Mgma-Acmpe
- Assets
- $63.6m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 152
- Location
- Englewood, CO
- Founding
- 03/2012
- Data as of
- 06/2023
- EIN
- 45-2766110
Organization Overview
Mgma-Acmpe is located in Englewood, CO. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Mgma-Acmpe employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mgma-Acmpe 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, Mgma-Acmpe generated $40.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $34.4m during the year ending 06/2023. While expenses have increased by 3.4% 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
SERVE MEMBERS, CUSTOMERS, AND THE HEALTHCARE COMMUNITY AS A TRUSTED PARTNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - AS THE ASSOCIATION FOR PROFESSIONALS IN THE FIELD OF MEDICAL GROUP PRACTICE ADMINISTRATION, THE ASSOCIATION PROVIDED SERVICES TO ITS MEMBERS INCLUDING COMMUNICATIONS ON PERTINENT ISSUES OF THE PROFESSION, INFORMATION ON PRODUCTS AND SERVICES AND OTHER ACTIVITIES TO PROMOTE THE MEDICAL GROUP PRACTICE ADMINISTRATION INDUSTRY AND ITS MEMBERS. WITH A MEMBERSHIP OF MORE THAN 60,000 MEDICAL PRACTICE ADMINISTRATORS, EXECUTIVES, AND LEADERS, MGMA REPRESENTS MORE THAN 15,000 GROUP MEDICAL PRACTICES RANGING FROM SMALL PRIVATE MEDICAL PRACTICES TO LARGE NATIONAL HEALTH SYSTEMS REPRESENTING MORE THAN 350,000 PHYSICIANS. IN ADDITION, THE ASSOCIATION'S GOVERNMENT AFFAIRS STAFF MONITORED AND ENGAGED IN ADVOCACY EFFORTS RELATED TO FEDERAL LEGISLATION AND REGULATIONS THAT AFFECT MEDICAL GROUP PRACTICES. THE GOVERNMENT AFFAIRS STAFF ALSO EDUCATED THE MEMBERSHIP ON HEALTH CARE NEWS, EVENTS AND CHANGING FEDERAL REQUIREMENTS. THEY PUBLISHED APPROXIMATELY 54 EDUCATIONAL ELECTRONIC NEWSLETTERS WITH AN AVERAGE CIRCULATION OF APPROXIMATELY 40,100.
EDUCATION AND CERTIFICATION -THE ASSOCIATION PROVIDED MEDICAL PRACTICE MANAGEMENT ADMINISTRATION EDUCATION TO APPROXIMATELY 16,000 ATTENDEES, PRESENTING EDUCATION VIA FORMAL CLASSROOM PROGRAMMING ON A NATIONAL, REGIONAL AND STATE BASIS. THE ASSOCIATION PROVIDED EDUCATION FOR 2,000 ATTENDEES AT FACE-TO-FACE EVENTS AND 2,700 AT DIGITAL CONFERENCES. COMPUTER-BASED AND AUDIO-CONFERENCE TRAINING WAS PRESENTED TO APPROXIMATELY 11,300 ATTENDEES.IN ADDITION, CERTIFICATES, BOARD CERTIFICATION, AND FELLOWSHIP LEVEL CERTIFICATION ARE OFFERED TO MEMBERS THROUGH MEETING ESTABLISHED CORE COMPETENCIES AND OBJECTIVES IDENTIFIED FOR THE INDUSTRY BY OUR CREDENTIALING BODY. A TOTAL OF 314 CERTIFICATES WERE COMPLETED, 477 EXAM COMPONENTS WERE GIVEN TO EXAMINEES, 53 MEMBERS RECEIVED BOARD CERTIFICATION DURING FY23 AND 170 CERTIFIED MEMBERS WERE ADVANCED TO FELLOW STATUS.
SURVEYS AND PUBLICATIONS - THE ASSOCIATION CONDUCTED ANNUAL SURVEYS DESIGNED TO PROVIDE CRITICAL INFORMATION FOR BUSINESS PLANNING, MANAGEMENT, STAFFING AND COMPENSATION PURPOSES. THE ASSOCIATION PUBLISHED 6 ELECTRONIC AND 1 PRINTED SURVEY REPORTS PRESENTING BENCHMARKING DATA AND SOLD APPROXIMATELY 4,100 SURVEYS. IN ADDITION, THE ASSOCIATION PUBLISHED PRINT AND EBOOKS AND SOLD APPROXIMATELY 5,100 MANUALS AND TEXTBOOKS ON MEDICAL PRACTICE MANAGEMENT TOPICS, INCLUDING RESOURCES FROM OTHER PUBLISHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Halee Fischer-Wright President/ceo | Officer | 40 | $1,562,399 |
Ronald Holder COO | Officer | 40 | $596,682 |
Akash Madiah CFO | Officer | 40 | $530,886 |
Anders Gilberg Sr Vp, Government Affairs | 40 | $416,399 | |
Andrew Swanson Sr Vp, Product Strategy & Sales | Officer | 40 | $360,901 |
Tracy Watrous Vp, Association Product Development | Officer | 40 | $312,652 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Enhancements Inc It Services And Support | 6/29/23 | $969,300 |
Blue Modus It Services And Support | 6/29/23 | $686,446 |
Encore Global Conference Audio Visual Services | 6/29/23 | $609,363 |
Levy Restaurants Conference Catering Services | 6/29/23 | $383,224 |
Hyatt Regency Grand Cypress Event Hosting/management | 6/29/23 | $334,474 |
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 | $35,572,379 |
| Investment income | $866,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,289,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,179,880 |
| 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. | $4,527,757 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,798,606 |
| Pension plan accruals and contributions | $693,900 |
| Other employee benefits | $2,140,390 |
| Payroll taxes | $1,043,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,238 |
| Fees for services: Accounting | $123,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,478 |
| Fees for services: Other | $2,620,829 |
| Advertising and promotion | $1,201,949 |
| Office expenses | $583,987 |
| Information technology | $2,190,054 |
| Royalties | $32,623 |
| Occupancy | $1,670,089 |
| Travel | $429,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,536,980 |
| Interest | $463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,587 |
| Insurance | $229,681 |
| All other expenses | $168,378 |
| Total functional expenses | $34,362,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,260,297 |
| Savings and temporary cash investments | $4,473,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,986,580 |
| 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 | $977,292 |
| Net Land, buildings, and equipment | $1,591,058 |
| Investments—publicly traded securities | $37,185,546 |
| Investments—other securities | $0 |
| Investments—program-related | $9,634,279 |
| Intangible assets | $0 |
| Other assets | $4,460,648 |
| Total assets | $63,568,753 |
| Accounts payable and accrued expenses | $2,783,761 |
| Grants payable | $0 |
| Deferred revenue | $11,406,465 |
| 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 | $2,481,003 |
| Total liabilities | $16,671,229 |
| Net assets without donor restrictions | $46,897,524 |
| 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 | $63,568,753 |