Tennessee Medical Association
- Assets
- $7.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Nashville, TN
- Founding
- 04/1974
- Data as of
- 12/2023
- EIN
- 62-0382010
Organization Overview
Tennessee Medical Association is located in Nashville, TN. The organization was established in 1974. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Tennessee Medical Association employed 24 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tennessee Medical 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 12/2023, Tennessee Medical Association generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND EVENTS - TMA OFFERS A VARIETY OF ONLINE AND IN-PERSON PROGRAMS TO HELP PHYSICIANS FILL CONTINUING EDUCATION GAPS. FROM BRIEF VIDEOS TO LEADERSHIP TRAINING TO A LARGE ANNUAL CONFERENCE, OUR PROPRIETARY CONTENT HELPS TENNESSEE DOCTORS MAINTAIN A PROFESSIONAL LICENSURE AND CERTIFICATIONS, AND IMPROVE THEIR COMPETENCE AND KNOWLEDGE. THOUSANDS OF PHYSICIANS PARTICIPATE IN TMAS EDUCATION AND EVENTS.
MEMBERSHIP AND COMMUNICATION - TMA REPRESENTS ALL TENNESSEE DOCTORS AND SUCCESSFULLY INFLUENCES LAWS, RULES AND REGULATIONS THAT DETERMINE HOW HEALTHCARE IS DELIVERED IN TENNESSEE. WE SERVE AROUND 9,000 MEMBERS. TMA ORGANIZES OVER 15 MEETINGS THROUGHOUT THE YEAR. TMA HAS A MAGAZINE PUBLISHED FIVE TIMES A YEAR AND AN ANNUAL REPORT.
ADVOCACY - TMA CARRIES THE COLLECTIVE VOICE OF PHYSICIANS FROM ACROSS THE STATE ON CAPITOL HILL, WORKING DIRECTLY WITH LAWMAKERS TO INFLUENCE PUBLIC POLICIES AFFECTING THE PRACTICE OF MEDICINE. TMA PROTECTS THE MEDICAL PROFESSION BY RELENTLESSLY PURSUING LAWS THAT IMPROVE PHYSICIANS EFFECTIVENESS, AND FIGHTING REGULATORY CHANGES THAT JEOPARDIZE THE PHYSICIAN, THE PHYSICIAN-PATIENT RELATIONSHIP, OR ADD ADMINISTRATIVE BURDEN WITHOUT IMPROVING THE DELIVERY OF CARE. TMA ADVOCATES ON BEHALF OF PATIENTS TO IMPROVE THE QUALITY, SAFETY, ACCESSIBILITY AND AFFORDABILITY OF MEDICAL CARE IN TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Miller Jr CEO | Officer | 40 | $245,521 |
Andrew Beatty Senior Vice President | 40 | $145,759 | |
Julie Griffin Director Govt Affair | 40 | $146,002 | |
Andrew T Watson President Elect | OfficerTrustee | 2 | $13,333 |
Edward W Capparelli Immediate Past President | OfficerTrustee | 2 | $6,667 |
Lee Allan Colyar Board Member | Trustee | 1 | $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 | $3,047,622 |
| Investment income | $116,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,833 |
| Net Gain/Loss on Asset Sales | $1,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,680,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,097 |
| 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. | $291,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,426,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $405,781 |
| Payroll taxes | $120,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $293,545 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,375 |
| Office expenses | $16,516 |
| Information technology | $169,706 |
| Royalties | $0 |
| Occupancy | $25,645 |
| Travel | $299,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,924 |
| Insurance | $28,042 |
| All other expenses | $84,386 |
| Total functional expenses | $3,472,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,925 |
| Savings and temporary cash investments | $522,425 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,818 |
| 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 | $24,229 |
| Net Land, buildings, and equipment | $2,565,093 |
| Investments—publicly traded securities | $3,987,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,448,148 |
| Accounts payable and accrued expenses | $259,352 |
| Grants payable | $0 |
| Deferred revenue | $896,826 |
| 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 | $64,882 |
| Total liabilities | $1,221,060 |
| Net assets without donor restrictions | $5,982,421 |
| Net assets with donor restrictions | $244,667 |
| 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 | $7,448,148 |
Grants Awarded
Over the last fiscal year, Tennessee Medical Association has awarded $132,097 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE MEDICAL FOUNDATION | | | $99,073 |
TN MEDICAL EDUCATION FUND | | | $33,024 |