NORTH ADAMS REGIONAL HOSPITAL

EIN: 932484732 501(c)(3) Health Care

PITTSFIELD, MA

Total Revenue
$20,995,088
Total Expenses
$26,781,394
Total Assets
$29,389,946
Net Assets
$-5,786,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MA
Principal Officer
SCOTT STGEORGE
Phone
4134472508
Tax Period
2023-10-01 to 2024-09-30

NORTH ADAMS REGIONAL HOSPITAL, founded in 2023, is a mid-sized nonprofit in the Health Care sector that reported $21.0M in total revenue in fiscal year 2023. Expenses of $26.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

ADVANCE THE HEALTH & WELLNESS OF OUR COMMUNITY IN A WELCOMING,INCLUSIVE,& PERSONALIZED ENVIRONMENT.

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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 $10,000
Program Service Revenue $20,841,935
Investment Income $0
Other Revenue $143,153
TOTAL REVENUE $20,995,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,923,976
Fundraising Expenses $0
Program Expenses $20,395,916
Other Expenses $16,857,418
TOTAL EXPENSES $26,781,394

Year-over-Year Comparison

2023 2022 Change
Revenue $20,995,088 N/A N/A
Expenses $26,781,394 N/A N/A
Net Income $-5,786,306 $0 N/A
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

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Governance

Voting Members
23
Independent Members
18
Employees
209
Volunteers
25

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
$1,869,581
Total Directors
26
$2,762,128
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE M RODOWICZ PRESIDENT/TRUSTEE 3.00
Officer Director
$0 $37,153 $1,092,652
ALFRED BARBALUNGA TRUSTEE 1.00
Director
$0 $0 $0
ALEC BELMAN TRUSTEE/ PHYSICIAN 0.00
Director
$0 $69,757 $481,060
JASON BRATCHER TRUSTEE/ PHYSICIAN 0.00
Director
$0 $30,341 $672,180
ALFRED BRAVO TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY BURKE TRUSTEE 1.00
Director
$0 $0 $0
ROBERT CELLA JR MD TRUSTEE 1.00
Director
$0 $0 $0
SHAWN V CUSSON TRUSTEE 1.00
Director
$0 $0 $0
EDITH KIT DOBELLE TRUSTEE 1.00
Director
$0 $0 $0
DAVID HALL TRUSTEE 1.00
Director
$0 $0 $0
LETICIA SE HAYNES TRUSTEE/ TERM ENDED 12/23 1.00
Director
$0 $0 $0
EDMUND HORNSTEIN DO TRUSTEE 1.00
Director
$0 $380 $227,562
SUSAN KORMANIK TRUSTEE 1.00
Director
$0 $0 $0
JOHN A LOIODICE MD TRUSTEE/ PHYSICIAN 1.00
Director
$0 $38,038 $288,674
KATHLEEN M MCCORMICK ESQ TRUSTEE 1.00
Director
$0 $0 $0
DAVID MORESI TRUSTEE 1.00
Director
$0 $0 $0
LAURIE NORTON MOFFATT TRUSTEE 1.00
Director
$0 $0 $0
FREDERICK PUDDESTER TRUSTEE 1.00
Director
$0 $0 $0
BARTON D RASER TRUSTEE 1.00
Officer Director
$0 $0 $0
DEBORAH RENZI TRUSTEE/ TERM BEGAN 1/1/24 1.00
Director
$0 $0 $0
JEANETTE SMITH PHD TRUSTEE 1.00
Director
$0 $0 $0
ANAKATINA CORDON SUFFISH TRUSTEE 1.00
Director
$0 $0 $0
JOHN L BISSELL TRUSTEE TERM ENDED 12/23 1.00
Director
$0 $0 $0
BRONLY S BOYD TRUSTEE TERM ENDED 12/23 1.00
Director
$0 $0 $0
CAROL G SIEGEL TRUSTEE TERM ENDED 12/23 1.00
Director
$0 $0 $0
EDWIN A STUEBNER JR MD TRUSTEE TERM ENDED 12/23 1.00
Director
$0 $0 $0
SCOTT STGEORGE TREASURER 3.00
Officer
$0 $25,392 $627,894
CHERYL M BOUDREAU CLERK 2.00
Officer
$0 $19,721 $149,035
RICHARD ALCOMBRIGHT TRUSTEE 1.00
Officer
$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 $20,995,088 $26,781,394 $29,389,946 $-5,786,306
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