MASS HOSPITAL RESEARCH & EDUCATION… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

STEVEN M WALSH

Phone

7812626000

Tax Period

2023-10-01 to 2024-09-30

MASS HOSPITAL RESEARCH & EDUCATIONAL ASSOCIATION INC, founded in 1966, is a micro nonprofit in the Health Care sector that reported $39K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 100% operating margin.

Mission

TO ADVANCE THE HEALTH OF INDIVIDUALS AND COMMUNITIES BY SERVING AS THE LEADING VOICE FOR ALL MASSACHUSETTS HOSPITALS AND HEALTHCARE SYSTEMS AND TO HELP THEM PROVIDE HIGH QUALITY, COST-EFFECTIVE AND EQUITABLE PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $35 Revenue: $38,866

THE ASSOCIATION PROVIDES ASSISTANCE TO HEALTH CARE PROVIDERS AND THE HEALTH CARE COMMUNITY THROUGH RESEARCH IN THE DEVELOPMENT OF HEALTH CARE DELIVERY MODALITIES THAT PROVIDE HIGH QUALITY, COST...

THE ASSOCIATION PROVIDES ASSISTANCE TO HEALTH CARE PROVIDERS AND THE HEALTH CARE COMMUNITY THROUGH RESEARCH IN THE DEVELOPMENT OF HEALTH CARE DELIVERY MODALITIES THAT PROVIDE HIGH QUALITY, COST EFFECTIVE, AND EQUITABLE PATIENT CARE. THE PURPOSE OF MHREA IS TO PROMOTE THE HEALTH OF THE PEOPLE OF MASSACHUSETTS THROUGH THE DEVELOPMENT OF THE BEST POSSIBLE DELIVERY OF CARE, EXCLUSIVELY THROUGH RESEARCH AND EDUCATION IN HEALTH CARE ORGANIZATION AND DELIVERY, MANAGEMENT, AND MANAGEMENT OPERATIONS.

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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 $38,866

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35

Other Expenses $35

TOTAL EXPENSES $35

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,866	$35,854	+0.1%
Expenses	$35	$530	-0.9%
Net Income	$38,831	$35,324	+0.1%

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

Employees

N/A

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

$2,280,493

Total Directors

$1,159,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN M WALSH	PRESIDENT & CEO	1.00	Officer Director	$0	$161,132	$1,159,864
KEVIN B CHURCHWELL MD	PAST CHAIR MOST RECENTLY RETIRED	1.00	Officer Director	$0	$0	$0
CHRISTINE C SCHUSTER RNMBA	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN TABB MD	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL K LAUF MBA	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ANNE KLIBANSKI MD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL J DANDORPH MBA	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC WDICKSONMDMHCMFACEP	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA M PAGE PT MHPFACHE	CCC CHAIR	1.00	Director	$0	$0	$0
SPIROS HATIRAS FACHE	SCOPA CHAIR	1.00	Director	$0	$0	$0
NANCY W GADEN RNDNPNEA-BC	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH R BETANCOURT MDMPH	SCODHEI CHAIR	1.00	Director	$0	$0	$0
PETER J HEALY MHA	DIRECTOR	1.00	Director	$0	$0	$0
THEA L JAMES MD FACEP	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN B JACKSON MBA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS H LEE MD MSC	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
PRATT NORTON WILEY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH BITSOLI MBA CPA	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA CLOUGH MS RN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL P ROWAN MHSA	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
ASSAAD J SAYAH MD FACEP	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE B BREWER MPH	DIRECTOR	1.00	Director	$0	$0	$0
LYNNETTE M WATKINS MD MBA	DIRECTOR (THRU 07/31/2024)	1.00	Director	$0	$0	$0
DARLENE M RODOWICZMBAFHFMA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE H GLIMCHER MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SD HIGGINS MD MSHA	DIRECTOR (THRU 12/31/2023)	1.00	Director	$0	$0	$0
SAMUEL J SKURA MPH MBA	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN L SMITH MD MS	DIRECTOR (AS OF 03/21/2024)	1.00	Director	$0	$0	$0
ALASTAIR G BELL MD MBA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
DAVID O MCCREADY MBA MHA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
SUSAN MOFFATT-BRUCE MD PHD	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
ROZANNA PENNEY CRNA MBA	DIRECTOR (AS OF 01/25/2024)	1.00	Director	$0	$0	$0
VALERIE FLEISHMAN	EVP & CINO	1.00	Officer	$0	$50,046	$433,131
MICHAEL SROCZYNSKI	EVP, GOVT. ADVOCACY & GEN. COUNSEL	1.00	Officer	$0	$45,447	$424,132
JAMES VAHEY	CFO	1.00	Officer	$0	$35,201	$263,366

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	$38,866	$35	$579,678	$38,831
2023	$35,854	$530	$638,837	$35,324
2022	$1,074,010	$1,042,518	$654,945	$31,492
2021	$1,345,539	$1,325,571	$1,643,580	$19,968
2020	$1,294,367	$1,274,471	$2,917,988	$19,896
2019	$127,838	$98,569	$93,683	$29,269
2018	$130,698	$602,166	$98,244	$-471,468

MASS HOSPITAL RESEARCH & EDUCATIONAL ASSOCIATION INC