Baystate Medical Center Inc
- Assets
- $1.5b
- Revenue
- $1.7b
- Investments
- $146.3m
- Employees
- 10,801
- Location
- Springfield, MA
- Founding
- 06/1983
- Data as of
- 09/2022
- EIN
- 04-2790311
Organization Overview
Baystate Medical Center Inc is located in Springfield, MA. The organization was established in 1983. 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 Medical Center Inc employed 10,801 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Medical Center Inc 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 Medical Center Inc generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.7b during the year ending 09/2022. While expenses have increased by 6.0% 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.
Since 2016, Baystate Medical Center Inc has awarded 35 individual grants totaling $106,457,845. 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
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 MEDICAL CENTER, INC. PROVIDED 241,665 PATIENT DAYS OF INPATIENT SERVICES, WITH 43,558 DISCHARGES.
PROVIDING PHARMACY AND SUPPORT 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 MEDICAL CENTER, INC. HAD 342,724 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 MEDICAL CENTER, INC. HAD 102,919 EMERGENCY DEPARTMENT VISITS.
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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 | 1 | $751,828 |
Wayne Duke MD Trustee (as Of 1/1/23)/asc Pathlgst | Trustee | 50 | $430,337 |
Akinyele K Lovelace DO Trustee/per Diem Internist | Trustee | 1 | $66,500 |
Arley Diaz MD Trustee (thru 12/31/22) | Trustee | 1 | $0 |
Sara Rourke MD Trustee/per Diem Urgent Care Physcn | Trustee | 1 | $12,555 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baystate Medical Practices Medical, Educational & Clinical Services | 9/29/23 | $91,481,343 |
Baystate Administrative Services Management Services | 9/29/23 | $97,383,829 |
Shiftwise Contract Services | 9/29/23 | $66,441,068 |
Shields Specialty Pharmacy Management Services | 9/29/23 | $14,921,576 |
Unitex Textile Services Contract Services | 9/29/23 | $4,019,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,503,980 |
| Government grants | $38,282,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,226,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,012,045 |
| Total Program Service Revenue | $1,479,412,681 |
| Investment income | $9,031,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$326,403 |
| Net Gain/Loss on Asset Sales | $108,833,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,716,317,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,513,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $52,571 |
| Other salaries and wages | $582,443,367 |
| Pension plan accruals and contributions | $25,505,586 |
| Other employee benefits | $60,941,760 |
| Payroll taxes | $42,451,656 |
| Fees for services: Management | $66,592,665 |
| Fees for services: Legal | $340,006 |
| Fees for services: Accounting | $655,636 |
| Fees for services: Lobbying | $70,852 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,847,729 |
| Advertising and promotion | $251,800 |
| Office expenses | $34,676,916 |
| Information technology | $92,028,549 |
| Royalties | $0 |
| Occupancy | $22,243,964 |
| Travel | $1,057,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,678,301 |
| Interest | $7,114,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,874,036 |
| Insurance | $9,360,234 |
| All other expenses | $391,293,508 |
| Total functional expenses | $1,677,994,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,628,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,398,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,452,376 |
| Prepaid expenses and deferred charges | $4,715,576 |
| Net Land, buildings, and equipment | $688,963,880 |
| Investments—publicly traded securities | $320,287,512 |
| Investments—other securities | $146,323,566 |
| Investments—program-related | $0 |
| Intangible assets | $1,552,027 |
| Other assets | $35,466,102 |
| Total assets | $1,548,788,530 |
| Accounts payable and accrued expenses | $175,228,735 |
| Grants payable | $0 |
| Deferred revenue | $3,397,755 |
| Tax-exempt bond liabilities | $490,817,011 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,420,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,112,509 |
| Total liabilities | $755,976,190 |
| Net assets without donor restrictions | $777,494,682 |
| Net assets with donor restrictions | $15,317,658 |
| 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 | $1,548,788,530 |
Grants Awarded
Over the last fiscal year, Baystate Medical Center Inc has awarded $12,711,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAYSTATE HEALTH INC PURPOSE: STRATEGIC INITIATIVES | $12,696,000 |
CHD CANCER HOUSE OF HOPE INC PURPOSE: FUNDING EXPENSES OF THE MOST WELL-ATTENDED CHH PROGRAMMING UTILIZED BY WOMEN WITH BREAST CANCER | $9,000 |
YMCA OF GREATER SPRINGFIELD PURPOSE: FUNDING PARTICIPATION FOR BREAST CANCER SURVIVORS IN THE LIVESTRONG PROGRAM. LIVESTRONG AT THE Y IS A 12-WEEK EXERCISE PROGRAM FOR ADULT CANCER SURVIVORS IN ANY STAGE OF THEIR SURVIVORSHIP JOURNEY. THIS PROGRAM HELPS BUILD STRENGTH, ENDURANCE, FLEXIBILITY AND BALANCE TO HELP CANCER SURVIVORS GET STRONGER, FEEL BETTER AND GET BACK TO WHERE THEY WANT TO BE. THE GROUP SETTING PROVIDES CONNECTIONS WITH OTHER CANCER SURVIVORS, WHICH CAN BE EQUALLY IMPORTANT AS THE PHYSICAL COMPONENT. | $6,000 |