Harrington Memorial Hospital Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1928

Legal Domicile

Principal Officer

JOHN BRONHARD

Phone

5087658130

Tax Period

2020-10-01 to 2021-09-30

Harrington Memorial Hospital Inc, founded in 1928, is a major nonprofit in the Health Care sector that reported $159.1M in total revenue in fiscal year 2020. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $143.4M left a modest 10% surplus.

Mission

THE PRIMARY MISSION OF THE HOSPITAL IS TO PROVIDE HIGH QUALITY MEDICAL SERVICES IN A COST EFFICIENT MANNER TO THE RESIDENTS OF SOUTH CENTRAL MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $120,257,455 Revenue: $147,855,150

THE OPERATION OF AN ACUTE CARE HOSPITAL, WHICH HAD OVER 285,000 OUTPATIENT VISITS DURING THE YEAR ENDED SEPTEMBER 30, 2021. THE OPERATION OF AN ACUTE CARE HOSPITAL, WHICH PROVIDED OVER 20,000 DAYS OF INPATIENT CARE DURING THE YEAR ENDED SEPTEMBER 30, 2021. IN FY 2021 THE HOSPITAL HAD 113 BEDS AND 12 NURSERIES. THE OPERATION OF AN ACUTE CARE HOSPITAL, WHICH PROVIDED TREATMENT FOR OVER 41,000 EMERGENCY ROOM VISITS DURING THE YEAR ENDED SEPTEMBER 30, 2021.

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $7,213,207

Program Service Revenue $142,035,444

Investment Income $3,809,652

Other Revenue $6,048,568

TOTAL REVENUE $159,106,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,647,148

Fundraising Expenses $284,151

Program Expenses $120,257,455

Other Expenses $61,755,378

TOTAL EXPENSES $143,402,526

Year-over-Year Comparison

	2020	2019	Change
Revenue	$159,106,871	$139,095,668	+0.1%
Expenses	$143,402,526	$147,429,383	0.0%
Net Income	$15,704,345	$-8,333,715	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1642

Volunteers

390

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

$1,589,995

Total Directors

Key Employees

$1,600,666

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD H MOORE	PRESIDENT/CEO	40.0	Officer	$1,048,180	$56,437	$1,104,617
THOMAS SULLIVAN	VICE PRESIDENT/TREASURER	40.0	Officer	$437,274	$48,104	$485,378
MARIA RUSSO-APPEL	PHYSICIAN	40.0	Highest	$395,250	$14,016	$409,266
HAROLD R LEMIEUX	VP AND CIO	40.0	Key Emp	$366,050	$24,177	$390,227
RICHARD LISTERUD	PHYSICIAN	40.0	Highest	$359,324	$24,056	$383,380
CHRISTOPHER CANIFF	VP OF HR	40.0	Key Emp	$335,652	$5,672	$341,324
THOMAS HIJECK MD	VP OF NURSING	40.0	Key Emp	$282,800	$31,388	$314,188
JESSICA CALCIDISE	VP of Behavioral Health	40.0	Key Emp	$273,802	$32,914	$306,716
SARAH CALNAN	Physician	40.0	Highest	$270,325	$13,179	$283,504
GREGORY MIRHEJ	VP of Patient Care	40.0	Key Emp	$233,255	$14,956	$248,211
GEORGE GACHUMA	Physician	40.0	Highest	$215,420	$9,363	$224,783
ALLISON FARRELL	Physician	36.0	Highest	$181,019	$17,000	$198,019
RANDALL V BECKER	VICE CHAIR	1.0	Director	$0	$0	$0
DEBORAH BOYD	DIRECTOR	1.0	Director	$0	$0	$0
KATHLEEN CHARETTE	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY M DETARANDO	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY JAY DETARANDO	PAST CHAIR	1.0	Director	$0	$0	$0
JOSE DINGUI	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL ENGEL	SECRETARY	1.0	Director	$0	$0	$0
JAMES FAUST MD	DIRECTOR	1.0	Director	$0	$0	$0
JOHN MICHAEL MCGLONE	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT MUENZBERG JR	DIRECTOR	1.0	Director	$0	$0	$0
MARK PALMERINO	CHAIR	1.0	Director	$0	$0	$0
JOHN TUMOLO MD	DIRECTOR	1.0	Director	$0	$0	$0
NATALIE STANLEY DMD	DIRECTOR	1.0	Director	$0	$0	$0

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
2021	$159,106,871	$143,402,526	$149,779,330	$15,704,345
2020	$139,095,668	$147,429,383	$144,135,573	$-8,333,715
2019	$146,611,286	$132,829,080	$135,909,792	$13,782,206
2019	$146,611,286	$132,829,080	$135,909,792	$13,782,206
2018	$147,861,704	$135,433,574	$137,786,230	$12,428,130