UMASS MEMORIAL HEALTH - MILFORD REGIONAL MEDICAL CENTER INC

EIN: 042103602 501(c)(3) Health Care

Milford, MA

Total Revenue
$292,776,405
Total Expenses
$301,549,614
Total Assets
$237,204,617
Net Assets
$77,071,703
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
MA
Principal Officer
Elizabeth Cadle
Phone
5084731190
Tax Period
2023-10-01 to 2024-09-30

UMASS MEMORIAL HEALTH - MILFORD REGIONAL MEDICAL CENTER INC, founded in 1903, is a major nonprofit in the Health Care sector that reported $292.8M in total revenue in fiscal year 2023.

Mission

UMass Memorial Health - Milford Regional Medical Center Inc's mission statement is to provide quality healthcare services to our community with dignity, compassion, and respect.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,176,278
Program Service Revenue $280,217,468
Investment Income $3,272,147
Other Revenue $8,110,512
TOTAL REVENUE $292,776,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,626,876
Fundraising Expenses $823,372
Program Expenses $256,622,609
Other Expenses $141,922,738
TOTAL EXPENSES $301,549,614

Year-over-Year Comparison

2023 2022 Change
Revenue $292,776,405 $296,685,780 0.0%
Expenses $301,549,614 $294,602,019 +0.0%
Net Income $-8,773,209 $2,083,761 -5.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
15
Independent Members
9
Employees
2131
Volunteers
269

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
1
$1,038,422
Total Directors
17
$370,533
Key Employees
8
$3,563,644
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Kelly President and CEO 40
Officer
$851,149 $187,273 $1,038,422
Peter Smulowitz Chief Medical Officer 40
Key Emp
$587,554 $79,980 $667,534
Nicole Thyne Executive VP and Chief Operating Officer 40
Key Emp
$569,260 $63,916 $633,176
Elizabeth Cadle VP Finance and CFO 40
Key Emp
$375,036 $70,202 $445,238
Bert Thurlo-Walsh Chief Quality Officer 40
Key Emp
$382,220 $59,938 $442,158
Judy Kelly VP of Patient Care Services 40
Key Emp
$372,469 $59,989 $432,458
Alice Hall VP Human Resources 40
Key Emp
$339,739 $56,405 $396,144
Andrew Willment MD Trustee 40
Director
$0 $17,936 $370,533
Emily Quinn VP Philanthropy 40
Key Emp
$260,449 $48,105 $308,554
Tricia Oliver VP Marketing PR Communications 40
Key Emp
$193,089 $45,293 $238,382
Gordon Lewis Treasurer 1
Director
$0 $0 $0
William Muller MD Trustee 1
Director
$0 $0 $0
Beverly Swymer Trustee 1
Director
$0 $0 $0
Mary O'Neill MD Trustee 1
Director
$0 $0 $0
Christopher Foley Trustee 1
Director
$0 $0 $0
Anthony Consigli Chair 1
Director
$0 $0 $0
John Fernandes Trustee 1
Director
$0 $0 $0
Brian Earley Vice Chair 1
Director
$0 $0 $0
Linda Mancini Trustee 1
Director
$0 $0 $0
Denise Brookhouse Clerk 1
Director
$0 $0 $0
Shefali Desai Trustee 1
Director
$0 $0 $0
Jamie Doucette Trustee 1
Director
$0 $0 $0
Sandra Clark Trustee 1
Director
$0 $0 $0
Jeffrey Nutting Trustee 1
Director
$0 $0 $0
Barbara Gilmore Trustee 1
Director
$0 $0 $0
Gerald Gaudette Trustee 1
Director
$0 $0 $0
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 $292,776,405 $301,549,614 $237,204,617 $-8,773,209
2023 $296,685,780 $294,602,019 $240,533,459 $2,083,761
2023 $296,685,780 $294,602,019 $240,533,459 $2,083,761
2022 $279,463,994 $272,941,906 $249,153,526 $6,522,088
2021 $246,949,758 $251,346,854 $294,392,127 $-4,397,096
2020 $231,973,056 $226,079,379 $298,103,597 $5,893,677
2019 $234,992,582 $218,946,361 $269,524,029 $16,046,221
2018 $223,131,839 $213,496,455 $253,763,065 $9,635,384
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare UMASS MEMORIAL HEALTH - MILFORD REGIONAL MEDICAL CENTER INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.