Society Of Hospital Medicine
- Assets
- $18.9m
- Revenue
- $11.3m
- Investments
- $3.1m
- Employees
- 60
- Location
- Philadelphia, PA
- Founding
- 01/2002
- Data as of
- 09/2021
- EIN
- 23-3057353
Organization Overview
Society Of Hospital Medicine is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2021, Society Of Hospital Medicine employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Hospital Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Society Of Hospital Medicine generated $11.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $9.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 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
THE SOCIETY OF HOSPITAL MEDICINE IS DEDICATED TO PROMOTING THE HIGHEST QUALITY CARE FOR ALL HOSPITALIZED PATIENTS. SHM IS COMMITTED TO PROMOTING EXCELLENCE IN THE PRACTICE OF HOSPITAL MEDICINE THROUGH EDUCATION, ADVOCACY AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGANNUAL MEETING, NOW KNOWN AS CONVERGE, IS PART OF THE HOSPITAL MEDICINE MOVEMENT. IN 2022 THERE WERE OVER 2600 ATTENDEES THAT WERE ABLE TO PARTICIPATE IN OVER 120 DIFFERENT EDUCATIONAL SESSIONS. ADDITIONALLY, THERE WERE OVER 800 PARTICIPANTS IN THE POSTER SESSION THAT SHOWCASES AREAS OF ACADEMIC RESEARCH, INNOVATION AND KEY CLINICAL CASES. OTHER EDUCATION INITIATIVESLEADERSHIP ACADEMY - SHM CONDUCTS A 4 PART EDUCATIONAL TRAINING COURSE THAT PREPARES PHYSICIANS FOR MANAGERIAL AND C-SUITE POSITIONS. THESE COURSES FOCUS ON PERSONAL, ORGANIZATIONAL AND TEAM SKILL DEVELOPMENT FOR THOSE LOOKING TO TRANSITION BEYOND THE CLINICAL ROLE. TO DATE, SHM HAS HAD OVER 1,800 GRADUATES OF THE LEADERSHIP ACADEMY.
CQITHE CENTER FOR QUALITY IMPROVEMENT SUPPORTS AND EQUIPS HOSPITALISTS AND OTHER HOSPITAL CLINICIANS WITH "BEST PRACTICE AND EVIDENCE-BASED IMPLEMENTATION TOOLS, FRAMEWORKS, RESOURCES AND STRATEGIES, RESULTING IN A SUSTAINABLE MODEL OF IMPROVED PATIENT SAFETY, OUTCOMES AND QUALITY OF CARE. THE CENTER PARTNERS WITH A DIVERSE POOL OF FUNDERS TO DEVELOP THESE PROGRAMS AND RESOURCES ADDRESSING MULTIPLE CLINICAL TOPICS INCLUDING GLYCEMIC CONTROL, COPD, VTE AND IMPROVING HANDOFFS OF CARE. SHM'S MENTORED IMPLEMENTATION MODEL IS THE PRIMARY MECHANISM FOR FACILITATING PROCESS IMPROVEMENT AND SUSTAINABLE CULTURAL CHANGE IN THE HOSPITAL TO IMPROVE PATIENT OUTCOMES.
MEMBERSHIPTHE SOCIETY OF HOSPITAL MEDICINE (SHM) IS DEDICATED TO SUPPORTING THE NEEDS OF HOSPITAL MEDICINE PROFESSIONALS AND PROMOTING EXCEPTIONAL CARE FOR HOSPITALIZED PATIENTS. SHM SERVES ITS MEMBERS BY DELIVERING HIGH QUALITY RESOURCES, LIVE AND ONLINE EDUCATION AND ACCESS TO A MULTI-DISCIPLINARY NETWORK OF ENGAGED HOSPITAL MEDICINE PROFESSIONALS.MEMBERS RECEIVE A RANGE OF EXCLUSIVE BENEFITS INCLUDING, BUT NOT LIMITED TO: SUBSCRIPTIONS TO THE HOSPITALIST AND THE JOURNAL OF HOSPITAL MEDICINE (PUBLISHED MONTHLY); MEMBERSHIP IN A LOCAL CHAPTER; ACCESS TO SPECIAL INTEREST GROUPS; AND A PORTFOLIO OF DIGITAL RESOURCES INCLUDING THE LEARNING PORTAL AND CLINICAL CONTENT ON QUALITY IMPROVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence D Wellikson MD Former CEO | 40 | $908,034 | |
Eric E Howell Chief Executive Officer | Officer | 40 | $365,251 |
Tommy George Chief Of Operations | 40 | $149,355 | |
Josh Boswell Chief Legal Officer | 40 | $146,819 | |
Jenna Goldstein Chief Of Strategic Partnerships | 40 | $134,514 | |
Nick Marzano Chief Of Strategy | 40 | $133,449 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Personify Inc Software Support | 9/29/21 | $240,652 |
Johns Hopkins University Program Contractor | 9/29/21 | $108,886 |
Chamber Hill Strategies Advocacy Legal Fees | 9/29/21 | $125,382 |
Thomas Jefferson University Hospital In Program Contractor | 9/29/21 | $144,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $928,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,368,019 |
| Total Program Service Revenue | $8,453,814 |
| Investment income | $236,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $550,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $674,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,282,806 |
| 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. | $848,751 |
| Compensation of current officers, directors, key employees. | $682,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,924,504 |
| Pension plan accruals and contributions | $121,384 |
| Other employee benefits | $746,720 |
| Payroll taxes | $389,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,554 |
| Fees for services: Accounting | $19,499 |
| Fees for services: Lobbying | $133,995 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $619,753 |
| Advertising and promotion | $149,976 |
| Office expenses | $66,560 |
| Information technology | $525,710 |
| Royalties | $0 |
| Occupancy | $482,849 |
| Travel | $49,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,722 |
| Insurance | $22,199 |
| All other expenses | $24,572 |
| Total functional expenses | $9,915,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,548 |
| Savings and temporary cash investments | $7,640,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,357 |
| 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 | $458,428 |
| Net Land, buildings, and equipment | $158,239 |
| Investments—publicly traded securities | $7,054,719 |
| Investments—other securities | $3,135,506 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,740 |
| Total assets | $18,912,774 |
| Accounts payable and accrued expenses | $1,294,795 |
| Grants payable | $0 |
| Deferred revenue | $4,734,986 |
| 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 | $935,050 |
| Other liabilities | $167,588 |
| Total liabilities | $7,132,419 |
| Net assets without donor restrictions | $11,780,355 |
| 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 | $18,912,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society Of Hospital Medicine has recieved totaling $67,891.
| Awarding Organization | Amount |
|---|---|
Northwestern University Evanston, IL PURPOSE: Support of research activities | $67,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Ohio School Boards Association Columbus, OH | $19,022,558 | $9,269,056 |
South Carolina Center For Fathers And Families Cleveland, OH | $2,234,846 | $8,447,371 |
Ohio Society Of Certified Public Accountants Columbus, OH | $10,948,438 | $7,921,101 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Delaware State Education Association Dover, DE | $9,815,225 | $5,886,540 |
National Association Of College Stores Inc Oberlin, OH | $6,119,937 | $5,949,877 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |
Council Of International Schools Inc Twinsburg, OH | $6,821,075 | $3,986,944 |