GREATER LAWRENCE FAMILY HEALTH CENTER INC (EIN 042708824) - 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

1980

Legal Domicile

Principal Officer

STEVEN PARIS

Phone

9786896654

Tax Period

2023-07-01 to 2024-06-30

GREATER LAWRENCE FAMILY HEALTH CENTER INC, founded in 1980, is a major nonprofit in the Health Care sector that reported $104.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $97.2M left a modest 7% surplus.

Mission

GLHFC'S MISSION IS TO IMPROVE AND MAINTAIN THE HEALTH OF INDIVIDUALS AND FAMILIES IN THE MERRIMACK VALLEY BY PROVIDING A NETWORK OF HIGH QUALITY, COMPREHENSIVE HEALTH CARE SERVICES AND BY TRAINING HEALTH CARE PROFESSIONALS WHO CAN RESPOND TO THE NEEDS OF A CULTURALLY DIVERSE POPULATION.

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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 $29,855,972

Program Service Revenue $57,847,585

Investment Income $724,846

Other Revenue $16,027,766

TOTAL REVENUE $104,456,169

Expense Breakdown

Grants Paid $344,484

Salaries & Benefits $74,009,669

Fundraising Expenses $16,988

Program Expenses $67,690,049

Other Expenses $22,800,765

TOTAL EXPENSES $97,154,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,456,169	$91,207,946	+0.1%
Expenses	$97,154,918	$88,331,925	+0.1%
Net Income	$7,301,251	$2,876,021	+1.5%

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

913

Volunteers

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

$2,628,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE ZANAZZI	TREASURER	2.00	Officer Director	$0	$0	$0
ROSA PINA	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JOANNE GREGA	SECRETARY	1.00	Officer Director	$0	$0	$0
ABEL VARGAS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JULIE THURLOW	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES SIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
IVY POLANCO	DIRECTOR	1.00	Director	$0	$0	$0
NICK ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA KROON	DIRECTOR	1.00	Director	$0	$0	$0
RAMONA CEBALLOS	DIRECTOR (UNTIL 5/2024)	1.00	Director	$0	$0	$0
SCOTT HELLEN	DIRECTOR	1.00	Director	$0	$0	$0
RAFAEL CARMONA	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
ROB GOLD	DIRECTOR (UNTIL 9/2023)	1.00	Director	$0	$0	$0
ROBERT INGALA	DIRECTOR (UNTIL 8/2023)	1.00	Director	$0	$0	$0
SHARON CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
GLENDALY PENA SOTO	DIRECTOR	1.00	Director	$0	$0	$0
KATELYN REILLY	DIRECTOR	1.00	Director	$0	$0	$0
ZANDRA KELLEY	CMO	40.00	Officer	$417,795	$26,299	$444,094
SAIFUR RAHMAN	COO	40.00	Officer	$319,998	$16,937	$336,935
PATRICK GROTTON	CIO	40.00	Officer	$312,304	$4,582	$316,886
ANN MARIE BORGESI	CHRO	40.00	Officer	$188,947	$9,996	$198,943
DIANE MARTIN	CPO	40.00	Officer	$190,481	$18,858	$209,339
BEATRICE THIBEDEAU	CNO	40.00	Officer	$193,884	$976	$194,860
MARIA COPPENRATH	CFO (UNTIL 01/2025)	40.00	Officer	$297,485	$3,958	$301,443
THU HUYNH-VIEN	CCO/LEGAL	40.00	Officer	$215,414	$16,627	$232,041
GUY FISH	CEO (UNTIL 7/2024)	40.00	Officer	$376,502	$17,609	$394,111
NICHOLAS WEIDA	PHYSICIAN	40.00	Highest	$326,414	$4,829	$331,243
ROBERT MCKERSIE	PHYSICIAN	40.00	Highest	$410,879	$25,602	$436,481
NIRMALA SAMBANGI	PHYSICIAN	40.00	Highest	$349,077	$22,811	$371,888
MIA SORCINELLI	PHYSICIAN	40.00	Highest	$310,334	$24,454	$334,788
ELIANA COSTANTINO BURGAZZI	PHYSICIAN	40.00	Highest	$309,069	$10,630	$319,699

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
2025	No data	No data	No data	No data
2024	$104,456,169	$97,154,918	$82,842,477	$7,301,251
2023	$91,207,946	$88,331,925	$67,264,937	$2,876,021
2022	$81,574,063	$80,362,082	$54,154,757	$1,211,981
2021	$80,885,581	$76,078,136	$53,771,821	$4,807,445
2020	$72,780,294	$70,739,833	$48,299,544	$2,040,461
2019	$67,281,739	$68,188,711	$42,125,722	$-906,972
2018	$65,036,423	$64,763,890	$43,358,578	$272,533

GREATER LAWRENCE FAMILY HEALTH CENTER INC