MARY ANN MORSE HEALTHCARE CORP

EIN: 223064323 501(c)(3)

FRAMINGHAM, MA

Total Revenue
$29,400,557
Total Expenses
$30,102,274
Total Assets
$36,252,101
Net Assets
$16,996,387
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
LISA KUBIAK
Phone
5087886050
Tax Period
2023-01-01 to 2023-12-31

MARY ANN MORSE HEALTHCARE CORP, founded in 1990, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

MARY ANN MORSE HEALTHCARE CORP. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED IN 1990 TO PROVIDE HIGH QUALITY, AFFORDABLE SENIOR LIVING, HEALTHCARE, AND HOME CARE SERVICES TO SENIORS AND THEIR FAMILIES IN METRO WEST BOSTON.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $866,908
Program Service Revenue $28,131,827
Investment Income $402,664
Other Revenue $-842
TOTAL REVENUE $29,400,557

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,638,512
Fundraising Expenses $0
Program Expenses $26,630,401
Other Expenses $8,463,762
TOTAL EXPENSES $30,102,274

Year-over-Year Comparison

2023 2022 Change
Revenue $29,400,557 $26,782,643 +0.1%
Expenses $30,102,274 $26,367,166 +0.1%
Net Income $-701,717 $415,477 -2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
326
Volunteers
15

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
9
$756,265
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CALCIO BOARD CHAIR 2.00
Officer Director
$0 $0 $0
REBECCA HEFFERNAN BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
DAVID UPTON TREASURER 2.00
Officer Director
$0 $0 $0
ALLAN MCLEAN CLERK 2.00
Officer Director
$0 $0 $0
MICHAEL GOTTLIEB MD BOARD TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM GOODMAN MD BOARD TRUSTEE 2.00
Director
$0 $0 $0
BARBARA WALSH BOARD TRUSTEE 2.00
Director
$0 $0 $0
IKRAM FAROOQUI MD BOARD TRUSTEE 2.00
Director
$0 $0 $0
JOHN NAGELSCHMIDT BOARD TRUSTEE 2.00
Director
$0 $0 $0
MARK FEGLEY BOARD TRUSTEE 2.00
Director
$0 $0 $0
ELLEN LEITER BOARD TRUSTEE 2.00
Director
$0 $0 $0
LISA BABINEAU BOARD TRUSTEE 2.00
Director
$0 $0 $0
MARYBETH COTTER ESQ BOARD TRUSTEE (UNTIL 4/2023) 2.00
Director
$0 $0 $0
DONALD BLOCH ESQ BOARD TRUSTEE (UNTIL 4/2023) 2.00
Director
$0 $0 $0
DONNA NICKERSON BOARD TRUSTEE (UNTIL 6/2023) 2.00
Director
$0 $0 $0
LISA KUBIAK PRESIDENT/ CEO 40.00
Officer
$220,036 $13,298 $233,334
KATIE CELESTE EXECUTIVE DIRECTOR/MARY ANN MORSE 40.00
Officer
$135,492 $765 $136,257
KRISTEN KEANE EXECUTIVE DIRECTOR/HOMECARE 40.00
Officer
$128,772 $3,482 $132,254
BRIAN KELLY EXECUTIVE DIRECTOR/HERITAGE 40.00
Officer
$121,955 $10,728 $132,683
ROBERT MAGUIRE JR CONTROLLER 40.00
Officer
$120,299 $1,438 $121,737
ANNYWAY MERCIER L.P.N. 40.00
Highest
$147,080 $16,418 $163,498
MANOLITA RICHE R.N 40.00
Highest
$160,632 $0 $160,632
ADA ABOSI R.N 40.00
Highest
$116,490 $13,150 $129,640
MARC REVANCHE R.N 40.00
Highest
$126,149 $16,077 $142,226
ROBERTO BATISTA R.N 40.00
Highest
$133,574 $0 $133,574
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 No data No data No data No data
2023 $29,400,557 $30,102,274 $36,252,101 $-701,717
2022 $26,782,643 $26,367,166 $36,569,124 $415,477
2021 $22,418,913 $22,489,005 $38,027,212 $-70,092
2020 $22,197,819 $20,529,981 $36,855,161 $1,667,838
2019 $20,862,871 $20,819,459 $33,344,256 $43,412
2018 $19,856,002 $19,608,669 $32,944,356 $247,333
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MARY ANN MORSE HEALTHCARE CORP with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.