Massachusetts Health Data Consorti… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

Denny Brennan

Phone

7814197800

Tax Period

2024-01-01 to 2024-12-31

Massachusetts Health Data Consortium Inc, founded in 1978, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Expenses of $5.7M left a modest 4% surplus.

Mission

TO LEAD THE DEVELOPMENT OF A COMPREHENSIVE HEALTH DATA SYSTEM AND TO ADDRESS THE HEALTH INFORMATION NEEDS OF THE COMMONWEALTH OF MASSACHUSETTS FOR THE PURPOSE OF IMPROVING HEALTH CARE AND HEALTH.

Program Service Accomplishments

Program 1

Expenses: $5,293,487 Revenue: $187,991

CREATED, PROMOTED AND SUPPORTED COLLABORATIVE EFFORTS TO IMPROVE HEALTH AND HEALTHCARE. COLLECTED, ANALYZED AND DISSEMINATED HEALTH CARE DATA FROM MASSACHUSETTS ACUTE CARE HOSPITALS TO HOSPITALS...

CREATED, PROMOTED AND SUPPORTED COLLABORATIVE EFFORTS TO IMPROVE HEALTH AND HEALTHCARE. COLLECTED, ANALYZED AND DISSEMINATED HEALTH CARE DATA FROM MASSACHUSETTS ACUTE CARE HOSPITALS TO HOSPITALS, PROVIDERS AND INSURERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,725,116

Program Service Revenue $187,991

Investment Income $250

Other Revenue $19,783

TOTAL REVENUE $5,933,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,172,788

Fundraising Expenses $0

Program Expenses $5,293,487

Other Expenses $4,499,961

TOTAL EXPENSES $5,672,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,933,140	$5,856,528	+0.0%
Expenses	$5,672,749	$6,003,271	-0.1%
Net Income	$260,391	$-146,743	-2.8%

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

Governance

Voting Members

Independent Members

Employees

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

$485,998

Total Directors

$485,998

Key Employees

$240,578

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denny Brennan	executive director	40.0	Officer Director	$277,972	$40,434	$318,406
Dave Delano	Senior Director	40.0	Key Emp	$211,737	$28,841	$240,578
KATHLEEN TOURNAS	Secretary	40.0	Officer Director	$134,109	$33,483	$167,592
Janice m Karin	DIRECTOR	40.0	Highest	$135,473	$14,976	$150,449
Katie klossner	DIRECTOR	40.0	Highest	$127,408	$7,206	$134,614
DAVID SZABO	Chair	1.0	Officer Director	$0	$0	$0
JOHN BUDAJ	DIRECTOR	1.0	Director	$0	$0	$0
PETER COAKLEY	DIRECTOR	1.0	Director	$0	$0	$0
JOHN C KELLY	DIRECTOR	1.0	Director	$0	$0	$0
CRAIG MONSEN	DIRECTOR	1.0	Director	$0	$0	$0
PAUL PECORARO	DIRECTOR	1.0	Director	$0	$0	$0
ANU PURI	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM YOUNG	DIRECTOR	1.0	Director	$0	$0	$0
howard goldberg	DIRECTOR	1.0	Director	$0	$0	$0
John Glaser	DIRECTOR	1.0	Director	$0	$0	$0
LEON BARZIN	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTIAN BROUGHTON	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN ADAMS	DIRECTOR	1.0	Director	$0	$0	$0
Laurie Finigan	DIRECTOR	1.0	Director	$0	$0	$0
Rafael Garcia	DIRECTOR	1.0	Director	$0	$0	$0
Selma Ferhatbegovic-Fede	DIRECTOR	1.0	Director	$0	$0	$0
MANU TANDON	DIRECTOR	1.0	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	$5,933,140	$5,672,749	$2,429,485	$260,391
2023	$5,856,528	$6,003,271	$2,024,608	$-146,743
2022	$5,844,839	$5,841,499	$2,235,883	$3,340
2021	$5,057,188	$4,774,047	$2,199,626	$283,141
2020	$1,481,376	$1,562,380	$666,283	$-81,004
2019	$958,039	$1,048,730	$1,201,368	$-90,691
2018	$991,228	$1,073,685	$993,652	$-82,457

Massachusetts Health Data Consortium Inc