MASSACHUSETTS HEALTH & HOSPITAL ASSOC INC (EIN 042106700) - Form 990 Financial Analysis & Trantor Score

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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

1936

Legal Domicile

Principal Officer

STEVEN M WALSH

Phone

7812626000

Tax Period

2023-10-01 to 2024-09-30

MASSACHUSETTS HEALTH & HOSPITAL ASSOC INC, founded in 1936, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Expenses of $12.8M left a modest 6% surplus.

Mission

TO ADVANCE THE HEALTH OF INDIVIDUALS AND COMMUNITIES BY SERVING AS (CONTINUED ON SCHEDULE O)THE LEADING VOICE FOR ALL MASSACHUSETTS HOSPITALS AND HEALTHCARE SYSTEMS AND TO HELP THEM PROVIDE HIGH QUALITY, COST-EFFECTIVE AND EQUITABLE PATIENT CARE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,928,129

Investment Income $1,803,278

Other Revenue $903,020

TOTAL REVENUE $13,634,427

Expense Breakdown

Grants Paid $79,156

Salaries & Benefits $8,028,894

Fundraising Expenses $0

Other Expenses $4,658,998

TOTAL EXPENSES $12,767,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,634,427	$13,723,599	0.0%
Expenses	$12,767,048	$11,802,861	+0.1%
Net Income	$867,379	$1,920,738	-0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$2,439,868

Total Directors

$1,319,239

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN M WALSH	PRESIDENT & CEO	37.50	Officer Director	$998,732	$320,507	$1,319,239
KEVIN B CHURCHWELL MD	PAST CHAIR MOST RECENTLY RETIRED	1.00	Officer Director	$0	$0	$0
CHRISTINE C SCHUSTER RNMBA	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN TABB MD	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL K LAUF MBA	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ANNE KLIBANSKI MD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL J DANDORPH MBA	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC WDICKSONMDMHCMFACEP	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA M PAGE PT MHPFACHE	CCC CHAIR	1.00	Director	$0	$0	$0
SPIROS HATIRAS FACHE	SCOPA CHAIR	1.00	Director	$0	$0	$0
NANCY W GADEN RNDNPNEA-BC	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH R BETANCOURT MDMPH	SCODHEI CHAIR	1.00	Director	$0	$0	$0
PETER J HEALY MHA	DIRECTOR	1.00	Director	$0	$0	$0
THEA L JAMES MD FACEP	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN B JACKSON MBA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS H LEE MD MSC	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
PRATT NORTON WILEY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BITSOLI MBA CPA	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA CLOUGH MS RN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL P ROWAN MHSA	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
ASSAAD J SAYAH MD FACEP	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE B BREWER MPH	DIRECTOR	1.00	Director	$0	$0	$0
LYNNETTE M WATKINS MD MBA	DIRECTOR (THRU 07/31/2024)	1.00	Director	$0	$0	$0
DARLENE M RODOWICZMBAFHFMA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE H GLIMCHER MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SD HIGGINS MD MSHA	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
SAMUEL J SKURA MPH MBA	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN L SMITH MD MS	DIRECTOR (AS OF 03/21/2024)	1.00	Director	$0	$0	$0
ALASTAIR G BELL MD MBA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
DAVID O MCCREADY MBA MHA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
SUSAN MOFFATT-BRUCE MD PHD	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
ROZANNA PENNEY CRNA MBA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
MICHAEL SROCZYNSKI	EVP, GOVT. ADVOCACY & GEN. COUNSEL	37.50	Officer	$378,685	$45,447	$424,132
VALERIE FLEISHMAN	EVP & CINO	37.50	Officer	$383,085	$50,046	$433,131
JAMES VAHEY	CFO	37.50	Officer	$228,165	$35,201	$263,366
DANIEL MCHALE	SVP, HEALTHCARE FINANCE & POLICY	37.50	Highest	$207,376	$39,180	$246,556
PATRICIA NOGA	VP, CLINICAL AFFAIRS	37.50	Highest	$261,065	$37,572	$298,637
SAMUEL MELNICK	CHIEF COMMUNICATIONS OFFICER	37.50	Highest	$224,320	$19,688	$244,008
ANU PURI	EXECUTIVE DIR., CHIEF DATA OFFICER	37.50	Highest	$195,266	$40,123	$235,389
EMILY DULONG	VP, GOVT. ADVOCACY & PUBLIC POLICY	37.50	Highest	$201,076	$21,558	$222,634

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	$13,634,427	$12,767,048	$19,575,357	$867,379
2023	$13,723,599	$11,802,861	$19,428,216	$1,920,738
2022	$12,472,457	$11,357,655	$15,745,264	$1,114,802
2021	$10,974,960	$12,418,942	$18,521,791	$-1,443,982
2020	$11,071,435	$10,519,868	$22,738,188	$551,567
2019	$31,794,019	$22,837,866	$17,968,549	$8,956,153
2018	$12,036,556	$24,267,768	$28,434,258	$-12,231,212

MASSACHUSETTS HEALTH & HOSPITAL ASSOC INC