MOUNT AUBURN HOSPITAL

EIN: 042103606 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$359,721,670
Total Expenses
$370,609,153
Total Assets
$409,856,849
Net Assets
$200,688,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1871
Legal Domicile
MA
Principal Officer
KEVIN TABB MD
Phone
6174995021
Tax Period
2023-10-01 to 2024-09-30

MOUNT AUBURN HOSPITAL, founded in 1871, is a major nonprofit in the Health Care sector that reported $359.7M in total revenue in fiscal year 2023.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, MOUNT AUBURN HOSPITAL 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. A TAX GROSS-UP PAYMENT WAS PROVIDED TO ONE KEY EMPLOYEE DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION. A HOUSING ALLOWANCE WAS PROVIDED TO ONE KEY EMPLOYEE DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

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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 $4,015,179
Program Service Revenue $342,256,368
Investment Income $3,101,996
Other Revenue $10,348,127
TOTAL REVENUE $359,721,670

Expense Breakdown

Grants Paid $614,479
Salaries & Benefits $150,635,686
Fundraising Expenses $1,529,036
Program Expenses $315,411,622
Other Expenses $219,314,646
TOTAL EXPENSES $370,609,153

Year-over-Year Comparison

2023 2022 Change
Revenue $359,721,670 $366,578,629 0.0%
Expenses $370,609,153 $390,826,243 -0.1%
Net Income $-10,887,483 $-24,247,614 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
21
Employees
2267
Volunteers
56

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
9
$10,043,337
Total Directors
26
$4,444,698
Key Employees
5
$2,304,381
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEALY PETER TTEE (EXO) (DIV PRES, METRO BOSTON) 1.00
Director
$0 $84,548 $1,682,157
SHORETT PETER TTEE(CEO DESIG) (SR EVP & COO, BILH) 1.00
Director
$0 $48,246 $1,607,722
HUANG MD EDWIN TRUSTEE (EX-OFFICIO) & PRESIDENT 55.00
Officer Director
$793,316 $55,110 $848,426
SPIVAK MD BARBARA TTEE (EX-OFF) (PRES, MACIPA) 1.00
Director
$0 $32,151 $305,143
HAFT MD RACHEL TRUSTEE; PRIMARY CARE PHYSICIAN 55.00
Director
$1,250 $0 $1,250
BEAMS MARY ELIZABETH TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
MACOMBER JOHN TRUSTEE & CHAIR 1.00
Officer Director
$0 $0 $0
BARRON KENNETH S TRUSTEE 1.00
Director
$0 $0 $0
BERMAN MANDY LEE TRUSTEE 1.00
Director
$0 $0 $0
BOWMAN MANIKKA TRUSTEE 1.00
Director
$0 $0 $0
CALANO DANIEL TRUSTEE 1.00
Director
$0 $0 $0
DIGIOVANNI JOHN TRUSTEE 1.00
Director
$0 $0 $0
ELKINS BRENT A TRUSTEE 1.00
Director
$0 $0 $0
GREENWALD ROY TRUSTEE 1.00
Director
$0 $0 $0
LAPP KATHERINE TRUSTEE 1.00
Director
$0 $0 $0
MAHIGA MALIVA TRUSTEE 1.00
Director
$0 $0 $0
POND MD KYLE TRUSTEE 1.00
Director
$0 $0 $0
SAAL MD KIM A TRUSTEE 1.00
Director
$0 $0 $0
SHACHOY CHRISTOPHER TTEE (EXOFF) (PRES, BOARD ADVISORS) 1.00
Director
$0 $0 $0
SHORTSLEEVE MD MICHAEL TRUSTEE; CHAIR, DEPT OF RADIOLOGY 1.00
Director
$0 $0 $0
SMERLAS DONNA TTEE (EX-OFF) (PRES, AUXILIARY) 1.00
Director
$0 $0 $0
SPENCER MD JACQUELINE TRUSTEE 1.00
Director
$0 $0 $0
SPURLOCK SUSAN TRUSTEE 1.00
Director
$0 $0 $0
STEVENSON HOWARD H TRUSTEE 1.00
Director
$0 $0 $0
TIDWELL NATASHIA TRUSTEE 1.00
Director
$0 $0 $0
WOLFE LESLIE TRUSTEE 1.00
Director
$0 $0 $0
TABB MD KEVIN CEO (EX-OFF) (CEO, BILH) 1.00
Officer
$0 $1,097,028 $5,410,415
RIOS CINDY TREAS (EX-OFF) (EXEC VP & CFO, BILH) 1.00
Officer
$0 $217,736 $1,689,163
KATZ ESQ JAMIE CLERK (EX-OFF); GENERAL COUNSEL BILH 1.00
Officer
$0 $32,002 $1,302,177
SMITH MBA BRIAN ASST TREAS; CFO, METRO BOSTON & MAH 1.00
Officer
$0 $33,643 $335,100
FISHMAN AARON ASST TREAS (EX-OFF) & CFO 1.00
Officer
$0 $32,186 $271,757
GEVITZ ESQ KATHRYN ASST CLERK (ASST GEN COUNSEL, BILH) 1.00
Officer
$0 $18,914 $186,299
O'BRIEN BETH INTERIM COO 55.00
Key Emp
$852,391 $0 $852,391
GOLEN MD TONI CHIEF MEDICAL OFFICER 55.00
Key Emp
$424,136 $74,841 $498,977
BONO DIANE VP, HUMAN RESOURCES 55.00
Key Emp
$408,090 $29,057 $437,147
BOYD DNP MHA RN KIRSTEN CHIEF NURSING OFFICER 1.00
Key Emp
$0 $30,574 $282,860
TUSALEM RN GERI INTERIM CHIEF NURSING OFFICER 55.00
Key Emp
$210,021 $22,985 $233,006
STARNBACH MD AILEEN G COMMUNITY CHIEF OF ANESTHESIA 55.00
Highest
$687,097 $35,765 $722,862
GLICKSMAN MD ZACHARY S ANESTHESIOLOGIST 55.00
Highest
$621,642 $34,780 $656,422
ALVARADO MD PATRICK ANESTHESIOLOGIST 55.00
Highest
$558,319 $48,620 $606,939
THOMSON MD MPH CAREY CHAIR, DEPARTMENT OF MEDICINE 55.00
Highest
$528,532 $30,055 $558,587
SEHRA MD SHIV RHEUMATOLOGIST (ENDED 9/30/24) 55.00
Highest
$363,134 $53,668 $416,802
WABLE CHAD FRMR TTEE (EX-OFF) & PRES 0.00
$500,000 $38,462 $538,462
MURPHY KEVIN FORMER INTERIM CFO 0.00
$147,500 $0 $147,500
FUSARO ERNEST FRMR INTERIM CHIEF FINANCIAL OFFICER 0.00
$133,027 $6,515 $139,542
BAKER RN DEBORAH FRMR SVP, PATIENT CARE SVCS AND CNO 0.00
$280,602 $172,318 $452,920
GUARINO RICHARD FORMER SVP, COO & INTERIM VP, CMO 0.00
$350,002 $13,462 $363,464
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 $359,721,670 $370,609,153 $409,856,849 $-10,887,483
2023 $366,578,629 $390,826,243 $390,492,416 $-24,247,614
2022 $361,856,188 $364,094,507 $393,992,850 $-2,238,319
2021 $349,841,972 $334,006,731 $476,118,951 $15,835,241
2020 $335,853,854 $318,273,910 $474,641,703 $17,579,944
2019 $349,647,545 $329,443,470 $441,503,907 $20,204,075
2018 $344,811,239 $325,097,050 $444,209,728 $19,714,189
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