PITTSFIELD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF NORTH ADAMS REGIONAL HOSPITAL IS TO ADVANCE HEALTH & WELLNESS FOR EVERYONE IN OUR COMMUNITY IN A WELCOMING, INCLUSIVE, & PERSONALIZED ENVIRONMENT.
IN 2014, THE FORMER NORTH ADAMS REGIONAL HOSPITAL (NARH), WHICH HAD BEEN OWNED AND OPERATED BY NORTHERN BERKSHIRE HEALTH SYSTEM (NOT AFFILIATED WITH BERKSHIRE HEALTH SYSTEMS), CLOSED AFTER FILING...
IN 2014, THE FORMER NORTH ADAMS REGIONAL HOSPITAL (NARH), WHICH HAD BEEN OWNED AND OPERATED BY NORTHERN BERKSHIRE HEALTH SYSTEM (NOT AFFILIATED WITH BERKSHIRE HEALTH SYSTEMS), CLOSED AFTER FILING BANKRUPTCY, LEAVING THE NORTH BERKSHIRE REGION WITHOUT AN ACUTE CARE HOSPITAL. FOLLOWING THE CLOSURE, THE GOVERNOR AND THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH ASKED BERKSHIRE HEALTH SYSTEMS (BHS) TO REOPEN AROUND-THE-CLOCK EMERGENCY CARE THROUGH A SATELLITE EMERGENCY FACILITY UNDER BERKSHIRE MEDICAL CENTER (BMC) LICENSURE. IN THE FOLLOWING MONTHS, BHS PURCHASED THE FACILITY AND PROPERTY THROUGH BANKRUPTCY PROCEEDINGS AND REOPENED NUMEROUS OUTPATIENT SERVICES AS THE NORTH ADAMS CAMPUS OF BMC. IN 2024, BHS FILED AN APPLICATION TO REOPEN NORTH ADAMS REGIONAL HOSPITAL AS A, (CONTINUED ON SCHEDULE O) CRITICAL ACCESS HOSPITAL (CAH) AS CONGRESS HAD ENACTED UPDATED GUIDELINES THAT WOULD ALLOW NARH TO QUALIFY FOR CAH STATUS, WHICH IT HAD NOT QUALIFIED FOR IN 2014. IN MARCH OF 2024, EXACTLY 10 YEARS AFTER IT HAD CLOSED, NARH REOPENED AS A CRITICAL ACCESS HOSPITAL, PROVIDING INPATIENT AND OUTPATIENT CARE SERVICES, MUCH TO THE RELIEF OF THE NORTH BERKSHIRE COMMUNITY.IN FY 2024, NARH ASSISTED WITH INCREASING ACCESS TO HEALTHCARE COVERAGE THROUGH ITS SUPPORT OF THE ECU-HEALTH CARE PROGRAM. THE HOSPITAL SUPPORTED PROGRAMS LIKE BERKSHIRE BOUNTY, BERKSHIRE NORTH WOMEN, INFANTS, AND CHILDREN NUTRITION PROGRAM, AND OPERATION BETTER START TO HELP THOSE FACING FOOD INSECURITY. THROUGH THE BERKSHIRE CONNECTIONS AND BERKSHIRE HARM REDUCTION PROGRAMS, NARH SUPPORTED THOSE WITH SUBSTANCE USE DISORDER ACCESS SUPPORTS AND SAFE USE SUPPLIES. MEMBERS OF THE COMMUNITY AND NARH STAFF PARTICIPATED IN THE BERKSHIRE 150 EXERCISE PROGRAM IN THE SPRING. THE HOSPITAL'S LANGUAGE SERVICES AND DIVERSITY, EQUITY, AND INCLUSION PROGRAMS IMPROVED ACCESS TO HEALTHCARE BY OFFERING TRANSLATION SERVICES AND CULTURALLY COMPETENT HEALTHCARE. STAFFING CONTINUES TO BE A CHALLENGE, AND AFTER OPENING, NARH CONTINUED BHS'S WORK OF PARTNERING WITH MASSACHUSETTS COLLEGE OF LIBERAL ARTS TO PROVIDE TRAINING AND EDUCATION FOR THE NEXT GENERATION OF HEALTHCARE PROVIDERS. THE HUB TEAM, WHICH IS A GROUP OF COMMUNITY AGENCIES, MET WEEKLY IN FY 2024 TO ASSESS AND ASSIST HIGH-RISK COMMUNITY MEMBERS IN THE NORTH BERKSHIRE COMMUNITY ACCESS CARE.
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 | $20,995,088 | N/A | N/A |
| Expenses | $26,781,394 | N/A | N/A |
| Net Income | $-5,786,306 | $0 | N/A |
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 |
|---|---|---|---|---|---|---|
| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $20,995,088 | $26,781,394 | $29,389,946 | $-5,786,306 |
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