Chattanooga & Hamilton County Medical Society Inc
- Assets
- $3.2m
- Revenue
- $267.0k
- Investments
- $2.4m
- Employees
- 6
- Location
- Chattanooga, TN
- Founding
- 09/1953
- Data as of
- 12/2021
- EIN
- 62-0526054
Organization Overview
Chattanooga & Hamilton County Medical Society Inc is located in Chattanooga, TN. The organization was established in 1953. 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, Chattanooga & Hamilton County Medical Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga & Hamilton County Medical Society Inc 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, Chattanooga & Hamilton County Medical Society Inc generated $267.0k 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 (10.9%) each year. All expenses for the organization totaled $219.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 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 MEDICAL SOCIETY OF CHATTANOOGA AND HAMILTON COUNTY IS AN ADVOCATE FOR THE SUCCESS OF PHYSICIANS AND FOR THE CONTINUAL IMPROVEMENT OF COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL IS TO ELEVATE AND CLARIFY THE OPINIONS OF PHYSICIANS IN SCIENCE, PUBLIC HEALTH AND TO PROMOTE AN OBSERVANCE OF THE CODE OF MEDICAL ETHICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rae Young Bond Executive Director | Officer | 40 | $172,050 |
Carlos Baleeiro MD President | OfficerTrustee | 1 | $0 |
James Haynes MD Past President | OfficerTrustee | 1 | $0 |
Melanie Blake MD Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Colleen Schmitt MD Director | Trustee | 1 | $0 |
Justin Calvert MD Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $222,194 |
| Investment income | $23,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,477 |
| 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 | $266,996 |
| 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. | $58,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,612 |
| Pension plan accruals and contributions | $3,295 |
| Other employee benefits | $18,542 |
| Payroll taxes | $9,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174 |
| Advertising and promotion | $539 |
| Office expenses | $3,683 |
| Information technology | $3,282 |
| Royalties | $0 |
| Occupancy | $2,207 |
| Travel | $3,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,261 |
| Insurance | $1,978 |
| All other expenses | $2,701 |
| Total functional expenses | $219,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,462 |
| Savings and temporary cash investments | $170,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,861 |
| 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 | $5,109 |
| Net Land, buildings, and equipment | $102,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,352,473 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $3,225,776 |
| Accounts payable and accrued expenses | $22,919 |
| Grants payable | $0 |
| Deferred revenue | $110,373 |
| 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 | $0 |
| Total liabilities | $133,292 |
| Net assets without donor restrictions | $3,092,484 |
| 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 | $3,225,776 |
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|---|---|---|
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American Society For Reproductive Medicine Birmingham, AL | $81,283,554 | $11,441,954 |
American Association Of Equine Practitioners Lexington, KY | $8,765,231 | $7,398,673 |
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Hinman Dental Society Of Atlanta Inc Atlanta, GA | $11,294,917 | $4,619,424 |
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American Board Of Urology Inc Charlottesville, VA | $17,461,531 | $4,211,450 |
Medical Association Of Georgia Atlanta, GA | $6,231,218 | $3,001,949 |
Mississippi State Medical Association Ridgeland, MS | $4,974,569 | $3,530,839 |
National Association Of Emergency Medical Technicians Clinton, MS | $4,865,484 | $3,380,244 |
American Institute For Radiologic Pathology Inc Reston, VA | $1,124,413 | $2,465,118 |