Kentucky Medical Assn
- Assets
- $6.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Louisville, KY
- Founding
- 12/1941
- Data as of
- 06/2021
- EIN
- 61-0246800
Organization Overview
Kentucky Medical Assn is located in Louisville, KY. The organization was established in 1941. 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 06/2021, Kentucky Medical Assn employed 13 individuals. This organization is the central organization for a national or regional group of organizations. Kentucky Medical Assn 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 06/2021, Kentucky Medical Assn generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kentucky Medical Assn has awarded 12 individual grants totaling $121,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KENTUCKY MEDICAL ASSOCIATION PROVIDES PHYSICIAN ADVOCACY THROUGH GOVERNMENTAL INTERACTION, LEGAL INTERVENTION, AND PUBLIC EDUCATION, AS WELL AS PROVIDING PHYSICIAN EDUCATION THROUGH PERIODIC WORKSHOPS/SEMINARS, AN ANNUAL CONVENTION WITH EDUCATIONAL SEMINARS, AND VARIOUS PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY ACTIVITIES: THE KMA PROVIDES PHYSICIAN ADVOCACY THROUGH LEGISLATIVE ACTIVITIES AND LOBBYING FOR PHYSICIAN INTERESTS WITH THE STATE LEGISLATURE, AND THROUGH PUBLIC EDUCATION ACTIVITIES.
ANNUAL CONVENTION: THE KMA PROVIDES PHYSICIAN EDUCATION AND INTERACTION BY WAY OF EDUCATIONAL SEMINARS AND OTHER MEETINGS AT AN ANNUAL CONVENTION.
COMMUNICATION: THE KMA PROVIDES TIMELY INFORMATION ABOUT HEALTH CARE NEWS AND TRENDS TO PHYSICIANS IN KENTUCKY THROUGH SOCIAL MEDIA AND ELECTRONIC AND PRINT COMMUNICATIONS. THE KMA USES THOSE COMMUNICATION PLATFORMS TO PROVIDE IMPORTANT PUBLIC HEALTH INFORMATION TO PHYSICIANS AND THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick T Padgett Executive Vice President | Officer | 55 | $242,415 |
Cory W Meadows Deputy Executive Vice President | 55 | $127,697 | |
Evelyn M Jones MD Trustee At Large, 1st District Trustee | OfficerTrustee | 1 | $0 |
K John Yun MD Trustee At Large, 4th District Trustee | OfficerTrustee | 1 | $0 |
Monalisa M Tailor MD Vice Speaker, House Of Delegates | OfficerTrustee | 2 | $0 |
Shirishkumar N Patel MD 2nd District Trustee | OfficerTrustee | 1 | $0 |
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 | $41,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,886 |
| Total Program Service Revenue | $2,001,063 |
| Investment income | $40,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $53,419 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,527,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,500 |
| 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. | $264,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $839,612 |
| Pension plan accruals and contributions | $38,242 |
| Other employee benefits | $70,874 |
| Payroll taxes | $77,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $192 |
| Fees for services: Accounting | $13,740 |
| Fees for services: Lobbying | $117,556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,486 |
| Advertising and promotion | $6,500 |
| Office expenses | $36,305 |
| Information technology | $71,100 |
| Royalties | $0 |
| Occupancy | $186,750 |
| Travel | $1,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,042 |
| Insurance | $20,021 |
| All other expenses | $0 |
| Total functional expenses | $2,041,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,946 |
| Savings and temporary cash investments | $1,561,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,010 |
| 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 | $45,960 |
| Net Land, buildings, and equipment | $83,601 |
| Investments—publicly traded securities | $3,393,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,977,584 |
| Accounts payable and accrued expenses | $146,981 |
| Grants payable | $0 |
| Deferred revenue | $963,569 |
| 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 | $1,515,084 |
| Total liabilities | $2,625,634 |
| Net assets without donor restrictions | $3,140,090 |
| Net assets with donor restrictions | $211,860 |
| 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 | $5,977,584 |
Grants Awarded
Over the last fiscal year, Kentucky Medical Assn has awarded $26,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, KY PURPOSE: GENERAL SUPPORT | $15,000 |
Louisville, KY PURPOSE: MARKETING | $6,500 |
Frankfort, KY PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Medical Assn has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Federation Of State Medical Boards Research & Education Foundation Euless, TX PURPOSE: PROVIDE CME FOCUSED ON ACCESS TO TREATMENT, CHANGES TO TREATMENT AND THE INCREASE IN MISUSE/ABUSE OF DRUGS DURING COVID-19. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Chest Physicians Glenview, IL | $44,983,631 | $16,629,705 |
Academy Of General Dentistry Chicago, IL | $42,353,738 | $16,214,063 |
American Association For Accreditation Of Ambulatory Surger Gurnee, IL | $14,762,694 | $10,355,412 |
American Association Of Equine Practitioners Lexington, KY | $8,765,231 | $7,398,673 |
American Dental Hygientists Association Chicago, IL | $4,138,948 | $5,518,461 |
National Certification Corporation For Obstetric Gynecologic & Neonat Chicago, IL | $33,466,629 | $9,072,961 |
Orthopedic Foundation For Animals Columbia, MO | $9,920,954 | $4,913,503 |
American Board Of Urology Inc Charlottesville, VA | $17,461,531 | $4,211,450 |
Orthopedic Trauma Association Inc Rosemont, IL | $18,754,777 | $3,722,577 |
American Board Of Preventive Medicine Chicago, IL | $17,000,125 | $5,893,663 |
American Institute For Radiologic Pathology Inc Reston, VA | $1,124,413 | $2,465,118 |
Center For Eating Disorders & Psychotherapy Columbus, OH | $2,140,567 | $2,172,592 |