MASSACHUSETTS PUBLIC EMPLOYEES HEALTH AND WELFARE FUND (EIN 222618894) - 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

1984

Legal Domicile

Principal Officer

SUSAN FOURNIER

Phone

6174264440

Tax Period

2022-07-01 to 2023-06-30

MASSACHUSETTS PUBLIC EMPLOYEES HEALTH AND WELFARE FUND, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $31.0M in total revenue in fiscal year 2022. Expenses of $26.9M left a modest 13% surplus.

Mission

TO PROVIDE & ADMINISTER BENEFITS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,493,400

Investment Income $3,455,652

Other Revenue $20,896

TOTAL REVENUE $30,969,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,699,401

Fundraising Expenses $0

Other Expenses $1,563,704

TOTAL EXPENSES $26,936,492

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,969,948	$29,841,958	+0.0%
Expenses	$26,936,492	$25,497,535	+0.1%
Net Income	$4,033,456	$4,344,423	-0.1%

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

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

Volunteers

N/A

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

$200,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BERNARD	TRUSTEE/CO-CHAIR	2.00	Director	$0	$0	$0
MATTHEW HALE	TRUSTEE/CO-CHAIR	2.00	Director	$0	$0	$0
LINDA DELUCA	TRUSTEE	2.00	Director	$0	$0	$0
CHERI ANTELO	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW KANE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MURRAY	TRUSTEE	2.00	Director	$0	$0	$0
ERICA CRYSTAL	TRUSTEE	2.00	Director	$0	$0	$0
DIANNE CANAVAN	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN FOURNIER	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$174,239	$26,535	$200,774
KAREN MARTIN	DIRECTOR OF INFORMATION SY	40.00	Highest	$119,624	$25,013	$144,637
BRIAN B NOVY	CHIEF DENTAL OFFICER	40.00	Highest	$220,003	$30,911	$250,914
SCOTT D DAVIS	SENIOR SOFTWARE ENGINEER	40.00	Highest	$100,939	$23,095	$124,034

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$30,969,948	$26,936,492	$82,514,559	$4,033,456
2022	$29,841,958	$25,497,535	$74,457,574	$4,344,423
2021	$30,073,973	$26,456,123	$76,814,912	$3,617,850
2020	$30,785,501	$22,490,846	$65,047,788	$8,294,655
2019	$29,612,152	$26,463,100	$59,074,571	$3,149,052
2018	$28,694,742	$25,689,693	$53,790,924	$3,005,049

MASSACHUSETTS PUBLIC EMPLOYEES HEALTH AND WELFARE FUND