LAWRENCE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AGESPAN INC, founded in 1974, is a major nonprofit in the Human Services sector that reported $133.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $128.1M left a modest 4% surplus.
TO ENSURE EVERYONE'S CHOICE TO LEAD FULFILLING LIVES AS THEY AGE.
SENIOR CARE OPTIONS (SCO) IS A VOLUNTARY MEDICARE ADVANTAGE HEALTH PLAN THAT COMBINES MEDICARE AND MASSHEALTH BENEFITS. SENIOR CARE OPTIONS IS A COMPREHENSIVE HEALTH PLAN THAT COVERS ALL OF THE...
SENIOR CARE OPTIONS (SCO) IS A VOLUNTARY MEDICARE ADVANTAGE HEALTH PLAN THAT COMBINES MEDICARE AND MASSHEALTH BENEFITS. SENIOR CARE OPTIONS IS A COMPREHENSIVE HEALTH PLAN THAT COVERS ALL OF THE SERVICES NORMALLY PAID FOR THROUGH MEDICARE AND MASSHEALTH. THIS PLAN PROVIDES SERVICES TO LOW-INCOME ADULTS AGED 65 AND OVER THROUGH A SENIOR CARE ORGANIZATION AND ITS NETWORK OF PROVIDERS. IT COMBINES HEALTH SERVICES WITH SOCIAL SERVICES BY COORDINATING CARE AND SPECIALIZED GERIATRIC SUPPORT SERVICES, ALONG WITH RESPITE CARE FOR FAMILIES AND CAREGIVERS. SCO OFFERS AN IMPORTANT ADVANTAGE FOR ELIGIBLE MEMBERS OVER TRADITIONAL FEE-FOR-SERVICE CARE. THERE ARE NO COPAYS FOR ENROLLED MEMBERS.
CHOICES: THE COMMUNITY CHOICE PROGRAM ALLOWS OLDER ADULTS WHO ARE ON MASSHEALTH TO RECEIVE EXPANDED CARE AT HOME, WHICH CAN DELAY OR PREVENT IMMINENT PLACEMENT IN A LONG-TERM CARE FACILITY...
CHOICES: THE COMMUNITY CHOICE PROGRAM ALLOWS OLDER ADULTS WHO ARE ON MASSHEALTH TO RECEIVE EXPANDED CARE AT HOME, WHICH CAN DELAY OR PREVENT IMMINENT PLACEMENT IN A LONG-TERM CARE FACILITY. ELIGIBILITY FOR THE COMMUNITY CHOICE PROGRAM IS BASED ON THE FOLLOWING CRITERIA - AGE 60 OR OLDER; APPROVED FOR MASSHEALTH STANDARD BENEFITS; MEET THE CLINICAL CRITERIA FOR ENROLLMENT IN THE HOME AND COMMUNITY BASED SERVICES (HCBS) WAIVER; BE AT IMMINENT RISK OF NURSING HOME PLACEMENT BECAUSE OF SERIOUS HEALTH CONDITIONS AND/OR THE INABILITY TO MANAGE DAILY CARE. A CARE MANAGER AND NURSE FROM AGESPAN WILL CONDUCT A NEEDS ASSESSMENT TO DETERMINE ELIGIBILITY. THEY WILL THEN WORK WITH THE CONSUMER AND HIS/HER FAMILY MEMBERS TO DETERMINE A PLAN OF CARE, COORDINATE ALL SERVICES RECEIVED BY THE CONSUMER, CONDUCT REASSESSMENT VISITS, AND OFFER ONGOING CARE MANAGEMENT.
ECOP: THE ENHANCED COMMUNITY OPTIONS PROGRAM (ECOP) IS DESIGNED TO SERVE FRAIL ELDERS LIVING IN THE COMMUNITY WHO ARE AT RISK OF NURSING HOME PLACEMENT DUE TO FUNCTIONAL OR COGNITIVE IMPAIRMENT. TO...
ECOP: THE ENHANCED COMMUNITY OPTIONS PROGRAM (ECOP) IS DESIGNED TO SERVE FRAIL ELDERS LIVING IN THE COMMUNITY WHO ARE AT RISK OF NURSING HOME PLACEMENT DUE TO FUNCTIONAL OR COGNITIVE IMPAIRMENT. TO QUALIFY, THE PERSON MUST BE 60 OR OLDER, AND THOSE UNDER AGE 60 MAY BE ELIGIBLE WITH A DOCUMENTATION OF ALZHEIMER'S DISEASE OR A RELATED DEMENTIA; MEET CLINICAL ELIGIBILITY REQUIREMENTS FOR NURSING FACILITY PLACEMENT; AND REQUIRE HOME CARE SERVICES GREATER THAN TWO TIMES THOSE AVAILABLE THROUGH THE GENERAL STATE HOME CARE PROGRAM. A CARE MANAGER AND NURSE FROM AGESPAN WILL CONDUCT A NEEDS ASSESSMENT TO DETERMINE ELIGIBILITY. THEY WILL THEN WORK WITH THE ELDER AND HIS/HER FAMILY MEMBERS TO DETERMINE A PLAN OF CARE, COORDINATE ALL SERVICES RECEIVED BY THIS INDIVIDUAL, CONDUCT REASSESSMENT VISITS AND OFFER ONGOING CARE MANAGEMENT.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $133,795,983 | $114,281,456 | +0.2% |
| Expenses | $128,072,069 | $112,560,025 | +0.1% |
| Net Income | $5,723,914 | $1,721,431 | +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 |
|---|---|---|---|---|---|---|
| MICHAEL RURAK | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| COLLEEN RANSHAW-FIORELLO | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAURICE E BALBONI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT SCHREIBER MD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TERESA GOVE ARNOLD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH BERARDINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAMELA BLAQUIERE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEAN BUSHNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HOLLOWAY JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLENE MUSCATO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GRACE ANN STEED | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTHA VELEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY LEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA SULLIVAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA LEVIN | DIRECTOR END 11/23 | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEX PEREZ | DIRECTOR END 11/23 | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN F HATEM-ROY | CHIEF EXECUTIVE OFFICER | 37.50 |
Officer
|
$287,852 | $13,889 | $301,741 |
| TAMMY A O'DONNELL | CHIEF FINANCIAL OFFICER | 37.50 |
Officer
|
$218,286 | $14,337 | $232,623 |
| CHRISTINE M TARDIFF | CHIEF OPERATING OFFICER/VP | 37.50 |
Highest
|
$214,603 | $10,582 | $225,185 |
| DEBORAH R CROOKE | CHIEF INFORMATION OFFICER | 37.50 |
Highest
|
$169,367 | $16,177 | $185,544 |
| JENNIFER R RAYMOND | CHIEF STRATEGY OFFICER | 37.50 |
Highest
|
$184,824 | $3,081 | $187,905 |
| SHELLY DESIMONE | CHIEF HR OFFICER | 37.50 |
Highest
|
$167,879 | $14,352 | $182,231 |
| ANNA BELLOWS | GENERAL COUNSEL | 37.50 |
Highest
|
$156,739 | $13,348 | $170,087 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $133,795,983 | $128,072,069 | $65,469,445 | $5,723,914 |
| 2023 | $114,281,456 | $112,560,025 | $52,325,158 | $1,721,431 |
| 2022 | $107,934,032 | $101,015,725 | $46,498,915 | $6,918,307 |
| 2021 | $97,466,570 | $92,952,643 | $41,301,216 | $4,513,927 |
| 2020 | $97,910,163 | $97,515,145 | $36,540,350 | $395,018 |
| 2019 | $75,585,513 | $72,552,406 | $27,985,717 | $3,033,107 |
| 2018 | $69,258,005 | $67,380,167 | $24,213,366 | $1,877,838 |
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