Wyoming Medical Society
- Assets
- $1.3m
- Revenue
- $443.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cheyenne, WY
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 83-0164457
Organization Overview
Wyoming Medical Society is located in Cheyenne, WY. The organization was established in 1954. 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 12/2021, Wyoming Medical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming Medical Society 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 12/2021, Wyoming Medical Society generated $443.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $458.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF THE MEDICAL PROFESSION AND THE SIMILAR INTEREST OF ITS COMPONENT COUNTY, DISTRICT NATIONAL MEDICAL SOCIETIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE WELFARE OF THE MEDICAL PROFESSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Bush Executive Director | Officer | 40 | $120,337 |
David Wheeler MD President | OfficerTrustee | 1 | $0 |
Jasper J Chen MD Vice President | OfficerTrustee | 1 | $0 |
Kris Schamber MD Sec./treasurer | OfficerTrustee | 1 | $0 |
Lisa Finkelstein DO Past President | OfficerTrustee | 1 | $0 |
Stephen Brown MD Ama Delegate | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $235,860 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,492 |
| Total Program Service Revenue | $68,968 |
| Investment income | $10,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,257 |
| Net Gain/Loss on Asset Sales | -$639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,867 |
| 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. | $120,337 |
| Compensation of current officers, directors, key employees. | $11,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,209 |
| Payroll taxes | $20,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $20,088 |
| Advertising and promotion | $0 |
| Office expenses | $29,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,969 |
| Insurance | $0 |
| All other expenses | $1,000 |
| Total functional expenses | $458,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $399,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,141 |
| 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 | $1,873 |
| Net Land, buildings, and equipment | $358,376 |
| Investments—publicly traded securities | $522,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,300 |
| Total assets | $1,337,736 |
| Accounts payable and accrued expenses | $48,694 |
| Grants payable | $0 |
| Deferred revenue | $134,385 |
| 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 | $173,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,818 |
| Total liabilities | $426,686 |
| Net assets without donor restrictions | $911,050 |
| 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 | $1,337,736 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wyoming Medical Society has recieved totaling $6,600.
| Awarding Organization | Amount |
|---|---|
Childrens Hospital Colorado Aurora, CO PURPOSE: GENERAL PROGRAM SUPPORT | $6,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Physician Network Lincoln, NE | $104,536,502 | $64,680,019 |
Association Of Operating Room Nurses Inc Denver, CO | $38,056,057 | $33,379,294 |
Cns Professional Services West Valley City, UT | $2,363,153 | $16,959,707 |
Colorado Hospital Association Greenwood Village, CO | $13,190,689 | $7,968,558 |
Nebraska Hospital Association Lincoln, NE | $9,867,444 | $3,336,671 |
Montana Hospital Association Helena, MT | $9,721,783 | $3,577,001 |
Medical Affairs Professional Society Golden, CO | $389,928 | $2,256,940 |
Association For Vascular Access Herriman, UT | $2,301,477 | $1,706,443 |
Montana Nurses Association Clancy, MT | $2,336,451 | $1,585,427 |
Idaho Medical Association Boise, ID | $3,407,801 | $1,500,865 |
Nebr Pharmacists Assoc Lincoln, NE | $2,433,536 | $1,333,601 |
National Flight Nurses Association Aurora, CO | $1,097,685 | $1,137,173 |