Hubbard Health Systems Inc
- Assets
- $886.8k
- Revenue
- $3.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Webster, MA
- Founding
- 02/1988
- Data as of
- 09/2022
- EIN
- 04-2888808
Organization Overview
Hubbard Health Systems Inc is located in Webster, MA. The organization was established in 1988. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hubbard Health Systems Inc 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 09/2022, Hubbard Health Systems Inc generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $26.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE SUPPORT OF LOCAL AMBULANCE SERVICE (WEBSTER EMERGENCY MEDICAL SERVICES INC 04-3319821, (501) (C) (3) ORGANIZATION).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS TEMPORARY AND ENDOWMENT ASSETS. THE EARNINGS OF ENDOWMENT ASSETS ARE DISTRIBUTED TO THE WEBSTER EMERGENCY MEDICAL SERVICES INC. TO HELP DEFRAY OPERATING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence Kuzdzal Secretary | Officer | 0.25 | $0 |
Maureen Horan Treasurer | Officer | 0.25 | $0 |
Lawrence L Crowley Chairman | Officer | 0.25 | $0 |
Gary Milliard Jr Director | Trustee | 0.25 | $0 |
Anjena Kuzdzal Director | Trustee | 0.25 | $0 |
Michael Hopkins Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $21,325 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,701 |
| Total functional expenses | $26,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,455 |
| Savings and temporary cash investments | $383,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,361 |
| Total assets | $886,819 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $39,498 |
| Net assets with donor restrictions | $847,321 |
| 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 | $886,819 |
Endowment Analysis
| Beg. Balance | $578,956 |
| Earnings | -$109,103 |
| Admin Expense | $11,363 |
| Other Expense | $24,534 |
| Ending Balance | $433,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |
Albany Medical Center Saratoga Springs, NY | $8,508,389 | $8,765,103 |
Linn Health & Rehabilitation East Providence, RI | $5,213,427 | $9,028,519 |
North Shore-Lij Internal Medicine Pc Westbury, NY | $7,304,719 | $5,595,851 |
Community Health Systems Inc Attleboro, MA | $20,160,343 | $9,615,392 |
Metrowest Health Foundation Inc Framingham, MA | $99,772,227 | $5,790,457 |
North Shore-Lij Heart Surgery Pc Westbury, NY | $620,243 | $5,717,288 |
Care Transformation Collaborative Of Ri Providence, RI | $5,216,226 | $8,219,846 |
Finger Lakes Health Systems Agency Rochester, NY | $4,905,746 | $6,568,530 |
Albany Medical Center Albany, NY | $10,477,371 | $7,468,449 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
Central New York Care Collaborative Inc Halfmoon, NY | $12,110,106 | $5,092,547 |