The Medical Alley Association
- Assets
- $3.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Golden Valley, MN
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 41-1531192
Organization Overview
The Medical Alley Association, operating under the name Medical Alley, is located in Golden Valley, MN. The organization was established in 1987. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2021, Medical Alley employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Alley 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 Alley generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
WE CHAMPION AND FACILITATE AN ENVIRONMENT THAT ENABLES HEALTH TECHNOLOGY AND CARE ORGANIZATIONS TO INNOVATE, SUCCEED, AND INFLUENCE THE EVOLUTION OF HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DEVELOPMENT - FOUNDED IN 1984, THE MEDICAL ALLEY ASSOCIATION (MAA) SUPPORTS AND ADVANCES THE GLOBAL LEADERSHIP OF MEDICAL ALLEY'S HEALTH INNOVATION AND CARE COMMUNITY. WE DELIVER THE COLLECTIVE INFLUENCE, INTELLIGENCE, AND INTERACTIONS THAT SUPPORT AND HELP MEDICAL ALLEY'S WORLD-CLASS COMPANIES GROW. MEMBERS OF MAA RECEIVE ACCESS TO INNOVATIVE LEADERS FROM ACROSS HEALTHCARE, EXCLUSIVE CONTENT AND INSIGHTS, PUBLIC POLICY EXPERTISE, AND NETWORKING OPPORTUNITIES TO MEET AND COLLABORATE WITH OTHER HEALTHCARE INNOVATORS. MAA KEEPS MEMBERS AHEAD OF THE REST OF THE INDUSTRY WITH UNIQUE RESEARCH, TIMELY INTERVIEWS WITH INDUSTRY LEADERS AND INNOVATORS, AND ANALYSIS OF BOTH FINANCIAL AND POLITICAL TRENDS. TO ENSURE OUR COMMUNITY HAS THE SUPPORT IT NEEDS FROM THE PUBLIC SECTOR, MAA BRINGS THE COLLECTIVE VOICE OF TIS MEMBERS DIRECTLY TO POLICYMAKERS AT ALL LEVELS OF GOVERNMENT, WORKING WITH PUBLIC OFFICIALS TO EDUCATE THEM ON ISSUES CRITICAL TO OUR MEMBERS AND BUILD BROAD COALITIONS OF SUPPORT TO HELP ENSURE THEY HAVE THE SUPPORT THEY NEED.
INDUSTRY CONFERENCES - IN ADDITION TO OUR OWN SLATE OF NETWORKING AND THOUGHT LEADERSHIP EVENTS, WE PARTNER WITH LEADING MEDIA ORGANIZATIONS TO BRING ATTENTION-GRABBING EVENTS TO MEDICAL ALLEY TO SHOWCASE THE WORK OF OUR COMMUNITY. IN 2021 WE ATTENDED AND PARTNERED ON A VARIETY OF EVENTS INCLUDING DMD, ADVAMED, MD&M, AND MEDCITY INVEST.
NETWORKED EVENTS - MEDICAL ALLEY IS MADE UP OF A VIBRANT COMMUNITY OF COLLABORATORS, EXPERTS, AND PEOPLE PASSIONATE ABOUT THE FUTURE OF HEALTHCARE. WE FOSTER AN ENVIRONMENT CONDUCIVE TO THE CONTINUED CREATION OF HIGH-QUALITY MEDICAL PRODUCTS, SERVICES, AND INNOVATIVE HEALTHCARE SOLUTIONS BY CREATING TIME AND SPACE FOR BUSY PROFESSIONALS TO MEET AND COLLABORATE. OUR EDUCATION AND NETWORKING EVENTS ATTRACTED HEALTHCARE LEADERS FROM ALL OVER MEDICAL ALLEY. IN 2021 WE WERE ABLE TO HOST ONE IN-PERSON EVENT, AN ALLEY CHATS EVENT AT ALLIANZ FIELD IN SEPTEMBER. THIS EVENT ATTRACTED OVER 100 HEALTHCARE PROFESSIONALS. DUE TO COVID-19 MEDICAL ALLEY HAS CONTINUED TO BRING ATTENDEES AND THIS HEALTHCARE COMMUNITY TOGETHER THROUGH VIRTUAL GATHERINGS, WEBINARS AND PODCASTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Patrick VP Of Strategic Growth & Policy | 40 | $196,222 | |
Frank Jaskulke VP Of Intelligence | 40 | $167,368 | |
Michelle Holker VP Of Operations | 40 | $157,493 | |
Steffen Hovard Interim President And CEO | OfficerTrustee | 40 | $116,883 |
Jim Rogers Board Chair | OfficerTrustee | 1 | $0 |
Jeff Mirviss Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collier's International Landlord | 12/30/21 | $138,043 |
Korn Ferry Executive Search Firm | 12/30/21 | $116,974 |
Media Bridge Advertising Firm | 12/30/21 | $103,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,974,334 |
| Investment income | $7,233 |
| 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 | $3,073,368 |
| 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. | $116,567 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,650,476 |
| Pension plan accruals and contributions | $18,974 |
| Other employee benefits | $183,503 |
| Payroll taxes | $156,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,952 |
| Advertising and promotion | $167,645 |
| Office expenses | $20,437 |
| Information technology | $96,752 |
| Royalties | $0 |
| Occupancy | $106,221 |
| Travel | $18,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,301 |
| Insurance | $12,195 |
| All other expenses | $0 |
| Total functional expenses | $3,036,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,057,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,461 |
| 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 | $180,334 |
| Net Land, buildings, and equipment | $165,803 |
| Investments—publicly traded securities | $371,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,001,630 |
| Accounts payable and accrued expenses | $167,065 |
| Grants payable | $0 |
| Deferred revenue | $1,832,743 |
| 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 | $87,548 |
| Total liabilities | $2,087,356 |
| Net assets without donor restrictions | $914,274 |
| 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 | $3,001,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Medical Alley Association Golden Valley, MN | $3,001,630 | $3,073,368 |
Together Wisconsin Acts Inc Milwaukee, WI | $1,041,867 | $3,266,313 |
Planned Parenthood Advocates Of Wisconsin Inc Milwaukee, WI | $376,256 | $1,806,402 |
Buyers Health Care Action Group Bloomington, MN | $185,937 | $591,575 |
React 19 Inc Mequon, WI | $142,761 | $694,051 |
Family Voices Of North Dakota Inc Edgeley, ND | $337,362 | $465,326 |
Donate Life Wisconsin Inc Madison, WI | $939,394 | $507,129 |
Albert Lea Healthcare Coalition Albert Lea, MN | $5,134,250 | $1,542,791 |
Minnesota Association Of Nurse Anesthetists Minneapolis, MN | $2,312,219 | $477,138 |
North Central Employers Healthcare Alliance Wausau, WI | $30,534 | $0 |
Duluth Aging Support Duluth, MN | $77,277 | $0 |
Newborn Foundation Saint Paul, MN | $56,824 | $69,442 |