Greater Albuquerque Medical Association
- Assets
- $843.0k
- Revenue
- $446.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 85-0198368
Organization Overview
Greater Albuquerque Medical Association is located in Albuquerque, NM. The organization was established in 1972. 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, Greater Albuquerque Medical Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Albuquerque 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 12/2021, Greater Albuquerque Medical Association generated $446.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $275.5k during the year ending 12/2021. 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
THE ORGANIZATION'S MISSION IS TO PROMOTE EXCELLENCE IN PATIENT CARE BY IDENTIFYING AND SOLVING PHYSICIAN PRACTICE PROBLEMS IN ANY PRACTICE ENVIRONMENT THROUGH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES FOR MEMBERS SUCH AS NETWORKING AND INFORMATION EVENTS & COMMITTEES TO PROVIDE FOR EXCHANGE OF IDEAS, SHARING RESOURCES FOR THE MEDICAL COMMUNITY. ACTIVITY WAS SIGNIFICANTLY REDUCED IN 2021 DUE TO COVID.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Lyon Executive Director | Officer | 40 | $90,000 |
Kirby Gabrys Imm Past Pres | OfficerTrustee | 1 | $0 |
Vesta Sandoval Pres Elect | OfficerTrustee | 2 | $0 |
Samuel Macbride President | OfficerTrustee | 4 | $0 |
Corey Ford Secretary | OfficerTrustee | 2 | $0 |
Barbara Mcaneny Treasurer | 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 | $239,384 |
| Investment income | $19,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,000 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,336 |
| Pension plan accruals and contributions | $21,337 |
| Other employee benefits | $15,808 |
| Payroll taxes | $13,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,799 |
| Advertising and promotion | $0 |
| Office expenses | $2,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176 |
| Insurance | $5,246 |
| All other expenses | $36 |
| Total functional expenses | $275,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,043 |
| 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 | $500 |
| Net Land, buildings, and equipment | $3,566 |
| Investments—publicly traded securities | $631,513 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $842,984 |
| Accounts payable and accrued expenses | $4,924 |
| Grants payable | $0 |
| Deferred revenue | $45,980 |
| 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 | $50,904 |
| Net assets without donor restrictions | $772,475 |
| Net assets with donor restrictions | $19,605 |
| 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 | $842,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Emergency Physicians Dallas, TX | $49,367,676 | $34,228,137 |
Association Of Operating Room Nurses Inc Denver, CO | $38,056,057 | $33,379,294 |
Texas Medical Association Austin, TX | $65,833,540 | $26,009,481 |
American Society Of Radiologic Technologists Albuquerque, NM | $88,784,741 | $27,111,728 |
Cns Professional Services West Valley City, UT | $2,363,153 | $16,959,707 |
Texas Hospital Association Austin, TX | $43,054,266 | $12,318,652 |
Colorado Hospital Association Greenwood Village, CO | $13,190,689 | $7,968,558 |
American Academy Of Nurse Practitioners National Austin, TX | $57,378,377 | $17,128,839 |
Oklahoma Hospital Association Inc Oklahoma City, OK | $5,881,372 | $5,374,823 |
Oklahoma State Medical Association Oklahoma City, OK | $139,825,404 | $10,140,450 |
American Academy Of Family Physicians Austin, TX | $11,091,326 | $3,771,069 |
Medical Affairs Professional Society Golden, CO | $389,928 | $2,256,940 |