BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FACULTY PRACTICE FOUNDATION INC, founded in 1994, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 57% operating deficit.
FACULTY PRACTICE FOUNDATION, INC.'S ("THE FOUNDATION") PRIMARY MISSION IS TO IMPROVE THE HEALTH OF ALL, BY LEADING THROUGH INNOVATION AND COLLABORATION IN PATIENT CARE, EDUCATION, AND RESEARCH; AND TO PROMOTE THE PROFESSIONAL AND PERSONAL WELL-BEING OF ITS PHYSICIANS AND OTHER PROVIDERS. THE FOUNDATION FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE FACULTY PRACTICE PLANS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,442,400 | $21,153,557 | -0.8% |
| Expenses | $6,952,489 | $29,751,850 | -0.8% |
| Net Income | $-2,510,089 | $-8,598,293 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN ANTMAN MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| ANITA CARSON | TRUSTEE (UNTIL 9/25/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| RENA CONTI PHD | TRUSTEE (AS OF 9/25/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT | 32.00 |
Officer
Director
|
$0 | $0 | $0 |
| THAMARAH CREVECOEUR CNM | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MANISHI DESAI MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MEGHAN DIERKS MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| ALIK FARBER MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| GREGORY GRILLONE MD | TREASURER, TRUSTEE | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY HOLLENBERG MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MANJU SUBRAMANIAN MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| SUSHRUT WAIKAR MD MPH | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| RICHARD SUGARMAN | CLERK | 4.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,442,400 | $6,952,489 | $106,090,760 | $-2,510,089 |
| 2024 | $4,442,400 | $6,952,489 | $106,090,760 | $-2,510,089 |
| 2024 | No data | No data | No data | No data |
| 2023 | $16,064,448 | $29,679,789 | $106,995,174 | $-13,615,341 |
| 2022 | $13,798,440 | $35,064,017 | $97,416,333 | $-21,265,577 |
| 2021 | $45,984,440 | $47,615,907 | $98,365,059 | $-1,631,467 |
| 2020 | $22,594,902 | $33,365,641 | $119,535,340 | $-10,770,739 |
| 2019 | $10,472,156 | $17,528,347 | $85,395,354 | $-7,056,191 |
| 2018 | $11,465,997 | $16,741,357 | $105,403,670 | $-5,275,360 |
Compare FACULTY PRACTICE FOUNDATION INC with other nonprofits in Massachusetts and across the country.