THE HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC

EIN: 042633274

WORCESTER, MA

Total Revenue
$4,956,821
Total Expenses
$4,143,979
Total Assets
$87,636,709
Net Assets
$85,738,095
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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
1977
Legal Domicile
MA
Principal Officer
AMIE SHEI PHD
Phone
5084380009
Tax Period
2023-01-01 to 2023-12-31

THE HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC, founded in 1977, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. The organization ran a surplus of $813K, a strong 16% operating margin.

Mission

TO IMPROVE THE HEALTH STATUS OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.

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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 $0
Program Service Revenue $0
Investment Income $4,683,671
Other Revenue $273,150
TOTAL REVENUE $4,956,821

Expense Breakdown

Grants Paid $2,849,076
Salaries & Benefits $875,591
Fundraising Expenses $0
Program Expenses $3,752,737
Other Expenses $419,312
TOTAL EXPENSES $4,143,979

Year-over-Year Comparison

2023 2022 Change
Revenue $4,956,821 $4,974,658 0.0%
Expenses $4,143,979 $5,268,117 -0.2%
Net Income $812,842 $-293,459 -3.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
7
$577,203
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMIE SHEI PHD PRESIDENT/CEO 37.50
Officer
$267,180 $11,012 $278,192
JENNIE BLAKE VP PROGRAMS 37.50
Officer
$131,977 $14,178 $146,155
MICHELLE L EWING DIRECTOR OF FINANCE & ADMINISTRATION 37.50
Officer
$119,966 $32,890 $152,856
DANIEL GERMAIN GRANTS AND OPERATION MANAGER 37.50
Highest
$101,409 $31,527 $132,936
TIMOTHY M BIBAUD JD CHAIRMAN 2.00
Officer Director
$0 $0 $0
RANDALL V BECKER CPA MBA TREASURER 2.00
Officer Director
$0 $0 $0
GISELA VELEZ MD MPH SECRETARY 2.00
Officer Director
$0 $0 $0
SEJAL M DAGA MD FAAFP ASSISTANT SECRETARY 1.50
Officer Director
$0 $0 $0
ALEX CORRALES C-PHM DIRECTOR 1.50
Director
$0 $0 $0
DENNIS M DIMITRI MD FAAFP DIRECTOR 1.50
Director
$0 $0 $0
DIANE E GOULD LICSW DIRECTOR 1.50
Director
$0 $0 $0
LINDSAY F GREENFIELD MBA DIRECTOR 1.50
Director
$0 $0 $0
J MICHAEL GRENON CIMA DIRECTOR 1.50
Director
$0 $0 $0
CHRISTIE L HAGER JD MPH DIRECTOR 1.50
Director
$0 $0 $0
KATHRYN LEE MD DIRECTOR 1.50
Director
$0 $0 $0
CAROLE M STEEN MSA DIRECTOR 1.50
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 $4,956,821 $4,143,979 $87,636,709 $812,842
2022 $4,974,658 $5,268,117 $82,115,995 $-293,459
2021 $8,039,753 $4,774,455 $98,619,002 $3,265,298
2020 $3,841,672 $4,297,256 $88,822,913 $-455,584
2019 $3,652,330 $4,143,871 $78,711,218 $-491,541
2018 $5,137,653 $4,270,231 $69,576,032 $867,422
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