TUFTS MEDICINE INC (EIN 472250732) - 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

MICHAEL DANDORPH

Phone

9789422220

Tax Period

2023-10-01 to 2024-09-30

TUFTS MEDICINE INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $15.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $85.4M exceeded revenue, resulting in a 436% operating deficit.

Mission

CARE INTEGRATION, POPULATION HEALTH MANAGEMENT, PATIENT ACCESS AND OPERATIONAL PERFORMANCE.

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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 $0

Program Service Revenue $15,866,100

Investment Income $59,362

Other Revenue $0

TOTAL REVENUE $15,925,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,501,873

Fundraising Expenses $0

Program Expenses $34,794,081

Other Expenses $63,917,009

TOTAL EXPENSES $85,418,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,925,462	$18,106,195	-0.1%
Expenses	$85,418,882	$51,672,972	+0.7%
Net Income	$-69,493,420	$-33,566,777	+1.1%

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

851

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

$3,841,165

Total Directors

$2,957,629

Key Employees

$3,621,164

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DANDORPH	PRESIDENT & CEO	49.00	Officer Director	$1,726,150	$359,711	$2,085,861
GARY CAMPBELL	CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA CAMPBELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND ANSTISS JR	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH AVELLONE MD	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA BARGINERE	TRUSTEE	1.00	Director	$0	$0	$0
FIRDAUS BHATHENA	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE CRAGE MD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID CRISS MD	TRUSTEE	1.00	Director	$0	$0	$131,601
KARA DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
DAMIAN FOLCH MD	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN KAVOOGIAN	TRUSTEE	1.00	Director	$0	$0	$0
SUNIL KUMAR PH D	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP LEMBO	TRUSTEE	1.00	Director	$0	$0	$0
NAOMI PRENDERGAST	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SHAMES	TRUSTEE	1.00	Director	$0	$0	$0
CLARISSA YANG MD	TRUSTEE	1.00	Director	$0	$35,187	$740,167
MONICA VALDES LUPI	TRUSTEE (UNTIL 4/24)	1.00	Director	$0	$0	$0
ANDREW DEVOE	TREASURER & CFO	49.00	Officer	$0	$0	$0
SUSAN GREEN	VP/CFO/TREAS (UNTIL 12/23)	49.00	Officer	$1,047,084	$38,808	$1,085,892
ZACHARY REDMOND	SECRETARY	48.00	Officer	$599,263	$70,149	$669,412
PHIL OKALA	CHIEF OPERATING OFFICER	40.00	Key Emp	$1,121,244	$16,258	$1,137,502
SYED SHAFIQUR RAB	CIP, EVP DIGITAL TRANS OFFICER	49.00	Key Emp	$882,437	$36,906	$919,343
SABRINA GRANVILLE	EVP, CHIEF HR OFFICER	49.00	Key Emp	$644,925	$111,909	$756,834
NIOBIS QUEIRO	SVP, REVENUE CYCLE (UNTIL 1/23)	40.00	Key Emp	$516,028	$2,081	$518,109
JAMIE WATSON	SVP, REVENUE CYCLE (UNTIL 6/24)	40.00	Key Emp	$277,823	$11,553	$289,376
LEE ERICKSON	CHIEF QUALITY OFFICER (UNTIL 3/23)	50.00	Highest	$901,428	$107,056	$1,008,484
MICHAEL NEWMAN	SVP, CHIEF CLINICAL OFFICER	40.00	Highest	$802,569	$118,194	$920,763
ROSA COLON-KOLACKO	CHIEF DIVERSITY OFFICER (UNTIL 7/23)	40.00	Highest	$509,106	$62,199	$571,305
JEFFREY GROSS	SVP, BUSINESS DEV (UNTIL 1/23)	40.00	Highest	$468,413	$2,720	$471,133
TODD WHITECROSS	SVP, PAYER STRATEGY	40.00	Highest	$455,081	$9,977	$465,058
CRAIG BEST	FORMER EVP, PHYS ORG.	0.00		$188,461	$0	$188,461
MICHAEL TARNOFF MD	FORMER TRUSTEE	0.00		$0	$196,769	$1,390,602
JOSEPH PENNACCHIO MD	FORMER TRUSTEE	0.00		$0	$23,875	$499,186
PAUL SUMMERGRAD MD	FORMER TRUSTEE	0.00		$0	$57,022	$417,693
JOSEPH WHITE	FORMER TRUSTEE	50.00		$1,117,468	$23,483	$1,140,951
JEFFREY WEINSTEIN ESQ	FORMER EVP/CHIEF LEGAL OFFICER	0.00		$601,188	$0	$601,188
JOANNE MARQUSEE	FORMER EVP, CIO	0.00		$720,646	$0	$720,646
DAVID STORTO	FORMER EVP/CHIEF STRATEGY OFFICER	0.00		$376,025	$11,402	$387,427

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	$15,925,462	$85,418,882	$292,513,733	$-69,493,420
2023	$18,106,195	$51,672,972	$348,784,798	$-33,566,777
2022	$777,039	$25,018,352	$261,139,193	$-24,241,313
2022	$777,039	$25,018,352	$261,139,193	$-24,241,313
2021	$918,614	$21,157,348	$254,762,428	$-20,238,734
2020	$530,151	$22,849,402	$334,551,155	$-22,319,251
2019	$331,190	$25,135,179	$137,294,159	$-24,803,989
2018	$1,264,043	$21,099,319	$6,457,112	$-19,835,276

TUFTS MEDICINE INC