Baystate Franklin Medical Center
- Assets
- $80.1m
- Revenue
- $112.3m
- Investments
- $334.4k
- Employees
- 916
- Location
- Greenfield, MA
- Founding
- 12/1993
- Data as of
- 09/2022
- EIN
- 04-2103575
Organization Overview
Baystate Franklin Medical Center is located in Greenfield, MA. The organization was established in 1993. 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 09/2023, Baystate Franklin Medical Center employed 916 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Franklin Medical Center 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 09/2022, Baystate Franklin Medical Center generated $112.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $120.6m during the year ending 09/2022. While expenses have increased by 3.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT HEALTHCARE SERVICES - PROVIDING INPATIENT COMMUNITY-BASED MEDICINE AND TERTIARY CARE TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY23, BAYSTATE FRANKLIN MEDICAL CENTER PROVIDED 19,906 PATIENT DAYS OF INPATIENT SERVICES, WITH 4,831 DISCHARGES.
OTHER PROGRAM SERVICES - PROVIDING PHARMACY SERVICES TO THE SURROUNDING REGION. SERVICES AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
OUTPATIENT HEALTHCARE SERVICES - PROVIDING OUTPATIENT CLINICAL SERVICES TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY23, BAYSTATE FRANKLIN MEDICAL CENTER HAD 90,773 OUTPATIENT VISITS.
EMERGENCY DEPARTMENT SERVICES - PROVIDING EMERGENCY DEPARTMENT SERVICES TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY23, BAYSTATE FRANKLIN MEDICAL CENTER HAD 25,806 EMERGENCY DEPARTMENT VISITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Keroack MD Trustee/president & CEO - Bh | Trustee | 1 | $0 |
Kevin P Moriarty MD Trustee/chief Ped Surgery | Trustee | 5 | $751,828 |
Thampi Ampadi MD Trustee (as Of 1/1/23)/surg Comm Pr | Trustee | 50 | $411,042 |
Akinyele K Lovelace DO Trustee/per Diem Internist | Trustee | 1 | $66,500 |
Sara Rourke MD Trustee/per Diem Urgent Care Physcn | Trustee | 1 | $12,555 |
Colleen W Holmes Vice Chair (as Of 1/1/23)/trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baystate Medical Practices Inc Prac Physician Services | 9/29/23 | $16,565,980 |
Baystate Administrative Services In Management/i.s. Services | 9/29/23 | $9,372,673 |
Shiftwise Support Services | 9/29/23 | $8,348,958 |
Baystate Medical Center Lab Services/support Services | 9/29/23 | $7,068,552 |
Gqr Global Markets Support Services | 9/29/23 | $528,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $410,750 |
| Government grants | $7,064,658 |
| 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 | $7,475,408 |
| Total Program Service Revenue | $99,590,302 |
| Investment income | $411,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,241 |
| Net Gain/Loss on Asset Sales | $385,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,261,715 |
| 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. | $445,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,478,280 |
| Pension plan accruals and contributions | $1,135,312 |
| Other employee benefits | $5,089,773 |
| Payroll taxes | $2,987,232 |
| Fees for services: Management | $6,746,709 |
| Fees for services: Legal | $78,885 |
| Fees for services: Accounting | $59,652 |
| Fees for services: Lobbying | $18,795 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,702 |
| Office expenses | $48,148,917 |
| Information technology | $3,971,639 |
| Royalties | $0 |
| Occupancy | $2,144,294 |
| Travel | $25,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,513 |
| Interest | $709,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,935,499 |
| Insurance | $376,925 |
| All other expenses | $0 |
| Total functional expenses | $120,619,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,445,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,086,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,241,030 |
| Prepaid expenses and deferred charges | $542,211 |
| Net Land, buildings, and equipment | $45,802,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $334,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,647,811 |
| Total assets | $80,099,902 |
| Accounts payable and accrued expenses | $13,027,807 |
| Grants payable | $0 |
| Deferred revenue | $15,750 |
| Tax-exempt bond liabilities | $20,028,806 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,153,791 |
| Total liabilities | $40,226,154 |
| Net assets without donor restrictions | $24,709,157 |
| Net assets with donor restrictions | $15,164,591 |
| 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 | $80,099,902 |