Chattanooga & Hamilton County Medical Society Inc
- Assets
- $3.0m
- Revenue
- $687.8k
- Investments
- $2.2m
- Employees
- 5
- Location
- Chattanooga, TN
- Founding
- 09/1953
- Data as of
- 12/2023
- EIN
- 62-0526054
Organization Overview
Chattanooga & Hamilton County Medical Society Inc is located in Chattanooga, TN. The organization was established in 1953. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Chattanooga & Hamilton County Medical Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga & Hamilton County Medical Society Inc 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, Chattanooga & Hamilton County Medical Society Inc generated $687.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $700.2k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
THE MEDICAL SOCIETY OF CHATTANOOGA AND HAMILTON COUNTY IS AN ADVOCATE FOR THE SUCCESS OF PHYSICIANS AND FOR THE CONTINUAL IMPROVEMENT OF COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL IS TO ELEVATE AND CLARIFY THE OPINIONS OF PHYSICIANS IN SCIENCE, PUBLIC HEALTH AND TO PROMOTE AN OBSERVANCE OF THE CODE OF MEDICAL ETHICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harish Manyam MD President | OfficerTrustee | 1 | $0 |
Richard Moody MD Past President | OfficerTrustee | 1 | $0 |
Michael Nichols MD Director | Trustee | 1 | $0 |
Mukta Panda MD Director | Trustee | 1 | $0 |
Kate Shuster MD Director | Trustee | 1 | $0 |
Robert Jean MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $364,890 |
| 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 | $364,890 |
| Total Program Service Revenue | $273,055 |
| Investment income | $25,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,526 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $687,773 |
| 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. | $77,693 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,729 |
| Pension plan accruals and contributions | $20,750 |
| Other employee benefits | $36,342 |
| Payroll taxes | $13,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $605 |
| Advertising and promotion | $414 |
| Office expenses | $4,709 |
| Information technology | $195 |
| Royalties | $0 |
| Occupancy | $2,887 |
| Travel | $6,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $737 |
| Insurance | $2,442 |
| All other expenses | $1,406 |
| Total functional expenses | $700,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,290 |
| Savings and temporary cash investments | $170,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,531 |
| 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 | $8,335 |
| Net Land, buildings, and equipment | $96,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,169,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $2,970,126 |
| Accounts payable and accrued expenses | $8,213 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $96,200 |
| Total liabilities | $144,413 |
| Net assets without donor restrictions | $2,825,713 |
| 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 | $2,970,126 |