COMMONWEALTH CLINICAL ALLIANCE INC

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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

2004

Legal Domicile

Principal Officer

CHRISTOPHER D PALMIERI

Phone

6174260600

Tax Period

2023-01-01 to 2023-12-31

COMMONWEALTH CLINICAL ALLIANCE INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $63.0M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring.

Mission

SERVES AS A PRIMARY CARE SITE WITH NUMEROUS LOCATIONS IN MASSACHUSETTS, FOR THE COMMONWEALTH CARE ALLIANCE'S SENIOR CARE AND ONE CARE OPTIONS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $63,063,935 Revenue: $63,051,921

PROVIDES CARE MANAGEMENT SERVICES TO CHRONICALLY ILL ADULTS.

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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 $63,051,921

Investment Income $-44,450

Other Revenue $0

TOTAL REVENUE $63,007,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,324,363

Fundraising Expenses $0

Program Expenses $63,063,935

Other Expenses $2,739,572

TOTAL EXPENSES $63,063,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,007,471	$121,448,867	-0.5%
Expenses	$63,063,935	$112,183,702	-0.4%
Net Income	$-56,464	$9,265,165	-1.0%

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

N/A

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

$4,235,013

Total Directors

$3,248,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER D PALMIERI	PRESIDENT & CEO, DIRECTOR	10.00	Officer Director	$0	$754,490	$2,736,390
HANY ABDELAAL	DIRECTOR (AS OF JUNE 2023)	1.00	Director	$0	$134,540	$512,011
NAZLIM HAGMANN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BILJANA SIMIKIC	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN STILLO	DIRECTOR (UNTIL JULY 2023)	1.00	Director	$0	$0	$0
SUSAN WOOD	DIRECTOR (AS OF NOVEMBER 2023)	1.00	Director	$0	$0	$0
FRANK SCALISE	TREASURER & CFO (AS OF JULY 2023)	10.00	Officer	$0	$90,342	$357,442
ELIZABETH GOODMAN SEC CLERK	CHIEF LEGAL OFFICER	10.00	Officer	$0	$181,194	$811,475
MARY HAMILTON INTERIM	TREASURER & CFO (UNTIL JULY 2023)	10.00	Officer	$0	$8,225	$329,706
LISA FLEMING FORMER SEC	CLERK, CHIEF LEGAL OFFICER	0.00		$0	$47,275	$494,983

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	$63,007,471	$63,063,935	$278,657,228	$-56,464
2022	$121,448,867	$112,183,702	$212,849,755	$9,265,165
2021	$101,479,734	$97,583,603	$145,104,803	$3,896,131
2020	$89,879,060	$86,422,173	$89,859,372	$3,456,887
2019	$39,129,271	$39,874,083	$34,030,678	$-744,812
2018	$36,737,024	$36,558,982	$1,733,185	$178,042