POINT32HEALTH FOUNDATION INC

🔒

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

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

NORA MORENO CARGIE

Phone

6179729400

Tax Period

2023-01-01 to 2023-12-31

POINT32HEALTH FOUNDATION INC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $20.2M in total revenue in fiscal year 2023. The organization ran a surplus of $8.8M, a strong 44% operating margin.

Mission

DETAIL REGARDING THE ORGANIZATION'S MISSION TO PROVIDE COMMUNITY BENEFITS ABOVE AND BEYOND ITS REGULAR LINES OF BUSINESS, TUFTS ASSOCIATED HEALTH MAINTENANCE ORGANIZATION, INC. ("TAHMO") ESTABLISHED THE POINT32HEALTH FOUNDATION, INC.(THE "FOUNDATION"), A 501(C)(3) CHARITABLE AND SUPPORTING ORGANIZATION OF TAHMO. THE FOUNDATION'S MISSION AND PURPOSE IS ALIGNED WITH THAT OF TAHMO'S PARENT, POINT32HEALTH, INC. ("P32H"): TO GUIDE AND EMPOWER HEALTHIER LIVES FOR EVERYONE - NO MATTER THEIR AGE, HEALTH, RACE, IDENTITY, OR INCOME. THE FOUNDATION ACHIEVES THIS MISSION PRIMARILY THROUGH COMMUNITY INVESTMENTS, COMMUNITY ENGAGEMENT AT KEY STAKEHOLDER "TABLESCONVENING ACTIVITIES FOCUSED ON HEALTHY LIVING WITH AN EMPHASIS ON OLDER PEOPLE, INCREASING ACCESS TO AFFORDABLE, NUTRIOUS FOOD, AND ADVANCING MENTAL HEALTH, PARTICULARLY IN UNDER-RESOURCED COMMUNITIES. THE FOUNDATION LEVERAGES P32H'S GREATEST ASSET-ITS PEOPLE-IN A DELIBERATE WAY ON BEHALF OF COMMUNITY. COMMUNITY INFORMS OUR WORK. THE FOUNDATION COLLABORATES WITH OLDER PEOPLE, COMMUNITY LEADERS, CIVIC ORGANIZATIONS, GOVERNMENT AGENCIES AND NONPROFITS TO SUPPORT COMMUNITY SOLUTIONS. THE FOUNDATION EMPHASIZES EQUITY, INCLUSION AND COLLABORATION ACROSS SECTORS. THE FOUNDATION IS AN ADVOCATE TO ADVANCE POLICIES AND BEST PRACTICES SHAPED BY THOSE MOST AFFECTED BY THE ISSUES; A CATALYST ACCELERATING CHANGES THAT IMPROVE ACCESS AND SERVICES; AND A CONVENER CREATING OPPORTUNITIES AND SPACE FOR ORGANIZATIONS/LEADERS TO WORK TOGETHER. WHEN CONTEMPLATING FUNDING IN COMMUNITIES, THE FOUNDATION CONSIDERS THE FACETS THAT CONTRIBUTE TO A THRIVING COMMUNITY INCLUDING, BUT NOT LIMITED TO, ACCESS TO AFFORDABLE, NUTRTIOUS FOOD, HOUSING, TRANSPORTATION, SOCIAL PARTICIPATION, OUTDOOR SPACES AND BUILDINGS, RESPECT AND SOCIAL INCLUSION, CIVIC PARTICIPATION AND EMPLOYMENT, COMMUNICATIONS, AND INFORMATION. THIS APPROACH RECOGNIZES THE WIDE RANGE OF RESOURCES THAT CAN BE LEVERAGED IN COMMUNITY TO ADDRESS FOOD INSECURITY, PROMOTE MENTAL HEALTH AND ADVANCE SOLUTIONS TO ISSUES FACING OLDER PEOPLE, AS INFORMED BY OLDER PEOPLE THEMSELVES. THE FOUNDATION RESPONDS FLEXIBLY TO COMMUNITY NEEDS AND PREFERENCES, AND FOLLOWS COMMUNITY'S LEAD. HEALTHY AGING EFFORTS RESPECT OLDER PEOPLE'S DECISIONS AND LIFESTYLE CHOICES, AND PROMOTE OLDER PEOPLE'S INCLUSION IN AND CONTRIBUTION TO ALL AREAS OF COMMUNITY LIFE. AS IT RELATES TO ACCESS TO AFFORDABLE, NUTRITIOUS FOOD, THE FOUNDATION CONSIDERS WHAT IT TAKES TO BUILD CAPACITY AND SYSTEMS TO ADDRESS THE UNIQUE NEEDS IN COMMUNITIES MOST DISCRIMINATED AGAINST AND HONORS COMMUNITY WORK ALREADY IN SERVICE TO COMMUNITY. THE FOUNDATION STRATEGICALLY ENCOURAGES MORE COLLABORATION FOR BROADER IMPACT AND SUPPORTS ORGANIZATIONS SHARING BEST PRACTICES THAT LEAD TO IMPROVED COMMUNITY OUTCOMES IN AGING, FOOD ACCESS AND MENTAL HEALTH. IN 2023, THE FOUNDATION MADE 159 GRANTS TOTALING MORE THAN $8.1 MILLION TO NONPROFIT ORGANIZATIONS WORKING IN THESE AREAS AND TO ADVANCE RACIAL AND SOCIAL JUSTICE, AND EQUITY. ----------

Program Service Accomplishments

Program 1

Expenses: $9,232,554 Revenue: $0

GENERAL OPERATING GRANTS: GENERAL OPERATING GRANTS INVEST IN NONPROFIT ORGANIZATIONS AND COMMUNITY-LED SOLUTIONS THAT ADDRESS INEQUITIES IN CONNECTICUT, MAINE, MASSACHUSETTS, NEW HAMPSHIRE AND RHODE...

Program 2

Expenses: $1,573,891 Revenue: $0

CORPORATE CITIZENSHIP (WORKPLACE GIVING/SPONSORSHIPS): IN 2023, THE POINT32HEALTH FAMILY OF COMPANIES PARTICIPATED IN CORPORATE CITIZENSHIP ACTIVITIES. THIS INCLUDED FOUNDATION INVESTMENTS IN...

CORPORATE CITIZENSHIP (WORKPLACE GIVING/SPONSORSHIPS): IN 2023, THE POINT32HEALTH FAMILY OF COMPANIES PARTICIPATED IN CORPORATE CITIZENSHIP ACTIVITIES. THIS INCLUDED FOUNDATION INVESTMENTS IN COMMUNITY THROUGH SPONSORSHIPS, A MATCH PROGRAM THAT SUPPORTS INDIVIDUAL VOLUNTEERING AND/OR FINANCIAL CONTRIBUTIONS TO QUALIFIED NON-PROFIT ORGANIZATIONS UP TO $500 ANNUALLY FOR EACH EMPLOYEE AND UP TO $5,000 ANNUALLY FOR MEMBERS OF POINT32HEALTH AND FOUNDATION BOARDS OF DIRECTORS. DONATIONS MADE ON #GIVINGTUESDAY ARE MATCHED TWO-FOR-ONE. ADDITIONALLY, THE FOUNDATION MATCHES UP TO $5,000 ANNUALLY FOR EMPLOYEES AT THE DIRECTOR-LEVEL AND ABOVE WHO SERVE ON BOARDS AND OFFERS EMPLOYEES UP TO THE MANAGER LEVEL AN OPPORTUNITY TO DIRECT A MINI GRANT UP TO $300. ALL EMPLOYEES AND BOARD MEMBERS ARE ALSO ELIGIBLE FOR AN ANNUAL DOUBLE MATCH -- UP TO $1,000 - FOR DONATIONS MADE TO ORGANIZATIONS ADVANCING RACIAL AND SOCIAL JUSTICE. A MATCH INCENTIVE FOR TEAM-BASED VOLUNTEERING ENCOURAGES SERVICE TO COMMUNITY. ADDITIONALLY, THE FOUNDATION OFFERS SPECIAL MATCH PROGRAMS TO SUPPORT DISASTER RESPONSE AND RELIEF EFFORTS, AND FUNDRAISING PROGRAMS SUCH AS THE WALK TO END ALZHEIMER'S AND NAMI WALKS (TO SUPPORT THE NATIONAL ALLIANCE ON MENTAL ILLNESS). THE CORPORATE CITIZENSHIP PROGRAM SUPPORTS A COMPANY-WIDE VOLUNTEER WEEK, VOLUNTEER SERVICE OPPORTUNITIES THROUGHOUT THE YEAR, AND DRIVES ADDRESSING KEY SOCIAL AND ECONOMIC FACTORS AFFECTING HEALTH (THE SOCIAL DETERMINANTS OF HEALTH): FOOD, HOUSING AND ECONOMIC SECURITY, AND EDUCATION.

Program 3

Expenses: $222,628 Revenue: $0

POLICY & ADVOCACY GRANTS: THE FOUNDATION SUPPORTS POLICY AND/OR SYSTEMS-LEVEL CHANGE TO IMPROVE ACCESS TO AFFORDABLE, NUTRITIOUS FOOD AND MENTAL HEALTH SERVICES AND TO ADVANCE AGE-FRIENDLY SOLUTIONS IN COMMUNITIES. THESE ACTIVITIES ARE PURPOSEFUL AND INTENTIONAL IN ELEVATING THE VOICE OF COMMUNITY, EDUCATING AND INFORMING DECISION-MAKERS; AND INCLUDE KEY STAKEHOLDERS AND OLDER PEOPLE IN POLICY AND SYSTEMS CHANGE.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,000,000

Program Service Revenue $0

Investment Income $14,243,666

Other Revenue $0

TOTAL REVENUE $20,243,666

Expense Breakdown

Grants Paid $9,358,037

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,031,772

Other Expenses $2,053,529

TOTAL EXPENSES $11,411,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,243,666	$-10,023,856	-3.0%
Expenses	$11,411,566	$11,303,663	+0.0%
Net Income	$8,832,100	$-21,327,519	-1.4%

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

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

$3,320,788

Total Directors

$6,167,522

Key Employees

$845,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAIN HAYES	PRESIDENT & CEO	5.0	Director	$0	$387,442	$4,246,459
UMESH KURPAD	FORMER OFFICER	0.0		$0	$166,409	$1,621,244
TISA HUGHES	FORMER CLERK/SECRETARY	0.0		$0	$135,726	$1,466,203
MARK PORTER	TREASURER (START 10/12)	5.0	Officer	$0	$166,825	$1,222,453
KRISTIN LEWIS	DIRECTOR (1/1-6/7;10/12-12/31)	5.0	Director	$0	$152,533	$1,187,178
R SCOTT WALKER	P32H CFO (START 7/5)	2.5	Key Emp	$0	$117,945	$845,896
SUSAN KEE	CLERK/SECRETARY	5.0	Officer	$0	$72,203	$717,571
NORA MORENO CARGIE	DIR; PRES FND & VP CORP CSHIP	50.0	Officer Director	$0	$84,611	$692,385
ROLAND PRICE	TREASURER (END 10/11)	5.0	Officer	$0	$79,256	$675,379
PHILLIP GONZALEZ	DIRECTOR, COMM. INVESTMENTS	50.0	Highest	$0	$37,634	$261,750
ALRIE DANIELCZYK	DIR, COMM. & STKHOLDER ENGAGE.	50.0	Highest	$0	$43,995	$257,235
CAITLIN SULLIVAN	PROGRAM OFFICER	50.0	Highest	$0	$31,993	$147,893
GREG SHELL	DIRECTOR & CHAIR	2.0	Officer Director	$0	$0	$13,000
JO ANN SIMONS	DIRECTOR	1.0	Director	$5,000	$0	$5,000
HEIDI BROOKS	DIRECTOR	1.0	Director	$4,000	$0	$4,000
CHARLOTTE GOLAR RICHIE	DIRECTOR	1.0	Director	$4,000	$0	$4,000
BENJAMIN PERKINS	DIRECTOR	1.0	Director	$4,000	$0	$4,000
MARY SKELTON ROBERTS	DIRECTOR	1.0	Director	$4,000	$0	$4,000
MARYLOU SUDDERS	DIRECTOR (START 3/9)	1.0	Director	$4,000	$0	$4,000
LEN FISHMAN	DIRECTOR	1.0	Director	$3,500	$0	$3,500
MARTY COHEN	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT LEWIS JR	DIRECTOR (END 2/15)	1.0	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
2024	No data	No data	No data	No data
2023	$20,243,666	$11,411,566	$117,686,597	$8,832,100
2022	$-10,023,856	$11,303,663	$108,794,480	$-21,327,519
2021	$19,685,263	$7,793,433	$128,427,090	$11,891,830
2020	$3,508,383	$7,961,051	$111,689,754	$-4,452,668
2019	$7,885,480	$6,657,554	$107,159,016	$1,227,926
2018	$7,598,660	$5,507,203	$72,878,442	$2,091,457