MASSACHUSETTS COALITION FOR THE PR… - 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

2002

Legal Domicile

Principal Officer

PAULA GRISWOLD

Phone

7812626080

Tax Period

2023-10-01 to 2024-09-30

MASSACHUSETTS COALITION FOR THE PREVENTION OF MEDICAL ERRORS, founded in 2002, is a small nonprofit in the Medical Research sector that reported $223K in total revenue in fiscal year 2023. Expenses of $306K exceeded revenue, resulting in a 37% operating deficit.

Mission

CHARITABLE - FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE IN THE PUBLIC INTEREST BY THE PROMOTION OF PATIENT SAFETY AND REDUCTION OF MEDICAL AND OTHER ERRORS IN HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $221,713 Revenue: $200,912

PROVIDING EDUCATION AND SUPPORT TO IMPLEMENT STRATEGIES TO IMPROVE PATIENT SAFETY, WITH A FOCUS ON ORGANIZATIONAL STRATEGIES TO ACCELERATE PERFORMANCE IMPROVEMENT AS PART OF DAILY OPERATIONS.

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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 $100

Program Service Revenue $200,812

Investment Income $21,880

Other Revenue $0

TOTAL REVENUE $222,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,554

Fundraising Expenses $0

Program Expenses $221,713

Other Expenses $95,211

TOTAL EXPENSES $305,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,792	$210,096	+0.1%
Expenses	$305,765	$310,667	0.0%
Net Income	$-82,973	$-100,571	-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

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

$181,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN FELKEL-BRENNAN	PRESIDENT	1.00	Director	$0	$0	$0
MARK REYNOLDS	CLERK	1.00	Director	$0	$0	$0
MARYANNE BOMBAUGH	TREASURER	1.00	Director	$0	$0	$0
PATRICIA NOGA	DIRECTOR	1.00	Director	$0	$0	$0
THERESE HUDSON-JINKS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO SOUSA	EX-OFFICIO	1.00	Director	$0	$0	$0
DANA SIEGAL	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MCGAFFIGAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA STEFANCYK OBERLIES	DIRECTOR	1.00	Director	$0	$0	$0
CAROL JONES	DIRECTOR	1.00	Director	$0	$0	$0
BERT THURLO-WALSH	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SISODIA	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN SNYDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA GRISWOLD	EXECUTIVE DIRECTOR	40.00	Officer	$174,241	$7,624	$181,865

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	$222,792	$305,765	$962,559	$-82,973
2023	$210,096	$310,667	$1,038,316	$-100,571
2022	$244,602	$283,733	$1,156,284	$-39,131
2021	$244,542	$268,273	$1,199,151	$-23,731
2020	$278,256	$338,166	$1,246,235	$-59,910
2019	$379,403	$370,745	$1,267,599	$8,658
2018	$495,938	$456,639	$1,303,524	$39,299

MASSACHUSETTS COALITION FOR THE PREVENTION OF MEDICAL ERRORS