METRO HEALTH FOUNDATION OF MASSACHUSETTS INC

EIN: 582211053 501(c)(3) Health Care

BRAINTREE, MA

Total Revenue
$13,190,863
Total Expenses
$13,438,459
Total Assets
$2,935,397
Net Assets
$392,334
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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
GA
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

THE ORGANIZATION'S MISSION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, SPECIFICALLY TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY, INCLUDING ACQUIRING NURSING HOMES AND PERSONAL CARE CENTERS FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $10,449,516 Revenue: $13,136,986

LONG TERM NURSING HOME CARE - METRO HEALTH FOUNDATION OF MASSACHUSETTS, INC. OWNS AND OPERATES BOSTONIAN SKILLED NURSING AND REHABILITATION CENTER, A 121-BED NURSING HOME IN DORCHESTER, MASSACHUSETTS.

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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 $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

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Governance

Voting Members
5
Independent Members
4
Employees
186
Volunteers
6

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
$67,173
Total Directors
5
$67,173
Key Employees
0
$0
Highest Compensated
5
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
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