WALTHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MASSACHUSETTS MEDICAL SOCIETY, founded in 1781, is a major nonprofit that reported $148.7M in total revenue in fiscal year 2024. Expenses of $132.9M left a modest 11% surplus.
TO ADVANCE MEDICAL KNOWLEDGE, TO DEVELOP AND MAINTAIN THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS OF MEDICAL PRACTICE AND HEALTH CARE, AND TO PROMOTE MEDICAL INSTITUTIONS FORMED ON LIBERAL PRINCIPLES FOR THE HEALTH, BENEFIT, AND WELFARE OF THE CITIZENS OF MASSACHUSETTS.
PUBLISHING MEDICAL INFORMATION:AS A STATE MEDICAL SOCIETY, THE MMS IS IN THE UNIQUE POSITION OF MANAGING A WORLD-WIDE BRAND, NEJM GROUP. NEJM GROUP PUBLISHES THE NEW ENGLAND JOURNAL OF MEDICINE...
PUBLISHING MEDICAL INFORMATION:AS A STATE MEDICAL SOCIETY, THE MMS IS IN THE UNIQUE POSITION OF MANAGING A WORLD-WIDE BRAND, NEJM GROUP. NEJM GROUP PUBLISHES THE NEW ENGLAND JOURNAL OF MEDICINE (NEJM), NEJM JOURNAL WATCH, NEJM CATALYST, NEJM EVIDENCE, AND NEJM AI. AS THE FLAGSHIP OF NEJM GROUP, NEJM IS RECOGNIZED AS THE WORLD'S LEADING GENERAL MEDICAL JOURNAL. NEJM DELIVERS HIGH-QUALITY, PEER-REVIEWED RESEARCH AND INTERACTIVE CLINICAL CONTENT TO PHYSICIANS, EDUCATORS, RESEARCHERS, AND THE GLOBAL MEDICAL COMMUNITY. NEJM'S MISSION IS TO PUBLISH THE BEST RESEARCH AND INFORMATION AT THE INTERSECTION OF BIOMEDICAL SCIENCE AND CLINICAL PRACTICE AND TO PRESENT THIS INFORMATION IN UNDERSTANDABLE, CLINICALLY USEFUL FORMATS THAT INFORM HEALTH CARE DELIVERY AND IMPROVE PATIENT OUTCOMES. NEJM KEEPS HEALTH CARE PROFESSIONALS AT THE LEADING EDGE OF MEDICAL KNOWLEDGE, HELPS THEM TO GAIN BROAD UNDERSTANDING IN THEIR AREAS OF INTEREST, AND PROVIDES A VARIETY OF ENGAGING AND INNOVATIVE WAYS TO LEARN. NEJM HAS MORE THAN ONE MILLION READERS FROM NEARLY EVERY COUNTRY.
EDUCATION: TOGETHER, MMS AND NEJM GROUP PROVIDE UNPARALLELED CONTENT AND EDUCATION SERVICES TO REACH PRACTICING HEALTH CARE PROFESSIONALS AND IMPROVE PATIENT CARE. THE MASSACHUSETTS MEDICAL SOCIETY...
EDUCATION: TOGETHER, MMS AND NEJM GROUP PROVIDE UNPARALLELED CONTENT AND EDUCATION SERVICES TO REACH PRACTICING HEALTH CARE PROFESSIONALS AND IMPROVE PATIENT CARE. THE MASSACHUSETTS MEDICAL SOCIETY RECEIVED ACCREDITATION WITH COMMENDATION BY THE ACCME AND HAS MAINTAINED THIS CERTIFICATION OF EXCELLENCE SINCE THE PROGRAM'S INCEPTION. THROUGH OUR CONTINUING MEDICAL EDUCATION PROGRAM (CME), THE MASSACHUSETTS MEDICAL SOCIETY (MMS) SEEKS TO ENABLE CLINICALLY RELEVANT AND VALUABLE LEARNING, FRAMED BY THE BEST AVAILABLE EVIDENCE, DESIGNED TO ADVANCE THE QUALITY, ACCESSIBILITY, SAFETY, AND COST-EFFECTIVENESS OF HEALTH CARE FOR PATIENTS AND THE PUBLIC WHILE PROMOTING CLINICIAN PROFESSIONALISM AND WELLNESS. IN SUMMARY, WE SEEK TO ENSURE OPTIMAL HEALTH AND WELL-BEING OF PATIENTS AND PROVIDERS.
MEMBER SERVICES: THE MASSACHUSETTS MEDICAL SOCIETY (MMS) IS THE STATEWIDE PROFESSIONAL ASSOCIATION FOR PHYSICIANS AND MEDICAL STUDENTS, SUPPORTING APPROXIMATELY 23,000 MEMBERS. THE MMS IS DEDICATED...
MEMBER SERVICES: THE MASSACHUSETTS MEDICAL SOCIETY (MMS) IS THE STATEWIDE PROFESSIONAL ASSOCIATION FOR PHYSICIANS AND MEDICAL STUDENTS, SUPPORTING APPROXIMATELY 23,000 MEMBERS. THE MMS IS DEDICATED TO EDUCATING AND ADVOCATING FOR THE PHYSICIANS OF MASSACHUSETTS AND PATIENTS LOCALLY AND NATIONALLY. A LEADERSHIP VOICE IN HEALTH CARE, THE MMS CONTRIBUTES PHYSICIAN AND PATIENT PERSPECTIVES TO INFLUENCE HEALTH-RELATED LEGISLATION AT THE STATE AND FEDERAL LEVELS. THROUGH FY25, MMS - THE STATE'S LARGEST PHYSICIAN-LED MEMBERSHIP ORGANIZATION - CONTINUED TO BE A SOURCE OF PROFESSIONAL SUPPORT AND EDUCATION FOR PHYSICIANS WHILE ADVOCATING FOR PHYSICIANS AND PATIENTS. MEMBERS ACTIVELY PARTICIPATED IN ADVANCING A RANGE OF MMS INITIATIVES AND ACTIVITIES ALIGNED WITH THE ORGANIZATION'S MISSION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $148,660,138 | $138,011,798 | +0.1% |
| Expenses | $132,886,407 | $133,285,279 | 0.0% |
| Net Income | $15,773,731 | $4,726,519 | +2.3% |
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 |
|---|---|---|---|---|---|---|
| HUGH M TAYLOR | PRESIDENT | 20.00 |
Officer
Director
|
$138,542 | $0 | $138,542 |
| OLIVIA LIAO | PRESIDENT-ELECT | 12.00 |
Officer
Director
|
$48,875 | $23,000 | $71,875 |
| LEE S PERRIN | SECRETARY-TREASURER | 12.00 |
Officer
Director
|
$2,083 | $12,500 | $14,583 |
| ELI FREIMAN MD FAAP | SPEAKER | 3.00 |
Officer
Director
|
$19,792 | $0 | $19,792 |
| BARBARA SPIVAK | TRUSTEE, FORMER PRESIDENT | 0.30 |
Officer
Director
|
$100,438 | $0 | $100,438 |
| JEAN M BRUCH MD DMD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER GAROFALO MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| KENATH J SHAMIR MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| DAVID T GOLDEN MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| ANN B SPIRES MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| THOMAS A MURRAY III MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| FLORA F SADRI-AZARBAYANI DO | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| JAMES K WANG MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| KATHERINE J ATKINSON MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| ANA-CRISTINA VASILESCU MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| PAULA JO CARBONE MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| NIDHI K LAL MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| JOHN A DELOGE MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| NICOLAS ARGY MD JD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| SIMONE S WILDES MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| GEORGE J CLAIRMONT MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| S JAY JAYASANKAR MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| MANJUL SHUKLA MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| JOHN R BOGDASARIAN MD | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| CHARLES ROUSSEL MBA | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| TIFFANY BELLOMO MD | RESIDENT TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| SENILA YASMIN | STUDENT TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| LOIS DEHLS CORNELL | EXECUTIVE VICE PRESIDENT | 50.00 |
Officer
|
$686,768 | $67,204 | $753,972 |
| PAUL SHANNON | VICE PRESIDENT, FINANCE | 50.00 |
Officer
|
$365,546 | $61,297 | $426,843 |
| GRAYSON ARMSTRONG | VICE SPEAKER | 3.00 |
Officer
|
$7,292 | $0 | $7,292 |
| DAVID SAMPSON | VP NEJM GROUP | 50.00 |
Key Emp
|
$488,947 | $67,204 | $556,151 |
| THERESA E SCIARAPPA | SENIOR VP, COO | 50.00 |
Key Emp
|
$554,325 | $56,173 | $610,498 |
| ERIC JOSEPH RUBIN MD | EDITOR-IN-CHIEF | 50.00 |
Highest
|
$657,559 | $63,129 | $720,688 |
| ROBERT J STUART | VP / CHIEF DIGITAL OFFIC | 50.00 |
Highest
|
$456,917 | $61,082 | $517,999 |
| MARY BETH E HAMEL MD | EXECUTIVE EDITOR | 50.00 |
Highest
|
$449,370 | $68,261 | $517,631 |
| DARREN TAICHMAN MD | DEPUTY EDITOR | 50.00 |
Highest
|
$441,561 | $69,985 | $511,546 |
| JAMES PHIMISTER | MANAGING DIRECTOR, NEW BUSINESS & STRATEGIC PARTNE | 50.00 |
Highest
|
$444,821 | $89,223 | $534,044 |
| JEFFREY M DRAZEN MD | EDITOR (CURRENT); FORMER E | 50.00 |
|
$422,806 | $56,687 | $479,493 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $148,660,138 | $132,886,407 | $309,838,514 | $15,773,731 |
| 2024 | $138,011,798 | $133,285,279 | $295,176,920 | $4,726,519 |
| 2023 | $125,843,070 | $136,334,544 | $281,862,619 | $-10,491,474 |
| 2022 | $157,568,130 | $137,145,677 | $298,279,224 | $20,422,453 |
| 2021 | $139,442,743 | $137,447,167 | $325,303,905 | $1,995,576 |
| 2020 | $131,501,375 | $142,729,781 | $286,857,197 | $-11,228,406 |
| 2019 | $135,083,380 | $142,636,840 | $291,874,604 | $-7,553,460 |
| 2018 | $145,878,840 | $134,510,829 | $302,796,191 | $11,368,011 |
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