TUFTS SHARED SERVICES INC (EIN 237000827) - 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

1968

Legal Domicile

Principal Officer

JAMES FOLEY

Phone

6176365402

Tax Period

2023-10-01 to 2024-09-30

TUFTS SHARED SERVICES INC, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $34.2M in total revenue in fiscal year 2023. Expenses of $31.6M left a modest 7% surplus.

Mission

THE ORGANIZATION WAS ORGANIZED IN 1968 TO COORDINATE AND SUPPLEMENT THE HEALTH AND EDUCATIONAL SERVICES PROVIDED TO TUFTS MEDICAL CENTER, A HOSPITAL, AND TUFTS UNIVERSITY, A UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,704,186

Investment Income $290,079

Other Revenue $167,010

TOTAL REVENUE $34,161,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,309,524

Fundraising Expenses $0

Program Expenses $29,935,710

Other Expenses $24,334,070

TOTAL EXPENSES $31,643,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,161,275	$35,821,546	0.0%
Expenses	$31,643,594	$34,566,709	-0.1%
Net Income	$2,517,681	$1,254,837	+1.0%

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

N/A

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

$488,107

Total Directors

$4,623,392

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA RICHARDSON	BOARD MEMBER (UNTIL 3/2024)	1.00	Director	$0	$118,026	$1,006,062
ZACHARY REDMOND	SECRETARY	1.00	Director	$0	$70,149	$669,412
ASSAD SIDDIQI	BOARD MEMBER (UNTIL 7/2024)	1.00	Director	$0	$59,289	$499,101
BARBARA STEIN	BOARD MEMBER	1.00	Director	$0	$71,467	$438,443
PHIL OKALA	BOARD MEMBER	1.00	Director	$0	$16,258	$1,137,502
JAMES HURLEY	BOARD MEMBER	1.00	Director	$0	$52,922	$549,949
KEVIN BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
AKIYO FUJI	BOARD MEMBER	1.00	Director	$0	$35,297	$322,923
JAMES FOLEY	EXECUTIVE DIRECTOR	40.00	Officer	$259,695	$27,185	$286,880
MARIA PISA	CONTROLLER	40.00	Officer	$201,227	$0	$201,227
EDWARD DULLEA	USC LEAD MECHANIC	40.00	Highest	$134,011	$36,875	$170,886
WILLIAM HUNT	USC CHIEF ENGINEER	40.00	Highest	$178,569	$14,349	$192,918
STEVEN SANKUS	USC LEAD MECHANIC	40.00	Highest	$127,530	$13,514	$141,044
MAHENDRA JAGLALL	USC MECHANIC I	40.00	Highest	$128,270	$3,803	$132,073
ENZO TAMBURELLO	LEAD PLUMBER	40.00	Highest	$152,244	$37,464	$189,708
JEFFREY A WEINSTEIN	FORMER BOARD MEMBER/CHAIR	1.00		$0	$0	$601,188
MARK GONTHIER	FORMER BOARD MEMBER	0.00		$0	$37,117	$291,430

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	$34,161,275	$31,643,594	$36,878,980	$2,517,681
2023	$35,821,546	$34,566,709	$33,997,822	$1,254,837
2022	$36,251,859	$32,360,205	$29,593,995	$3,891,654
2021	$30,988,115	$29,042,696	$24,356,223	$1,945,419
2020	$29,549,509	$30,636,986	$23,127,749	$-1,087,477
2019	$30,173,883	$29,596,267	$24,543,572	$577,616
2018	$29,106,882	$28,217,221	$23,883,762	$889,661

TUFTS SHARED SERVICES INC