EXETER MED REAL INC

EIN: 020418718

CHARLESTOWN, MA

Total Revenue
$7,816,428
Total Expenses
$8,880,309
Total Assets
$42,983,113
Net Assets
$42,770,715
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NH
Principal Officer
DEBRA CRESTA
Phone
6035806694
Tax Period
2023-10-01 to 2024-09-30

EXETER MED REAL INC, founded in 1989, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Expenses of $8.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, EXETER MED REAL, INC. OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,816,428
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,816,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,880,309
TOTAL EXPENSES $8,880,309

Year-over-Year Comparison

2023 2022 Change
Revenue $7,816,428 $7,253,698 +0.1%
Expenses $8,880,309 $8,529,701 +0.0%
Net Income $-1,063,881 $-1,276,003 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,823,528
Total Directors
4
$2,831,209
Key Employees
2
$689,133
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRESTA DEBRA TTEE, PRES, CHAIR, & SEC (PRES, EHR) 1.00
Officer Director
$0 $16,277 $1,115,031
CASASSA ALLISON J TTEE, TREAS, & CFO (CFO, EHR & EH) 1.00
Officer Director
$0 $23,250 $708,497
WHITNEY MARK TTEE (VP STRAT/COMM REL/MKTG, EHR) 1.00
Director
$0 $64,910 $630,774
GINGRAS KELLY L TTEE (VP, ACCTING & FIN, EHR & EH) 1.00
Director
$0 $44,412 $376,907
LEVESQUE SHANNON VP, HUMAN RESOURCES 1.00
Key Emp
$0 $45,108 $440,032
GARGANTA AARON SENIOR DIR ENG. & PHYS. ENVIRONMENT 1.00
Key Emp
$0 $14,383 $249,101
CALLAHAN KEVIN J FORMER TRUSTEE, PRESIDENT, & CLERK 0.00
$0 $367,707 $2,116,778
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,816,428 $8,880,309 $42,983,113 $-1,063,881
2023 $7,253,698 $8,529,701 $43,744,457 $-1,276,003
2022 $7,393,186 $8,194,876 $47,047,072 $-801,690
2021 $7,175,126 $8,196,639 $48,444,143 $-1,021,513
2020 $6,592,181 $7,351,603 $49,284,002 $-759,422
2019 $5,404,501 $5,973,941 $39,174,988 $-569,440
2018 $5,231,720 $5,462,672 $31,090,395 $-230,952
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