Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $59,778

• 1e · Government grants (contributions)

  $128,526

• 2a · Program service revenue: OUTPATIENT REVENUE

  total $56,956,963 · related or exempt $56,956,963

• 2b · Program service revenue: INPATIENT REVENUE

  total $41,598,848 · related or exempt $41,598,848

• 2c · Program service revenue: INTERCOMPANY RENT

  total $298,888 · related or exempt $298,888

• 3 · Investment income

  total $531,865 · excluded $531,865

• 6a · Gross rents

  real property $229,281

• 6b · Less rental expenses

  real property $227,301

• 6c · Rental income or loss

  real property $1,980

• 6d · Net rental income or loss

  total $1,980 · excluded $1,980

• 7a · Gross sales of assets other than inventory

  securities $1,108,512

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

  securities $554,256

• 7c · Gain or loss

  securities $554,256

• 7d · Net gain or loss

  total $554,256 · excluded $554,256

• 11a · Other revenue: MED RECORDS ABSR

  total $864,343 · related or exempt $864,343

• 11b · Other revenue: CAFETERIA INCOME

  total $433,834 · excluded $433,834

• 11c · Other revenue: INTERCOMPANY CHARGES

  total $147,069 · related or exempt $147,069

• 11e · Other revenue, total

  $1,445,246

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $53,767 · program services $53,767

• 5 · Compensation of officers, directors and key employees

  total $280,700 · management and general $280,700

• 7 · Other salaries and wages

  total $39,094,166 · program services $38,099,329 · management and general $994,837

• 8 · Pension plan contributions

  total $1,096,475 · program services $1,077,126 · management and general $19,349

• 9 · Other employee benefits

  total $5,647,938 · program services $5,496,505 · management and general $151,433

• 10 · Payroll taxes

  total $2,914,929 · program services $2,823,516 · management and general $91,413

• 11a · Fees: management

  total $4,263,053 · program services $480,582 · management and general $3,782,471

• 11b · Fees: legal

  total $68,518 · program services $63,722 · management and general $4,796

• 11c · Fees: accounting

  total $33,436 · management and general $33,436

• 11d · Fees: lobbying

  total $18,707 · management and general $18,707

• 11g · Fees: other

  total $20,995,189 · program services $20,326,194 · management and general $668,836 · fundraising $159

• 13 · Office expenses

  total $4,036,395 · program services $3,344,234 · management and general $692,174 · fundraising -$13

• 14 · Information technology

  total $7,166,557 · program services $7,166,557

• 16 · Occupancy

  total $1,699,587 · program services $1,688,666 · management and general $10,921

• 17 · Travel

  total $31,137 · program services $31,014 · management and general $123

• 19 · Conferences, conventions and meetings

  total $82,182 · program services $62,948 · management and general $19,234

• 20 · Interest

  total $1,029,073 · program services $1,029,073

• 22 · Depreciation, depletion and amortization

  total $4,218,780 · program services $4,218,780

• 23 · Insurance

  total $399,552 · program services $276,797 · management and general $122,755

• 24a · Other expenses: MEDICAL SUPPLIES

  total $10,777,225 · program services $10,777,225

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,957,526 · end of year $7,989,737

• 2 · Savings and temporary cash investments

  beginning of year $8,423,699 · end of year $6,258,322

• 3 · Pledges and grants receivable

  beginning of year $61,305 · end of year $61,305

• 4 · Accounts receivable

  beginning of year $14,220,808 · end of year $11,952,083

• 8 · Inventories for sale or use

  beginning of year $1,184,126 · end of year $1,079,699

• 9 · Prepaid expenses and deferred charges

  beginning of year $334,408 · end of year $508,667

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

  $123,318,002

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

  $71,142,789

• 10c · Land, buildings and equipment, net

  beginning of year $49,610,089 · end of year $52,175,213

• 15 · Other assets

  beginning of year $10,717,885 · end of year $6,389,716

• 17 · Accounts payable and accrued expenses

  beginning of year $15,452,294 · end of year $13,355,471

• 19 · Deferred revenue

  beginning of year $102,322 · end of year $100,803

• 24 · Unsecured notes and loans payable

  beginning of year $22,681,294 · end of year $21,784,818

• 25 · Other liabilities

  beginning of year $25,440,895 · end of year $31,168,946

• 27 · Net assets without donor restrictions

  beginning of year $15,817,330 · end of year $14,535,244

• 28 · Net assets with donor restrictions

  beginning of year $10,015,711 · end of year $5,469,460

The filer's explanations (Part III)

PART I, LINE 3

THE HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. (THE PARENT ORGANIZATION OF THE HEALTH CARE SYSTEM TO WHICH THE FILING ORGANIZATION BELONGS) HAS BEEN APPOINTED THROUGH BOARD RESOLUTION AS THE HUMAN RESOURCES COMMITTEE OF THE FILING ORGANIZATION. THIS COMMITTEE CONSISTS ENTIRELY OF INDIVIDUALS SERVING ON THE BOARD OF THE FILING ORGANIZATION. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE PRESIDENT WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION OF THE PRESIDENT IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA. THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. AND ALL SUCH DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY.

PART I, LINE 4B:

RONALD P. BRYANT - SUPPLEMENTAL RETIREMENT OF $30,616 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $26,341 EARNED AND PAID IN 2023 AND $4,275 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. KELLY GALSTER, MD - SUPPLEMENTAL RETIREMENT OF $7,428 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2023. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. NICHOLAS JABBOUR, MD - SUPPLEMENTAL RETIREMENT OF 33,852 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2023. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. RAYMOND MCCARTHY - SUPPLEMENTAL RETIREMENT OF $190,955 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $186,680 EARNED AND PAID IN 2023 AND $4,275 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. KEVIN P. MORIARTY, MD - SUPPLEMENTAL RETIREMENT OF $29,104 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $24,829 EARNED AND PAID IN 2023 AND $4,275 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. KRISTIN MORALES-LEMIEUX - SUPPLEMENTAL RETIREMENT OF $114,540 IS INCLUDED IN COLUMN B THIS AMOUNT CONSISTS OF $110,265 EARNED AND PAID IN 2023 AND $4,275 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $4,950 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2023. KARLI BARRETT - SUPPLEMENTAL RETIREMENT OF $3,460 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED AND PAID IN 2023.

Related partnerships

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

• AMSURG BMC LLC

  MEDICAL SERVICES · TN

• BAYSTATE HEALTH URGENT CARE LLC

  URGENT HEALTHCARE FACILITY · MA

• BAYSTATE NEW ENGLAND ORTHOPEDIC SURGEONS ALLIANCE LLC

  MEDICAL SERVICES · NC

Related corporations and trusts

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

• BAYSTATE HEALTH INSURANCE COMPANY LTD

  C · OFFSHORE CAPTIVE INSURANCE · CJ

• HNE ADVISORY SERVICES INC

  C · ADMINISTRATIVE SERVICES · MA

• HNE HOLDING CORPORATION

  C · HOLDING SHARES IN SUBSIDIARY CORPORATIONS · MA

• HNE INSURANCE COMPANY INC

  C · HEALTH INS SVCS FOR MASS MEDICARE SUPPLEMENT MEMBERS · MA

• HNE INSURANCE SERVICES INC

  C · ANCILLARY INSURANCE · MA

• INGRAHAM CORPORATION

  C · HEALTH CARE AND OTHER BUSINESS ACTIVITIES · MA