TENNESSEE MEDICAL GROUP MGMT ASSN

EIN: 621587975

BIRMINGHAM, AL

Total Revenue
$410,075
Total Expenses
$331,015
Total Assets
$315,347
Net Assets
$315,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TN
Principal Officer
ERIC GIBSON
Phone
2056165938
Tax Period
2023-01-01 to 2023-12-31

TENNESSEE MEDICAL GROUP MGMT ASSN, founded in 1995, is a small nonprofit that reported $410K in total revenue in fiscal year 2023. The organization ran a surplus of $79K, a strong 19% operating margin.

Mission

THE PURPOSE AND OBJECTIVES OF TMGMA SHALL BE TO PROMOTE AND DISSEMINATE METHODS OF BUSINESS ADMINISTRATION IN MEDICAL GROUPS TO BETTER SERVE THE MEMBERS OF THE ASSOCIATION, THE MEDICAL GROUPS THEY REPRESENT, AND THE MEDICAL GROUP PRACTICE IN GENERAL.

Program Service Accomplishments

Program 1

TMGMA HOLDS CONFERENCES AND SEMINARS FOR ITS MEMBERS WITH TOPICS REGARDING CURRENT TRENDS AND ISSUES IN HEALTHCARE, STRATEGIC HEALTHCARE EVOLUTIONS AND DYNAMICS, AND INFORMATION ON CURRENT...

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TMGMA HOLDS CONFERENCES AND SEMINARS FOR ITS MEMBERS WITH TOPICS REGARDING CURRENT TRENDS AND ISSUES IN HEALTHCARE, STRATEGIC HEALTHCARE EVOLUTIONS AND DYNAMICS, AND INFORMATION ON CURRENT TECHNOLOGICAL ADVANCES NECESSARY TO STAY ABREAST OF CHANGES IN THE MEMBERS' RESPECTIVE FIELDS OF HEALTHCARE.

Program 2

TMGMA PROVIDES SCHOLARSHIPS TO ASSIST MEMBERS WITH THE HIGH COST OF CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE AREA OF MEDICAL PRACTICE MANAGEMENT. FUNDS MAY BE USED FOR EXPENSES...

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TMGMA PROVIDES SCHOLARSHIPS TO ASSIST MEMBERS WITH THE HIGH COST OF CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE AREA OF MEDICAL PRACTICE MANAGEMENT. FUNDS MAY BE USED FOR EXPENSES ASSOCIATED WITH ATTENDING MGMA NATIONAL MEETINGS AND/OR PURSUING ADVANCEMENT IN THE AMERICAN COLLEGE OF MEDICAL PRACTICE EXECUTIVES. ADDITIONALLY, TMGMA AWARDS SCHOLARSHIPS TO THE LOCAL CHAPTERS TO ASSIST MEMBERS IN THE COST OF ATTENDING STATE MEETINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $112,781
Program Service Revenue $295,833
Investment Income $1,461
Other Revenue $0
TOTAL REVENUE $410,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,061
Fundraising Expenses $0
Other Expenses $248,954
TOTAL EXPENSES $331,015

Year-over-Year Comparison

2023 2022 Change
Revenue $410,075 $381,472 +0.1%
Expenses $331,015 $342,559 0.0%
Net Income $79,060 $38,913 +1.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
6
$82,061
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN CRUZE PRESIDENT 7.50
Officer Director
$0 $0 $0
BARBARA IRELAND PRESIDENT ELECT 3.00
Officer Director
$0 $0 $0
ERIC GIBSON TREASURER 3.00
Officer Director
$0 $0 $0
MISTY HICKMAN SECRETARY 3.00
Officer Director
$0 $0 $0
CHARLES LATHRAM III PAST PRESIDENT 3.00
Officer Director
$0 $0 $0
REBEKAH FRANCIS EXECUTIVE DIRECTOR 25.00
Officer
$82,061 $0 $82,061
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
2024 No data No data No data No data
2023 $410,075 $331,015 $315,347 $79,060
2022 $381,472 $342,559 $236,287 $38,913
2021 $301,068 $221,969 $197,374 $79,099
2020 $92,601 $130,196 $118,275 $-37,595
2019 $316,282 $276,468 $155,870 $39,814
2018 $279,711 $253,682 $118,932 $26,029
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