Athol Memorial Hospital Incorporated
- Assets
- $24.8m
- Revenue
- $41.4m
- Investments
- $0.0
- Employees
- 281
- Location
- Athol, MA
- Founding
- 06/1951
- Data as of
- 09/2023
- EIN
- 04-2126583
Organization Overview
Athol Memorial Hospital Incorporated is located in Athol, MA. The organization was established in 1951. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Athol Memorial Hospital Incorporated employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athol Memorial Hospital Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Athol Memorial Hospital Incorporated generated $41.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $40.5m during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS TO BE ONE OF THE BEST INDEPENDENT COMMUNITY HOSPITALS IN AMERICA. OUR MISSION IS TO BE OUR COMMUNITIES' TRUSTED CHOICE FOR EXCEPTIONAL PATIENT-CENTERED CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHOL HOSPITAL PROVIDES VARIOUS OUTPATIENT SERVICES SUCH AS AN EMERGENCY ROOM, ON-SITE CARDIAC SPECIALISTS, HIGH TECH LABORATORY, CARDIO PULMONARY TESTING, A SHORT STAY UNIT, ADVANCED IMAGING, REHABILITATION SERVICES, AND MANY OTHERS ON AN OUTPATIENT BASIS. ATHOL HOSPITAL PROVIDES INPATIENT ACUTE CARE SERVICES, AS WELL AS A SWING BED PROGRAM, WHICH TRANSITIONS BEDS FROM ACUTE CARE TO SUB-ACUTE CARE TO ACCOMMODATE THE REHABILITATION NEEDS OF RECOVERING PATIENTS. ATHOL HOSPITAL HAS THREE PROVIDER BASED PRACTICES: ONE WAS AN ESTABLISHED RURAL HEALTH CLINIC, AND THE OTHER WAS CONVERTED TO A RURAL HEALTH CLINIC IN 2020, AND THE LAST ONE IS A SPECIALTY CARE PRACTICE THAT FOCUSES ON MANY AREAS INCLUDING CARDIOLOGY, GASTROENTEROLOGY, ORTHOPEDICS, PULMONOLOGY, AND GENERAL SURGERY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Chauvin Chairman | OfficerTrustee | 0.2 | $0 |
Roy Lake Vice Chairman | OfficerTrustee | 0.2 | $0 |
Albert Rose 2nd Vice Chairman | OfficerTrustee | 0.2 | $0 |
Cheney Castine Treasurer | OfficerTrustee | 0.2 | $0 |
Joanne Parks Clerk | OfficerTrustee | 0.2 | $0 |
Joyce Fletcher Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quartulli & Associates Inc Healthcare | 9/29/23 | $1,062,001 |
Hms Heywood Llc Healthcare | 9/29/23 | $967,947 |
Medefis Inc Healthcare | 9/29/23 | $642,845 |
Tele-physicians Pc Healthcare | 9/29/23 | $207,940 |
Labcorp Of America Healthcare | 9/29/23 | $191,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,149 |
| Total Program Service Revenue | $41,039,203 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,125 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,420,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,048,090 |
| Pension plan accruals and contributions | $190,189 |
| Other employee benefits | $1,722,507 |
| Payroll taxes | $836,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,333 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,139,207 |
| Advertising and promotion | $0 |
| Office expenses | $360,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,071,997 |
| Travel | $4,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,718 |
| Interest | $52,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $759,137 |
| Insurance | $97,705 |
| All other expenses | $0 |
| Total functional expenses | $40,459,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,447,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,199,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,439,300 |
| Inventories for sale or use | $343,530 |
| Prepaid expenses and deferred charges | $121,915 |
| Net Land, buildings, and equipment | $5,419,388 |
| Investments—publicly traded securities | $1,784,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $24,761,125 |
| Accounts payable and accrued expenses | $6,226,167 |
| Grants payable | $0 |
| Deferred revenue | $1,778,895 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,560,355 |
| Total liabilities | $9,565,417 |
| Net assets without donor restrictions | $13,412,013 |
| Net assets with donor restrictions | $1,783,695 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,761,125 |
Grants Awarded
Over the last fiscal year, Athol Memorial Hospital Incorporated has awarded $1,093,237 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ATHOL-ROYALSTON REGIONAL SCHOOL PURPOSE: Operations Support | $10,005 |
RALPH C MAHAR REGIONAL SCHOOL PURPOSE: Operations Support | $10,004 |
ATHOL MEMORIAL HOSPITAL NMTC HOLDINGS PURPOSE: Operations Support | $131,723 |
HEYWOOD REALTY CORPORATION PURPOSE: Operations Support | $929,500 |
PIONEER VALLEY REGIONAL SCHOOL DISTRICT PURPOSE: Operations Support | $12,005 |