CAMBRIDGE MEDICAL CARE FOUNDATION … - 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

1981

Legal Domicile

Principal Officer

RICHARD J PELS MD

Phone

6176651017

Tax Period

2023-10-01 to 2024-09-30

CAMBRIDGE MEDICAL CARE FOUNDATION INC, founded in 1981, is a small nonprofit in the Health Care sector that reported $142K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $160K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PLAN FOR THE PROVISION OF MEDICAL CARE AND OTHER HUMAN SERVICES FOR THE BENEFIT OF THE SICK AND INJURED AND OF ALL PERSONS SUFFERING FROM ILLNESS; TO ASSIST IN MEDICAL EDUCATION AND THE EDUCATION OF OTHER PERSONNEL ENGAGED IN HEALTH SERVICES; TO ADVANCE SCIENTIFIC KNOWLEDGE.

Program Service Accomplishments

Program 1

Expenses: $122,576

THE FOUNDATION PROVIDES EDUCATION, MEDICAL CARE, AND PERFORMS MEDICAL SERVICES IN CONJUNCTION WITH THE CAMBRIDGE HOSPITAL AND HARVARD MEDICAL SCHOOL TO BENEFIT THE COMMUNITY AT LARGE

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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 $120,665

Program Service Revenue $21,552

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,576

Other Expenses $160,351

TOTAL EXPENSES $160,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,217	$156,298	-0.1%
Expenses	$160,351	$168,148	0.0%
Net Income	$-18,134	$-11,850	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID H BOR MD	VICE PRES/TR	1.00	Officer Director	$0	$0	$0
IRA L MINTZER MD	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD J PELS MD	PRESIDENT	5.00	Officer 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	$142,217	$160,351	$548,181	$-18,134
2023	$156,298	$168,148	$566,315	$-11,850
2022	$94,835	$134,628	$578,165	$-39,793
2021	$115,408	$87,883	$617,958	$27,525
2020	$126,596	$136,522	$590,433	$-9,926
2019	$162,293	$173,327	$584,437	$-11,034
2018	$216,757	$151,644	$602,210	$65,113

CAMBRIDGE MEDICAL CARE FOUNDATION INC