Medical Professional Liability Association
- Assets
- $4.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Rockville, MD
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 22-2205875
Organization Overview
Medical Professional Liability Association is located in Rockville, MD. The organization was established in 1982. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Medical Professional Liability Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Professional Liability Association 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, Medical Professional Liability Association generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. 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
THE MISSION OF THE MPL ASSOCIATION IS TO EDUCATE, CONNECT, PROMOTE, AND PROTECT THE GLOBAL MEDICAL PROFESSIONAL LIABILITY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS & EDUCATION-THE MPL ASSOCIATION PROVIDES ITS MEMBERS WITH A WIDE VARIETY OF KNOWLEDGE-SHARING OPPORTUNITIES AND PROFESSIONAL EDUCATION FOCUSED ON THE MEDICAL PROFESSIONAL LIABILITY INSURANCE INDUSTRY. IN 2021, THE ASSOCIATION, IN ORDER TO ACCOMMODATE MEMBER SAFETY AND COMPLY WITH RESTRICTIONS DUE TO THE PANDEMIC, SHIFTED ITS EVENTS, MEETINGS, AND WORKSHOPS ONLINE. THESE PROGRAMS INCLUDED THE ASSOCIATION'S ANNUAL MEDICAL PROFESSIONAL LIABILITY CONFERENCE AS WELL AS 7 EDUCATIONAL WORKSHOPS FOCUSED ON SPECIFIC ASPECTS OF MPL MEMBERSHIP, INCLUDING MARKETING, DENTAL, CLAIMS, RISK MANAGEMENT, GOVERNANCE, FINANCE, UNDERWRITING, AND OTHER GENERAL MPL INSURANCE BUSINESS OPERATIONS. ONE EVENT, FOR CORPORATE COUNSEL PROFESSIONALS WAS HELD IN PERSON. IN ADDITION, THE ASSOCIATION DRAMATICALLY INCREASED ITS ONLINE OFFERINGS BY EXPANDING THE NUMBER OF WEBINARS AND VIRTUAL MEETINGS OF SPECIAL SEGMENTS OF THE MEMBERSHIP TO FACILITATE THE EXCHANGE OF IDEAS AND INFORMATION.
PUBLIC POLICY - THE MPL ASSOCIATION IS AN ADVOCATE FOR FEDERAL MEDICAL PROFESSIONAL LIABILITY REFORMS, AND SPEAKS FOR ITS MEMBERS ON PATIENT SAFETY, REGULATORY, AND PRIVACY LEGISLATION INTRODUCED IN CONGRESS. RECENT ACCOMPLISHMENTS INCLUDE EXTENSIVE TRACKING OF STATE LEGISLATION TO AID MEMBERS' ADVOCACY EFFORTS, THE SUCCESSFUL INTRODUCTION OF LIABILITY PROTECTION LEGISLATION, AND ENGAGMENT WITH REGULATORS ON DATA PRIVACY.
MARKETING & COMMUNICATIONS - MPL ASSOCIATION PRODUCES A QUARTERLY PRINT MAGAZINE, INSIDE MEDICAL LIABILITY, THE LEADING INDUSTRY-WIDE AUTHORITATIVE SOURCE OF INFORMATION ON MEDICAL PROFESSIONAL LIABILITY INSURANCE ISSUES, PUBLIC POLICY, TECHNOLOGY, RESEARCH, AND TRENDS. THE ASSOCIATION'S WEBSITE, WWW.MPLASSOCIATION.ORG, OFFERS PUBLIC RELATIONS TOOLS, INCLUDING WHITE PAPERS AND STUDIES. THE ASSOCIATION ALSO MAINTAINS A SOCIAL MEDIA PRESENCE TO PROMOTE THE INTERESTS OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Atchinson President & CEO | Officer | 35 | $600,043 |
Michael C Stinson VP Of Government Relations | Officer | 35 | $206,229 |
Parul D Parikh VP Of Research & Risk Management | Officer | 35 | $205,649 |
Susan W Beach VP Of Marketing & Communications | Officer | 35 | $203,954 |
Jill K Knerr Chief Adminstrative Officer | Officer | 35 | $200,921 |
Jan Ross Director Of Meetings | 35 | $143,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,493 |
| 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 | $557,493 |
| Total Program Service Revenue | $4,054,526 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,616,937 |
| 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. | $1,591,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,208,804 |
| Pension plan accruals and contributions | $153,686 |
| Other employee benefits | $153,692 |
| Payroll taxes | $170,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,205 |
| Fees for services: Accounting | $63,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $277,722 |
| Advertising and promotion | $0 |
| Office expenses | $112,563 |
| Information technology | $231,071 |
| Royalties | $0 |
| Occupancy | $218,092 |
| Travel | $20,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,485 |
| Insurance | $11,095 |
| All other expenses | $0 |
| Total functional expenses | $4,492,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,691,811 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,446 |
| 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 | $159,712 |
| Net Land, buildings, and equipment | $35,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,011,687 |
| Accounts payable and accrued expenses | $360,601 |
| Grants payable | $0 |
| Deferred revenue | $1,200,245 |
| 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 | $0 |
| Other liabilities | $139,403 |
| Total liabilities | $1,700,249 |
| Net assets without donor restrictions | $2,311,438 |
| 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 | $4,011,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Coatings Association Inc Washington, DC | $33,658,051 | $8,001,381 |
Medical Device Manufactures Association Washington, DC | $2,610,135 | $6,421,044 |
Grand View - Lehigh Valley Health Services Sellersville, PA | $1,306,518 | $2,758,169 |
Medical Professional Liability Association Rockville, MD | $4,011,687 | $4,616,937 |
American Board Of Ophthalmology Doylestown, PA | $11,729,185 | $5,597,359 |
Amda-The Society For Post-Acute And Long-Term Care Medicine Inc Columbia, MD | $3,545,749 | $4,167,777 |
American Board Of Urology Inc Charlottesville, VA | $17,461,531 | $4,211,450 |
Pennsylvania Dental Association Harrisburg, PA | $21,759,277 | $13,492,593 |
National Association Medical Staff Services Washington, DC | $7,292,568 | $4,057,946 |
American Board Of Plastic Surgery Inc Philadelphia, PA | $10,377,925 | $3,692,721 |
American Institute For Radiologic Pathology Inc Reston, VA | $1,124,413 | $2,465,118 |
Maryland State Dental Association Columbia, MD | $1,739,612 | $2,132,601 |