ALUMNI ASSOCIATION OF THE LAHEY CLINIC FOUNDATION INC (EIN 042573620) - 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

1968

Legal Domicile

Principal Officer

DAVID BRABECK MD

Phone

6176677345

Tax Period

2023-01-01 to 2023-12-31

ALUMNI ASSOCIATION OF THE LAHEY CLINIC FOUNDATION INC, founded in 1968, is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 49% operating margin.

Mission

TO SUPPORT MEDICAL RESIDENTS' ATTENDANCE AND ABILITY TO PRESENT AT MEDICAL SEMINARS/CONFERENCES.

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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 $25,411

Program Service Revenue $0

Investment Income $44,015

Other Revenue $0

TOTAL REVENUE $69,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,098

Other Expenses $35,098

TOTAL EXPENSES $35,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,426	$51,607	+0.3%
Expenses	$35,098	$42,216	-0.2%
Net Income	$34,328	$9,391	+2.7%

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

N/A

Volunteers

N/A

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

$392,298

Total Directors

$6,138,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WOZNIAK PA JOANNE	DIRECTOR (START 11.20.23)	1.00	Director	$0	$3,483	$221,005
BRABECK MD DAVID	DIRECTOR & EXEC DIRECTOR	1.00	Officer Director	$0	$42,238	$392,298
BRAMS MD DAVID M	DIRECTOR	1.00	Director	$0	$45,461	$673,334
COLLER MD JOHN A	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNELL MD BRENDAN	DIRECTOR	1.00	Director	$0	$17,975	$460,237
MANDEL MD BURTON	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$0	$0
MANDEVILLE MD JESSICA A	DIRECTOR	1.00	Director	$0	$18,070	$465,460
MOURTZINOS MD MBA ARTHUR	DIRECTOR	1.00	Director	$0	$30,883	$833,305
NAPOLITANA MD GUY	DIRECTOR	1.00	Director	$0	$36,972	$425,453
NEZHAD MD STEVEN F	DIRECTOR	1.00	Director	$0	$41,334	$424,416
RICCIARDONE MD MARGUERITE M	DIRECTOR	1.00	Director	$0	$40,003	$516,923
SCHOETZ JR MD DAVID J	DIRECTOR	1.00	Director	$0	$0	$0
SORCINI MD ANDREA	DIRECTOR	1.00	Director	$0	$8,262	$622,067
SILLIN MD LELAN	DIRECTOR	1.00	Director	$0	$0	$4,565
STEMPEK PA SUSAN	DIRECTOR (END 11.20.23)	1.00	Director	$0	$27,868	$429,108
WALD MD PHD MBA CHRISTOPH	DIRECTOR	1.00	Director	$0	$43,373	$670,077
WEINER MD NEIL J	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$69,426	$35,098	$1,347,782	$34,328
2022	$51,607	$42,216	$1,082,981	$9,391
2021	$30,059	$21,425	$1,392,525	$8,634
2020	$34,908	$36,343	$1,117,628	$-1,435

ALUMNI ASSOCIATION OF THE LAHEY CLINIC FOUNDATION INC