WORCESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. (THE FOUNDATION) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, TO RECEIVE AND DISTRIBUTE CHARITABLE GIFTS AND TO PROVIDE ADVICE AND ASSISTANCE TO THE ADVANCEMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL (UMASS CHAN), THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC (UMF), AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES, AND TO CARRY ON ANY OTHER ACTIVITY THAT MAY BE LAWFULLY CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS AND WHICH IS NOT INCONSISTENT WITH THE CORPORATION'S QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ON NOVEMBER 14, 2019, THE UNIVERSITY OF MASSACHUSETTS, ACTING BY AND THROUGH ITS UNIVERSITY OF MASSACHUSETTS CHAN MEDICAL SCHOOL (UMASS CHAN) AND UMASS MEMORIAL HEALTHCARE INC., (UMASS MEMORIAL) ENTERED INTO AN AGREEMENT TO AMEND CERTAIN PROVISIONS, TERMS AND CONDITIONS OF THE EXISTING UMASS MEMORIAL FOUNDATION, INC. AGREEMENT, AND THE ORGANIZATION'S NAME WAS SUBSEQUENTLY CHANGED TO THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. AS A RESULT, COMMENCING ON JANUARY 1, 2020 AND CONTINUING THROUGH DECEMBER 31, 2029, THE FOUNDATION NO LONGER RECEIVES OR ADMINISTERS CHARITABLE GIFTS ON BEHALF OF UMASS MEMORIAL, NOR DOES IT PROVIDE FUNDRAISING AND PHILANTHROPIC ADVICE AND ASSISTANCE TO UMASS MEMORIAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Expenses | $650,198 | $646,234 | +0.0% |
| Net Income | N/A | $-646,234 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN R HAYES JR | TREASURER & CLERK | 1.0 |
Officer
Director
|
$0 | $93,358 | $488,189 |
| MICHAEL F COLLINS MD | PRES./CHIEF EXEC. OFFICER | 0.1 |
Officer
Director
|
$0 | $98,824 | $1,898,475 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | $650,198 | $6,446,386 | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | No data | $647,211 | $8,518,328 | No data |
| 2022 | No data | $498,566 | $10,332,730 | No data |
| 2021 | No data | $553,080 | $1,608,968 | No data |
| 2019 | No data | $470,516 | $7,286,016 | No data |
| 2018 | No data | $362,765 | $15,698,125 | No data |
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