EMERSON HEALTH CARE FOUNDATION INC

EIN: 042770980 501(c)(3) Health Care

CONCORD, MA

Total Revenue
$6,198,981
Total Expenses
$1,100,000
Total Assets
$19,107,791
Net Assets
$18,833,932
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
SCOTT KOSOWICZ
Phone
9782878709
Tax Period
2023-10-01 to 2024-09-30

EMERSON HEALTH CARE FOUNDATION INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 82% operating margin.

Mission

EMERSON HEALTH CARE FOUNDATION INC PROVIDES PHILANTHROPIC RESOURCES TO ASSIST EMERSON HEALTH SYSTEM, INC AND EMERSON HOSPITAL IN FULFILLING THEIR MISSION OF IMPROVING THE HEALTH STATUS OF THE PEOPLE IN THE COMMUNITIES IT SERVES. THROUGH THE ON-GOING CULTIVATION OF RELATIONSHIPS, THE FOUNDATION LEADERSHIP WILL STRIVE TO CREATE THE WILLINGESS AS WELL AS THE MEANS THROUGH WHICH EMERSON HOSPITAL'S CONSTITUENTS WILL FINANCIALLY SUPPORT THE FACILITY, EQUIPMENT, OPERATIONAL, EDUCATIONAL AND PROGRAMMATIC NEEDS OF THE HOSPITAL. THE FOUNDATION WILL STRIVE CONTINUALLY TO EXPAND THE BASE OF ANNUAL PHALANTHROPIC SUPPORT AND BUILD AN ENDOWMENT TO ENSURE THE COMMUNITY'S FUTURE HEALTH CARE NEEDS.

Program Service Accomplishments

Program 1

EMERSON HEALTH CARE FOUNDATION IS AN ORGANIZATION THAT SUPPORTS FUNDRAISING EFFORTS FOR EMERSON HOSPITAL.

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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 $6,121,371
Program Service Revenue $0
Investment Income $77,610
Other Revenue $0
TOTAL REVENUE $6,198,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $822,257
Fundraising Expenses $1,100,000
Other Expenses $277,743
TOTAL EXPENSES $1,100,000

Year-over-Year Comparison

2023 2022 Change
Revenue $6,198,981 $4,614,150 +0.3%
Expenses $1,100,000 $1,197,947 -0.1%
Net Income $5,098,981 $3,416,203 +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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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
24
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
6
$2,067,664
Total Directors
26
$2,067,664
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH ANDERSON JR TREASURER 4.00
Officer Director
$0 $0 $0
WILLIAM P BOGER III MD DIRECTOR 4.00
Director
$0 $0 $0
JEFFREY S CAMPBELL DIRECTOR 4.00
Director
$0 $0 $0
LIZA CAREY DIRECTOR 4.00
Director
$0 $0 $0
STEPHEN W CARR DIRECTOR 4.00
Director
$0 $0 $0
GLORIA L CLOUGH DIRECTOR 4.00
Director
$0 $0 $0
DANNY COSTA DIRECTOR 4.00
Director
$0 $0 $0
CHARLES A DENAULT CHAIR 4.00
Officer Director
$0 $0 $0
DEBORAH A GREENE MD DIRECTOR 4.00
Director
$0 $0 $0
DENISE HAARTZ DIRECTOR 4.00
Director
$0 $0 $0
KARL F KUSSIN CHIEF PHILANTHROPY OFFICER 50.00
Officer Director
$0 $50,516 $383,830
PHILIP S LOTANE DIRECTOR 4.00
Director
$0 $0 $0
JACK MACKEEN DIRECTOR 4.00
Director
$0 $0 $0
LYNN MARTIN DIRECTOR 4.00
Director
$0 $0 $0
KAREN MCGINN DIRECTOR 4.00
Director
$0 $0 $0
JOSHUA M NELSON VICE CHAIR 4.00
Officer Director
$0 $0 $0
KIMBERLY PATENAUDE DIRECTOR 4.00
Director
$0 $0 $0
SANDRA A SCHELZI SECRETARY 4.00
Officer Director
$0 $0 $0
CHRISTINE C SCHUSTER PRESIDENT AND CEO 4.00
Officer Director
$0 $313,345 $1,683,834
ROBERT B SEGAL DIRECTOR 4.00
Director
$0 $0 $0
ANDREW J SOHN DIRECTOR 4.00
Director
$0 $0 $0
JILL STANSKY DIRECTOR 4.00
Director
$0 $0 $0
THOMAS VALLE DIRECTOR 4.00
Director
$0 $0 $0
SARA WILSON DIRECTOR 4.00
Director
$0 $0 $0
BENJAMIN MATYS DIRECTOR 4.00
Director
$0 $0 $0
MARGARET O'BRIEN BERNHARDT DIRECTOR 4.00
Director
$0 $0 $0
DAVID LAUTZ MD PHYSICIAN 0.00
Highest
$0 $39,572 $1,455,837
ARTHUR LEE MD PHYSICIAN 0.00
Highest
$0 $33,354 $775,668
MARK MOSCHELLA MD PHYSICIAN 0.00
Highest
$0 $33,354 $751,975
JENNIFER NAYOR MD PHYSICIAN 0.00
Highest
$0 $39,572 $688,693
DAVID KAHAN MD PHYSICIAN 0.00
Highest
$0 $5,300 $657,256
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 $6,198,981 $1,100,000 $19,107,791 $5,098,981
2023 $4,614,150 $1,197,947 $12,205,475 $3,416,203
2022 $9,746,516 $2,118,767 $10,339,772 $7,627,749
2021 $3,690,160 $1,765,442 $6,800,862 $1,924,718
2020 $4,951,170 $1,039,964 $6,972,826 $3,911,206
2019 $3,121,778 $2,555,855 $4,713,025 $565,923
2018 $2,318,259 $1,266,810 $4,710,925 $1,051,449
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