Emerson Hospital
- Assets
- $266.0m
- Revenue
- $319.2m
- Investments
- $7.4m
- Employees
- 2,390
- Location
- Concord, MA
- Founding
- 01/1936
- Data as of
- 09/2021
- EIN
- 04-2103565
Organization Overview
Emerson Hospital is located in Concord, MA. The organization was established in 1936. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Emerson Hospital employed 2,390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerson Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Emerson Hospital generated $319.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $314.8m during the year ending 09/2021. While expenses have increased by 6.7% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMERSON HOSPITAL IS AN ACUTE CARE NON PROFIT COMMUNITY HOSPITAL THAT OFFERS A WIDE RANGE OF MEDICAL, SURGICAL AND SPECIALTY CARE TO APPROXIMATELY 300,000 INDIVIDUALS IN 25 TOWNS.
Describe the Organization's Program Activity:
EMERSON HOSPITAL IS AN 199-BED ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES SERVICES TO INPATIENTS. THE FACILITY INCLUDES THE FOLLOWING UNITS: THREE MEDICAL/SURGICAL UNITS, A LOCKED BEHAVIORAL HEALTH UNIT, A LOCKED MATERNITY/OBSTETRICS UNIT, A CRITICAL CARE UNIT, A SHORT TERM REHABILITATION TRANSITIONAL CARE UNIT, A PEDIATRICS UNIT AND A SPECIAL CARE NURSERY. EMERSON HOSPITAL SERVED 6,377 INPATIENTS AND 1,744 OBSERVATION PATIENTS FOR A TOTAL OF 35,980 PATIENT DAYS.
EMERSON HOSPITAL IS AN ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES A VARIETY OF SERVICES ON AN OUTPATIENT BASIS. EMERSON PERFORMED 1,680,524 PROCEDURES ON OUTPATIENTS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2021 IN ADDITION, THE HOSPITAL ALSO HAD 28,583 EMERGENCY DEPARTMENT VISITS AND 9,357 REHABILITATION SERVICE VISITS.
EMERSON HOSPITAL PROVIDES HOMECARE SERVICES. HOME CARE IS AVAILABLE 24 HOURS PER DAY AND 7 DAYS PER WEEK TO HOMEBOUND PATIENTS OF ALL AGES. PRIMARY HOMECARE SERVICES INCLUDE PROFESSIONAL NURSES WHO DELIVER MEDICAL CARE AS ORDERED BY PHYSICIANS, REHABILITATION PROFESSIONALS WHO WORK WITH PATIENTS TO RESTORE FUNCTION AND INDEPENDENCE AND HOME HEALTH AIDES WHO ASSIST WITH PERSONAL CARE TASKS. FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2021 EMERSON HOSPITAL SAW 1,507 NEW HOMECARE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Schuster Ex Officio President & CEO | OfficerTrustee | 50 | $1,137,869 |
Michael Hachey Sr VP CFO | 30 | $616,538 | |
Eric Stastny Chief Operating Officer | Officer | 40 | $534,270 |
Joyce Welsh VP Patient Care Services | 40 | $491,104 | |
Barrett Kitch MD Sr VP Clinical Affairs | 40 | $488,549 | |
Christine Gallery Sr VP Planning & Marketing | 40 | $360,972 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Environmental/cafeteria Services | 9/29/21 | $4,341,178 |
Sterling Construction Construction Services | 9/29/21 | $3,197,792 |
Partners Community Physicians Medical Management | 9/29/21 | $1,943,624 |
Advantedge Healthcare Solutions Accounts Receivable Service | 9/29/21 | $1,373,488 |
Massachusetts General Physicians Medical Services | 9/29/21 | $1,794,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,036,758 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,036,758 |
| Total Program Service Revenue | $300,936,943 |
| Investment income | $573,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $335,394 |
| Net Gain/Loss on Asset Sales | -$77,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,206,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,196,054 |
| Compensation of current officers, directors, key employees. | $1,780,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,487,900 |
| Pension plan accruals and contributions | $2,799,367 |
| Other employee benefits | $14,929,424 |
| Payroll taxes | $9,042,992 |
| Fees for services: Management | $22,804,527 |
| Fees for services: Legal | $777,001 |
| Fees for services: Accounting | $3,896,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,398,940 |
| Advertising and promotion | $1,468,525 |
| Office expenses | $652,114 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,853,200 |
| Travel | $306,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,650,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,633,283 |
| Insurance | $2,848,356 |
| All other expenses | $6,047,935 |
| Total functional expenses | $314,824,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,138,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,375,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,743,723 |
| Inventories for sale or use | $6,344,019 |
| Prepaid expenses and deferred charges | $8,826,590 |
| Net Land, buildings, and equipment | $122,601,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,391,809 |
| Investments—program-related | $10,543,604 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,964,885 |
| Accounts payable and accrued expenses | $35,149,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $49,882,836 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,401,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,328,909 |
| Total liabilities | $177,762,675 |
| Net assets without donor restrictions | $82,126,876 |
| Net assets with donor restrictions | $6,075,334 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $265,964,885 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Emerson Hospital has recieved totaling $127,002.
| Awarding Organization | Amount |
|---|---|
Boger Charitable Trust Cambridge, MA PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S CHARITABLE OBJECTIVES/ RESEARCH/ BENEFITTING THOSE IN NEED | $41,000 |
Yawkey Foundation Ii Dedham, MA PURPOSE: MENTAL HEALTH & SOCIAL-EMOTIONAL SUPPORT FOR VULNERABLE INDIVIDUALS | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $25,500 |
Cambridge Savings Charitable Foundation Inc Cambridge, MA PURPOSE: EXEMPT PURPOSE | $12,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $5,750 |
Asvins Foundation Wilmington, DE PURPOSE: MASS GENERAL CANCER CENTER | $5,000 |
Endowment Analysis
| Beg. Balance | $2,452,598 |
| Earnings | $513,718 |
| Net Contributions | $262,343 |
| Other Expense | $120,208 |
| Ending Balance | $3,108,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |