Umass Memorial Health Care Inc
88% goes to programs $8 to raise $100 Strong reserves Growing revenue
Umass Memorial Health Care Inc is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 2000, with $692,531,729 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
100 Front St Ste 200, Worcester, MA, 01608 EIN 04-3358566 Since 2000
Revenue (FY2023)
$692.5M
▲ 22.9% vs prior year
Health median: $840K
Expenses (FY2023)
$684.3M
Net assets
$974.5M
Employees
2,427
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 rating88% to programs · $8 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 Umass Memorial Health Care Inc: 88% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +1% 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 Umass Memorial Health Care Inc: 17 mo reserves · +1% 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 Umass Memorial Health 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 Umass Memorial Health Care 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
To support, develop and coordinate an integrated health care delivery system that includes multiple health care facilities and providers. to receive in trust, from whatever source, and administer gifts and grants, whether restricted or for a specific purpose. to promote services and programs that are charitable, scientific or educational and that address the physical and mental needs of the community at large, provided the corporation shall operate exclusively for the benefit of the medical center and other charitable organizations or hospitals that are under common control.
Contact & location
- Address
- 100 Front St Ste 200, Worcester, MA, 01608
- City
- Worcester
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $229.8M (FY2013) to $692.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.3BNet assets $974.5M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.3B
Total liabilities
$1.3B
Net assets
$974.5M
Salaries & benefits
$260.0M
38% of expenses
Board members
17
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $692,531,729▲22.9% | $684,274,355▲27.0% | $974,518,004▲40.5% | $2,279,779,491▲21.3% | 990 |
| 2022 | $563,656,357▲16.0% | $538,975,429▲4.2% | $693,439,669▲23.1% | $1,878,775,973▲2.1% | 990 |
| 2021 | $486,009,918▲6.1% | $517,187,036▲15.8% | $563,245,730▲25.9% | $1,839,772,366▲25.1% | 990 |
| 2020 | $457,890,056▲11.6% | $446,806,062▲12.1% | $447,436,500▲75.0% | $1,470,153,319▲61.6% | 990 |
| 2019 | $410,243,999▲2.6% | $398,486,852▲0.8% | $255,674,658▼51.5% | $909,920,912▲2.7% | 990 |
| 2018 | $399,681,870▼3.1% | $395,288,746▲9.7% | $527,666,223▲10.5% | $885,822,460▲27.0% | 990 |
| 2017 | $412,349,603▲46.3% | $360,364,061▲43.6% | $477,522,064▼2.0% | $697,446,791▲21.1% | 990 |
| 2016 | $281,818,003▲26.8% | $251,018,368▲13.5% | $487,241,925▲53.3% | $575,845,502▲43.8% | 990 |
| 2015 | $222,310,564▲9.5% | $221,258,013▲24.5% | $317,765,779▲30.1% | $400,352,629▲18.4% | 990 |
| 2014 | $202,996,073▼11.7% | $177,704,781▼15.4% | $244,277,556▲0.2% | $338,132,190▲1.3% | 990 |
| 2013 | $229,817,014 | $210,037,099▼7.6% | $243,830,048▲44.9% | $333,779,202▲41.5% | 990 |
| 2012 | — | $227,226,308▲2.6% | $168,330,329▲41.5% | $235,888,083▲14.3% | 990 |
| 2011 | — | $221,453,895▲9.7% | $118,963,921▲1.3% | $206,354,442▲13.1% | 990 |
| 2010 | — | $201,925,213▲5.5% | $117,409,052▲0.2% | $182,508,694▲3.4% | 990 |
| 2009 | — | $191,392,642 | $117,129,818 | $176,528,556 | 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: Eric W Dickson Md — $3,438,759 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric W Dickson Md | President, Ceo, Director, Umm Health Care, Inc. | 40 | $3,438,759 |
| Sergio Melgar | Evp/cfo/treasurer, Umm Health Care, Inc. Officer | 40 | $1,815,312 |
| Douglas S Brown | Secretary Until 9/2024, Umm Health Care, Inc. | 40 | $1,472,173 |
| Katharine Bolland Eshghi | Assistant Secretary, Umm Health Care, Inc. | 40 | $871,851 |
| Eric J Alper Md | Svp Cqo & Chf Informatics Off | 40 | $805,013 |
| Robin L Sodano | Svp, Information Systems | 40 | $748,860 |
| Tod Wiesman | Svp Chief Hr Officer | 40 | $677,305 |
| Kathleen Driscoll | Svp, Chief Philanthrophy Ofc | 40 | $636,426 |
| Catherine Rossi | Svp Health System Contracting | 40 | $523,448 |
| Latamara Lundi | President Communty Healthlink Until 9/2023 | 0 | $495,409 |
| Brian Huggins | Svp Finance/corporate Controller | 40 | $494,716 |
| John R Salzberg | Former Svp, System Rev Cycle Ops & Cro Until 9/2023 | 0 | $468,686 |
| Brian K Gibbs | Vp Chief Div Eqty Incl Ofc | 40 | $439,998 |
| Victoria Mccandless | Vp Sys Ceo Comm Ofc/assoc Cos | 40 | $425,278 |
| Judith Taylor Patel | Vp Interim Chief Mktg Ofc | 40 | $420,297 |
| Jeanne Shirshac | Treasurer, Umm Accountable Care Organization, Inc. | 40 | $418,135 |
| John T Randolph | Vp, Chief Corporate Compliance | 40 | $407,405 |
| Robert A Klugman Md | Avp Med Dir, Ehs & Occ Hlth | 40 | $406,233 |
| Catheryn C Mcevoy | Vp Corporate Relations | 40 | $403,062 |
| Bart Metzger | Former Svp, Chief Hr Officer Until 9/30/2022 | 0 | $391,038 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Crothall Hlthcare Inc | Clinical Engineering Services | $19,864,733 |
| Vizient Inc | Supply Chain Services | $5,593,061 |
| Medix Staffing Solutions Inc | Staffing Services | $5,119,861 |
| Nordic Consulting Partners Inc | Consulting Services | $4,811,112 |
| Cei Grp Inc | Staffing Services | $4,161,097 |
Grants received · $13.2M total
37 grants to Umass Memorial Health Care Inc totaling $13.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $75,000 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $15,000 |
| Fallon Community Health Plan Inc | General support | 2024 | $15,000 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $10,000 |
| Tufts Health Public Plans Inc | Sponsorship: various events | 2024 | $7,500 |
| President and Fellows of Harvard College | Sponsored research sub-award | 2023 | $1,802,395 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $139,450 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $25,000 |
| Fallon Community Health Plan Inc | General support | 2023 | $16,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Tufts Health Public Plans Inc | Sponsorship: health equity | 2023 | $7,500 |
| Donor Advised Charitable Giving | Health | 2023 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $328,584 |
Grants made · $5.5M in FY2023
18 grants totaling $5.5M in FY2023 — showing the 15 largest. All grants made by Umass Memorial Health Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Umass Chan Medical School Foundation Inc | Endowment agreement to support new academic department chairs | $5,000,000 |
| City of Worcester | Donation to establish worcester health equity fund $52,500 & support youth opportunities$60k | $112,500 |
| Community Legal Aid Inc | Support medical legal partnership between umass memorial & community legal aid | $90,000 |
| Worcester Railers Hc Charitable Foundation Inc | Hockey sponsorship | $87,500 |
| Healthcare Anchor Network Inc | Support national organizations for anchor mission institutions | $50,000 |
| Milford Regional Healthcare Founation Inc | Transfer to related organization for golf tournament $10k & fundraiser for milford hospital $25k | $35,000 |
| Regional Environmental Council Inc | Support community benefits | $30,000 |
| Umass Chan Medical School Foundation Inc | Support cancer walk | $25,000 |
| South Middlesex Opportunity Council Inc | Support medical respite bed pilot program -access to care for homelessness | $15,000 |
| Umass Memorial Health Care Inc | Transfer to related organization for golf tournament | $15,000 |
| African Community Education Program | Support worcester rise health clinic - migrant support | $15,000 |
| Massachusetts Health Council Inc | Support for public health mission for massachusetts | $15,000 |
| My Health Matters Inc | Support medical mission to ghana as part of ummh parnership with worcester ghaniaian community | $15,000 |
| Umass Memorial Health Care Inc | Transfer to related organization for golf tournament | $12,000 |
| United Way of Central Massachusetts Inc | Support for community leadership/stewardship | $10,000 |
Similar organizations in Health
Health
Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc
Boston, MA
$714.6M
Aannual revenue
Health
Berkshire Medical Center Inc
Pittsfield, MA
$757.5M
A+annual revenue
Health
The Lowell General Hospital
Lowell, MA
$605.3M
Aannual revenue
Health
Northeast Hospital Corporation
Beverly, MA
$537.4M
Aannual revenue
Health
Beth Israel Lahey Health Inc Hcsr
Cambridge, MA
$876.1M
C+annual revenue
- Health
Mgb Pooled Holdings LLC
Somerville, MA
$892.1M
Aannual revenue
Health
South Shore Hospital Inc
S Weymouth, MA
$895.9M
Aannual revenue
Health
Harvard Pilgrim Health Care of New England Inc
Canton, MA
$466.2M
B+annual revenue
- Health
Childrens Hospital Pediatric Associates Inc
Boston, MA
$454.9M
Aannual revenue
Health
Baystate Medical Practices Inc
Springfield, MA
$444.9M
C+annual revenue
Compare Umass Memorial Health Care Inc
Frequently asked questions
- Is Umass Memorial Health Care Inc a legitimate nonprofit?
- Yes. Umass Memorial Health Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3358566, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Umass Memorial Health Care Inc's EIN?
- Umass Memorial Health Care Inc's Employer Identification Number (EIN) is 04-3358566.
- How much revenue does Umass Memorial Health Care Inc report?
- Umass Memorial Health Care Inc reported $692,531,729 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Umass Memorial Health Care Inc's spending goes to programs?
- Umass Memorial Health Care Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Umass Memorial Health Care Inc have?
- CharityIndex grades Umass Memorial Health Care Inc A, based on program efficiency and fundraising cost.
- How much does Umass Memorial Health Care Inc's highest-paid employee make?
- The highest reported compensation on Umass Memorial Health Care Inc's latest Form 990 is $3,438,759, paid to Eric W Dickson Md (President, Ceo, Director, Umm Health Care, Inc.).
More nonprofits in Worcester
Explore more
Data for Umass Memorial Health Care Inc (EIN 04-3358566) 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.