MDS FOUNDATION INC

EIN: 043466040 501(c)(3) Philanthropy & Grantmaking

SOUTHBOROUGH, MA

Total Revenue
$239,329
Total Expenses
$167,953
Total Assets
$2,180,040
Net Assets
$2,179,388
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MA
Principal Officer
KEVIN MONTEIRO
Phone
5084809797
Tax Period
2023-07-01 to 2024-06-30

MDS FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $239K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 30% operating margin.

Mission

THE MDS FOUNDATION IS DEDICATED TO DIRECTING ITS CHARITABLE RESOURCES TO IMPROVE THE ORAL HEALTH OF MASSACHUSETTS RESIDENTS.

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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 $154,864
Program Service Revenue $0
Investment Income $84,465
Other Revenue $0
TOTAL REVENUE $239,329

Expense Breakdown

Grants Paid $145,677
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $145,677
Other Expenses $22,276
TOTAL EXPENSES $167,953

Year-over-Year Comparison

2023 2022 Change
Revenue $239,329 $144,513 +0.7%
Expenses $167,953 $123,157 +0.4%
Net Income $71,376 $21,356 +2.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
$360,337
Total Directors
11
$360,337
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MONTEIRO CAE EXECUTIVE DIRECTOR, CLERK 2.00
Officer Director
$0 $20,731 $360,337
ROBERT LEWANDO DDS CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER KORZEB DMD TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD LOGUERCIO DDS EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
JANIS MORIARTY DMD MEMBER 1.00
Director
$0 $0 $0
KATIE-ROSE WAGNER DDS MEMBER 1.00
Director
$0 $0 $0
MARTIN WOHL DDS MEMBER 1.00
Director
$0 $0 $0
EDWARD SWIDERSKI DDS MEMBER 1.00
Director
$0 $0 $0
ALBERT SANDLER DMD MEMBER 1.00
Director
$0 $0 $0
MARY DEMELLO DMD MEMBER 1.00
Director
$0 $0 $0
DYLAN WEBER DDS MEMBER 1.00
Director
$0 $0 $0
SHANNON MCCARTHY MANAGING DIRECTOR OF YANKEE DENTAL CONGRESS AND BU 0.00
Highest
$0 $29,810 $162,653
SUSAN GRIFFIN MANAGING DIRECTOR OF ACCOUNTING AND FINANCE 0.00
Highest
$0 $26,156 $155,143
ELLEN FACTOR MANAGING DIRECTOR OF MEMBERSHIP AND DENTAL PRACTIC 0.00
Highest
$0 $11,342 $135,479
RYAN COLLINS DIRECTOR, MARKETING 0.00
Highest
$0 $13,533 $125,655
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 $239,329 $167,953 $2,180,040 $71,376
2023 $144,513 $123,157 $2,040,174 $21,356
2022 $147,355 $105,901 $2,003,785 $41,454
2021 $151,821 $2,910,483 $2,163,000 $-2,758,662
2020 $3,261,579 $624,343 $4,800,217 $2,637,236
2019 $147,619 $110,689 $2,157,157 $36,930
2018 $184,974 $151,601 $2,098,436 $33,373
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