BOSTON, MA
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Sign In — Free (10 views/day)MASSACHUSETTS EYE AND EAR ASSOCIATES INC, founded in 1986, is a major nonprofit in the Health Care sector that reported $129.6M in total revenue in fiscal year 2017.
FIRST CLASS OR CHARTER TRAVEL THE MASSACHUSETTS EYE AND EAR ASSOCIATES TRAVEL POLICY ALLOWS PHYSICIANS TO RECEIVE APPROVAL TO TRAVEL FIRST CLASS, TYPICALLY ON LONG FLIGHTS. IN 2017, ONE TRUSTEE/OFFICER AND ONE TRUSTEE FLEW FIRST CLASS. NO PORTION OF THE FIRST CLASS TRAVEL WAS TREATED AS TAXABLE COMPENSATION TO EITHER PHYSICIAN. SCHEDULE J, PART I, LINE 4B: CERTAIN INDIVIDUALS PARTICIPATE IN A DEFERRED COMPENSATION ARRANGEMENT WITH MASSACHUSETTS EYE AND EAR. UNDER THIS AGREEMENT, JOHN FERNANDEZ WILL BE CREDITED $200,000 FOR CALENDAR YEAR 2017. JOAN MILLER AND D. BRADLEY WELLING WILL EACH BE CREDITED $100,000 FOR CALENDAR YEAR 2017. EACH ANNUAL CREDIT WILL VEST ON THE FOURTH ANNIVERSARY OF THE DATE SUCH CREDIT WAS MADE OR UPON (1) THE ATTAINMENT OF THE AGE OF 65 WHILE EMPLOYED; (2) TERMINATION WITHOUT CAUSE OR RESIGNATION FOR GOOD REASON; (3) DEATH; (4) DISABILITY; OR (5) CHANGE OF CONTROL OF MASSACHUSETTS EYE AND EAR WITHIN THE MEANING OF SECTION 409A OF THE INTERNAL REVENUE CODE. MR. FERNANDEZ RECEIVED A PAYOUT OF $195,795 FROM THE DEFERRED COMPENSATION AGREEMENT IN 2017. SCHEDULE J, PART I, LINE 7: THE BOARD OF TRUSTEES OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, UPON RECOMMENDATIONS OF THE COMPENSATION COMMITTEE, APPROVE A BONUS PROGRAM FOR CERTAIN INDIVIDUALS LISTED ON THE SCHEDULE J. THE PROGRAM REQUIRES THAT SUPERVISORY PERSONNEL MAKE THE DETERMINATION OF (1) ELIGIBILITY AND (2) AMOUNT OF BONUS DOLLARS BASED ON OVERALL JOB PERFORMANCE. THE CEO OF THE INFIRMARY HAS THE AUTHORITY TO (1) OVERRULE RECOMMENDATIONS MADE BY SUPERVISORS AND (2) MAKE BONUS DETERMINATIONS FOR VICE PRESIDENT LEVEL PERSONNEL. THE COMPENSATION COMMITTEE OF THE BOARD HAS THE FINAL AUTHORITY FOR BONUSES PAID TO THE CEO AS WELL AS THE VICE PRESIDENTS AND CHIEFS. THE COMPENSATION COMMITTEE MEETING WAS HELD ON NOVEMBER 15, 2017. TOTAL COMPENSATION FOR LISTED INDIVIDUALS, INCLUDING BONUS PAYMENTS, WAS ANALYZED BY INDEPENDENT COMPENSATION CONSULTANTS, DETERMINED TO BE REASONABLE COMPENSATION, AND APPROVED BY THE BOARD. NO COMPENSATION PAYMENT CAN BE MADE IN EXCESS OF THESE AMOUNTS. AS PART OF THE MEEA COMPENSATION STRUCTURE, SOME PHYSICIANS ARE PAID INCENTIVES BASED UPON THE ACADEMIC, EDUCATION AND FINANCIAL RESULTS OF THEIR PRACTICE. THE INCENTIVE PROGRAM REQUIRES THAT THE VICE PRESIDENT OF EACH DEPARTMENT MAKE DETERMINATIONS OF (1) ELIGIBILITY AND (2) AMOUNT OF BONUS DOLLARS BASED ON THE PHYSICIAN'S PRACTICE AND OVERALL JOB PERFORMANCE. THE CHIEF OF EACH DEPARTMENT HAS THE AUTHORITY TO OVERRULE RECOMMENDATIONS MADE BY THE VICE PRESIDENT. TOTAL COMPENSATION FOR THE LISTED PHYSICIANS IN SCHEDULE J, INCLUDING BONUS PAYMENTS, WAS ALSO ANALYZED BY INDEPENDENT COMPENSATION CONSULTANTS AND DETERMINED TO BE REASONABLE COMPENSATION. AFTER THE REVIEW BY OUTSIDE COMPENSATION CONSULTANTS, THE COMPENSATION COMMITTEE OF MEEI APPROVES THE PHYSICIAN COMPENSATION PACKAGES INCLUDING ANY BONUS AMOUNTS. NO COMPENSATION PAYMENTS CAN BE MADE IN EXCESS OF THESE AMOUNTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2017 | 2016 | Change | |
|---|---|---|---|
| Revenue | $129,616,534 | $127,112,916 | +0.0% |
| Expenses | $128,977,199 | $125,483,513 | +0.0% |
| Net Income | $639,335 | $1,629,403 | -0.6% |
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NICOLAS BUSABA MD | DIRECTOR (UNTIL 9/26/18) | 60.0 |
Director
|
$373,115 | $56,137 | $429,252 |
| SUNIL EAPPEN MD | SEE SCHEDULE O FOR TITLE | 29.0 |
Officer
Director
|
$622,959 | $58,175 | $681,134 |
| JOHN FERNANDEZ | DIRECTOR | 5.0 |
Director
|
$0 | $229,175 | $1,372,817 |
| SUZANNE FREITAG MD | DIRECTOR (UNTIL 9/26/18) | 60.0 |
Director
|
$407,277 | $48,155 | $455,432 |
| JONATHAN KUTCHINS | DIRECTOR (UNTIL 12/6/17) | 2.0 |
Director
|
$0 | $0 | $0 |
| HUGH CURTIN | DIR, SEC/TREAS (AS OF 1/1/18) | 60.0 |
Officer
Director
|
$676,358 | $48,157 | $724,515 |
| JOAN W MILLER | DIR CHAIR/PRES (AS OF 8/23/18) | 27.0 |
Officer
Director
|
$904,826 | $148,157 | $1,052,983 |
| D BRADLEY WELLING | DIR, CHAIR/PRES (UNTIL 12/17) | 29.0 |
Officer
Director
|
$1,063,052 | $158,175 | $1,221,227 |
| KENNETH HOLMES | CFO MEEA | 30.0 |
Officer
|
$0 | $24,792 | $325,409 |
| DEBRA ROGERS | VP OPTHALMOLOGY | 30.0 |
Key Emp
|
$0 | $16,757 | $318,091 |
| RACHEL WASSERSTROM | VP OTOLARYNGOLOGY | 30.0 |
Key Emp
|
$0 | $24,654 | $311,556 |
| BARBARA SCULLY | DIR. PROFESSIONAL BILLING | 30.0 |
Key Emp
|
$0 | $22,708 | $213,754 |
| PAUL KONOWITZ | PHYSICIAN | 60.0 |
Highest
|
$852,492 | $48,157 | $900,649 |
| ALEX GRILLI | PHYSICIAN | 60.0 |
Highest
|
$867,638 | $56,137 | $923,775 |
| MICHAEL RHO | PHYSICIAN | 60.0 |
Highest
|
$806,875 | $42,512 | $849,387 |
| THERESA A HADLOCK | PHYSICIAN | 60.0 |
Highest
|
$847,974 | $56,137 | $904,111 |
| NOAH SIEGEL | PHYSICIAN | 60.0 |
Highest
|
$838,468 | $56,137 | $894,605 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $129,616,534 | $128,977,199 | $33,300,388 | $639,335 |
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