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Nonprofiteer
← EMERSON HOSPITAL

Form 990 for tax year 2023

Filed by EMERSON HOSPITAL.

Totals

Total revenue
$387,341,406
Total expenses
$367,051,501
Contributions and grants received
$2,367,574
Grants paid
$0
Program service revenue
$347,376,478
Investment income
$16,542,544
Other revenue
$21,054,810
Total assets, end of year
$301,380,465
Total liabilities, end of year
$187,947,419
Net assets or fund balances, end of year
$113,433,046
Program services expenses (Part IX)
$341,264,257
Management and general expenses
$25,787,244
Fundraising expenses
$0
Program service expenses (Part III)
$341,264,257

Program services were 93.0% 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.

  • 1d · Related organizations

    $2,367,574

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $347,376,478 · related or exempt $347,376,478

  • 3 · Investment income

    total $1,351,870 · excluded $1,351,870

  • 6a · Gross rents

    real property $501,547

  • 6b · Less rental expenses

    real property $162,922

  • 6c · Rental income or loss

    real property $338,625

  • 6d · Net rental income or loss

    total $338,625 · unrelated business $338,625

  • 7a · Gross sales of assets other than inventory

    other assets $18,000,000

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

    other assets $2,809,326

  • 7c · Gain or loss

    other assets $15,190,674

  • 7d · Net gain or loss

    total $15,190,674 · related or exempt -$6,716 · unrelated business $15,197,390

  • 11a · Other revenue: CAFETERIA AND OTHER

    total $21,645,969 · related or exempt $21,645,969

  • 11b · Other revenue: LAB SERVICES

    total $167,419 · unrelated business $167,419

  • 11c · Other revenue: GAIN ON SWAP

    total -$1,097,203 · excluded -$1,097,203

  • 11e · Other revenue, total

    $20,716,185

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $8,590,316 · program services $7,301,769 · management and general $1,288,547

  • 7 · Other salaries and wages

    total $164,645,977 · program services $164,645,977

  • 8 · Pension plan contributions

    total $2,610,697 · program services $2,610,697

  • 9 · Other employee benefits

    total $15,903,450 · program services $2,504,078 · management and general $13,399,372

  • 10 · Payroll taxes

    total $10,978,490 · program services $10,978,490

  • 11a · Fees: management

    total $25,534,860 · program services $22,062,403 · management and general $3,472,457

  • 11b · Fees: legal

    total $663,252 · program services $663,252

  • 11c · Fees: accounting

    total $403,408 · program services $240,000 · management and general $163,408

  • 12 · Advertising and promotion

    total $2,273,048 · program services $2,273,048

  • 13 · Office expenses

    total $468,399 · program services $459,411 · management and general $8,988

  • 16 · Occupancy

    total $17,773,772 · program services $13,977,951 · management and general $3,795,821

  • 17 · Travel

    total $703,987 · program services $572,420 · management and general $131,567

  • 20 · Interest

    total $2,378,928 · program services $2,378,928

  • 22 · Depreciation, depletion and amortization

    total $11,441,168 · program services $11,441,168

  • 23 · Insurance

    total $2,732,065 · program services $2,732,065

  • 24a · Other expenses: SUPPLIES

    total $62,240,821 · program services $61,558,125 · management and general $682,696

  • 24b · Other expenses: MISCELLANEOUS

    total $20,867,139 · program services $19,797,135 · management and general $1,070,004

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $11,719,978 · program services $9,945,594 · management and general $1,774,384

  • 24d · Other expenses: BILLING COLLECTION

    total $5,121,746 · program services $5,121,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $39,632,745 · end of year $48,041,935

  • 4 · Accounts receivable

    beginning of year $39,556,280 · end of year $42,942,582

  • 7 · Other notes and loans receivable

    beginning of year $3,011,396 · end of year $6,106,586

  • 8 · Inventories for sale or use

    beginning of year $5,458,307 · end of year $5,222,435

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,325,499 · end of year $11,970,337

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

    $350,372,331

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

    $237,601,342

  • 10c · Land, buildings and equipment, net

    beginning of year $122,029,659 · end of year $112,770,989

  • 12 · Investments: other securities

    beginning of year $14,302,864 · end of year $19,484,708

  • 13 · Investments: program-related

    beginning of year $11,361,116 · end of year $11,995,529

  • 15 · Other assets

    beginning of year $47,663,872 · end of year $42,845,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,818,049 · end of year $41,806,669

  • 20 · Tax-exempt bond liabilities

    beginning of year $45,003,245 · end of year $42,306,247

  • 23 · Secured mortgages and notes payable

    beginning of year $48,886,872 · end of year $43,927,794

  • 25 · Other liabilities

    beginning of year $65,669,068 · end of year $59,906,709

  • 27 · Net assets without donor restrictions

    beginning of year $80,121,740 · end of year $96,037,442

  • 28 · Net assets with donor restrictions

    beginning of year $11,842,764 · end of year $17,395,604

Mission and programs · 2023

Mission

THE MISSION OF EMERSON HOSPITAL IS TO DELIVER HIGH QUALITY, SAFE AND COST-EFFECTIVE CARE TO OUR PATIENTS AND TO MAINTAIN A PROFESSIONAL AND RESPECTFUL ENVIRONMENT FOR ALL MEMBERS OF THE EMERSON HOSPITAL COMMUNITY. WE DEFINE HIGH QUALITY AS MEETING OR EXCEEDING THE REQUIREMENTS OF OUR CUSTOMERS: PATIENTS, PHYSICIANS, EMPLOYEES, THE COMMUNITY AND PAYERS.

Activities or mission (Part I)

EMERSON HOSPITAL IS AN ACUTE CARE NON PROFIT COMMUNITY HOSPITAL THAT OFFERS A WIDE RANGE OF MEDICAL, SURGICAL AND SPECIALTY CARE TO APPROXIMATELY 300,000 INDIVIDUALS IN 21 TOWNS.

  • EMERSON HOSPITAL IS AN 199-BED ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES SERVICES TO INPATIENTS. THE FACILITY INCLUDES THE FOLLOWING UNITS: THREE MEDICAL/SURGICAL UNITS, A LOCKED BEHAVIORAL HEALTH UNIT, A LOCKED MATERNITY/OBSTETRICS UNIT, A CRITICAL CARE UNIT, A SHORT TERM REHABILITATION TRANSITIONAL CARE UNIT, A PEDIATRICS UNIT AND A SPECIAL CARE NURSERY. EMERSON HOSPITAL SERVED 7,316 INPATIENTS AND 2,240 OBSERVATION PATIENTS FOR A TOTAL OF 37,673 PATIENT DAYS.

    Expenses $86,708,688 · Revenue $96,951,307

  • EMERSON HOSPITAL IS AN ACUTE CARE NON-PROFIT COMMUNITY HOSPITAL THAT PROVIDES A VARIETY OF SERVICES ON AN OUTPATIENT BASIS. EMERSON PERFORMED 11,043 PROCEDURES ON OUTPATIENTS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024 IN ADDITION, THE HOSPITAL ALSO HAD 35,775 EMERGENCY DEPARTMENT VISITS AND 96,044 REHABILITATION SERVICE VISITS.

    Expenses $249,894,513 · Revenue $266,852,772

  • EMERSON HOSPITAL PROVIDES HOMECARE SERVICES. HOME CARE IS AVAILABLE 24 HOURS PER DAY AND 7 DAYS PER WEEK TO HOMEBOUND PATIENTS OF ALL AGES. PRIMARY HOMECARE SERVICES INCLUDE PROFESSIONAL NURSES WHO DELIVER MEDICAL CARE AS ORDERED BY PHYSICIANS, REHABILITATION PROFESSIONALS WHO WORK WITH PATIENTS TO RESTORE FUNCTION AND INDEPENDENCE AND HOME HEALTH AIDES WHO ASSIST WITH PERSONAL CARE TASKS. FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024 EMERSON HOSPITAL SAW 1,722 NEW HOMECARE PATIENTS AND PERFORMED 18,526 HOMECARE VISITS.

    Expenses $4,661,056 · Revenue $5,211,652

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey S Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • James Digiovanni

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Christine C Schuster

    PRESIDENT AND CEO

    Total calculated
    $1,683,834
    From this org
    $1,370,489
    From related orgs
    $0
    Other
    $313,345
    Hours/week
    56 + 4 related

    Schedule J breakdown matched by us

    Base
    $973,233
    Bonus
    $393,692
    Other
    $3,564
    Deferred
    $278,975
    Nontaxable benefits
    $34,370
    Filer's total
    $1,683,834

  • Benjamin Tillinger MD

    MED STAFF PRESIDENT

    Total calculated
    $520,425
    From this org
    $0
    From related orgs
    $487,071
    Other
    $33,354
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $377,792 related
    Bonus
    $0 + $108,469 related
    Other
    $0 + $810 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $28,054 related
    Filer's total
    $0 + $520,425 related

  • Paul Birch

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Christina Martin

    ASSISTANT SECRETARY

    Total calculated
    $118,367
    From this org
    $104,412
    From related orgs
    $0
    Other
    $13,955
    Hours/week
    4

  • Richard Churchill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rose Ann Giordano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • James Street MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Michael Zak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Anna Rasmussen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Eileen Deignan MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • John Hickling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • David Lautz MD

    DIRECTOR

    Total calculated
    $1,455,837
    From this org
    $0
    From related orgs
    $1,416,265
    Other
    $39,572
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $781,016 related
    Bonus
    $0 + $631,733 related
    Other
    $0 + $3,516 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $34,272 related
    Filer's total
    $0 + $1,455,837 related

  • John Boynton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • David Rose MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • William Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jill Stansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joshua M Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Gloria L Clough

    CHAIR

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Stephen Coco

    SR VP, CFO, ASSISTANT TREASURER

    Total calculated
    $739,327
    From this org
    $651,704
    From related orgs
    $0
    Other
    $87,623
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $540,750
    Bonus
    $108,632
    Other
    $2,322
    Deferred
    $68,300
    Nontaxable benefits
    $19,323
    Filer's total
    $739,327

  • Craig Best

    PRESIDENT (EPA)

    Total calculated
    $463,556
    From this org
    $463,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $459,992
    Bonus
    $0
    Other
    $3,564
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $463,556

  • John Dowd MD

    PHYSICIAN

    Total calculated
    $635,123
    From this org
    $0
    From related orgs
    $595,551
    Other
    $39,572
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,938 related
    Bonus
    $0 + $13,333 related
    Other
    $0 + $2,280 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $34,272 related
    Filer's total
    $0 + $635,123 related

  • David Kahan MD

    PHYSICIAN

    Total calculated
    $657,256
    From this org
    $0
    From related orgs
    $651,956
    Other
    $5,300
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,000 related
    Bonus
    $0 + $196,146 related
    Other
    $0 + $810 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $657,256 related

  • Jennifer Nayor MD

    PHYSICIAN

    Total calculated
    $688,693
    From this org
    $0
    From related orgs
    $649,121
    Other
    $39,572
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,250 related
    Bonus
    $0 + $147,331 related
    Other
    $0 + $540 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $34,272 related
    Filer's total
    $0 + $688,693 related

  • Arthur Lee MD

    PHYSICIAN

    Total calculated
    $775,668
    From this org
    $0
    From related orgs
    $742,314
    Other
    $33,354
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $676,603 related
    Bonus
    $0 + $64,469 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $28,054 related
    Filer's total
    $0 + $775,668 related

  • Mark Moschella MD

    PHYSICIAN

    Total calculated
    $751,975
    From this org
    $0
    From related orgs
    $718,621
    Other
    $33,354
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $716,299 related
    Bonus
    $0
    Other
    $0 + $2,322 related
    Deferred
    $0 + $5,300 related
    Nontaxable benefits
    $0 + $28,054 related
    Filer's total
    $0 + $751,975 related

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
EMERSON HOSPITAL OFFERS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO A SELECT CLASS OF MANAGEMENT. SUPPLEMENTAL RETIREMENT INCOME IS ASSESSED BY AN INDEPENDENT ACTUARY TO DETERMINE ANNUAL CONTRIBUTION AMOUNTS BY EMERSON HOSPITAL. PLAN CONTRIBUTIONS BECOME INCOME TO THE PARTICIPANT BASED ON A CLIFF VESTING SCHEDULE, WHICH IS EVERY FIVE YEARS FROM THE DATE OF PLAN ENROLLMENT. THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CHRISTINE SCHUSTER $251,175 STEPHEN COCO $40,500 ERIC STASTNY $33,183 BARRETT KITCH, MD $28,860 MARK MAHNFELDT $11,273 RENEE FOSBERG $7,452 DAVID RYAN $5,764
PART I, LINE 6
EXECUTIVES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 5% OF BASE SALARY IF THE ORGANIZATION ACHIEVES THE BOARD APPROVED BUDGETED GAIN FROM OPERATIONS FOR THE FISCAL YEAR.
PART I, LINE 7
EXECUTIVES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION IN THE AMOUNT OF 15-25% OF BASE SALARY IF THEY ACHIEVE SPECIFIC INDIVIDUAL GOALS.

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.

  • EMERSON HEALTH SYSTEM

    501(C)3 · PROVIDES ITS HEALTHCARE SUBSIDIARIES WITH A MANAGEMENT TEAM · MA

  • EMERSON HEALTH CARE FOUNDATION

    501(C)3 · COORDINATE AND DEVELOP THE FUNDRAISING EFFORT FOR EMERSON HOSPITAL · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON PRACTICE ASSOCIATES

    501(C)3 · PROVIDE HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON PRACTICE ASSOCIATES II

    501(C)3 · PROVIDE HEALTH CARE SERVICES IN THE COMMUNITIES SERVED BY EMERSON HOSPITAL · MA

    Directly controlled by EMERSON HEALTH SYSTEM INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • RADIATION ONCOLOGY CENTER MANAGEMENT COMPANY LLC

    RELATED · OPERATE A RADIATION ONCOLOGY FACILITY · MA · 50% owned · share of income $3,604,883 · share of assets $279,613 · general or managing partner

  • SHIELDS IMAGING MANAGEMENT AT EMERSON

    RELATED · IMAGING SERVICES · MA · 50% owned · share of income $1,104,143 · share of assets $626,131 · general or managing partner

  • MASSACHUSETTS VALUE ALLIANCE LLC

    RELATED · HEALTHCARE AFFORDABILITY · MA · 20% owned · share of income -$70,981 · share of assets $293,838

  • EMERSON ENDOSCOPY AND DIGESTIVE HEALTH CENTER LLC

    RELATED · ENDOSCOPY AND DIGESTIVE HEALTH · MA · 75% owned · share of income $1,572,469 · share of assets -$1,016,874

  • SHIELDS PET-CT AT EMERSON HOSPITAL LLC

    RELATED · PET-CT · MA · 50% owned · share of income $700,942 · share of assets $132,790

Related corporations and trusts

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

  • EMERSON PHYSICIAN HOSPITAL ORGANIZATION

    C · HEALTH SERVICES CONTRACTING · MA · 50% owned

  • EMERSON PROPERTY DEVELOPMENT CORP

    C · PROPERTY MANAGEMENT · MA · 100% owned · share of income $39,753 · share of assets $118,868

    Directly controlled by EMERSON HEALTH SYSTEM INC

  • EMERSON OCCUPATIONAL HEALTH SERVICES

    C · HEALTH SERVICES · MA · 100% owned

    Directly controlled by EMERSON HEALTH SYSTEM INC

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202542259349301004

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