FRAMINGHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEART CENTER OF METRO WEST INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $11.0M in total revenue in fiscal year 2020. Revenue grew 16% year-over-year, indicating healthy expansion.
TO PROMATE THE HEALTH OF THE COMMUNITIES IT SERVES BY PROVIDING CLINICALLY SUPERIOR, COST EFFECTIVE AND COORDINATED HEALTH CARE SERVICES FOR THE PREVENTION, DIAGNOSIS, TREATMENT AND CURE OF HUMAN DISEASE; AND TO CONDUCT AND CARRY ON THE PRACTICE OF MEDICINE AND SURGERY AND ENGAGE IN ALL SERVICES, RESEARCH AND OTHER ACTIVITIES ANCILLARY THERETO, EITHER ALONE OR IN ASSOCIATION WITH HOSPITALS, CLINICS OR OTHER MEDICAL INSTITUTIONS, ASSOCATIONS, PARTNERSHIPS, CORPORATIONS, FIRMS OR INDIVIDUALS, AND TO RENDER SAID PROFESSIONAL MEDICAL SERVICES TO THE GENERAL PUBLIC, OR TO HOSPITALS, CLINICS AND/OR SIMILAR MEDICAL CENTERS OR FACILITIES AND TO PROFESSIONALLY OVERSEE SAME, ALL SUBJECT TO ALL REQUIREMENTS OF LAW AND IN COMPLIANCE WITH THE ETHICAL STANDARDS OF THE MEDICAL PROFESSION, AND IN ADDITION, TO PROVIDE MEDICAL EDUCATION FOR PHYSICIANS, MEDICAL STUDENTS, AND MEMBERS OF THE COMMUNITY.
CLINICAL SERVICES: HCMW PHYSICIANS PROVIDE COMPREHENSIVE CARDIOLOGY CONSULTATIVE SERVICES FOR ALL MANNER OF CARDIAC CONDITIONS, INCLUDING PRE-SURGICAL EVALUATION, SECOND OPINION CONSULTATIONS AND...
CLINICAL SERVICES: HCMW PHYSICIANS PROVIDE COMPREHENSIVE CARDIOLOGY CONSULTATIVE SERVICES FOR ALL MANNER OF CARDIAC CONDITIONS, INCLUDING PRE-SURGICAL EVALUATION, SECOND OPINION CONSULTATIONS AND ONGOING FOLLOW-UP FOR EXISTING PATIENTS IN THE METROWEST BOSTON AREA, WITHOUT REGARD TO ABILITY TO PAY. DURING THE PERIOD COVERED BY THIS FILING, HCMW HAD 65,005 CLINICAL ENCOUNTERS PROVIDING THE FOLLOWING SERVICES: CARDIOLOGY CONSULTATION FOR OUT PATIENTS AND IN PATIENTS, CARDIAC CATH LAB, CARDIAC REHAB SERVICES; ELECTROPHSIOLOGY SERVICES, WOMEN'S CARDIOVASCULAR CLINIC, ECHOCARDIOGRAPHY, STRESS TESTING, NUCLEAR IMAGING, STRESS ECHOCARDIOGRAPHY, PACEMAKER AND DEFIBILLATOR CLINIC ANTICOAGULATION CLINIC AND CHOLESTEROL CLINIC. FOR THE PERIOD ENDED 09/30/2021, HCMW RECORED $279,273 OF UNCOMPENSATED CARE.
MEDICAL EDUCATION: CARDIOLOGISTS FROM HCMW ENGAGED IN VARIOUS TYPES OF TEACHING AND TRAINING ON A REGULAR BASIS. AS PART OF THESE ACTIVITIES, DURING THE FISCAL PERIOD COVERED BY THIS RETURN, HCMW...
MEDICAL EDUCATION: CARDIOLOGISTS FROM HCMW ENGAGED IN VARIOUS TYPES OF TEACHING AND TRAINING ON A REGULAR BASIS. AS PART OF THESE ACTIVITIES, DURING THE FISCAL PERIOD COVERED BY THIS RETURN, HCMW CARDIOLOGISTS DEVOTED SIGNFICANT TIME TO CARDIAC CARE UNIT ROUNDS AND CARDIOLOGY GRAND ROUNDS AS WELL AS PROVIDING CLASSROOM INSTRUCTION AND LECTURES. THE HEART CENTER INCURRED EXPENSES AMOUNTING TO $183,831, ON MEDICAL EDUCATION AND RECEIVED REVENUES OF $208,950 DURING THIS PERIOD.
COMMUNITY EDUCATION AND OUTREACH: CARDIOLOGISTS FROM HCMW ENGAGE IN VARIOUS TYPES OF TEACHING AND TRAINING ON A REGULAR BASIS. EACH YEAR HCMW COORDINATES A CARDIOLOGY LECTURE SERIES WITH OTHER...
COMMUNITY EDUCATION AND OUTREACH: CARDIOLOGISTS FROM HCMW ENGAGE IN VARIOUS TYPES OF TEACHING AND TRAINING ON A REGULAR BASIS. EACH YEAR HCMW COORDINATES A CARDIOLOGY LECTURE SERIES WITH OTHER INSTITUTIONS TO PROVIDE INFORMATION TO THE COMMUNITY ON A VARIETY OF CARDIAC ISSUES. FOR THE PERIOD COVERED BY THIS FILING, HCMW PHYSICIANS PARTICIPATED IN A COMMUNITY LECTURE SERIES WHERE A BLOOD PLESSURE AND CHOLESTEROL SCREENING WAS PROVIDED. HCMW ALSO HOLDS AN IMPLANTABLE CARDIOVERTER DEFIBILLATOR (ICD) SUPPORT GROUP AT LEAST TWICE PER YEAR FOR PATIENTS WHO HAVE ICD IMPLANTS. DURING THE MONTH OF FEBRUARY, (WOMAN & HEART DISEASE AWARENESS MONTH), THE HCMW PHYSICIANS AND STAFF WORK TOGETHER, PARTNERING WITH THE YMCA, TO INCREASE COMMUNITY AWARENESS OF HEART DISEASE ISSUES. THE EXPENSES FOR COMMUNITY EDUCATION AND OUTREACH ARE MINIMAL AND NOT ALLOCABLE. HOWEVER THE DOCTORS DONATE THEIR TIME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $11,040,564 | $9,548,559 | +0.2% |
| Expenses | $11,407,550 | $10,112,118 | +0.1% |
| Net Income | $-366,986 | $-563,559 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES ALDERMAN | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,862 | $570,317 |
| HARVEY GOLDFINE | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,272 | $510,215 |
| DAVID YOUNG | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,819 | $527,502 |
| ERIC DAVIDSON | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,879 | $571,285 |
| CHRISTOPHER GANGE | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,879 | $575,165 |
| ELIZABETH ASCHER | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $28,588 | $153,789 |
| ALAN ROSEN | PHYSICIAN/TRUSTEE (UNTIL 6/30/21) | 1.00 |
Director
|
$0 | $38,879 | $569,185 |
| MARVIN KONSTAM MD | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $39,107 | $739,323 |
| PATRICK BLOMBERG | PRESIDENT (UNTIL 6/30/21) | 1.00 |
Officer
Director
|
$0 | $38,337 | $578,548 |
| GEORGE KINZFOGL | TREASURER (UNTIL 6/30/21) | 1.00 |
Officer
Director
|
$0 | $38,879 | $574,680 |
| DONALD LOVE | CLERK (UNTIL 6/30/21) | 1.00 |
Officer
Director
|
$0 | $38,879 | $570,345 |
| ASSAD SIDDIQI | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| LAUREN RIPLEY | CLERK | 1.00 |
Officer
|
$0 | $11,854 | $184,501 |
| BOBBI FRIED | MANAGER | 40.00 |
Key Emp
|
$240,933 | $11,333 | $252,266 |
| CYNTHIA GOSSELIN | NURSE PRACTITIONER | 40.00 |
Highest
|
$115,063 | $8,321 | $123,384 |
| MARY OULLETTE | OPERATIONS MANAGER | 40.00 |
Highest
|
$135,413 | $3,288 | $138,701 |
| BOBBI COODE | NURSE PRACTITIONER | 40.00 |
Highest
|
$124,523 | $3,234 | $127,757 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $11,040,564 | $11,407,550 | $2,897,230 | $-366,986 |
| 2020 | $9,548,559 | $10,112,118 | $3,114,364 | $-563,559 |
| 2019 | $9,706,621 | $9,829,319 | $2,775,162 | $-122,698 |
| 2018 | $9,627,648 | $9,654,632 | $2,747,598 | $-26,984 |
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