40 Under Forty 2024: Anthony Consolmagno, nonprofit financial wizard
Photo I Erika Sidor
Anthony Consolmagno
Photo | Jaime Flores
Dozens of Central Massachusetts businesses have multiple 40 Under Forty alumni, including Worcester insurer Fallon Health. Pictured (from left) are Fallon's Jonida Duque (Class of 2021), Mary Craig Ritter (Class of 2000), Kris Bostek (Class of 2001), Anthony Consolmagno (Class of 2024), Melissa Randall (Class of 2024), Todd Bailey (Class of 2005), Christie Bik (Class of 2014), Sonja Brehm (Class of 2012), and Arpa Gonzalez (Class of 2020), at the Fallon Health Pavilion at the DCU Center in Worcester.
- Title Vice president of financial planning & analysis
- Company Fallon Health, in Worcester
- Residence Worcester
- Birthplace Worcester
- College Clark University
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Consolmagno knows money.
At 30, he stepped into his previous role as CFO of Worcester-based Open Sky Community Services, helping grow the nonprofit’s revenue by more than 50% from $77 million in 2019 to $119 million in fiscal 2023. Now at Fallon, Consolmagno helps manage the system’s annual revenue of $1.8 billion. His acuity in forecasting and financial modeling have proved vital as he manages the organization’s business plan to construct a new PACE (program of all-inclusive care for the elderly) facility in Dartmouth, increasing access to health and wellness care for older adults. As a steering committee member, Consolmagno is leading Fallon’s headquarters relocation within Worcester to the One Mercantile building, and with it, the relocation of hundreds of Fallon employees. Consolmagno has been treasurer and chair of the finance committee at Mechanics Hall in Worcester since 2023, collaborating with leadership to promote long-term financial stability. He volunteers at the city’s St. Bernard’s Church, his childhood parish, leading fundraisers, participating on the finance committee, coaching youth basketball, and supporting the church’s food pantry, run by his mom.
What superpower would you most like to have? Time travel. I’d love to relive my best moments, spend time with those who passed too soon, and of course, invest in the best stocks.
What is the best book you’ve ever read? I am a huge fan of “Extreme Ownership” by Jocko Willink and Leif Babin, which I have read several times.
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