The Medical Alley Association
- Assets
- $3.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Golden Valley, MN
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 41-1531192
Organization Overview
The Medical Alley Association, operating under the name Medical Alley, is located in Golden Valley, MN. The organization was established in 1987. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2023, Medical Alley employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Alley 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 12/2023, Medical Alley generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
MEDICAL ALLEY IS THE MOST DIVERSE AND INFLUENTIAL HEALTHCARE NETWORK IN THE WORLD. AS SUCH, WE HAVE AN UNRIVALED ABILITY TO CREATE TRANSFORMATION IN THE HEALTH ECOSYSTEM THROUGH OUR STARTS AND GLOBAL PROGRAM, HEALTHCARE TRANSFORMATION INITIATIVE, AND OUR GOVERNMENT AFFAIRS AND POLICY INVOLVEMENT ALONG WITH THE EDUCATION AND CONNECTIONS PROVIDED AS PART OF OUR NETWORK PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORK: OUR MEMBERS HAVE ACCESS TO EVENTS AND GATHERINGS, MEDICAL ALLEY CONNECTS, INVESTOR OUTREACH AND START-UP MENTORING, TALENT PLACEMENT AND JOB POSTINGS, SUPPLIES AND PARTNER SOURCING, AND ECONOMIC DEVELOPMENT ASSISTANCE.
HEALTH TRANSFORMATION INITIATIVE: HTI@MA BRINGS LEADERS FROM THE MEDICAL ALLEY COMMUNITY TOGETHER TO TRANSFORM HEALTHCARE BY FOCUSING ON A SPECIFIC ISSUE OR IDEA. FOR EXAMPLE, HTI@MA IS CURRENTLY EXPLORING BARRIERS THAT INHIBIT THE DIVERSIFICATION OF MINNESOTA'S MENTAL AND BEHAVIORAL HEALTH WORKFORCE.
MEDICAL ALLEY STARTS: SINCE ITS INCEPTION, MEDICAL ALLEY STARTS HAS ASSISTED HUNDREDS OF EARLY-STAGE COMPANIES WITH INVESTOR INTRODUCTIONS, CORPORATE DEVELOPMENT CONNECTIONS, AND SUPPLIER REFERRALS. IN ADDITION, MEDICAL ALLEY GLOBAL PROVIDES A WIDE VARIETY OF SERVICES FOR COMPANIES AND ENTREPRENEURS WORLDWIDE. WE REGULARLY PARTNER WITH ORGANIZATIONS ACROSS THE GLOBE TO ADVANCE THEIR BUSINESSES AND HEALTHCARE FOR PEOPLE EVERYWHERE.
GOVERNMENT AFFAIRS AND POLICY: OUR POLICY TEAM WORKS WITH STATE AND FEDERAL DECISION-MAKERS TO FORWARD POLICIES THAT BENEFIT PATIENTS, HEALTH PROFESSIONALS, INNOVATION IN HEALTHCARE, AND GLOBAL ECONOMIC TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Hubler Chair | OfficerTrustee | 1 | $0 |
Jim Rogers Board Chair | OfficerTrustee | 1 | $0 |
James Hereford Vice Chair | OfficerTrustee | 1 | $0 |
Amy Ronneberg Treasurer | OfficerTrustee | 1 | $0 |
Chris Landon Secretary | OfficerTrustee | 1 | $0 |
Milton Boyer Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael C Morton Regulatory Consulting Government Affairs & Policy Consulting | 12/30/22 | $138,010 |
Craig Pladson Llc Interim Branding And Marketing Consultin | 12/30/22 | $130,020 |
Elizabeth Shaw Llc Executive Administrator Services | 12/30/22 | $127,430 |
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 | $4,420,323 |
| Investment income | $82,299 |
| 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 | $4,510,928 |
| 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. | $365,787 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,460,631 |
| Pension plan accruals and contributions | $34,287 |
| Other employee benefits | $114,098 |
| Payroll taxes | $129,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,402 |
| Fees for services: Accounting | $153,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,606 |
| Advertising and promotion | $495,360 |
| Office expenses | $33,671 |
| Information technology | $145,697 |
| Royalties | $0 |
| Occupancy | $143,985 |
| Travel | $146,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $758,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,831 |
| Insurance | $19,732 |
| All other expenses | $0 |
| Total functional expenses | $4,493,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,173 |
| Savings and temporary cash investments | $2,050,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,019 |
| 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 | $144,986 |
| Net Land, buildings, and equipment | $114,782 |
| Investments—publicly traded securities | $669,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,793 |
| Total assets | $3,588,917 |
| Accounts payable and accrued expenses | $262,075 |
| Grants payable | $0 |
| Deferred revenue | $1,692,635 |
| 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 | $151,208 |
| Total liabilities | $2,105,918 |
| Net assets without donor restrictions | $1,482,999 |
| 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 | $3,588,917 |