BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM INC

EIN: 043229679 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$161,296,602
Total Expenses
$160,246,247
Total Assets
$185,625,640
Net Assets
$101,610,611
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
KEVIN TABB MD
Phone
7814533000
Tax Period
2023-10-01 to 2024-09-30

BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $161.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF THE BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM, INC. (BIDN OR HOSPITAL) IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY PROVIDING HIGH QUALITY, PERSONALIZED HEALTH CARE WITH COMPASSION, DIGNITY AND RESPECT FOR PATIENT RIGHTS IN A COST EFFECTIVE AND SAFE ENVIRONMENT. BIDN PROVIDES CARE TO PATIENTS IN THE COMMUNITIES WHERE THEY LIVE AND WORK AND PROVIDES CARE TO MEDICARE, MEDICAID AND ALL OTHER PATIENTS REGARDLESS OF THEIR RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY. BIDN ACCOMPLISHES THIS MISSION IN CLOSE CONNECTION WITH THE OTHER MEMBERS OF THE BETH ISRAEL LAHEY HEALTH NETWORK OF AFFILIATES. IN ADDITION, AS PART OF ITS DEDICATION TO PROVIDING COMMUNITY BENEFITS, BIDN IS COMMITTED TO WORKING IN PARTNERSHIP WITH RESIDENTS AND COMMUNITY LEADERS AS WELL AS CIVIC, SOCIAL AND MEDICAL ORGANIZATIONS FROM THE COMMUNITIES IT SERVES. BIDN IS DEDICATED TO THE PLANNING, DEVELOPMENT, IMPLEMENTATION AND MONITORING OF PROGRAMS THAT ADDRESS THE HEALTH CARE NEEDS OF THE COMMUNITY AND OFFER CLINICAL, EDUCATIONAL AND FINANCIAL RESOURCES. THESE PROGRAMS ARE DESIGNED TO IMPROVE AWARENESS OF THE HEALTH CARE ISSUES IN THE COMMUNITIES SERVED AND INCREASE PARTICIPATION IN WELLNESS AND PREVENTATIVE HEALTH ACTIVITIES. FOR ADDITIONAL DETAIL, SEE FORM 990 SCHEDULE H. 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.

Program Service Accomplishments

Program 1
Expenses: $139,152,453 Revenue: $154,837,421

OUTPATIENT CLINICS AND SERVICES BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM (BIDN OR HOSPITAL), IS A 73-BED ACUTE CARE COMMUNITY HOSPITAL THAT HAS SERVING THE RESIDENTS OF NEEDHAM AND SURROUNDING...

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OUTPATIENT CLINICS AND SERVICES BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM (BIDN OR HOSPITAL), IS A 73-BED ACUTE CARE COMMUNITY HOSPITAL THAT HAS SERVING THE RESIDENTS OF NEEDHAM AND SURROUNDING COMMUNITIES. THE HOSPITAL PROVIDES A COMPREHENSIVE PROGRAM OF CLINICAL SERVICES ENCOMPASSING GENERAL INTERNAL MEDICINE AND ALL THE SUBSPECIALTIES OF INTERNAL MEDICINE, COVERING THE GAMUT OF SERVICES FROM PRIMARY TO TERTIARY CARE AS WELL AS PROVIDING SURGICAL SERVICES ON AN OUTPATIENT BASIS AND WORKS IN CLOSE COLLABORATION WITH ITS BILH AFFILIATES. BIDN'S MEDICAL STAFF BLENDS EXPERIENCED PRIMARY CARE PHYSICIANS AND SPECIALISTS IN A FULL SPECTRUM OF DISCIPLINES. IN ADDITION, BIDN HAS A COMPLETE 24-HOUR LABORATORY AS WELL AS A FULL RANGE OF DIAGNOSTIC IMAGING SERVICES. BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC OR MEDICAL CENTER), IS A NATIONALLY RECOGNIZED TERTIARY CARE ACADEMIC MEDICAL CENTER, IS A TEACHING HOSPITAL OF HARVARD MEDICAL SCHOOL AND A SISTER HOSPITAL OF BIDN. BIDMC IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND IS RECOGNIZED NATIONALLY FOR THE CLINICAL EXCELLENCE OF ITS FACULTY AND THE PATIENT CARE PROVIDED, AS WELL AS FOR THE MAGNITUDE AND BREADTH OF ITS RESEARCH AND FOR ITS COMMITMENT TO MEDICAL EDUCATION. MANY BIDMC PHYSICIANS ALSO HOLD APPOINTMENTS AT HARVARD OR OTHER MAJOR MEDICAL SCHOOLS AND ARE TIED CLOSELY WITH THEIR COLLEAGUES AT OTHER ACADEMIC MEDICAL CENTERS. PATIENTS AT BIDN HAVE SEAMLESS ACCESS TO BIDMC WHEN NEEDED. DURING THE PERIOD COVERED BY THIS FILING, BIDN HAD 218,237 OUTPATIENT ENCOUNTERS. THIS INCLUDED 33,580 HOSPITAL CLINIC VISITS, 2,386 OBSERVATION CASES, 2,457 PAIN CLINIC VISITS, 1,759 WOULD CENTER VISITS, 4,414 OUTPATIENT AMBULATORY SURGERIES, 5,876 OUTPATIENT ENDOSCOPY PROCEDURES, 4,534 OUTPATIENT EKG EXAMS, 894 OUTPATIENT ORTHOPEDIC PROCEDURES, 26,801 OUTPATIENT RADIOLOGY EXAMS, 19,986 OUTPATIENT CT SCANS, 8,078 OUTPATIENT ULTRASOUNDS, 7,524 OUTPATIENT MRIS, 1,171 OTHER NUCLEAR MEDICINE TESTS, 13,420 BREAST IMAGING EXAMS, 499,614 OUTPATIENT LAB TESTS, 5,044 OUTPATIENT REHABILITATION/PHYSICAL THERAPY VISITS AND 27, 992 OTHER TESTS AND PROCEDURES.

Program 2

ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, RECEIVED SEVERANCE PAYMENTS. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW...

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ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, RECEIVED SEVERANCE PAYMENTS. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW. BILH AND ITS AFFILIATES MAINTAIN CERTAIN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS. DURING THE PERIOD COVERED BY THIS FILING, ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, MAY HAVE PARTICIPATED IN ONE OR MORE OF THE FOLLOWING PLANS, WHICH UNDER THE DEFINITION TO THIS FORM 990 ARE SUPPLEMENTAL NONQUALIFIED PLANS: BETH ISRAEL DEACONESS MEDICAL CENTER EXECUTIVE RETIREMENT PROGRAM, BETH ISRAEL LAHEY HEALTH, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, LAHEY CLINIC FOUNDATION, INC. 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN PHYSICIANS, SENIOR MANAGEMENT AND DEFINED MEDICAL STAFF, THE JORDAN HEALTH SYSTEMS, INC. 457(F) DEFERRED COMPENSATION PLAN. IN ADDITION, DURING THE PERIOD COVERED BY THIS FILING, ONE OR MORE INDIVIDUALS LISTED IN THIS FORM 990, SCHEDULE J, COMPENSATION INFORMATION, MAY HAVE PARTICIPATED IN ONE OR MORE OF THESE ADDITIONAL IRC 457(B) PLANS AND BENEFITS FROM PARTICIPATING IN ONE OF THESE PLANS IS ALSO REPORTED IN THIS FORM 990: ANNA JAQUES HOSPITAL SELECT GROUP 457(B) DEFERRED COMPENSATION PLAN, BETH ISRAEL DEACONESS HOSPITAL MILTON 457(B) PLAN, BETH ISRAEL DEACONESS MEDICAL CENTER 457(B) PLAN, BETH ISRAEL LAHEY HEALTH, INC. 457(B) DEFERRED COMPENSATION PLAN, LAHEY CLINIC FOUNDATION, INC. 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN PHYSICIANS, SENIOR MANAGEMENT AND DEFINED MEDICAL STAFF, MOUNT AUBURN HOSPITAL 457(B) DEFERRED COMPENSATION PLAN, NEW ENGLAND BAPTIST HOSPITAL 457(B) PLAN, THE JORDAN HEALTH SYSTEMS, INC. ELIGIBLE DEFERRED COMPENSATION PLAN, WINCHESTER HOSPITAL SELECT GROUP 457(B) DEFERRED COMPENSATION PLAN, EXETER HEALTH RESOURCES, INC. 457(B) RETIREMENT SAVINGS PLAN, HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. 457(B) DEFERRED COMPENSATION PLAN. THESE PLANS ARE NON-QUALIFIED DEFERRED COMPENSATION PLANS AND PURSUANT TO THE PLANS, ELIGIBLE EMPLOYEES RECEIVE CERTAIN RETIREMENT BENEFITS AND/OR CAN MAKE THEIR OWN EMPLOYEE DEFERRALS. AMOUNTS RECEIVED BY PARTICIPANTS AND DEFERRED BY PARTICIPANTS ARE INCLUDED IN FORM 990 SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION AND/OR FORM 990, SCHEDULE J, PART II, COLUMN C, DEFERRED COMPENSATION IN ACCORDANCE WITH THE INSTRUCTIONS TO THIS FORM 990. ADDITIONAL INFORMATION IS INCLUDED WITH THE EXPLANATORY NOTES TO SCHEDULE J BELOW.

Program 3

EMERGENCY DEPARTMENT BIDN OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365...

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EMERGENCY DEPARTMENT BIDN OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. DURING THE FISCAL YEAR COVERED BY THIS FILING, BIDN HAD 27,591 EMERGENCY DEPARTMENT VISITS. IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE, THE BILH NETWORK HAD SIGNIFICANT ACTIVITIES ACROSS ENTITIES RELATED TO BOTH BEHAVIORAL HEALTH AND OTHER HEALTHCARE INITIATIVES. SEE THE NARRATIVE SUPPORT FOR SCHEDULE H FOR ADDITIONAL DETAILS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,295,787
Program Service Revenue $152,369,493
Investment Income $383,802
Other Revenue $3,247,520
TOTAL REVENUE $161,296,602

Expense Breakdown

Grants Paid $540,812
Salaries & Benefits $75,471,491
Fundraising Expenses $461,604
Program Expenses $139,152,453
Other Expenses $84,215,841
TOTAL EXPENSES $160,246,247

Year-over-Year Comparison

2023 2022 Change
Revenue $161,296,602 $170,815,918 -0.1%
Expenses $160,246,247 $140,022,676 +0.1%
Net Income $1,050,355 $30,793,242 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
19
Employees
1223
Volunteers
53

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
9
$10,064,748
Total Directors
24
$7,640,999
Key Employees
3
$1,019,031
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWAN MICHAEL TTEE(CEO DESIG) EVP HOS&AMBSVCS 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
FOGARTY JOHN PRESIDENT & TRUSTEE (EX-OFFICIO) 55.00
Officer Director
$609,616 $188,869 $798,485
KANNAM MD JOSEPH TRUSTEE; CARDIOLOGIST 1.00
Director
$0 $69,575 $530,897
CARNAHAN VIRGINIA TRUSTEE & CHAIR 1.00
Officer Director
$0 $0 $0
FLEMING PAUL TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
AUTH JOSEPH TRUSTEE 1.00
Director
$0 $0 $0
BARABINO GILDA TRUSTEE 1.00
Director
$0 $0 $0
CAGGIANO GINNY TTEE (EX-OFF) (CHAIR, BD OF ADVIS) 1.00
Director
$0 $0 $0
CARUCCI DEAN TTEE (EXO) (BILH DIV PRES COMMUNITY) 1.00
Director
$0 $0 $0
CHAMOUN NASSIB TRUSTEE 1.00
Director
$0 $0 $0
COFFMAN BARRY TRUSTEE 1.00
Director
$0 $0 $0
COUGHLIN JAMES C TRUSTEE 1.00
Director
$0 $0 $0
CRAMER JEREMY TRUSTEE 1.00
Director
$0 $0 $0
DEAMORE DENISE TRUSTEE 1.00
Director
$0 $0 $0
FINE GAIL H TRUSTEE 1.00
Director
$0 $0 $0
KIERSTEAD JANA TRUSTEE 1.00
Director
$0 $0 $0
LEVINE BRUCE TRUSTEE 1.00
Director
$0 $0 $0
MANNING MD BETH TRUSTEE 1.00
Director
$0 $0 $0
MARINO ROGER TRUSTEE 1.00
Director
$0 $0 $0
MEDALIE LESLIE TRUSTEE 1.00
Director
$0 $0 $0
POPEO PAUL D TRUSTEE 1.00
Director
$0 $0 $0
ULLMAN SONAL TTEE (EX-OFF) (PRES, MEDICAL STAFF) 1.00
Director
$0 $0 $0
WRIGHT JOHN 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
RANGAVIZ SHEILAH ASST TREAS (EX-OFF), CFO 1.00
Officer
$0 $16,067 $352,611
SMITH MBA BRIAN ASST TREAS (EX-OFF) & CFO 55.00
Officer
$301,457 $33,643 $335,100
VAZ ESQ BRIAN ASST CLERK (EX-OFF) (ASST GC BILH) 1.00
Officer
$0 $23,996 $176,797
MCSWEENEY MD GREGORY SVP & CHIEF MEDICAL OFFICER 55.00
Key Emp
$351,559 $41,508 $393,067
DAVIDSON RN KATHLEEN SVP, CNO, COO 55.00
Key Emp
$337,057 $32,750 $369,807
WELCH JULIE A VP, HUMAN RESOURCES BUSINESS PARTNER 55.00
Key Emp
$223,682 $32,475 $256,157
SULLIVAN MD MATTHEW GASTROENTEROLOGIST 55.00
Highest
$853,150 $78,712 $931,862
BOYD MD CHRISTOPHER G CARDIOLOGIST 55.00
Highest
$592,522 $67,955 $660,477
MCCARTHY MD KEVIN E CARDIOLOGIST 55.00
Highest
$601,197 $26,796 $627,993
PIATELLI LUANNE REGISTERED NURSE 55.00
Highest
$248,581 $42,279 $290,860
BERNARD LOUISE REGISTERED NURSE 55.00
Highest
$244,566 $38,068 $282,634
MURPHY TRACY FORMER ASSISTANT CLERK 0.00
$100,657 $10,714 $111,371
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 $161,296,602 $160,246,247 $185,625,640 $1,050,355
2023 $170,815,918 $140,022,676 $183,751,217 $30,793,242
2022 $138,937,991 $133,771,396 $166,387,328 $5,166,595
2021 $126,877,037 $120,642,727 $170,627,277 $6,234,310
2020 $106,145,010 $106,301,218 $166,952,017 $-156,208
2019 $104,920,401 $101,709,249 $155,884,405 $3,211,152
2018 $99,617,281 $91,881,145 $155,754,569 $7,736,136
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