Civic Intelligence

Tufts Medical Center Group Return

990 • Fiscal year 2019 • EIN 27-0440772

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

800 Washington Street Box 468Boston, MA 02111-1533

(617) 636-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.79x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.74x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Net Margin

32nd percentile

3.5%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Top Officer Pay

46th percentile

$1,677,145

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

7.6%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Up

$944,608,833

Up $94,422,884 (+11%) from 2018

Net Assets

Down

$195,708,884

Down $24,826,714 (-11%) from 2018

Liabilities

Up

$748,899,949

Up $119,249,598 (+19%) from 2018

Revenue

Up

$1,014,827,874

Up $71,724,536 (+7.6%) from 2018

Expenses

Up

$979,577,370

Up $66,775,058 (+7.3%) from 2018

Net Income

Up

$35,250,504

Up $4,949,478 (+16%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0-$500MAssets 2010: $458,815,548Liabilities 2010: $382,806,298Net Assets 2010: $76,009,2502010Assets 2011: $555,941,042Liabilities 2011: $466,844,206Net Assets 2011: $89,096,8362011Assets 2012: $673,819,438Liabilities 2012: $571,540,073Net Assets 2012: $102,279,3652012Assets 2013: $780,708,980Liabilities 2013: $627,986,009Net Assets 2013: $152,722,9712013Assets 2014: $781,850,694Liabilities 2014: $600,924,942Net Assets 2014: $180,925,7522014Assets 2015: $759,012,684Liabilities 2015: $611,129,303Net Assets 2015: $147,883,3812015Assets 2016: $766,547,685Liabilities 2016: $626,481,946Net Assets 2016: $140,065,7392016Assets 2017: $820,924,217Liabilities 2017: $650,128,739Net Assets 2017: $170,795,4782017Assets 2018: $850,185,949Liabilities 2018: $629,650,351Net Assets 2018: $220,535,5982018Assets 2019: $944,608,833Liabilities 2019: $748,899,949Net Assets 2019: $195,708,8842019Assets 2020: $1,246,969,068Liabilities 2020: $999,945,657Net Assets 2020: $247,023,4112020Assets 2021: $1,224,233,367Liabilities 2021: $829,357,133Net Assets 2021: $394,876,2342021Assets 2022: $939,808,476Liabilities 2022: $881,842,503Net Assets 2022: $57,965,9732022Assets 2023: $1,132,376,673Liabilities 2023: $920,950,444Net Assets 2023: $211,426,2292023Assets 2024: $965,407,026Liabilities 2024: $1,172,186,879Net Assets 2024: -$206,779,8532024

Highlighted filing

2019

Assets$944,608,833
Liabilities$748,899,949
Net Assets$195,708,884

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5B$1.0B$500M$0-$500MExpenses 2010: $666,143,4122010Expenses 2011: $693,266,4082011Expenses 2012: $689,769,7082012Expenses 2013: $693,380,0632013Revenue 2014: $756,927,180Expenses 2014: $722,308,827Net Income 2014: $34,618,3532014Revenue 2015: $743,296,468Expenses 2015: $751,423,738Net Income 2015: -$8,127,2702015Revenue 2016: $812,077,116Expenses 2016: $787,792,051Net Income 2016: $24,285,0652016Revenue 2017: $863,302,028Expenses 2017: $834,490,271Net Income 2017: $28,811,7572017Revenue 2018: $943,103,338Expenses 2018: $912,802,312Net Income 2018: $30,301,0262018Revenue 2019: $1,014,827,874Expenses 2019: $979,577,370Net Income 2019: $35,250,5042019Revenue 2020: $1,060,495,385Expenses 2020: $1,020,720,026Net Income 2020: $39,775,3592020Revenue 2021: $1,213,600,470Expenses 2021: $1,076,105,831Net Income 2021: $137,494,6392021Revenue 2022: $1,159,688,990Expenses 2022: $1,269,612,025Net Income 2022: -$109,923,0352022Revenue 2023: $1,300,641,648Expenses 2023: $1,323,156,428Net Income 2023: -$22,514,7802023Revenue 2024: $1,379,611,248Expenses 2024: $1,381,312,086Net Income 2024: -$1,700,8382024

Highlighted filing

2019

Revenue$1,014,827,874
Expenses$979,577,370
Net Income$35,250,504
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.2
Gross Receipts
$1,015,680,518
Mission and Program Overview

Mission

We strive to heal, to comfort, to teach, to learn, and to seek the knowledge to promote health and to prevent disease. Our patients and their families are at the center of everything we do. See part iii.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$400,407,053$476,280,468▲ $75,873,415
Land, Buildings, and Equipment, Net$153,313,304$189,665,988▲ $36,352,684
Accounts Receivable$111,881,421$100,534,958▼ $11,346,463
Savings and Temporary Cash Investments$45,837,141$39,378,705▼ $6,458,436
Cash and Non-Interest-Bearing Accounts$19,639,109$20,829,965▲ $1,190,856
Inventories for Sale or Use$12,814,276$14,042,695▲ $1,228,419
Pledges and Grants Receivable$10,092,816$10,425,570▲ $332,754
Investments Other Securities$4,400,000$6,758,000▲ $2,358,000
Prepaid Expenses and Deferred Charges$5,772,798$6,719,474▲ $946,676
Intangible Assets$159,871$118,908▼ $40,963
Total Assets$850,185,949$944,608,833▲ $94,422,884
Other Assets Total$85,868,160$79,854,102▼ $6,014,058
Liabilities
Other Liabilities$270,877,071$367,240,340▲ $96,363,269
Tax Exempt Bond Liabilities$220,550,494$243,383,090▲ $22,832,596
Accounts Payable and Accrued Expenses$108,437,605$107,685,279▼ $752,326
Deferred Revenue$29,749,629$30,591,240▲ $841,611
Unsecured Notes Loans Payable$35,552$0▼ $35,552
Total Liabilities$629,650,351$748,899,949▲ $119,249,598
Net Assets / Fund Balance
Unrestricted Net Assets$209,566,172$183,478,059▼ $26,088,113
Permanently Rstr Net Assets$6,131,976$6,594,679▲ $462,703
Temporarily Rstr Net Assets$4,837,450$5,636,146▲ $798,696
Total Net Assets Fund Balance$220,535,598$195,708,884▼ $24,826,714
Total Liabilities and Net Assets / Fund Balance$850,185,949$944,608,833▲ $94,422,884

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,973,462$235,371,872$284,345,334
Buildings$98,346,312$132,094,083$230,440,395
Other Land Buildings$28,178,339-$28,178,339
Leasehold Improvements$2,455,508$11,546,725$14,002,233
Land$11,712,367-$11,712,367
Other Assets Org$569,250--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$6,201,000$463,000▲ $12,000$9,000$6,667,000
2017$6,071,000$107,000▲ $33,000$10,000$6,201,000
2016$5,485,000$562,000▲ $43,000$19,000$6,071,000
2015$5,462,000$13,000▲ $27,000$17,000$5,485,000
2014$5,418,000$51,000▲ $8,000$15,000$5,462,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph Frolkis MdTrustee/president/CEOFT$552,259$161,404$713,663
Therese Hudson-jinksSenior VP and CNOFT$489,965$204,885$694,850
Kristine M HanscomSenior VP/treasurer/CFO/trusteeFT$453,135$236,705$689,840
Jatin Dave MdTrusteeFT$377,317$109,098$486,415
Sean SullivanVP Human Resources (until 1/19)FT$343,901$135,231$479,132
Maura LynchVP for DevelopmentFT$351,937$122,686$474,623
Margaret CostelloTrustee/COOFT$350,403$102,466$452,869
Catherine Bukowski Until 719VP Revenue CycleFT$289,432$100,533$389,965
Susan BlanchardVP for Research AdministrationFT$238,304$146,217$384,521
Michael Crowley Until 1118VP Real Estate & FacilitiesFT$181,157$189,295$370,452
Nancy WetherbeeDirector of OrbitFT$239,592$115,733$355,325
Nathan GagneCFO/treasurerFT$268,613$64,456$333,069
Sarah MckayVP Perioperative ServicesFT$232,709$93,109$325,818
Ross ThompsonVP & Chief Pharmacy OfficerFT$262,264$62,147$324,411
Justin PrecourtAssociate Chief Nursing OfficerFT$263,356$54,375$317,731
Jeffrey SyrekVP Sys ContractingFT$236,913$79,562$316,475
Kelly DoughertyVP CardiovascularFT$219,710$92,043$311,753
Zachary RedmondSecretaryFT$228,575$81,615$310,190
Marcy CassVP Risk ManagementFT$227,776$67,010$294,786
Patricia HaywardFormer VP Human Resources/risk Mg-$283,407$290,419$290,419
Michael ApkonTrustee/CEO/presidentFT$221,028$29,562$250,590
Brooke Tyson-hynesVP Public AffairsPT$156,570$62,410$218,980
ELLEN O'GORMANCEO-$156,178-$156,178

Board Members and Trustees

NameTitle
Joseph P CampanelliTrustee/chair
Michael Wagner MdFormer Trustee/president/CEO
Craig Best MdTrustee/president & CEO - PO
Ellen M ZaneTrustee/vice Chair
Genia LongTrustee/vice Chair
Charles Cassidy MdFormer Trustee
Normand DescheneFormer Trustee
Rashed Durgham MdFormer Trustee
Andrew Romanowsky MdTrustee
Anthony P Monaco Md PhdTrustee
Chester BlackTrustee
Dan Driscoll MdTrustee
David Criss MdTrustee
David Schroeder MdTrustee
Deeb N Salem MdTrustee
Dhiren SutariaTrustee
Eleanor MorescoTrustee
Eric Silverman MdTrustee
Harris Berman MdTrustee
Jeff ShamesTrustee
Jenny S Chiang MdTrustee
John MooreTrustee
K Erik Henrikson MdTrustee
Kanu Patel MdTrustee
Karen Freund MdTrustee
Kelli Kennedy MdTrustee
Margaret Brown EsqTrustee
Mark Collins MdTrustee
Mark RosenTrustee
Mark Singh MdTrustee
Marvin a Konstam MdTrustee
Matthew LarkinTrustee
Michael Newman MdTrustee
Michele Crage MdTrustee
Paul NasserTrustee
Paul Summergrad MdTrustee
ROBERT D'AGOSTINO MDTrustee
Regina RockefellerTrustee
Stanley GoldsteinTrustee
Steve Golden MdTrustee
Thomas Costello MdTrustee
Timothy Tierney MdTrustee
William C Mackey MdTrustee
Elizabeth Burba MdTrustee (until Aug. 2019)
Yvonne GarciaTrustee (until Dec. 2018)
Charles R Whipple EsqTrustee/secretary
Jeffrey a WeinsteinTrustee/senior VP/secretary
Saul WeingartCheif Medical Officer
William Shickolovich Thru 118Senior VP Operations Mgmt/CIO
Deborah Joelson Until 118Sr. VP Strategic Services

Highest Paid Contractors

ContractorServicesLocationCompensation
Tufts Shared ServicesUtilities & Parking171 HARRISON AVE, Boston, MA 02111$16,686,446
Pratt Medical Group INCPhysician Services800 WASHINGTON STREET, Boston, MA 02111$9,221,502
Pratt Anesthesiology Association INCPhysician Services800 WASHINGTON STREET, Boston, MA 02111$7,248,332
Cardiovascular Center At Tufts Medical CPhysician Services800 WASHINGTON STREET, Boston, MA 02111$6,478,803
Tufts University School Of MedicineResearch Services145 HARRISON AVE, Boston, MA 02110$5,555,339
Revenue and Support

Revenue Composition

Contributions and Grants
$46,728,560
Program Service Revenue
$959,004,182
Investment Income
$8,112,667
Other Revenue
$982,465
All Other Contributions
$7,276,494
Change in Net Assets
$35,250,504

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$257,145Fair Market Value (FMV)
Total Noncash Contributions12$257,145-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$509,863,603
Salaries, Compensation, and Employee Benefits$469,710,767
Total Fundraising Expense$2,391,776
Professional Fundraising Fees$3,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$318,223,254$53,882,641$918,246$373,024,141
Fees for Services Other$47,042,320$27,786,743$559,120$75,388,183
Other Employee Benefits$36,656,238$10,817,151$360,819$47,834,208
Occupancy$18,738,289$20,869,090$1,201$39,608,580
Payroll Taxes$23,139,307$8,248,463-$31,387,770
All Other Expenses$9,532,314$17,749,301$51,045$27,332,660
Depreciation Depletion$14,055,922$9,679,496$2,963$23,738,381
Interest$18,355,619--$18,355,619
Other Expenses$5,897,409$7,374,780$503$13,272,692
Pension Plan Contributions$6,656,136$2,297,935-$8,954,071
Current Officers, Directors, Trustees, and Key Employees$1,217,000$6,875,457$418,120$8,510,577
Office Expenses$5,214,692$2,922,009$44,137$8,180,838
Advertising$2,376,590$898,287-$3,274,877
Insurance$2,987,891$90,992-$3,078,883
Fees for Services Legal$470,177$2,051,907-$2,522,084
Information Technology$1,697,536$467,390$8,702$2,173,628
Travel$1,601,647$250,672$23,920$1,876,239
Fees for Services Lobbying-$494,241-$494,241
Fees for Services Accounting-$401,998-$401,998
Conferences and Meetings$6,343--$6,343
Fees for Services Professional Fundraising--$3,000$3,000
Total Functional Expenses$802,815,072$174,370,522$2,391,776$979,577,370
International Activity

International Summary

Offices
0
Employees
0
Spending
$23,050,768

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesSelf-insurance00$22,970,768
Central America and the CaribbeanInvestments-00$80,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$411,796
Fundraising Gross Income$122,625
Professional Fundraising Fees$3,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Working Wonders$1,274,100$122,625$252,614$-129,989
Total Events$1,274,100$122,625$411,796$-289,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable Bonds$159,909,872
Estimated Third Party Payables$72,070,922
Pension Obligations$67,114,975
Professional Liability Costs$31,804,222
Lco Reserves$16,811,685
Due to Affiliates$11,970,492
Workers Compensation$5,398,454
Capital Lease Payable$1,896,634
Reserve for Tertiarty Discount$263,084

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Authority2019-02-20$230,260,000See supplemental information

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$247,886,139$159,332,179--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The cfo and controller review the form 990 with tax advisors from a national accounting firm. A copy of the form 990 as it will be ultimately filed is posted to an internal website. Prior to filing, the organization emails all of its governing body members a link to a password protected website, advising them that the form 990 is available for review on that site.

Form 990, Part VI, Section B, Line 12C

The organization enforces compliance by procedures including annual disclosure and review of such disclosure by management. Conflicts are resolved by the appropriate head of the department and reviewed by legal. The joint compliance committee will discuss any appeal.

Form 990, Part VI, Section B, Line 15

The executive compensation committee of the board of trustees met on december 12, 2018 to review executive compensation for 2018. Sullivan and cotter, an independent consultant to the board, provided a competitiveness assessment based on comparator information including national, northeast and boston area data. Total compensation for the executive group, including the president/ceo , coo and vice presidents, was determined to be conservative and well within market averages, the process has not changed since then. The last meeting was held december 12, 2018.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements will be made available to the public upon request either by mail or in person at the office, depending on the form of the request.

FORM 990, PART VI, SECTION B., LINE 16A:

Tufts medical center, inc. Holds a 65% interest in shields-tufts medical center imaging management, llc.

Filing and Contact Details

Filer

Filer Name
Tufts Medical Center Group Return
EIN
27-0440772
Phone
6176365000
Address
800 WASHINGTON STREET BOX 468, BOSTON, MA 02111-1533

Signing Officer

Name
Kristine Hanscom
Title
Senior VP, CFO & Treasurer
Phone
6176365000
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristine Hanscom
Voting Board Members
49
Independent Board Members
31
Employees
6,712
Volunteers
199

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

We strive to heal, to comfort, to teach, to learn, and to seek the knowledge to promote health and prevent disease. Our patients and their families are at the center of everything we do. We dedicate ourselves to furthering our rich tradition of health care innovation, leadership, charity and the highest standard of care to all in our community. To provide long-term care for children who are severely mentally handicapped and/or multiply physically handicapped. Rental service programs to promote the interest of tufts medical center, inc. And its affiliated organizations by acquiring, managing, maintaining, developing, leasing and disposing of real estate properties. New england quality care alliance, inc. Operates for the purpose of supporting activities of tufts medical center parent, inc. And its affiliates. New england quality care alliance accountable care, inc. Was formed to improve the health of patients and to enhance the patient's experience of care. Tufts medical center community care, inc. Works jointly with tufts medical center parent, inc. And its affiliates to develop, implement, and operate an integrated health care delivery system and to provide cost-effective and high-quality patient care within such system.

FORM 990, PART XI, LINE 9:

Transfer of net assets -19,788,000. Pension-related adjustments -34,712,000. Loss on extinguishment of debt -7,435,000. Other components of net periodic pension costs 202,000. Net assets released from restriction 1,669,000. Other adjustments 5,782.

Financial Statement Notes

PART V, LINE 4:

The organization's endowment consists of approximately 50 funds established for a variety of purposes. For the purposes of disclosure, endowment funds include donor-restricted endowment funds. The organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to the programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets.

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IRS990/ActivityOrMissionDesc0WE STRIVE TO HEAL, TO COMFORT, TO TEACH, TO LEARN, AND TO SEEK THE KNOWLEDGE TO PROMOTE HEALTH AND TO PREVENT DISEASE. OUR PATIENTS AND THEIR FAMILIES ARE AT THE CENTER OF EVERYTHING WE DO. SEE PART III.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0TUFTS SHARED SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PRATT MEDICAL GROUP INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PRATT ANESTHESIOLOGY ASSOCIATION INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3CARDIOVASCULAR CENTER AT TUFTS MEDICAL C
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4TUFTS UNIVERSITY SCHOOL OF MEDICINE
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IRS990/Desc0TUFTS MEDICAL CENTER, INC. LOCATED IN BOSTON, MA OPERATES A 415 BED ACUTE-CARE GENERAL HOSPITAL ESTABLISHED TO PROVIDE HEALTHCARE SERVICES PRIMARILY IN THE GREATER BOSTON AREA, WHICH ALSO ATTRACTS PATIENTS FROM ELSEWHERE IN NEW ENGLAND AND BEYOND.NEW ENGLAND LONG-TERM CARE, INC. OPERATES AN 80 BED NURSING HOME SPECIALIZING IN THE CARE OF CHILDREN WHO ARE SEVERELY MENTALLY HANDICAPPED AND/OR MULTIPLY PHYSICALLY HANDICAPPED.NEW ENGLAND QUALITY CARE ALLIANCE, INC. OPERATES FOR THE PURPOSE OF SUPPORTING ACTIVITIES OF TUFTS MEDICAL CENTER PARENT, INC. AND ITS AFFILIATES. NEQCA INTEGRATES COMMUNITY AND ACADEMIC PHYSICIANS DEDICATED TO PROVIDING COMPREHENSIVE, INNOVATIVE, HIGH QUALITY AFFORDABLE HEALTH CARE THAT BRINGS VALUE TO THEIR PATIENTS AND THE COMMUNITY, AND EXPANDS THE TEACHING AND RESEARCH MISSION OF TUFTS MEDICAL CENTER, INC.TUFTS MEDICAL CENTER REAL ESTATE COMPANY, INC. PROVIDES RENTAL SERVICE PROGRAMS TO PROMOTE THE INTEREST OF TUFTS MEDICAL CENTER, INC. AND ITS AFFILIATED ORGANIZATIONS BY ACQUIRING, MAINTAINING, MANAGING, DEVELOPING, LEASING, AND DISPOSING OF REAL ESTATE PROPERTY. EFFECTIVE JANUARY 1, 2019, TUFTS MEDICAL CENTER REAL ESTATE COMPANY, INC. MERGED INTO TUFTS MEDICAL CENTER, INC.NEW ENGLAND QUALITY CARE ALLIANCE ACCOUNTABLE CARE, INC. IS A NONPROFIT ACCOUNTABLE CARE ORGANIZATION FORMED TO IMPROVE THE HEALTH OF PATIENTS, AND TO ENHANCE THE PATIENT'S EXPERIENCE OF CARE AND THE REDUCTION OF THE PER CAPITA COST OF CARE, THROUGH INTEGRATED CARE COORDINATION, SHARED SAVINGS, AND QUALITY INCENTIVES.TUFTS MEDICAL CENTER COMMUNITY CARE, INC. WORKS JOINTLY WITH TUFTS MEDICAL CENTER PARENT, INC. AND AFFILIATES TO DEVELOP, IMPLEMENT, AND OPERATE AN INTEGRATED HEALTH CARE DELIVERY SYSTEM AND TO PROVIDE COST-EFFECTIVE AND HIGH-QUALITY PATIENT CARE WITHIN SUCH SYSTEM.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$965$1,172$207$1,380$1,381$1.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,132$921$211$1,301$1,323$22.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$940$882$58.0$1,160$1,270$110
2021Detailed filing. Detailed filing data is available for this year.$1,224$829$395$1,214$1,076$137
2020Detailed filing. Detailed filing data is available for this year.$1,247$1,000$247$1,060$1,021$39.8
2019Detailed filing. Detailed filing data is available for this year.$945$749$196$1,015$980$35.3
2018Detailed filing. Detailed filing data is available for this year.$850$630$221$943$913$30.3
2017Detailed filing. Detailed filing data is available for this year.$821$650$171$863$834$28.8
2016Detailed filing. Detailed filing data is available for this year.$767$626$140$812$788$24.3
2015Detailed filing. Detailed filing data is available for this year.$759$611$148$743$751$8.13
2014Detailed filing. Detailed filing data is available for this year.$782$601$181$757$722$34.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$781$628$153$693
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$674$572$102$690
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$556$467$89.1$693
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$459$383$76.0$666