Point32health Inc
501(c)(4)Health
Only 0% goes to programs Strong reserves Declining revenue
Point32health Inc is a 501(c)(4) organization based in Canton, Massachusetts, registered in 2017, with -$552,030,268 in FY2024 revenue. CharityIndex grades it D, and it directs about 0% of spending to programs.
1 Wellness Way, Canton, MA, 02021 EIN 81-4089215 Since 2017
Revenue (FY2024)
-$552.0M
▼ 895.5% vs prior year
Health median: $840K
Expenses (FY2024)
$9.1M
Net assets
$1.5B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
FProgram efficiency40% of the rating0% 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 Point32health Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
FFinancial health25% of the rating1980 mo reserves · -102% 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 Point32health Inc: 1980 mo reserves · -102% margin earns a F 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 Point32health 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 Point32health Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 1 Wellness Way, Canton, MA, 02021
- City
- Canton
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $161K (FY2017) to -$552.0M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.4MNet assets $1.5B
Operating margin
-101.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$21.4M
Net assets
$1.5B
Salaries & benefits
$0
0% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$552,030,268▼895% | $9,109,862▼74.1% | $1,502,821,663▼27.2% | $1,524,215,390▼26.8% | 990 |
| 2023 | -$55,454,916▼312% | $35,168,849▲2721% | $2,063,961,793▼16.0% | $2,083,086,166▼15.3% | 990 |
| 2022 | -$13,473,446▼105% | $1,246,725▲19.9% | $2,458,005,979▼0.8% | $2,458,191,290▼0.8% | 990 |
| 2021 | $289,940,305▲124% | $1,040,051▼4.7% | $2,478,619,056▲110% | $2,478,649,185▲110% | 990 |
| 2018 | $129,396,754▲80232% | $1,091,686▼91.0% | $1,179,001,859▲12.0% | $1,180,093,544▲12.1% | 990 |
| 2017 | $161,078 | $12,134,456 | $1,052,741,715 | $1,052,741,715 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adam Scott | Svp, Pres Diver Bus (end 7/24) | 2.5 | — |
| Bertram L Scott | Lead Dir/vice Chr(start 10/24) | 1 | — |
| Cain Hayes | Dir. Pres. & Ceo (end 9/24) | 2.5 | — |
| Dean Peasley | Svp, Operations (end 4/24) | 2.5 | — |
| Eileen Auen | Executive Chair (start 9/24) | 2.5 | — |
| Elizabeth Bierbower | Director (start 6/24) | 1 | — |
| Gaurov Dayal Md | Director (start 6/24) | 1 | — |
| Gregory D Tranter | Director | 1 | — |
| Greg Shell | Director, Vice Chair | 1 | — |
| Hedwig Veith Whitney | Director | 1 | — |
| Irina Simmons | Director (end 6/24) | 1 | — |
| Joyce Murphy | Director (end 6/24) | 1 | — |
| Katie Catlender | Coo (start 1/24) | 2.5 | — |
| Kristin Lewis | Chief Pub & Comm Aff Officer | 2.5 | — |
| Mark Porter | Treasurer | 2.5 | — |
| Mary Mahoney | Former Svp, Clo | 0 | — |
| Michael J Mccolgan | Director | 1 | — |
| Michael Shea | Director | 1 | — |
| Michael Tarnoff Md | Director (start 12/24) | 1 | — |
| Patricia Blake | Former Svp, Pres Medicare | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jones Day | Legal Services | $1,921,768 |
| Deloittee Transactions Business A | Consulting Services | $1,900,734 |
| Eileen Auen | Board Member | $693,753 |
| Ernst Young LLP | Audit Services | $536,000 |
| Michael J Mccolgan | Board Member | $141,000 |
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Frequently asked questions
- Is Point32health Inc a legitimate nonprofit?
- Yes. Point32health Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 81-4089215, based in Canton, Massachusetts.
- What is Point32health Inc's EIN?
- Point32health Inc's Employer Identification Number (EIN) is 81-4089215.
- How much revenue does Point32health Inc report?
- Point32health Inc reported -$552,030,268 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Point32health Inc's spending goes to programs?
- Point32health Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Point32health Inc have?
- CharityIndex grades Point32health Inc D, based on program efficiency and fundraising cost.
- How much does Point32health Inc's highest-paid employee make?
- The highest reported compensation on Point32health Inc's latest Form 990 is $0, paid to Adam Scott (Svp, Pres Diver Bus (end 7/24)).
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Data for Point32health Inc (EIN 81-4089215) 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.