Medical Fitness Association
- Assets
- $46.5k
- Revenue
- $383.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Pinehurst, NC
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 36-4259889
Organization Overview
Medical Fitness Association is located in Pinehurst, NC. The organization was established in 2005. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Medical Fitness Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Fitness 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, Medical Fitness Association generated $383.3k 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 (4.6%) each year. All expenses for the organization totaled $390.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPPORTUNITY FOR DIALOGUE, EDUCATION AND TRAINING, ADVANCEMENT AND IMPROVEMENT OF ALL ASPECTS OF THE MEDICAL FITNESS INDUSTRY THROUGH MEETINGS, SEMINARS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNNUAL CONFERENCE - 28TH ANNUAL MFA INTERNATIONAL CONFERENCE. OVER 270 REGISTERED AND 250 MEMBERS IN ATTENDANCE. APPROXIMATELY 35 EDUCATIONAL SESSIONS OFFERED IN FIVE TRACKS, PLUS A PHYSICIAN TRACK.
FACILITY CERTIFICATION - PROVIDED EXAMINATIONS AND VAIDATION OF CERTIFIED FACILITIES IN 18 FACILITIES. THIS CERTIFICATION PROCESS SERVES AS A "GOOD HOUSEKEEPING SEAL OF APPROVAL" FOR MEDICALLY INTEGRATED FITNESS FACILITIES TO HELP ENGENDER TRUST AND THE ABILITY TO OBTAIN REFERRALS FROM THE MEDICAL COMMUNITY FOR PATIENTS NEEDING EXERCISE PRESCRIPTIONS OR TREATMENT OF THEIR CHRONIC DISEASES THROUGH EXERCISE. ALSO BEGAN WORK ON NEW PROFESSIONAL FITNESS FACILITY AND MEDICAL FITNESS FACILITY DIRECTOR CREDENTIAL.
REGIONAL MEETINGS & MEDICAL FITNESS INSTITUTE - APPROXIMATELY 300 MEMBERS SERVED IN FOUR REGIONAL EVENTS, PLUS MEDICAL FITNESS INSTITUTE REGIONAL CONFERENCES AND WORKSHOPS FOR EXERCISE IS MEDICINE. APPROXIMATELY 10 EDUCATIONAL SESSIONS WERE OFFERED AT EACH. REGIONAL CONFERENCES OFFER ONE OF THE MOST EFFECTIVE WAYS TO STAY UP-TO-DATE WITH THE LATEST APPROACHES TO MEDICAL FITNESS OPERATIONS AND PROGRAMMING. THEY ALLOW EVERYONE TO LEARN FROM EACH OTHER AND NETWORK WITH PEOPLE AND ORGANIZATIONS DEDICATED TO MEDICAL FITNESS. THE MEDICAL FITNESS INSTITUTE IS A PROGRAM SPONSORED BY THE MEDICAL FITNESS ASSOCIATION FOCUSING ON A VARIETY OF TOPICS THAT DIRECTLY RELATE TO HEALTH, THE OPERATIONAL SUCCESS OF MEDICAL FITNESS CENTERS, AND THE DEVELOPMENT OF INDUSTRY LEADERS FOR THIS GROWING FIELD.
SURVEYS & RESEARCH REPORTS - CONDUCT SURVEYS ON TOPICS IMPORTANT TO THE DECISION MAKERS IN THIS COMMUNITY. BENCHMARKS FOR SUCCESS IS THE ONLY NATIONAL, COMPREHENSIVE SURVEY OF MEDICALLY INTEGRATED FITNESS AND WELLNESS CENTERS. THE PUBLICATION IS DESIGNED FOR MEDICALLY INTEGRATED FITNESS AND FITNESS AND REHABILITATION PROFESSIONALS, HEALTHCARE BUSINESS DEVELOPMENT EXECUTIVES, MEDICAL PRACTITIONERS, AND OTHERS IN THE FIELD OF FITNESS, WELLNESS, AND LIFESTYLE MANAGEMENT. PROVIDES A COMPREHENSIVE OVERVIEW OF THE STATE OF THE INDUSTRY, SERVES AS A STARTING POINT FOR BENCHMARKING FOR MEDICAL FITNESS FACILITIES, AND CAN HELP GUIDE THE DEVELOPMENT OF MEDICAL FITNESS CENTER PROJECTS AND COLLABORATIONS, MEMBERSHIP PROVIDED EDUCATION AND WEBINARS, NEWSLETTERS, SURVEYS, NETWORKING OPPORTUNITIES, REGIONAL CONFERENCES, ANNUAL MANAGEMENT CONFERENCE, PUBLICATIOS, BENCHMARK DATA, AND PERSONALIZED RESPONSES TO INQUIRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Flench President & CEO | Officer | 40 | $87,398 |
Jeff Jeran Chair | Trustee | 1 | $0 |
Collette Carter Secretary / Treasurer | Trustee | 1 | $0 |
Jennifer Lavoie Immediate Past Chair | Trustee | 1 | $0 |
Kevin Mchugh Director / Trustee | Trustee | 0.5 | $0 |
Hervey Lavoie Director / Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,500 |
| 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 | $48,500 |
| Total Program Service Revenue | $334,161 |
| Investment income | $672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $383,333 |
| 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. | $87,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,848 |
| Payroll taxes | $18,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $2,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,496 |
| Office expenses | $21,248 |
| Information technology | $4,245 |
| Royalties | $0 |
| Occupancy | $14,092 |
| Travel | $1,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,402 |
| Interest | $815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,038 |
| Insurance | $1,475 |
| All other expenses | $0 |
| Total functional expenses | $390,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,478 |
| 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 | $11,180 |
| Net Land, buildings, and equipment | $1,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,000 |
| Other assets | -$47,841 |
| Total assets | $46,497 |
| Accounts payable and accrued expenses | $36,931 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,278 |
| Total liabilities | $39,209 |
| Net assets without donor restrictions | $7,288 |
| 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 | $46,497 |
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