CONNECTED CARE OF SOUTHEASTERN MAS… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

STEPHEN JENNEY

Phone

7816248000

Tax Period

2023-10-01 to 2024-09-30

CONNECTED CARE OF SOUTHEASTERN MASSACHUSETTS INC, founded in 2017, is a micro nonprofit in the Health Care sector that reported $12K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 96% operating margin.

Mission

THE CORPORATION'S MISSION IS TO OWN AND OPERATE AN ACCOUNTABLE CARE ORGANIZATION THAT PARTICIPATES IN VARIOUS ACCOUNTABLE CARE MODELS, INCLUDING THE NEXT GENERATION ACO MODEL (ACO), AND OTHER ACCOUNTABLE CARE ORGANIZATION ARRANGEMENTS. THE INITIATIVE'S AIM IS TO COLLABORATE AND INTEGRATE/COORDINATE CARE FOR MEDICARE FEE-FOR-SERVICE PATIENTS IN A WAY THAT IMPROVES OUTCOMES FOR THE COVERED POPULATION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

OWN AND OPERATE A NEXT GENERATION ACCOUNTABLE CARE ORGANIZATION, PARTICIPATE IN THE NEXT GENERATION ACO PROGRAM AND OTHER RELATED 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $12,045

Other Revenue $0

TOTAL REVENUE $12,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $500

TOTAL EXPENSES $500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,045	$2,408,385	-1.0%
Expenses	$500	$785,842	-1.0%
Net Income	$11,545	$1,622,543	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

$2,367,972

Total Directors

$4,383,045

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN SMITH MD	PRESIDENT & CEO	1.00	Officer Director	$0	$183,307	$1,446,616
LUKE O'CONNELL MD	DIRECTOR	1.00	Director	$0	$359,724	$1,143,167
DAVID HALLE MD	DIRECTOR	1.00	Director	$0	$36,056	$630,784
TIMOTHY R LYNCH MD	DIRECTOR	1.00	Director	$0	$0	$383,089
TIMOTHY M LYNCH MD	DIRECTOR	0.50	Director	$0	$33,038	$378,397
SARA NUCIFORO MD	DIRECTOR	1.00	Director	$0	$31,679	$371,859
MICHAEL AYERS MD	DIRECTOR	1.00	Director	$0	$0	$29,133
CAROLE WHITING	DIRECTOR	1.00	Director	$0	$0	$0
GILES BOLAND MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER GRAPE MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH R DRISCOLL ESQ	SECRETARY	1.00	Officer	$0	$36,056	$607,535
STEPHEN JENNEY	CFO & TREAS. AS OF 10/1/23	1.00	Officer	$0	$20,403	$313,821
KRISTINE HANSCOM CPA MST CGMA	FORMER TREAS. & CFO (THRU 5/31/23)	1.00		$0	$18,546	$926,096

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	$12,045	$500	$1,631,366	$11,545
2023	$2,408,385	$785,842	$2,872,320	$1,622,543
2022	$67,564	$1,277,324	$409,136	$-1,209,760
2021	$2,163,661	$1,833,406	$1,687,586	$330,255
2020	$232,909	$694,998	$921,031	$-462,089
2019	No data	$5,780,863	$4,115,852	No data

CONNECTED CARE OF SOUTHEASTERN MASSACHUSETTS INC