TUFTS MEDICINE CARE AT HOME PARENT INC

EIN: 222587225 501(c)(3) Health Care

LAWRENCE, MA

Total Revenue
$1,608,108
Total Expenses
$1,110,823
Total Assets
$93,858,256
Net Assets
$93,858,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MA
Principal Officer
PATRICIA O'BRIEN
Phone
9785524000
Tax Period
2023-10-01 to 2024-09-30

TUFTS MEDICINE CARE AT HOME PARENT INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $497K, a strong 31% operating margin.

Mission

TUFTS MEDICINE CARE AT HOME PARENT, INC.'S PRIMARY PURPOSES ARE TO ACT AS A HOLDING COMPANY AND PROVIDE MANAGEMENT SERVICES TO AFFILIATED HOME CARE PROVIDERS PROVIDING SERVICES TO PATIENTS IN THE MERRIMACK VALLEY AND OTHER REGIONS, INCLUDING SOUTHERN NEW HAMPSHIRE AND THE SEACOAST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106
Program Service Revenue $1,607,688
Investment Income $314
Other Revenue $0
TOTAL REVENUE $1,608,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $670,741
Fundraising Expenses $0
Program Expenses $440,082
Other Expenses $440,082
TOTAL EXPENSES $1,110,823

Year-over-Year Comparison

2023 2022 Change
Revenue $1,608,108 $-1,582,436 -2.0%
Expenses $1,110,823 $2,614,138 -0.6%
Net Income $497,285 $-4,196,574 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
6
Employees
40
Volunteers
9

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
8
$1,923,393
Total Directors
14
$3,530,189
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA DOYLE CHAIR 0.50
Officer Director
$0 $0 $0
BARBARA B SAGER VICE CHAIR (UNTIL 7/24) 0.50
Officer Director
$0 $0 $0
SCOTT A COLLINS TRUSTEE 0.50
Director
$0 $0 $0
SUSAN GREEN TREASURER (UNTIL 12/23) 0.50
Officer Director
$0 $38,808 $1,085,892
DANIEL A HAYES JR SECRETARY 0.50
Officer Director
$0 $0 $0
MICHAEL DANDORPH TRUSTEE 0.50
Director
$0 $359,711 $2,085,861
EDA GEORGE RN PH D TRUSTEE 0.50
Director
$0 $0 $0
DEBRA S GRABOWSKI TRUSTEE (UNTIL 1/24) 0.50
Director
$0 $0 $0
KEITH N SOUCIE TRUSTEE (UNTIL 1/24) 0.50
Director
$0 $0 $0
DR RAYMOND H LEWIS JR TRUSTEE 0.50
Director
$0 $0 $0
PATRICIA O'BRIEN PRESIDENT 0.50
Officer Director
$0 $4,850 $163,658
ANDREW DEVOE TREASURER 0.50
Officer Director
$0 $0 $0
TOVAH GILRAY ASSISTANT SECRETARY 0.50
Officer Director
$0 $5,142 $194,778
BOBBY TUGBIYELE TRUSTEE 0.50
Director
$0 $0 $0
CHARLES WHIPPLE ESQ ASSISTANT SECRETARY (UNTIL 4/24) 0.50
Officer
$0 $77,182 $479,065
DONNA BEAUDIN VP OF QUAL COMP RISK MGMT 37.50
Highest
$236,899 $23,182 $260,081
LAUREN BROUSSEAU DIR, HR AND DEI 37.50
Highest
$109,606 $3,180 $112,786
KAREN E GOMES FORMER PRESIDENT/CEO 42.50
$260,264 $2,087 $262,351
JOSEPH WHITE FORMER TRUSTEE (UNTIL 9/23) 0.00
$0 $23,483 $1,140,951
DIANE FARRAHER-SMITH FORMER CHIEF CIO 1.00
$0 $3,101 $303,162
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 $1,608,108 $1,110,823 $93,858,256 $497,285
2023 $-1,582,436 $2,614,138 $115,380,087 $-4,196,574
2022 $6,356,514 $4,665,567 $120,498,833 $1,690,947
2021 $16,042,390 $3,843,792 $114,575,797 $12,198,598
2020 $7,340,930 $4,279,445 $111,402,359 $3,061,485
2019 $6,151,763 $4,655,795 $108,360,585 $1,495,968
2018 $6,454,699 $4,018,314 $98,033,464 $2,436,385
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