Tufts Medical Center Parent Inc

Organization Overview

Tufts Medical Center Parent Inc is located in Boston, MA. The organization was established in 2008. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2020, Tufts Medical Center Parent Inc employed 7,008 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 09/2020, Tufts Medical Center Parent Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.0b during the year ending 09/2020. While expenses have increased by 5.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TUFTS 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.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, INC. ADMINISTERS PROGRAMS FOR APPROXIMATELY 284 RESIDENTS, 76 INTERNS AND 103 FELLOWS IN 44 SPECIALTIES AND SUBSPECIALTIES WHO ROTATE TO APPROXIMATELY 54 HOSPITALS AND OTHER ORGANIZATIONS LOCATED PRIMARILY IN THE GREATER BOSTON AREA.


TUFTS MEDICAL CENTER, INC. ENGAGES IN RESEARCH ACTIVITIES FUNDED BY GRANTS AND CONTRACTS FOR U.S. GOVERNMENT AGENCIES AND OTHER PRIVATE SOURCES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pratt Medical Group Inc
Physician Services
$12,151,910
Medical Solutions
Nursing Services
$11,220,466
Pratt Anesthesiology Association Inc
Physician Services
$9,647,687
Cardiovascular Center At Tufts Medical C
Physician Services
$5,516,350
Pratt Pediatric Associates
Physician Services
$6,351,705
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$431,500
Related organizations$0
Government grants $85,949,789
All other contributions, gifts, grants, and similar amounts not included above$14,118,771
Noncash contributions included in lines 1a–1f $159,536
Total Revenue from Contributions, Gifts, Grants & Similar$100,500,060
Total Program Service Revenue$942,862,573
Investment income $3,611,615
Tax Exempt Bond Proceeds $0
Royalties $272,389
Net Rental Income $967,939
Net Gain/Loss on Asset Sales $12,369,132
Net Income from Fundraising Events -$88,323
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,060,495,385

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Tufts Medical Center Parent Inc has recieved totaling $155,132.

Awarding OrganizationAmount
Rodman Ride For Kids Inc

Foxborough, MA

PURPOSE: TO BENEFIT DISADVANTAGED YOUTHS

$48,208
One Mission Inc

Newton, MA

PURPOSE: CARE FOR PEDIATRIC CANCER PATIENTS

$40,000
New York Medical College

Valhalla, NY

PURPOSE: RESEARCH RESEARCH RESEARCH

$36,421
Northwestern University

Evanston, IL

PURPOSE: Support of research activities

$30,503
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,667,000
Earnings$47,000
Net Contributions$118,000
Ending Balance$6,832,000

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$184,765,489
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$146,928,194
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$143,332,356

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