Umass Memorial Health Care Inc
- Assets
- $5.6m
- Revenue
- $24.1m
- Investments
- $0.0
- Employees
- 337
- Location
- Southbridge, MA
- Founding
- 06/2013
- Data as of
- 09/2021
- EIN
- 13-4366504
Organization Overview
Umass Memorial Health Care Inc is located in Southbridge, MA. The organization was established in 2013. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Umass Memorial Health Care Inc employed 337 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Umass Memorial Health Care 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, Umass Memorial Health Care Inc generated $24.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $33.4m during the year ending 09/2021. While expenses have increased by 0.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE - THE PROVISION OF HEALTHCARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HPS SERVES THE CHARITABLE PURPOSES OF HARRINGTON MEMORIAL HOSPITAL BY PROVIDING PHYSICIANS WHO ARE NEEDED TO SERVICE THE HOSPITAL'S COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Moore President/ceo | Officer | 1 | $0 |
Paul Santolucito MD Physician | 40 | $741,985 | |
Young-Ho Oh MD Physician | 40 | $682,892 | |
Samantha Chase MD Physician | 40 | $536,404 | |
Russell Donnelly MD Physician | 40 | $529,627 | |
Francis Powers Physician | 40 | $476,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chmb Purchased Services | 9/29/20 | $1,025,161 |
Allscripts Healthcare Llc Purchased Services | 9/29/20 | $615,370 |
Sanofi Pasteur Inc Supplies | 9/29/20 | $239,730 |
Claflin Supplies | 9/29/20 | $220,859 |
Elite Health Assoc Professional Svcs | 9/29/20 | $182,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,687 |
| Investment income | $303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,087,781 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $21,380,054 |
| Pension plan accruals and contributions | $890,811 |
| Other employee benefits | $3,935,273 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,480 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $886,911 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,153,884 |
| Travel | $3,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,329 |
| Insurance | $1,025,531 |
| All other expenses | $0 |
| Total functional expenses | $33,362,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,316,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,226 |
| Prepaid expenses and deferred charges | $183,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,827,437 |
| Total assets | $5,550,764 |
| Accounts payable and accrued expenses | $4,947,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $4,947,878 |
| Net assets without donor restrictions | $602,886 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $602,886 |