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30
Aug

How Revenue is Spent at the American Medical Association (AMA) 2019

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.

Read more »

28
Aug

Where Does $100 to Wounded Warriors Go (2021)?

The Wounded Warrior Project is one of the most well-known non-profit charitable organizations focused on rebuilding the lives of wounded veterans. Established in 2003, the Wounded Warrior Project is a non-profit, tax-exempt 501 (c) (3) charitable organization whose stated mission is to “honor and empower wounded warriors.”

Most donors want to know how their donations are spent.  If you gave $100 to the Wounded Warrior Project in 2021, the short answer is that $13 was allocated to savings leaving $87 spent on five categories:   Read more »

26
Aug

Executive Compensation at the Special Olympics (2020)

Rarely is there a disagreement about the importance of funding the Special Olympics but in years past, the Education Secretary has proposed cutting government assistance to the organization, asserting that the non-profit is better supported by philanthropy.  Before anyone makes up their mind about this issue, they should know the financial facts about the organization, which include revenue, expenses, executive compensation, and the fund balance (which many refer to as the endowment) and ask if the Special Olympics needs  government contributions?

The bottom line:  The Special Olympics raises about $125-$135 million annually (of which the government provides 415-$25 million), spends about $15 million less than they raise allowing the organization to grow net assets which are currently at $110 million. Read more »

24
Aug

Executive Compensation at Christus Health (2020)

Christus Health is a tax-exempt non-profit healthcare system that supports “the healthcare ministries of the sponsoring congregations in extending the healing ministry of Jesus Christ in conformity with the Roman Catholic Church” which includes paying for first class for executives and board members and companion travel (I’m fairly confident Jesus Christ would prefer revenue be spent on helping the sick and the poor than on flying employees first class).

The Christus Healthcare system has more than 600 healthcare centers (including 60 hospitals) staffed by 45,000 employees in Texas, New Mexico, Arkansas, Louisiana, Mexico, Chile, and Columbia. Read more »

22
Aug

Executive Compensation at the Federation of American Hospitals (2020)

The Federation of American Hospitals  – a tax-exempt, non-profit 501 (c) (6) – is a trade association for tax-paying hospitals in the US. Based in Washington, DC with a staff of 24, the Federation of American Hospitals (FAH) is a very small non-profit that raises about $15 million annually but compensates its employees very well, including the President, Charles Kahn III who has been President since 2001 and who received $2 million in compensation in 2020. Read more »

20
Aug

A Memorial to Luke: 2009-2022

Luke, my beloved pear-shaped, black and white cat with a big black heart on his chest passed away this week  after suffering from kidney disease.  He came into our lives on August 4, 2009 and he left our lives on August 18, 2022 when he was just 13 years old.

My sweet Luke was supposed to live twenty years (that’s how long everyone told me cats live) so I didn’t expect to be writing a memorial to him in 2022 but kidney disease robbed him of more time so I find myself writing this years before I thought I would have to. I keep thinking it wasn’t suppose to end this soon. Read more »

18
Aug

Healthy Blueberry Muffins

Most blueberry muffins are made with butter or oil, eggs, white flour, and refined sugar with the only “healthy” ingredient being the blueberries. But, what if I told you that a moist, high-rising great tasting blueberry muffin can be made without butter, oil, eggs, and refined sugar?

The secret to making healthier blueberry muffins without giving up flavor or texture is to use healthier ingredients:  a mixture of almond flour, whole grain spelt flour and a small amount of cake flour instead of just white flour; a non-dairy milk that is naturally high in fats (oat or walnut by Elmhurst work well) instead of butter or oil; and maple syrup instead of refined sugar – all of which combined with other clean ingredients create a healthy blueberry muffin that is truly scrumptious.

It is also important to include 10 full ounces of blueberries (I often use frozen wild). Don’t skimp on the blueberries as these super nutritious berries are not only natural sweeteners but also add moisture and flavor.

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16
Aug

Executive Compensation at UnityPoint Health

Iowa Health System is also known as UnityPoint Health, one of the largest healthcare systems in the Iowa, although the organization also provides healthcare in Illinois and Wisconsin (hence, the name change using the word “unity”). Although the name change occurred in 2013, Iowa Health System still files a form 990 under the Iowa Health System name but notes that the organization is doing business as UnityPoint Health. This entity is the management arm of the organization.

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14
Aug

Executive Compensation at the American Wind Energy Association (AWEA)

The American Wind Energy Association (AWEA) is a Washington, D.C.-based tax-exempt, non profit (501 (c) 6) national trade association formed in 1974, representing wind power project developers, equipment suppliers, service providers, parts manufacturers, utilities, researchers, and others involved in the wind industry. Hence, membership dues (from an estimated 2,400 members who pay an average of $5,000 each) are the primary source of revenue, but represent less than half of total annual revenue ($12 million out of $25 million) with the remaining revenue from conferences and meetings ($10 million) and state outreach ($2 million). Read more »

12
Aug

Executive Compensation at the American Red Cross (2021)

When most people think of the American Red Cross (ARC), they often think of blood collection, testing, and distribution and/or disaster services – both domestic and international and in the most simplistic terms, this is what the ARC is about.

Formally known as the American National Red Cross (the organization is the designated affiliate of the International Federation of Red Cross and Red Crescent Societies), ARC was established by Clara Barton in 1881 and given a charter by Congress in 1900 and again in 1905 to carry out humanitarian services. Since that time, the charter has been amended nine times, with the most recent in 2009 to address reforms to the organization. Read more »