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PROF­ITS UP AT AMA / While still lag­ging be­hind its pre-re­ces­sion per­for­mance, the AMA saw a profit of $23.9 mil­lion for 2010, up 44.8% from 2009.

While still lag­ging be­hind its to­tals from pre­re­ces­sion years, the Amer­i­can Med­i­cal As­so­ci­a­tion recorded a profit of $23.9 mil­lion for 2010, up 44.8% from 2009, ac­cord­ing to the as­so­ci­a­tion’s an­nual re­port. It was the AMA’s 11-straight year of op­er­at­ing prof­its and the sec­ond con­sec­u­tive year of growth af­ter prof­its plum­meted al­most 89.8% in 2008 to $2.5 mil­lion from $24.4 mil­lion in 2007. The AMA an­nual re­port in­cludes the or­ga­ni­za­tion’s for-profit op­er­a­tions, and it usu­ally dif­fers widely from its In­ter­nal Rev­enue Ser­vice Form 990, which pro­vides de­tails on not-for-profit op­er­a­tions only and showed a $13.7 mil­lion loss in 2009. The in­crease in profit was not gleaned from any one ma­jor source. Rev­enue from mem­ber­ship dues de­clined 9.9% to $38.1 mil­lion from $42.3 mil­lion in 2009. But ad­ver­tis­ing in­come from AMA pub­li­ca­tions was up 12.4% to $26.3 mil­lion from $23.4 mil­lion. In­come from “roy­al­ties and cre­den­tial­ing prod­ucts” in­creased 8.4% to $72 mil­lion from $66.4 mil­lion. The re­port notes that some $6.5 mil­lion in costs were not in­cluded last year be­cause of a 2009 “re­struc­tur­ing pro­gram” that in­cluded one-time sev­er­ance and other re­lated ben­e­fit costs. In line with a num­ber re­ported pre­vi­ously by Mod­ern Health­care, AMA mem­ber­ship is listed at ap­prox­i­mately 216,000, a 5.3% drop from the 228,000 listed in the 2009 an­nual re­port.

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