Brockton Hospital Inc (EIN 222472997) - 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

ROBERT J HAFFEY

Phone

5089417000

Tax Period

2023-10-01 to 2024-09-30

Brockton Hospital Inc, founded in 1983, is a major nonprofit in the Health Care sector that reported $381.8M in total revenue in fiscal year 2023. The organization ran a surplus of $84.1M, a strong 22% operating margin.

Mission

SIGNATURE HEALTHCARE BROCKTON HOSPITAL IS A COMMUNITY-BASED NOT-FOR-PROFIT (CONTINUED ON SCHEDULE O)

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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 $2,824,918

Program Service Revenue $163,580,411

Investment Income $3,780,027

Other Revenue $211,576,523

TOTAL REVENUE $381,761,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,975,435

Fundraising Expenses $0

Program Expenses $270,567,063

Other Expenses $160,692,670

TOTAL EXPENSES $297,668,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,761,879	$367,295,141	+0.0%
Expenses	$297,668,105	$317,198,182	-0.1%
Net Income	$84,093,774	$50,096,959	+0.7%

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

2271

Volunteers

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

$1,310,710

Total Directors

$1,709,783

Key Employees

$444,627

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HAFFEY	PRESIDENT & CLERK/ CEO	50.0	Officer Director	$709,945	$66,406	$776,351
DAVID DRINKWATER MD	PHYSICIAN, TRUSTEE	1.0	Director	$0	$42,531	$697,260
JASON RADZEVICH	CFO & Treasurer	50.0	Officer	$496,097	$38,262	$534,359
KAREN E MURPHY	SENIOR VP GENERAL COUNSEL	50.0	Highest	$480,032	$26,097	$506,129
JUSSI J MAIJALA	CHIEF HUMAN RESOURCES OFFICER	40.0	Highest	$443,250	$36,208	$479,458
KIMBERLY WALSH	SR. VP/CHIEF OPERATING OFFICER	50.0	Key Emp	$400,366	$44,261	$444,627
NICHOLAS SZYMANSKI	VP/CHIEF INFORMATION OFFICER	40.0	Highest	$355,696	$27,616	$383,312
STEPHEN BORGES	VP FINANCIAL OPER. UNTIL 08/24	1.0	Highest	$292,721	$50,349	$343,070
JEFFREY MILLER	VP DEVELOPMENT	50.0	Highest	$271,175	$50,212	$321,387
KIM N HOLLON	FORMER PRESIDENT/CEO	0.0		$283,844	$0	$283,844
DEEPTI SESHADRI MD	PRESIDENT, MEDICAL STAFF	1.0	Director	$0	$3,413	$180,364
MICHAEL L DERN MD	DIRECTOR	1.0	Director	$0	$1,094	$55,808
ROBERT S GREENBERG MD	DIRECTOR	0.0		$0	$7,646	$49,003
JOSEPH P DRIER III	IMMEDIATE PAST CHAIRMAN	0.5	Director	$0	$0	$0
FRED NICCOLI	CHAIRMAN, DEVELOPMENT OFFICE	0.5	Director	$0	$0	$0
DAVID R WOLOHOJIAN	CHAIR,BOARD OF TRS UNTIL 09/24	0.5	Officer Director	$0	$0	$0
DAVID M OFFUTT	VICE CHAIRMAN	0.5	Officer Director	$0	$0	$0
DALE ELLENBERG MD	DIRECTOR	0.5	Director	$0	$0	$0
DAVID F ENGELKEMEYER	DIRECTOR	0.5	Director	$0	$0	$0
MARIA S HARRIS	TRUSTEE-AT-LARGE	0.5	Director	$0	$0	$0
JAMES F LEARY	DIRECTOR	0.5	Director	$0	$0	$0
SYDNE MARROW	DIRECTOR	0.5	Director	$0	$0	$0
VINCENT MARTURANO	DIRECTOR	0.5	Director	$0	$0	$0
LUKE MCCABE	DIRECTOR	0.5	Director	$0	$0	$0
CHERYL MCCALLION MD	DIRECTOR (UNTIL 12/12/23)	0.5	Director	$0	$0	$0
CLARA MIRANDA	DIRECTOR	0.5	Director	$0	$0	$0
PATTI ROLAND	DIRECTOR	0.5	Director	$0	$0	$0
EDWARD SMITH	DIRECTOR	0.5	Director	$0	$0	$0
MICHAEL J SULLIVAN	DIRECTOR	0.5	Director	$0	$0	$0
JOSEPH L TANSEY	CHAIR,BOARD OF TRS(FROM 09/24)	0.5	Officer Director	$0	$0	$0
JOHN TWOHIG	DIRECTOR (FROM 12/12/23)	0.5	Director	$0	$0	$0

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	$381,761,879	$297,668,105	$450,586,871	$84,093,774
2023	$367,295,141	$317,198,182	$322,843,764	$50,096,959
2022	$372,320,315	$361,299,918	$282,009,414	$11,020,397
2021	$341,306,981	$324,312,144	$312,206,864	$16,994,837
2020	$310,329,472	$293,324,206	$329,126,341	$17,005,266
2019	$299,172,614	$288,576,358	$258,092,500	$10,596,256
2018	$295,223,380	$275,277,854	$245,000,101	$19,945,526

Brockton Hospital Inc