METRO HEALTH FOUNDATION OF MASSACHUSETTS INC (EIN 582211053) - 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

1995

Legal Domicile

Principal Officer

JASON GEISINGER

Phone

7814742263

Tax Period

2023-01-01 to 2023-12-31

METRO HEALTH FOUNDATION OF MASSACHUSETTS INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $13.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

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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 $49,728

Program Service Revenue $13,136,986

Investment Income $4,149

Other Revenue $0

TOTAL REVENUE $13,190,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,436,125

Fundraising Expenses $0

Program Expenses $10,449,516

Other Expenses $6,002,334

TOTAL EXPENSES $13,438,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,190,863	$13,078,257	+0.0%
Expenses	$13,438,459	$10,763,730	+0.2%
Net Income	$-247,596	$2,314,527	-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

186

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

$67,173

Total Directors

$67,173

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON GEISINGER	PRESIDENT	30.00	Officer Director	$67,173	$0	$67,173
SAVINO MAGALETTA	SECRETARY	30.00	Officer Director	$0	$0	$0
JONATHAN NEAGLE	TREASURER	8.00	Officer Director	$0	$0	$0
STEVE COHEN	DIRECTOR	2.00	Director	$0	$0	$0
MARYANNE PEABODY	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL USECHEK	EXECUTIVE DIRECTOR	40.00	Highest	$156,545	$17,893	$174,438
GLORIA FORTIER	LPN	40.00	Highest	$132,847	$15,184	$148,031
BENIETTA KRUAH MARTON	LPN SDC	40.00	Highest	$131,664	$15,049	$146,713
RHODA EDOUARD	LPN	40.00	Highest	$127,848	$14,613	$142,461
INGRID ORIMA	LPN	40.00	Highest	$110,377	$12,616	$122,993

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	$13,190,863	$13,438,459	$2,935,397	$-247,596
2022	$13,078,257	$10,763,730	$2,745,207	$2,314,527
2021	$11,105,289	$10,928,476	$2,100,694	$176,813
2020	$13,827,154	$12,447,653	$3,173,903	$1,379,501
2019	$11,439,307	$12,272,679	$2,390,927	$-833,372
2018	$11,764,505	$13,413,008	$2,407,501	$-1,648,503

METRO HEALTH FOUNDATION OF MASSACHUSETTS INC