Massachusetts Health Data Consortium Inc
- Assets
- $2.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Waltham, MA
- Founding
- 10/1978
- Data as of
- 12/2023
- 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 12/2023, Massachusetts Health Data Consortium Inc employed 7 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 12/2023, Massachusetts Health Data Consortium Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 23.8% per year over the past 8 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Brennan Executive Director | OfficerTrustee | 40 | $276,327 |
Dave Delano Senior Director | Officer | 40 | $205,787 |
Kathleen Tournas Secretary | OfficerTrustee | 40 | $127,292 |
Chris Matarazzo Senior Director | 40 | $124,738 | |
Janice Karin Director | 40 | $122,786 | |
Katie Klossner Director | 40 | $116,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,646,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $5,646,767 |
| Total Program Service Revenue | $180,902 |
| 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 | $5,856,528 |
| 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. | $972,935 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,014 |
| Pension plan accruals and contributions | $56,386 |
| Other employee benefits | $116,853 |
| Payroll taxes | $78,395 |
| Fees for services: Management | $4,244,507 |
| Fees for services: Legal | $50,030 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,421 |
| Advertising and promotion | $0 |
| Office expenses | $25,183 |
| Information technology | $155,131 |
| Royalties | $0 |
| Occupancy | $66,582 |
| Travel | $388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $60,199 |
| All other expenses | $0 |
| Total functional expenses | $6,003,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,059,225 |
| Savings and temporary cash investments | $138,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $698,891 |
| 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 | $128,421 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,024,608 |
| Accounts payable and accrued expenses | $479,843 |
| Grants payable | $0 |
| Deferred revenue | $661,884 |
| 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 | $1,141,727 |
| Net assets without donor restrictions | $692,511 |
| Net assets with donor restrictions | $190,370 |
| 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 | $2,024,608 |