Merrimack Valley Health Services Inc

EIN: 222604915 501(c)(3)

Andover, MA

Total Revenue
$1,512,766
Total Expenses
$2,225,865
Total Assets
$1,513,000
Net Assets
$-7,339,000
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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
1984
Legal Domicile
MA
Principal Officer
DIANA L RICHARDSON
Phone
9786834000
Tax Period
2023-10-01 to 2024-09-30

Merrimack Valley Health Services Inc, founded in 1984, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROMOTE HEALTH AND WELL BEING OF THE GENERAL PUBLIC BY PROVIDING THE DELIVERY OF HEALTH CARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,512,766
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,512,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,225,865
Other Expenses $2,225,865
TOTAL EXPENSES $2,225,865

Year-over-Year Comparison

2023 2022 Change
Revenue $1,512,766 $2,323,637 -0.3%
Expenses $2,225,865 $3,517,600 -0.4%
Net Income $-713,099 $-1,193,963 -0.4%
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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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
4

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
10
$1,399,795
Total Directors
6
$563,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN HYNDS INTERIM PRES & CEO(UNTIL 1/24) 1.0
Officer Director
$0 $31,338 $563,845
DEBORAH J WILSON FORMER PRESIDENT & CEO 0.0
$0 $35,320 $546,001
WILLIAM SULLIVAN CFO/CORP ASS TREAS(UNTIL 6/24) 1.0
Officer
$0 $50,833 $475,066
LISA CRUTCHFIELD CORP ASST SEC/CHRO HR 1.0
Officer
$0 $29,115 $360,884
ABHA AGRAWAL PRES. & CEO (AS OF 01/2024) 1.0
Officer Director
$0 $0 $0
DAN RIVERA VICE CHAIRMAN (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
LAUREL SWEENEY TREASURER 1.0
Officer Director
$0 $0 $0
MARK JOHNSON SEC./CLERK (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
CAROL POWERS SEC./CLERK (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
CYNTHIA FITZGERALD INTERIM CFO (AS OF 08/2024) 1.0
Officer
$0 $0 $0
ERNEST FUSARO INTERIM CFO (06/24-08/24) 1.0
Officer
$0 $0 $0
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 $1,512,766 $2,225,865 $1,513,000 $-713,099
2023 $2,323,637 $3,517,600 $939,000 $-1,193,963
2022 $2,639,371 $3,827,133 $784,000 $-1,187,762
2021 $2,748,616 $3,970,000 $1,163,000 $-1,221,384
2020 $2,386,000 $3,808,000 $1,348,000 $-1,422,000
2019 $3,031,000 $4,028,630 $1,022,470 $-997,630
2018 $2,867,694 $3,576,726 $870,562 $-709,032
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