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 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

THE MISSION OF WINCHESTER HOSPITAL IS "TO CARE. TO HEAL. TO EXCEL." THIS ETHOS PROVIDES EACH AND EVERY STAFF MEMBER WITH CLEAR EXPECTATIONS, PROMOTING TEAMWORK AND RESPECT WHILE ENSURING SAFETY, QUALITY AND EMPATHY FOR PATIENTS. WINCHESTER HOSPITAL'S SUCCESS IS BASED ON THIS SHARED COMMITMENT TO EXCELLENCE. THE HOSPITAL AND ITS STAFF TAKE PRIDE IN OFFERING AN EXCEPTIONAL PATIENT CARE EXPERIENCE, PROVIDING SAFE, HIGH-QUALITY, COMMUNITY-BASED HEALTH CARE AND ACCESS TO TERTIARY CARE IN CLOSE COLLABORATION WITH ITS AFFILIATES IN THE BETH ISRAEL LAHEY HEALTH NETWORK WITH THE ULTIMATE GOAL OF IMPROVING THE HEALTH OF THE HOSPITAL'S PATIENTS AND THE COMMUNITIES SERVED. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF ANNA JAQUES HOSPITAL (AJH), BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), EXETER HEALTH RESOURCES INC. (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC) AND EXETER HEALTH RESOURCES INC SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL. EACH OF THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE AND ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.

Program Service Accomplishments

Program 1
Expenses: $325,027,078 Revenue: $382,080,518

OUTPATIENT CLINICS AND SERVICES WINCHESTER HOSPITAL'S TREMENDOUS PRESENCE AND COMMITMENT IN THE COMMUNITY IS EXEMPLIFIED BY THE VARIOUS OUTPATIENT FACILITIES THROUGHOUT THE NORTH-OF-BOSTON AREA...

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OUTPATIENT CLINICS AND SERVICES WINCHESTER HOSPITAL'S TREMENDOUS PRESENCE AND COMMITMENT IN THE COMMUNITY IS EXEMPLIFIED BY THE VARIOUS OUTPATIENT FACILITIES THROUGHOUT THE NORTH-OF-BOSTON AREA, INCLUDING WOBURN, STONEHAM, WILMINGTON AND MEDFORD. THE AMBULATORY SURGERY CENTER IN WINCHESTER IS A STATE-OF-THE-ART OUTPATIENT SURGERY CENTER OFFERING ADVANCED DAY SURGERY. THE CENTER FEATURES REDUCED WAIT TIMES FOR SURGICAL CARE, EXPANDED CAPACITY AND SERVICES TO ADDRESS PATIENT NEEDS, AND A FACILITY THAT WILL ALLOW FOR FUTURE EXPANSION. THE FACILITY IS ALSO HOME TO THE HOSPITAL'S CENTER FOR CANCER CARE, WHICH WAS CREATED BASED ON THE VISION TO DEVELOP A STATE-OF-THE ART, COMMUNITY-BASED CENTER DEDICATED TO AN INTEGRATED MODEL OF CANCER CARE. WINCHESTER HOSPITAL IS PROUD TO OFFER PATIENTS DIAGNOSED WITH CANCER EASY ACCESS TO THE MOST ADVANCED CLINICAL CARE IN AN ENVIRONMENT UNIQUELY DEDICATED TO MEETING THEIR MEDICAL AND EMOTIONAL NEEDS. WINCHESTER HOSPITAL IN CONJUNCTION WITH THE MEDICAL STAFF PROVIDES OUTPATIENT PRIMARY CARE AS WELL AS ENDOSCOPIC, CHEMOTHERAPEUTIC AND CANCER MANAGEMENT, CARDIAC REHABILITATION AND DIABETES MANAGEMENT SERVICES, WOUND CARE AND HYPERBARIC PROGRAMS, AND SLEEP CLINIC SERVICES. WINCHESTER HOSPITAL ALSO OFFERS OCCUPATIONAL, PHYSICAL, AND SPEECH HEALTH SERVICES AND NUTRITIONAL COUNSELING. DIAGNOSTIC FACILITIES INCLUDE CT SCANNING, ULTRASOUND, MRI, MAMMOGRAPHY AND INTERVENTIONAL RADIOLOGY. ADDITIONALLY, THROUGH THE CENTER FOR HEALTHY LIVING, WINCHESTER HOSPITAL HELPS COMMUNITY MEMBERS TAKE RESPONSIBILITY FOR THEIR HEALTH AND WELLBEING BY OFFERING EDUCATION AND RESOURCES THAT FOCUS ON HEALTHY LIVING, YOGA, WELLNESS, AND CHILDBIRTH (INCLUDING LACTATION). DURING THE PERIOD COVERED BY THIS FILING, WINCHESTER HOSPITAL HAD 491,260 OUTPATIENT ENCOUNTERS. THIS INCLUDED 30,812 URGENT CARE VISITS, 2,297 OBSERVATION CASES, 3,558 PAIN CLINIC VISITS, 3,306 WOUND CENTER VISITS, 7,257 OUTPATIENT AMBULATORY SURGERIES, 10,409 OUTPATIENT ENDOSCOPY VISITS, 11,280 OUTPATIENT ONCOLOGY VISITS, 4,600 OUTPATIENT ONCOLOGY INFUSIONS, 21,454 OUTPATIENT EKG EXAMS, 2,557 OUTPATIENT ORTHOPEDIC PROCEDURES, 63,197 OUTPATIENT RADIOLOGY EXAMS, 29,187 OUTPATIENT CT SCANS, 19,929 OUTPATIENT ULTRASOUNDS, 19,748 OUTPATIENT MRIS, 1,438 OTHER NUCLEAR MEDICINE TESTS, 34,463 BREAST IMAGING EXAMS, 1,891,060 OUTPATIENT LAB TESTS, 48,219 OUTPATIENT REHABILITATION/PHYSICAL THERAPY VISITS, AND 52,221 OTHER TESTS AND PROCEDURES.

Program 2

INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE WINCHESTER HOSPITAL PROVIDES A WIDE RANGE OF INPATIENT CARE INCLUDING PEDIATRICS, OBSTETRICS AND MATERNITY INCLUDING A SPECIAL CARE NURSERY, GENERAL...

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INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE WINCHESTER HOSPITAL PROVIDES A WIDE RANGE OF INPATIENT CARE INCLUDING PEDIATRICS, OBSTETRICS AND MATERNITY INCLUDING A SPECIAL CARE NURSERY, GENERAL SURGICAL SERVICES, INTENSIVE CARE AND COMPLETE DIAGNOSTIC FACILITIES. THE HOSPITAL'S INPATIENT FACILITIES INCLUDE MEDICAL/SURGICAL BEDS, OBSTETRIC BEDS AND AN INTENSIVE CARE UNIT. SURGICAL SERVICES ARE AVAILABLE 24 HOURS A DAY FOR CRITICALLY ILL OR INJURED PATIENTS REQUIRING IMMEDIATE SURGICAL INTERVENTION, OR FOR OTHER PATIENTS ON A NON-EMERGENT OR ELECTIVE BASIS. THE HOSPITAL'S HIGHLY QUALIFIED SURGEONS PERFORM ORTHOPEDIC PROCEDURES AND IMPLANTS, PLASTIC, GENERAL SURGICAL (INCLUDING BREAST), GYNECOLOGIC, AND UROLOGICAL PROCEDURES. OTHER SURGICAL SPECIALTIES INCLUDE COLON AND RECTAL, ENT, DERMATOLOGIC, ORAL, AND THORACIC AND WEIGHT LOSS SURGERY. PATIENTS ARE UNDER THE CARE OF THE MEDICAL STAFF, HOSPITALISTS AND/OR GENERAL SURGEONS ALONG WITH NURSES WHO ARE TRAINED IN CARING FOR PATIENTS WITH COMPLEX MEDICAL NEEDS. THE HOSPITAL WAS THE FIRST COMMUNITY HOSPITAL IN EASTERN MASSACHUSETTS TO PERFORM ROBOTIC SURGERY WITH THE DA VINCI SURGICAL SYSTEM, AND THE FIRST COMMUNITY HOSPITAL IN MASSACHUSETTS TO ACHIEVE MAGNET RECOGNITION. THE MAGNET PROGRAM WAS ESTABLISHED BY THE AMERICAN NURSES CREDENTIALING CENTER TO RECOGNIZE HEALTH CARE ORGANIZATIONS THAT PROVIDE THE VERY BEST IN NURSING CARE AND UPHOLD THE TRADITION OF PROFESSIONAL NURSING PRACTICE. IT IS THEIR HIGHEST HONOR FOR NURSING EXCELLENCE. THE NURSING CARE TEAM CONSISTS OF REGISTERED NURSES, SURGICAL TECHNICIANS AND QUALIFIED ANCILLARY PERSONNEL WORKING COLLABORATIVELY WITH SURGICAL AND ANESTHESIA PHYSICIANS. THE SCOPE OF NURSING PRACTICE IN THE PERIOPERATIVE AREA INCLUDES PREOPERATIVE ASSESSMENT AND PLANNING, INTRA-OPERATIVE INTERVENTION, POSTOPERATIVE ASSESSMENT AND INTERVENTION, DISCHARGE PLANNING AND DOCUMENTATION TO ENSURE HIGH QUALITY PATIENT CARE AND SAFETY. DURING ITS FISCAL YEAR ENDED SEPTEMBER 30, 2024, WINCHESTER HOSPITAL HAD 13,568 INPATIENT DISCHARGES WITH 48,771 PATIENT DAYS, 3,543, PERFORMED 1,331 INPATIENT SURGERIES AND DELIVERED 2,5717 BABIES.

Program 3
Expenses: $0

EMERGENCY DEPARTMENT WINCHESTER'S HOSPITAL'S EMERGENCY DEPARTMENT OFFERS ADVANCED EMERGENCY MEDICINE SERVICES TO LOCAL COMMUNITIES NORTH OF BOSTON. THE EMERGENCY DEPARTMENT IS OPEN 24 HOURS A DAY...

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EMERGENCY DEPARTMENT WINCHESTER'S HOSPITAL'S EMERGENCY DEPARTMENT OFFERS ADVANCED EMERGENCY MEDICINE SERVICES TO LOCAL COMMUNITIES NORTH OF BOSTON. THE EMERGENCY DEPARTMENT IS OPEN 24 HOURS A DAY, SEVEN DAYS A WEEK AND PROVIDES EMERGENT CARE REGARDLESS OF A PATIENT'S ABILITY TO PAY. THE HOSPITAL IS STAFFED BY BOARD-CERTIFIED, EMERGENCY MEDICINE PHYSICIANS AND NURSES WHO ARE EXTENSIVELY TRAINED IN EMERGENCY MEDICINE AND CERTIFIED IN ADVANCED CARDIAC LIFE SUPPORT (ACLS) AND PEDIATRIC ADVANCED LIFE SUPPORT (PALS). WINCHESTER HOSPITAL IS ALSO A PRIMARY STROKE SERVICE HOSPITAL, AS DESIGNATED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH, PROVIDING LEADING-EDGE STROKE CARE. THE HOSPITAL ALSO OFFERS SPECIALIZED PEDIATRIC CARE PROVIDED BY AN ON-SITE PEDIATRICIAN FROM BOSTON CHILDREN'S HOSPITAL SPECIALIZING IN EMERGENCY MEDICINE. ON-SITE PEDIATRIC EMERGENCY PHYSICIANS ARE AVAILABLE EVERY DAY FROM NOON TO MIDNIGHT AND 24-HOUR PEDIATRICIAN CONSULTATION COVERAGE IS ALSO AVAILABLE. DURING THE FISCAL YEAR COVERED BY THIS FILING, WINCHESTER HOSPITAL HAD 52,134 ADULT AND PEDIATRIC EMERGENCY DEPARTMENT VISITS. IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE, THE BILH NETWORK HAD SIGNIFICANT ACTIVITIES ACROSS ENTITIES RELATED TO BOTH BEHAVIORAL HEALTH AND OTHER HEALTHCARE INITIATIVES. SEE THE NARRATIVE SUPPORT FOR SCHEDULE H FOR ADDITIONAL DETAILS.

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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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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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