Virginia Medical Group Management Assosciation
- Assets
- $218.7k
- Revenue
- $230.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Sandston, VA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 54-1878008
Organization Overview
Virginia Medical Group Management Assosciation is located in Sandston, VA. The organization was established in 1998. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2022, Virginia Medical Group Management Assosciation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Medical Group Management Assosciation 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, Virginia Medical Group Management Assosciation generated $230.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $222.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
THE MISSION OF THE VIRGINIA MGMA IS TO ADVANCE MEDICAL PRACTICE MANAGEMENT, SO AS TO IMPROVE THE DELIVERY OF HEALTHCARE. A KEY ELEMENT IN ACHIEVING THIS GOAL IS EDUCATION. THE VIRGINIA MGMA IS WELL-RESPECTED FOR ITS HIGH- QUALITY CONTINUING EDUCATIONAL PROGRAMS HELD REGULARLY, IN CITIES THROUGHOUT THE COMMONWEALTH. WE OFFER HEALTH CARE MANAGERS A FORUM FOR ADDRESSING ISSUES RELATED TO THE HEALTHCARE INDUSTRY AND PROVIDE NETWORKING AND CONTINUING EDUCATION OPPORTUNITIES TO MEMBERS, THEREBY IMPROVING MANAGEMENT IN MEDICAL PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VMGMA IS COMMITTED TO ASSISTING HEALTH CARE PROFESSIONALS SUCCEED IN PRACTICE MANAGEMENT THROUGH ENHANCING THEIR KNOWLEDGE AND SKILLS WHILE EXPANDING THEIR CONTACT WITH FELLOW MEMBERS AND ASSOCIATES.
VMGMA IS COMMITTED TO ASSISTING HEALTH CARE PROFESSIONALS SUCCEED IN PRACTICE MANAGEMENT THROUGH ENHANCING THEIR KNOWLEDGE AND SKILLS WHILE EXPANDING THEIR CONTACT WITH FELLOW MEMBERS AND ASSOCIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Della Collins Board Member | Trustee | 1 | $0 |
Donna Diaz President | OfficerTrustee | 2 | $0 |
Sharon Smith Board Member | Trustee | 1 | $0 |
Jack Morana Vice Preside | OfficerTrustee | 2 | $0 |
Deidra Mann Board Member | Trustee | 1 | $0 |
Alka Kumar Secretary | OfficerTrustee | 2 | $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 | $230,125 |
| Investment income | $198 |
| 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 | $230,623 |
| 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. | $49,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $483 |
| Advertising and promotion | $9,121 |
| Office expenses | $2,956 |
| Information technology | $1,204 |
| Royalties | $0 |
| Occupancy | $2,171 |
| Travel | $11,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,886 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177 |
| Insurance | $2,841 |
| All other expenses | $1,600 |
| Total functional expenses | $222,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,430 |
| Savings and temporary cash investments | $179,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,721 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $218,721 |
| 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 | $218,721 |