This is the fourth year that I have reported on the financial status of the non-profit organizations that represent the massage therapy profession. I am not an accountant or a financial expert. The information is taken from Guidestar, a clearinghouse where you can look up the financial filings of non-profits.
This blog has been revised–after I posted the original blog, Guidestar posted AMTA’s latest 990. Since non-profits have a different filing schedule that the rest of us, it is not unusual for the “latest” 990 appearing on the website to be a year old or more. This revision reflects the 2012 filing. It was signed in October of 2012 and just made it to the Guidestar site within the past week. Thank you to Rachel Mann, VP of AMTA Board of Directors, for bringing it to my attention.
The American Massage Therapy Association is showing a net revenue of over $419K, compared to their loss for the previous year of almost $110K. Glad to see they’re out of the hole.
The revenue increased over $600K from the previous year.
AMTA compensates the members of their elected Board of Directors, in amounts ranging from $5000 for members-at-large to almost $40K for the President (during this filing, that was Glenath Moyle.) Executive Director Shelly Johnson was paid almost $261K–a drastic cut from the $316K plus almost $10K in “other” compensation that was paid out on the 2011 filing to the immediate past ED, Elizabeth Sublewski (aka Liz Lucas). Sublewski also received severance pay of over $82,000 on the 2011 return. On the 2012 return, she received almost $260K….apparently, it was quite expensive to the organization to get Sublewski off the job. My hope is that in the future, AMTA will negotiate executive contracts that are more favorable to the organization. Total salaries accounted for about 3.5 million; that is actually almost $500K less than they were the year before.
Over $11 million dollars worth of AMTA’s revenue came directly from membership dues. The remaining revenue is derived from sales of literature, convention sponsorships and booths, advertising, and investments.
AMTA has the same kind of expenses that any other business or organization does–office supplies, information technology, advertising, postage, banking and credit card processing fees, and so forth. None of it looks out of line, considering the size of the organization. AMTA represents over 57,000 members. They’ve seen recessions come and go and have survived them all. As a long-standing member myself, I have never seen service suffer in any way, whether it was a fat year or a lean year.
As an aside, I hear that Executive Director Shelly Johnson is stepping down later this spring to spend more time with family. She has done an excellent job during the 8 years she spent as Deputy Director, and since she stepped up into the ED position in 2010. She will be missed by the organization, and I wish her the best of luck.
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- An Alternative to CE Regulation (just in the nick of time)