BAYSTATE WING HOSPITAL CORPORATION (EIN 222519813) - 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

1984

Legal Domicile

Principal Officer

LAURIE MARTIN

Phone

4137943290

Tax Period

2023-10-01 to 2024-09-30

BAYSTATE WING HOSPITAL CORPORATION, founded in 1984, is a major nonprofit in the Health Care sector that reported $101.6M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.

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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 $188,304

Program Service Revenue $98,854,699

Investment Income $1,086,121

Other Revenue $1,447,226

TOTAL REVENUE $101,576,350

Expense Breakdown

Grants Paid $53,767

Salaries & Benefits $49,034,208

Fundraising Expenses $146

Program Expenses $97,016,035

Other Expenses $54,819,391

TOTAL EXPENSES $103,907,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,576,350	$106,293,114	0.0%
Expenses	$103,907,366	$108,219,048	0.0%
Net Income	$-2,331,016	$-1,925,934	+0.2%

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

890

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

$2,244,747

Total Directors

$2,602,941

Key Employees

$280,699

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLAS JABBOUR MD	TRUSTEE (AS OF 1/1/24)/CHAIR DEPT. OF SURGERY	1.00	Director	$0	$56,490	$1,083,422
KRISTIN MORALES-LEMIEUX	DIRECTOR (THRU 10/1/23)/SVP/CHRO	1.00	Director	$0	$25,851	$782,253
KELLY GALSTER DO	TRUSTEE / SURGEON	50.00	Director	$411,659	$44,922	$456,581
EDISON BOND	DIRECTOR/DIR PAT RELATIONS	45.00	Director	$0	$9,919	$140,499
AKINYELE K LOVELACE DO	TRUSTEE (AS OF 10/1/23)/PER DIEM INTERNIST	1.00	Director	$102,600	$4,617	$107,217
SARA ROURKE MD	TRUSTEE (AS OF 10/1/23/PER DIEM URGENT CARE PHYS	1.00	Director	$31,250	$1,719	$32,969
COLLEEN W HOLMES	VICE CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
HARRIET A DEVERRY	CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
JULIE QUINK	TRUSTEE	1.00	Officer Director	$0	$0	$0
KARA NOONAN PEAR	CHAIR/DIRECTOR (THRU 10/1/23)	1.00	Officer Director	$0	$0	$0
PETER D BANKO	TRUSTEE (AS OF 6/4/24)/PRESIDENT & CEO - BH	1.00	Officer Director	$0	$0	$0
ANTONIO E DOS SANTOS	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
CLAUDIA R COPLEIN DO	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
DENISE R JORDAN	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
DEREK GARIEPY	DIRECTOR (THRU 10/1/23)	1.00	Director	$0	$0	$0
IRENE RODRIGUEZ-MARTIN	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
LINDA THOMPSON	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
MARIA P GONCALVES	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
MARK A O'CONNELL	TRUSTEE	1.00	Director	$0	$0	$0
MIRIAM SIEGEL	DIRECTOR (THRU 10/1/23)	1.00	Director	$0	$0	$0
PAUL C PICKNELLY	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
RICHARD BOSSIE	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
ROBERT J BACON	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
ROBERT LOGAN	DIRECTOR (THRU 10/1/23)	1.00	Director	$0	$0	$0
RUTH H CONSTANTINE	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
SHEILA CUDDY	DIRECTOR (THRU 10/1/23)	1.00	Director	$0	$0	$0
WILLIAM R WEBBER	TRUSTEE (AS OF 10/1/23)	1.00	Director	$0	$0	$0
RAYMOND MCCARTHY	TRUSTEE/SVP, CFO & TREASURER BH	5.00	Officer	$0	$29,919	$1,211,162
RONALD P BRYANT	TRUSTEE/PRESIDENT, BH COMM HOSPITALS	16.00	Officer	$0	$49,163	$739,549
KRISTIN R DELANEY	SECRETARY/DIR CORP GOVERNANCE	1.00	Officer	$0	$40,432	$217,312
NANCY REMILLARD	ASST. CLERK OF THE CORP	1.00	Officer	$0	$13,612	$76,724
JANICE MAYFORTH	CFO - REGIONAL COMMUNITY HOSPITALS	20.00	Key Emp	$238,656	$42,043	$280,699
KARLI BARRETT	CNO/CHIEF ADMINISTRATIVE OFFICER	50.00	Highest	$265,436	$45,141	$310,577
PAUL FULLER	RESPIRATORY THERAPIST REG	50.00	Highest	$212,787	$30,252	$243,039
LORI J REED PUFF	DIR PATIENT CARE SVCS	50.00	Highest	$179,198	$25,159	$204,357
GEORGE D NOLAN	DIRECTOR, SUPPORT SERVICES (THRU 1/5/24)	50.00	Highest	$163,727	$32,367	$196,094
ANDRENE LAING	REGISTERED NURSE PER DIEM	50.00	Highest	$163,019	$23,700	$186,719

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	$101,576,350	$103,907,366	$86,414,742	$-2,331,016
2023	$106,293,114	$108,219,048	$89,509,846	$-1,925,934
2022	$98,334,655	$106,902,155	$82,641,087	$-8,567,500
2021	$97,206,592	$98,148,783	$104,408,982	$-942,191
2020	$85,342,457	$92,261,958	$105,263,660	$-6,919,501
2019	$86,179,789	$92,029,075	$97,906,554	$-5,849,286
2018	$84,984,065	$88,625,040	$104,853,315	$-3,640,975

BAYSTATE WING HOSPITAL CORPORATION