ALLIANCE HEALTH OF MARBLEHEAD INC

EIN: 800249854 501(c)(3) Health Care

SOUTHBOROUGH, MA

Total Revenue
$1,014,505
Total Expenses
$104,722
Total Assets
$2,158,338
Net Assets
$1,823,668
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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
2008
Legal Domicile
MA
Principal Officer
FRANCIS J GRADY
Phone
6173323366
Tax Period
2023-01-01 to 2023-12-31

ALLIANCE HEALTH OF MARBLEHEAD INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $910K, a strong 90% operating margin.

Mission

TO PROMOTE AND PROVIDE SAFE, HEALTHY, QUALITY SERVICES AND LIVING ENVIRONMENTS FOR ELDERS.

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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 $1,006,698
Program Service Revenue $3,560
Investment Income $0
Other Revenue $4,247
TOTAL REVENUE $1,014,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,122
Fundraising Expenses $0
Program Expenses $70,029
Other Expenses $92,600
TOTAL EXPENSES $104,722

Year-over-Year Comparison

2023 2022 Change
Revenue $1,014,505 $1,579,666 -0.4%
Expenses $104,722 $3,778,739 -1.0%
Net Income $909,783 $-2,199,073 -1.4%
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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
11

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
$1,563,050
Total Directors
12
$599,182
Key Employees
8
$1,842,329
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS J GRADY PRESIDENT & DIRECTOR & CEO 1.00
Officer Director
$0 $49,136 $599,182
PAUL KEMP TREASURER & CFO 1.00
Officer
$0 $49,251 $481,934
THOMAS LAVALLEE SECRETARY & COO 1.00
Officer
$0 $49,251 $481,934
MICHAEL DODOS CONTROLLER 1.00
Key Emp
$0 $0 $306,312
DANIEL MITCHELL DIRECTOR OF OPERATIONS 1.00
Key Emp
$0 $26,751 $269,409
MARY KILCOMMONS DIRECTOR OF OPERATIONS 1.00
Key Emp
$0 $10,154 $237,865
ELAINE HANSEN DIRECTOR OF CLINICAL SERVICES 1.00
Key Emp
$0 $15,653 $235,762
DORIS DAVILA VICE PRESIDENT OF OPERATIONS 1.00
Key Emp
$0 $2,873 $213,624
WILLIAM FARINA DIRECTOR OF REHAB 1.00
Key Emp
$0 $16,724 $207,857
RICHARD CANTY VICE PRESIDENT 1.00
Key Emp
$0 $184 $184,601
SEAN DOYLE DIRECTOR OF HR 1.00
Key Emp
$0 $9,479 $186,899
LINDA CORRIDAN RN CHAIRMAN 1.00
Director
$0 $0 $0
TAMMY BRUNETTI DIRECTOR 1.00
Director
$0 $0 $0
ANDREW CALKINS DIRECTOR 1.00
Director
$0 $0 $0
ALFRED GRAY DIRECTOR 1.00
Director
$0 $0 $0
JANICE HOCKENSMITH DIRECTOR (UNTIL 10/23) 1.00
Director
$0 $0 $0
REV JEROME J JANISKO DIRECTOR 1.00
Director
$0 $0 $0
ERIK M JONES DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR MOURTZINOS MD DIRECTOR 1.00
Director
$0 $0 $0
JAMES BRUCE RILEY CPA DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER ROBBINS DIRECTOR 1.00
Director
$0 $0 $0
PETE ZAMPINE DIRECTOR 1.00
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 $1,014,505 $104,722 $2,158,338 $909,783
2022 $1,579,666 $3,778,739 $2,065,026 $-2,199,073
2021 $5,433,310 $5,672,536 $5,761,163 $-239,226
2020 $5,301,527 $6,080,566 $5,424,724 $-779,039
2019 $5,115,953 $5,620,279 $5,695,050 $-504,326
2018 $4,356,286 $4,835,636 $5,927,010 $-479,350
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