Westfield Medical Corporation (EIN 043127730) - 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

1991

Legal Domicile

Principal Officer

Raymond McCarthy

Phone

4135682811

Tax Period

2018-10-01 to 2019-09-30

Westfield Medical Corporation, founded in 1991, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2018. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $11.5M exceeded revenue, resulting in a 76% operating deficit.

Mission

The mission of the organization is to improve the health of the people in our communities every day, with quality and compassion.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,895,681

Investment Income $-362,763

Other Revenue $0

TOTAL REVENUE $6,532,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,457,274

Fundraising Expenses $0

Program Expenses $11,495,082

Other Expenses $9,037,808

TOTAL EXPENSES $11,495,082

Year-over-Year Comparison

	2018	2017	Change
Revenue	$6,532,918	$12,488,085	-0.5%
Expenses	$11,495,082	$17,904,111	-0.4%
Net Income	$-4,962,164	$-5,416,026	-0.1%

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

130

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

$1,919,363

Total Directors

$4,149,256

Key Employees

$272,805

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John F Maybury	Chair (As of 1/1/19)	1.00	Officer Director	$0	$0	$0
Robert J Bacon	Vice Chair (as of 1/1/19)	1.00	Officer Director	$0	$0	$0
Adrian J Levsky	Trustee	1.00	Director	$0	$0	$0
Aleksandr Pugach MD	Trustee (thru 12/31/18)/Internist	5.00	Director	$224,520	$11,269	$235,789
Andrew Artenstein MD	Trustee/President BMP CPE CAO	4.00	Director	$0	$41,371	$1,104,044
Anne M Paradis	Trustee/ Chair (Through 12/31/18)	1.00	Officer Director	$0	$0	$0
Claudia R Coplein DO	Trustee	1.00	Director	$0	$0	$0
Colleen W Holmes	Trustee	1.00	Director	$0	$0	$0
Edward J Noonan	Trustee	1.00	Director	$0	$0	$0
Gregory L Braden MD	Trustee	1.00	Director	$0	$0	$0
Harriet A DeVerry	Trustee	1.00	Director	$0	$0	$0
Hector Toledo	Trustee	1.00	Director	$0	$0	$0
Irene Rodriguez Martin	Trustee	1.00	Director	$0	$0	$0
James R Phaneuf	Trustee	1.00	Director	$0	$0	$0
John A Egelhofer MD	Trustee (through 12/31/18)	1.00	Director	$0	$0	$0
Kathleen B Scoble	Trustee	1.00	Director	$0	$0	$0
Kevin P Moriarty MD	Trustee/ Chief Ped Surgery	1.00	Director	$702,493	$31,882	$734,375
Maria P Goncalves	Trustee	1.00	Director	$0	$0	$0
Mark A Keroack MD	Trustee/ President & CEO, BH	1.00	Director	$0	$40,042	$2,067,548
Melissa D Cragg	Trustee (as of 1/1/19)	1.00	Director	$0	$0	$0
Paul R Murphy	Trustee	1.00	Director	$0	$0	$0
Robert L Pura PhD	Trustee (through 4/9/19)	1.00	Director	$0	$0	$0
Stanley Strzempko MD	Trustee (as of 1/1/19)	1.00	Director	$0	$0	$7,500
Timothy F Farrell	Trustee (through 4/9/19)	1.00	Director	$0	$0	$0
William R Webber	Trustee	1.00	Director	$0	$0	$0
Ronald P Bryant	President	5.00	Officer	$0	$48,176	$639,320
Dennis Chalke	Treasurer	1.00	Officer	$0	$90,444	$1,038,102
Kristin R Delaney	Clerk	1.00	Officer	$0	$37,639	$182,690
Nancy Remillard	Assistant Clerk (as of 11/13/18)	1.00	Officer	$0	$8,248	$59,251
John Shaver	Chief Financial Officer	5.00	Key Emp	$0	$15,001	$272,805
David A Higgins	Advanced Practitioner 57	50.00	Highest	$156,992	$3,099	$160,091

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
2019	$6,532,918	$11,495,082	No data	$-4,962,164
2018	$12,488,085	$17,904,111	$2,363,610	$-5,416,026

Westfield Medical Corporation