BAYSTATE HEALTH INC (EIN 042105941) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

JENNIFER NICHOLS

Phone

4137940000

Tax Period

2023-10-01 to 2024-09-30

BAYSTATE HEALTH INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $27.3M in total revenue in fiscal year 2023. The organization ran a surplus of $4.7M, a strong 17% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,708,026

Program Service Revenue $9,324,808

Investment Income $8,020,597

Other Revenue $1,287,731

TOTAL REVENUE $27,341,162

Expense Breakdown

Grants Paid $399,721

Salaries & Benefits $289,856

Fundraising Expenses $0

Program Expenses $15,547,786

Other Expenses $21,956,520

TOTAL EXPENSES $22,646,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,341,162	$28,034,230	0.0%
Expenses	$22,646,097	$25,788,744	-0.1%
Net Income	$4,695,065	$2,245,486	+1.1%

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

N/A

Volunteers

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

$4,263,470

Total Directors

$4,809,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A KEROACK MD	TRUSTEE (THRU 6/3/24)/PRESIDENT & CEO - BH	35.00	Officer Director	$0	$44,265	$2,758,272
NICOLAS JABBOUR MD	TRUSTEE (AS OF 1/1/24)/CHAIR DEPT. OF SURGERY	1.00	Director	$0	$56,490	$1,083,422
KEVIN P MORIARTY MD	TRUSTEE (THRU 12/31/23)/CHIEF PED SURGERY	1.00	Director	$772,803	$54,493	$827,296
AKINYELE K LOVELACE DO	TRUSTEE/PER DIEM INTERNIST	1.00	Director	$102,600	$4,617	$107,217
SARA ROURKE MD	TRUSTEE/PER DIEM URGENT CARE PHYSICIAN	1.00	Director	$31,250	$1,719	$32,969
COLLEEN W HOLMES	VICE CHAIR/TRUSTEE	2.00	Officer Director	$0	$0	$0
HARRIET A DEVERRY	CHAIR/TRUSTEE	2.00	Officer Director	$0	$0	$0
PETER D BANKO	TRUSTEE (AS OF 6/4/24)/PRESIDENT & CEO - BH	35.00	Officer Director	$0	$0	$0
ANTONIO E DOS SANTOS	TRUSTEE	1.00	Director	$0	$0	$0
CLAUDIA R COPLEIN DO	TRUSTEE	1.00	Director	$0	$0	$0
DENISE R JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH CARDONA	TRUSTEE (THRU 12/31/23)	1.00	Director	$0	$0	$0
IRENE RODRIGUEZ-MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES R PHANEUF	TRUSTEE (THRU 12/31/23)	1.00	Director	$0	$0	$0
JULIE QUINK	TRUSTEE (AS OF 1/1/24)	1.00	Director	$0	$0	$0
LINDA THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE LANDRAU	TRUSTEE (AS OF 1/1/24)	1.00	Director	$0	$0	$0
MARIA P GONCALVES	TRUSTEE	1.00	Director	$0	$0	$0
MARK A O'CONNELL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL C PICKNELLY	TRUSTEE	1.00	Director	$0	$0	$0
PAUL R MURPHY	TRUSTEE (THRU 12/31/23)	1.00	Director	$0	$0	$0
RICHARD BOSSIE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT J BACON	TRUSTEE	1.00	Director	$0	$0	$0
RUTH H CONSTANTINE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM R WEBBER	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND MCCARTHY	TRUSTEE/SVP, CFO & TREASURER BH	10.00	Officer	$0	$29,919	$1,211,162
KRISTIN R DELANEY	CLERK/DIR CORP GOVERNANCE	34.00	Officer	$0	$40,432	$217,312
NANCY REMILLARD	ASST. CLERK OF THE CORP	1.00	Officer	$0	$13,612	$76,724

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	$27,341,162	$22,646,097	$260,600,991	$4,695,065
2023	$28,034,230	$25,788,744	$320,977,322	$2,245,486
2022	$11,532,257	$22,070,018	$247,749,996	$-10,537,761
2021	$30,171,754	$32,117,468	$257,276,337	$-1,945,714
2020	$40,124,462	$34,728,141	$239,302,322	$5,396,321
2019	$28,862,452	$29,360,274	$237,936,537	$-497,822
2018	$26,819,281	$28,188,865	$236,024,226	$-1,369,584

BAYSTATE HEALTH INC