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Hallmark Health Medical Associates

Medford, MA · EIN 04-3140938 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Hallmark Health Medical Associates reported $65.3 million in revenue and $66.1 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $88.16 went to program services, $11.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 100.0% of the total. The highest compensation it reported for one person was $1,304,359 (FORMER PRESIDENT/DIRECTOR). 117 people received more than $100,000 in reportable compensation. Revenue rose 33% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $66M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $65M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
88.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
11.8%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
100.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,304,359$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.97%1.34%
People paid over $100,000
Part VII, line 2
11727
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.56.6
Independent voting board members
Part VI 1a–1b
0 of 788.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$58M expenses · 100.0% of program spending · revenue $65M

The purpose of Hallmark Health Medical Associates, inc. Is to improve the quality and access to medical care provided by melrosewakefield healthcare, inc. By encouraging physicians to provide needed medical services in the hospital's service area and by otherwise supporting the needs of the medically under-served communities. Hallmark Health Medical assocates' program service revenue represents net fees billed for physician services provided in obstetrics, gynecology, internal medicine, surgery, gastroenterology, family medicine, endocrinology, pulmonology, radiation oncology, infectious…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
FORMER PRESIDENT/DIRECTOR
Former, 0.00 hrs/week
$0$1,181,998$122,361$1,304,359
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,008,058$0$32,283$1,040,341
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$912,050$0$28,006$940,056
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$889,558$0$24,119$913,677
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$756,599$0$11,071$767,670
FORMER DIRECTOR
Former, 3.00 hrs/week
$0$526,917$132,167$659,084
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$623,819$0$25,316$649,135
TREASURER/DIRECTOR
Director/trustee, officer, 3.00 hrs/week
$0$503,114$105,982$609,096

117 people received more than $100,000 in reportable compensation from Hallmark Health Medical Associates (Part VII, line 2). Compensation of current officers, directors and key employees totaled $854K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$65M$66M88.2%$14M$1,304,359
FY2024 ⓘ$55M$68M87.5%$4.6M$1,229,860
FY2023 ⓘ$55M$65M84.2%$1.8M$1,148,516
FY2022 ⓘ$45M$60M95.0%−$7.0M$1,126,310
FY2021 ⓘ$53M$68M86.3%−$4.3M$932,721
FY2020 ⓘ$49M$65M87.0%−$642K$924,490

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5406

Correct a figure or respond

Every number above is copied from Hallmark Health Medical Associates's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hallmark Health Medical Associates, you can publish a response that is linked from this page.

Questions people ask

How much of Hallmark Health Medical Associates's spending goes to programs?

In the fiscal year ending September 30, 2025, Hallmark Health Medical Associates reported that 88.2% of its $66.1 million in expenses went to program services, 11.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Hallmark Health Medical Associates pay its top executive?

The largest total compensation Hallmark Health Medical Associates reported for one person in the fiscal year ending September 30, 2025 was $1,304,359, for the role of FORMER PRESIDENT/DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Hallmark Health Medical Associates get its money?

Of $65.3 million in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 100.0% from program service revenue (Form 990, Part VIII).

Is Hallmark Health Medical Associates a registered charity?

The IRS lists EIN 04-3140938 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632259349301333 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522269349302912 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442289349302864 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349301776 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222279349302862 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112289349300031 · read the filing

All filings for EIN 04-3140938: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.