Massachusetts Health Data Consortium Inc
- Assets
- $2.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Waltham, MA
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 04-2647615
Organization Overview
Massachusetts Health Data Consortium Inc is located in Waltham, MA. The organization was established in 1978. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2021, Massachusetts Health Data Consortium Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Health Data Consortium Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Massachusetts Health Data Consortium Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 25.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, PROMOTE AND SUPPORT COLLABORATIVE EFFORTS TO IMPROVE HEALTH AND HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATED, PROMOTED AND SUPPORTED COLLABORATIVE EFFORTS TO IMPROVE HEALTH AND HEALTHCARE. COLLECTED, ANALYZED AND DISSEMINATED HEALTH CARE DATA FROM MASSACHUSETTS ACUTE CARE HOSPITALS TO HOSPITALS, PROVIDERS AND INSURERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Brennan Executive Director | OfficerTrustee | 37.5 | $324,824 |
Dave Delano Executive | OfficerTrustee | 37.5 | $213,988 |
Janice Karin Executive | OfficerTrustee | 37.5 | $126,171 |
Kathleen Tournas Secretary | OfficerTrustee | 37.5 | $121,123 |
Lin Li Staff | 37.5 | $69,939 | |
Arleen Coletti Director | 30 | $66,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,294,938 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $262,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,557,308 |
| Total Program Service Revenue | $409,815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,057,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $942,457 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,997 |
| Pension plan accruals and contributions | $45,937 |
| Other employee benefits | $117,620 |
| Payroll taxes | $70,308 |
| Fees for services: Management | $2,980,814 |
| Fees for services: Legal | $31,698 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,793 |
| Information technology | $176,854 |
| Royalties | $0 |
| Occupancy | $147,627 |
| Travel | $929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,822 |
| Insurance | $32,034 |
| All other expenses | $1,408 |
| Total functional expenses | $4,774,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,415 |
| Savings and temporary cash investments | $238,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $687,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $117,976 |
| Net Land, buildings, and equipment | $6,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,199,626 |
| Accounts payable and accrued expenses | $468,359 |
| Grants payable | $0 |
| Deferred revenue | $704,983 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,173,342 |
| Net assets without donor restrictions | $787,914 |
| Net assets with donor restrictions | $238,370 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,199,626 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massachusetts Health Data Consortium Inc has recieved totaling $259,870.
| Awarding Organization | Amount |
|---|---|
Massachusetts Ehealth Collaborative Waltham, MA PURPOSE: TO FULFILL THE PURPOSES OF THE ORGANIZATION | $259,870 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cbset Inc Lexington, MA | $14,994,473 | $24,232,593 |
Ibpat District Council No Ii Health Fund Wallingford, CT | $42,564,448 | $17,002,734 |
New York Academy Of Medicine New York, NY | $83,761,526 | $11,379,075 |
United Hospital Fund Of New York New York, NY | $118,804,052 | $10,406,800 |
District Council 1707 Health And Insurance Fund New York, NY | $11,584,860 | $8,948,840 |
Massachusetts Health Data Consortium Inc Waltham, MA | $2,199,626 | $5,057,188 |
Drugs For Neglected Diseasesinitiative North America Inc New York, NY | $1,372,645 | $4,153,290 |
Medicare Rights Center Inc New York, NY | $4,675,870 | $4,027,841 |
St Lukes Institute For Health Science New York, NY | $2,576,536 | $2,898,052 |
Independent Health Foundation Buffalo, NY | $4,775,300 | $3,193,474 |
Foundation For Research Into Sexually Transmitted Diseases Inc New York, NY | $1,009,719 | $1,318,302 |
Nehi Inc Boston, MA | $881,591 | $1,771,199 |