Element Care Inc
85% goes to programs Strong reserves
Element Care Inc is a 501(c)(3) organization based in Lynn, Massachusetts, registered in 1995, with $115,982,329 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
235 Woodland N, Lynn, MA, 01904 EIN 04-3267751 Since 1995
Revenue (FY2023)
$116.0M
▲ 5.4% vs prior year
Human Services median: $293K
Expenses (FY2023)
$119.4M
Net assets
$82.1M
Employees
361
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Element Care Inc: 85% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating8 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Element Care Inc: 8 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Element Care Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Element Care Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization's mission is to provide health and social services to elders of massachusetts located north of boston. pace is a program of all-inclusive care for the elderly that enables eligible seniors to remain in their own communities rather than being placed in long-term care facilities. the organization's goal is to maximize the health and functioning levels of program enrollees to enable them to continue living in the community.
Contact & location
- Address
- 235 Woodland N, Lynn, MA, 01904
- City
- Lynn
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $84.7M (FY2014) to $116.0M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $34.9MNet assets $82.1M
Operating margin
-3.0%
Spent more than it raised in the latest fiscal year.
Total assets
$117.0M
Total liabilities
$34.9M
Net assets
$82.1M
Salaries & benefits
$39.6M
33% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $115,982,329▲5.4% | $119,429,202▲12.7% | $82,073,792▼5.3% | $116,973,995▲3.2% | 990 |
| 2022 | $110,017,724▲2.7% | $105,983,724▲10.1% | $86,656,235▲6.5% | $113,395,799▲21.5% | 990 |
| 2021 | $107,097,540▲4.9% | $96,264,425▲7.7% | $81,393,930▲14.7% | $93,315,351▲11.3% | 990 |
| 2020 | $102,077,849▲6.2% | $89,402,275▲0.8% | $70,950,605▲28.2% | $83,865,974▲16.2% | 990 |
| 2019 | $96,125,136▲7.7% | $88,692,051▼3.0% | $55,360,371▲16.2% | $72,193,292▲12.6% | 990 |
| 2018 | $89,277,278▼0.7% | $91,475,761▲1.5% | $47,661,054▼3.3% | $64,134,540▼10.4% | 990 |
| 2017 | $89,869,281▲2.3% | $90,129,900▲3.5% | $49,282,527▼3.3% | $71,595,457▲0.1% | 990 |
| 2016 | $87,823,332▲0.5% | $87,086,198▲0.5% | $50,968,497▲3.0% | $71,521,915▲6.3% | 990 |
| 2015 | $87,350,387▲3.2% | $86,645,478▲2.7% | $49,482,629▲1.6% | $67,272,753▲7.8% | 990 |
| 2014 | $84,667,022 | $84,327,405▲21.5% | $48,699,443▲9.3% | $62,383,052▲9.3% | 990 |
| 2012 | — | $69,418,331▲10.9% | $44,538,618▲5.0% | $57,086,920▲3.3% | 990 |
| 2011 | — | $62,579,551▲13.2% | $42,417,944▲10.4% | $55,252,673▲12.8% | 990 |
| 2010 | — | $55,283,853▲4.4% | $38,433,276▲21.0% | $48,994,631▲17.4% | 990 |
| 2009 | — | $52,969,667 | $31,770,793 | $41,717,627 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Robert Wakefield — $430,977 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Wakefield | Executive Director | 40 | $430,977 |
| Joanna Duby | Medical Dir/physician | 40 | $359,772 |
| Soumya Chandrasekaran | Physician | 40 | $303,586 |
| Dorina Omari | Physician | 40 | $297,060 |
| John Coolong | Chief Information Officer | 40 | $271,317 |
| Cinthia Coleman | Physician | 40 | $267,731 |
| Vivian Chan | Physician | 40 | $255,541 |
| Mary Ellen Dugan | Chief Operating Officer | 36 | $254,645 |
| Robert Durante | Chief Financial Officer | 40 | $253,222 |
| Tao Liu | Physician | 40 | $237,808 |
| Linda Gauvain | Director of Patient Care Services | 40 | $189,853 |
| Bob Palleschi | Director | 5 | — |
| Brenda Rodriguez | Director (since Feb '24) | 5 | — |
| Darlene Gallant | Director | 5 | — |
| Dr Geoff Pechinsky | Director (until Feb '24) | 5 | — |
| Eliud Alcala | Director | 5 | — |
| John Feehan | President | 5 | — |
| Kathy Burns | Director | 5 | — |
| Marilyn Smith | Clerk | 5 | — |
| Mary Magner | Treasurer | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lynn Community Health Center | Health Care | $12,237,847 |
| North Shore Medical Center Inc | Hospital Facility | $2,995,031 |
| Ocean Transportation | Transportation Services | $2,896,511 |
| Northeast Hospital Corporation Inc | Hospital Facility | $2,832,598 |
| Crossway Homecare LLC | Home Health Care Services | $2,264,124 |
Grants made · $2.3M in FY2020
4 grants totaling $2.3M in FY2020. All grants made by Element Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nevins Family of Services Inc | To offset lost revenue due to construction project of the new pace adhc housing facility. | $1,000,000 |
| Young Womens Christian Association of Newburyport | For building construction of the nevins housing development. | $750,000 |
| Lynn Community Health Inc | To assist the organization in converting their payroll platform to adp payroll services. | $300,000 |
| Greater Lynn Senior Services Inc | To support the development of project phoenix home, a special elder housing support and food security component of project phoenix, a new citywide collaborative initiative led by greater lynn senior services. | $200,000 |
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Frequently asked questions
- Is Element Care Inc a legitimate nonprofit?
- Yes. Element Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3267751, based in Lynn, Massachusetts. Donations are tax-deductible.
- What is Element Care Inc's EIN?
- Element Care Inc's Employer Identification Number (EIN) is 04-3267751.
- How much revenue does Element Care Inc report?
- Element Care Inc reported $115,982,329 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Element Care Inc's spending goes to programs?
- Element Care Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Element Care Inc have?
- CharityIndex grades Element Care Inc A, based on program efficiency and fundraising cost.
- How much does Element Care Inc's highest-paid employee make?
- The highest reported compensation on Element Care Inc's latest Form 990 is $430,977, paid to Robert Wakefield (Executive Director).
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Data for Element Care Inc (EIN 04-3267751) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.