Tufts Medicine Inc

Nonprofit profile at a glance

EIN
472250732
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2015, Form 990-T 2024
Location
Burlington, MA, USA
Phone
9789422220
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$40,109,771
Expenses
$77,650,176
Assets
$275,299,375
Liabilities
$318,576,607

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • MICHAEL DANDORPH (PRESIDENT & CEO)

Highest reported compensation

  • MICHAEL DANDORPH (PRESIDENT & CEO): $2,678,414 total reported compensation
  • JOSEPH WHITE (FORMER TRUSTEE): $2,050,443 total reported compensation
  • PHIL OKALA (CHIEF OPERATING OFFICER): $1,816,696 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission, vision and values are our guiding light. Together, we bring them to life with our care, our actions, our learning and our commitment to excellence.at tufts medicine, we know the power of community. It's that feeling of being welcomed and appreciated for exactly who you are. It's that sense of connection in sharing diverse stories and experiences with coworkers, patients and their families. It's that strength you gain to pursue your passions, knowing your team is there to support you every step of the way. That's healthcare with heart.we come from different backgrounds, cultures and beliefs, united under one mission: empowering people to live their best lives by reimagining healthcare, advancing knowledge and pioneering discovery. By working together, we can realize our vision of creating the most equitable and frictionless healthcare experience in the world.

What it reported doing in 2024

Tufts medicine, inc. ("tufts medicine"), which is hereinafter referred to as the "system", represents a unique model that serves the health needs of communities while enhancing the affordability of care. The system focuses on care integration, population health management, patient access, and operational performance. Tufts medicine is the sole corporate member of tufts medical center parent, inc. And consolidated affiliates ("tufts mc"), circle health, inc. And consolidated affiliates ("circle health"), melrosewakefield healthcare, inc. And consolidated affiliates ("melrosewakefield"), tufts medicine care at home parent ("tmcah"), formerly home health foundation, inc ("hhf"), tufts medicine integrated network, inc. ("tmin"), formerly wellforce clinically integrated network, tufts medicine pharmacy, llc. ("tm pharmacy"), tufts medicine indemnity company, ltd ("tmedic"), formerly wellforce indemnity company, ltd, and tufts medicine high reliability institute, inc.tufts medicine is designed to enhance the delivery of patient-centered care and improve access to high-quality, clinically integrated healthcare services for patients throughout many communities in the commonwealth of Massachusetts. Tufts medicine is working to facilitate implementation of a common, coordinated approach, across the three affiliating health care systems, to population health management. This will allow for innovation in care management models, dissemination of best practices, shared infrastructure and information systems, and increased scale to serve a greater population base. The role of tufts medicine for tufts mc, circle health, melrosewakefield and tmcah will facilitate rationalizing care delivery to assure that services are provided in the most efficient setting, with incentives for close collaboration among physicians, facilities and other health care providers. The role of tufts medicine will also serve to foster effective clinical integration across the continuum of care, including implementing strategies promoting risk-sharing and high performance outcomes. Through tufts medicine, tufts mc, circle health, melrosewakefield and tmcah will define a common set of responsibilities that honors their respective autonomy while promoting a collaborative and comprehensive future-looking strategic vision proactively reshaping how health care is provided.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 65
  • Accountability: 90
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73.2%; rating input score 73
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 82.4%; rating input score 82; 17th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -93.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.55; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 1.16; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 19.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 16.5% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 46.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 20.7% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73.2% of spending went to programs
  • Governance: 14 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $56.9M in reported program spending
  • Leadership: top reported pay $2.7M · 41 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $17M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 62 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.