Athol Memorial Hospital Incorporated
- Assets
- $33.1m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 309
- Location
- Athol, MA
- Founding
- 06/1951
- Data as of
- 09/2021
- EIN
- 04-2126583
Organization Overview
Athol Memorial Hospital Incorporated is located in Athol, MA. The organization was established in 1951. 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, Athol Memorial Hospital Incorporated employed 309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athol Memorial Hospital Incorporated 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, Athol Memorial Hospital Incorporated generated $40.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $36.2m during the year ending 09/2021. While expenses have increased by 6.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS TO BE ONE OF THE BEST INDEPENDENT COMMUNITY HOSPITALS IN AMERICA. OUR MISSION IS TO BE OUR COMMUNITIES' TRUSTED CHOICE FOR EXCEPTIONAL PATIENT-CENTERED CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHOL HOSPITAL PROVIDES VARIOUS OUTPATIENT SERVICES SUCH AS AN EMERGENCY ROOM, ON-SITE CARDIAC SPECIALISTS, HIGH TECH LABORATORY, CARDIO PULMONARY TESTING, A SHORT STAY UNIT, ADVANCED IMAGING, REHABILITATION SERVICES, AND MANY OTHERS ON AN OUTPATIENT BASIS. ATHOL HOSPITAL PROVIDES INPATIENT ACUTE CARE SERVICES, AS WELL AS A SWING BED PROGRAM, WHICH TRANSITIONS BEDS FROM ACUTE CARE TO SUB-ACUTE CARE TO ACCOMMODATE THE REHABILITATION NEEDS OF RECOVERING PATIENTS. ATHOL HOSPITAL HAS THREE PROVIDER BASED PRACTICES: ONE WAS AN ESTABLISHED RURAL HEALTH CLINIC, AND THE OTHERWAS CONVERTED TO A RURAL HEALTH CLINIC IN 2020, AND THE LAST ONE IS A SPECIALTY CARE PRACTICE THAT FOCUSES ONMANY AREAS INCLUDING CARDIOLOGY, GASTROENTEROLOGY, ORTHOPEDICS, PULMONOLOGY, AND GENERAL SURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Nolan Infection Control Nurse | 40 | $136,893 | |
Bethany Maselli Er Rn | 40 | $134,252 | |
Roxanne Dunn Director Of Er | 40 | $129,809 | |
Karen Landry Or Rn | 40 | $127,908 | |
Kathy Ledford Er Rn | 36 | $116,720 | |
Elizabeth Nottleson Past Trustee | Trustee | 0.2 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quartulli & Associates Inc Pt & Ot Services | 9/29/21 | $1,011,935 |
Hospital Medicine Solutions Medical Staffing Services | 9/29/21 | $385,553 |
Medefis Inc Medical Staffing Services | 9/29/21 | $768,725 |
Labcorp Of America Clinical Laboratory Services | 9/29/21 | $508,914 |
Tele-physicians Pc Ma Telemedicine Services | 9/29/21 | $308,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $994,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,795 |
| Total Program Service Revenue | $39,041,483 |
| Investment income | $7,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,538 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,239,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,093,237 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,776,294 |
| Pension plan accruals and contributions | $111,260 |
| Other employee benefits | $1,695,449 |
| Payroll taxes | $737,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,417 |
| Fees for services: Accounting | $249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $181 |
| Fees for services: Other | $12,375,557 |
| Advertising and promotion | $4,940 |
| Office expenses | $378,689 |
| Information technology | $2,137 |
| Royalties | $0 |
| Occupancy | $2,008,950 |
| Travel | $3,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,956 |
| Interest | -$4,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $723,193 |
| Insurance | $187,162 |
| All other expenses | $0 |
| Total functional expenses | $36,223,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,406 |
| Savings and temporary cash investments | $1,375,950 |
| Pledges and grants receivable | $115,811 |
| Accounts receivable, net | $8,067,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,439,300 |
| Inventories for sale or use | $358,781 |
| Prepaid expenses and deferred charges | $148,639 |
| Net Land, buildings, and equipment | $5,900,053 |
| Investments—publicly traded securities | $1,847,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,814,149 |
| Total assets | $33,079,219 |
| Accounts payable and accrued expenses | $7,403,907 |
| Grants payable | $0 |
| Deferred revenue | $248,986 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $634,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,606,292 |
| Total liabilities | $14,893,677 |
| Net assets without donor restrictions | $16,214,427 |
| Net assets with donor restrictions | $1,971,115 |
| 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 | $33,079,219 |
Grants Awarded
Over the last fiscal year, Athol Memorial Hospital Incorporated has awarded $1,093,237 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Gardner, MA PURPOSE: Operations Support | $929,500 |
Gardner, MA PURPOSE: Operations Support | $131,723 |
PIONEER VALLEY REGIONAL SCHOOL DISTRICT PURPOSE: Operations Support | $12,005 |
ATHOL-ROYALSTON REGIONAL SCHOOL PURPOSE: Operations Support | $10,005 |
RALPH C MAHAR REGIONAL SCHOOL PURPOSE: Operations Support | $10,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Athol Memorial Hospital Incorporated has recieved totaling $15,750.
| Awarding Organization | Amount |
|---|---|
Massachusetts Hospital Research & Educational Association Inc Burlington, MA PURPOSE: COVID-19 GRANT | $15,750 |
Endowment Analysis
| Beg. Balance | $1,509,178 |
| Earnings | $257,589 |
| Net Contributions | $108,437 |
| Other Expense | $28,000 |
| Ending Balance | $1,847,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Mount St Marys Hospital Of Niagara Falls Buffalo, NY | $85,822,879 | $119,030,413 |
Windham Community Memorial Hospital Inc Willimantic, CT | $68,084,533 | $121,054,683 |
Claxton-Hepburn Medical Center Odensburg, NY | $148,754,209 | $110,908,691 |
Geneva General Hospital Geneva, NY | $241,263,281 | $108,269,094 |
Day Kimball Healthcare Inc Putnam, CT | $92,107,218 | $109,975,454 |
Nathan Littauer Hospital Association Gloversville, NY | $137,432,154 | $112,130,166 |
Baystate Franklin Medical Center Greenfield, MA | $102,999,130 | $107,787,892 |
Mount Auburn Professional Services Inc Cambridge, MA | $33,630,533 | $75,904,953 |
Garnet Health Medical Center Catskills Harris, NY | $107,792,982 | $110,012,823 |
Newark Wayne Community Hospital Newark, NY | $160,696,636 | $113,794,284 |