Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PATIENT BILLING SVCS

  total $5,809,006 · related or exempt $5,809,006

• 2b · Program service revenue: COURSE INCOME

  total $2,492,366 · related or exempt $2,492,366

• 2c · Program service revenue: EXT REVENUE CLINICAL

  total $1,052,362 · related or exempt $1,052,362

• 2d · Program service revenue: HMS INCOME

  total $125,158 · related or exempt $125,158

• 3 · Investment income

  total $155,592 · unrelated business -$4,001 · excluded $159,593

• 7a · Gross sales of assets other than inventory

  securities $512,832

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $512,832

• 7d · Net gain or loss

  total $512,832 · unrelated business $17,933 · excluded $494,899

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,827 · program services $9,827

• 7 · Other salaries and wages

  total $3,569,850 · program services $3,569,850

• 9 · Other employee benefits

  total $1,031,562 · program services $1,031,562

• 11a · Fees: management

  total $97,955 · program services $97,955

• 11b · Fees: legal

  total $3,918 · program services $3,918

• 11f · Fees: investment management

  total $105,733 · management and general $105,733

• 13 · Office expenses

  total $122,393 · program services $122,393

• 14 · Information technology

  total $97,620 · program services $97,620

• 16 · Occupancy

  total $407,093 · program services $407,093

• 17 · Travel

  total $138,211 · program services $138,211

• 19 · Conferences, conventions and meetings

  total $10,674 · program services $10,674

• 22 · Depreciation, depletion and amortization

  total $17,528 · management and general $17,528

• 24a · Other expenses: AFFILIATED SUPPORT

  total $2,649,523 · program services $2,649,523

• 24b · Other expenses: PURCHASED SERVICES

  total $1,378,507 · program services $1,378,507

• 24c · Other expenses: DUES & LICENSES

  total $370,812 · program services $370,812

• 24e · All other expenses

  total $209,776 · program services $209,776

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,738,964 · end of year $6,647,433

• 2 · Savings and temporary cash investments

  beginning of year $2,695,892 · end of year $1,286,376

• 4 · Accounts receivable

  beginning of year $580,259 · end of year $283,295

• 9 · Prepaid expenses and deferred charges

  beginning of year $90,729 · end of year $103,063

• 10a · Land, buildings and equipment: cost or other basis

  $2,044,669

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,020,043

• 10c · Land, buildings and equipment, net

  beginning of year $42,813 · end of year $24,626

• 12 · Investments: other securities

  beginning of year $12,243,035 · end of year $14,187,226

• 15 · Other assets

  beginning of year $657,552 · end of year $813,878

• 17 · Accounts payable and accrued expenses

  beginning of year $729,212 · end of year $399,096

• 19 · Deferred revenue

  beginning of year $988,973 · end of year $1,012,948

• 25 · Other liabilities

  beginning of year $1,915,822 · end of year $2,158,426

• 27 · Net assets without donor restrictions

  beginning of year $18,415,237 · end of year $19,775,427

The filer's explanations (Part III)

PART I, LINE 3

AS NOTED THROUGHOUT BETH ISRAEL ANAESTHESIA FOUNDATION, INC.'S FORM 990, HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) SERVES AS THE SOLE MEMBER OF BETH ISRAEL ANAESTHESIA FOUNDATION, INC. IN THIS CAPACITY, THE HMFP COMPENSATION COMMITTEE SETS COMPENSATION FOR HMFP AND APHMFP EMPLOYEES. HMFP HAS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE HMFP BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONDUCTS THE PROCESS OF DETERMINING COMPENSATION OF ALL INDIVIDUALS EMPLOYED BY HMFP AND FOR SPECIFICALLY THE CHIEF EXECUTIVE OFFICER, CHIEFS/CHAIRS OF SERVICE AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE COMPENSATION COMMITTEE UTILIZES COMPARATIVE INDUSTRY DATA, OUTSIDE CONSULTANTS AND OTHER OUTSIDE MARKET DATA TO HELP DETERMINE COMPENSATION AND HMFP HAS FORMAL COMPENSATION POLICIES THAT ARE DOCUMENTED AND REVIEWED BY THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE PRE-APPROVES COMPENSATION PLANS WHICH ARE DOCUMENTED IN A FORMALIZED MANNER BEFORE BEING PRESENTED TO EMPLOYEES. THE COMPENSATION COMMITTEE WAS RESPONSIBLE FOR ASSURING THAT THE TOTAL COMPENSATION COMPLIED WITH APPLICABLE LEGAL AND REGULATORY GUIDELINES AND THAT COMPENSATION PROVIDED TO THESE INDIVIDUALS WAS FAIR AND REASONABLE USING CURRENT AND CREDIBLE MARKET PRACTICE INFORMATION, NATIONAL DATA BENCHMARKING AND HARVARD MEDICAL SCHOOL GUIDELINES IN SETTING COMPENSATION. THE HMFP COMPENSATION COMMITTEE ALSO RELIED UPON WRITTEN COMPENSATION SURVEYS AND STUDIES THAT REGULARLY ASSESS COMPENSATION AND BENEFITS FOR CLINICAL CHIEFS OF SERVICE COMPARED WITH OTHER SIMILAR ORGANIZATIONS.

PART I, LINE 7

DURING THE 2024 CALENDAR YEAR, THE FILING ORGANIZATION MAINTAINED EXECUTIVE COMPENSATION PACKAGES WHICH INCLUDED OPPORTUNITIES TO EARN INCENTIVE COMPENSATION BASED ON A COMBINATION OF VARIOUS FACTORS, INCLUDING BUT NOT LIMITED TO, MEETING OR EXCEEDING THE EMPLOYING ENTITY'S OBJECTIVES FOR QUALITY AND PATIENT SAFETY, BUDGETED CONSOLIDATED OPERATING MARGIN, AND MEETING INDIVIDUAL GOALS AND OBJECTIVES. IN EACH CASE, INCENTIVE COMPENSATION WAS REVIEWED BY THE COMPENSATION COMMITTEE WHICH WAS FULLY STAFFED BY INDEPENDENT MEMBERS.

ADDITIONAL EXPLANATORY NOTES:

DIRECTORS AND TRUSTEES SERVE WITHOUT COMPENSATION: ALL DIRECTORS/TRUSTEES SERVE WITHOUT COMPENSATION OR BENEFITS. COMPENSATION PAID TO OFFICERS, DIRECTORS/TRUSTEES OR KEY EMPLOYEES WAS EARNED FOR WORK PERFORMED IN A CAPACITY OTHER THAN THAT OF DIRECTOR/TRUSTEE, AS DENOTED BY THE LISTED TITLES IN THE NOTES BELOW. REPORTING PERIOD: AS REQUIRED BY FORM 990, COMPENSATION REPORTED IN THE FILING FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 IS CALENDAR YEAR 2024 COMPENSATION. COMPENSATION SOURCES: COMPENSATION REPORTED FOR INDIVIDUALS MAY INCLUDE COMPENSATION PAID BY THE REPORTING ENTITY, AN AFFILIATE OF THE REPORTING ENTITY AND IN SOME CASES UNRELATED ENTITIES AS REQUIRED BY FORM 990. REPORTABLE COMPENSATION: REPORTABLE COMPENSATION LISTED IN FORM 990 PART VII INCLUDES BASE COMPENSATION, INCENTIVE COMPENSATION AND OTHER REPORTABLE COMPENSATION AS REPORTED IN FORM 990 SCHEDULE J. OTHER COMPENSATION: OTHER COMPENSATION LISTED IN FORM 990 PART VII INCLUDES DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS AS REPORTED IN FORM 990 SCHEDULE J. BASE COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED IN THIS RETURN BUT QUANTIFIED IN BASE COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: ORDINARY WAGES, EMPLOYEE DEFERRALS TO A 401(K) AND/OR 403(B) PLAN OTHER REPORTABLE COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED IN THIS RETURN BUT QUANTIFIED IN OTHER REPORTABLE COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: TAXABLE EMPLOYER SUBSIDIZED PARKING; TAXABLE LIFE, DISABILITY, OR LONG-TERM CARE INSURANCE. DEFERRED COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED BUT QUANTIFIED IN DEFERRED COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: EMPLOYER CONTRIBUTIONS TO 401(K) RETIREMENT PLAN, EMPLOYER CONTRIBUTIONS TO 403(B) RETIREMENT PLAN, EMPLOYER CONTRIBUTION TO PENSION PLAN AND/OR THE CHANGE IN ACTUARIAL VALUE OF THE PENSION PLAN BENEFIT. NON-TAXABLE BENEFITS: AMOUNTS NOT OTHERWISE SEPARATELY NOTED BUT QUANTIFIED IN NON-TAXABLE BENEFITS INCLUDE, AMONG OTHER THINGS, AMOUNTS FROM ONE OR MORE OF THE FOLLOWING NON-TAXABLE BENEFITS: EMPLOYEE CONTRIBUTIONS TO HEALTH INSURANCE, EMPLOYER CONTRIBUTIONS TO HEALTH INSURANCE, EMPLOYEE CONTRIBUTIONS TO FLEXIBLE SPENDING ACCOUNTS FOR DEPENDENT CARE AND/OR MEDICAL REIMBURSEMENT, ADOPTION ASSISTANCE, TUITION ASSISTANCE PURSUANT TO AN EMPLOYER PLAN, GROUP TERM LIFE INSURANCE, DISABILITY INSURANCE ADDITIONAL INDIVIDUAL SPECIFIC INFORMATION IS INCLUDED BELOW.

BANNER GOODSPEED, AARON

- ANESTHESIA FINANCIAL SOLUTIONS SENIOR MANAGER, REVENUE INTEGRITY - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MR. BANNER GOODSPEED SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. BLAKE, TRACY - ANESTHESIA FINANCIAL SOLUTIONS SENIOR MANAGER, OPERATIONS & HR - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MS. BLAKE SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. BOSE, M.D., RUMA - DIRECTOR - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. - ANESTHESIOLOGIST - HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. DR. BOSE SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. OTHER REPORTABLE COMPENSATION FOR DR. BOSE INCLUDES PAYMENTS FOR PTO CASHED OUT OR PAID OUT AND OTHER TAXABLE INSURANCE BENEFITS IN THE AMOUNTS OF $35,389 AND $8,444, RESPECTIVELY. CAMERON, SHANNON - ANESTHESIA FINANCIAL SOLUTIONS EXECUTIVE DIRECTOR - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MS. CAMERON SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. FERRAZZA, DAWN MS. FERRAZZA SERVED IN THE FOLLOWING POSITIONS DURING THE FULL FISCAL PERIOD ENDED SEPTEMBER 30, 2025: - TREASURER & CHIEF ADMINISTRATIVE OFFICER - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. - TREASURER - CENTER FOR MEDICAL STIMULATION, INC. - TREASURER & CHIEF ADMINISTRATIVE OFFICER, ANESTHESIA DEPARTMENT- HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. MS. FERRAZZA SERVED IN THE POSITIONS ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. HESS, M.D., PHILIP - DIRECTOR, SECRETARY, & CLERK - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. - ANESTHESIOLOGIST - HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. DR. HESS SERVED IN THE POSITIONS ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. OTHER REPORTABLE COMPENSATION FOR DR. HESS INCLUDES PAYMENTS FOR PTO CASHED OUT OR PAID OUT AND OTHER TAXABLE INSURANCE BENEFITS IN THE AMOUNTS OF $10,014 AND $9,063, RESPECTIVELY. HEYWOOD, TRINIA - SENIOR CODER ANESTHESIA FINANCIAL SOLUTIONS - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MS. HEYWOOD SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. SKEENS, ERIC - ANESTHESIA FINANCIAL SOLUTIONS SENIOR MANAGER DATA INTEGRITY & PROJECT MANAGEMENT - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MR. SKEENS SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. TALMOR, M.D., MPH, DANIEL DR. TALMOR SERVED IN THE FOLLOWING POSITIONS DURING THE FULL FISCAL PERIOD ENDED SEPTEMBER 30, 2025: - DIRECTOR (EX-OFFICIO), VICE CHAIR & CHAIR OF DEPARTMENT OF ANESTHESIOLOGY - HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. - CHIEF OF ANAESTHESIA - BETH ISRAEL DEACONESS MEDICAL CENTER, INC. - BOARD CHAIR - CENTER FOR MEDICAL STIMULATION, INC. - DIRECTOR - ASSOCIATED PHYSICIANS OF HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER D/B/A LONGWOOD SPECIALTY PHYSICIANS (LSP) - DIRECTOR (EX-OFFICIO) & PRESIDENT - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J. OTHER REPORTABLE COMPENSATION FOR DR. TALMOR INCLUDES PAYMENTS FOR PTO CASHED OUT OR PAID OUT AND OTHER LIFE, DISABILITY, AND LONG-TERM-CARE INSURANCE IN THE AMOUNTS OF $32,867 AND $16,987, RESPECTIVELY. VARITIMOS, PATRICIA - CODING MANAGER, ANESTHESIA FINANCIAL SOLUTIONS - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. MS. VARITIMOS SERVED IN THE POSITION ABOVE DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025. AS REQUIRED IN THIS FORM 990, COMPENSATION REPORTED HERE IS CALENDAR YEAR 2024 COMPENSATION. BASE COMPENSATION, INCENTIVE COMPENSATION, OTHER REPORTABLE COMPENSATION, DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED AS REQUIRED IN FORM 990, SCHEDULE J.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ANESTHESIA FINANCIAL SOLUTIONS LLC

  BILLING SERVICES · MA · income $6,456,279 · assets $6,111,196

  Directly controlled by BETH ISRAEL ANAESTHESIA FOUNDATION INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BETH ISRAEL LAHEY HEALTH SURGERY CENTER PLYMOUTH LLC

  SURGERY CENTER · MA

• BIDCO HOSPITAL LLC

  COORDINATED SAFE AND COST EFFECTIVE PATIENT CARE AT BIDMC · MA

• BIDCO PHYSICIAN LLC

  COORDINATED SAFE AND COST EFFECTIVE PATIENT CARE AT BILH · MA

• BILH INVESTMENT PARTNERSHIP LLP

  EXCLUDED · INVESTMENT PARTNERSHIP · MA · 79% owned · share of income $888,964 · share of assets $10,427,551

  Directly controlled by BETH ISRAEL DEACONESS MEDICAL CENTER

• NEBSC HOSPITAL HOLDINGS LLC

  INVESTMENT PARTNERSHIP · MA

• NEW ENGLAND BAPTIST SURGERY CENTER LLC

  AMBULATORY SURGERY CENTER · MA

• PHYSICIANS PROFESSIONAL SERVICES LLP

  TO PROVIDE MEDICAL BILLING SERVICES · MA

• SHIELDS IMAGING AT ANNA JAQUES HOSPITAL LLC

  MRI SERVICES · MA

• WINCHESTER HOSPITALSHIELDS MRI LLC

  MRI SERVICES · MA

• BOSS HOLDINGS LLC

  OUTPATIENT SURGICAL SUITES · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GREATER NEWBURYPORT MANAGEMENT SERVICES ORGANIZATION INC

  C · MANAGEMENT SERVICES · MA

• HUNTINGFIELD CORPORATION

  C · TO HOLD OWNERSHIP OF SUBTERRANEAN RIGHTS · DE

• LAHEY CLINIC INSURANCE CO LTD

  C · INSURANCE · BD

• LEDGEWOOD HEALTH CARE CORPORATION

  C · NURSING HOME · MA

• NORTHEAST PROPRIETARY CORP

  C · MEDICAL SERVICES · MA

• WINCHESTER HEALTHCARE ENTERPRISES INC

  C · MANAGEMENT SERVICES · MA

• WINCHESTER PHYSICIAN ASSOCIATES INC

  C · PHYSICIAN GROUP · MA

• INSCRIPTRX INC

  C · PHARMACY BENEFITS MANAGEMENT · MA