BAYSTATE MEDICAL CENTER INC (EIN 042790311) - 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

LAURIE MARTIN

Phone

4137940000

Tax Period

2023-10-01 to 2024-09-30

BAYSTATE MEDICAL CENTER INC, founded in 1983, is a large national nonprofit in the Health Care sector that reported $1.8B in total revenue in fiscal year 2023.

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 $18,957,706

Program Service Revenue $1,686,330,216

Investment Income $16,948,656

Other Revenue $92,830,445

TOTAL REVENUE $1,815,067,023

Expense Breakdown

Grants Paid $8,887,935

Salaries & Benefits $729,667,769

Fundraising Expenses $0

Program Expenses $1,652,632,715

Other Expenses $1,032,991,075

TOTAL EXPENSES $1,771,546,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,815,067,023	$1,753,545,483	+0.0%
Expenses	$1,771,546,779	$1,733,861,517	+0.0%
Net Income	$43,520,244	$19,683,966	+1.2%

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

11035

Volunteers

347

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

$2,708,141

Total Directors

$5,380,231

Key Employees

$1,363,020

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	1.00	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
WAYNE DUKE MD	TRUSTEE/ASSOCIATE PATHOLOGIST	50.00	Director	$517,957	$53,098	$571,055
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	1.00	Officer Director	$0	$0	$0
HARRIET A DEVERRY	CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
PETER D BANKO	TRUSTEE (AS OF 6/4/24)/PRESIDENT & CEO - BH	1.00	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
SAMUEL SKURA	TRUSTEE/PRES BMC SVP	48.00	Officer	$0	$186,721	$1,202,943
KRISTIN R DELANEY	CLERK/DIR CORP GOVERNANCE	1.00	Officer	$0	$40,432	$217,312
NANCY REMILLARD	ASST. CLERK OF THE CORP	1.00	Officer	$0	$13,612	$76,724
DOUGLAS SALVADOR MD	SVP/CQO BH, CMO BMC	40.00	Key Emp	$0	$53,642	$885,382
JOANNE MILLER	VP/CHIEF NURSING OFFICER	50.00	Key Emp	$0	$34,805	$477,638
PETER FRIEDMANN MD	ASSOC DEAN CHIEF RES OFFICER	50.00	Highest	$479,261	$47,359	$526,620
PETER LINDENAUER MD	ASST DEAN POPULATION HEALTH	50.00	Highest	$463,358	$38,836	$502,194
JASMINE J PAADAM MD	CIS PHYSICIAN LEADER	50.00	Highest	$351,046	$21,807	$372,853
CHRISTIAN LAGIER	VP DIGITAL INNOVATION/EXEC DIR OF TECHSPRING	50.00	Highest	$324,703	$45,175	$369,878
AARON J MICHELUCCI	VP CLINICAL SUPPORT SERVICES	50.00	Highest	$303,464	$55,280	$358,744
MARION MCGOWAN	FORMER DIRECTOR/EVP, COO-BH	0.00		$0	$380	$15,999

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	$1,815,067,023	$1,771,546,779	$1,668,673,390	$43,520,244
2023	$1,753,545,483	$1,733,861,517	$1,607,948,248	$19,683,966
2022	$1,716,317,740	$1,677,994,961	$1,548,788,530	$38,322,779
2021	$1,604,941,767	$1,500,325,962	$1,934,108,608	$104,615,805
2020	$1,475,823,051	$1,373,993,328	$1,871,742,208	$101,829,723
2019	$1,389,295,156	$1,270,186,504	$1,409,569,704	$119,108,652
2018	$1,317,964,551	$1,197,406,017	$1,362,808,541	$120,558,534

BAYSTATE MEDICAL CENTER INC