Massachusetts Medical Society
501(c)(6)
Only null% goes to programs Strong reserves
Massachusetts Medical Society is a 501(c)(6) organization based in Waltham, Massachusetts, registered in 1994, with $148,660,138 in FY2024 revenue. CharityIndex grades it A.
860 Winter St, Waltham, MA, 02451 EIN 04-2050773 Since 1994
Revenue (FY2024)
$148.7M
▲ 7.7% vs prior year
Expenses (FY2024)
$132.9M
Net assets
$223.0M
Employees
462
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Massachusetts Medical Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +11% 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 Massachusetts Medical Society: 20 mo reserves · +11% margin earns a A 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 Massachusetts Medical Society: 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 Massachusetts Medical Society: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See form 990, part iii, line 1.
What they do
Education: together, mms and nejm group provide unparalleled content and education services to reach practicing health care professionals and improve patient care. the massachusetts medical society received accreditation with commendation by the accme and has maintained this certification of excellence since the program's inception. through our continuing medical education program (cme), the massachusetts medical society (mms) seeks to enable clinically relevant and valuable learning, framed by the best available evidence, designed to advance the quality, accessibility, safety, and cost-effectiveness of health care for patients and the public while promoting clinician professionalism and wellness. in summary, we seek to ensure optimal health and well-being of patients and providers.
Member services: the massachusetts medical society (mms) is the statewide professional association for physicians and medical students, supporting approximately 23,000 members. the mms is dedicated to educating and advocating for the physicians of massachusetts and patients locally and nationally. a leadership voice in health care, the mms contributes physician and patient perspectives to influence health-related legislation at the state and federal levels. through fy25, mms - the state's largest physician-led membership organization - continued to be a source of professional support and education for physicians while advocating for physicians and patients. members actively participated in advancing a range of mms initiatives and activities aligned with the organization's mission.
Contact & location
- Address
- 860 Winter St, Waltham, MA, 02451
- City
- Waltham
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $122.6M (FY2013) to $148.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $86.9MNet assets $223.0M
Operating margin
10.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$309.8M
Total liabilities
$86.9M
Net assets
$223.0M
Salaries & benefits
$80.6M
61% of expenses
Board members
27
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $148,660,138▲7.7% | $132,886,407▼0.3% | $222,972,453▲9.3% | $309,838,514▲5.0% | 990 |
| 2023 | $138,011,798▲9.7% | $133,285,279▼2.2% | $203,934,293▲11.0% | $295,176,920▲4.7% | 990 |
| 2022 | $125,843,070▼20.1% | $136,334,544▼0.6% | $183,698,597▼2.1% | $281,862,619▼5.5% | 990 |
| 2021 | $157,568,130▲13.0% | $137,145,677▼0.2% | $187,668,642▼6.0% | $298,279,224▼8.3% | 990 |
| 2020 | $139,442,743▲6.0% | $137,447,167▼3.7% | $199,587,973▲33.9% | $325,303,905▲13.4% | 990 |
| 2019 | $131,501,375▼2.7% | $142,729,781▲0.1% | $149,006,855▼16.0% | $286,857,197▼1.7% | 990 |
| 2018 | $135,083,380▼7.4% | $142,636,840▲6.0% | $177,426,155▼9.7% | $291,874,604▼3.6% | 990 |
| 2017 | $145,878,840▲12.4% | $134,510,829▲6.8% | $196,571,770▲4.8% | $302,796,191▼0.9% | 990 |
| 2016 | $129,809,306▼4.0% | $125,913,109▲2.5% | $187,623,349▲8.8% | $305,394,463▲7.3% | 990 |
| 2015 | $135,235,863▲1.1% | $122,845,528▲8.1% | $172,404,920▲2.1% | $284,501,751▲1.8% | 990 |
| 2014 | $133,781,111▲9.1% | $113,671,734▲4.7% | $168,903,608▼1.9% | $279,370,560▲1.1% | 990 |
| 2013 | $122,636,568 | $108,548,712▲2.0% | $172,126,297▲11.7% | $276,383,405▲5.7% | 990 |
| 2012 | — | $106,368,773▼0.5% | $154,163,713▲30.6% | $261,578,811▲5.1% | 990 |
| 2011 | — | $106,943,460▲7.7% | $118,018,448▼14.8% | $248,779,761▼2.5% | 990 |
| 2010 | — | $99,323,562▲1.1% | $138,567,780▲36.3% | $255,147,372▲17.5% | 990 |
| 2009 | — | $98,240,720 | $101,645,199 | $217,129,606 | 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 (FY2024)
Highest-paid: Lois Dehls Cornell — $686,768 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lois Dehls Cornell | Executive Vice President | 50 | $686,768 |
| Eric Joseph Rubin Md | Editor-in-chief | 50 | $657,559 |
| Theresa E Sciarappa | Senior Vp, Coo | 50 | $554,325 |
| David Sampson | Vp Nejm Group | 50 | $488,947 |
| Robert J Stuart | Vp / Chief Digital Offic | 50 | $456,917 |
| Mary Beth E Hamel Md | Executive Editor | 50 | $449,370 |
| James Phimister | Managing Director, New Business & Strategic Partne | 50 | $444,821 |
| Darren Taichman Md | Deputy Editor | 50 | $441,561 |
| Jeffrey M Drazen Md | Editor (current); Former E | 50 | $422,806 |
| Paul Shannon | Vice President, Finance | 50 | $365,546 |
| Hugh M Taylor | President | 20 | $138,542 |
| Barbara Spivak | Trustee, Former President | 0.3 | $100,438 |
| Olivia Liao | President-elect | 12 | $48,875 |
| Eli Freiman Md Faap | Speaker | 3 | $19,792 |
| Grayson Armstrong | Vice Speaker | 3 | $7,292 |
| Lee S Perrin | Secretary-treasurer | 12 | $2,083 |
| Ana-cristina Vasilescu Md | Trustee | 0.3 | — |
| Ann B Spires Md | Trustee | 0.3 | — |
| Charles Roussel Mba | Trustee | 0.3 | — |
| Christopher Garofalo Md | Trustee | 0.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Atypon Systems Inc | Web Development | $1,386,832 |
| Quad Graphics III Company | Printing Services | $1,013,399 |
| Hollister Staffing Inc | Staffing Support | $979,447 |
| Brigham & Women's Physicians Organizati | Editorial Consulting | $795,232 |
| Techlogix Inc | Technology Services | $771,314 |
Grants received · $85K total
2 grants to Massachusetts Medical Society totaling $85K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Kaiser Foundation Health Plan Inc | Nejm catalyst theme issue sponsorship | 2023 | $80,000 |
| The Lowell General Hospital | Sponsorship | 2018 | $5,000 |
Grants made · $518K in FY2024
5 grants totaling $518K in FY2024. All grants made by Massachusetts Medical Society →
| Recipient | Purpose | Amount |
|---|---|---|
| Physician Health Services Inc | Physician outreach services | $408,000 |
| Massachusetts Medical Benevolent Society | Financial relief | $50,000 |
| All Others (5000 Or Less) | Various | $29,382 |
| Boston Medical Library | Medical knowledge | $25,000 |
| Health Law Advocates Inc | Legal advocacy for medical services | $6,000 |
Frequently asked questions
- Is Massachusetts Medical Society a legitimate nonprofit?
- Yes. Massachusetts Medical Society is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 04-2050773, based in Waltham, Massachusetts.
- What is Massachusetts Medical Society's EIN?
- Massachusetts Medical Society's Employer Identification Number (EIN) is 04-2050773.
- How much revenue does Massachusetts Medical Society report?
- Massachusetts Medical Society reported $148,660,138 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Massachusetts Medical Society have?
- CharityIndex grades Massachusetts Medical Society A, based on financial health (reserves and operating margin).
- How much does Massachusetts Medical Society's highest-paid employee make?
- The highest reported compensation on Massachusetts Medical Society's latest Form 990 is $686,768, paid to Lois Dehls Cornell (Executive Vice President).
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Data for Massachusetts Medical Society (EIN 04-2050773) 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.