MEDICAL CARE OF BOSTON MANAGEMENT CORP (EIN 042810972) - 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

1983

Legal Domicile

Principal Officer

ROBERT FIELDS MD

Phone

6177540707

Tax Period

2023-10-01 to 2024-09-30

MEDICAL CARE OF BOSTON MANAGEMENT CORP, founded in 1983, is a major nonprofit in the Health Care sector that reported $116.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $167.0M exceeded revenue, resulting in a 43% operating deficit.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, MEDICAL CARE OF BOSTON MANAGEMENT CORP OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING. A HOUSING ALLOWANCE WAS PROVIDED TO ONE OFFICER DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

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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 $100,000

Program Service Revenue $107,088,287

Investment Income $0

Other Revenue $9,379,054

TOTAL REVENUE $116,567,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,804,020

Fundraising Expenses $0

Program Expenses $148,726,469

Other Expenses $45,227,424

TOTAL EXPENSES $167,031,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,567,341	$103,570,844	+0.1%
Expenses	$167,031,444	$142,201,859	+0.2%
Net Income	$-50,464,103	$-38,631,015	+0.3%

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

1082

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

$6,475,646

Total Directors

$4,674,453

Key Employees

$2,119,461

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHORETT PETER	TTEE (SR EXECUTIVE VP & COO, BILH)	1.00	Director	$0	$48,246	$1,607,722
FIELDS MD ROBERT	CHAIR PRES&TTEE (CHF CLIN OFF BILH)	1.00	Officer Director	$0	$31,658	$1,281,307
JOHNSON MD MS FACP ELIZABETH	CHAIR, TTEE; (PRES, BILH PRIM CARE)	1.00	Officer Director	$0	$104,587	$894,582
SNEVA JEB	ASST TREAS & TTEE (CFO, BILHPC)	55.00	Officer Director	$278,549	$125,683	$404,232
FISHMAN AARON	ASST TREAS & TTEE (CFO, BILHPC)	1.00	Officer Director	$0	$32,186	$271,757
STANSKY KATHLEEN J	TTEE & INT CFO (DIR, FP&A BILHPC)	1.00	Officer Director	$0	$37,453	$214,853
RIOS CINDY	TREAS (EXECUTIVE VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK; GENERAL COUNSEL, BILH	1.00	Officer	$0	$32,002	$1,302,177
JOSEPH ESQ LESLIE	ASST CLERK (AVP, ASST DEP GC, BILH)	1.00	Officer	$0	$42,760	$417,575
NGUYEN MD NICOLAS	ASSOC CMO SOUTH REGION, BILHPC	55.00	Key Emp	$524,454	$79,478	$603,932
CIBOTTI MD NANCY	CHIEF INNOVATION OFFICER, BILHPC	55.00	Key Emp	$457,242	$78,414	$535,656
BARKER ALEX	COO, SOUTHERN REGION, BILHPC	55.00	Key Emp	$438,345	$73,909	$512,254
CONNORS LAURIE	VP, HUMAN RESOURCES BUSINESS PARTNER	1.00	Key Emp	$0	$41,992	$467,619
KEHLMANN MD GLENN S	PHYSICIAN, INTERNAL MEDICINE	55.00	Highest	$633,715	$59,918	$693,633
SCHUTT MD ROGER	PHYSICIAN, FAMILY MEDICINE	55.00	Highest	$531,166	$62,963	$594,129
KOHLER MD ULRIKE	PHYSICIAN, INTERNAL MEDICINE	55.00	Highest	$473,414	$77,649	$551,063
STARR-BRANDSTEIN MD FERN	PHYSICIAN, INTERNAL MEDICINE	55.00	Highest	$456,764	$81,487	$538,251
FITZPATRICK MD BRIAN	PHYSICIAN, FAMILY MEDICINE	55.00	Highest	$454,641	$70,977	$525,618
LONGWORTH MD DAVID	FRMR TTEE, CHAIR, & PRES (EX-OFF)	0.00		$0	$15,489	$264,742

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	$116,567,341	$167,031,444	$43,172,576	$-50,464,103
2023	$103,570,844	$142,201,859	$33,885,429	$-38,631,015
2022	$110,236,078	$139,691,328	$55,466,909	$-29,455,250
2021	$101,898,024	$129,812,378	$49,345,299	$-27,914,354
2020	$85,466,947	$118,753,769	$27,938,613	$-33,286,822
2019	$88,461,230	$118,040,802	$28,670,493	$-29,579,572
2018	$80,963,728	$107,729,459	$20,340,938	$-26,765,731

MEDICAL CARE OF BOSTON MANAGEMENT CORP