Radioloy Business Management Association
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Fairfax, VA
- Founding
- 05/1970
- Data as of
- 12/2022
- EIN
- 23-7085044
Organization Overview
Radioloy Business Management Association is located in Fairfax, VA. The organization was established in 1970. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Radioloy Business Management Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radioloy Business Management 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 12/2022, Radioloy Business Management Association generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE PATIENT CARE AND THE MEDICAL PROFESSION THROUGH THE PURSUIT OF EXCELLENCE IN RADIOLOGY BUSINESS MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES & MEETINGS: EDUCATIONAL PROGRAMS TO KEEP MEMBERS ABREAST OF CHANGES IN THE PROFESSION, AND PROVIDE PEER-TO-PEER NETWORKING OPPORTUNITIES. RBMA HELD ONE LARGE ANNUAL CONFERENCE, THREE SMALLER EDUCATIONAL MEETINGS AND A VARIETY OF WEBINARS DURING 2022. THE CONFERENCE, MEETINGS AND WEBINARS COVER TOPICS RELEVANT TO THOSE IN THE RADIOLOGY BUSINESS MANAGEMENT INDUSTRY.
RBMA BULLETIN: A BI-MONTHLY JOURNAL THAT UPDATES THE PROFESSION ON DEVELOPMENTS AND BEST PRACTICES IN RADIOLOGY BUSINESS MANAGEMENT.
DATA COLLECTION AND REPORTING: RBMA PERFORMS AN ANNUAL SURVEY REGARDING RADIOLOGY BUSINESS ACCOUNTS RECEIVABLE PRACTICES AND SUMMARIZES RESULTS IN A PUBLISHED STUDY TO PROVIDE BUSINESS PERFORMANCE BENCHMARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Wilson President | OfficerTrustee | 0.5 | $0 |
Christopher Kit Crancer President Elect | OfficerTrustee | 0.5 | $0 |
Stacy Sanso Secretary | OfficerTrustee | 0.5 | $0 |
C Chad Wiggins Treasurer | OfficerTrustee | 0.5 | $0 |
Elaine Lewis Director | Trustee | 0.5 | $0 |
Barbara Perez Deppman Director | Trustee | 0.5 | $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 | $2,057,323 |
| Investment income | $27,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $48,024 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,131 |
| 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. | $287,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $583,511 |
| Pension plan accruals and contributions | $24,233 |
| Other employee benefits | $68,497 |
| Payroll taxes | $55,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,562 |
| Fees for services: Accounting | $86,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,055 |
| Fees for services: Other | $340,867 |
| Advertising and promotion | $48,541 |
| Office expenses | $122,486 |
| Information technology | $140,808 |
| Royalties | $0 |
| Occupancy | $50,679 |
| Travel | $89,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $478,043 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,101 |
| Insurance | $14,935 |
| All other expenses | $5,254 |
| Total functional expenses | $2,492,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,901 |
| Savings and temporary cash investments | $253,459 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,309 |
| 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 | $201,197 |
| Net Land, buildings, and equipment | $24,052 |
| Investments—publicly traded securities | $928,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,973,691 |
| Accounts payable and accrued expenses | $223,759 |
| Grants payable | $0 |
| Deferred revenue | $812,740 |
| 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 | $73,422 |
| Total liabilities | $1,109,921 |
| Net assets without donor restrictions | $863,770 |
| 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 | $1,973,691 |