EAST CONCORD MEDICAL FOUNDATION IN… - 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

1960

Legal Domicile

Principal Officer

ROBERT BIGGIO

Phone

6174145907

Tax Period

2020-07-01 to 2021-06-30

EAST CONCORD MEDICAL FOUNDATION INC C/O BOSTON MEDICAL CENTER, founded in 1960, is a small nonprofit that reported $103K in total revenue in fiscal year 2020. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $361K exceeded revenue, resulting in a 252% operating deficit.

Mission

TO ENGAGE TO SOLICIT, RECEIVE, HOLD, ADMINISTER, INVEST, REINVEST AND EXPEND FUNDS TO ITS MEMBER INSTITUTIONS FOR EDUCATION, SERVICE AND RESEARCH IN HEALTH SCIENCES.

Program Service Accomplishments

Program 1

Expenses: $361,325 Revenue: $101,600

THE TRUSTEES OF BOSTON UNIVERSITY (TBU) AND BOSTON MEDICAL CENTER CORPORATION (BMC) (A LICENSED HOSPITAL) DESIGNATE ECMF'S DIRECTORS. ECMF OPERATES A PARKING GARAGE AND PROVIDES GENERAL SUPPORT FOR...

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,011

Other Revenue $101,600

TOTAL REVENUE $102,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $361,325

Other Expenses $361,325

TOTAL EXPENSES $361,325

Year-over-Year Comparison

	2020	2019	Change
Revenue	$102,611	$1,191,353	-0.9%
Expenses	$361,325	$1,087,840	-0.7%
Net Income	$-258,714	$103,513	-3.5%

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

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

$3,157,831

Total Directors

$4,506,843

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN E WALSH	DIRECTOR	1.00	Director	$0	$31,434	$2,266,999
KAREN ANTMAN MD	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$33,484	$943,732
GARY NICKSA	DIRECTOR, CLERK	1.00	Officer Director	$0	$60,555	$633,788
ROBERT BIGGIO	DIRECTOR/TREASURER	1.00	Officer Director	$0	$53,492	$662,324
DAVID BECK	ASSISTANT CLERK	1.00	Officer	$0	$52,448	$686,076
JASON MAHLER	ASSISTANT CLERK	1.00	Officer	$0	$33,629	$231,911

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
2021	$102,611	$361,325	$3,224,774	$-258,714
2020	$1,191,353	$1,087,840	$3,606,312	$103,513
2019	$1,818,236	$1,178,106	$4,967,443	$640,130
2018	$1,760,589	$1,273,053	$5,741,577	$487,536

EAST CONCORD MEDICAL FOUNDATION INC C/O BOSTON MEDICAL CENTER