Utah Medical Association
- Assets
- $5.9m
- Revenue
- $1.9m
- Investments
- $1.0k
- Employees
- 8
- Location
- Salt Lake City, UT
- Founding
- 05/1947
- Data as of
- 06/2023
- EIN
- 87-0204459
Organization Overview
Utah Medical Association is located in Salt Lake City, UT. The organization was established in 1947. 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 06/2023, Utah Medical Association employed 8 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Utah Medical Association 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 06/2023, Utah Medical Association generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UTAH MEDICAL ASSOCIATION IS A PROFESSIONAL RESOURCE FOR MEMBER PHYSICIANS, PROVIDING EDUCATIONAL OPPORTUNITIES AND DISSEMINATION OF MEDICAL KNOWLEDGE AND PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - INVOLVEMENT IN LEGISLATIVE, REGULATORY, AND OTHER AREAS OF LAW THAT HAVE AN EFFECT ON THE MEDICAL PROFESSION.
COMMUNICATIONS AND PUBLICATIONS - PROVIDING IMPORTANT COMMUNICATIONS REGARDING THE ORGANIZATION AND THE INDUSTRY TO MEMBERSHIP, INCLUDING THE PUBLISHING OF A MEMBER DIRECTORY, MONTHLY BULLETINS, AND MAINTAINING OF THE ORGANIZATION'S WEBSITE.
EDUCATION - PROVIDING QUALITY CONTINUING MEDICAL EDUCATION PROGRAMS AND EDUCATIONAL RESOURCES TO THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle S Mcomber MBA Cae CEO | Officer | 40 | $283,564 |
Mark Brinton ESQ General Counsel | 40 | $147,252 | |
Mark Fotheringham VP Communications | 40 | $132,398 | |
Noel C Nye DO Past President | Officer | 2 | $9,650 |
Mark Greenwood MD President | Officer | 2 | $3,550 |
Sarah Woolsey MD Vice Speaker | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,202,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,665 |
| Total Program Service Revenue | $82,803 |
| Investment income | $76,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$461 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,919,638 |
| 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. | $296,764 |
| Compensation of current officers, directors, key employees. | $100,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $636,212 |
| Pension plan accruals and contributions | $126,042 |
| Other employee benefits | $97,823 |
| Payroll taxes | $75,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,420 |
| Fees for services: Lobbying | $114,059 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,227 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,582 |
| Office expenses | $1,971 |
| Information technology | $18,074 |
| Royalties | $0 |
| Occupancy | $281,062 |
| Travel | $47,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,240 |
| Insurance | $14,062 |
| All other expenses | $48,133 |
| Total functional expenses | $1,935,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,663 |
| Savings and temporary cash investments | $61,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,672 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,623,851 |
| Investments—publicly traded securities | $1,773,822 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,606 |
| Total assets | $5,872,032 |
| Accounts payable and accrued expenses | $91,194 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $1,406,002 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,980 |
| Total liabilities | $1,574,176 |
| Net assets without donor restrictions | $4,297,856 |
| 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 | $5,872,032 |