LAHEY HEALTH SHARED SERVICES INC (EIN 043178972) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

7817445100

Tax Period

2023-10-01 to 2024-09-30

LAHEY HEALTH SHARED SERVICES INC, founded in 1992, is a small nonprofit in the Health Care sector that reported $425K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF LAHEY HEALTH SHARED SERVICES (LHSS) PROVIDES CENTRALIZED ADMINISTRATIVE SERVICES TO ITS AFFILIATED ENTITIES WHICH, IN TURN, SUPPORTS THE HEALTHCARE MISSIONS OF SEVERAL AFFILIATES WITHIN THE BETH ISRAEL LAHEY HEALTH SYSTEM OF AFFILIATES.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $424,611

TOTAL REVENUE $424,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,611	$10,102,180	-1.0%
Expenses	N/A	$9,236,681	-1.0%
Net Income	N/A	$865,499	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

N/A

Employees

1041

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

$8,401,755

Total Directors

$8,401,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABB MD KEVIN	TTEE/ CHAIR/PRES & CEO (CEO, BILH)	1.00	Officer Director	$0	$1,097,028	$5,410,415
RIOS CINDY	TTEE & TREAS (EXEC VP & CFO, BILH)	1.00	Officer Director	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	TTEE &CLERK (EX-O); GEN COUNSEL BILH	1.00	Officer Director	$0	$32,002	$1,302,177

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	$424,611	No data	$33,856,222	No data
2023	$10,102,180	$9,236,681	$44,674,305	$865,499
2022	$57,936,844	$57,351,590	$90,062,817	$585,254
2021	$77,377,818	$78,388,760	$113,161,990	$-1,010,942
2020	$187,470,009	$187,470,009	$74,834,063	No data
2019	$204,030,123	$204,030,123	$68,604,890	No data
2018	$191,257,575	$191,257,575	$83,731,433	No data

LAHEY HEALTH SHARED SERVICES INC