Melrosewakefield Healthcare Inc
Overview
Mission
To operate hospitals on two campuses (one with 24 hour er services) along with a hospital school of nursing. Melrosewakefield healthcare provides inpatient and outpatient medical care and ancillary medical services and testing.
What it reported doing in 2023
To operate a hospital with 24 hour er services on one campus along with a hospital school of nursing. Melrosewakefield healthcare provided inpatient and outpatient medical, surgical and psychiatric care. Ancillary medical services and testing were also provided on an inpatient and outpatient basis in areas such as laboratory, radiology, ekg, eeg, pharmacy, nuclear medicine, physical therapy, occupational therapy, respiratory therapy and i.v. Therapy.
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.
Nonprofit profile at a glance
- EIN
- 042767880
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Medford, MA, USA
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 71
- Accountability: 82
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 68.8%; rating input score 69; 21st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -4.9%; rating input score 15; 15th percentile among comparable filings
- Operating reserve ratio: 0.74; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 9th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 79.6% of spending went to programs
- Governance: 11 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $223.4M in reported program spending
- Leadership: top reported pay $2.1M · 31 people listed · 0 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 13 filed money-flow records
- Related organizations: 55 filed related-organization links