MASSACHUSETTS EYE AND EAR ASSOCIATES INC

EIN: 222658209 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$129,616,534
Total Expenses
$128,977,199
Total Assets
$33,300,388
Net Assets
$19,489,081
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Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
KENNETH E HOLMES
Phone
6175736950
Tax Period
2017-10-01 to 2018-09-30

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.

Mission

MASSACHUSETTS EYE AND EAR ASSOCIATES, INC. ("MEEA") IS A SPECIALTY PHYSICIAN GROUP PRACTICE. IT PROVIDES CARE FOR PATIENTS OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC. ("MEEI"), A RELATED ORGANIZATION. THE PRACTICE SPECIALIZES IN PROVIDING CARE FOR DISORDERS OF THE EYE, EAR, NOSE, THROAT, HEAD AND NECK. MEEA IS ALSO COMMITTED TO ITS TEACHING AND EDUCATION EFFORTS. FORM 990, PART III, LINE 4A Massachusetts Eye and Ear is a specialty hospital dedicated to excellence in the care of disorders that affect the eye, ear, nose, throat and adjacent regions of the head and neck. World-renowned for care, research and teaching in these areas of expertise, Mass. Eye and Ear physicians and scientists are driven by a mission to find cures for blindness and deafness. In the 2018-2019 "Best Hospitals Survey," U.S. News & World Report again ranked Mass. Eye and Ear a top hospital in the nation: #4 for eye care and #6 for ear, nose and throat care. The commitment to provide compassionate and accessible patient care continued with the expansion to twenty clinical care locations in Massachusetts and Rhode Island. In 2018 Mass. Eye and Ear became a proud member of the Partners HealthCare system. This integration has and will continue to allow for a more seamless sharing of some of the centralized services Partners extends to its entities, including PeopleSoft (enterprise resource planning) and Epic (unified patient care system). Clinical Highlights Department of Ophthalmology - Faculty Hires Paolo Bispo, PhD Yihe Chen, MD Deborah Jacobs, MD Lynette Johns, OD Patrick Lee, OD Courtney Ondeck, MD, MPhil Elizabeth Rossin, MD, PhD Bart Chwalisz, MD (part-time) David Sola-Del Valle, MD Allison Soneru, MD Aisha Traish, MD Tav van Zyl, MD Nazlee Zebardast, MD, MSc Department of Ophthalmology - Faculty Appointments Professor of Ophthalmology Eric Pierce, MD, PhD: William F. Chatlos Professor of Ophthalmology Associate Professor of Ophthalmology Dean Cestari, MD Jack Greiner, MS, OD, DO, PhD (Part-time) Tatjana Jakobs, MD George Papaliodis, MD Luk Vandenberghe, PhD Mary Aronow, MD Assistant Professor of Ophthalmology Petr Baranov, MD, PhD Jason Comander, MD, PhD Tobias Elze, PhD Kevin Houston, OD, MSc Charles Leahy, OD, MS (Part-time) John B. Miller, MD Ayellet Segr, MSc, PhD Brian Song, MD Yoshihiro Yonekawa, MD Instructor in Ophthalmology Paulo Bispo, PhD Yihe Chen, MD Department of Otolaryngology - Faculty Hires Full-time Medical Staff Dunia E. Abdul-Aziz, MD Craig A. Jones, MD Matthew R. Naunheim, MD Michael D. Otremba, MD Research Faculty Daniel L. Faden, MD Srinivas Vinod Saladi, PhD Community-based Medical Staff Pamela S. Jones, MD Vishnu Kannabiran, MD Geoffrey E. Leber, MD, FACS George A. Scangas, MD Department of Otolaryngology - Faculty Appointments Professor Mark A. Varvares, MD Associate Professor Stacey T. Gray, MD Kristina Simonyan, MD, PhD, Dr med Assistant Professor Alicia M. Quesnel, MD Anne E. Takesian, PhD Department of Otolaryngology - Other Promotions/New Leadership . Jean Bruch, DMD, MD, was named director of the Norman Knight Hyperbaric Medicine Center . Nate Jowett, MD, FRCSC, was named director of the Surgical Photonics and Engineering Laboratory . Faisal Karmali, PhD, and Richard F. Lewis, MD, were named co-directors of the Jenks Vestibular Physiology Laboratory . Konstantina M. Stankovic, MD, PhD, FACS, was promoted to director of the Division of Otology and Neurotology Department of Anesthesiology - Faculty Hires Melina Hutchison, CRNA Timothy Riley, CRNA Department of Anesthesiology - Faculty Promotions Alvaro Andres Macias, MD: Associate Clinical Director; Assistant Professor, Active Staff Mass Eye and Ear Iuliu Fat, MD: Associate Medical Director for Preoperative Evaluation and Testing; Associate Anesthesiologist, Active Staff, Mass Eye and Ear Gustavo Lozada, MD, MMED: Co-Director of Ambulatory Anesthesia Nancy Gessner, MD: Anesthesiologist, Active Staff, Mass Eye and Ear Maria Bortkiewicz, MD: Anesthesiologist, Active Staff, Mass Eye and Ear Susanna Panitsas, MD: Associate Anesthesiologist, Active Staff, Mass Eye and Ear Benjamin Mizell, MD: Associate Anesthesiologist, Active Staff, Mass Eye and Ear Kathrin Bourdeu, MD: Associate Anesthesiologist, Active Staff, Mass Eye and Ear Artem Grush, MD: Anesthesiologist, Active Staff, Mass Eye and Ear Nita Sahani, MBBS: Associate Anesthesiologist, Active Staff, Mass Eye and Ear Yana Levin, MD: Associate Anesthesiologist, Active Staff, Mass Eye and Ear Department of Radiology For FY18, the Department of Radiology had a total of 160 resident and fellow rotations joining Dr. Curtin and faculty for daily read out sessions and head and neck imaging training (44 from MGH, 49 from BWH, and 67 from BIDMC). FORM 990, PART III, LINE 4B: As a Harvard Medical School teaching hospital, Mass. Eye and Ear trains future medical leaders in the fields of ophthalmology and otolaryngology through residency programs, as well as clinical and research fellowships. Department of Otolaryngology 27 Residents 10 Clinical Fellows 81 Research Fellows 3 Research Residents Department of Ophthalmology 24 Residents 26 Clinical Fellows 108 Research Fellows 1 Optometric Resident In other ENT education news, we continue to enjoy our state-of-the-art Otolaryngology Surgical Training Laboratory and have held several major courses there this year. Our department organized its first "Women in Otolaryngology" symposium to discuss the opportunities and challenges of being a woman in a historically male-dominated field. Our panelists included Stacey T. Gray, MD, Margaret A. Kenna, MD, MPH, Konstantina M. Stankovic, MD, PhD, and Sylvette R. Wiener-Vacher, MD, PhD. We held our first annual Mastoid Bowl this summer. Hosted by Daniel J. Lee, MD, FACS, this competition evaluated otolaryngology residents as they performed mastoidectomies on cadavers in the Joseph B. Nadol, Jr., MD, Surgical Training Laboratory. The winner was Chief Resident Katie Phillips, MD. Our year-end graduation lectureship has been officially named the "Joseph B. Nadol, Jr. Lectureship." Dr. Nadol has contributed, and continues to contribute, to the stature and standing of this department in so many ways. Department of Ophthalmology The Mass. Eye and Ear Department of Ophthalmology established a Distinguished Scholar in Ophthalmology. Several Mass. Eye and Ear faculty presented named lectures at the 2018 American Academy of Ophthalmology (AAO) Annual Meeting in October. Joan W. Miller, MD presented the Schepens Award Lecture on AAO Retina Subspecialty Day. Her talk - Developing Therapies for AMD: The Art and Science of Problem-solving - revisited the pathway to successful treatment of age-related macular degeneration, and shared ideas on how to continue innovating in ophthalmology. Dr. Miller's lecture was covered by AAO's ONE Network and Ophthalmology Times, and shared on social media by Retina Today and Retinal Physician, among others. Joseph F. Rizzo III, MD presented the William F. Hoyt Lecture, "Unraveling the enigma of non-arteritic anterior ischemic optic neuropathy." His talk shed light on the most common causes of acute optic nerve injury in people age 50. James Chodosh, MD, MPH presented the Jones/Smolin Lecture, "The persistent enigma of adenovirus keratitis: viral pathogenesis in the cornea," which highlighted clinical signs that differentiate viral keratitis from other etiologies.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $8,191,455
Program Service Revenue $121,379,209
Investment Income $45,870
Other Revenue $0
TOTAL REVENUE $129,616,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,774,501
Fundraising Expenses $0
Program Expenses $114,151,383
Other Expenses $55,202,698
TOTAL EXPENSES $128,977,199

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
299
Volunteers
1

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
5
$4,005,268
Total Directors
8
$5,937,360
Key Employees
3
$843,401
Highest Compensated
5
reported
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
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
2018 $129,616,534 $128,977,199 $33,300,388 $639,335
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