EMERSON HOSPITAL

EIN: 042103565 501(c)(3) Health Care

CONCORD, MA

Total Revenue
$387,341,406
Total Expenses
$367,051,501
Total Assets
$301,380,465
Net Assets
$113,433,046
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Organization Details

Formation Year
1924
Legal Domicile
MA
Principal Officer
SCOTT KOSOWICZ
Phone
9782878709
Tax Period
2023-10-01 to 2024-09-30

EMERSON HOSPITAL, founded in 1924, is a major nonprofit in the Health Care sector that reported $387.3M in total revenue in fiscal year 2023. Expenses of $367.1M left a modest 5% surplus.

Mission

THE MISSION OF EMERSON HOSPITAL IS TO DELIVER HIGH QUALITY, SAFE AND COST-EFFECTIVE CARE TO OUR PATIENTS AND TO MAINTAIN A PROFESSIONAL AND RESPECTFUL ENVIRONMENT FOR ALL MEMBERS OF THE EMERSON HOSPITAL COMMUNITY. WE DEFINE HIGH QUALITY AS MEETING OR EXCEEDING THE REQUIREMENTS OF OUR CUSTOMERS: PATIENTS, PHYSICIANS, EMPLOYEES, THE COMMUNITY AND PAYERS.

Program Service Accomplishments

Program 1
Expenses: $86,708,688 Revenue: $96,951,307

EMERSON HOSPITAL IS AN 199-BED ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES SERVICES TO INPATIENTS. THE FACILITY INCLUDES THE FOLLOWING UNITS: THREE MEDICAL/SURGICAL UNITS, A LOCKED...

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EMERSON HOSPITAL IS AN 199-BED ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES SERVICES TO INPATIENTS. THE FACILITY INCLUDES THE FOLLOWING UNITS: THREE MEDICAL/SURGICAL UNITS, A LOCKED BEHAVIORAL HEALTH UNIT, A LOCKED MATERNITY/OBSTETRICS UNIT, A CRITICAL CARE UNIT, A SHORT TERM REHABILITATION TRANSITIONAL CARE UNIT, A PEDIATRICS UNIT AND A SPECIAL CARE NURSERY. EMERSON HOSPITAL SERVED 7,316 INPATIENTS AND 2,240 OBSERVATION PATIENTS FOR A TOTAL OF 37,673 PATIENT DAYS.

Program 2
Expenses: $249,894,513 Revenue: $266,852,772

EMERSON HOSPITAL IS AN ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES A VARIETY OF SERVICES ON AN OUTPATIENT BASIS. EMERSON PERFORMED 11,043 PROCEDURES ON OUTPATIENTS DURING THE FISCAL YEAR...

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EMERSON HOSPITAL IS AN ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES A VARIETY OF SERVICES ON AN OUTPATIENT BASIS. EMERSON PERFORMED 11,043 PROCEDURES ON OUTPATIENTS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024 IN ADDITION, THE HOSPITAL ALSO HAD 35,775 EMERGENCY DEPARTMENT VISITS AND 96,044 REHABILITATION SERVICE VISITS.

Program 3
Expenses: $4,661,056 Revenue: $5,211,652

EMERSON HOSPITAL PROVIDES HOMECARE SERVICES. HOME CARE IS AVAILABLE 24 HOURS PER DAY AND 7 DAYS PER WEEK TO HOMEBOUND PATIENTS OF ALL AGES. PRIMARY HOMECARE SERVICES INCLUDE PROFESSIONAL NURSES WHO...

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EMERSON HOSPITAL PROVIDES HOMECARE SERVICES. HOME CARE IS AVAILABLE 24 HOURS PER DAY AND 7 DAYS PER WEEK TO HOMEBOUND PATIENTS OF ALL AGES. PRIMARY HOMECARE SERVICES INCLUDE PROFESSIONAL NURSES WHO DELIVER MEDICAL CARE AS ORDERED BY PHYSICIANS, REHABILITATION PROFESSIONALS WHO WORK WITH PATIENTS TO RESTORE FUNCTION AND INDEPENDENCE AND HOME HEALTH AIDES WHO ASSIST WITH PERSONAL CARE TASKS. FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024 EMERSON HOSPITAL SAW 1,722 NEW HOMECARE PATIENTS AND PERFORMED 18,526 HOMECARE VISITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,367,574
Program Service Revenue $347,376,478
Investment Income $16,542,544
Other Revenue $21,054,810
TOTAL REVENUE $387,341,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,728,930
Fundraising Expenses $0
Program Expenses $341,264,257
Other Expenses $164,322,571
TOTAL EXPENSES $367,051,501

Year-over-Year Comparison

2023 2022 Change
Revenue $387,341,406 $358,675,417 +0.1%
Expenses $367,051,501 $367,286,794 0.0%
Net Income $20,289,905 $-8,611,377 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
16
Employees
2704
Volunteers
225

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$2,423,161
Total Directors
20
$3,778,463
Key Employees
1
$463,556
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY S CAMPBELL TREASURER 4.00
Officer Director
$0 $0 $0
JAMES DIGIOVANNI SECRETARY 4.00
Officer Director
$0 $0 $0
CHRISTINE C SCHUSTER PRESIDENT AND CEO 56.00
Officer Director
$1,370,489 $313,345 $1,683,834
BENJAMIN TILLINGER MD MED STAFF PRESIDENT 4.00
Director
$0 $33,354 $520,425
PAUL BIRCH VICE CHAIR 4.00
Director
$0 $0 $0
CHRISTINA MARTIN ASSISTANT SECRETARY 4.00
Director
$104,412 $13,955 $118,367
RICHARD CHURCHILL DIRECTOR 4.00
Director
$0 $0 $0
ROSE ANN GIORDANO DIRECTOR 4.00
Director
$0 $0 $0
JAMES STREET MD DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL ZAK DIRECTOR 4.00
Director
$0 $0 $0
ANNA RASMUSSEN DIRECTOR 4.00
Director
$0 $0 $0
EILEEN DEIGNAN MD DIRECTOR 4.00
Director
$0 $0 $0
JOHN HICKLING DIRECTOR 4.00
Director
$0 $0 $0
DAVID LAUTZ MD DIRECTOR 4.00
Director
$0 $39,572 $1,455,837
JOHN BOYNTON DIRECTOR 4.00
Director
$0 $0 $0
DAVID ROSE MD DIRECTOR 4.00
Director
$0 $0 $0
WILLIAM RYAN DIRECTOR 4.00
Director
$0 $0 $0
JILL STANSKY DIRECTOR 4.00
Director
$0 $0 $0
JOSHUA M NELSON DIRECTOR 4.00
Director
$0 $0 $0
GLORIA L CLOUGH CHAIR 4.00
Officer Director
$0 $0 $0
STEPHEN COCO SR VP, CFO, ASSISTANT TREASURER 30.00
Officer
$651,704 $87,623 $739,327
CRAIG BEST PRESIDENT (EPA) 30.00
Key Emp
$463,556 $0 $463,556
JOHN DOWD MD PHYSICIAN 0.00
Highest
$0 $39,572 $635,123
DAVID KAHAN MD PHYSICIAN 0.00
Highest
$0 $5,300 $657,256
JENNIFER NAYOR MD PHYSICIAN 0.00
Highest
$0 $39,572 $688,693
ARTHUR LEE MD PHYSICIAN 0.00
Highest
$0 $33,354 $775,668
MARK MOSCHELLA MD PHYSICIAN 0.00
Highest
$0 $33,354 $751,975
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $387,341,406 $367,051,501 $301,380,465 $20,289,905
2023 $358,675,417 $367,286,794 $293,341,738 $-8,611,377
2022 $351,532,242 $347,108,419 $262,100,306 $4,423,823
2021 $319,206,496 $314,824,760 $265,964,885 $4,381,736
2020 $263,442,696 $286,078,180 $233,345,597 $-22,635,484
2019 $272,071,713 $268,383,047 $213,357,704 $3,688,666
2018 $251,264,701 $244,835,546 $196,171,179 $6,429,155
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