TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION INC

EIN: 042674079

CANTON, MA

Total Revenue
$2,738,046,962
Total Expenses
$2,745,241,289
Total Assets
$1,164,875,660
Net Assets
$696,926,030
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MA
Principal Officer
SCOTT WALKER
Phone
6179729400
Tax Period
2023-01-01 to 2023-12-31

TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION INC, founded in 1979, is a large national nonprofit that reported $2.7B in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

DETAIL REGARDING THE ORGANIZATION'S MISSION TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION INC.'S ("TAHMO") PURPOSE IS TO GUIDE AND EMPOWER HEALTHIER LIVES FOR EVERYONE. TAHMO SEEKS TO IMPROVE THE HEALTH AND WELLNESS OF THE DIVERSE COMMUNITIES WE SERVE. TAHMO IS RESPONSIBLE FOR ARRANGING FOR THE DELIVERY OF COMPREHENSIVE, PREVENTIVE AND THERAPEUTIC HEALTH CARE SERVICES TO SUBSCRIBING INDIVIDUALS IN RETURN FOR A FIXED MONTHLY PAYMENT. SERVICES ARE PROVIDED THROUGH A CONTRACTED NETWORK OF INDEPENDENT PROVIDER GROUPS AND HOSPITALS WITHIN THE SERVICE AREA. TAHMO PRODUCTS ARE AVAILABLE TO ALL SIZE EMPLOYER GROUPS, INCLUDING A MERGED SMALL GROUP AND INDIVIDUAL MARKET. TAHMO ALSO OFFERS PRODUCTS TO INDIVIDUALS WHO ARE MEDICARE AND/OR MEDICAID ELIGIBLE. TAHMO PROVIDES A BROAD RANGE OF PROGRAMS DESIGNED TO EDUCATE ITS MEMBERS IN HEALTH MAINTENANCE AND DISEASE PREVENTION. TAHMO IS DEDICATED TO OFFERING A VARIETY OF QUALITY, INNOVATIVE HEALTH COVERAGE OPTIONS, AND TO IMPROVING ACCESS TO AFFORDABLE HEALTH CARE BY DEVELOPING AND EMPLOYING STRATEGIES THAT IMPROVE THE ALLOCATION OF HEALTH CARE RESOURCES. IN ADDITION TO PROVIDING THESE SERVICES TO ITS MEMBERS, TAHMO IS DEDICATED TO PROVIDING AND FUNDING HEALTH PROGRAMS THAT BENEFIT THE COMMUNITIES TAHMO SERVES. TAHMO IS PART OF THE POINT32HEALTH, INC ("P32H") FAMILY OF COMPANIES. ----------

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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 $2,737,821,760
Investment Income $285,900
Other Revenue $-60,698
TOTAL REVENUE $2,738,046,962

Expense Breakdown

Grants Paid $48,468
Salaries & Benefits $39,198,457
Fundraising Expenses $0
Program Expenses $2,561,763,834
Other Expenses $290,363,378
TOTAL EXPENSES $2,745,241,289

Year-over-Year Comparison

2023 2022 Change
Revenue $2,738,046,962 $3,001,930,351 -0.1%
Expenses $2,745,241,289 $2,996,373,090 -0.1%
Net Income $-7,194,327 $5,557,261 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
750
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
9
$10,969,455
Total Directors
14
$5,710,334
Key Employees
2
$3,624,892
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAIN HAYES PRESIDENT & CEO 10.0
Officer Director
$0 $387,442 $4,246,459
PHILIP BARR EVP, PRESIDENT, MARKETS 10.0
Key Emp
$0 $201,705 $1,952,558
PATRICIA HOWARD COO (END 5/3) 12.5
Key Emp
$0 $59,229 $1,672,334
UMESH KURPAD CFO (END 7/4) 10.0
Officer
$0 $166,409 $1,621,244
PETE CHURCH CHIEF PEOPLE OFFICER 10.0
Highest
$0 $199,722 $1,548,068
TISA HUGHES CLERK/SECRETARY 10.0
Officer
$0 $135,726 $1,466,203
TRACEY CARTER SVP, CHIEF ACTUARY 12.5
Highest
$0 $167,611 $1,343,146
SELMA FERHATBEGOVIC SVP, CHIEF INFORMATION OFFICER 12.5
Highest
$0 $152,803 $1,260,256
MARK PORTER TREASURER (START 10/12) 10.0
Officer
$0 $166,825 $1,222,453
PATRICIA BLAKE SVP, PRESIDENT MEDICARE 17.5
Highest
$0 $160,733 $1,211,996
KRISTIN LEWIS CHIEF PUB & COMM AFF OFFICER 10.0
Highest
$0 $152,533 $1,187,178
MICHAEL CARSON FORMER PRESIDENT (END 10/1/21) 0.0
$0 $0 $866,154
R SCOTT WALKER CFO (START 7/5) 10.0
Officer
$0 $117,945 $845,896
SUSAN KEE CLERK/SECRETARY (START 12/11) 10.0
Officer
$0 $72,203 $717,571
ROLAND PRICE TREASURER (END 10/11) 10.0
Officer
$0 $79,256 $675,379
THOMAS CROSWELL FORMER CEO 0.0
$0 $9,150 $621,650
EILEEN AUEN DIRECTOR, CHAIR 2.0
Officer Director
$0 $0 $161,250
MICHAEL J MCCOLGAN DIRECTOR 1.0
Director
$0 $0 $131,750
GREGORY D TRANTER DIRECTOR 1.0
Director
$0 $0 $129,375
MICHAEL SHEA DIRECTOR 1.0
Director
$0 $0 $123,375
BERTRAM L SCOTT DIRECTOR 1.0
Director
$0 $0 $119,375
HEDWIG VEITH WHITNEY DIRECTOR 1.0
Director
$0 $0 $117,375
MYECHIA MINTER-JORDAN MD DIRECTOR (END 12/8) 1.0
Director
$0 $0 $116,375
TODD WHITBECK DIRECTOR 1.0
Director
$0 $0 $113,000
PETER SLAVIN MD DIRECTOR 1.0
Director
$0 $0 $112,000
RAYMOND PAWLICKI DIRECTOR 1.0
Director
$0 $0 $111,000
IRINA SIMMONS DIRECTOR 1.0
Director
$0 $0 $109,000
JOYCE MURPHY DIRECTOR 1.0
Director
$0 $0 $107,000
GREG SHELL DIRECTOR, VICE CHAIR 1.0
Officer Director
$0 $0 $13,000
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 $2,738,046,962 $2,745,241,289 $1,164,875,660 $-7,194,327
2022 $3,001,930,351 $2,996,373,090 $1,252,410,168 $5,557,261
2021 $3,024,388,359 $2,804,599,151 $1,424,293,869 $219,789,208
2020 $2,805,940,875 $2,727,346,330 $1,595,190,090 $78,594,545
2019 $2,719,166,156 $2,637,946,108 $1,170,000,036 $81,220,048
2018 $2,602,188,414 $2,513,065,671 $1,085,064,306 $89,122,743
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