Lahey Clinic Inc
98% goes to programs $0 to raise $100
Lahey Clinic Inc is a 501(c)(3) organization based in Burlington, Massachusetts, registered in 1994, with $376,718,300 in FY2023 revenue. CharityIndex grades it B+, and it directs about 98% of spending to programs.
41 Mall Rd, Burlington, MA, 01805 EIN 04-2704683 Since 1994
Revenue (FY2023)
$376.7M
▲ 11.7% vs prior year
Health median: $840K
Expenses (FY2023)
$442.6M
Net assets
$81.8M
Employees
1,693
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating98% to programs · $0 to raise $100
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 Lahey Clinic Inc: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating2 mo reserves · -17% 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 Lahey Clinic Inc: 2 mo reserves · -17% margin earns a C+ 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 Lahey Clinic Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Lahey Clinic Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Ancillary services: radiology, diagnostic care and treatmentsee schedule o
General medicine primary care and endoscopysee schedule o
Contact & location
- Address
- 41 Mall Rd, Burlington, MA, 01805
- City
- Burlington
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $285.8M (FY2013) to $376.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $230.8MNet assets $81.8M
Operating margin
-17.5%
Spent more than it raised in the latest fiscal year.
Total assets
$312.5M
Total liabilities
$230.8M
Net assets
$81.8M
Salaries & benefits
$407.9M
92% of expenses
Board members
24
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $376,718,300▲11.7% | $442,571,119▲7.3% | $81,753,785▲17.2% | $312,521,997▲17.5% | 990 |
| 2022 | $337,273,093▼6.6% | $412,489,983▲0.3% | $69,766,062▲32.7% | $265,897,725▲10.9% | 990 |
| 2021 | $361,277,977▲3.0% | $411,373,162▲5.9% | $52,576,065▼41.2% | $239,661,515▼9.8% | 990 |
| 2020 | $350,834,884▲20.5% | $388,548,728▼0.3% | $89,420,254▲36.5% | $265,843,829▲21.4% | 990 |
| 2019 | $291,194,396▼7.9% | $389,866,613▲0.4% | $65,501,494▼0.9% | $218,926,928▲19.4% | 990 |
| 2018 | $316,276,052▲4.0% | $388,217,227▲4.6% | $66,082,366▼22.8% | $183,310,579▼29.4% | 990 |
| 2017 | $304,035,231▲6.2% | $370,995,661▲5.4% | $85,553,929▲160% | $259,691,959▼6.8% | 990 |
| 2016 | $286,206,240▼3.1% | $352,149,215▲4.3% | -$141,597,866▼60.4% | $278,769,254▼8.6% | 990 |
| 2015 | $295,365,299▲3.1% | $337,610,115▼6.1% | -$88,300,578▼627% | $304,975,562▼7.5% | 990 |
| 2014 | $286,475,361▲0.2% | $359,546,730▲20.6% | -$12,146,880▼113% | $329,721,141▼17.4% | 990 |
| 2013 | $285,763,404 | $298,121,042▲8.4% | $93,905,273▼22.6% | $398,946,902▲79.0% | 990 |
| 2012 | — | $275,093,134▲1.8% | $121,369,869▲34.0% | $222,845,876▲17.0% | 990 |
| 2011 | — | $270,354,933▲3.0% | $90,550,919▼26.8% | $190,442,656▼1.3% | 990 |
| 2010 | — | $262,473,303▲3.9% | $123,629,642▼16.8% | $192,869,205▼6.4% | 990 |
| 2009 | — | $252,638,484 | $148,565,590 | $206,043,602 | 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: Whitmore Md Robert — $1,364,173 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Whitmore Md Robert | Neurosurgeon | 55 | $1,364,173 |
| Shekar Md Prem | Cardiothoracic Surgeon | 55 | $1,350,967 |
| Yew Md Andrew | Neurosurgeon | 55 | $1,117,884 |
| Ghogawala Md Zoher | Neurosurgeon | 55 | $1,108,428 |
| Magge Md Subu | Neurosurgeon | 55 | $953,435 |
| Marx Md Jeffrey L | Frmr Interim Chair, Dept of Medicine | 0 | $837,301 |
| Mourtzinos Md Arthur P | Trustee; Urologist | 55 | $802,422 |
| Creighton Md Malcolm | Hosp Based Svcs & Emerg Med Chair | 55 | $665,572 |
| Brams Md David | Trustee (president, Medical Staff) | 55 | $627,872 |
| Sorcini Md Andrea P | Trustee; Msa President and Urologist | 55 | $613,804 |
| Hunter Md Alice A | Trustee; Orthopaedic Surgeon | 55 | $559,737 |
| Rosenblatt Md Michael S | Former Cmo Hospital | 0 | $540,334 |
| Srinivasan Md Jayashri | Trustee; Division Chair Neurology | 55 | $479,202 |
| Winger Md Christine | Trustee, Physician | 55 | $476,807 |
| Aquino Md Patrick | Ttee; Lci Division Chair, Psychiatry | 55 | $425,505 |
| Crawford Md Betsey | Ttee; Physician, Internal Medicine | 55 | $251,035 |
| D'agostino Md Richard S | Trustee, Physician | 55 | $63,460 |
| Alexander Paul | Trustee | 1 | — |
| Baciarelli Renato Val | Interim Svp, Coo | 1 | — |
| Bennett Kevin | Frmr Asst Treas (ex-off) & Cfo | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Beth Israel Lahey Health Inc | Professional & Other Services | $275,629,778 |
| Lubin & Meyer PC | Legal Services | $6,500,000 |
| Medicus Hospitalists LLC | Staffing Services | $1,265,179 |
| Chg Companies Inc | Staffing Services | $1,241,678 |
| Quest Healthcare Solutions LLC | Medical Supplies & Services | $984,871 |
Grants received · $1.9M total
36 grants to Lahey Clinic Inc totaling $1.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Board of Medical Examiners | Grant - see part iv | 2024 | $20,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant fy25 | 2024 | $12,500 |
| Vanderbilt University Medical Center | Research | 2023 | $217,732 |
| Boston Medical Center Corporation | Subaward | 2023 | $65,238 |
| Trustees of Boston University | Research | 2023 | $51,113 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $37,500 |
| Association of American Medical Colleges | Medical education in telehealth | 2023 | $27,000 |
| Northeastern University | Sub-award | 2023 | $13,582 |
| Vanderbilt University Medical Center | Research | 2022 | $141,937 |
| Trustees of Boston University | Research research | 2022 | $93,183 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy23 center of excellence/research | 2022 | $25,000 |
| Boston Medical Center Corporation | Subaward | 2022 | $11,704 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $11,500 |
| Trustees of Tufts College | Subcontract grant award | 2022 | $7,500 |
| Vanderbilt University Medical Center | Research | 2021 | $346,680 |
Grants made · $164K in FY2023
8 grants totaling $164K in FY2023. All grants made by Lahey Clinic Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Peabody Education Foundation | Care access and/or to address other identified community health needs | $35,951 |
| Trustees of Boston University | Medical research | $30,342 |
| Housing Corporation of Arlington | Care access and/or to address other identified community health needs | $30,000 |
| Trustees of Tufts College | Care access and/or to address other identified community health needs | $21,000 |
| American Heart Association Inc | Care access and/or to address other identified community health needs | $15,000 |
| Newhall Fields Community Farm Inc | Care access and/or to address other identified community health needs | $15,000 |
| Sutton Residence For Women In Peabody | Care access and/or to address other identified community health needs | $10,000 |
| Harvard Pilgrim Health Care Inc | Medical research | $6,668 |
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Compare Lahey Clinic Inc
Frequently asked questions
- Is Lahey Clinic Inc a legitimate nonprofit?
- Yes. Lahey Clinic Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2704683, based in Burlington, Massachusetts. Donations are tax-deductible.
- What is Lahey Clinic Inc's EIN?
- Lahey Clinic Inc's Employer Identification Number (EIN) is 04-2704683.
- How much revenue does Lahey Clinic Inc report?
- Lahey Clinic Inc reported $376,718,300 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lahey Clinic Inc's spending goes to programs?
- Lahey Clinic Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lahey Clinic Inc have?
- CharityIndex grades Lahey Clinic Inc B+, based on program efficiency and fundraising cost.
- How much does Lahey Clinic Inc's highest-paid employee make?
- The highest reported compensation on Lahey Clinic Inc's latest Form 990 is $1,364,173, paid to Whitmore Md Robert (Neurosurgeon).
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Data for Lahey Clinic Inc (EIN 04-2704683) 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.