Longwood Medical Energy Collaborat… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

Gretchen May

Phone

6176322310

Tax Period

2023-10-01 to 2024-09-30

Longwood Medical Energy Collaborative Inc, founded in 1999, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

Plan, coordinate, and implement energy-related initiatives for the benefit of Harvard Medical School and its affiliated academic medical centers in the Longwood Medical Area of Boston.

Program Service Accomplishments

Program 1

Expenses: $4,484,740 Revenue: $4,546,921

Longwood Medical Energy Collaborative engaged in planning and coordination for the purpose of promoting energy conservation and securing efficient energy sources that will meet the specialized needs of Harvard Medical School and its affiliated academic medical centers in the Longwood Medical Area of Boston.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,546,921

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,546,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,439

Fundraising Expenses $0

Program Expenses $4,484,740

Other Expenses $4,056,482

TOTAL EXPENSES $4,546,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,546,921	$2,312,143	+1.0%
Expenses	$4,546,921	$2,312,143	+1.0%
Net Income	$0	$0	N/A

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

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

$2,948,125

Total Directors

$6,239,909

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jarrod Dore	Director	1.00	Director	$0	$14,803	$334,511
Sonal Gandhi	Director	1.00	Director	$0	$34,633	$390,093
Douglas C Garron	Director	1.00	Director	$0	$73,088	$400,900
Bernard Jones	Director	1.00	Director	$0	$63,771	$508,494
Jamie Katz	Director	1.00	Director	$0	$0	$0
Vito La Francesca	Director	1.00	Director	$0	$56,448	$227,006
Christine Lau	Alternate Director	1.00	Director	$0	$14,096	$208,352
Mark Lukitsch	Director	1.00	Director	$0	$32,915	$179,028
Steve Maiorisi	Director	1.00	Director	$0	$70,770	$474,302
Mary Kaitlin O'Connor	Alternate Director	1.00	Director	$0	$23,299	$294,577
George Player	Alternate Director	1.00	Director	$0	$70,545	$457,219
Malisa Schuyler	Director	1.00	Director	$0	$0	$0
Wendy Gettleman	Co-Chair/Director	1.00	Officer Director	$0	$89,618	$479,215
Lisa Hogarty	Co-Chair & Treasurer/Director	1.00	Officer Director	$0	$56,590	$836,188
Michele Garvin	Clerk/Director (end Dec 23)	1.00	Officer Director	$0	$53,172	$1,254,786
Christopher Viney	Clerk/Director (start Jan 24)	1.00	Director	$0	$20,376	$195,238
Gretchen E May	President & Executive Director	1.00	Officer	$0	$50,989	$377,936

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	$4,546,921	$4,546,921	$1,888,601	No data
2023	$2,312,143	$2,312,143	$1,836,182	No data
2022	$1,099,265	$1,099,265	$1,941,777	No data
2021	$1,324,978	$1,324,978	$336,172	No data
2020	$886,447	$886,447	$403,740	No data
2019	$829,402	$829,402	$397,749	No data
2018	$709,350	$709,350	$349,878	No data

Longwood Medical Energy Collaborative Inc