Berkshire Medical Center Inc
- Assets
- $782.9m
- Revenue
- $631.8m
- Investments
- $41.7m
- Employees
- 3,557
- Location
- Pittsfield, MA
- Founding
- 01/1984
- Data as of
- 09/2021
- EIN
- 04-2791396
Organization Overview
Berkshire Medical Center Inc is located in Pittsfield, MA. The organization was established in 1984. 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, Berkshire Medical Center Inc employed 3,557 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire 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 09/2021, Berkshire Medical Center Inc generated $631.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $554.7m during the year ending 09/2021. While expenses have increased by 3.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HEALTH & WELLNESS OF OUR COMMUNITY IN A WELCOMING, INCLUSIVE, & PERSONALIZED ENVIRONMENT.
Describe the Organization's Program Activity:
OPERATE AN ACUTE CARE GENERAL HOSPITAL AND MEDICAL EDUCATIONAL FACILITY, AND TO DELIVER THE HIGHEST QUALITY PATIENT CENTERED CARE IN A LEARNING ENVIRONMENT. TOTAL PATIENT DAYS FOR THE YEAR ARE 59,996, TOTAL LAB PROCEDURES 1,567,545, TOTAL RADIOLOGY PROCEDURES 178,243, TOTAL REHAB VISITS 56,847. HOURS OF OPERATION 24/HRS 365/DAYS PER YEAR.
OPERATION OF AN EMERGENCY DEPARTMENT AND TRAUMA CARE CENTER AVAILABLE TO ALL REGARDLESS OF ABILITY TO PAY. TOTAL VISITS FOR THE YEAR 54,297. ED IS IN OPERATION 24 HRS/DAY 365 DAYS/YEAR.
VISITING NURSE PROGRAM ALLOWING FOR THE CARE AND REHABILITATION OF PATIENTS IN THEIR OWN HOME ENVIRONMENT. TOTAL VISITS FOR THE YEAR 60,203 DETAILED AS FOLLOWS SKILLED NURSING 32,028 HOME HEALTH AIDE 3,673, REHAB 23,937, AND SOCIAL SERVICE 565. HOURS OF OPERATION 7 DAYS/WEEK 8AM-9PM WITH A NURSE ON CALL 24 HOURS.
OPERATE A SUBSTANCE ABUSE CENTER PROVIDING THE HIGHEST QUALITY OF PATIENT CARE. TOTAL PATIENT DAYS FOR THE YEAR 6,490. PROGRAM OPERATES 24 HRS/DAY 365 DAYS/YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Burns-Lambert MD Anesthesiologist | 50 | $560,427 | |
Raymond Gary Sohl MD Anesthesiologist | 50 | $542,424 | |
Carlos Maramag MD Anesthesiologist | 50 | $501,439 | |
Robert W Malinowski MD Hospitalist | 50 | $498,439 | |
David Pomerantz MD Anesthesiologist | 50 | $494,573 | |
Michael Mchugh MD Chairman-E.d. Medicine | Officer | 50 | $493,628 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Inc Contracted Labor | 9/29/21 | $4,428,715 |
Fastaff Llc Contracted Labor | 9/29/21 | $3,715,713 |
Shields Pharmacy Of The Berkshire Pharmacy Consultant | 9/29/21 | $3,172,212 |
Medtigo Staffing Llc Contracted Labor | 9/29/21 | $2,078,627 |
Ahsa Contracted Labor | 9/29/21 | $1,571,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,329,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $663,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,993,447 |
| Total Program Service Revenue | $593,096,263 |
| Investment income | $13,410,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$142,221 |
| Net Gain/Loss on Asset Sales | $22,016,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,822,397 |
| 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. | $671,512 |
| Compensation of current officers, directors, key employees. | $671,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,437,548 |
| Pension plan accruals and contributions | $8,295,987 |
| Other employee benefits | $42,421,927 |
| Payroll taxes | $17,423,263 |
| Fees for services: Management | $36,293,953 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $41,481 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,773 |
| Fees for services: Other | $12,060,832 |
| Advertising and promotion | $0 |
| Office expenses | $363,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,272,923 |
| Travel | $420,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,059,122 |
| Payments to affiliates | $376,861 |
| Depreciation, depletion, and amortization | $32,765,774 |
| Insurance | $3,596,249 |
| All other expenses | $4,885,119 |
| Total functional expenses | $554,733,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,545 |
| Savings and temporary cash investments | $157,777,644 |
| Pledges and grants receivable | $193,004 |
| Accounts receivable, net | $52,355,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,834,951 |
| Inventories for sale or use | $13,852,607 |
| Prepaid expenses and deferred charges | $2,417,168 |
| Net Land, buildings, and equipment | $193,273,759 |
| Investments—publicly traded securities | $276,388,683 |
| Investments—other securities | $41,740,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,080,559 |
| Total assets | $782,927,301 |
| Accounts payable and accrued expenses | $62,352,196 |
| Grants payable | $0 |
| Deferred revenue | $219,435 |
| Tax-exempt bond liabilities | $55,026,720 |
| 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 | $124,472,946 |
| Total liabilities | $242,071,297 |
| Net assets without donor restrictions | $501,052,147 |
| Net assets with donor restrictions | $39,803,857 |
| 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 | $782,927,301 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Berkshire Medical Center Inc has recieved totaling $93,617.
| Awarding Organization | Amount |
|---|---|
Pittsfield Anti-Tuberculosis Association Becket, MA PURPOSE: PROGRAM | $33,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: TO SUPPORT PATIENTS & CHARITABLE PURPOSES | $15,617 |
Fallon Community Health Plan Inc Worcester, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Frelinghuysen Foundation Far Hills, NJ PURPOSE: GENERAL SUPPORT | $2,500 |
K M D Foundation Boca Raton, FL PURPOSE: ACCOMPLISH MISSION | $1,000 |
Endowment Analysis
| Beg. Balance | $30,131,752 |
| Earnings | $5,235,776 |
| Other Expense | -$720 |
| Grants | -$8,500 |
| Ending Balance | $35,358,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |