The American Hospital Associations profits and revenue fell in 2006 as its realized investment returns tumbled, but the Chicago-based trade group still reported an $11.1 million gain for the year.
The year-end profit is down roughly 40% from $18.4 million in 2005, according to the
associations yearly Internal Revenue Service filing. The AHA posted 2006 revenue of
$100.7 million, down about 2% from $102.3 million a year earlier. Investment revenue
plummeted 46% in 2006 to $7.6 million after spiking more than 60% in 2005 to $14.2
million. Meanwhile, dues revenue rose 5% for the third consecutive year to $65.7 million.
Expenses climbed about 7% to $89.6 million.
Richard Davidson, who stepped down Jan. 1 after 15 years as AHA president, received total
compensation of $1.5 million, down 18% from nearly $1.9 million in 2005. Davidsons
successor, Richard Umbdenstock, who started as the AHA's chief operating officer in June
2006, received total compensation of $761,944 in 2006. -- by href="mailto:[email protected]">Melanie Evans
href="mailto:[email protected]">Melanie Evans
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