ALLIANCE HEALTH OF MASSACHUSETTS I… - 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

1999

Legal Domicile

Principal Officer

FRANCIS J GRADY

Phone

6173323366

Tax Period

2023-01-01 to 2023-12-31

ALLIANCE HEALTH OF MASSACHUSETTS INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $15.4M left a modest 9% surplus.

Mission

THE COMPANY SHALL PROMOTE AND PROVIDE SAFE, HEALTHY, QUALITY SERVICES AND LIVING ENVIRONMENTS FOR ELDERS WHO CANNOT CARE FOR THEMSELVES.

Program Service Accomplishments

Program 1

Expenses: $11,262,425 Revenue: $13,681,792

OUR SKILLED NURSING AND REHABILITATION FACILITIES PROVIDE A WIDE RANGE OF MEDICAL AND REHABILITATIVE SERVICES, INCLUDING POST ACUTE CARE, SHORT-TERM REHABILITATION, RESPITE CARE, HOSPICE CARE, AND...

OUR SKILLED NURSING AND REHABILITATION FACILITIES PROVIDE A WIDE RANGE OF MEDICAL AND REHABILITATIVE SERVICES, INCLUDING POST ACUTE CARE, SHORT-TERM REHABILITATION, RESPITE CARE, HOSPICE CARE, AND LONG-TERM CARE. WORKING DIRECTLY WITH EACH RESIDENT AND THEIR FAMILY MEMBERS, OUR STAFF WILL CUSTOMIZE A COMPREHENSIVE PLAN OF CARE DESIGNED TO TREAT MEDICAL COMPLICATIONS AND ACHIEVE FUNCTIONAL INDEPENDENCE. OUR FACILITIES PROVIDE THE HIGHEST STANDARDS OF CARE AND RESIDENTS ENJOY AN ACTIVE AND FULFILLING LIFESTYLE IN AN ATMOSPHERE OF WARMTH, RESPECT AND UNDERSTANDING.

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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 $3,165,937

Program Service Revenue $13,676,263

Investment Income $15,941

Other Revenue $5,529

TOTAL REVENUE $16,863,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,113,429

Fundraising Expenses $0

Program Expenses $11,262,425

Other Expenses $8,269,221

TOTAL EXPENSES $15,382,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,863,670	$13,928,904	+0.2%
Expenses	$15,382,650	$14,975,207	+0.0%
Net Income	$1,481,020	$-1,046,303	-2.4%

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

181

Volunteers

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

$1,563,050

Total Directors

$599,182

Key Employees

$1,842,329

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J GRADY	PRESIDENT & DIRECTOR & CEO	1.00	Officer Director	$0	$49,136	$599,182
PAUL KEMP	TREASURER & CFO	1.00	Officer	$0	$49,251	$481,934
THOMAS LAVALLEE	SECRETARY & COO	1.00	Officer	$0	$49,251	$481,934
MICHAEL DODOS	CONTROLLER	1.00	Key Emp	$0	$0	$306,312
DANIEL MITCHELL	DIRECTOR OF OPERATIONS	1.00	Key Emp	$0	$26,751	$269,409
MARY KILCOMMONS	DIRECTOR OF OPERATIONS	1.00	Key Emp	$0	$10,154	$237,865
ELAINE HANSEN	DIRECTOR OF CLINICAL SERVICES	1.00	Key Emp	$0	$15,653	$235,762
DORIS DAVILA	VICE PRESIDENT OF OPERATIONS	1.00	Key Emp	$0	$2,873	$213,624
WILLIAM FARINA	DIRECTOR OF REHAB	1.00	Key Emp	$0	$16,724	$207,857
RICHARD CANTY	VICE PRESIDENT	1.00	Key Emp	$0	$184	$184,601
SEAN DOYLE	DIRECTOR OF HR	1.00	Key Emp	$0	$9,479	$186,899
REGINA MALIMA	LPN	60.00	Highest	$186,176	$37,235	$223,411
STEPHANIE BRUNO	ADMINISTRATOR	40.00	Highest	$154,218	$23,133	$177,351
JILL CUSHNIE	CNA	60.00	Highest	$123,375	$18,506	$141,881
SHEILAH DOOLAN	REHAB DIRECTOR	40.00	Highest	$113,808	$22,762	$136,570
STEPHANIE MORROW	SLP	40.00	Highest	$112,556	$22,511	$135,067
LINDA CORRIDAN RN	CHAIRMAN	1.00	Director	$0	$0	$0
TAMMY BRUNETTI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CALKINS	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED GRAY	DIRECTOR	1.00	Director	$0	$0	$0
JANICE HOCKENSMITH	DIRECTOR (UNTIL 10/23)	1.00	Director	$0	$0	$0
REV JEROME J JANISKO	DIRECTOR	1.00	Director	$0	$0	$0
ERIK M JONES	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR MOURTZINOS MD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BRUCE RILEY CPA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
PETE ZAMPINE	DIRECTOR	1.00	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	$16,863,670	$15,382,650	$11,056,525	$1,481,020
2022	$13,928,904	$14,975,207	$11,671,615	$-1,046,303
2021	$13,916,904	$13,954,363	$12,196,543	$-37,459
2020	$13,418,542	$14,229,851	$13,200,840	$-811,309
2019	$13,935,864	$14,313,478	$12,821,100	$-377,614
2018	$15,674,824	$16,181,005	$13,258,663	$-506,181

ALLIANCE HEALTH OF MASSACHUSETTS INC