Community Medical Associates Inc

EIN: 272142635 501(c)(3) Health Care

Lawrence, MA

Total Revenue
$5,304,737
Total Expenses
$10,307,056
Total Assets
$2,892,000
Net Assets
$367,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
DIANA L RICHARDSON
Phone
9786834000
Tax Period
2023-10-01 to 2024-09-30

Community Medical Associates Inc, founded in 2010, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2023. Expenses of $10.3M exceeded revenue, resulting in a 94% operating deficit.

Mission

COMMUNITY MEDICAL ASSOCIATES, INC. IS A MULTI-PRACTICE SPECIALTY HEALTHCARE GROUP SERVING THE MERRIMACK VALLEY AND SOUTHERN NEW HAMPSHIRE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,118,378
Investment Income $0
Other Revenue $186,359
TOTAL REVENUE $5,304,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,780,960
Fundraising Expenses $0
Program Expenses $9,060,418
Other Expenses $2,526,096
TOTAL EXPENSES $10,307,056

Year-over-Year Comparison

2023 2022 Change
Revenue $5,304,737 $5,064,591 +0.0%
Expenses $10,307,056 $11,548,356 -0.1%
Net Income $-5,002,319 $-6,483,765 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
103
Volunteers
8

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
12
$1,399,795
Total Directors
11
$875,845
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN HYNDS INTERIM PRES & CEO(UNTIL 1/24) 1.0
Officer Director
$0 $31,338 $563,845
EARL GONZALEZ MD PHYSICIAN 40.0
Highest
$528,481 $31,953 $560,434
DEBORAH J WILSON FORMER PRESIDENT & CEO 0.0
$0 $35,320 $546,001
WILLIAM SULLIVAN CFO/CORP ASS TREAS(UNTIL 6/24) 1.0
Officer
$0 $50,833 $475,066
ISABEL BERNAL PHYSICIAN 40.0
Highest
$437,422 $12,558 $449,980
LISA CRUTCHFIELD CORP ASST SEC/CHRO HR 1.0
Officer
$0 $29,115 $360,884
SAHAR CHITGAR MD PHYSICIAN 40.0
Highest
$348,797 $5,976 $354,773
TORKOM A GARABEDIAN MD PHYSICIAN 40.0
Highest
$312,415 $27,922 $340,337
GARO A GARABEDIAN MD PHYSICIAN 40.0
Highest
$313,052 $27,075 $340,127
EDUARDO HADDAD MD TRUSTEE 1.0
Director
$0 $0 $312,000
ROSEMARIE DAY CHAIRMAN (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
MICHAEL MANCUSO CHAIRMAN (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
DAN RIVERA VICE CHAIRMAN (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
ABHA AGRAWAL PRES. & CEO (AS OF 01/2024) 1.0
Officer Director
$0 $0 $0
MARK JOHNSON SEC./CLERK (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
LANE GLENN TRUSTEE (AS OF 12/2023) 1.0
Director
$0 $0 $0
WILLIAM WALL TRUSTEE (UNTIL 12/2023) 1.0
Director
$0 $0 $0
LAUREL SWEENEY TREASURER 1.0
Officer Director
$0 $0 $0
CAROL POWERS SEC./CLERK (AS OF 12/2023) 1.0
Officer Director
$0 $0 $0
CYNTHIA FITZGERALD INTERIM CFO (AS OF 08/24) 1.0
Officer
$0 $0 $0
ERNEST FUSARO INTERIM CFO (06/24-08/24) 1.0
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
2024 $5,304,737 $10,307,056 $2,892,000 $-5,002,319
2023 $5,064,591 $11,548,356 $3,314,000 $-6,483,765
2022 $7,174,716 $13,924,089 $4,451,000 $-6,749,373
2021 $6,651,945 $13,266,039 $4,531,000 $-6,614,094
2020 $5,868,897 $11,197,432 $2,748,000 $-5,328,535
2019 $4,320,592 $7,438,395 $769,000 $-3,117,803
2018 $3,932,392 $6,755,026 $728,408 $-2,822,634
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