ELEMENT CARE INC (EIN 043267751) - 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

1994

Legal Domicile

Principal Officer

ROBERT DURANTE

Phone

7817156608

Tax Period

2022-07-01 to 2023-06-30

ELEMENT CARE INC, founded in 1994, is a major nonprofit in the Human Services sector that reported $110.0M in total revenue in fiscal year 2022. Expenses of $106.0M left a modest 4% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE HEALTH AND SOCIAL SERVICES TO ELDERS OF MASSACHUSETTS LOCATED NORTH OF BOSTON. PACE IS A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY THAT ENABLES ELIGIBLE SENIORS TO REMAIN IN THEIR OWN COMMUNITIES RATHER THAN BEING PLACED IN LONG-TERM CARE FACILITIES. THE ORGANIZATION'S GOAL IS TO MAXIMIZE THE HEALTH AND FUNCTIONING LEVELS OF PROGRAM ENROLLEES TO ENABLE THEM TO CONTINUE LIVING IN 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,716,402

Investment Income $1,285,433

Other Revenue $15,889

TOTAL REVENUE $110,017,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,940,681

Fundraising Expenses $0

Program Expenses $88,487,459

Other Expenses $70,043,043

TOTAL EXPENSES $105,983,724

Year-over-Year Comparison

	2022	2021	Change
Revenue	$110,017,724	$107,097,540	+0.0%
Expenses	$105,983,724	$96,264,425	+0.1%
Net Income	$4,034,000	$10,833,115	-0.6%

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

348

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

$1,206,101

Total Directors

Key Employees

$872,121

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BURNS	DIRECTOR	5.00	Director	$0	$0	$0
PETER ROSSETTI	DIRECTOR	5.00	Director	$0	$0	$0
DR KIAME MAHANIAH	DIRECTOR UNTIL (MAR '23)	5.00	Director	$0	$0	$0
DR GEOFF PECHINSKY	DIRECTOR (SINCE APR '23)	5.00	Director	$0	$0	$0
RODOLFO RUDY VEGA	DIRECTOR (SINCE APR '23)	5.00	Director	$0	$0	$0
ELIUD ALCALA	DIRECTOR (SINCE APR '23)	5.00	Director	$0	$0	$0
DARLENE GALLANT	DIRECTOR (SINCE JUN '23)	5.00	Director	$0	$0	$0
BOB PALLESCHI	DIRECTOR	5.00	Director	$0	$0	$0
MARILYN SMITH	CLERK	5.00	Officer Director	$0	$0	$0
MARY MAGNER	TREASURER (SINCE JAN '23)	5.00	Officer Director	$0	$0	$0
WILLIAM JONES	DIR. (TREAS UNTIL JAN '23)	5.00	Officer Director	$0	$0	$0
JOHN FEEHAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT WAKEFIELD	EXECUTIVE DIRECTOR	40.00	Officer	$630,134	$43,059	$673,193
ROBERT DURANTE	CHIEF FINANCIAL OFFICER	40.00	Officer	$229,051	$24,727	$253,778
MARY ELLEN DUGAN	CHIEF OPERATING OFFICER	36.00	Officer	$230,815	$48,315	$279,130
JOANNA DUBY	MEDICAL DIR/PHYSICIAN	40.00	Key Emp	$352,851	$34,088	$386,939
JOHN COOLONG	CHIEF INFORMATION OFFICER	40.00	Key Emp	$261,277	$24,280	$285,557
LINDA GAUVAIN	DIRECTOR OF PATIENT CARE SERVICES	40.00	Key Emp	$174,892	$24,733	$199,625
DORINA OMARI	PHYSICIAN	40.00	Highest	$281,720	$33,126	$314,846
TAO LIU	PHYSICIAN	40.00	Highest	$287,237	$18,082	$305,319
VIVIAN CHAN	PHYSICIAN	40.00	Highest	$255,926	$17,530	$273,456
SOUMYA CHANDRASEKARAN	PHYSICIAN	40.00	Highest	$280,976	$33,203	$314,179
CINTHIA COLEMAN	PHYSICIAN	40.00	Highest	$254,565	$18,776	$273,341

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$110,017,724	$105,983,724	$113,395,799	$4,034,000
2022	$107,097,540	$96,264,425	$93,315,351	$10,833,115
2021	$102,077,849	$89,402,275	$83,865,974	$12,675,574
2020	$96,125,136	$88,692,051	$72,193,292	$7,433,085
2019	$89,277,278	$91,475,761	$64,134,540	$-2,198,483
2018	$89,869,281	$90,129,900	$71,595,457	$-260,619

ELEMENT CARE INC