Over the next few blogs, I will be posting about the financial health of massage therapy organizations that are non-profit. First up is AMTA. As non-profits are on a different schedule than taxpayers, 2023 is the last year that is currently available. Their Form 990 is labeled as such, although technically their tax year for this filing is for the time period beginning 03/01/2023 and ending 02/29/2024. Information comes from www.guidestar.org.
AMTA is in sound financial health. Their total revenue for this filing is $22,691,933, a gain of over $1.7M from the previous year. Over $18,000,000 of that came from member dues. Their total expenses for the year were 22,523,607.
They awarded $598,997 in grants (AMTA supports the Massage Therapy Foundation as well as the Commission on Massage Therapy Accreditation and also gives scholarships).
At the time of this filing, Bill Brown was still the executive director. He received just under $450,000 in salary and other compensation. Lisa Stegink, CEO and general counsel received over $363,000 in salary and other compensation, and Jeffrey Flom, CEO, received over $325,000 in salary and other compensation. Six other department directors received a minimum of $150,000 up to $191,000 in salary and other compensation.
AMTA spent over $969,000 on lobbying for the good of the massage therapy profession.
AMTA has $46,741,102 in assets, minus $17,004,290 in liabilities, leaving them with $29,736,812 in net assets and fund balances.
Although the exact number is not given, AMTA’s website says they have over 100,000 members. AMTA was founded in 1943. In other words, they have managed their finances well, and they’re not going out of business.