MASONIC HEALTH SYSTEM OF MASSACHUS… - 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

2000

Legal Domicile

Principal Officer

TAMERYN CAMPBELL

Phone

5082487344

Tax Period

2023-01-01 to 2023-12-31

MASONIC HEALTH SYSTEM OF MASSACHUSETTS INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $124K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $114K left a modest 8% surplus.

Mission

TO SPONSOR, DEVELOP, OFFER AND/OR PROMOTE SERVICES AND PROGRAMS RELATING TO THE CARE, TREATMENT AND HEALING OF HUMANS, WHICH SERVICES AND PROGRAMS ARE CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL AND WHICH ADDRESS THE PHYSICAL AND MENTAL NEEDS OF EVERY RACE, COLOR AND RELIGION, AND THEIR WIDOWS AND FAMILY MEMBERS, AS WELL AS MEMBERS OF THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO ESTABLISH, MAINTAIN AND OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES A RETIREMENT AND CONVALESCENT HOME TO AID, ASSIST AND/OR SUPPORT AGED, SICK AND INFIRM FREEMASONS AND THE WIDOWS AND WIVES OF...

TO ESTABLISH, MAINTAIN AND OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES A RETIREMENT AND CONVALESCENT HOME TO AID, ASSIST AND/OR SUPPORT AGED, SICK AND INFIRM FREEMASONS AND THE WIDOWS AND WIVES OF FREEMASONS ALONG WITH THE GENERAL PUBLIC.

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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 $36,303

Program Service Revenue $0

Investment Income $87,409

Other Revenue $0

TOTAL REVENUE $123,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,418

Fundraising Expenses $0

Other Expenses $3,938

TOTAL EXPENSES $114,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,712	$175,836	-0.3%
Expenses	$114,356	$796	+142.7%
Net Income	$9,356	$175,040	-0.9%

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

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

$676,917

Total Directors

$542,901

Key Employees

$514,832

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MASON RUSSELL	TREASURER	0.15	Officer Director	$0	$0	$0
KENNETH BLAKE	CHAIR	0.15	Officer Director	$0	$0	$0
DONALD LALIBERTE	VICE CHAIR	0.15	Officer Director	$0	$0	$0
ROBERT SCHREMSER	CLERK	0.15	Officer Director	$0	$0	$0
TAMERYN CAMPBELL	PRESIDENT & CEO	0.15	Officer Director	$0	$66,253	$542,901
LAWRENCE BETHUNE	SECRETARY (LEFT 1/2023)	0.00	Officer Director	$0	$0	$0
ROBERT JOLLY	DIRECTOR	0.15	Director	$0	$0	$0
REV DR RICHARD HALEY	SECRETARY	0.15	Officer Director	$0	$0	$0
JAY JOLICOEUR	DIRECTOR (FROM 3/2023)	0.15	Director	$0	$0	$0
GEORGE HAMILTON	DIRECTOR	0.15	Director	$0	$0	$0
NICHOLAS PUGLIESE	CHIEF FINANCIAL OFFICER	0.15	Officer	$0	$0	$134,016
SHAWN M BERTRAM	COO	0.15	Key Emp	$0	$32,572	$320,562
TED WILBUR	CHIEF INFORMATION OFFICER	0.15	Key Emp	$0	$13,813	$194,270

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	No data	No data	No data	No data
2023	$123,712	$114,356	$18,846,491	$9,356
2022	$175,836	$796	$18,726,274	$175,040
2021	$209,205	$973	$18,557,399	$208,232
2020	$125,021	$945	$19,835,323	$124,076
2019	$113,052	$2,443	$18,489,863	$110,609
2018	$206,273	$2,106	$18,549,254	$204,167

MASONIC HEALTH SYSTEM OF MASSACHUSETTS INC