TUFTS MEDICINE INC Charity Report

Public IRS 990 nonprofit record

TUFTS MEDICINE INC

EIN 47-2250732 · Management & Technical Assistance - Health Care (E02)

What they do

OUR MISSION, VISION and VALUES ARE OUR GUIDING LIGHT. TOGETHER, WE BRING THEM to LIFE WITH OUR CARE, OUR ACTIONS, OUR LEARNING and OUR COMMITMENT to EXCELLENCE.AT TUFTS MEDICINE, WE KNOW THE POWER of COMMUNITY. ITS THAT FEELING of BEING WELCOMED and APPRECIATED for EXACTLY WHO YOU ARE. ITS THAT SENSE of CONNECTION IN SHARING DIVERSE STORIES and EXPERIENCES WITH COWORKERS, PATIENTS and THEIR FAMILIES. ITS THAT STRENGTH YOU GAIN to PURSUE YOUR PASSIONS, KNOWING YOUR TEAM is THERE to SUPPORT YOU EVERY STEP of THE WAY. THATS HEALTHCARE WITH HEART.WE COME FROM DIFFERENT BACKGROUNDS, CULTURES and BELIEFS, UNITED UNDER ONE MISSION: EMPOWERING PEOPLE to LIVE THEIR BEST LIVES BY REIMAGINING HEALTHCARE, ADVANCING KNOWLEDGE and PIONEERING DISCOVERY. BY WORKING TOGETHER, WE CAN REALIZE OUR VISION of CREATING THE MOST EQUITABLE and FRICTIONLESS HEALTHCARE EXPERIENCE IN THE WORLD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $40.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

218.48%of revenue went to mission work40.7% of expenses · Program services

$536.37spent for every $100 of revenueSpending was higher than revenue this year.

317.89%of revenue went to management and office costs59.3% of expenses

$3.42in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $69,493,420 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $2,085,861 for MICHAEL DANDORPH (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$15,925,462

Mission workProgram services$34,794,081218.48% of revenue40.7% of expenses

ManagementOffice and general costs$50,624,801317.89% of revenue59.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$85,418,882536.37% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 40.7% mission · 59.3% management · 0.0% fundraisingTotal expenses: 536.37% of revenue

2022Expense mix: 37.4% mission · 62.6% management · 0.0% fundraisingTotal expenses: 285.39% of revenue

2021Expense mix: 44.3% mission · 55.7% management · 0.0% fundraisingTotal expenses: 3,219.70% of revenue

2020Expense mix: 37.9% mission · 62.1% management · 0.0% fundraisingTotal expenses: 2,303.18% of revenue

2019Expense mix: 48.1% mission · 51.9% management · 0.0% fundraisingTotal expenses: 4,309.98% of revenue

2018Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 7,589.35% of revenue

2017Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 1,669.19% of revenue

2016Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingRevenue comparison unavailable

Money in and money out

Revenue$15,925,462

Expenses$85,418,882

Annual shortfall $69,493,420 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$34,794,081 · 40.7% of expenses

Management and office costs$50,624,801 · 59.3% of expenses

See all reported dollar amounts

Revenue$15,925,462

Expenses$85,418,882

Assets$292,513,733

Income$15,925,462

Contributions$8,000

Mission work (program services)$34,794,081

Grants given$54,000

Average grant$6,750

Management and general$50,624,801

Accounting fees$201,709

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL DANDORPHPRESIDENT & CEO · 49 hrs/week $2,085,861Base $1,726,150 · Other $359,711

JOSEPH WHITEFORMER TRUSTEE · 50 hrs/week $1,140,951Base $1,117,468 · Other $23,483

PHIL OKALACHIEF OPERATING OFFICER · 40 hrs/week $1,137,502Base $1,121,244 · Other $16,258

SUSAN GREENVP/CFO/TREAS (UNTIL 12/23) · 49 hrs/week $1,085,892Base $1,047,084 · Other $38,808

LEE ERICKSONCHIEF QUALITY OFFICER (UNTIL 3/23) · 50 hrs/week $1,008,484Base $901,428 · Other $107,056

MICHAEL NEWMANSVP, CHIEF CLINICAL OFFICER · 40 hrs/week $920,763Base $802,569 · Other $118,194

SYED SHAFIQUR RABCIP, EVP DIGITAL TRANS OFFICER · 49 hrs/week $919,343Base $882,437 · Other $36,906

SABRINA GRANVILLEEVP, CHIEF HR OFFICER · 49 hrs/week $756,834Base $644,925 · Other $111,909

JOANNE MARQUSEEFORMER EVP, CIO $720,646

ZACHARY REDMONDSECRETARY · 48 hrs/week $669,412Base $599,263 · Other $70,149

JEFFREY WEINSTEIN ESQFORMER EVP/CHIEF LEGAL OFFICER $601,188

ROSA COLON-KOLACKOCHIEF DIVERSITY OFFICER (UNTIL 7/23) · 40 hrs/week $571,305Base $509,106 · Other $62,199

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

MICHAEL DANDORPHPRESIDENT & CEO

JOSEPH WHITEFORMER TRUSTEE

PHIL OKALACHIEF OPERATING OFFICER

SUSAN GREENVP/CFO/TREAS (UNTIL 12/23)

LEE ERICKSONCHIEF QUALITY OFFICER (UNTIL 3/23)

MICHAEL NEWMANSVP, CHIEF CLINICAL OFFICER

SYED SHAFIQUR RABCIP, EVP DIGITAL TRANS OFFICER

SABRINA GRANVILLEEVP, CHIEF HR OFFICER

JOANNE MARQUSEEFORMER EVP, CIO

ZACHARY REDMONDSECRETARY

JEFFREY WEINSTEIN ESQFORMER EVP/CHIEF LEGAL OFFICER

ROSA COLON-KOLACKOCHIEF DIVERSITY OFFICER (UNTIL 7/23)

NIOBIS QUEIROSVP, REVENUE CYCLE (UNTIL 1/23)

JEFFREY GROSSSVP, BUSINESS DEV (UNTIL 1/23)

TODD WHITECROSSSVP, PAYER STRATEGY

DAVID STORTOFORMER EVP/CHIEF STRATEGY OFFICER

JAMIE WATSONSVP, REVENUE CYCLE (UNTIL 6/24)

MICHAEL TARNOFF MDFORMER TRUSTEE

CRAIG BESTFORMER EVP, PHYS ORG.

PAUL SUMMERGRAD MDFORMER TRUSTEE

CLARISSA YANG MDTRUSTEE

JOSEPH PENNACCHIO MDFORMER TRUSTEE

ANDREW DEVOETREASURER & CFO

SUNIL KUMAR PH DTRUSTEE

RAYMOND ANSTISS JRTRUSTEE

PHILIP LEMBOTRUSTEE

CYNTHIA BARGINERETRUSTEE

BRIAN KAVOOGIANTRUSTEE

PATRICIA CAMPBELLVICE CHAIR

NAOMI PRENDERGASTTRUSTEE

MONICA VALDES LUPITRUSTEE (UNTIL 4/24)

MICHELE CRAGE MDTRUSTEE

DAMIAN FOLCH MDTRUSTEE

DAVID CRISS MDTRUSTEE

KARA DOYLETRUSTEE

JOSEPH AVELLONE MDTRUSTEE

FIRDAUS BHATHENATRUSTEE

GARY CAMPBELLCHAIR

JEFFREY SHAMESTRUSTEE

About this charity

Recognized since: January 2015
Location: 800 DISTRICT AVENUE 520, BURLINGTON, MA 01803
County: Middlesex
In care of: ANDREW DEVOE
Primary officer: ANDREW DEVOE, CFO

How to reach them

WebsiteVisit the charity’s website Phone(978) 942-2220

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Management & Technical Assistance - Health Care (E02)
IRS tax category: Management & Technical Assistance
Grant-giving organization: Yes