Special Operations Medical Association Inc
- Assets
- $751.0k
- Revenue
- $1.2m
- Investments
- $272.2k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 58-2108832
Organization Overview
Special Operations Medical Association Inc is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Operations Medical Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Special Operations Medical Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 7 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
SOMA'S MISSION IS TO ADVANCE THE SCIENCE, TECHNOLOGY, KNOWLEDGE AND SKILLS OF UNCONVENTIONAL MEDICINE PROVIDERS IN ORDER TO INCREASE SURVIVAL, REDUCE SUFFERING, AND SPEED RECOVERY OF THOSE WHO ARE INJURED OR BECOME ILL DURING SPECIAL OPERATIONS OR TACTICAL MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOMA'S MAIN ACTIVITY IS THE PRODUCTION OF AT LEAST ONE MEDICAL CONFERENCE TO BE HELD ANNUALLY, WHICH IS TYPICALLY THE SPECIAL OPERATIONS MEDICAL SCIENTIFIC ASSEMBLY (SOMSA). THE SOMSA IS FOR ALL MILITARY MEMBERS AND QUALIFIED CIVILIAN PROVIDERS INTERESTED IN SPECIAL OPERATIONS AND TACTICAL MEDICINE AND INVITED GUESTS.
MEMBERSHIP DUES COLLECTED FOR FUNDING OF PROGRAM ACTIVITIES; OTHER MISCELLANEOUS REVENUE; SALES OF SOMA GEARSCHOLARSHIP PAYMENTS MADE THRU SOMA'S SET ASIDE NET ASSETS FOR SCHOLARSHIP FUNDING
SOMA PERIODICALLY ORGANIZES SOMA SYMPOSIUM AROUND THE COUNTRY TO HELP EDUCATE AND CREATE AWARENESS FOR OUR TARGET AUDIENCE.
MEMBERS OF SOMA RECEIVE THE QUARTERLY JOURNAL OF SPECIAL OPERATIONS MEDICINE (JSOM). THE JSOM IS A PEER-REVIEW JOURNAL DEDICATED TO ENSURING THE PROFESSIONAL GROWTH AND SUCCESS OF SPECIAL OPERATIONS MEDICAL PERSONNEL. ONGOING ARTICLE SERIES INCLUDES HUMAN PERFORMANCE OPTIMIZATION, INJURY PREVENTION, THE WORLD OF SPECIAL OPERATIONS MEDICINE AND TACTICAL MEDICINE PERSPECTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ S Kotwal Immediate Past President | OfficerTrustee | 5 | $0 |
Timothy Gibson Civilian Vice President | OfficerTrustee | 5 | $0 |
Regan F Lyon Secretary/treasurer | OfficerTrustee | 5 | $0 |
John Dominguez President | OfficerTrustee | 5 | $0 |
Sandro Heinrich At Large Member | Trustee | 2 | $0 |
John Steinbaugh At Large Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kellen Company Management Services | 12/30/23 | $269,796 |
Visual Fx Scientific Assembly | 12/30/23 | $165,341 |
Raleigh Convention & Performing Arts Com Scientific Assembly | 12/30/23 | $141,303 |
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 | $51,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,908 |
| Total Program Service Revenue | $1,157,382 |
| Investment income | $9,997 |
| 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 | $8,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $269,796 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $181 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,909 |
| Information technology | $998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $520,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,317 |
| All other expenses | $14,764 |
| Total functional expenses | $1,048,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,921 |
| Savings and temporary cash investments | $204,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,734 |
| 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 | $55,884 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $272,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,956 |
| Accounts payable and accrued expenses | $304 |
| Grants payable | $0 |
| Deferred revenue | $196,640 |
| 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 | $196,944 |
| Net assets without donor restrictions | $488,553 |
| Net assets with donor restrictions | $65,459 |
| 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 | $750,956 |