MASSACHUSETTS BAY HEALTH CARE TRUST FUND

EIN: 043235427

LEXINGTON, MA

Total Revenue
$21,487,559
Total Expenses
$22,716,149
Total Assets
$17,429,455
Net Assets
$14,949,191
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MA
Principal Officer
MICHAEL KNIGHT
Phone
7818616500
Tax Period
2024-07-01 to 2025-06-30

MASSACHUSETTS BAY HEALTH CARE TRUST FUND, founded in 1993, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2024.

Mission

MASSACHUSETTS BAY HEALTH CARE TRUST FUND IS A NONPROFIT ORGANIZATION THAT OBTAINS HEALTH INSURANCE FOR THE EMPLOYEES OF LOCAL AREA TECHNICAL SCHOOL DISTRICTS. ESTABLISHED IN DECEMBER 1993, TO OBTAIN HEALTH INSURANCE FOR THE EMPLOYEES OF GREATER LOWELL REGIONAL SCHOOL DISTRICT, MINUTEMAN REGIONAL VOCATIONAL TECHNICAL SCHOOL DISTRICT, NASHOBA VALLEY TECHNICAL HIGH SCHOOL DISTRICT, AND WHITTIER REGIONAL VOCATIONAL TECHNICAL HIGH SCHOOL AT COSTS ELIGIBLE TO LARGER GROUPS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,721,944
Investment Income $765,615
Other Revenue $0
TOTAL REVENUE $21,487,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $119,246
TOTAL EXPENSES $22,716,149

Year-over-Year Comparison

2024 2023 Change
Revenue $21,487,559 $21,061,499 +0.0%
Expenses $22,716,149 $19,594,745 +0.2%
Net Income $-1,228,590 $1,466,754 -1.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
18

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
2
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA MALEY-ROY LABOR/CO-CHAIR 0.30
Officer Director
$0 $0 $0
MICHAEL KNIGHT TREASURER & CO-CHAIR 0.30
Officer Director
$0 $0 $0
JEFF CARLSON MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
HOLLY MCANESPIE LABOR 0.30
Director
$0 $0 $0
DANA FARRILL LABOR TRUSTEE 0.30
Director
$0 $0 $0
CHERYL KELLY LABOR TRUSTEE 0.30
Director
$0 $0 $0
NIKKI ANDRADE MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
MICHELLE RESENDES MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
DONALD ROBER MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
MICHELLE BEAUVAIS MANAGEMENT TRUSTEE (AS OF 9/24) 0.30
Director
$0 $0 $0
BARBARA WHITNEY LABOR TRUSTEE 0.30
Director
$0 $0 $0
KARA KOSMES MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
TAMMY D'ENTREMONT MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
JACQUELINE KOTOWSKI LABOR TRUSTEE 0.30
Director
$0 $0 $0
SARAH DORMAN LABOR TRUSTEE (AS OF 9/24) 0.30
Director
$0 $0 $0
SARAH ANDERSON LABOR TRUSTEE (AS OF 12/24) 0.30
Director
$0 $0 $0
RICHARD PORCELLI LABOR TRUSTEE (UNTIL 11/24) 0.30
Director
$0 $0 $0
MICHELLE SHEPARD MANAGEMENT TRUSTEE (UNTIL 9/24) 0.30
Director
$0 $0 $0
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
2025 $21,487,559 $22,716,149 $17,429,455 $-1,228,590
2024 No data No data No data No data
2023 $21,462,348 $18,950,011 $16,559,040 $2,512,337
2022 $20,558,548 $18,669,195 $13,996,752 $1,889,353
2021 $19,479,998 $16,701,524 $12,775,063 $2,778,474
2020 $19,195,671 $18,989,666 $9,165,544 $206,005
2019 $18,639,765 $18,052,192 $8,792,162 $587,573
2018 $17,606,237 $15,681,138 $7,990,340 $1,925,099
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