Brockton Hospital Inc

EIN: 222472997 501(c)(3) Health Care

Brockton, MA

Total Revenue
$381,761,879
Total Expenses
$297,668,105
Total Assets
$450,586,871
Net Assets
$228,990,748
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
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)

Program Service Accomplishments

Program 1
Expenses: $270,567,063 Revenue: $373,791,908

BROCKTON HOSPITAL IS AN ACUTE CARE HOSPITAL LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO OPERATE 216 ACUTE CARE BEDS (COMPOSED OF 131 MEDICAL/SURGICAL, 16 INTENSIVE CARE, 8 PEDIATRIC...

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BROCKTON HOSPITAL IS AN ACUTE CARE HOSPITAL LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO OPERATE 216 ACUTE CARE BEDS (COMPOSED OF 131 MEDICAL/SURGICAL, 16 INTENSIVE CARE, 8 PEDIATRIC, 20 OBSTETRIC, 22 PSYCHIATRIC), AND 19 BASSINETS (COMPOSED OF 13 WELLINFANT AND 6 SPECIAL CARE). THE HOSPITAL OFFERS A COMPREHENSIVE RANGE OF HEALTH CARE SERVICES TO MEET DIVERSE COMMUNITY NEEDS INCLUDING EMERGENCY CARE, ACUTE CARE (INCLUDING MEDICAL/SURGICAL, OBSTETRICS, PEDIATRIC, PSYCHIATRIC, CARDIAC, AND CANCER CARE. THE HOSPITAL PROVIDES FREE CARE TO THOSE WHO ARE UNABLE TO PAY, SPONSORS FREE HEALTH SCREENINGS, VARIOUS SUPPORT GROUPS AND EDUCATIONAL PROGRAMS, INCLUDING PUBLIC HEALTH EDUCATION, WELLNESS PROGRAMS AND THE TRAINING OF HEALTH PROFESSIONALS SUCH AS FIRST RESPONDER EDUCATION AND TRAINING. DURING THE YEAR ENDED SEPTEMBER 30, 2024 THE HOSPITAL HAD 1,124 TOTAL DISCHARGES AND OBSERVATIONS, 3,533 TOTAL PATIENT DAYS, AND 207,669 OUTPATIENT CLINIC VISITS. THE HOSPITAL'S EMERGENCY DEPARTMENT HAD 7,559 VISITS DURING THE FISCAL YEAR AND IS OPEN 24 HOURS A DAY, EVERY DAY OF THE YEAR AND PROVIDES CARE REGARDLESS OF ONE'S ABILITY TO PAY. DURING FISCAL YEAR 2023, BROCKTON HOSPITAL HAD A FIRE ON FEBRUARY 7, 2023 CAUSING THE CLOSURE OF THE HOSPITAL. AFTER THE FIRE, BROCKTON HOSPITAL OPENED 3 URGENT CARE CENTERS TO SERVICE THE COMMUNITY AND HAD 52,129 VISITS FROM OCTOBER 2023 THROUGH AUGUST 2024. THE HOSPITAL REOPENED ON AUGUST 13, 2024.

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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%)

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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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Governance

Voting Members
20
Independent Members
16
Employees
2271
Volunteers
18

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
5
$1,310,710
Total Directors
22
$1,709,783
Key Employees
1
$444,627
Highest Compensated
5
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
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