Hawaii Medical Association
- Assets
- $983.8k
- Revenue
- $475.8k
- Investments
- $419.4k
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 07/1947
- Data as of
- 12/2022
- EIN
- 99-0067306
Organization Overview
Hawaii Medical Association is located in Honolulu, HI. The organization was established in 1947. 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 12/2022, Hawaii Medical Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii 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, Hawaii Medical Association generated $475.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $530.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HIGH STANDARDS WITHIN THE MEDICAL PROFESSION FOR THE BETTERMENT OF PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE ACTIVITIES: PROVIDE LOBBYING, GOVERNMENT RELATIONS, AND LEGISLATIVE AWARENESS SERVICES PRIMARILY FOR HMA MEMBERS (APPROXIMATELY 278), AND NON-MEMBER PHYSICIANS (UP TO APPROX. 3000 ADDITIONAL PHYSICIANS). INCLUDES INTRODUCING HEALTH CARE LEGISLATION AT THE STATE LEGISLATURE; PROVIDING TESTIMONY ON PROPOSED LEGISLATION; INFORMING PHYSICIANS, THE PUBLIC, AND THE GOVERNMENT ON KEY HEALTH ISSUES.
CME@HMA SUPPORTS QUALITY PATIENT CARE THROUGH APPROPRIATE AND TIMELY EDUCATION FOR PHYSICIANS, WITH INFORMATION ABOUT CURRENT AND VITAL ISSURES OF MEDICINE AND MEDICAL PRACTICE FOR DOCTORS OF MEDICINE AND OSTEPATHY IN HAWAII AND THE PACIFIC BASIN.THE HAWAII MEDICAL ASSOCIATION IS A PARTNER IN THE HAWAII CONSORTIUM OF CONTINUING MEDICAL EDUCATION, A JOINT EFFORT BETWEEN THE HAWAII MEDICAL ASSOCIATION AND THE JOHN A. BURNS SCHOOL OF MEDICINE AT THE UNIVERSITY OF HAWAII, WHICH SPONSORS THE CME@HMA PROGRAM, THE CME PROGRAMS OF THE MEDICAL SCHOOL, AND JOINTLY SPONSORS EVENTS OF NUMEROUS NON-ACCREDITED ORGANIZATIONS IN HAWAII. THE HAWAII CONSORTIUM OF CONTINUING MEDICAL EDUCATION CLOSED ITS OPERATIONS AS OF DECEMBER 31, 2022. AS OF JANUARY 1, 2023, HMA HAS A COLLABORATION WITH HAWAII PACIFIC HEALTH AS A JOINT PROVIDER FOR CME'S. ALSO, HMA AND THE WASHINGTON STATE MEDICAL ASSOCIATION FORMED THE PACWEST CONTINUING EDUCATION ACCREDITATION COLLABORATIVE (PCEAC), TO SUPPORT THE STATE MEDICAL SOCIETY (SMS) CME FACILITY ACCREDITATION PROGRAMS ACRUSS THE NORTHWEST AND PACIFIC. THIS TOOK EFFECT JANUARY 1, 2023.HMA STARTED A PODCAST PROGRAM IN 2022 ENTITLED, HMACONNECT, BRINGING INTERVIEWS WITH PHYSICIANS AND OTHER IMPORTANT TO THE PROFESSION OF PHYSICIANS, INCLUDING INTERVIEWS FOR THE 2022 HAWAII ELECTIONS.
THE ANNUAL MEETING WAS HELD ON OCTOBER 7,2022, WITH 24 MEMBERS AND FOUR STAFF PRESENT. THERE ARE UP TO 20 VOTING MEMBERS ON THE HMA COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Champion MD Immediate Past President | Trustee | 0.3 | $0 |
Marc Alexander Executive Director | Trustee | 40 | $120,000 |
Myron Shirasu MD At-Large-Councilors | Trustee | 0.1 | $0 |
Lenhanh Tran MD Honolulu County Pres | Trustee | 0.1 | $0 |
Bradford Lee MD Honolulu At-Large Councilors | Trustee | 0.1 | $0 |
Robert Santry MD Concilors | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,666 |
| Fundraising events | $94,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,765 |
| Total Program Service Revenue | $77,795 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $78,436 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,367 |
| Fees for services: Lobbying | $52,356 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,102 |
| Advertising and promotion | $0 |
| Office expenses | $1,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,579 |
| Insurance | $10,240 |
| All other expenses | $53,300 |
| Total functional expenses | $530,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,530 |
| 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 | $1,150 |
| Net Land, buildings, and equipment | $306,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $419,373 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $983,825 |
| Accounts payable and accrued expenses | $5,432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $76,861 |
| Total liabilities | $82,293 |
| Net assets without donor restrictions | $0 |
| 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 | $901,532 |
| Total liabilities and net assets/fund balances | $983,825 |