ADDISON GILBERT SOCIETY INC (EIN 464371382) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

9789223000

Tax Period

2023-10-01 to 2024-09-30

ADDISON GILBERT SOCIETY INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $625K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSE OF ADDISON GILBERT SOCIETY (AGS) IS TO CULTIVATE ON-GOING DONOR SUPPORT FOR THE OPERATIONS OF ADDISON GILBERT HOSPITAL (AGH OR HOSPITAL). AS NOTED BELOW AGH IS A CAMPUS OF NORTHEAST HOSPITAL CORPORATION (NHC) (D/B/A BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS). SINCE ITS CREATION, THE AGS HAS BEEN AN IMPORTANT VEHICLE FOR CHARITABLE GIVING AND COMMUNITY PHILANTHROPIC INVESTMENT IN AGH. FUNDS RAISED BY AGS SUPPORT AGH'S GENERAL OPERATIONS, CAPITAL NEEDS AND CRITICAL PROGRAMS, ALL IN FURTHERANCE OF BOTH THE AGS'S AND THE HOSPITAL'S MISSIONS. AGS AND AGH ACCOMPLISH THESE MISSIONS IN CONJUNCTION WITH THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK OF AFFILIATES AS DESCRIBED THROUGHOUT THIS FORM 990 AND THE FORM 990 OF NHC. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE8ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS, ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,900 PHYSICIANS AND 39,000 EMPLOYEES. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), ANNA JAQUES HOSPITAL (AJH), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), THE JOSLIN DIABETES CENTER, EXETER HEALTH RESOURCES, INC (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC) AND EHRI IN TURN SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL.

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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 $625,182

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $625,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,182	$334,304	+0.9%
Expenses	N/A	N/A	N/A
Net Income	N/A	$334,304	N/A

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

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

$8,401,755

Total Directors

$9,637,808

Key Employees

$313,595

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABB MD KEVIN	TTEE & PRES (EX-OFF) (CEO, BILH)	1.00	Officer Director	$0	$1,097,028	$5,410,415
RIOS CINDY	TTEE & TREAS (EXOFF) (EVP/CFO, BILH)	1.00	Officer Director	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	TTEE &CLERK (EX-O); GEN COUNSEL BILH	1.00	Officer Director	$0	$32,002	$1,302,177
SANDS TOM	TRUSTEE	1.00	Director	$0	$248,897	$957,421
ANDREE JASON	TRUSTEE	1.00	Director	$0	$34,326	$278,632
REILLY TIMOTHY	VP, HUMAN RESOURCES BUSINESS PARTNER	1.00	Key Emp	$0	$34,462	$313,595
IMPERIALI REBECCA	FORMER VP OF PHILANTHROPY	0.00		$0	$7,996	$160,462

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	$625,182	No data	$1,050,599	No data
2023	$334,304	No data	$537,700	No data
2022	$807,374	No data	$1,245,107	No data
2021	$2,267,753	No data	$1,850,390	No data
2020	$690,852	No data	$1,061,102	No data
2019	$652,246	No data	$1,239,603	No data
2018	$1,222,625	No data	$932,047	No data

ADDISON GILBERT SOCIETY INC