Lahey Health Shared Services Inc
Only 14% goes to programs Declining revenue
Lahey Health Shared Services Inc is a 501(c)(3) organization based in Burlington, Massachusetts, registered in 1994, with $424,611 in FY2023 revenue. CharityIndex grades it C, and it directs about 14% of spending to programs.
41 Mall Rd, Burlington, MA, 01805 EIN 04-3178972 Since 1994
Revenue (FY2023)
$425K
▼ 95.8% vs prior year
Health median: $840K
Expenses (FY2023)
$0
Net assets
-$1,080
Employees
1,041
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating14% 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 Lahey Health Shared Services Inc: 14% to programs earns a F on this criterion. See the exact thresholds →
—Financial health25% of the ratingNo headline financials
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. Not scored for Lahey Health Shared Services Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BGovernance25% of the rating4 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 Health Shared Services Inc: 4 of 6 checks met earns a B 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 Lahey Health Shared Services Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
Contact & location
- Address
- 41 Mall Rd, Burlington, MA, 01805
- City
- Burlington
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $10.8M (FY2013) to $425K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $33.9MNet assets -$1,080
Operating margin
100.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$33.9M
Total liabilities
$33.9M
Net assets
-$1,080
Salaries & benefits
$0
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $424,611▼95.8% | $0▼100% | -$1,080 | $33,856,222▼24.2% | 990 |
| 2022 | $10,102,180▼82.6% | $9,236,681▼83.9% | -$1,080 | $44,674,305▼50.4% | 990 |
| 2021 | $57,936,844▼25.1% | $57,351,590▼26.8% | $0 | $90,062,817▼20.4% | 990 |
| 2020 | $77,377,818▼58.7% | $78,388,760▼58.2% | $0 | $113,161,990▲51.2% | 990 |
| 2019 | $187,470,009▼8.1% | $187,470,009▼8.1% | $0▲100% | $74,834,063▲9.1% | 990 |
| 2018 | $204,030,123▲6.7% | $204,030,123▲6.7% | -$2 | $68,604,890▼18.1% | 990 |
| 2017 | $191,257,575▲3.6% | $191,257,575▲3.6% | -$2▼100% | $83,731,433▼36.7% | 990 |
| 2016 | $184,606,451▼3.0% | $184,606,452▼8.8% | -$1▲100.0% | $132,270,552▲40.7% | 990 |
| 2015 | $190,306,116▲11.2% | $202,388,215▲11.9% | -$21,692,692▼126% | $94,000,049▲32.2% | 990 |
| 2014 | $171,180,323▲1486% | $180,790,916▲1575% | -$9,610,593 | $71,102,112▲24.6% | 990 |
| 2013 | $10,795,935 | $10,795,935 | $0▼100% | $57,070,102▲419% | 990 |
| 2011 | — | $0 | $10,989,707▲22.4% | $10,989,707▲22.4% | 990 |
| 2010 | — | $0 | $8,981,548 | $8,981,548 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Katz Esq Jamie | Ttee &clerk (ex-o); Gen Counsel Bilh | 1 | — |
| Rios Cindy | Ttee & Treas (exec Vp & Cfo, Bilh) | 1 | — |
| Tabb Md Kevin | Ttee/ Chair/pres & Ceo (ceo, Bilh) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Beth Israel Lahey Health Inc | Professional & Other Services | $15,940,379 |
| Bca Financial Services Inc | Billing Services | $2,974,889 |
| Cardinal Health Inc | Healthcare Services | $2,235,494 |
| Medtronic USA Inc | Medical Supplies | $2,166,091 |
| Healthcare Workforce Logistics LLC | Staffing Services | $1,864,043 |
Grants received · $86K total
4 grants to Lahey Health Shared Services Inc totaling $86K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Massachusetts League of Community Health Centers Inc | Dsrip special project | 2021 | $10,000 |
| Massachusetts League of Community Health Centers Inc | Dsrip special project | 2020 | $40,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $26,000 |
| Boston Foundation Inc | Health care | 2015 | $10,000 |
Similar organizations in Health
Health
Wellness Collaborative Inc
Roxbury, MA
$424K
C+annual revenue
Health
Joint Committee For Childrens Health Care In Everett
Everett, MA
$423K
C+annual revenue
- Health
Care To Share Smile
Brookline, MA
$422K
C+annual revenue
- Health
Family Health Project Inc
Manchester, MA
$428K
Bannual revenue
Health
Healing Across the Divides Inc
Northampton, MA
$429K
Bannual revenue
Health
American Academy of Family Physicans
Waltham, MA
$417K
Bannual revenue
Health
International Consortium On Newborn Sequencing Inc
Charlestown, MA
$408K
Bannual revenue
Health
American Society of Law Medicine & Ethics Inc
Boston, MA
$443K
C+annual revenue
Health
Massachusetts Sickle Cell Association Inc
Boston, MA
$448K
Bannual revenue
- Health
Marthas Vineyard Law Enforcement Council Inc
Edgartown, MA
$452K
C+annual revenue
Compare Lahey Health Shared Services Inc
Frequently asked questions
- Is Lahey Health Shared Services Inc a legitimate nonprofit?
- Yes. Lahey Health Shared Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3178972, based in Burlington, Massachusetts. Donations are tax-deductible.
- What is Lahey Health Shared Services Inc's EIN?
- Lahey Health Shared Services Inc's Employer Identification Number (EIN) is 04-3178972.
- How much revenue does Lahey Health Shared Services Inc report?
- Lahey Health Shared Services Inc reported $424,611 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lahey Health Shared Services Inc's spending goes to programs?
- Lahey Health Shared Services Inc spends about 14% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lahey Health Shared Services Inc have?
- CharityIndex grades Lahey Health Shared Services Inc C, based on program efficiency and fundraising cost.
- How much does Lahey Health Shared Services Inc's highest-paid employee make?
- The highest reported compensation on Lahey Health Shared Services Inc's latest Form 990 is $0, paid to Katz Esq Jamie (Ttee &clerk (ex-o); Gen Counsel Bilh).
More nonprofits in Burlington
Explore more
Data for Lahey Health Shared Services Inc (EIN 04-3178972) 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.