Winchester Hospital
- Assets
- $484.6m
- Revenue
- $356.2m
- Investments
- $55.5m
- Employees
- 2,746
- Location
- Winchester, MA
- Founding
- 03/2015
- Data as of
- 09/2023
- EIN
- 04-2104434
Organization Overview
Winchester Hospital is located in Winchester, MA. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Winchester Hospital employed 2,746 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchester 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 09/2023, Winchester Hospital generated $356.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $343.3m during the year ending 09/2023. While expenses have increased by 2.9% per year over the past 8 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.
Since 2019, Winchester Hospital has awarded 56 individual grants totaling $1,119,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ex-Officio) (ceo Designee) | Trustee | 1 | $0 |
Rios Cindy Ttee, Treas (ex-Off) (int Cfo, Bilh) | OfficerTrustee | 1 | $0 |
Nesto MD Richard Trustee (ex-Officio) (ceo Designee) | Trustee | 1 | $0 |
Weiner MD Richard Ttee & Pres (ex-Off); Frmr CEO Wh | OfficerTrustee | 58 | $529,160 |
Breckwoldt MD William Trustee; General Surgeon | Trustee | 1 | $0 |
Mcalmon MD Karen Trustee; Neonatologist | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amerisourcebergen Drug Corporation Pharmaceutical Services | 9/29/23 | $15,739,055 |
Beth Israel Lahey Health Inc Beth Israel Lahey Health Prof Svcs | 9/29/23 | $35,407,952 |
Healthcare Workforce Logistics Llc Staffing Services | 9/29/23 | $10,474,251 |
Sodexo Inc Food Service | 9/29/23 | $3,315,405 |
Cardinal Valuelink Medical Services | 9/29/23 | $4,774,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $805,653 |
| 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 | $805,653 |
| Total Program Service Revenue | $339,750,400 |
| Investment income | $4,277,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,562,756 |
| Net Gain/Loss on Asset Sales | -$757,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,181,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,891 |
| 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. | $1,409,854 |
| Compensation of current officers, directors, key employees. | $20,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,014,547 |
| Pension plan accruals and contributions | $3,550,675 |
| Other employee benefits | $20,517,353 |
| Payroll taxes | $9,527,073 |
| Fees for services: Management | $32,318,334 |
| Fees for services: Legal | $197,175 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $77,841 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,729,968 |
| Advertising and promotion | $0 |
| Office expenses | $3,168,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,025,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,449,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,672,041 |
| Insurance | $0 |
| All other expenses | $7,466,391 |
| Total functional expenses | $343,339,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,236 |
| Savings and temporary cash investments | $7,921,652 |
| Pledges and grants receivable | $108,494 |
| Accounts receivable, net | $34,226,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,971,234 |
| Prepaid expenses and deferred charges | $510,982 |
| Net Land, buildings, and equipment | $122,768,423 |
| Investments—publicly traded securities | $152,508,463 |
| Investments—other securities | $55,505,377 |
| Investments—program-related | $8,050,958 |
| Intangible assets | $250,000 |
| Other assets | $96,761,530 |
| Total assets | $484,574,894 |
| Accounts payable and accrued expenses | $34,183,226 |
| Grants payable | $0 |
| Deferred revenue | $102,936 |
| Tax-exempt bond liabilities | $73,977,146 |
| 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 | $21,708,927 |
| Total liabilities | $129,972,235 |
| Net assets without donor restrictions | $325,859,434 |
| Net assets with donor restrictions | $28,743,225 |
| 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 | $484,574,894 |
Grants Awarded
Over the last fiscal year, Winchester Hospital has awarded $218,296 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF STONEHAM AND WAKEFIELD PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $20,000 |
COUNCIL OF SOCIAL CONCERN WOBURN PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $13,000 |
METRO HOUSING BOSTON PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $11,550 |
SOCIAL CAPITAL INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $19,100 |
MYSTIC VALLEY ELDER SERVICES PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $10,000 |
MINUTEMAN SENIOR SERVICES PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $9,871 |