CHATTANOOGA & HAMILTON COUNTY MEDICAL SOCIETY INC

EIN: 620526054

CHATTANOOGA, TN

Total Revenue
$638,885
Total Expenses
$582,685
Total Assets
$3,677,138
Net Assets
$3,640,528
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
TN
Principal Officer
RAE YOUNG BOND
Phone
4236222872
Tax Period
2024-01-01 to 2024-12-31

CHATTANOOGA & HAMILTON COUNTY MEDICAL SOCIETY INC, founded in 1959, is a small nonprofit that reported $639K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $583K left a modest 9% surplus.

Mission

THE MEDICAL SOCIETY OF CHATTANOOGA AND HAMILTON COUNTY IS AN ADVOCATE FOR THE SUCCESS OF PHYSICIANS AND FOR THE CONTINUAL IMPROVEMENT OF COMMUNITY HEALTH. THE MEDICAL SOCIETY WORKS WITH LIKE-MINDED ORGANIZATIONS TO ELEVATE THE STATUS OF THE MEDICAL PROFESSION LOCALLY, IN TENNESSEE, AND IN THE NATION. THE MEDICAL SOCIETY PROTECTS AND PROMOTES THE PATIENT-PHYSICIAN RELATIONSHIP, AND SEEKS TO INCREASE ACCESS TO QUALITY MEDICAL CARE FOR ALL PERSONS. BELIEVING INTEGRITY IS ESSENTIAL TO ALL RELATIONSHIPS, THE MEDICAL SOCIETY PROMOTES THE HIGHEST STANDARDS OF PROFESSIONALISM, ETHICS, AND PATIENT CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $527,006
Program Service Revenue $9,786
Investment Income $43,707
Other Revenue $58,386
TOTAL REVENUE $638,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $532,326
Fundraising Expenses $0
Program Expenses $582,685
Other Expenses $50,359
TOTAL EXPENSES $582,685

Year-over-Year Comparison

2024 2023 Change
Revenue $638,885 $687,773 -0.1%
Expenses $582,685 $700,178 -0.2%
Net Income $56,200 $-12,405 -5.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
5
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
17
$0
Key Employees
1
$166,942
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAE YOUNG BOND EXECUTIVE DIRECTOR 30
Key Emp
$166,942 $0 $166,942
HARISH MANYAM MD PRESIDENT 1
Officer Director
$0 $0 $0
HARSHA VARDHANA MD SECRETARY-TREASURER 1
Officer Director
$0 $0 $0
TODD THURSTON MD PRESIDENT-ELECT 1
Officer Director
$0 $0 $0
RICHARD MOODY MD PAST PRESIDENT 1
Officer Director
$0 $0 $0
STEVEN FOX MD DIRECTOR 1
Director
$0 $0 $0
ROBERT JEAN MD DIRECTOR 1
Director
$0 $0 $0
SAM JONES MD DIRECTOR 1
Director
$0 $0 $0
BOB MAGILL MD DIRECTOR 1
Director
$0 $0 $0
JEFFREY MULLINS DIRECTOR 1
Director
$0 $0 $0
MICHAEL NICHOLS MD DIRECTOR 1
Director
$0 $0 $0
PAULA NICOLA MD DIRECTOR 1
Director
$0 $0 $0
MUKTA PANDA MD DIRECTOR 1
Director
$0 $0 $0
EUGENE RYAN MD DIRECTOR 1
Director
$0 $0 $0
KATE SHUSTER MD DIRECTOR 1
Director
$0 $0 $0
SKYLER SMITH MD DIRECTOR 1
Director
$0 $0 $0
CHRISTOPHER YOUNG MD DIRECTOR 1
Director
$0 $0 $0
ETHAN ZIMMERMAN MD DIRECTOR 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $638,885 $582,685 $3,677,138 $56,200
2023 $687,773 $700,178 $2,970,126 $-12,405
2022 $260,281 $300,810 $2,707,091 $-40,529
2021 $266,996 $219,013 $3,225,776 $47,983
2020 $194,928 $180,171 $2,676,027 $14,757
2019 $385,725 $194,324 $2,478,005 $191,401
2018 $342,753 $270,749 $2,196,766 $72,004
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