Summit County Medical Society
- Assets
- $12.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 34-1807135
Organization Overview
Summit County Medical Society is located in Akron, OH. The organization was established in 1996. 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. Summit County Medical Society 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, Summit County Medical Society generated $27.7k 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 (12.2%) each year. All expenses for the organization totaled $20.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Waleed Nemer MD President | 2 | $0 | |
Ihsan Haque MD Treasurer | 1 | $0 | |
Cindy Spanos Secretary/tr | 5 | $1,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100 |
| Membership dues | $27,553 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,653 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,189 |
| Professional fees and other payments to independent contractors | $3,926 |
| Occupancy, rent, utilities, and maintenance | $13,070 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,354 |
| Total expenses | $20,539 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,877 |
| Other assets | $0 |
| Total assets | $12,548 |
| Total liabilities | $17 |
| Net assets or fund balances | $12,531 |