NORTHEAST HOSPITAL MEDICAL STAFF INC

EIN: 460643398 Community Improvement

BEVERLY, MA

Total Revenue
$371,845
Total Expenses
$332,357
Total Assets
$279,379
Net Assets
$279,379
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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
2012
Legal Domicile
MA
Principal Officer
JEFFREY HEIT MD
Phone
9789223000
Tax Period
2024-01-01 to 2024-12-31

NORTHEAST HOSPITAL MEDICAL STAFF INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $372K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $332K left a modest 11% surplus.

Mission

TO ENGAGE IN THE BUSINESS OF PROVIDING EDUCATIONAL OPPORTUNITIES AND OTHER BENEFITS TO THE MEDICAL STAFF OF NORTHEAST HOSPITAL.

Program Service Accomplishments

Program 1
Expenses: $329,712 Revenue: $371,100

THE ORGANIZATION PROVIDES EDUCATION OPPORTUNITIES TO STAFF, ALL EXPENSES RELATED TO THE QUARTERLY MEDICAL STAFF MEETINGS FOR THE HOSPITAL'S MEDICAL STAFF, AND REPRESENTS THE MEDICAL STAFF ON VARIOUS...

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THE ORGANIZATION PROVIDES EDUCATION OPPORTUNITIES TO STAFF, ALL EXPENSES RELATED TO THE QUARTERLY MEDICAL STAFF MEETINGS FOR THE HOSPITAL'S MEDICAL STAFF, AND REPRESENTS THE MEDICAL STAFF ON VARIOUS MATTERS, INCLUDING CONTRACT NEGOTIATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $371,100
Investment Income $745
Other Revenue $0
TOTAL REVENUE $371,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $291,647
Fundraising Expenses $0
Program Expenses $329,712
Other Expenses $40,710
TOTAL EXPENSES $332,357

Year-over-Year Comparison

2024 2023 Change
Revenue $371,845 $342,628 +0.1%
Expenses $332,357 $345,277 0.0%
Net Income $39,488 $-2,649 -15.9%
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

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Governance

Voting Members
3
Independent Members
N/A
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
$236,250
Total Directors
3
$236,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL COLANCECCO MD SECRETARY/TREASURER 5.00
Officer Director
$11,250 $0 $11,250
KATRINA L SANDERS MD SECRETARY/TREASURER 5.00
Officer Director
$25,000 $0 $25,000
JEFFREY HEIT MD PRESIDENT 10.00
Officer Director
$200,000 $0 $200,000
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
2025 No data No data No data No data
2024 $371,845 $332,357 $279,379 $39,488
2023 $342,628 $345,277 $239,891 $-2,649
2022 $374,216 $397,720 $242,540 $-23,504
2021 $358,054 $398,803 $266,044 $-40,749
2020 $198,257 $335,639 $306,793 $-137,382
2019 $397,654 $446,288 $444,174 $-48,634
2018 $479,382 $357,341 $492,808 $122,041
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