The Journal of the Arkansas Medical Society Med Journal May 2020 Final 2 | Page 6

You take care
of Arkansas
WE TAKE
CARE OF
YOU
Security / HIPAA
Compliance
Medicare &
Medicaid Audits
Arkansas Medical Society
2020 BUDGET
INCOME
Dues
Journal
Annual Meeting
988,871.00
85,000.00
34,000.00
Website & Grants 241,000.00
Interest /Investment Income 100,000.00
Specialty Services 78,000.00
Educational Programs 80,000.00
Building Operating 395,125.00
TOTAL REVENUE 2,001,996.00
Transactions EXPENSE Medical
Medi
Malpractice Travel and Convention 49,000.00
AMA Delegation 36,000.00
Salaries
Employee
Matters President’s Account
846,000.00
6,000.00
Taxes 61,000.00
Retirement 91,500.00
Fraud & Abuse Stationery & Printing 24,000.00
Office Supplies & Expenses 48,000.00
Physician
Contracts &
Compensation Telephone - AMS 14,000.00
Postage, Communications, Web 31,000.00
Auditing 6,460.00
Operations &
Management Board & Executive Committee 7,000.00
Private Wealth
Services Gifts & Contributions AMS
Insurance & Bonds
Journal 63,000.00
Dues & Subscriptions 13,000.00
Legal Services
4,000.00
91,800.00
Public Relations 1,500.00
Miscellaneous Expense 4,000.00
Office Equipment & Furniture 9,000.00
AMS Resident & Student
Taking care of all the legal
needs of medical providers
191,773.00
6,000.00
Annual Meeting 30,000.00
Educational Programs 34,000.00
Investment Fees 20,400.00
Contract Lobbyist 16,000.00
Building Operating Exp
233,870.00
www.FRIDAYFIRM.com
TOTAL EXPENSE
246 • The Journal of the Arkansas Medical Society
1,938,303.00
www.ArkMed.org