The Financial Health of Our Organizations: COMTA
Thank you for your interest in my annual reports on the financial status of the major non-profit organizations of the massage therapy profession. I am not an accountant or a financial expert. This information was taken directly from FORM 990, the Return of Organization Exempt from Income Tax, which is published on Guidestar. This filing is for COMTA‘s fiscal year ending 2-29-2012. Non-profits are on a different tax filing schedule than the rest of us.
COMTA, the Commission on Massage Therapy Accreditation, seems to be losing ground both financially and as an accreditation body. According to their website, they are down to just 68 accredited schools. It has always been distressing to me that more school owners and program directors don’t seek out accreditation, and I don’t believe they’ve ever had more than 100 accredited at any one time. The backward trend is not a good thing.
COMTA is a smaller organization than most of the other non-profits, because of the nature of their work. They are not a membership organization and they don’t have a big staff.
COMTA’s Executive Director doesn’t receive anywhere near the amount of compensation of those in comparable positions in the membership organizations; Kate Ivane Henri Zulaski’s salary is currently listed at $80,426 in reportable compensation from the organization, and an additional amount of $12,000 is listed as compensation from the organization and other related organizations. However, that is a pretty big jump from three years ago, when it was slightly over $57,000. Since the organization seems to be on a downhill slide at the moment, $23,000 worth of raises in three years seems a little bit optimistic while revenues are going down. Their October 2013 update listed 13 schools that have voluntarily withdrawn; the March 2013 lists three others, plus one school that closed, for a total loss of 17 schools this year. READ MORE….