Whidden Memorial Hospital Inc
- Assets
- $90.8m
- Revenue
- $333.2m
- Investments
- $0.0
- Employees
- 3,805
- Location
- Malden, MA
- Founding
- 04/2004
- Data as of
- 06/2021
- EIN
- 04-3561265
Organization Overview
Whidden Memorial Hospital Inc is located in Malden, MA. The organization was established in 2004. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Whidden Memorial Hospital Inc employed 3,805 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whidden Memorial Hospital 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 06/2021, Whidden Memorial Hospital Inc generated $333.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $333.2m during the year ending 06/2021. While expenses have increased by 24.8% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MANAGEMENT AND SUPPORT PERSONNEL TO AND HOLDS THE REAL ESTATE FOR ITS PARENT CHA, IN FURTHERANCE OF CHA'S MISSION. PLEASE SEE SCHEDULE O FOR REMAINDER OF DISCLOSURE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Assaad J Sayah MD President/ceo | OfficerTrustee | 10 | $794,907 |
Jill Batty SVP Finance/cfo/treasurer | OfficerTrustee | 10 | $522,865 |
Renee Kessler Evp/coo | Officer | 10 | $503,675 |
Andrew Fuqua Svp/gen Counsel | OfficerTrustee | 10 | $404,163 |
Lynette Alberti Former Cno | 10 | $372,208 | |
Joy Curtis SVP Hr | Officer | 10 | $363,837 |
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 | $170,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,000 |
| Total Program Service Revenue | $333,067,018 |
| Investment income | $0 |
| 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 | $333,237,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,007 |
| 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. | $3,649,035 |
| Compensation of current officers, directors, key employees. | $3,649,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,024,750 |
| Pension plan accruals and contributions | $6,416,536 |
| Other employee benefits | $35,515,737 |
| Payroll taxes | $16,936,650 |
| Fees for services: Management | $7,085,679 |
| Fees for services: Legal | $10,926 |
| 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 | $20,078,066 |
| Advertising and promotion | $18,097 |
| Office expenses | $4,159,650 |
| Information technology | $1,541,837 |
| Royalties | $0 |
| Occupancy | $6,277,151 |
| Travel | $19,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,987,156 |
| Insurance | $1,152,179 |
| All other expenses | $1,624 |
| Total functional expenses | $333,237,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,100 |
| 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 | $1,947,007 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $45,505,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,050,439 |
| Total assets | $90,823,513 |
| Accounts payable and accrued expenses | $35,915,982 |
| 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 | $4,465,330 |
| Total liabilities | $40,381,312 |
| Net assets without donor restrictions | $49,297,775 |
| Net assets with donor restrictions | $1,144,426 |
| 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 | $90,823,513 |
Endowment Analysis
| Beg. Balance | $1,132,281 |
| Ending Balance | $1,132,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |