CHARLESTOWN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHEAST HOSPITAL CORPORATION, founded in 1893, is a major nonprofit in the Health Care sector that reported $537.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $494.2M left a modest 8% surplus.
FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, NORTHEAST HOSPITAL CORPORATION 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 KEY EMPLOYEE DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $537,440,417 | $464,744,704 | +0.2% |
| Expenses | $494,194,113 | $441,021,888 | +0.1% |
| Net Income | $43,246,304 | $23,722,816 | +0.8% |
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
Sign In| 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 |
| SANDS TOM | PRESIDENT & TRUSTEE (EX-OFFICIO) | 55.00 |
Officer
Director
|
$708,524 | $248,897 | $957,421 |
| HEIT MD JEFFREY | TTEE (EX-OFF) (PRES, MEDICAL STAFF) | 1.00 |
Director
|
$0 | $68,458 | $616,774 |
| DOUMAS MD ALEXANDER | TRUSTEE; CARDIOLOGIST | 55.00 |
Director
|
$514,238 | $62,688 | $576,926 |
| BOYD MD MARY | TTEE; PHYS OBSTETRICS/GYNECOLOGY | 55.00 |
Director
|
$88,650 | $0 | $88,650 |
| TAYLOR MD HUGH | TRUSTEE; PHYSICIAN, FAMILY MEDICINE | 1.00 |
Director
|
$0 | $5,037 | $85,164 |
| GEORGE CHRISTOPHER | TRUSTEE & VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LUNDBERG PAUL | TRUSTEE & VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NARDELLA BRUCE F | TRUSTEE & CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AYLES ERICKA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BELL KAREN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRADLEY MD ADRIENNE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARUCCI DEAN | TTEE (EXO) (BILH DIV PRES COMMUNITY) | 1.00 |
Director
|
$0 | $0 | $0 |
| FURLONG CHARLES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| IRWIN ROBERT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSE SANDRA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| O'FLYNN MD HUGH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| O'NEILL MARY JANE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAYSON JONATHAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TRUJILLO CAROLINA | 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 |
| COSGROVE ESQ MEG | ASST CLERK (EXO) (SR ASSOC GC BILH) | 1.00 |
Officer
|
$0 | $30,269 | $259,103 |
| BEAUMIER MBACPAMHA GREGORY | ASST TREAS (EX-OFF) & CFO | 55.00 |
Officer
|
$127,582 | $12,239 | $139,821 |
| GLASS ESQ HANNAH | ASST CLERK (ASST GEN COUNSEL, BILH) | 1.00 |
Officer
|
$0 | $6,138 | $113,251 |
| HWANG JOSEPH | CHIEF OPERATING OFFICER, NHC | 55.00 |
Key Emp
|
$530,819 | $45,505 | $576,324 |
| GENDREAU MD MARK | SVP, CHIEF MEDICAL OFFICER, NHC | 55.00 |
Key Emp
|
$490,969 | $36,573 | $527,542 |
| PERRYMAN RN NE-BC KIMBERLY | SENIOR VP, CNO, BEVERLY HOSPITAL | 55.00 |
Key Emp
|
$454,831 | $33,161 | $487,992 |
| REILLY TIMOTHY | VP, HUMAN RESOURCES BUSINESS PARTNER | 55.00 |
Key Emp
|
$279,133 | $34,462 | $313,595 |
| ANDREE JASON | VP, ADDISON GILBERT HOSPITAL | 55.00 |
Key Emp
|
$244,306 | $34,326 | $278,632 |
| TARMEY MICHAEL | VP & ASSOC CNO, BEHAVIOR HEALTH, NHC | 55.00 |
Key Emp
|
$192,740 | $38,066 | $230,806 |
| GILLESPIE MD STEVEN | PSYCHIATRIST | 55.00 |
Highest
|
$427,599 | $37,637 | $465,236 |
| PEPPE MD JOSEPH | PHYSICIAN, FAMILY MEDICINE | 55.00 |
Highest
|
$433,553 | $14,569 | $448,122 |
| ARGENTO MD VIVIAN | ASSOCIATE CHIEF MEDICAL OFFICER | 55.00 |
Highest
|
$397,774 | $38,342 | $436,116 |
| OSAIGBOVO MONDAY | REGISTERED NURSE | 55.00 |
Highest
|
$305,763 | $23,233 | $328,996 |
| HENRIQUES ROBERT | NURSE PRACTICIONER, PSYCHIATRY | 55.00 |
Highest
|
$278,311 | $11,951 | $290,262 |
| CONNELLY CPA MBA MICHAEL | FRMR INT CFO & ASST TREAS (EX-OFF) | 0.00 |
|
$75,453 | $7,490 | $376,343 |
| DONALDSON CYNTHIA C | FRMR VP ANCILL SVS,AGH/LAHEY DANVERS | 0.00 |
|
$190,227 | $0 | $190,227 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $537,440,417 | $494,194,113 | $517,288,560 | $43,246,304 |
| 2023 | $464,744,704 | $441,021,888 | $456,862,872 | $23,722,816 |
| 2022 | $460,104,090 | $416,926,900 | $449,917,098 | $43,177,190 |
| 2021 | $423,580,610 | $386,737,574 | $567,670,947 | $36,843,036 |
| 2020 | $410,083,162 | $364,220,314 | $550,055,700 | $45,862,848 |
| 2019 | $392,135,115 | $361,523,132 | $457,646,684 | $30,611,983 |
| 2018 | $381,362,503 | $353,155,228 | $435,700,856 | $28,207,275 |
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