OPHTHALMIC CONSULTANTS OF BOSTON INC HEALTH WELFARE & BENEFITS PLAN

EIN: 611433916 Mutual Benefit

WALTHAM, MA

Total Revenue
$10,375,222
Total Expenses
$9,952,537
Total Assets
$5,074,004
Net Assets
$4,262,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MA
Principal Officer
LISA BARNES
Phone
6173142662
Tax Period
2023-01-01 to 2023-12-31

OPHTHALMIC CONSULTANTS OF BOSTON INC HEALTH WELFARE & BENEFITS PLAN, founded in 2003, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.4M in total revenue in fiscal year 2023. Expenses of $10.0M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH, WELFARE AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES OF OPHTHALMIC CONSULTANTS OF BOSTON, INC. AND PARTICIPATING EMPLOYERS.

Program Service Accomplishments

Program 1

HEALTH, WELFARE AND BENEFIT PLAN PROVIDING BENEFITS TO ELIGIBLE EMPLOYEES OF OPHTHALMIC CONSULTANTS OF BOSTON, INC., CAPE COD EYE SURGERY & LASER CENTER, LLC, BOSTON EYE SURGERY AND LASER CENTER...

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HEALTH, WELFARE AND BENEFIT PLAN PROVIDING BENEFITS TO ELIGIBLE EMPLOYEES OF OPHTHALMIC CONSULTANTS OF BOSTON, INC., CAPE COD EYE SURGERY & LASER CENTER, LLC, BOSTON EYE SURGERY AND LASER CENTER TRUST, PLYMOUTH LASER CENTER, P.C., NEW ENGLAND EYE SURGICAL CENTER, INC., AND ANESTHESIA CONSULTANTS OF MASSACHUSETTS, LLC.

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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 $10,349,448
Investment Income $25,774
Other Revenue $0
TOTAL REVENUE $10,375,222

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $601,937
TOTAL EXPENSES $9,952,537

Year-over-Year Comparison

2023 2022 Change
Revenue $10,375,222 $10,431,210 0.0%
Expenses $9,952,537 $9,427,937 +0.1%
Net Income $422,685 $1,003,273 -0.6%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA BARNES TRUSTEE 0.10
Director
$0 $0 $0
LAURA FINE TRUSTEE 0.10
Director
$0 $0 $0
JONATHAN HERLIHY TRUSTEE (UNTIL 5/2023) 0.10
Director
$0 $0 $0
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 $10,375,222 $9,952,537 $5,074,004 $422,685
2022 $10,431,210 $9,427,937 $4,763,411 $1,003,273
2021 $8,877,921 $8,347,786 $3,903,465 $530,135
2020 $7,537,343 $5,991,824 $2,903,311 $1,545,519
2019 $6,336,448 $7,848,646 $2,016,954 $-1,512,198
2018 $3,043,123 $5,955,979 $3,004,056 $-2,912,856
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