THE BOSTON HEALTH NET CORPORATION (EIN 043279836) - 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

1995

Legal Domicile

Principal Officer

WILLIAM HALPIN JR

Phone

6176380990

Tax Period

2020-10-01 to 2021-09-30

THE BOSTON HEALTH NET CORPORATION, founded in 1995, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2020.

Mission

TO FURTHER THE CHARITABLE AND EDUCATIONAL MISSIONS OF ITS MEMBERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $15,738,711

Program Service Revenue $1,445,190

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,183,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,184

Fundraising Expenses $0

Program Expenses $17,599,503

Other Expenses $17,690,244

TOTAL EXPENSES $17,926,428

Year-over-Year Comparison

	2020	2019	Change
Revenue	$17,183,901	$17,180,560	+0.0%
Expenses	$17,926,428	$17,262,637	+0.0%
Net Income	$-742,527	$-82,077	+8.0%

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

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

$907,815

Total Directors

$4,042,659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J HALPIN JR	PRESIDENT	1.00	Officer Director	$0	$0	$701,521
TERRI NEWSOM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GUALE VALDEZ	TREASURER	1.00	Officer Director	$0	$0	$206,294
KAREN ANTMAN MD	DIRECTOR	1.00	Director	$0	$0	$901,450
MICHELLE NADOW	DIRECTOR	1.00	Director	$0	$0	$282,712
KATHLEEN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BOCK	DIRECTOR	1.00	Director	$0	$0	$297,815
SANDRA COTTERELL	DIRECTOR	1.00	Director	$0	$0	$364,860
MANUEL J LOPES	DIRECTOR	1.00	Director	$0	$0	$0
JAGDEEP TRIVEDI	DIRECTOR	1.00	Director	$0	$0	$276,000
FREDERICA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$389,934
COURTNEY URICK	DIRECTOR	1.00	Director	$0	$0	$0
RAVIN DAVIDOFF	CLERK	1.00	Officer Director	$0	$0	$0
CHUCK JONES	DIRECTOR	1.00	Director	$0	$0	$365,724
CYNTHIA SIERRA	DIRECTOR	1.00	Director	$0	$0	$256,349

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
2021	$17,183,901	$17,926,428	$1,391,448	$-742,527
2020	$17,180,560	$17,262,637	$1,076,301	$-82,077
2019	$17,170,819	$17,171,454	$1,035,021	$-635
2018	$17,010,697	$17,013,947	$1,074,332	$-3,250

THE BOSTON HEALTH NET CORPORATION