Utah Medical Association
- Assets
- $4.8m
- Revenue
- $2.5m
- Investments
- $1.0k
- Employees
- 8
- Location
- Salt Lake City, UT
- Founding
- 05/1947
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Utah Medical Association generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
2022
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.
ALL OTHER MEMBER SERVICES - INCLUDING RECRUITMENT AND RETENTION, SPECIAL SECTION PROGRAMS, AND OTHER CONFERENCES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle S Mcomber MBA Cae CEO | Officer | 40 | $266,379 |
Mark Brinton ESQ General Counsel | 40 | $138,811 | |
Mark Fotheringham VP Communications | 40 | $123,752 | |
Sharon Richens MD Past President | Officer | 2 | $9,350 |
Noel C Nye DO President | OfficerTrustee | 2 | $3,850 |
Mark Greenwood MD President-Elect | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,268,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,500 |
| Total Program Service Revenue | $98,482 |
| Investment income | $100,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $529,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,832 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,472,717 |
| 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. | $279,579 |
| Compensation of current officers, directors, key employees. | $83,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,449 |
| Pension plan accruals and contributions | $129,609 |
| Other employee benefits | $75,775 |
| Payroll taxes | $70,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,391 |
| Fees for services: Lobbying | $125,372 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,385 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,622 |
| Office expenses | $6,154 |
| Information technology | $31,194 |
| Royalties | $0 |
| Occupancy | $257,781 |
| Travel | $33,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,697 |
| Insurance | $13,640 |
| All other expenses | $47,099 |
| Total functional expenses | $1,773,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,060 |
| Savings and temporary cash investments | $1,442,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,632 |
| 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 | $1,218,731 |
| Investments—publicly traded securities | $1,624,531 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,023 |
| Total assets | $4,765,072 |
| Accounts payable and accrued expenses | $83,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $441,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,900 |
| Total liabilities | $535,267 |
| Net assets without donor restrictions | $4,229,474 |
| Net assets with donor restrictions | $331 |
| 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 | $4,765,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Medical Association has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
American Medical Association Chicago, IL PURPOSE: SCOPE OF PRACTICE PARTNERSHIP GRANT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Board Of Radiology Incorporated Tucson, AZ | $49,332,645 | $17,740,900 |
Obesity Medicine Associaiton Centennial, CO | $8,040,393 | $4,097,525 |
Colorado Medical Society Denver, CO | $3,998,849 | $2,980,232 |
American College Of Medical Toxicology Inc Phoenix, AZ | $3,107,408 | $2,754,430 |
Metropolitan Denver Dental Society Denver, CO | $2,172,938 | $1,891,245 |
Colorado Dental Association Greenwood Village, CO | $2,693,179 | $2,065,370 |
Utah Medical Association Salt Lake City, UT | $4,765,072 | $2,472,717 |
Arizona Dental Association Scottsdale, AZ | $5,092,269 | $2,108,867 |
New Mexico Medical Society Albuquerque, NM | $2,382,058 | $1,234,504 |
Society Of Forensic Toxicologist Inc Mesa, AZ | $1,199,809 | $977,087 |
Utah Dental Association Woods Cross, UT | $3,605,222 | $1,138,686 |
Arizona Osteopathic Medical Association Phoenix, AZ | $1,876,184 | $985,859 |