HEALTH MANAGEMENT SERVICES INC

EIN: 222581863 501(c)(3)

LYNN, MA

Total Revenue
$3,276,572
Total Expenses
$3,291,019
Total Assets
$1,810,192
Net Assets
$-362,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Phone
7815982454
Tax Period
2024-01-01 to 2024-12-31

HEALTH MANAGEMENT SERVICES INC, founded in 1985, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024.

Mission

CHARITABLE - COORDINATION AND SUPPORT OF HOME HEALTH SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,291,019
Investment Income $0
Other Revenue $-14,447
TOTAL REVENUE $3,276,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,767,094
Fundraising Expenses $0
Program Expenses $2,964,044
Other Expenses $1,523,925
TOTAL EXPENSES $3,291,019

Year-over-Year Comparison

2024 2023 Change
Revenue $3,276,572 $3,161,393 +0.0%
Expenses $3,291,019 $3,175,374 +0.0%
Net Income $-14,447 $-13,981 +0.0%
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

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Governance

Voting Members
13
Independent Members
12
Employees
8
Volunteers
20

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
6
$950,438
Total Directors
13
$586,850
Key Employees
1
$198,004
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL CLASBY TREASURER 2.0
Officer Director
$0 $0 $0
F ROBERT ALLISON ESQ SECRETARY 2.0
Officer Director
$0 $0 $0
JO-MARY KOOPMAN PRESIDENT/CEO 7.5
Officer Director
$488,321 $98,529 $586,850
KEVIN BRANSFIELD VICE CHAIRMAN 2.0
Officer Director
$0 $0 $0
LOUIS J FENTON CHAIRMAN 2.0
Officer Director
$0 $0 $0
DAVID PERRY DIRECTOR 2.0
Director
$0 $0 $0
GEORGE KOUTOS DIRECTOR 2.0
Director
$0 $0 $0
JAMES SMITH DIRECTOR 2.0
Director
$0 $0 $0
KENNETH HARDING DIRECTOR 2.0
Director
$0 $0 $0
KIMBERLEY FEENEY ZOLLO DIRECTOR 2.0
Director
$0 $0 $0
RONALD PLOTKA DIRECTOR 2.0
Director
$0 $0 $0
SANDRA CROSS DIRECTOR 2.0
Director
$0 $0 $0
SHAWN POTTER DIRECTOR 2.0
Director
$0 $0 $0
DANIEL MEYLER CFO/ SENIOR VP 7.5
Officer
$317,859 $45,729 $363,588
MAUREEN COLLIER VP CLINICAL 37.5
Key Emp
$193,166 $4,838 $198,004
KELLY LEBLANC EXECUTIVE ASSISTANT 37.5
Highest
$149,130 $3,245 $152,375
PAUL GOODWIN MIS DIRECTOR 37.5
Highest
$172,212 $3,858 $176,070
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 $3,276,572 $3,291,019 $1,810,192 $-14,447
2023 $3,161,393 $3,175,374 $1,552,294 $-13,981
2022 $3,534,353 $3,549,704 $1,467,874 $-15,351
2021 $5,162,497 $5,247,133 $1,152,062 $-84,636
2020 $4,589,522 $4,671,203 $1,123,457 $-81,681
2019 $3,178,456 $3,255,306 $2,715,946 $-76,850
2018 $3,181,039 $3,257,946 $2,095,894 $-76,907
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