Los Angeles County Medical Association
- Assets
- $8.0m
- Revenue
- $1.9m
- Investments
- $6.7m
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 09/1950
- Data as of
- 12/2022
- EIN
- 95-0948250
Organization Overview
Los Angeles County Medical Association is located in Los Angeles, CA. The organization was established in 1950. 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 12/2022, Los Angeles County Medical Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County 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 12/2022, Los Angeles County Medical Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LACMA IS AT THE FOREFRONT OF MEDICINE IN LA COUNTY TO ENSURE THAT MEMBERS ARE REPRESENTED IN THE AREAS OF PUBLIC POLICY, GOVERNMENT RELATIONS AND PHYSICIAN WELL-BEING. LACMA'S SOLEMN DUTY IS TO PRESERVE AND PROTECT THE NOBLE PURSUIT OF HEALTHCARE DELIVERY FOR PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: MEMBERS HAVE ACCESS TO A VARIETY OF MEMBERSHIP PRODUCTS AND SERVICES SUCH AS EDUCATIONAL SERVICES, PRACTICE REIMBURSEMENT, PRACTICE MANAGEMENT ASSISTANCE, HEALTH LAW, ADVOCACY, NETWORKING OPPORTUNITIES, TARGETED COMMUNICATIONS AND JURY DUTY CONCIERGE SERVICES.
CONTINUING MEDICAL EDUCATION: MEMBERS HAVE ACCESS TO SEMINARS AND MEETINGS REGARDING THE DEVELOPMENT AND PRACTICE OF THE SCIENCE OF MEDICINE FOR ACCREDITED CME OPPORTUNITIES.
LACMA PROGRAMS AND CAMPAIGNS ARE EVER EVOLVING TO FIT THE NEEDS OF STUDENTS AND PHYSICIANS THROUGH STRONG LEADERSHIP, PASSIONATE STAFF, LACMA PARTNERS AND VALUABLE INPUT FROM OUR MEMBERS. WITH OVER 150 YEARS OF ACTIVE ENGAGEMENT UNDER OUR BELT, LACMA HAS BEEN AT THE FOREFRONT OF GROUNDBREAKING HEALTH CAMPAIGNS AROUND ISSUES SUCH AS WATER AND AIR POLLUTION, SMOKING RISKS, CANCER AND HIV. OUR PHYSICIAN LEADERS STRIVE TOWARD A COMMON VISION SO PHYSICIANS SPEND MORE TIME TREATING PATIENTS AND LESS TIME NAVIGATING THE OBSTACLES THAT UNDERMINE THE PRACTICE OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omer Deen MD President | OfficerTrustee | 2 | $18,000 |
Jerry Abraham MD President-Elect | OfficerTrustee | 2 | $0 |
Jeffery Lee MD Immediate Past President | OfficerTrustee | 2 | $18,000 |
Po-Yin Samuel Huang MD Treasurer | OfficerTrustee | 2 | $0 |
Healther Silverman MD Secretary | OfficerTrustee | 2 | $0 |
Aileen Arevalo MD Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,365,576 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,498,528 |
| Total Program Service Revenue | $95,768 |
| Investment income | $197,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,930,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,581 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $490,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,215 |
| Pension plan accruals and contributions | $11,713 |
| Other employee benefits | $42,674 |
| Payroll taxes | $37,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,578 |
| Fees for services: Other | $307,125 |
| Advertising and promotion | $0 |
| Office expenses | $3,428 |
| Information technology | $11,575 |
| Royalties | $0 |
| Occupancy | $220,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,413 |
| Insurance | $24,090 |
| All other expenses | $0 |
| Total functional expenses | $1,863,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,957 |
| 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 | $146,005 |
| Net Land, buildings, and equipment | $127,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,732,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,970 |
| Total assets | $8,039,576 |
| Accounts payable and accrued expenses | $314,509 |
| Grants payable | $0 |
| Deferred revenue | $249,929 |
| 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 | $297,278 |
| Total liabilities | $861,716 |
| Net assets without donor restrictions | $7,177,860 |
| 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 | $8,039,576 |