Overview
What is Massachusetts Health Data Consortiuminc?
Massachusetts Health Data Consortiuminc is a nonprofit organization situated in Waltham, Massachusetts. Their primary focus is to foster collaborative initiatives aimed at enhancing health and healthcare. By collecting, analyzing, and disseminating health care data from Massachusetts acute care hospitals, they aim to support hospitals, providers, and insurers, ultimately contributing to the improvement of healthcare services. Their mission is to spearhead the development of a comprehensive health data system, addressing the health information needs of Massachusetts to improve healthcare quality. With a team of eight dedicated individuals, they strive to make a significant impact on the health sector in Massachusetts.
Official website here: www.mahealthdata.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Massachusetts Health Data Consortium has received an overall score of 82%, reflecting a strong performance in accountability and finance. The organization boasts a 90% independent board and a robust audit and oversight committee, indicating a commitment to governance and transparency. The lack of any material diversion of assets, along with comprehensive policies regarding conflict of interest, whistleblowing, and document retention, further underscores its accountability.
However, while the program expense ratio is commendable at 91.41%, suggesting efficient allocation of resources towards its programs, the fundraising efficiency ratio presents a concern at $0.00. This might indicate challenges in fundraising efforts or reliance on other funding sources. Additionally, the working capital ratio of 0.25 years raises questions about the organization's liquidity and financial sustainability in the long term.
Overall, the Massachusetts Health Data Consortium displays solid governance and programmatic effectiveness, but it may need to address its fundraising strategies and financial liquidity to ensure ongoing success and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Health Data Consortiuminc legitimate?
Massachusetts Health Data Consortiuminc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Health Data Consortiuminc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $686,755
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,298
For more financial information, click here
Official website here: www.mahealthdata.org
What is the mission statement of Massachusetts Health Data Consortiuminc?
The Massachusetts Health Data Consortiuminc is committed to leading the development of a comprehensive health data system. Their mission is to address the health information needs of Massachusetts, aiming to improve healthcare and health overall. They accomplish this by fostering collaborative efforts, collecting, analyzing, and disseminating health care data from Massachusetts acute care hospitals to hospitals, providers, and insurers, thereby contributing to the betterment of healthcare services.
Official website here: www.mahealthdata.org
Who is the CEO of Massachusetts Health Data Consortiuminc?
Denny Brennan is the Executive Director of Massachusetts Health Data Consortiuminc.
Official website here: www.mahealthdata.org
What is the revenue of Massachusetts Health Data Consortiuminc?
Massachusetts Health Data Consortiuminc's revenue in 2022 was $5,844,839.
Official website here: www.mahealthdata.org
Who are the executives of Massachusetts Health Data Consortiuminc and what are their salaries?
The average compensation at Massachusetts Health Data Consortiuminc during 2022 was $119,882. There are 8 employees at Massachusetts Health Data Consortiuminc.
Here are 24 key members and their salaries:
- Compensation: $253,567
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- Other: $31,226
- Compensation: $131,062
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- Compensation: $187,897
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- Other: $29,024
- Compensation: $114,229
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- Other: $15,551
Official website here: www.mahealthdata.org
Where can I find the form 990 for Massachusetts Health Data Consortiuminc?
Massachusetts Health Data Consortiuminc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mahealthdata.org
Learn more at the official website: www.mahealthdata.org
Mission Statement of Massachusetts Health Data Consortiuminc
Massachusetts Health Data Consortiuminc plays a vital role in driving collaborative efforts aimed at enhancing health and healthcare within its domain. Its primary mission is to spearhead the development of a comprehensive health data system, catering to the health information needs of Massachusetts for the purpose of improving healthcare and health outcomes. The consortium collects, analyzes, and disseminates healthcare data from Massachusetts acute care hospitals, sharing this valuable information with hospitals, providers, and insurers, thereby contributing to more informed decisions and improved healthcare services.
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Impact
July, 2024
Massachusetts Health Data Consortiuminc has played a crucial role in creating, promoting, and supporting collaborative efforts to improve health and healthcare in Massachusetts. By collecting, analyzing, and disseminating healthcare data from acute care hospitals in the state, the organization has facilitated the sharing of vital information among hospitals, providers, and insurers. This has led to a more informed and coordinated approach to healthcare delivery, ultimately contributing to improved health outcomes for the residents of Massachusetts. The Consortium's mission to lead the development of a comprehensive health data system aligns with its goal of addressing the health information needs of the Commonwealth, furthering the cause of enhancing healthcare practices and services.
This information is meant to be a general summary of Massachusetts Health Data Consortiuminc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,470
- Program Service Revenue: $197,161
- Gross Receipts: $5,846,309
Assets and Liabilities:
- Total Assets: $2,235,883
- Total Liabilities: $1,206,259
- Net Assets: $1,029,624
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATA PRODUCTS
Revenue
$197,161
Organization Details
Founding Year
1978
Phone
(781) 890-6040Principal Officer
Denny Brennan
Main Address
460 TOTTEN POND RD, WALTHAM, MA, 02451
Website
www.mahealthdata.orgNTEE Category
Code: E80 - Health
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