Westfield, MA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
The mission of the organization is to improve the health of the people in our communities every day, with quality and compassion.
Westfield Medical Corporation (WMC), provides physician services and medical education to people in the community within its geographic location. WMC's policy is to provide care to any patient in...
Westfield Medical Corporation (WMC), provides physician services and medical education to people in the community within its geographic location. WMC's policy is to provide care to any patient in need of medical care, regardless of the patient's ability to pay for such care. Dependent upon the patient's financial capability to pay, WMC may provide such care free of charge or at amounts below its normal charges. Because WMC does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue.In addition to the charity care provided to patients, WMC's physicians participate in many and varied ongoing community outreach initiatives in the areas of education, safety and health.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare Westfield Medical Corporation with other nonprofits in Massachusetts and across the country.