Civic Intelligence

Chattanooga & Hamilton County Medical Society Inc

EIN 62-0526054 • 501(c)6 • Chattanooga, TN

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Profile

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.

1917 East Third StreetChattanooga, TN 37404

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.06x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

63rd percentile

8.8%

Higher net margin than 63% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$166,942

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 26.1% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-7.1%

Faster revenue growth than 18% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$3,677,138

Up $707,012 (+24%) from 2023

Liabilities

Down

$36,610

Down $107,803 (-75%) from 2023

Net Assets

Up

$3,640,528

Up $814,815 (+29%) from 2023

Operations
Liabilities / Revenue33rd percentileNet Margin63rd percentile

Revenue

Down

$638,885

Down $48,888 (-7.1%) from 2023

Expenses

Down

$582,685

Down $117,493 (-17%) from 2023

Net Income

Up

$56,200

Up $68,605 (+553%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,345,209Liabilities 2011: $84,973Net Assets 2011: $1,260,2362011Assets 2012: $1,440,391Liabilities 2012: $110,954Net Assets 2012: $1,329,4372012Assets 2013: $1,464,441Liabilities 2013: $51,314Net Assets 2013: $1,413,1272013Assets 2014: $1,645,273Liabilities 2014: $111,341Net Assets 2014: $1,533,9322014Assets 2015: $1,811,572Liabilities 2015: $129,416Net Assets 2015: $1,682,1562015Assets 2016: $2,050,868Liabilities 2016: $190,139Net Assets 2016: $1,860,7292016Assets 2017: $2,142,010Liabilities 2017: $69,289Net Assets 2017: $2,072,7212017Assets 2018: $2,196,766Liabilities 2018: $133,951Net Assets 2018: $2,062,8152018Assets 2019: $2,478,005Liabilities 2019: $16,259Net Assets 2019: $2,461,7462019Assets 2020: $2,676,027Liabilities 2020: $101,171Net Assets 2020: $2,574,8562020Assets 2021: $3,225,776Liabilities 2021: $133,292Net Assets 2021: $3,092,4842021Assets 2022: $2,707,091Liabilities 2022: $94,862Net Assets 2022: $2,612,2292022Assets 2023: $2,970,126Liabilities 2023: $144,413Net Assets 2023: $2,825,7132023Assets 2024: $3,677,138Liabilities 2024: $36,610Net Assets 2024: $3,640,5282024

Highlighted filing

2024

Assets$3,677,138
Liabilities$36,610
Net Assets$3,640,528
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $528,478Expenses 2011: $404,943Net Income 2011: $123,5352011Expenses 2012: $414,9382012Revenue 2013: $545,264Expenses 2013: $461,574Net Income 2013: $83,6902013Revenue 2014: $560,937Expenses 2014: $440,132Net Income 2014: $120,8052014Revenue 2015: $600,229Expenses 2015: $452,005Net Income 2015: $148,2242015Revenue 2016: $657,567Expenses 2016: $478,994Net Income 2016: $178,5732016Revenue 2017: $686,906Expenses 2017: $474,914Net Income 2017: $211,9922017Revenue 2018: $342,753Expenses 2018: $270,749Net Income 2018: $72,0042018Revenue 2019: $385,725Expenses 2019: $194,324Net Income 2019: $191,4012019Revenue 2020: $194,928Expenses 2020: $180,171Net Income 2020: $14,7572020Revenue 2021: $266,996Expenses 2021: $219,013Net Income 2021: $47,9832021Revenue 2022: $260,281Expenses 2022: $300,810Net Income 2022: -$40,5292022Revenue 2023: $687,773Expenses 2023: $700,178Net Income 2023: -$12,4052023Revenue 2024: $638,885Expenses 2024: $582,685Net Income 2024: $56,2002024

Highlighted filing

2024

Revenue$638,885
Expenses$582,685
Net Income$56,200
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,677,138
Liabilities
$36,610
Net assets
$3,640,528
Revenue
$638,885
Expenses
$582,685
Net income
$56,200
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.68$0.04$3.64$0.64$0.58$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.97$0.14$2.83$0.69$0.70$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.71$0.09$2.61$0.26$0.30$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.23$0.13$3.09$0.27$0.22$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.68$0.10$2.57$0.19$0.18$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.02$2.46$0.39$0.19$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.20$0.13$2.06$0.34$0.27$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.07$2.07$0.69$0.47$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.05$0.19$1.86$0.66$0.48$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.13$1.68$0.60$0.45$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.65$0.11$1.53$0.56$0.44$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.46$0.05$1.41$0.55$0.46$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.11$1.33$0.41
2011Summary only. Only limited summary data is available for this year.$1.35$0.08$1.26$0.53$0.40$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.0
Gross Receipts
$638,885
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,169,338$2,982,816▲ $813,478
Cash and Non-Interest-Bearing Accounts$490,290$248,958▼ $241,332
Savings and Temporary Cash Investments$170,440$206,673▲ $36,233
Land, Buildings, and Equipment, Net$96,692$119,132▲ $22,440
Accounts Receivable$34,531$109,494▲ $74,963
Prepaid Expenses and Deferred Charges$8,335$9,565▲ $1,230
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,970,126$3,677,138▲ $707,012
Other Assets Total$500$500→ $0
Liabilities
Other Liabilities$96,200--
Deferred Revenue$40,000$28,015▼ $11,985
Accounts Payable and Accrued Expenses$8,213$8,595▲ $382
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$144,413$36,610▼ $107,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,825,713$3,640,528▲ $814,815
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,825,713$3,640,528▲ $814,815
Total Liabilities and Net Assets / Fund Balance$2,970,126$3,677,138▲ $707,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$69,422$194,542$263,964
Leasehold Improvements$0$97,418$97,418
Land$49,605-$49,605
Equipment$105$35,019$35,124
Other Land Buildings$0$0$0
Other Securities$92,908--
Closely Held Equity Interests$565,454--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rae Young BondExecutive DirectorPT$166,942$35,861$202,803

Board Members and Trustees

NameTitle
Richard Moody MdPast President
Harish Manyam MdPresident
Todd Thurston MdPresident-elect
Bob Magill MdDirector
Christopher Young MdDirector
Ethan Zimmerman MdDirector
Eugene Ryan MdDirector
Jeffrey MullinsDirector
Kate Shuster MdDirector
Michael Nichols MdDirector
Mukta Panda MdDirector
Paula Nicola MdDirector
Robert Jean MdDirector
Sam Jones MdDirector
Skyler Smith MdDirector
Steven Fox MdDirector
Harsha Vardhana MdSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$527,006
Program Service Revenue
$9,786
Investment Income
$43,707
Other Revenue
$58,386
All Other Contributions
$5,978
Change in Net Assets
$56,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$532,326
Other Expenses$50,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$261,516
Current Officers, Directors, Trustees, and Key Employees---$166,942
Other Employee Benefits---$54,852
Payroll Taxes---$29,245
Pension Plan Contributions---$19,771
Conferences and Meetings---$18,569
Office Expenses---$10,508
Occupancy---$9,025
Fees for Services Accounting---$3,955
Travel---$2,795
Information Technology---$1,920
All Other Expenses---$1,886
Advertising---$1,001
Insurance---$496
Fees for Services Other---$204
Total Functional Expenses$0$0$0$582,685
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Class is "members at large" with the right to nominate additional canidates to the nominating committee's slate of nominees and elect members of the governing body from that expanded slate of nominees.”

Form 990, Part VI, Section A, Line 7A

“Class is "members at large" with the right to nominate additional candidates to the nominating committee's slate of nominees and elect members of the governing body from that expanded slate of nominees.”

Form 990, Part VI, Section B, Line 11B

“The executive director reviews the return in conjunction with the cpa. Then the executive director distributes copies of the 990 for the board's review.”

Form 990, Part VI, Section B, Line 12C

“A disclosure form is given to the directors each year to disclose any relationships or circumstances that they believe could be a onflict of interest.”

Form 990, Part VI, Section B, Line 15

“The executive committee conducts an annual review, which includes getting feedback from board members and others. They review compensation data from the american society of association executives and the american association of medical society executives, including regional salary and benefit data, to determine compensation and benefits, including any increases. Any changes are approved by the executive committee, which has authority under the bylaws for this function. The performance review is on file in a personnel file for future documentation.”

Form 990, Part VI, Section C, Line 19

“Goverening documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Chattanooga & Hamilton County Medical Society Inc
EIN
62-0526054
Phone
4236222872
Address
1917 EAST THIRD STREET, CHATTANOOGA, TN 37404

Signing Officer

Name
Rae Young Bond
Title
Executive Director
Phone
4236222872
Signed
2025-05-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Rae Young Bond
Formed
1959
Legal Domicile
Tn
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
50

Preparer

Firm
Waycaster CPA LLC
Address
139 Fallen Leaf Drive, Chickamauga, GA 30707
Preparer
Jennifer Waycaster
Phone
9312657056
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IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD MOODY MD
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVEN FOX MD
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT JEAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm7SAM JONES MD
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IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY MULLINS
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IRS990/Form990PartVIISectionAGrp/PersonNm13EUGENE RYAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm14KATE SHUSTER MD
IRS990/Form990PartVIISectionAGrp/PersonNm15SKYLER SMITH MD
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRISTOPHER YOUNG MD
IRS990/Form990PartVIISectionAGrp/PersonNm17ETHAN ZIMMERMAN MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0THE 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0194542

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