Winchester Hospital
- Assets
- $449.2m
- Revenue
- $287.8m
- Investments
- $190.3m
- Employees
- 2,676
- Location
- Winchester, MA
- Founding
- 03/2015
- Data as of
- 09/2019
- EIN
- 04-2104434
Organization Overview
Winchester Hospital is located in Winchester, MA. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Winchester Hospital employed 2,676 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Winchester Hospital generated $287.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $279.7m during the year ending 09/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Winchester Hospital has awarded 12 individual grants totaling $170,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
WINCHESTER HOSPITAL'S MISSION IS TO CARE. TO HEAL. TO EXCEL. IN SERVICE TO OUR COMMUNITY. IT IS A SIMPLE BUT POWERFUL STATEMENT THAT GUIDES OUR STAFF EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINE 4A OUTPATIENT SERVICESWINCHESTER HOSPITAL'S TREMENDOUS PRESENCE AND COMMITMENT IN THE COMMUNITY IS EXEMPLIFIED BY OUR VARIOUS OUTPATIENT FACILITIES THROUGHOUT THE NORTH-OF-BOSTON AREA, INCLUDING WOBURN, STONEHAM, WILMINGTON AND MEDFORD.THE AMBULATORY SURGERY CENTER IN WINCHESTER IS A STATE-OF-THE-ART OUTPATIENT SURGERY CENTER OFFERING ADVANCED DAY SURGERY. THE CENTER FEATURES REDUCED WAIT TIMES FOR SURGICAL CARE, EXPANDED CAPACITY AND SERVICES TO ADDRESS PATIENT NEEDS, AND A FACILITY THAT WILL ALLOW FOR FUTURE EXPANSION. THE FACILITY IS ALSO HOME TO THE HOSPITAL'S CENTER FOR CANCER CARE, WHICH WAS CREATED BASED ON THE VISION TO DEVELOP A STATE-OF-THE ART, COMMUNITY-BASED CENTER DEDICATED TO AN INTEGRATED MODEL OF CANCER CARE. WINCHESTER HOSPITAL IS PROUD TO OFFER PATIENTS DIAGNOSED WITH CANCER EASY ACCESS TO THE MOST ADVANCED CLINICAL CARE IN AN ENVIRONMENT UNIQUELY DEDICATED TO MEETING THEIR MEDICAL AND EMOTIONAL NEEDS.
LINE 4B INPATIENT SERVICESINPATIENT SERVICES AT WINCHESTER HOSPITAL OFFER PATIENTS HIGH-QUALITY ACUTE-CARE IN CLINICAL AREAS SUCH AS PEDIATRICS, OBSTETRICS AND MATERNITY INCLUDING A SPECIAL CARE NURSERY.WITH APPROXIMATELY 2,000 BABIES DELIVERED EVERY YEAR, WINCHESTER HOSPITAL IS RECOGNIZED AS A LEADER IN MATERNITY CARE. THE HOSPITAL WAS THE FIRST COMMUNITY HOSPITAL IN EASTERN MASSACHUSETTS TO PERFORM ROBOTIC SURGERY WITH THE DA VINCI SURGICAL SYSTEM, AND THE FIRST COMMUNITY HOSPITAL IN MASSACHUSETTS TO ACHIEVE MAGNET RECOGNITION. THE MAGNET PROGRAM WAS ESTABLISHED BY THE AMERICAN NURSES CREDENTIALING CENTER TO RECOGNIZE HEALTH CARE ORGANIZATIONS THAT PROVIDE THE VERY BEST IN NURSING CARE AND UPHOLD THE TRADITION OF PROFESSIONAL NURSING PRACTICE. IT IS THEIR HIGHEST HONOR FOR NURSING EXCELLENCE.
LINE 4C EMERGENCY ROOM SERVICESWINCHESTER'S HOSPITAL'S EMERGENCY DEPARTMENT OFFERS ADVANCED EMERGENCY MEDICINE SERVICES TO LOCAL COMMUNITIES NORTH OF BOSTON.THE HOSPITAL IS STAFFED BY BOARD-CERTIFIED, EMERGENCY MEDICINE PHYSICIANS AND NURSES WHO ARE EXTENSIVELY TRAINED IN EMERGENCY MEDICINE AND CERTIFIED IN ADVANCED CARDIAC LIFE SUPPORT (ACLS) AND PEDIATRIC ADVANCED LIFE SUPPORT (PALS). WINCHESTER HOSPITAL IS ALSO A PRIMARY STROKE SERVICE HOSPITAL, AS DESIGNATED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH, PROVIDING LEADING-EDGE STROKE CARE. THE HOSPITAL ALSO OFFERS SPECIALIZED PEDIATRIC CARE PROVIDED BY AN ON-SITE PEDIATRICIAN FROM BOSTON CHILDREN'S HOSPITAL SPECIALIZING IN EMERGENCY MEDICINE. ON-SITE PEDIATRIC EMERGENCY PHYSICIANS ARE AVAILABLE EVERY DAY FROM NOON TO MIDNIGHT AND 24-HOUR PEDIATRICIAN CONSULTATION COVERAGE IS ALSO AVAILABLE. THE WINCHESTER HOSPITAL EMERGENCY DEPARTMENT SEES MORE THAN 45,000 PATIENTS EACH YEAR, PROVIDING SEPARATE TREATMENT AREAS FOR PEOPLE WHO ARE CRITICALLY ILL, THOSE WITH LESS SEVERE NEEDS, AND FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weiner MD Richard Trustee, CEO | OfficerTrustee | 40 | $359,635 |
Iseke MD Richard Fmr Cmo | 40 | $343,507 | |
Schuler Kathy Ann COO & Cno - Wh | Officer | 40 | $343,127 |
Robertson Catherine A Vp, Physician Services | 40 | $258,462 | |
Sachetti Nancy L Director, Highland Health Ipa | 40 | $232,757 | |
Grega Joanne M Administrative Dir, Radiology | 40 | $217,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clinical Financial Resource Inc Coding/billing Services | 9/29/19 | $1,323,640 |
Sodexho Operations Llc Management | 9/29/19 | $1,663,814 |
Strata Pathology Servicesinc Lab Services | 9/29/19 | $1,228,322 |
New England Inpatient Specialists Hospitalists | 9/29/19 | $1,654,299 |
Divurgent Llc Consulting | 9/29/19 | $1,299,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,718,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,321,846 |
| Net Gain/Loss on Asset Sales | -$2,269,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,832,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,375,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,685,185 |
| Pension plan accruals and contributions | $1,825,495 |
| Other employee benefits | $19,867,333 |
| Payroll taxes | $7,749,746 |
| Fees for services: Management | $656,445 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | -$38,339 |
| Fees for services: Lobbying | $23,323 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $239,292 |
| Fees for services: Other | $25,682,931 |
| Advertising and promotion | $361,213 |
| Office expenses | $52,431,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,965,919 |
| Travel | $122,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,967,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,292,551 |
| Insurance | $1,384,203 |
| All other expenses | $0 |
| Total functional expenses | $279,698,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,679,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,302,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,072,072 |
| Inventories for sale or use | $3,398,754 |
| Prepaid expenses and deferred charges | $1,136,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $190,255,552 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,273,377 |
| Total assets | $449,193,408 |
| Accounts payable and accrued expenses | $39,725,493 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $86,583,369 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,753,056 |
| Total liabilities | $152,061,918 |
| Net assets without donor restrictions | $271,036,543 |
| Net assets with donor restrictions | $17,530,876 |
| Capital stock or trust principal, or current funds | $8,564,071 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $297,131,490 |
Grants Awarded
Over the last fiscal year, Winchester Hospital has awarded $170,309 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $34,860 |
CITY OF WOBURN WOBURN PUBLIC SCHOOLS PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $30,450 |
REGIONAL CENTER FOR POISON CONTROL PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $21,100 |
Malden, MA PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $17,500 |
Winchester, MA PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $14,655 |
Reading, MA PURPOSE: AS PREVIOUSLY NOTED IN THE FILING WINCHESTER HOSPITAL, MAINTAINS STRONG RELATIONSHIP WITH MANY PARTNERS AND WINCHESTER HOSPITAL WORKS WITH THOSE PARTNERS AS PART OF ITS COMMUNITY BENEFIT MISSION AND ACTIVITIES. PURSUANT TO THOSE RELATIONSHIPS, GRANTS MAY BE DISTRIBUTED TO THESE PARTNERS. WINCHESTER HOSPITAL ENSURES THAT FUNDS GRANTED ARE USED FOR THE INTENDED PURPOSES AS PART OF ITS ON-GOING AND CLOSE CONNECTIONS WITH THESE COMMUNITY PARTNERS. | $10,833 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Winchester Hospital has recieved totaling $25,300.
| Awarding Organization | Amount |
|---|---|
Robert W Murray Charitable Foundation Boston, MA PURPOSE: UNRESTRICTED GIFT | $20,000 |
Joseph And Eva Flaherty Charitable Trust Andover, MA PURPOSE: UNRESTRICTED | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $24,701,561 |
| Earnings | $266,762 |
| Ending Balance | $24,968,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southcoast Hospitals Group Inc New Bedford, MA | $1,213,595,255 | $936,796,802 |
Physician Affiliate Group Of New York Pc New York, NY | $43,916,366 | $787,911,025 |
South Shore University Hospital Westbury, NY | $465,657,019 | $728,270,879 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
St Barnabas Hospital Bronx, NY | $390,221,434 | $434,526,701 |
Richmond Medical Center Staten Island, NY | $296,789,651 | $359,868,185 |
Winchester Hospital Winchester, MA | $449,193,408 | $287,832,966 |
St Catherine Of Siena Medical Center Smithtown, NY | $195,571,732 | $280,926,875 |
Plainview Hospital Westbury, NY | $87,084,707 | $234,135,134 |
Lrghealthcare Manchester, NH | $149,103,564 | $184,765,489 |
Stony Brook Internists P C Stony Brook, NY | $4,575,316 | $146,928,194 |
Glen Cove Hospital Westbury, NY | $129,256,435 | $143,332,356 |