Umass Memorial Health Care Inc
- Assets
- $2.0b
- Revenue
- $3.7b
- Investments
- $283.5m
- Employees
- 17,382
- Location
- Worcester, MA
- Founding
- 07/2000
- Data as of
- 09/2023
- EIN
- 91-2155626
Organization Overview
Umass Memorial Health Care Inc is located in Worcester, MA. The organization was established in 2000. 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 09/2023, Umass Memorial Health Care Inc employed 17,382 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 09/2023, Umass Memorial Health Care Inc generated $3.7b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.6b during the year ending 09/2023. While expenses have increased by 5.5% 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.
Since 2015, Umass Memorial Health Care Inc has awarded 71 individual grants totaling $66,248,468. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UMASS MEMORIAL HEALTH CARE IS COMMITTED TO IMPROVING THE HEALTH OF THE PEOPLE OF CENTRAL NEW ENGLAND THROUGH EXCELLENCE IN CLINICAL CARE, SERVICE, TEACHING AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UMASS MEMORIAL MEDICAL CENTER UMASS MEMORIAL MEDICAL CENTER IS COMMITTED TO IMPROVING THE HEALTH OF THE PEOPLE OF CENTRAL NEW ENGLAND THROUGH EXCELLENCE IN CLINICAL CARE, SERVICE, TEACHING AND RESEARCH. UMASS MEMORIAL MEDICAL CENTER DOES THIS BY PROVIDING INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO THE RESIDENTS OF CENTRAL NEW ENGLAND WITHOUT REGARD TO THEIR ABILITY TO PAY. FY 2023 KEY STATISTICS - TOTAL DISCHARGES: 38,231 TOTAL SURGICAL & ENDOSCOPY CASES: 50,730 TOTAL ER VISITS: 129,574
UMASS MEMORIAL COMMUNITY HOSPITALS THE UMASS MEMORIAL COMMUNITY HOSPITALS (CLINTON HOSPITAL, HEALTH ALLIANCE HOSPITALS, INC., MARLBOROUGH HOSPITAL) ARE COMMITTED TO IMPROVING THE HEALTH OF THE PEOPLE OF THE COMMUNITIES THAT THEY SERVE THROUGH EXCELLENCE IN CLINICAL CARE AND SERVICE. EACH OF THESE HOSPITALS ACCOMPLISHES THIS GOAL BY PROVIDING INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO THE RESIDENTS OF THEIR COMMUNITIES WITHOUT REGARD TO THEIR ABILITY TO PAY. FY 2023 KEY STATISTICS - TOTAL DISCHARGES: 10,554 TOTAL SURGICAL & ENDOSCOPY CASES: 11,782 TOTAL ER VISITS: 81,557
UMASS MEMORIAL MEDICAL GROUP THE UMASS MEMORIAL MEDICAL GROUP IS A MULTISPECIALTY GROUP PRACTICE OF PHYSICIANS WHOSE MISSION AND PURPOSE IS TO SUPPORT THE CLINICAL, EDUCATIONAL, RESEARCH AND COMMUNITY SERVICE MISSIONS OF UMASS MEMORIAL HEALTH CARE AND UMASS MEMORIAL MEDICAL CENTER. UMASS MEMORIAL MEDICAL GROUP ACCOMPLISHES THIS MISSION BY PROVIDING MEDICAL CARE TO RESIDENTS OF CENTRAL NEW ENGLAND WITHOUT REGARD TO THEIR ABILITY TO PAY.
OTHER UMASS MEMORIAL ENTITIES - UMASS MEMORIAL HAS A NUMBER OF SUBSIDIARY ENTITIES THAT FUNCTION PRIMARILY TO DELIVER HEALTH CARE TO PATIENTS OR TO SUPPORT THE DELIVERY OF HEALTH CARE TO PATIENTS OF UMASS MEMORIAL. THEY ACCOMPLISH THIS THROUGH THE DELIVERY OF HEALTH CARE SERVICES WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY. THEY ALSO ACCOMPLISH THIS BY PROVIDING SUPPORT OR PATIENT ADVOCACY SERVICES TO THE PATIENTS OF UMASS MEMORIAL, CENTRAL NEW ENGLAND, AND OTHER GEOGRAPHIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President, Director, Umm Medical Group, Inc. | OfficerTrustee | 40 | $698,414 |
Name Not Listed Vice-Chairperson, Marlborough Hospital | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary, Umm Medical Center, Inc., Officer & Director Various | OfficerTrustee | 5 | $0 |
Name Not Listed President, Director, Umm Harrington Hospital Inc. Officer & Director Various | OfficerTrustee | 40 | $722,750 |
Name Not Listed Vice Chairperson, Director, Umm Medical Center, Inc. | OfficerTrustee | 1 | $0 |
Name Not Listed President & Ceo, Ummhc, Inc. & Affiliates, Director Various | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaya Workforce Solutions Llc Staffing Services | 9/29/23 | $155,469,609 |
Crothall Hlthcare Inc Clinical Engineering Services | 9/29/23 | $5,272,906 |
Sodexo Inc Affiliates Food Management Services | 9/29/23 | $10,562,702 |
Valet Park Of America Parking & Transportation Services | 9/29/23 | $3,516,868 |
Sls Hlth Svcs Llc Staffing Services | 9/29/23 | $8,916,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $263,104 |
| Related organizations | $42,000 |
| Government grants | $78,594,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,871,493 |
| Noncash contributions included in lines 1a–1f | $107,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,770,597 |
| Total Program Service Revenue | $3,625,854,158 |
| Investment income | $12,818,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,052,297 |
| Net Gain/Loss on Asset Sales | $94,635 |
| Net Income from Fundraising Events | -$57,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,733,963,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,190,694 |
| 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. | $21,190,015 |
| Compensation of current officers, directors, key employees. | $4,082,867 |
| Compensation to disqualified persons | $2,086,113 |
| Other salaries and wages | $1,312,437,305 |
| Pension plan accruals and contributions | $91,177,516 |
| Other employee benefits | $211,645,683 |
| Payroll taxes | $90,006,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,215 |
| Fees for services: Accounting | $488,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $577,559 |
| Fees for services: Other | $539,065,830 |
| Advertising and promotion | $487,237 |
| Office expenses | $39,291,079 |
| Information technology | $10,481,697 |
| Royalties | $0 |
| Occupancy | $56,291,899 |
| Travel | $2,126,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,374,900 |
| Interest | $16,484,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,086,147 |
| Insurance | $5,243,089 |
| All other expenses | $3,962,102 |
| Total functional expenses | $3,580,384,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,556,342 |
| Savings and temporary cash investments | $44,862,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,980,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,517,415 |
| Inventories for sale or use | $62,193,692 |
| Prepaid expenses and deferred charges | $41,520,107 |
| Net Land, buildings, and equipment | $742,345,526 |
| Investments—publicly traded securities | $48,650,117 |
| Investments—other securities | $283,478,835 |
| Investments—program-related | $83,377,664 |
| Intangible assets | $25,347,153 |
| Other assets | $230,293,947 |
| Total assets | $2,005,123,909 |
| Accounts payable and accrued expenses | $320,807,317 |
| Grants payable | $0 |
| Deferred revenue | $8,834,799 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,227 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,064,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $652,947,991 |
| Total liabilities | $1,002,664,989 |
| Net assets without donor restrictions | $896,828,538 |
| Net assets with donor restrictions | $105,630,382 |
| 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 | $2,005,123,909 |
Grants Awarded
Over the last fiscal year, Umass Memorial Health Care Inc has awarded $9,162,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY HEALTH CENTER OF WORCESTER INC PURPOSE: 1. Support for Health Center's mission. The standard set forth is a reasonable expectation that the Grants will contribute meaningfully to each of the Health Center's ability to maintain or increase the availability, or enhance the quality, of services provided to a medically underserved population serviced by the Health Centers. Each Health Center has documented the basis for said reasonable expectation. | $1,000,000 |
EDWARD M KENNEDY COMMUNITY HEALTH CTR INC PURPOSE: 2. Support for Health Center's mission. The standard set forth is a reasonable expectation that the Grants will contribute meaningfully to each of the Health Center's ability to maintain or increase the availability, or enhance the quality, of services provided to a medically underserved population serviced by the Health Centers. Each Health Center has documented the basis for said reasonable expectation. | $1,000,000 |
PHYSICIAN HEALTH SERVICES INC PURPOSE: 4. Support for Caring for Physicians Health Campaign. Physician Health, Inc. is to provide confidential consultation and support to physicians, residents, and medical students- Malpractice captive's portion of the aggregate contribution. | $27,500 |
AMERICAN HEART ASSOCIATION INC PURPOSE: 5. Support for American Heart Association | $25,000 |
UMASS CHAN MEDICAL SCHOOL PURPOSE: 3. Primary purpose of the academic investment funds is to support the University of Massachusetts Medical School programs. - $7,100,000 | $7,100,000 |
UNITED WAY OF NORTH CENTRAL MASSACHUSETTS INC PURPOSE: 6. Support for Leominster Flood Relief | $10,000 |