CHARLESTOWN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW ENGLAND BAPTIST MEDICAL ASSOCIATES INC, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $13.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $18.8M exceeded revenue, resulting in a 44% operating deficit.
THE MISSION OF NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA) IS TO PROVIDE MEDICAL CARE TO THE PATIENTS OF ITS SOLE MEMBER, NEW ENGLAND BAPTIST HOSPITAL (NEBH OR HOSPITAL) AND ITS AFFILIATES IN THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK, AND TO WORK WITH THE HOSPITAL TO ACHIEVE THE EXEMPT PURPOSES OF NEBMA, NEBH AND BILH. NEBMA STRIVES TO PROVIDE THE HIGHEST QUALITY MEDICAL AND SURGICAL CARE AS WELL AS ADMINISTRATIVE SUPPORT AND LEADERSHIP FOR NEBH. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF 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), ANNA JAQUES HOSPITAL (AJH), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), THE JOSLIN DIABETES CENTER, 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), EHRI IN TURN SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL AND LHSS IN TURN SERVED AS THE SOLE MEMBER OF BETH ISRAEL LAHEY HEALTH PRIMARY CARE. SEE FORM 990 SCHEDULE R FOR ADDITIONAL INFORMATION. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE 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, ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.
PATIENT CARE: NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA) PHYSICIANS PROVIDE OUTPATIENT SERVICES TO THE COMMUNITIES SERVED BY NEBMA'S SOLE MEMBER, NEW ENGLAND BAPTIST HOSPITAL (NEBH OR HOSPITAL)...
PATIENT CARE: NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA) PHYSICIANS PROVIDE OUTPATIENT SERVICES TO THE COMMUNITIES SERVED BY NEBMA'S SOLE MEMBER, NEW ENGLAND BAPTIST HOSPITAL (NEBH OR HOSPITAL). IN A TYPICAL FISCAL YEAR, NEBMA PHYSICIANS PERFORM MORE THAN 40,000 PATIENT PROCEDURES. ADDITIONALLY, ALTHOUGH NEBH IS NOT LICENSED TO OPERATE AN EMERGENCY DEPARTMENT, NEBH AND NEBMA PHYSICIANS STILL PROVIDED CARE TO ALL WHO NEED URGENT CARE, REGARDLESS OF THEIR ABILITY TO PAY. ALL PATIENTS WHO PRESENT AT NEBH ARE TRIAGED TO THE APPROPRIATE VENUE FOR THEIR CARE DEPENDING UPON THEIR CLINICAL PRESENTATION. A CLINICAL RESOURCE NURSE AND HOSPITALIST COLLABORATE TO IDENTIFY THE APPROPRIATE VENUE FOR THEIR CARE PRIOR TO THE ARRIVAL OF PATIENT WHEN POSSIBLE. THE HOSPITALIST WILL MAKE A DETERMINATION AS TO THE BEST PATIENT DISPOSITION. CLINICAL SITUATIONS RECEIVED BY PHONE OR WALK-IN REQUIRING EMERGENCY MANAGEMENT ARE DIRECTED TO THE NEAREST EMERGENCY DEPARTMENT, SUCH AS BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), A SISTER HOSPITAL WITH WHOM NEBH HAS AN EMERGENCY TRANSFER AGREEMENT. BIDMC IS A TERTIARY CARE ACADEMIC MEDICAL CENTER WHICH OPERATES A LEVEL I TRAUMA EMERGENCY DEPARTMENT 24 HOURS A DAY, 7 DAYS A WEEK AND WHICH IS LOCATED APPROXIMATELY ONE MILE FROM NEBH. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: ADMINISTRATIVE SERVICES TO AFFILIATE: NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA) PHYSICIANS PROVIDE VITAL LEADERSHIP, ADMINISTRATIVE, AND MEDICAL SERVICES TO NEBMA'S SOLE MEMBER, NEW ENGLAND BAPTIST HOSPITAL (NEBH OR HOSPITAL), AND SUPPORT THE HOSPITAL TO ACHIEVE ITS VISION TO BE A "PREMIER ORTHOPEDIC CENTER OF EXCELLENCE, PROVIDING THE HIGHEST QUALITY MEDICAL AND SURGICAL CARE." NEBMA PHYSICIAN LEADERS INCLUDE THE HOSPITAL'S CHIEFS OF ORTHOPEDICS, SURGERY, MEDICINE, PATHOLOGY, AND RADIOLOGY. NEBMA HOSPITALISTS AND SURGICAL HOUSE OFFICERS PROVIDE THE HIGHEST QUALITY MEDICAL AND SURGICAL CARE TO THE HOSPITAL'S PATIENTS, WHILE SUPPORTING ALL HOSPITAL STAFF PHYSICIANS. NEBMA'S MEDICAL DIRECTOR AND OTHER CLINICAL LEADERS ARE INTEGRAL TO BOTH THE HOSPITAL'S ADMINISTRATIVE AND CLINICAL FUNCTIONS. IN ADDITION, AS NOTED FURTHER BELOW, THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK OF AFFILIATES ENGAGED IN SIGNIFICANT ACTIVITIES SUPPORTING BEHAVIORAL HEALTH IN THE PRIMARY CARE AND OTHER HEALTHCARE SETTINGS AS WELL AS OTHER HEALTHCARE INITIATIVES FOR THE COMMUNITIES SERVED. IN ADDITION TO THE ACCOMPLISHMENTS NOTED ABOVE FOR NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA), AND AS NOTED THROUGHOUT THIS FORM 990, NEW ENGLAND BAPTIST MEDICAL ASSOCIATES (NEBMA) IS A MEMBER OF THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK OF AFFILIATES. THE BILH CORE VALUES AND PRINCIPALS ARE LISTED HERE AS WELL AS NETWORK-WIDE ACCOMPLISHMENTS DURING THE FISCAL PERIOD COVERED BY THIS FILING. THE BILH NETWORK IS DELIVERING ON THE PROMISE TO BILH PATIENTS AND COMMUNITIES TO EXPAND ACCESS AND PROVIDE EXTRAORDINARY CARE, WHILE ALSO ADVANCING MEDICINE THROUGH DISCOVERY AND EDUCATION. THE BILH PURPOSE STATEMENT ARTICULATES THE IMPACT THAT EACH BILH AFFILIATE STRIVES TO MAKE IN THE COMMUNITIES SERVED. THESE SHARED VALUES GUIDE EACH ENTITY'S DAILY EFFORTS AND KEEP EACH AFFILIATE ALIGNED IN THE PURSUIT OF THE BILH PURPOSE, SHOWING HOW "WE CARE" FOR PATIENTS, EACH OTHER AND THE COMMUNITIES SERVED. PURPOSE STATEMENT: BILH CREATES HEALTHIER COMMUNITIES ONE PERSON AT A TIME THROUGH SEAMLESS CARE AND GROUND-BREAKING SCIENCE, DRIVEN BY EXCELLENCE, INNOVATION AND EQUITY. BILH WE CARE VALUES: WELLBEING. WE PROVIDE A HEALTH-FOCUSED WORKPLACE AND SUPPORT A HEALTHY WORK-LIFE BALANCE. EMPATHY. WE DO OUR BEST TO UNDERSTAND OTHERS' FEELINGS, NEEDS AND PERSPECTIVES. COLLABORATION. WE WORK TOGETHER TO ACHIEVE EXTRAORDINARY RESULTS. ACCOUNTABILITY. WE HOLD OURSELVES AND EACH OTHER TO BEHAVIORS NECESSARY TO ACHIEVE OUR COLLECTIVE GOALS. RESPECT. WE VALUE DIVERSITY AND TREAT ALL MEMBERS OF OUR COMMUNITY WITH DIGNITY AND INCLUSIVENESS. EQUITY. EVERYONE HAS THE OPPORTUNITY TO ATTAIN THEIR FULL POTENTIAL IN OUR WORKPLACE AND THROUGH THE CARE WE PROVIDE. BILH IS ACCOMPLISHING THIS MISSION BY PROVIDING SUPPORT TO ITS AFFILIATES WHICH INCLUDE: 1. A PHYSICIAN ENTERPRISE THAT ENCOMPASSES THE SYSTEM'S NETWORK OF EMPLOYED PRIMARY CARE AND SPECIALTY PHYSICIANS LOCATED THROUGHOUT OUR REGION; 2. A HOSPITAL AND AMBULATORY SERVICES GROUP THAT INCLUDES WORLD-CLASS ACADEMIC MEDICAL CENTERS AND TEACHING HOSPITALS WITH AFFILIATIONS WITH HARVARD MEDICAL SCHOOL, UM AND TUFTS UNIVERSITY SCHOOL OF MEDICINE; LEADING COMMUNITY HOSPITALS; A RENOWNED ORTHOPEDICS HOSPITAL; AND COMPREHENSIVE AMBULATORY CENTERS; 3. A POPULATION HEALTH ENTERPRISE THAT EMBRACES A MODEL OF CARE TO IMPROVE THE HEALTH OF ALL THOSE SERVED BY BILH; THE POPULATION HEALTH DOMAIN INCLUDES THE SYSTEM'S CLINICALLY INTEGRATED NETWORK OF AFFILIATED PROVIDERS AND VITAL SERVICES, INCLUDING BEHAVIORAL HEALTH AND HOME CARE SERVICES; 4. A ROBUST NETWORK OF ADMINISTRATIVE AND OPERATIONAL SERVICES TO ADVANCE STRATEGIC GOALS, BOTH LOCALLY AND AT THE SYSTEM LEVEL, THAT OFFERS EXPERTISE AND STANDARDIZED RESOURCES BASED ON BEST PRACTICES. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF 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), ANNA JAQUES HOSPITAL (AJH), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), THE JOSLIN DIABETES CENTER, 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), EHRI IN TURN SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL AND LHSS IN TURN SERVED AS THE SOLE MEMBER OF BETH ISRAEL LAHEY HEALTH PRIMARY CARE. THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. SEE FORM 990 SCHEDULE R FOR ADDITIONAL AFFILIATED ENTITIES. BILH PROVIDES CENTRALIZED SUPPORT TO ITS NETWORK OF SUPPORTED ORGANIZATIONS. BILH SUPPORT INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING SERVICES: DEVELOPMENT AND FUNDRAISING, STRATEGIC PLANNING, COMPLIANCE, GOVERNANCE AND LEGAL SUPPORT, HUMAN RESOURCES, PATIENT CARE PAYOR CONTRACTING, OPERATIONAL SUPPORT SUCH AS PROCESSING PAYROLL AND ACCOUNTS PAYABLE, NETWORK-WIDE BENEFIT PLAN STRUCTURING AND NETWORK-WIDE CASH MANAGEMENT. BILH OVERSEES THE FINANCIAL WELL-BEING OF ITS AFFILIATES, INCLUDING PROVIDING MANAGEMENT, LEADERSHIP, DEBT STRUCTURING SUPPORT, FINANCING OF CAPITAL PROJECTS THROUGH ITS OBLIGATED GROUP DEBT AND FINANCIAL SUPPORT SERVICES, INCLUDING INTERNAL AND EXTERNAL AUDIT, TREASURY, INSURANCE AND TAX SERVICES. FOR THE FISCAL PERIOD COVERED BY THIS FILING BILH, INC. PROVIDED SERVICES AND SUPPORT TO ITS AFFILIATES, IN THE AMOUNT OF $15,835,226,845. ADDITIONAL DETAIL ABOUT ACCOMPLISHMENTS ACROSS BILH ARE BELOW. BILH NETWORK ACCOMPLISHMENTS AND ACTIVITIES FISCAL YEAR ENDED SEPTEMBER 30, 2024 BILH'S SUPPORT OF ITS AFFILIATES ENABLES THE NETWORK AS A WHOLE TO ACCOMPLISH ITS PRIMARY MISSION OF IMPROVING THE HEALTH OF PATIENTS, THEIR FAMILIES AND THE COMMUNITIES SERVED. AS NOTED PREVIOUSLY IN THIS FILING, BILH STRIVES TO ACCOMPLISH THIS MISSION BY DELIVERING THE HIGH-QUALITY HEALTH CARE THAT EVERY PATIENT DESERVES. BILH BELIEVES THAT EFFECTIVE CARE IS EASILY ACCESSIBLE AND SIMPLE TO USE SO IT IS BILH'S FOCUS TO PROVIDE PATIENTS WITH CARE THAT IS IN CLOSE PROXIMITY AND CONVENIENT REGARDLESS OF WHERE PATIENTS LIVE, THEIR HEALTH HISTORY OR STAGE OF LIFE AND BILH IS ACCOMPLISHING THIS GOAL BY PROVIDING SUPPORT TO EACH OF ITS AFFILIATES, PROVIDING AN ORGANIZATIONAL STRUCTURE AND OPERATING MODEL WHICH IS DRIVEN BY FOUR DEEPLY INTERCONNECTED DOMAINS DESIGNED TO ADVANCE MEANINGFUL PARTNERSHIPS ACROSS ORGANIZATIONS, CARE SETTINGS, SPECIALTIES, AND GEOGRAPHIES TO ENSURE BILH PATIENTS RECEIVE THE CARE THEY NEED IN THE COMMUNITIES WHERE THEY LIVE AND WORK. PATIENT CARE DELIVERY ACROSS THE BILH NETWORK -- FISCAL YEAR ENDED SEPTEMBER 30, 2024 HOSPITAL CARE: DURING THE PERIOD COVERED BY THIS FILING, THE BILH HOSPITALS PROVIDED CARE TO PATIENTS IN A FULL SPECTRUM OF SPECIALTIES AND UTILIZING A WIDE RANGE OF MODALITIES. BELOW ARE A SAMPLE OF THE HOSPITAL CARE PROVIDED TO BILH PATIENTS. DURING THE FISCAL YEAR COVERED BY THIS FILING, BILH HOSPITALS HAD APPROXIMATELY 4.9 MILLION OUTPATIENT ENCOUNTERS. APPROXIMATELY 80,000 OUTPATIENT/AMBULATORY SURGERIES AND OVER 100,000 ENDOSCOPIES WERE PERFORMED,
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 | $13,045,815 | $9,772,970 | +0.3% |
| Expenses | $18,785,301 | $14,818,008 | +0.3% |
| Net Income | $-5,739,486 | $-5,045,038 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| MATTINGLY MD DAVID | TTEE (SURG CHIEF & CHAIR ORTHO NEBH) | 55.00 |
Director
|
$1,595,869 | $36,694 | $1,632,563 |
| PASSAFARO DAVID | TTEE (EX-OFF) (PRES, NEBH) | 1.00 |
Director
|
$0 | $187,914 | $833,545 |
| BASILICO MD FACC FREDERICK | PRES & TTEE (EXO) (PHYS CHIEF, NEBH) | 55.00 |
Officer
Director
|
$609,240 | $28,764 | $638,004 |
| CRUZ-GERVIS MD ROBERTO | CHAIR&TTEE (CHIEF NEBH HOSPITALISTS) | 55.00 |
Officer
Director
|
$462,428 | $42,838 | $505,266 |
| LEGASSIE PAIGE | SEC & TTEE; (VP, HR BUS PTR, NEBH) | 1.00 |
Officer
Director
|
$0 | $14,143 | $214,200 |
| SMITH MBA BRIAN | ASST TREAS; METRO BOSTON & NEBH CFO | 1.00 |
Officer
|
$0 | $33,643 | $335,100 |
| HOLLENBECK MD BRIAN | SVP, CMO & CHIEF INFECTIOUS DISEASES | 55.00 |
Key Emp
|
$495,187 | $49,691 | $544,878 |
| KASIMATI MD IVI | HOSPITALIST | 55.00 |
Highest
|
$462,073 | $45,922 | $507,995 |
| STEINER MD MARCIA | INTENSIVIST | 55.00 |
Highest
|
$485,354 | $21,056 | $506,410 |
| LEDERMAN MD ANDREW | PHYSIATRIST | 55.00 |
Highest
|
$387,613 | $49,596 | $437,209 |
| LAHO MD HAKI | HOSPITALIST | 55.00 |
Highest
|
$394,622 | $41,884 | $436,506 |
| BUNGURI MD GENTIANA | HOSPITALIST | 55.00 |
Highest
|
$377,628 | $26,294 | $403,922 |
| GHERINGHELLI MSF THOMAS J | FRMR TREAS & TTEE (EXO) (CFO, NEBH) | 0.00 |
|
$0 | $0 | $292,089 |
| LEFAIVRE DANIEL | FRMR TREAS & TTEE (EXO) (CFO, NEBH) | 0.00 |
|
$0 | $25,354 | $194,665 |
| THOMPSON LINDA E | FRMR SEC/TTEE (EX-OFF) (SVP HR NEBH) | 0.00 |
|
$0 | $0 | $110,210 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $13,045,815 | $18,785,301 | $5,614,581 | $-5,739,486 |
| 2023 | $9,772,970 | $14,818,008 | $2,653,004 | $-5,045,038 |
| 2022 | $9,341,117 | $12,401,082 | $873,415 | $-3,059,965 |
| 2021 | $10,079,047 | $13,096,626 | $728,022 | $-3,017,579 |
| 2020 | $10,819,332 | $14,662,131 | $911,818 | $-3,842,799 |
| 2019 | $12,093,071 | $16,035,142 | $1,634,786 | $-3,942,071 |
| 2018 | $12,851,418 | $16,573,409 | $2,730,413 | $-3,721,991 |
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