MASSACHUSETTS ASSOCIATION OF HEALTH PLANS INC

EIN: 222518016

BOSTON, MA

Total Revenue
$3,637,285
Total Expenses
$3,489,963
Total Assets
$2,246,715
Net Assets
$1,066,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MA
Principal Officer
LORA PELLEGRINI
Phone
6173382244
Tax Period
2025-01-01 to 2025-12-31

MASSACHUSETTS ASSOCIATION OF HEALTH PLANS INC, founded in 1982, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $3.5M left a modest 4% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $2,520,393 Revenue: $3,622,840

TO ADDRESS THE ISSUES OF CARE, COST AND COVERAGE THROUGH ADVOCACY, EDUCATION AND HEALTH POLICY RESEARCH; DEVELOP AND PROMOTE A LEGISLATIVE AND REGULATORY AGENDA THAT ADVANCES THE SUCCESSFUL OPERATION...

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TO ADDRESS THE ISSUES OF CARE, COST AND COVERAGE THROUGH ADVOCACY, EDUCATION AND HEALTH POLICY RESEARCH; DEVELOP AND PROMOTE A LEGISLATIVE AND REGULATORY AGENDA THAT ADVANCES THE SUCCESSFUL OPERATION OF HEALTH PLANS IN MASSACHUSETTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,622,840
Investment Income $14,445
Other Revenue $0
TOTAL REVENUE $3,637,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,417,563
Fundraising Expenses $0
Program Expenses $2,520,393
Other Expenses $1,072,400
TOTAL EXPENSES $3,489,963

Year-over-Year Comparison

2025 2024 Change
Revenue $3,637,285 $3,897,389 -0.1%
Expenses $3,489,963 $3,705,906 -0.1%
Net Income $147,322 $191,483 -0.2%
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

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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
25
Independent Members
25
Employees
N/A
Volunteers
34

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
4
$750,054
Total Directors
26
$750,054
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORA PELLEGRINI ESQ PRES. & CEO/ASST. SECRETARY 40.00
Officer Director
$679,897 $70,157 $750,054
TIMOTHY ARCHER DIRECTOR 0.58
Director
$0 $0 $0
BILL GRAHAM PRESIDENT 0.99
Officer Director
$0 $0 $0
STEVEN TRINGALE VICE PRESIDENT 0.58
Officer Director
$0 $0 $0
SUSAN O'CONNOR TREASURER 0.67
Officer Director
$0 $0 $0
KRISTIN LEWIS CLERK 0.48
Director
$0 $0 $0
CHRISTIENNE BIK DIRECTOR 1.71
Director
$0 $0 $0
CHRISTINE COONEY DIRECTOR 1.82
Director
$0 $0 $0
DIANA CRUZ DIRECTOR 0.68
Director
$0 $0 $0
ANTHONY CALI DIRECTOR 0.22
Director
$0 $0 $0
LOU DIERKING DIRECTOR 0.67
Director
$0 $0 $0
MARK GALLAGHER DIRECTOR 1.59
Director
$0 $0 $0
JONATHAN GILLERMAN DIRECTOR 0.56
Director
$0 $0 $0
PATRICK GILLIGAN DIRECTOR 0.27
Director
$0 $0 $0
JOHN KOEHN DIRECTOR 0.46
Director
$0 $0 $0
MANNY LOPES DIRECTOR 0.58
Director
$0 $0 $0
JOHN MADONDO DIRECTOR 0.81
Director
$0 $0 $0
ADAM MARTIGNETTI DIRECTOR 2.83
Director
$0 $0 $0
ALICE MOORE DIRECTOR 0.55
Director
$0 $0 $0
DAVID MORALES DIRECTOR 0.65
Director
$0 $0 $0
DEANNA SIMONDS DIRECTOR 0.81
Director
$0 $0 $0
HEATHER THILTGEN DIRECTOR 0.56
Director
$0 $0 $0
MICHAEL TREASH DIRECTOR 0.12
Director
$0 $0 $0
MICHAEL VAZQUEZ DIRECTOR 1.59
Director
$0 $0 $0
MARK WAGGONER DIRECTOR 0.70
Director
$0 $0 $0
PAUL WINGLE DIRECTOR 0.12
Director
$0 $0 $0
SARAH GORDON CHIARAMIDA ESQ SR. VP HEALTH POL./GEN. CO. 40.00
Highest
$237,980 $20,101 $258,081
ELIZABETH ANN LEAHY ESQ COS/SR. VP OF ADV. & ENGAG 40.00
Highest
$259,361 $20,249 $279,610
ROBERT MCLAUGHLIN SR. DIR. OF GOV'T AFFAIRS 40.00
Highest
$206,606 $16,029 $222,635
BHAGYASHREE SONWANE SENIOR HEALTH POLICY & RES 40.00
Highest
$107,370 $8,760 $116,130
ELIZABETH MARIE MURPHY ESQ FORMER VP OF REG. & LEG. AFFAIRS 40.00
$194,313 $9,328 $203,641
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 $3,637,285 $3,489,963 $2,246,715 $147,322
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
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