COMMONWEALTH CLINICAL ALLIANCE INC

EIN: 562382058 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$63,007,471
Total Expenses
$63,063,935
Total Assets
$278,657,228
Net Assets
$14,953,885
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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
MA
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.

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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 (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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
5

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
$4,235,013
Total Directors
7
$3,248,401
Key Employees
0
$0
Highest Compensated
0
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
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