 |
Massachusetts Health & Hospital Assoc Inc Burlington, MA | $18,521,791 | $10,974,960 |
N H C C Medical Associates Inc Newport, RI | $442,975 | $8,120,804 |
Connecticut Hospital Association Inc & Affiliates Wallingford, CT | $20,376,618 | $10,735,493 |
Massachusetts Dental Society Southborough, MA | $16,206,849 | $7,845,632 |
New York County Health Services Review Organizations Inc New York, NY | $23,529,408 | $5,159,805 |
Medical Society Of The State Of New York Westbury, NY | $23,626,898 | $6,678,439 |
Coastal Medical Associates Inc South Weymouth, MA | $4,039,266 | $5,719,679 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Massachusetts Senior Care Association Inc Easton, MA | $2,585,686 | $3,605,157 |
National Student Nurses Association Brooklyn, NY | $3,483,994 | $2,719,643 |