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9
Dec

Where Does $100 to the American Heart Association Go (2018)?

The American Heart Association (AHA) is one of the most popular and recognized non-profits in the United States with enormous public support as evidenced by the $852 million raised last year.   That the AHA also has nearly a billion dollars in their net fund balance (which is often referred to as the endowment) is also noteworthy.

By most accounts, this organization is a magnet for public contributions and an expert at raising and saving money.  But, are they accomplishing their mission, which is to build healthier lives, free of cardiovascular disease and stroke (especially with hundreds of recipes on their website calling for eggs, dairy products, beef, poultry, pork – including bacon, a Type 1 carcinogen according to the World Health Organization, oil, sugar and white flour)? With heart disease the number one cause of death in the United States for decades, one has to wonder if all the contributions to the AHA are really helping to prevent and reverse heart disease? Read more »

7
Dec

Executive Compensation at the American Heart Association (2018)

The American Heart Association (AHA) is a non-profit 501 (c) (3) that primarily relies on public and government funds for funding and is therefore required to submit an IRS Form 990 – the tax return that provides details about the organization including how much revenue was raised and spent, the amount the organization has in net fund assets, and the compensation packages of the executives. Read more »

5
Dec

10 Great Holiday Food Gifts for 2019

Holidays are all about enjoying food so there is no better time to give a palate pleaser than now.  Not everyone is a foodie but nearly everyone appreciates wholesome, delicious food like pure maple syrup, colossal roasted cashews, creamy, rich peanut butter cups or almond cups, award winning crispy potato chips made with extra virgin olive oil, dark chocolate mint meltaways, fresh fruit, and chewy, sweet dates. To wash all that down, consider Fever Tree drinks:  tonic, club soda, or ginger ale. Read more »

3
Dec

How Revenue is Spent at the American Medical Association (AMA)

The American Medical Association (AMA) is a non-profit 501 (c) (6) – a professional association and the largest association of physicians – whose primary purpose is to:

  • publish the Journal of the American Medical Association (JAMA) – a peer reviewed medical journal that includes original research, reviews, and editorials of medicine;
  • maintain a code of medical ethics,
  • create and maintain physician data which is sometimes referred to as master files; and
  • update and maintain medical classification codes (referred to as CPT codes) used by the government, medical practices, hospitals, and insurance companies in return for royalty fees.

Although the AMA is a professional association, membership dues are surprisingly not a large source of revenue for the organization. There are about 1 million physicians in the US, but only about 215,000 belong to the AMA. Members pay about $400 annually although medical students and residents do not pay the annual fee. As such, dues account for a very small portion (about 12%) of the revenue stream for the AMA. Read more »

1
Dec

Executive Compensation at the American Medical Association (AMA)

The American Medical Association (AMA) is a non-profit 501 (c) (6) – a professional association and the largest association of physicians – whose mission is to “promote the art and science of medicine and the betterment of public health.” They do this by publishing JAMA (Journal of the American Medical Association) – a peer reviewed medical journal that publishes original research, reviews, and editorials of medicine, maintaining a code of medical ethics, collecting and maintaining physician data which is sometimes referred to as master files, and maintaining medical codes (referred to as CPT codes) used by the government, medical practices, hospitals, and insurance companies in return for royalty fees. Read more »