Sisters Of Providence Health System Inc
- Assets
- $0.0
- Revenue
- $32.2m
- Investments
- $0.0
- Employees
- 203
- Location
- Holyoke, MA
- Founding
- 03/1946
- Data as of
- 12/2016
- EIN
- 04-3398374
Organization Overview
Sisters Of Providence Health System Inc is located in Holyoke, MA. The organization was established in 1946. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2016, Sisters Of Providence Health System Inc employed 203 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sisters Of Providence Health System 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 12/2016, Sisters Of Providence Health System Inc generated $32.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $24.5m during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (23.9%) per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SYSTEM MANAGEMENT AND SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED IN 1982, SISTERS OF PROVIDENCE HEALTH SYSTEM IS LOCATED IN HOLYOKE, MASSACHUSETTS AND IS THE SOLE MEMBER A NONPROFIT HOSPITAL AND SEVERAL OTHER NONPROFIT HEALTHCARE ORGANIZATIONS. TOGETHER, THE HEALTH SYSTEM STRIVES TO MEET THE WESTERN MASSACHUSETTS REGION'S NEEDS FOR ACUTE CARE, BEHAVIORAL HEALTH CARE AND CONTINUING CARE, AND IN DOING SO, POSITIVELY IMPACT THOUSANDS OF LIVES EVERY YEAR. SISTERS OF PROVIDENCE HEALTH SYSTEM GOVERNS, MANAGES, AND PROVIDES LONG-RANGE STRATEGIC PLANNING, FINANCIAL, LEGAL AND OTHER EXPERTISE AND SUPPORT SERVICES TO ITS SUBSIDIARIES. AS A RESULT OF THESE SERVICES, THE SYSTEM HELPS ITS CONSTITUENT ENTITIES ACHIEVE THEIR OBJECTIVE OF PROVIDING STATE-OF-THE-ART HEALTHCARE SERVICES TO MANY SEGMENTS OF THE COMMUNITY INCLUDING THOSE WHO ARE TRADITIONALLY UNDERSERVED SUCH AS THE POOR AND ELDERLY.SPHS WAS MERGED INTO THE MERCY HOSPITAL ON DECEMBER 30, 2016.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wolf Director, President & CEO | OfficerTrustee | 24 | $521,489 |
Leonard Pansa SVP Hr & Admin Services | 25 | $449,443 | |
Thomas Robert Treasurer, SVP & CFO | Officer | 20 | $437,500 |
Joseph Podolski DO Physician | 50 | $296,321 | |
Yvonne Boudreau SVP Mission Services | 50 | $265,929 | |
Christopher Mclaughlin Coo, Senior Care | Officer | 5 | $252,812 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optum 360 Llc Revenue Cycle Management | 12/29/16 | $416,724 |
Foley And Lardner Llp Legal Services | 12/29/16 | $668,252 |
Advantedge Healthcare Sols Inc Software Services | 12/29/16 | $377,248 |
Navin Haffty And Associates Consulting Services | 12/29/16 | $348,623 |
Robert Half Technology Staffing Services | 12/29/16 | $169,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,153 |
| 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 | $109,153 |
| Total Program Service Revenue | $22,392,664 |
| Investment income | $1,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,156,676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,166,513 |
| 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. | $1,619,020 |
| Compensation of current officers, directors, key employees. | $1,619,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,440,647 |
| Pension plan accruals and contributions | $213,267 |
| Other employee benefits | $354,888 |
| Payroll taxes | $414,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $72,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,349 |
| Fees for services: Other | $12,374,825 |
| Advertising and promotion | $0 |
| Office expenses | $358,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $427,749 |
| Travel | $26,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,085 |
| Interest | $667,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,573,906 |
| Insurance | $0 |
| All other expenses | $187,739 |
| Total functional expenses | $24,457,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sisters Of Providence Health System Inc has recieved totaling $700,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $200,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Endowment Analysis
| Beg. Balance | $46,429 |
| Earnings | $2,594 |
| Other Expense | $49,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts League Of Community Health Centers Inc Boston, MA | $29,437,679 | $42,298,063 |
Dartmouth-Hitchcock Health Lebanon, NH | $1,251,160,419 | $17,116,192 |
Sisters Of Providence Health System Inc Holyoke, MA | $0 | $32,166,513 |
Tufts Medicine Inc Burlington, MA | $334,551,155 | $530,151 |
New England Donor Services Inc Waltham, MA | $48,652,397 | $15,155,479 |
Academic Physicians Insurancecompany Colchester, VT | $81,982,232 | $24,573,399 |
Brooklyn Hospital Provider Brooklyn, NY | $47,725,309 | $10,026 |
Alliance Health Management Services Llc Southborough, MA | $2,006,491 | $4,982,711 |
F F Thompson Health System Inc Canandaigua, NY | $6,622,129 | $5,171,518 |
Hospice And Palliative Care Group Inc Lockport, NY | $1,207,807 | $3,978,189 |
Center For Medical Simulation Inc Charlestown, MA | $2,307,441 | $2,761,057 |
Rural Health Network Of Scny Inc Binghamton, NY | $2,345,985 | $2,339,333 |