Athol Memorial Hospital Nmtc Holdings Inc
- Assets
- $17.7m
- Revenue
- $644.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Gardner, MA
- Founding
- 09/2017
- Data as of
- 09/2023
- EIN
- 82-2171549
Organization Overview
Athol Memorial Hospital Nmtc Holdings Inc is located in Gardner, MA. The organization was established in 2017. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athol Memorial Hospital Nmtc Holdings 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 09/2023, Athol Memorial Hospital Nmtc Holdings Inc generated $644.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $720.7k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE OPERATIONS AND PURPOSES OR ATHOL MEMORIAL HOSPITAL, INCLUDING LEASING LAND, CONSTRUCTING A NEW MEDICAL OFFICE BUILDING AND EMERGENCY DEPARTMENT, AND PURCHASING EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSE OF THE CORPORATION IS LIMITED TO THE SUPPORT OF THE OPERATIONS AND PURPOSES OF ATHOL MEMORIAL HOSPITAL, A MA NON-PROFIT TAX-EXEMPT HOSPITAL. SUCH SUPPORT SHALL INCLUDE (I) LEASING LAND FROM AMH, (II) DESIGNING, PERMITTING, AND CONSTRUCTING A NEW MEDICAL OFFICE BUILDING ON THE LAND, COMPRISED OF AN EMERGENCY DEPARTMENT, PHYSICIAN PRACTICE SPACE AND LOBBY. ADDITIONAL COMMERCIAL OFFICE SPACE, PARKING AREAS ADJACENT TO THE MOB, AND UTILITIES AND OTHER INFRASTRUCTURE. (III) RENOVATING THE AMH IMAGING DEPARTMENT, (IV) AQUIRING CERTAIN MEDICAL EQUIPMENT, (V) LEASING THE ED, PHYSICIAN PRACTICE SPACE, THE PARKING AREAS AND EQUIPMENT TO AMH, (VI) LEASING THE ADDITIONAL OFFICE SPACE AND PARKING AREAS TO A NON-PROFIT, TAX-EXEMPT CORPORATION, AND (VII) ALL OTHER PURPOSES PERMITTED BY LAW THAT FURTHER THE CORPORATION'S SUPPORT OF AMH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Chauvin Chairman | OfficerTrustee | 0.2 | $0 |
Roy Lake Vice Chairman | OfficerTrustee | 0.2 | $0 |
Albert Rose 2nd Vice Chairman | OfficerTrustee | 0.2 | $0 |
Cheney Castine Treasurer | OfficerTrustee | 0.2 | $0 |
Joanne Parks Clerk | OfficerTrustee | 0.2 | $0 |
Joyce Fletcher Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutter Construction Corp Construction | 9/29/20 | $3,659,497 |
A & E Environmental Inc Asebestos Removal | 9/29/20 | $117,612 |
Smrt Inc Architects | 9/29/20 | $167,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $644,211 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,211 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $212,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,736 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $720,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,533,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,695,224 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,660,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,660,000 |
| Net assets without donor restrictions | $1,035,224 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,695,224 |