TUFTS MEDICAL CENTER RETIREMENT ME… - 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

2008

Legal Domicile

Principal Officer

KATHLEEN DAVIS

Phone

6176361495

Tax Period

2023-01-01 to 2023-12-31

TUFTS MEDICAL CENTER RETIREMENT MEDICAL SAVINGS ACCOUNT PLAN EMPLOYEE AFTER-TAX, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $971K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $552K, a strong 57% operating margin.

Mission

THE TUFTS MEDICAL CENTER RETIREMENT MEDICAL SAVINGS ACCOUNT PLAN PROVIDES RETIREE HEALTH BENEFITS TO TUFTS MEDICAL CENTER'S EMPLOYEES AND THEIR SPOUSES AND DEPENDENTS.

Program Service Accomplishments

Program 1

Expenses: $419,053 Revenue: $660,501

THE TUFTS MEDICAL CENTER RETIREMENT MEDICAL SAVINGS ACCOUNT PLAN PROVIDED 119 RETIREES AND THEIR SPOUSES AND DEPENDENTS WITH HEALTH BENEFITS.

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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 $660,501

Investment Income $310,899

Other Revenue $0

TOTAL REVENUE $971,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,053

Other Expenses $11,941

TOTAL EXPENSES $419,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$971,400	$821,577	+0.2%
Expenses	$419,053	$378,000	+0.1%
Net Income	$552,347	$443,577	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	0.00		$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	$971,400	$419,053	$6,338,218	$552,347
2022	$821,577	$378,000	$5,785,872	$443,577
2021	$543,398	$275,279	$5,342,392	$268,119
2020	$553,167	$284,533	$5,074,274	$268,634
2019	$554,981	$279,916	$4,805,640	$275,065
2018	$573,355	$257,514	$4,530,575	$315,841

TUFTS MEDICAL CENTER RETIREMENT MEDICAL SAVINGS ACCOUNT PLAN EMPLOYEE AFTER-TAX