MASSACHUSETTS BAY HEALTH CARE TRUS… - Form 990 Financial Data

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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

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

THE PURPOSES OF THE TRUST ARE TO NEGOTIATE INSURANCE RATES WITH VARIOUS PROVIDERS, ASSESS AND COLLECT MEMBER PREMIUMS, PAY EXPENDITURES OF THE TRUST, AND INVEST THE TRUST'S DEPOSITS. THE TRUST IS NOT INTENDED TO FUNCTION AS AN INSURANCE COMPANY FOR ITS MEMBERS. RATHER, IT IS A MEANS OF COMBINING THE ADMINISTRATION OF CLAIMS AND OF OBTAINING LOWER INSURANCE RATES.

Program Service Accomplishments

Program 1

THE TRUST'S OBJECTIVE IS TO LOWER INSURANCE RATES AND COMBINE ADMINISTRATION OF CLAIMS FOR THE EMPLOYEES OF GREATER LOWELL REGIONAL SCHOOL DISTRICT, MINUTEMAN REGIONAL VOCATIONAL TECHNICAL SCHOOL...

THE TRUST'S OBJECTIVE IS TO LOWER INSURANCE RATES AND COMBINE ADMINISTRATION OF CLAIMS 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.

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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 (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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

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

MASSACHUSETTS BAY HEALTH CARE TRUST FUND