MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION

EIN: 223199624 501(c)(3)

WALTHAM, MA

Total Revenue
$1,617,895
Total Expenses
$399,466
Total Assets
$4,452,653
Net Assets
$4,299,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
THEODORE A CALIANOS II
Phone
7814347044
Tax Period
2024-06-01 to 2025-05-31

MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION, founded in 1992, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 466% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 75% operating margin.

Mission

TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MMS AND THE MMS ALLIANCE, INCLUDING, BUT NOT LIMITED TO, DEVELOPING AND NURTURING COOPERATION BETWEEN INDIVIDUALS, PROFESSIONS, INSTITUTIONS, AND THE COMMUNITY. (CONT'D ON SCHED O) (CONT'D) TO CREATIVELY ADDRESS ISSUES THAT AFFECT THE HEALTH, BENEFIT, AND WELFARE OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $257,408 Revenue: $1,365,650

FISCAL SPONSORSHIPSTHE FOUNDATION ACTS AS FISCAL SPONSOR FOR THE MASSACHUSETTS MEDICAL SOCIETY (MMS) UNDER PRE-APPROVED GRANT RELATIONSHIPS. MMS IS THE FOUNDATION'S 501(C)(6) SUPPORTED ORGANIZATION...

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FISCAL SPONSORSHIPSTHE FOUNDATION ACTS AS FISCAL SPONSOR FOR THE MASSACHUSETTS MEDICAL SOCIETY (MMS) UNDER PRE-APPROVED GRANT RELATIONSHIPS. MMS IS THE FOUNDATION'S 501(C)(6) SUPPORTED ORGANIZATION (SEE SCHEDULE A). UNDER THESE AGREEMENTS, THE FOUNDATION RECEIVES AND ADMINISTERS RESTRICTED GRANT FUNDS FROM GRANTORS FOR CHARITABLE AND EDUCATIONAL PROJECTS. THE ORGANIZATION MONITORS PROJECT BUDGETS, ENSURES GRANT COMPLIANCE, AND DISBURSES FUNDS TO THE SUPPORTED ORGANIZATION FOR ELIGIBLE EXPENSES.IN FY25, 2 FISCAL SPONSORSHIP GRANTS WERE RECEIVED. THE GRANTS ARE INTENDED TO CREATE, CURATE, AND/OR ENHANCE NEJM ONLINE FOR THE PURPOSE OF PREVENTING DISEASE AND IMPROVING PUBLIC HEALTH. FISCAL SPONSORSHIP REVENUES IN THE CURRENT YEAR REFLECT GRANT FUNDS RECEIVED FOR MULTI-YEAR PROJECTS. BECAUSE MANY OF THE RELATED SPONSORED ACTIVITIES AND REIMBURSEMENTS WILL OCCUR IN SUBSEQUENT YEARS, CURRENT-YEAR EXPENSES ARE LOWER THAN REVENUES.

Program 2
Expenses: $96,420

GRANTS TO ORGANIZATIONSEIGHT NONPROFITS WERE AWARDED $96,420 TO IMPROVE ACCESS TO HEALTHCARE; TO ADDRESS SOCIAL DETERMINANTS OF HEALTH; TO PROVIDE QUALITY HEALTH CARE SERVICES FOR THE UNINSURED AND...

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GRANTS TO ORGANIZATIONSEIGHT NONPROFITS WERE AWARDED $96,420 TO IMPROVE ACCESS TO HEALTHCARE; TO ADDRESS SOCIAL DETERMINANTS OF HEALTH; TO PROVIDE QUALITY HEALTH CARE SERVICES FOR THE UNINSURED AND UNDERINSURED; AND TO SUPPORT BEHAVIORAL HEALTH PROGRAMS.

Program 3
Expenses: $14,500

GRANTS TO MEDICAL STUDENTS AND RESIDENT PHYSICIANSELEVEN MEDICAL STUDENTS FROM MASSACHUSETTS MEDICAL SCHOOLS, AND SIX RESIDENT PHYSICIANS FROM MASSACHUSETTS FACILITIES, RECEIVED GRANTS TO HELP OFFSET...

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GRANTS TO MEDICAL STUDENTS AND RESIDENT PHYSICIANSELEVEN MEDICAL STUDENTS FROM MASSACHUSETTS MEDICAL SCHOOLS, AND SIX RESIDENT PHYSICIANS FROM MASSACHUSETTS FACILITIES, RECEIVED GRANTS TO HELP OFFSET TRAVEL AND LODGING EXPENSES FOR STUDY IN ANOTHER COUNTRY AS THEY TRAIN TO BECOME CULTURALLY COMPENTENT PHYSICIANS WHO ARE PREPARED TO SERVE BOTH LOCAL AND INTERNATIONAL COMMUNITIES WITH HUMILITY AND RESPECT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,401,076
Program Service Revenue $0
Investment Income $216,819
Other Revenue $0
TOTAL REVENUE $1,617,895

Expense Breakdown

Grants Paid $368,328
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $368,328
Other Expenses $31,138
TOTAL EXPENSES $399,466

Year-over-Year Comparison

2024 2023 Change
Revenue $1,617,895 $285,792 +4.7%
Expenses $399,466 $202,699 +1.0%
Net Income $1,218,429 $83,093 +13.7%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
9

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
1
$0
Total Directors
11
$768,555
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE PERRIN MD DIRECTOR 1.50
Director
$0 $12,500 $14,583
BERI O SONGNA MD DIRECTOR 1.50
Director
$0 $0 $0
LOIS DEHLS CORNELL MMS EXECUTIVE VICE PRESIDENT 1.50
Director
$0 $67,204 $753,972
LOUIS E FAZEN III MD MPH DIRECTOR 1.50
Director
$0 $0 $0
CAITLIN FARRELL DO DIRECTOR 1.50
Director
$0 $0 $0
SHAAN GANDHI MD MBA DIRECTOR 1.50
Director
$0 $0 $0
LYNDA KABBASH MD DIRECTOR 1.50
Director
$0 $0 $0
CATHERINE LEW DIRECTOR 1.50
Director
$0 $0 $0
SAHDEV R PASSEY MD DIRECTOR 1.50
Director
$0 $0 $0
GAIL GORDON SANCHEZ DIRECTOR 1.50
Director
$0 $0 $0
THEODORE CALIANOS II MD CHAIR 2.00
Officer Director
$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
2025 $1,617,895 $399,466 $4,452,653 $1,218,429
2024 $285,792 $202,699 $3,073,730 $83,093
2023 $339,136 $266,297 $2,837,978 $72,839
2022 $516,898 $191,718 $2,775,700 $325,180
2021 $476,121 $296,605 $2,999,720 $179,516
2020 $409,051 $209,560 $2,381,309 $199,491
2019 $401,359 $313,464 $2,140,288 $87,895
2018 $436,278 $331,111 $2,095,260 $105,167
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