Lahey Clinic Inc
Overview
Mission
See schedule o
What it reported doing in 2023
Ancillary services: radiology, diagnostic care and treatmentsee schedule o
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 042704683
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Charlestown, MA, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
- Affiliation
- Christianity
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 70
- Accountability: 62
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.5%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 95%; rating input score 95; 42nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: 80.1%; rating input score 80; 18th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -17.5%; rating input score 5; 5th percentile among comparable filings
- Operating reserve ratio: 0.71; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.74; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.5% of spending went to programs
- Governance: 12 of 24 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $435.8M in reported program spending
- Leadership: top reported pay $5.4M · 49 people listed · 0 of 6 pay-setting controls reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 25 filed money-flow records
- Related organizations: 88 filed related-organization links