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Nonprofiteer
← UMASS MEMORIAL HEALTH-MILFORD REGIONAL MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by UMASS MEMORIAL HEALTH-MILFORD REGIONAL MEDICAL CENTER INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 13 August 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed under a different title

  • Elizabeth Cadle: VP Finance and CEO then VP Finance and CFO

Totals

Total revenue
$296,685,780
Total expenses
$294,602,019
Contributions and grants received
$6,372,358
Grants paid
$0
Program service revenue
$277,120,988
Investment income
$7,026,649
Other revenue
$6,165,785
Total assets, end of year
$240,533,459
Total liabilities, end of year
$148,355,151
Net assets or fund balances, end of year
$92,178,308
Program services expenses (Part IX)
$258,326,663
Management and general expenses
$35,052,821
Fundraising expenses
$1,222,535
Program service expenses (Part III)
$258,326,663

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $360,900

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $4,010,810

  • 1f · All other contributions, gifts and grants

    $2,000,648

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Inpatient/Outpatient Revenue

    total $277,120,988 · related or exempt $276,841,970 · unrelated business $279,018 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,323,498 · related or exempt $2,323,498 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $13,763,518 · other assets $18,909

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

    securities $9,056,485 · other assets $22,791

  • 7c · Gain or loss

    securities $4,707,033 · other assets -$3,882

  • 7d · Net gain or loss

    total $4,703,151 · related or exempt $4,703,151 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $117,813

  • 8a · Fundraising events: contributions included on line 1c

    $360,900

  • 8b · Fundraising events: direct expenses

    $451,003

  • 8c · Net income from fundraising events

    total -$333,190 · unrelated business $0 · excluded -$333,190

  • 11a · Other revenue: Cancer Center

    total $1,232,678 · related or exempt $1,232,678 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Rents

    total $2,860,403 · related or exempt $2,860,403 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Cafeteria

    total $891,731 · related or exempt $891,731 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $1,514,163 · related or exempt $1,514,163 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $6,498,975

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,211,808 · program services $0 · management and general $1,211,808 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $118,866,786 · program services $101,960,586 · management and general $16,366,479 · fundraising $539,721

  • 8 · Pension plan contributions

    total $2,098,869 · program services $1,847,004 · management and general $230,876 · fundraising $20,989

  • 9 · Other employee benefits

    total $16,732,805 · program services $14,724,868 · management and general $1,840,609 · fundraising $167,328

  • 10 · Payroll taxes

    total $9,554,994 · program services $8,408,395 · management and general $1,051,049 · fundraising $95,550

  • 11a · Fees: management

    total $2,797,539 · program services $2,420,097 · management and general $377,442 · fundraising $0

  • 11b · Fees: legal

    total $396,980 · program services $0 · management and general $396,980 · fundraising $0

  • 11c · Fees: accounting

    total $96,773 · program services $0 · management and general $96,773 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $127,489 · program services $112,190 · management and general $14,024 · fundraising $1,275

  • 13 · Office expenses

    total $62,267,850 · program services $60,816,635 · management and general $1,362,675 · fundraising $88,540

  • 14 · Information technology

    total $4,471,379 · program services $3,888,197 · management and general $486,025 · fundraising $97,157

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $12,117,421 · program services $10,672,557 · management and general $1,388,489 · fundraising $56,375

  • 17 · Travel

    total $32,878 · program services $29,449 · management and general $3,375 · fundraising $54

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $4,322,199 · program services $0 · management and general $4,322,199 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $11,533,859 · program services $10,149,796 · management and general $1,268,724 · fundraising $115,339

  • 23 · Insurance

    total $1,638,692 · program services $1,442,049 · management and general $180,256 · fundraising $16,387

  • 24a · Other expenses: Contracted Services

    total $32,138,869 · program services $27,660,011 · management and general $4,455,038 · fundraising $23,820

  • 24b · Other expenses: Collection Fee

    total $1,487,190 · program services $1,487,190 · management and general $0 · fundraising $0

  • 24c · Other expenses: Physician Fees

    total $7,175,267 · program services $7,175,267 · management and general $0 · fundraising $0

  • 24d · Other expenses: Health Safety Net

    total $5,532,372 · program services $5,532,372 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,340 · end of year $3,340

  • 2 · Savings and temporary cash investments

    beginning of year $45,217,991 · end of year $41,385,151

  • 3 · Pledges and grants receivable

    beginning of year $2,198,563 · end of year $1,165,735

  • 4 · Accounts receivable

    beginning of year $28,363,249 · end of year $29,530,891

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,133,837 · end of year $4,621,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,021,185 · end of year $4,517,209

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

    $266,786,806

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

    $135,962,938

  • 10c · Land, buildings and equipment, net

    beginning of year $138,205,702 · end of year $130,823,868

  • 11 · Investments: publicly traded securities

    beginning of year $4,129,090 · end of year $4,824,555

  • 12 · Investments: other securities

    beginning of year $263,094 · end of year $580,464

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $22,617,475 · end of year $23,080,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,695,925 · end of year $29,863,637

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $101,775,939 · end of year $99,395,285

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $19,284,351 · end of year $19,096,229

  • 27 · Net assets without donor restrictions

    beginning of year $92,068,492 · end of year $85,502,739

  • 28 · Net assets with donor restrictions

    beginning of year $7,328,819 · end of year $6,675,569

Mission and programs · 2022

Mission

Milford Regional Medical Center Inc is committed to providing exceptional healthcare services to our community with dignity, compassion, and respect.

Activities or mission (Part I)

Milford Regional Medical Center Inc's mission statement is to provide quality healthcare services to our community with dignity, compassion, and respect.

  • A full-service, community and regional teaching hospital, Milford Regional is a 148-bed, nonprofit, acute-care facility serving a region of 20-plus towns in central Massachusetts. With over 300 primary care and specialty physicians on the medical staff, our physicians are skilled in the most advanced procedures and technology, and provide personalized patient care in a warm and caring environment. Many hold teaching appointments at New England's finest medical schools preparing the doctors of tomorrow. In FY2023, Milford Regional provided over 58,000 visits in its 52-bed emergency department. In addition, Milford Regional treats 667 patients in its 10-bed ICU. Furthermore, patients benefit from our patient care center which includes eight state-of-the-art operating suites, consolidated surgical services (including admitting and pre-admission testing) and medical/surgical floors with private rooms, many with advanced patient monitoring capabilities. Our fourth floor houses 15 private rooms designed for the needs of cancer and palliative care patients. Our Maternity Center offers home-like LDRP (labor, delivery, recovery, postpartum) rooms, as well as a new 1B Continuing Care Nursery that accommodates the extra care, comfort and needs of late preterm babies at 35 weeks and beyond, as well as those with health issues. Milford Regional's partnerships with world leaders in healthcare include our 54,000 square foot Cancer Center which provides comprehensive cancer services (including radiation therapy) with Dana-Farber/Brigham and Women's Cancer Center, as well as strong partnerships with Brigham and Women's Hospital, Boston Children's Hospital and UMass Memorial Health Care.

    Expenses $258,326,663 · Revenue $296,685,779

As filed on the 2022 return.

Listed in Part VII

  • Edward Kelly

    President and CEO

    Total calculated
    $1,252,982
    From this org
    $1,121,294
    From related orgs
    $0
    Other
    $131,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $664,219
    Bonus
    $125,000
    Other
    $332,075
    Deferred
    $108,888
    Nontaxable benefits
    $22,780
    Filer's total
    $1,252,962

  • Peter Smulowitz

    Chief Medical Officer

    Total calculated
    $639,493
    From this org
    $557,033
    From related orgs
    $0
    Other
    $82,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $511,022
    Bonus
    $65,982
    Other
    $0
    Deferred
    $57,163
    Nontaxable benefits
    $25,298
    Filer's total
    $659,465

  • Nicole Thyne

    Executive VP and Chief Operating Officer

    Total calculated
    $598,745
    From this org
    $553,109
    From related orgs
    $0
    Other
    $45,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $484,549
    Bonus
    $68,560
    Other
    $0
    Deferred
    $45,276
    Nontaxable benefits
    $360
    Filer's total
    $598,745

  • Diana Caragacianu MD

    Trustee

    Total calculated
    $471,539
    From this org
    $0
    From related orgs
    $432,892
    Other
    $38,647
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,691 related
    Bonus
    $0 + $17,201 related
    Other
    $0
    Deferred
    $0 + $8,217 related
    Nontaxable benefits
    $0 + $40,490 related
    Filer's total
    $0 + $481,599 related

  • Richard Daly MD

    Trustee

    Total calculated
    $422,838
    From this org
    $0
    From related orgs
    $374,130
    Other
    $48,708
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,130 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $731 related
    Nontaxable benefits
    $0 + $37,916 related
    Filer's total
    $0 + $412,777 related

  • Bert Thurlo-Walsh

    Chief Quality Officer

    Total calculated
    $410,729
    From this org
    $367,748
    From related orgs
    $0
    Other
    $42,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,613
    Bonus
    $47,134
    Other
    $0
    Deferred
    $21,316
    Nontaxable benefits
    $21,665
    Filer's total
    $410,728

  • Judy Kelly

    VP of Patient Care Services

    Total calculated
    $405,436
    From this org
    $360,071
    From related orgs
    $0
    Other
    $45,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,587
    Bonus
    $36,484
    Other
    $0
    Deferred
    $21,636
    Nontaxable benefits
    $23,729
    Filer's total
    $405,436

  • Elizabeth Cadle

    VP Finance and CEO

    Total calculated
    $378,348
    From this org
    $331,410
    From related orgs
    $0
    Other
    $46,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,410
    Bonus
    $10,000
    Other
    $0
    Deferred
    $24,902
    Nontaxable benefits
    $22,036
    Filer's total
    $378,348

  • Alice Hall

    VP Human Resources

    Total calculated
    $362,882
    From this org
    $320,811
    From related orgs
    $0
    Other
    $42,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,048
    Bonus
    $30,763
    Other
    $0
    Deferred
    $16,101
    Nontaxable benefits
    $25,970
    Filer's total
    $362,882

  • Emily Quinn

    VP Philanthropy

    Total calculated
    $288,538
    From this org
    $251,950
    From related orgs
    $0
    Other
    $36,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,208
    Bonus
    $23,742
    Other
    $0
    Deferred
    $11,732
    Nontaxable benefits
    $24,856
    Filer's total
    $288,538

  • Tricia Oliver

    VP Marketing PR Communications

    Total calculated
    $186,820
    From this org
    $157,187
    From related orgs
    $0
    Other
    $29,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,187
    Bonus
    $0
    Other
    $0
    Deferred
    $8,707
    Nontaxable benefits
    $20,926
    Filer's total
    $186,820

  • James Papadakos

    Executive VP Finance & CFO

    Total calculated
    $131,142
    From this org
    $128,102
    From related orgs
    $0
    Other
    $3,040
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $128,102
    Bonus
    $0
    Other
    $0
    Deferred
    $2,552
    Nontaxable benefits
    $487
    Filer's total
    $131,141

  • Gordon Lewis

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • William Muller MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Beverly Swymer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mary O'Neill MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christopher Foley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anthony Consigli

    Chair

    Total calculated
    $0
    Hours/week
    1

  • John Fernandes

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brian Earley

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Linda Mancini

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Denise Brookhouse

    Clerk

    Total calculated
    $0
    Hours/week
    1

  • Shefali Desai

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jamie Doucette

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sandra Clark

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Nutting

    Trustee

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Payments made to some members of senior management for insurance premiums are grossed up.
Schedule J, Part I, Line 4
The President and Senior Leadership all participated in the a SERP consisting of the following contributions this year: Edward Kelly ($101,250.24), Bert Thurlo-Walsh ($16,559.92), Judy Kelly ($16,770), Emily Quinn ($12,127.44), Nicole Thyne ($36,766.08), Tricia Oliver ($9,000.16), Alice Hall ( $15,237.04), Elizabeth Cadle ($25,800), and Peter Smulowitz ($59,089.12)

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202432269349300953

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