Sturdy Memorial Hospital
- Assets
- $544.2m
- Revenue
- $290.2m
- Investments
- $14.1m
- Employees
- 1,978
- Location
- Attleboro, MA
- Founding
- 11/1982
- Data as of
- 09/2023
- EIN
- 04-2768252
Organization Overview
Sturdy Memorial Hospital is located in Attleboro, MA. The organization was established in 1982. 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, Sturdy Memorial Hospital employed 1,978 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturdy Memorial 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, Sturdy Memorial Hospital generated $290.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $285.7m during the year ending 09/2023. While expenses have increased by 7.6% 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 2015, Sturdy Memorial Hospital has awarded 25 individual grants totaling $70,915,428. 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
PROVIDING SAFE, HIGH QUALITY, COST EFFICIENT HEALTH CARE, AND A BROAD (CONTINUED ON SCH O).RANGE OF DIAGNOSTICS, INPATIENT, OUTPATIENT AND EMERGENCY SERVICES FOR OUR COMMUNITY.
Describe the Organization's Program Activity:
STURDY MEMORIAL HOSPITAL, INC. IS A NOT-FOR-PROFIT ACUTE CARE COMMUNITY HOSPITAL WHICH IS DEDICATED TO PROVIDING A BROAD RANGE OF HEALTH CARE SERVICES TO THE RESIDENTS OF ATTLEBORO, MASSACHUSETTS AND SURROUNDING COMMUNITIES. THE HOSPITAL GENERATES VIRTUALLY ALL OF ITS REVENUES IN PURSUIT OF ITS EXEMPT PURPOSES, WHICH IS TO PROVIDE COMPREHENSIVE DIAGNOSTIC, THERAPEUTIC, AND EDUCATIONAL HEALTH CARE SERVICES TO RESIDENTS OF ITS COMMUNITIES. THE HOSPITAL PROVIDES HIGH QUALITY CARE TO THE SICK AND INJURED, ON BOTH AN INPATIENT AND OUTPATIENT BASIS, WITHOUT REGARD TO RACE, CREED, NATIONAL ORIGIN AGE, GENDER, DISABILITY, OR ABILITY TO PAY. THE HOSPITAL TREATED 11,202 INPATIENTS AND OBSERVATION PATIENTS, INCLUDING BIRTHS, OF WHICH THERE WERE 570. (CONTINUED ON SCHEDULE O).THE HOSPITAL TREATED 51,198 PATIENTS IN THE EMERGENCY ROOM AND PERFORMED SURGERY ON 1,469 INPATIENTS AND 9,246 OUTPATIENTS.THE HOSPITAL PROVIDES MANY OTHER SERVICES OF WHICH THE FOLLOWING IS A PARTIAL LIST: ONCOLOGY 7,982 VISITS; MANSFIELD HEALTH CENTER- 22,665 VISITS; CARDIAC REHABILITATION- 9,466 VISITS; AND WOUND CARE- 4,011 VISITS. IN ADDITION, THE HOSPITAL PROVIDES A VARIETY OF ANCILLARY SERVICES - A PARTIAL LIST INCLUDES: LABORATORY, RADIOLOGY, MAMMOGRAPHY, COMPUTERIZED TOMOGRAPHY, MRI, NUCLEAR MEDICINE, VASCULAR, ULTRASOUND, SLEEP STUDY AND PHYSICAL THERAPY.THE HOSPITAL PROVIDED APPROXIMATELY $11,368,041 IN SERVICES FOR THOSE WHO COULD NOT PAY (FREE CARE) OR WOULD NOT PAY (BAD DEBT) IN FISCAL YEAR 2023. IN ADDITION, THE HOSPITAL PROVIDED APPROXIMATELY $16,100,497 IN UN-REIMBURSED MASSHEALTH (MEDICAID) SERVICES DURING THE YEAR. FURTHER, THE HOSPITAL PROVIDES A NUMBER OF PROGRAMS TO BENEFIT OUR COMMUNITY EITHER AT NO CHARGE OR AT REDUCED RATES. THE HOSPITAL ALSO PROVIDES LEADERSHIP IN THE INTEGRATION OF HEALTH SERVICES FOR THE COMMUNITIES IT SERVES. STURDY MEMORIAL HOSPITAL CONTINUES TO PARTNER WITH COLUMN HEALTH TO BRING SUBSTANCE USE DISORDER TREATMENT TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Van Ness-Otunnu MD Physician Director | Trustee | 42 | $498,342 |
Rose Larson Clerk (as Of 01/2023) | Trustee | 2 | $0 |
Richard Digiacomo Director/clerk (thru 01/2023) | OfficerTrustee | 2 | $0 |
John Korona Chair | OfficerTrustee | 2 | $0 |
Stephen Burlone Director | Trustee | 2 | $0 |
Kevin Cryan Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Contract Labor | 9/29/23 | $12,063,623 |
Atlantic Anesthesia Pc Physician Services | 9/29/23 | $3,422,878 |
Avoca Consulting Group Contract Labor/recruiting | 9/29/23 | $959,417 |
Arup Laboratories Inc Reference Labs | 9/29/23 | $916,005 |
Fastaff Llc Contract Labor | 9/29/23 | $819,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,474,589 |
| 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 | $5,474,589 |
| Total Program Service Revenue | $254,134,249 |
| Investment income | $10,287,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,965 |
| Net Gain/Loss on Asset Sales | $7,162,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,221,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,492,859 |
| Grants and other assistance to domestic individuals. | $4,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,999,312 |
| Compensation of current officers, directors, key employees. | $2,999,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,735,450 |
| Pension plan accruals and contributions | $10,149,667 |
| Other employee benefits | $19,599,616 |
| Payroll taxes | $6,697,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $376,382 |
| Fees for services: Accounting | $258,580 |
| Fees for services: Lobbying | $113,584 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $589,367 |
| Fees for services: Other | $23,988,886 |
| Advertising and promotion | $473,048 |
| Office expenses | $2,881,720 |
| Information technology | $7,283,099 |
| Royalties | $0 |
| Occupancy | $4,912,947 |
| Travel | $117,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,933,199 |
| Insurance | $1,280,343 |
| All other expenses | $189,043 |
| Total functional expenses | $285,733,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,145 |
| Savings and temporary cash investments | $10,131,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,684,968 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,444,425 |
| Prepaid expenses and deferred charges | $4,524,373 |
| Net Land, buildings, and equipment | $90,224,741 |
| Investments—publicly traded securities | $274,913,479 |
| Investments—other securities | $14,075,424 |
| Investments—program-related | $2,160,166 |
| Intangible assets | $0 |
| Other assets | $119,082,261 |
| Total assets | $544,242,567 |
| Accounts payable and accrued expenses | $39,218,160 |
| Grants payable | $0 |
| Deferred revenue | $262,302 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,933,060 |
| Total liabilities | $48,413,522 |
| Net assets without donor restrictions | $495,806,454 |
| Net assets with donor restrictions | $22,591 |
| 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 | $544,242,567 |
Grants Awarded
Over the last fiscal year, Sturdy Memorial Hospital has awarded $18,469,929 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ATTLEBORO PURPOSE: COMMUNITY SUPPORT | $18,000 |
STURDY HEALTH INC PURPOSE: GENERAL SUPPORT | $18,445,929 |
ATTLEBORO AREA INTERFAITH COLLABORATIVE PURPOSE: COMMUNITY SUPPORT | $6,000 |