BUTTONWOOD HEALTHCARE INC

EIN: 850629884 501(c)(3) Health Care

ROWLEY, MA

Total Revenue
$192,131
Total Expenses
$6,035
Total Assets
$9,318,470
Net Assets
$1,742,740
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
FRANK ROMANO
Phone
9789487383
Tax Period
2024-01-01 to 2024-12-31

BUTTONWOOD HEALTHCARE INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $192K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $186K, a strong 97% operating margin.

Mission

SINCE THE ONSET OF THE COVID-19 PANDEMIC IN MASSACHUSETTS, BUTTONWOOD HEALTHCARE, INC. HAS WORKED IN CONJUNCTION WITH THE COMMONWEALTH OF MASSACHUSETTS, THE CITY OF NEW BEDFORD, AND AREA NONPROFIT HOSPITALS AND MEDICAL GROUP PRACTICES TO OPEN TWO PREVIOUSLY CLOSED NURSING FACILITIES AS DEDICATED COVID-19 FACILITIES AND TO PROVIDE NURSING HOME CARE AND SERVICES TO INDIVIDUALS RECOVERING FROM COVID-19 AT THE FACILITIES. IT IS THE GOAL OF THE COMPANY TO ADMIT ANY SUCH INDIVIDUALS REGARDLESS OF ABILITY TO PAY AND TO PROVIDE NURSING CARE AND SERVICES FOR THE DURATION OF THE PANDEMIC AND UNTIL THE LAST COVID-19 RESIDENT IS SAFELY DISCHARGED FROM ITS FACILITIES. BUTTONWOOD HEALTHCARE, INC. EXPANDED ITS MISSION AND CHARITABLE PURPOSE TO THE PROVISION OF SKILLED NURSING, ADULT DAY HEALTH, TRANSPORTATION, HOMECARE, AND ASSISTED LIVING TO COMMUNITIES IN NEED THROUGHOUT MA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $191,104
Other Revenue $1,027
TOTAL REVENUE $192,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,035
TOTAL EXPENSES $6,035

Year-over-Year Comparison

2024 2023 Change
Revenue $192,131 $234,101 -0.2%
Expenses $6,035 $11,648 -0.5%
Net Income $186,096 $222,453 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK ROMANO PRESIDENT/TREASURER 0.25
Officer Director
$0 $0 $0
SCOTT PICONE DIRECTOR 0.25
Director
$0 $0 $0
ELAINE TETRAULT DIRECTOR 0.25
Director
$0 $0 $0
KATELYN M COLLINS DIRECTOR 0.25
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 $192,131 $6,035 $9,318,470 $186,096
2023 $234,101 $11,648 $9,125,441 $222,453
2022 $568,224 $62,552 $9,071,920 $505,672
2021 $1,904,177 $1,713,759 $9,576,157 $190,418
2020 $6,345,785 $5,735,052 $9,638,781 $610,733
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