WINCHESTER HOSPITAL FOUNDATION INC

EIN: 043399570 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$6,475,059
Total Expenses
$2,464,298
Total Assets
$22,675,559
Net Assets
$18,900,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
KEVIN TABB MD
Phone
7817449536
Tax Period
2023-10-01 to 2024-09-30

WINCHESTER HOSPITAL FOUNDATION INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 278% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 62% operating margin.

Mission

WINCHESTER HOSPITAL FOUNDATION, INC. (FOUNDATION) WAS ESTABLISHED IN DECEMBER 1997 FOR THE SOLE PURPOSE OF CULTIVATING ONGOING DONOR SUPPORT OF WINCHESTER HOSPITAL (HOSPITAL). SINCE ITS CREATION, THE FOUNDATION HAS BEEN AN IMPORTANT VEHICLE FOR CHARITABLE GIVING TO SUPPORT THE HOSPITAL. FUNDS RAISED BY THE FOUNDATION SUPPORT THE HOSPITAL'S GENERAL OPERATIONS, CAPITAL NEEDS AND CRITICAL PROGRAMS, ALL IN FURTHERANCE OF BOTH THE FOUNDATION'S AND THE HOSPITAL'S MISSIONS. BETH ISRAEL LAHEY HEALTH (BILH) IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,456,538
Program Service Revenue $0
Investment Income $1,015,638
Other Revenue $2,883
TOTAL REVENUE $6,475,059

Expense Breakdown

Grants Paid $719,749
Salaries & Benefits $0
Fundraising Expenses $1,737,235
Program Expenses $727,063
Other Expenses $1,675,605
TOTAL EXPENSES $2,464,298

Year-over-Year Comparison

2023 2022 Change
Revenue $6,475,059 $1,713,102 +2.8%
Expenses $2,464,298 $2,625,488 -0.1%
Net Income $4,010,761 $-912,386 -5.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
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
3
$8,401,755
Total Directors
5
$9,558,849
Key Employees
1
$315,219
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TABB MD KEVIN TTEE & PRES (EX-OFF) (CEO, BILH) 1.00
Officer Director
$0 $1,097,028 $5,410,415
RIOS CINDY TTEE & TREAS (EXOFF) (EVP/CFO, BILH) 1.00
Officer Director
$0 $217,736 $1,689,163
KATZ ESQ JAMIE TTEE &CLERK (EX-O); GEN COUNSEL BILH 1.00
Officer Director
$0 $32,002 $1,302,177
WOODS MATTHEW TRUSTEE (EX-OFFICIO) (CFO, WH) 1.00
Director
$0 $55,268 $579,344
CAMPBELL RN MBA FACHE AL TRUSTEE (EX-OFFICIO) (PRESIDENT, WH) 1.00
Director
$0 $2,802 $577,750
FLYNN DENISE VP PHILANTHROPY 1.00
Key Emp
$0 $26,717 $315,219
WEINER MD RICHARD FRMR TTEE (EX-OFF) & CEO (PRES, WH) 0.00
$0 $0 $116,315
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
2024 $6,475,059 $2,464,298 $22,675,559 $4,010,761
2023 $1,713,102 $2,625,488 $17,114,392 $-912,386
2022 $1,502,746 $1,769,925 $14,491,760 $-267,179
2021 $1,971,950 $1,711,007 $14,773,985 $260,943
2020 $1,997,476 $645,768 $12,609,380 $1,351,708
2019 $3,132,058 $825,108 $10,708,978 $2,306,950
2018 $1,677,577 $815,636 $9,022,417 $861,941
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