WINCHESTER HOSPITAL

EIN: 042104434 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$412,159,887
Total Expenses
$365,858,923
Total Assets
$554,782,429
Net Assets
$424,228,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
MA
Principal Officer
KEVIN TABB MD
Phone
7817449536
Tax Period
2023-10-01 to 2024-09-30

WINCHESTER HOSPITAL, founded in 1906, is a major nonprofit in the Health Care sector that reported $412.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $365.9M left a modest 11% surplus.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, WINCHESTER HOSPITAL OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING. A HOUSING ALLOWANCE WAS PROVIDED TO ONE OFFICER DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

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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 $744,749
Program Service Revenue $374,942,181
Investment Income $21,407,384
Other Revenue $15,065,573
TOTAL REVENUE $412,159,887

Expense Breakdown

Grants Paid $265,871
Salaries & Benefits $162,923,640
Fundraising Expenses $1,149,889
Program Expenses $325,027,078
Other Expenses $202,669,412
TOTAL EXPENSES $365,858,923

Year-over-Year Comparison

2023 2022 Change
Revenue $412,159,887 $356,181,766 +0.2%
Expenses $365,858,923 $343,339,597 +0.1%
Net Income $46,300,964 $12,842,169 +2.6%
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

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Governance

Voting Members
17
Independent Members
13
Employees
2746
Volunteers
142

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
8
$9,672,100
Total Directors
21
$8,530,605
Key Employees
4
$1,601,938
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWAN MICHAEL TTEE(EXO)(CEO DESIG)EVP HOS&AMB BILH 1.00
Director
$0 $2,401,778 $4,703,895
SHORETT PETER TTEE(CEO DESIG) (SR EVP & COO, BILH) 1.00
Director
$0 $48,246 $1,607,722
CAMPBELL RN MBA FACHE AL PRESIDENT & TRUSTEE (EX-OFFICIO) 55.00
Officer Director
$574,948 $2,802 $577,750
BRECKWOLDT MD WILLIAM TRUSTEE; GENERAL SURGEON 1.00
Director
$0 $13,777 $512,791
MCALMON MD KAREN TRUSTEE; NEONATOLOGIST 1.00
Director
$0 $111,297 $492,665
LUBIN MD ANDREW TTEE (EX-OFF) (PRES, MEDICAL STAFF) 1.00
Director
$0 $48,268 $392,088
TAYLOR MD JOSEPH TTEE; PHYSICIAN, INTERNAL MEDICINE 1.00
Director
$0 $39,075 $243,694
SMITH KEVIN F TRUSTEE & CHAIR 1.00
Officer Director
$0 $0 $0
TARBY III ESQ JOSEPH TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
CARUCCI DEAN TTEE (EXO) (BILH DIV PRES COMMUNITY) 1.00
Director
$0 $0 $0
DEERING DIANA TTEE (EX-OFF) (PRES, WINSTON CLUB) 1.00
Director
$0 $0 $0
DEROSA CINDY TTEE (PRES, FRIENDS WINCHESTER HOSP) 1.00
Director
$0 $0 $0
DUBROW MD JOHN TTEE (EX-OFF) (PRES, MEDICAL STAFF) 1.00
Director
$0 $0 $0
FORTUNATO MD ROBERT TRUSTEE 1.00
Director
$0 $0 $0
FULLER MD ARLAN TRUSTEE 1.00
Director
$0 $0 $0
MANGANARO PAUL TRUSTEE 1.00
Director
$0 $0 $0
MARTIGNETTI JOHN TRUSTEE 1.00
Director
$0 $0 $0
MCCANCE WILLIAM TRUSTEE 1.00
Director
$0 $0 $0
STOTT GABRIELLE TTEE (EX-OFF) (PRES, WINSTON CLUB) 1.00
Director
$0 $0 $0
THURLOW JULIEANN TRUSTEE 1.00
Director
$0 $0 $0
YADAV SUJATA TRUSTEE 1.00
Director
$0 $0 $0
TABB MD KEVIN CEO (EX-OFF) (CEO, BILH) 1.00
Officer
$0 $1,097,028 $5,410,415
RIOS CINDY TREAS (EX-OFF) (EXEC VP & CFO, BILH) 1.00
Officer
$0 $217,736 $1,689,163
KATZ ESQ JAMIE CLERK (EX-OFF); GENERAL COUNSEL BILH 1.00
Officer
$0 $32,002 $1,302,177
WOODS MATTHEW ASSTTREAS/CFO (INT DIV CFO,COMM BILH 1.00
Officer
$0 $55,268 $579,344
GLASS ESQ HANNAH ASST CLERK (ASST GEN COUNSEL, BILH) 1.00
Officer
$0 $6,138 $113,251
ZITKOVSKY MD DANA SENIOR VP AND CHIEF MEDICAL OFFICER 55.00
Key Emp
$517,389 $49,282 $566,671
KEANEY MPAH RN ACHCE KAREN CNO AND VP OF PATIENT CARE SERVICES 55.00
Key Emp
$383,375 $50,014 $433,389
ROBERTSON MPH CATHARINE VICE PRESIDENT, AMBULATORY SERVICES 55.00
Key Emp
$327,683 $40,084 $367,767
TAYLOR ELIZABETH BETH EXEC DIR, HR BUSINESS PARTNER 55.00
Key Emp
$201,059 $33,052 $234,111
SACHETTI NANCY DIRECTOR, HIGHLAND HEALTH 55.00
Highest
$260,816 $38,378 $299,194
PARKER MD MARIANNA NEONATOLOGIST 55.00
Highest
$229,359 $61,549 $290,908
GREGA JOANNE EXECUTIVE DIR, ANCILLARY SERVICES 55.00
Highest
$238,931 $44,375 $283,306
LEVENSON HEATHER REGISTERED NURSE OBSTETRICS/DELIVERY 55.00
Highest
$206,077 $44,823 $250,900
SORRENTINO RACHEL CLINICAL NURSE SUPERVISOR 55.00
Highest
$201,814 $31,960 $233,774
WEINER MD RICHARD FRMR TTEE & PRES (EX-OFF) 0.00
$116,315 $16,781 $133,096
SOMANI TUSHAR FRMR COO, WINCHESTER HOSPITAL 0.00
$407,609 $388,055 $795,664
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 $412,159,887 $365,858,923 $554,782,429 $46,300,964
2023 $356,181,766 $343,339,597 $484,574,894 $12,842,169
2022 $362,289,058 $328,816,262 $464,748,633 $33,472,796
2021 $324,184,704 $297,188,194 $544,714,719 $26,996,510
2020 $298,698,115 $278,736,627 $501,799,446 $19,961,488
2019 $287,832,966 $279,698,578 $449,193,408 $8,134,388
2018 $273,704,239 $277,212,499 $449,734,895 $-3,508,260
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