MASSACHUSETTS ASSOCIATION OF HEALTH PLANS INC (EIN 222518016) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

LORA PELLEGRINI

Phone

6173382244

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS ASSOCIATION OF HEALTH PLANS INC, founded in 1982, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Expenses of $3.7M left a modest 5% surplus.

Mission

TO PROMOTE HIGH-QUALITY, AFFORDABLE, AND EQUITABLE HEALTH CARE IN MASSACHUSETTS THROUGH ADVOCACY, EDUCATION AND HEALTH POLICY RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,876,838

Investment Income $20,551

Other Revenue $0

TOTAL REVENUE $3,897,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,463,409

Fundraising Expenses $0

Program Expenses $2,760,969

Other Expenses $1,242,497

TOTAL EXPENSES $3,705,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,897,389	$3,729,196	+0.0%
Expenses	$3,705,906	$3,788,224	0.0%
Net Income	$191,483	$-59,028	-4.2%

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

$724,299

Total Directors

$724,299

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORA PELLEGRINI ESQ	PRES. & CEO/ASST. SECRETAR	40.00	Officer Director	$687,344	$36,955	$724,299
CAIN HAYES	CHAIR (THROUGH 09/2024)	0.37	Officer Director	$0	$0	$0
HEATHER THILTGEN	CHAIR (SINCE 9/2024)	0.52	Officer Director	$0	$0	$0
RICHARD SWIFT	TREASURER	0.43	Officer Director	$0	$0	$0
CHRISTIENNE BIK	DIRECTOR	1.74	Director	$0	$0	$0
TIMOTHY ARCHER	DIRECTOR	0.43	Director	$0	$0	$0
PHILIP BARR	DIRECTOR	0.42	Director	$0	$0	$0
DARCY CARR	DIRECTOR	0.42	Director	$0	$0	$0
CHRISTINE COONEY	DIRECTOR	1.52	Director	$0	$0	$0
DIANA CRUZ	DIRECTOR	0.53	Director	$0	$0	$0
LOU DIERKING	DIRECTOR	0.52	Director	$0	$0	$0
MARK GALLAGHER	DIRECTOR	0.52	Director	$0	$0	$0
ANTHONY GESUALDI JR	DIRECTOR (THROUGH 06/2024)	0.73	Director	$0	$0	$0
JONATHAN GILLERMAN	DIRECTOR	0.82	Director	$0	$0	$0
PATRICK GILLESPIE	DIRECTOR	0.52	Director	$0	$0	$0
BILL GRAHAM	SECRETARY	0.53	Officer Director	$0	$0	$0
STEVEN LARRABEE	DIRECTOR	1.52	Director	$0	$0	$0
KRISTIN LEWIS	DIRECTOR	0.62	Director	$0	$0	$0
JOHN MADONDO	DIRECTOR	0.63	Director	$0	$0	$0
ADAM MARTIGNETTI	DIRECTOR	1.52	Director	$0	$0	$0
ERIK MONTLACK	DIRECTOR	0.42	Director	$0	$0	$0
ALICE MOORE	DIRECTOR	0.60	Director	$0	$0	$0
DAVID MORALES	DIRECTOR	0.42	Director	$0	$0	$0
SCOTT MORRISON	DIRECTOR	0.42	Director	$0	$0	$0
SUSAN O'CONNOR	DIRECTOR	0.53	Director	$0	$0	$0
DUNCAN STUART	DIRECTOR	0.42	Director	$0	$0	$0
STEVEN TRINGALE	DIRECTOR	0.42	Director	$0	$0	$0
MARK WAGGONER	DIRECTOR	0.43	Director	$0	$0	$0
DAVID WESTERVELT	DIRECTOR	0.60	Director	$0	$0	$0
TODD BAILEY	DIRECTOR (THROUGH 06/2024)	0.19	Director	$0	$0	$0
ELIZABETH GOODMAN	DIRECTOR	0.42	Director	$0	$0	$0
JILL LACK	DIRECTOR	0.42	Director	$0	$0	$0
MANNY LOPES	DIRECTOR (BEG. 06/2024)	0.19	Director	$0	$0	$0
ELIZABETH ANN LEAHY ESQ	COS/SR. VP OF ADV. & ENGAG	40.00	Highest	$271,655	$20,795	$292,450
SARAH GORDON CHIARAMIDA ESQ	SR. VP HEALTH POL./GEN. CO	40.00	Highest	$236,984	$50,204	$287,188
ELIZABETH MARIE MURPHY ESQ	VP OF REG. & LEG. AFFAIRS	40.00	Highest	$174,764	$46,311	$221,075
BHAGYASHREE SONWANE	SENIOR HEALTH POLICY & RESEARCH ANALYST	40.00	Highest	$103,719	$8,452	$112,171
ROBERT MCLAUGHLIN	SR. DIR. OF GOVERNMENT AFFAIRS	40.00	Highest	$206,250	$15,577	$221,827

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	$3,897,389	$3,705,906	$2,514,995	$191,483
2023	$3,729,196	$3,788,224	$2,313,825	$-59,028
2022	$3,371,456	$3,576,375	$2,691,481	$-204,919
2021	$3,340,278	$3,282,105	$1,344,935	$58,173
2020	$3,046,348	$2,751,831	$1,203,015	$294,517
2019	$3,044,042	$2,984,936	$1,332,176	$59,106
2018	$2,968,699	$2,931,393	$1,132,279	$37,306

MASSACHUSETTS ASSOCIATION OF HEALTH PLANS INC