MASSACHUSETTS HEALTH INFORMATION M… - 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

1980

Legal Domicile

Principal Officer

LINDA HYDE

Phone

9786497517

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS HEALTH INFORMATION MANAGEMENT ASSOCIATION, founded in 1980, is a small nonprofit in the Diseases & Disorders sector that reported $105K in total revenue in fiscal year 2023.

Mission

MEDICAL RECORDS MAINTENANCE EDUCATION

Program Service Accomplishments

Program 1

Expenses: $111,729 Revenue: $76,186

EDUCATION AND DISSEMINATION OF MATERIALS RELATING TO PROPER MAINTENANCE OF MEDICAL RECORDS THROUGH BOOKLETS, PAMPHLETS, CONFERENCES, SEMINARS AND WORKSHOPS

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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 $103,242

Investment Income $1,764

Other Revenue $0

TOTAL REVENUE $105,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,729

Other Expenses $111,729

TOTAL EXPENSES $111,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,006	$98,045	+0.1%
Expenses	$111,729	$134,702	-0.2%
Net Income	$-6,723	$-36,657	-0.8%

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

$66,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT EISCHEN	DIRECTOR	1.00	Director	$0	$0	$0
AMY BITTLE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA YOUNG	PRESIDENT-ELECT	1.00	Director	$0	$0	$0
LOVE OTUECHERE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN BOGARD	DIRECTOR	1.00	Director	$0	$0	$0
MARYELLEN OSBORNE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELISA PELCHAT	ADMINISTRATIVE DIRECTOR/CL	40.00	Officer	$66,928	$0	$66,928
LINDA HYDE	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2024	$105,006	$111,729	$65,548	$-6,723
2023	$98,045	$134,702	$70,882	$-36,657
2022	$111,719	$109,140	$107,538	$2,579
2021	$103,068	$93,722	$104,959	$9,346
2020	$94,096	$119,116	$96,391	$-25,020
2019	$159,572	$163,581	$120,631	$-4,009

MASSACHUSETTS HEALTH INFORMATION MANAGEMENT ASSOCIATION