Health Care (E22) IRS Verified DX Registered 990 on File

MELROSEWAKEFIELD HEALTHCARE INC

EIN: 04-2767880 · MEDFORD, MA 02155-1643 · United States · FY 2024 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 77/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Our mission is to provide, in a community-based setting, the highest quality health care to communities in Boston's northern suburbs. Hallmark Health System, Inc. is committed to building and sustaining a strong, vibrant and healthy community. Hallmark Health System dedicates appropriate resources to collaborations with community partners and the utilization of community member’s input toward improving health services. Hallmark Health System pledges to act as a resource and to work with the community during emergencies; improve access to care; identify, monitor, and address the unique health care needs within its core communities; and promote healthier lifestyles for residents through health education and prevention activities

Financial Overview — FY 2024

$267.6M

Total Revenue

$280.6M

Total Expenses

$125.9M

Net Assets

2158

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 79.6%

Fundraising Efficiency 0.0%

Operating Reserve 5.38x

Liability-to-Asset 39.3%

Revenue Diversification 91.1%

Executive Compensation $1.9M

Compared with Peers

FY 2024

Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	79.6%	87.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	20.4%	12.3%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	565.8%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	5.4 mo	6.1 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	39.3%	44.5%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	91.1%	96.4%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-20.4%	9.1%	P10P90
Expense growth Year over year expense growth	-2.0%	7.8%	P10P90
Surplus margin Surplus as a share of revenue	-4.9%	2.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$267.6M	$280.6M	$125.9M	79.6%	2158
2023	$336.3M	$286.4M	$61.6M	79.2%	2148
2022	$249.3M	$308.9M	$125.1M	81.1%	2100
2021	$268.4M	$245.5M	N/A	—	2188

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Organization Details

EIN: 04-2767880
State: MA
City: MEDFORD
ZIP: 02155-1643
Classification: E22
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1997
Foundation Code: 12
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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