MASS GENERAL BRIGHAM INCORPORATED (EIN 043230035) - 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

1993

Legal Domicile

Principal Officer

ANNE KLIBANSKI MD

Phone

8572820747

Tax Period

2023-10-01 to 2024-09-30

MASS GENERAL BRIGHAM INCORPORATED, founded in 1993, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.1B exceeded revenue, resulting in a 12% operating deficit.

Mission

PATIENT CARE, TEACHING, RESEARCH AND SERVING THE COMMUNITY.

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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 $486,230,656

Program Service Revenue $1,343,711,150

Investment Income $84,441,137

Other Revenue $-9,471,856

TOTAL REVENUE $1,904,911,087

Expense Breakdown

Grants Paid $104,282,406

Salaries & Benefits $1,077,005,849

Fundraising Expenses $0

Program Expenses $284,008,229

Other Expenses $953,779,164

TOTAL EXPENSES $2,135,067,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,904,911,087	$2,053,039,249	-0.1%
Expenses	$2,135,067,419	$2,146,509,087	0.0%
Net Income	$-230,156,332	$-93,469,838	+1.5%

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

9605

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

$12,638,309

Total Directors

$10,180,183

Key Employees

$10,472,458

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE KLIBANSKI MD	PRESIDENT, CEO & DIRECTOR	50.00	Officer Director	$6,843,415	$1,564,401	$8,407,816
YOLONDA LORIG COLSON MD PHD	DIRECTOR	1.00	Director	$0	$68,004	$988,790
ZARA R COOPER MD	DIRECTOR	1.00	Director	$0	$67,967	$783,577
ROBERT G ATCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
MARC N CASPER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE M FINUCANE	DIRECTOR UNTIL 06/30/24	1.00	Director	$0	$0	$0
JOHN F FISH	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN A GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY C GUEYE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN J HOCKFIELD PHD	DIRECTOR UNTIL 06/30/24	1.00	Director	$0	$0	$0
ALBERT A HOLMAN III	DIRECTOR	1.00	Director	$0	$0	$0
DAVID W IVES	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN A KRAFT	DIRECTOR	1.00	Director	$0	$0	$0
CARL J MARTIGNETTI	DIRECTOR	1.00	Director	$0	$0	$0
NITIN NOHRIA	DIRECTOR	1.00	Director	$0	$0	$0
DIANE B PATRICK ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP TERRY RAGON	DIRECTOR	1.00	Director	$0	$0	$0
PAULA NESS SPEERS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT M SPERLING	CHAIRMAN	1.00	Director	$0	$0	$0
JAMES D TAICLET	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER L THORNDIKE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL A VALLONE	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN J WALSH	DIRECTOR 07/01/24	1.00	Director	$0	$0	$0
ANNE M WILKINS	DIRECTOR	1.00	Director	$0	$0	$0
NIYUM GANDHI	CFO & TREASURER	50.00	Officer	$2,275,225	$48,357	$2,323,582
LAURA PEABODY	CHIEF LEGAL OFFICER & SECRETARY	50.00	Officer	$1,839,212	$67,699	$1,906,911
RON M WALLS MD	CHIEF OPERATING OFFICER	50.00	Key Emp	$3,145,963	$64,959	$3,210,922
GREGG S MEYER MD MSC	PRESIDENT, COMMUNITY DIVISION	50.00	Key Emp	$2,777,857	$66,759	$2,844,616
JANE D MORAN	CHIEF INFORMATION & DIGITAL OFFICER	50.00	Key Emp	$1,693,644	$50,441	$1,744,085
PAUL ANDERSON MD PHD	CHIEF ACADEMIC OFFICER	50.00	Key Emp	$0	$59,081	$1,434,000
EMMA SOMERS-ROY	CHIEF INVESTMENT OFFICER	50.00	Key Emp	$1,202,191	$36,644	$1,238,835
ELIZABETH L BALDWIN	PORTFOLIO MANAGER	50.00	Highest	$2,267,210	$82,411	$2,349,621
KATHERINE L KAMM	PORTFOLIO MANAGER	50.00	Highest	$2,250,983	$62,013	$2,312,996
O'NEIL BRITTON MD	ASSOCIATE CHIEF OPERATING OFFICER	50.00	Highest	$1,563,833	$76,284	$1,640,117
JEFF A WEISS	CHIEF STRATEGY & TRANSFORMATION OFF.	50.00	Highest	$1,498,758	$58,720	$1,557,478
THOMAS DEAN SEQUIST MD	CHIEF MEDICAL OFFICER	50.00	Highest	$1,421,069	$73,785	$1,494,854
KEVIN S SCHLICKE	FORMER INTERIM TREASURER	50.00		$761,661	$73,386	$835,047
PETER K MARKELL	FORMER - EVP, CFO & TREASURER	0.00		$515,469	$397	$515,866
MAUREEN GOGGIN	FORMER SECRETARY	50.00		$153,981	$4,564	$158,545
JOHN R BARKER	FORMER CHIEF INVESTMENT OFFICER	50.00		$3,524,475	$12,240	$3,536,715
ROSEMARY R SHEEHAN	FORMER CHIEF HUMAN RESOURCES OFFICER	50.00		$1,389,698	$37,621	$1,427,319
JAMES W NOGA	FORMER VP & CHIEF INFORMATION OFF.	0.00		$834,226	$711	$834,937
ALISTAIR ERSKINE MD	FORMER CHIEF DIGITAL HEALTH OFFICER	50.00		$225,490	$19,203	$244,693

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	$1,904,911,087	$2,135,067,419	$9,805,737,933	$-230,156,332
2023	$2,053,039,249	$2,146,509,087	$9,377,106,791	$-93,469,838
2022	$2,097,520,808	$2,120,920,451	$8,691,364,928	$-23,399,643
2021	$1,965,789,162	$1,618,160,737	$8,481,205,961	$347,628,425
2020	$2,181,423,789	$2,300,232,402	$7,885,097,202	$-118,808,613
2018	$1,319,609,417	$1,178,509,706	$5,788,383,697	$141,099,711

MASS GENERAL BRIGHAM INCORPORATED