Baystate Noble Hospital Corporation
- Assets
- $55.6m
- Revenue
- $68.7m
- Investments
- $0.0
- Employees
- 767
- Location
- Westfield, MA
- Founding
- 01/1987
- Data as of
- 09/2021
- EIN
- 22-2537423
Organization Overview
Baystate Noble Hospital Corporation is located in Westfield, MA. The organization was established in 1987. 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 Noble Hospital Corporation employed 767 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Noble Hospital Corporation 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, Baystate Noble Hospital Corporation generated $68.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $68.7m during the year ending 09/2021. While expenses have increased by 2.5% 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
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 NOBLE HOSPITAL PROVIDED 17,829 PATIENT DAYS OF INPATIENT SERVICES.
PROVIDING LAB, 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 NOBLE HOSPITAL HAD 112,455 OUTPATIENT VISITS.
EMERGENCY DEPARTMENTS SERVICES - PROVIDING EMERGENCY DEPARTMENT SERVICES TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY23, BAYSTATE NOBLE HOSPITAL HAD 31,426 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 |
Sundeep Shukla MD Trustee (as Of 1/1/23)/ces | Trustee | 50 | $486,694 |
Denzil M Reid MD Trustee (thru 12/31/22)/med Dr Plmng | Trustee | 49 | $432,782 |
Akinyele K Lovelace DO Trustee/per Diem Internist | Trustee | 1 | $66,500 |
Sara Rourke MD Trustee/per Diem Urgent Care Physcn | Trustee | 1 | $12,555 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baystate Administrative Services In Management/i.s. Services | 9/29/23 | $3,161,715 |
Baystate Medical Practices Inc Medical, Educational & Clinical Services | 9/29/23 | $9,098,982 |
Shiftwise Support Services | 9/29/23 | $2,622,995 |
Baystate Medical Center Support Services | 9/29/23 | $2,399,907 |
Morrison Mamagement Contracted Services | 9/29/23 | $2,237,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,674,140 |
| Investment income | $37,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$27,305 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,736,479 |
| 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. | $287,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,353,068 |
| Pension plan accruals and contributions | $566,211 |
| Other employee benefits | $2,833,164 |
| Payroll taxes | $1,999,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237,227 |
| Fees for services: Accounting | $25,804 |
| Fees for services: Lobbying | $12,495 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,811,900 |
| Advertising and promotion | $117,532 |
| Office expenses | $853,871 |
| Information technology | $38,923 |
| Royalties | $0 |
| Occupancy | $1,008,376 |
| Travel | $1,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,565 |
| Interest | $108,329 |
| Payments to affiliates | $1,051,688 |
| Depreciation, depletion, and amortization | $4,566,472 |
| Insurance | $173,354 |
| All other expenses | $0 |
| Total functional expenses | $68,703,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,452,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,030,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $914,914 |
| Prepaid expenses and deferred charges | $120,170 |
| Investments—publicly traded securities | $5,057,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,415,189 |
| Total assets | $55,567,412 |
| Accounts payable and accrued expenses | $10,849,865 |
| Grants payable | $0 |
| Deferred revenue | $7,341,098 |
| 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 | $466,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,137,637 |
| Total liabilities | $24,795,331 |
| Net assets without donor restrictions | $25,132,711 |
| Net assets with donor restrictions | $5,639,370 |
| 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 | $30,772,081 |