Brockton Hospital Inc
- Assets
- $322.8m
- Revenue
- $367.3m
- Investments
- $5.6m
- Employees
- 2,642
- Location
- Brockton, MA
- Founding
- 11/1983
- Data as of
- 09/2023
- EIN
- 22-2472997
Organization Overview
Brockton Hospital Inc, operating under the name Signature Healthcare Brockton Hosp, is located in Brockton, 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, Signature Healthcare Brockton Hosp employed 2,642 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signature Healthcare Brockton Hosp 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, Signature Healthcare Brockton Hosp generated $367.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $317.2m during the year ending 09/2023. While expenses have increased by 2.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIGNATURE HEALTHCARE BROCKTON HOSPITAL IS A COMMUNITY-BASED NOT-FOR-PROFIT (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
BROCKTON HOSPITAL IS AN ACUTE CARE HOSPITAL LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO OPERATE 216 ACUTE CARE BEDS (COMPOSED OF 131 MEDICAL/SURGICAL, 16 INTENSIVE CARE, 8 PEDIATRIC, 20 OBSTETRIC, 22 PSYCHIATRIC), AND 19 BASSINETS (COMPOSED OF 13 WELLINFANT AND 6 SPECIAL CARE). THE HOSPITAL OFFERS A COMPREHENSIVE RANGE OF HEALTH CARE SERVICES TO MEET DIVERSE COMMUNITY NEEDS INCLUDING EMERGENCY CARE, ACUTE CARE (INCLUDING MEDICAL/SURGICAL, OBSTETRICS, PEDIATRIC, PSYCHIATRIC, CARDIAC, AND CANCER CARE. THE HOSPITAL PROVIDES FREE CARE TO THOSE WHO ARE UNABLE TO PAY, SPONSORS FREE HEALTH SCREENINGS, VARIOUS SUPPORT GROUPS AND EDUCATIONAL PROGRAMS, INCLUDING PUBLIC HEALTH EDUCATION, WELLNESS PROGRAMS AND THE TRAINING OF HEALTH PROFESSIONALS SUCH AS FIRST RESPONDER EDUCATION AND TRAINING. DURING THE YEAR ENDED SEPTEMBER 30, 2023 THE HOSPITAL HAD 5,377 TOTAL DISCHARGES AND OBSERVATIONS, 19,713 TOTAL PATIENT DAYS, AND 192,130 OUTPATIENT CLINIC VISITS. THE HOSPITAL'S EMERGENCY DEPARTMENT HAD 19,798 VISITS DURING THE FISCAL YEAR AND IS OPEN 24 HOURS A DAY, EVERY DAY OF THE YEAR AND PROVIDES CARE REGARDLESS OF ONE'S ABILITY TO PAY. DURING FISCAL YEAR 2023, BROCKTON HOSPITAL HAD A FIRE ON FEBUARY 7, 2023 CAUSING THE CLOSURE OF THE HOSPITAL. AFTER THE FIRE, BROCKON HOSPITAL OPENED 2 URGENT CARE CENTERS TO SERVICE THE COMMUNITY AND HAD 23,500 VISITS FROM FEBRUARY 2023 THROUGH SEPTEMBER 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Haffey President/ceo | OfficerTrustee | 50 | $688,766 |
David Drinkwater MD Physician, Trustee | Trustee | 1 | $0 |
Karen E Murphy Senior VP General Counsel | 50 | $418,142 | |
Victor A Tsveybel Rn/ Instructor | 50 | $378,150 | |
Kim N Hollon Former President/ceo | 0 | $389,451 | |
Kimberly Walsh Sr. Vp/chief Nursing Officer | Officer | 50 | $345,721 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matrix Anesthesia Physician Services | 9/29/23 | $5,248,091 |
Douglas A King Limited Partnership Real Estate | 9/29/23 | $778,535 |
Universal Protection Service Lp Security Services | 9/29/23 | $2,730,839 |
Mm Brockton Son Llc Real Estate | 9/29/23 | $752,952 |
Pratt Pediatric Associates Physician Services | 9/29/23 | $1,609,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,257,034 |
| 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 | $10,257,034 |
| Total Program Service Revenue | $193,859,478 |
| Investment income | $2,401,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $562,816 |
| Net Gain/Loss on Asset Sales | $3,534,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,295,141 |
| 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. | $1,545,080 |
| Compensation of current officers, directors, key employees. | $1,545,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,724,183 |
| Pension plan accruals and contributions | $4,868,873 |
| Other employee benefits | $17,171,228 |
| Payroll taxes | $8,933,034 |
| Fees for services: Management | $5,209,639 |
| Fees for services: Legal | $1,359,312 |
| Fees for services: Accounting | $345,480 |
| Fees for services: Lobbying | $105,097 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $943,875 |
| Office expenses | $3,772,267 |
| Information technology | $1,910,234 |
| Royalties | $0 |
| Occupancy | $5,469,299 |
| Travel | $131,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,825,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,279,024 |
| Insurance | $2,666,421 |
| All other expenses | $34,654,531 |
| Total functional expenses | $317,198,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,225 |
| Savings and temporary cash investments | $54,527,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,402,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,084,186 |
| Inventories for sale or use | $5,467,260 |
| Prepaid expenses and deferred charges | $11,579,278 |
| Net Land, buildings, and equipment | $136,089,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,563,550 |
| Investments—program-related | $0 |
| Intangible assets | $990,000 |
| Other assets | $98,138,769 |
| Total assets | $322,843,764 |
| Accounts payable and accrued expenses | $61,158,265 |
| Grants payable | $0 |
| Deferred revenue | $9,907,311 |
| Tax-exempt bond liabilities | $68,804,169 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,864,451 |
| Total liabilities | $181,784,196 |
| Net assets without donor restrictions | $127,547,964 |
| Net assets with donor restrictions | $13,511,604 |
| 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 | $322,843,764 |