Greater Albuquerque Medical Association
- Assets
- $863.7k
- Revenue
- $310.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 12/1972
- Data as of
- 12/2023
- 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 12/2023, Greater Albuquerque Medical Association employed 2 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 12/2023, Greater Albuquerque Medical Association generated $310.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $323.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 9 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
THE ORGANIZATIONS 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. LEGISLATIVE OVERSIGHT, LOBBYING, AND EDUCATION PROGRAMS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Roybal President | OfficerTrustee | 4 | $0 |
Valerie Romero-Leggott President Elect | OfficerTrustee | 2 | $0 |
Roger Cronk Vice President | OfficerTrustee | 2 | $0 |
Sabeen Yaqub Secretary | OfficerTrustee | 2 | $0 |
Jason Espinoza Executive Director | Officer | 40 | $85,000 |
Mark Epstein 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 | $215,320 |
| Investment income | $27,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $310,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,662 |
| Pension plan accruals and contributions | $9,491 |
| Other employee benefits | $12,990 |
| Payroll taxes | $5,877 |
| Fees for services: Management | $85,000 |
| Fees for services: Legal | $1,434 |
| Fees for services: Accounting | $6,643 |
| Fees for services: Lobbying | $26,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,533 |
| Fees for services: Other | $0 |
| Advertising and promotion | $119 |
| Office expenses | $1,724 |
| Information technology | $60,075 |
| Royalties | $0 |
| Occupancy | $3,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,404 |
| Insurance | $5,180 |
| All other expenses | $0 |
| Total functional expenses | $323,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,212 |
| 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 | $324 |
| Net Land, buildings, and equipment | $1,162 |
| Investments—publicly traded securities | $705,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $863,739 |
| Accounts payable and accrued expenses | $1,849 |
| Grants payable | $0 |
| Deferred revenue | $28,570 |
| 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 | $30,419 |
| Net assets without donor restrictions | $814,848 |
| Net assets with donor restrictions | $18,472 |
| 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 | $863,739 |