CHARLESTOWN, MA
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Sign In — Free (10 views/day)LAHEY CLINIC FOUNDATION INC, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $49.5M in total revenue in fiscal year 2023. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43.2M, a strong 87% operating margin.
THE LAHEY CLINIC FOUNDATION, INC. (LCF) SERVES AS THE SOLE MEMBER AND SUPPORTS THE LAHEY CLINIC (LC) AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL & MEDICAL CENTER (LHMC), ENABLING LHMC AND LC TO PROVIDE SUPERIOR HEALTH CARE LEADING TO THE BEST POSSIBLE OUTCOMES FOR EVERY PATIENT. AS ONE OF THE WORLD'S PREMIER HEALTH CARE ORGANIZATIONS, LAHEY HOSPITAL & MEDICAL CENTER AIMS TO EXCEED EACH PATIENT'S HIGH EXPECTATIONS FOR SERVICE AND TO ADVANCE MEDICINE THROUGH RESEARCH AND THE EDUCATION OF TOMORROW'S HEALTH CARE LEADERS. LAHEY CLINIC FOUNDATION, WORKING WITH LC AND LHMC, IS COMMITTED TO IMPROVING THE HEALTH AND QUALITY OF LIFE OF COMMUNITY RESIDENTS BY SUPPORTING LOCAL ORGANIZATIONS ALIGNED WITH THIS MISSION. 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.
AS PREVIOUSLY NOTED AND IN FURTHERANCE OF ITS EXEMPT PURPOSES, LAHEY CLINIC FOUNDATION, INC., (LCF) IS THE SOLE CORPORATE MEMBER OF LAHEY CLINIC HOSPITAL, INC. D/B/A LAHEY HOSPITAL & MEDICAL CENTER...
AS PREVIOUSLY NOTED AND IN FURTHERANCE OF ITS EXEMPT PURPOSES, LAHEY CLINIC FOUNDATION, INC., (LCF) IS THE SOLE CORPORATE MEMBER OF LAHEY CLINIC HOSPITAL, INC. D/B/A LAHEY HOSPITAL & MEDICAL CENTER (LHMC) AND LAHEY CLINIC, INC. (LC). LCF HOLDS CAPITAL ASSETS, INVESTMENTS, AND DEBT TO PROVIDE ASSISTANCE TO LHMC AND LC FOR THE PROVISION OF PATIENT HEALTH CARE SERVICES, INCLUDING CHARITY CARE, PATIENT EDUCATION, COMMUNITY BENEFITS AND COMMUNITY SERVICE PROGRAMS, CONTINUING EDUCATION OF HEALTH CARE PROVIDERS, AS WELL AS HEALTH CARE RESEARCH ACTIVITIES. THE LHMC BURLINGTON CAMPUS HAS 333 LICENSED BEDS, INCLUDING 272 MEDICAL/SURGICAL BEDS, 53 INTENSIVE CARE BEDS, AND 8 CORONARY CARE BEDS. MEDICAL/SURGICAL PATIENT ACCOMMODATIONS ARE ALL SINGLE-BED ROOMS LOCATED IN NINE INPATIENT UNITS. CRITICALLY ILL PATIENTS ARE CARED FOR EITHER IN THE MEDICAL INTENSIVE CARE UNIT, THE CARDIAC INTENSIVE CARE UNIT OR THE SURGICAL INTENSIVE CARE UNIT. IN ADDITION, THE PEABODY FACILITY HAS 10 INPATIENT LICENSED MEDICAL/SURGICAL BEDS. COMBINED THE TWO CAMPUSES CARED FOR OVER 22,000 INPATIENTS WHOSE TOTAL LENGTH OF STAY WAS 128,000 PATIENT DAYS. THERE ARE 22 OPERATING SUITES ON THE BURLINGTON CAMPUS AND THE PEABODY CAMPUS HAS FIVE OPERATING SUITES. THE SURGICAL STAFF SPECIALIZES IN AREAS SUCH AS LIVER AND KIDNEY TRANSPLANTS, MAJOR SURGERY OF THE DIGESTIVE ORGANS, CARDIAC AND PULMONARY SYSTEMS, TOTAL JOINT REPLACEMENTS, COLON AND RECTAL SURGERY, MINIMALLY INVASIVE SURGICAL TECHNIQUES INCLUDING ROBOTIC SURGERY, AND UROLOGIC, NEUROSURGICAL AND LASER PROCEDURES, AMONG OTHERS. DURING THE PERIOD COVERED BY THIS FILING THE 27 COMBINED OPERATING ROOMS PERFORMED NEARLY 21,000 INPATIENT AND AMBULATORY SURGERIES. LHMC INCLUDES 24-HOUR EMERGENCY DEPARTMENTS IN BOTH BURLINGTON AND PEABODY. THE CARE TEAM INCLUDES FULL-TIME, BOARD-CERTIFIED EMERGENCY PHYSICIANS AND NURSES WITH EXTENSIVE TRAINING IN EMERGENCY MEDICINE. AS A TEACHING HOSPITAL, LHMC ALSO TRAINS FUTURE LEADERS IN EMERGENCY MEDICINE TO DELIVER THE BEST POSSIBLE CARE TO PATIENTS. LHMC IN BURLINGTON IS THE ONLY LEVEL I TRAUMA CENTER NORTH OF BOSTON, WITH SPECIALLY TRAINED CLINICIANS AND FACILITIES READY TO PROVIDE TIME-SENSITIVE, CRITICAL CARE FOR HUNDREDS OF THOUSANDS OF PEOPLE IN OUR REGION. LHMC HAS A STATE-OF-THE-ART EMERGENCY DEPARTMENT IN BURLINGTON, OFFERING ADVANCED EMERGENCY CARE IN A FACILITY BUILT SPECIFICALLY TO MEET THE NEEDS OF THE COMMUNITIES SERVED BY THE HOSPITAL. THE FACILITY FEATURES 36 PRIVATE PATIENT ROOMS, AN ADVANCED IMAGING SUITE FOR CT SCANS AND X-RAYS, FOUR TRAUMA BAYS, AND THREE PRIVATE EXAM ROOMS FOR PATIENTS IN NEED OF BEHAVIORAL HEALTH SERVICES AS WELL AS ENHANCED INFECTION AND DECONTAMINATION AREAS AND A FAST TRACK TRIAGE AREA THAT PROVIDES IMPROVED ACCESS TO CARE AND LESS TIME SPENT IN THE WAITING ROOM. IN ADDITION, THE HOSPITAL'S PEABODY LOCATION ALSO INCLUDES AN EMERGENCY DEPARTMENT. THE FACILITY IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, AND IS STAFFED BY SPECIALTY-TRAINED EMERGENCY MEDICINE PERSONNEL. FOR THE PERIOD COVERED BY THIS FILING, LHMC HAD 67,972 EMERGENCY DEPARTMENT VISITS.
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 | $49,536,778 | $14,529,877 | +2.4% |
| Expenses | $6,379,426 | $2,541,358 | +1.5% |
| Net Income | $43,157,352 | $11,988,519 | +2.6% |
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 |
|---|---|---|---|---|---|---|
| TABB MD KEVIN | TTEE & CEO (EX-OFF) (CEO, BILH) | 1.00 |
Officer
Director
|
$0 | $1,097,028 | $5,410,415 |
| SHORETT PETER | TTEE(CEO DESIG) (SR EVP & COO, BILH) | 1.00 |
Director
|
$0 | $48,246 | $1,607,722 |
| MOFFATT-BRUCE MD PHD SUSAN | PRESIDENT & TRUSTEE (EX-OFFICIO) | 1.00 |
Officer
Director
|
$0 | $224,147 | $1,366,413 |
| MOSENTHAL MD ANNE | TRUSTEE; CHIEF ACADEMIC OFFICER | 1.00 |
Director
|
$0 | $68,115 | $915,931 |
| MOURTZINOS MD ARTHUR P | TRUSTEE; UROLOGIST | 1.00 |
Director
|
$0 | $50,084 | $852,506 |
| BRAMS MD DAVID | TTEE (EX-OFF) (PRES, MEDICAL STAFF) | 1.00 |
Director
|
$0 | $72,341 | $700,213 |
| SORCINI MD ANDREA P | TTEE (EX-OFF); MSA PRES & UROLOGIST | 1.00 |
Director
|
$0 | $35,142 | $648,946 |
| HUNTER MD ALICE A | TRUSTEE; ORTHOPAEDIC SURGEON | 1.00 |
Director
|
$0 | $64,766 | $624,503 |
| SRINIVASAN MD JAYASHRI | TRUSTEE; DIVISION CHAIR NEUROLOGY | 1.00 |
Director
|
$0 | $59,450 | $538,652 |
| WINGER MD CHRISTINE | TRUSTEE, PHYSICIAN | 1.00 |
Director
|
$0 | $47,491 | $524,298 |
| AQUINO MD PATRICK | TTEE; LCI DIVISION CHAIR, PSYCHIATRY | 1.00 |
Director
|
$0 | $49,219 | $474,724 |
| CRAWFORD MD BETSEY | TTEE; PHYSICIAN, INTERNAL MEDICINE | 1.00 |
Director
|
$0 | $30,681 | $281,716 |
| D'AGOSTINO MD RICHARD S | TRUSTEE, PHYSICIAN | 1.00 |
Director
|
$0 | $29,330 | $92,790 |
| EDMONDS JANE C | TRUSTEE & CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEXANDER PAUL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DECOSTE PAMELA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FINK JOHANNA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HO WILLIAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAFRENIERE LAWRENCE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MCARDLE JOAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NORDBLOM PETER C | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PONTE PATRICIA REID | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REYNOLDS MARY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBINS SHANNON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SCHMERGEL GREG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| 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 |
| CONNELLY CPA MBA MICHAEL | ASST TREAS (EX-OFF) & CFO | 1.00 |
Officer
|
$0 | $7,490 | $376,343 |
| TABERNER MIKAELA | ASST CLERK (ASSOC GC, BILH) | 1.00 |
Officer
|
$0 | $27,894 | $171,025 |
| LIESCHING MD TIMOTHY | SVP, CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$0 | $88,251 | $801,470 |
| BACIARELLI RENATO VAL | INTERIM SVP, COO | 1.00 |
Key Emp
|
$0 | $0 | $599,877 |
| PARRILLO JULIA | REGIONAL VP, PHILANTHROPY | 1.00 |
Key Emp
|
$0 | $46,130 | $460,694 |
| CANTRELL PAUL | VP, PLANNING, DESIGN, & CONSTRUCTION | 1.00 |
Key Emp
|
$0 | $59,238 | $387,400 |
| BELL ELIZABETH BRYCE | AVP DEVELOPMENT | 55.00 |
Key Emp
|
$276,872 | $16,084 | $292,956 |
| BENNETT KEVIN | FRMR ASST TREAS (EX-OFF) & CFO | 0.00 |
|
$0 | $222,074 | $757,399 |
| LONGWORTH MD DAVID | FRMR TTEE (EX-OFF) & PRES | 0.00 |
|
$0 | $15,489 | $264,742 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $49,536,778 | $6,379,426 | $634,147,712 | $43,157,352 |
| 2023 | $14,529,877 | $2,541,358 | $960,450,884 | $11,988,519 |
| 2022 | $33,558,820 | $672,827 | $914,887,443 | $32,885,993 |
| 2021 | $37,603,944 | $1,070,284 | $924,716,563 | $36,533,660 |
| 2020 | $4,685,194 | $2,825,481 | $910,019,710 | $1,859,713 |
| 2019 | $19,319,520 | $3,119,634 | $942,583,380 | $16,199,886 |
| 2018 | $22,644,227 | $3,073,583 | $961,416,980 | $19,570,644 |
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