BETH ISRAEL LAHEY HEALTH SPECIALTY CARE F/K/A NORTHEAST MEDICAL PRACTICE (EIN 043201853) - 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

1993

Legal Domicile

Principal Officer

ROBERT FIELDS MD

Phone

9789223000

Tax Period

2023-10-01 to 2024-09-30

BETH ISRAEL LAHEY HEALTH SPECIALTY CARE F/K/A NORTHEAST MEDICAL PRACTICE, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $53.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $81.0M exceeded revenue, resulting in a 50% operating deficit.

Mission

BETH ISRAEL LAHEY HEALTH SPECIALTY CARE F/K/A NORTHEAST MEDICAL PRACTICE (BILHSC FKA NMP) PRIMARY MISSION IS TO PROVIDE HIGH QUALITY MEDICAL CARE TO THE PATIENTS OF NORTHEAST HOSPITAL CORPORATION (BEVERLY HOSPITAL, ADDISON GILBERT HOSPITAL BAYRIDGE HOSPITAL AND LAHEY OUTPATIENT CENTER, DANVERS). NMP ACCOMPLISHES ITS MISSION IN CONJUNCTION WITH THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK OF AFFILIATES AS DESCRIBED FURTHER IN THIS FORM 990.

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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 $0

Program Service Revenue $53,803,703

Investment Income $0

Other Revenue $3,783

TOTAL REVENUE $53,807,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,354,912

Fundraising Expenses $0

Program Expenses $78,706,296

Other Expenses $29,603,701

TOTAL EXPENSES $80,958,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,807,486	$42,682,630	+0.3%
Expenses	$80,958,613	$64,346,309	+0.3%
Net Income	$-27,151,127	$-21,663,679	+0.3%

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

N/A

Employees

292

Volunteers

N/A

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

$4,707,667

Total Directors

$3,948,761

Key Employees

$5,254,756

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RIOS CINDY	TTEE & TREAS (EXOFF) (EVP/CFO, BILH)	1.00	Officer Director	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	TTEE &CLERK (EX-O); GEN COUNSEL BILH	1.00	Officer Director	$0	$32,002	$1,302,177
SANDS TOM	TRUSTEE (EX-OFFICIO) & PRESIDENT	1.00	Officer Director	$0	$248,897	$957,421
SNEVA JEB	CHIEF FINANCIAL OFFICER, BILHPC	1.00	Officer	$0	$125,683	$404,232
STANSKY KATHLEEN J	INTERIM CFO, BILH PRIMARY CARE	1.00	Officer	$0	$37,453	$214,853
BEAUMIER MBACPAMHA GREGORY	CHIEF FINANCIAL OFFICER, NHC	1.00	Officer	$0	$12,239	$139,821
FIELDS MD ROBERT	CHR PRIMARY CARE (CHF CLIN OFF BILH)	1.00	Key Emp	$0	$31,658	$1,281,307
JOHNSON MD MS FACP ELIZABETH	PRES, BILH PRIMARY CARE NETWORK	1.00	Key Emp	$0	$104,587	$894,582
HWANG JOSEPH	COO, BEVERLY SPECIALTY CARE	1.00	Key Emp	$0	$45,505	$576,324
REINHOLD MD MBA LARS-ERIC	ASSOC CMO NORTH REGION, BILHPC	1.00	Key Emp	$0	$42,448	$565,264
GENDREAU MD MARK	CMO, SPECIALTY CARE	1.00	Key Emp	$0	$36,573	$527,542
CONNORS LAURIE	VP, HUMAN RESOURCES BUSINESS PARTNER	1.00	Key Emp	$0	$41,992	$467,619
JOHNSTON MELISSA	COO, NORTH REGION, BILH PRIMARY CARE	1.00	Key Emp	$0	$16,329	$366,542
ST PIERRE LESLIE	ED, NORTH REGION BILHPC & PRACT INT	1.00	Key Emp	$0	$35,707	$303,819
FISHMAN AARON	CHIEF FINANCIAL OFFICER, BILHPC	1.00	Key Emp	$0	$32,186	$271,757
LOUGHERY MD EDWARD	CARDIOLOGIST	55.00	Highest	$752,496	$36,463	$788,959
ELVANIDES MD HARRY	GASTROENTEROLOGIST	55.00	Highest	$719,584	$40,600	$760,184
ARSENIAN MD MICHAEL	CARDIOLOGIST	55.00	Highest	$634,577	$30,692	$665,269
SHIN MD REUBEN	LAPROSCOPIC AND ROBOTIC SURGEON	55.00	Highest	$553,243	$48,659	$601,902
BUI MD ROSA	GASTROENTEROLOGIST	55.00	Highest	$574,950	$25,611	$600,561
CONNELLY CPA MBA MICHAEL	FRMR INTERIM CFO, NHC	0.00		$0	$7,490	$376,343

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	$53,807,486	$80,958,613	$15,719,821	$-27,151,127
2023	$42,682,630	$64,346,309	$14,179,863	$-21,663,679
2022	$39,495,065	$58,328,944	$14,184,215	$-18,833,879
2021	$37,267,730	$53,079,089	$17,051,751	$-15,811,359
2020	$29,044,634	$47,336,933	$9,391,030	$-18,292,299
2019	$28,971,161	$44,483,814	$8,678,529	$-15,512,653
2018	$27,051,897	$41,140,140	$8,876,719	$-14,088,243

BETH ISRAEL LAHEY HEALTH SPECIALTY CARE F/K/A NORTHEAST MEDICAL PRACTICE