Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OTHER REVENUE

  total $949,973 · related or exempt $949,973

• 3 · Investment income

  total $21,621 · excluded $21,621

• 11a · Other revenue: CORPORATE OVERHEAD ALLOCATION

  total $258,011,815 · related or exempt $261,120,321 · unrelated business -$3,108,506

• 11b · Other revenue: PHARMACY CONSULTING REVENUE

  total $40,573,679 · unrelated business $40,573,679

• 11e · Other revenue, total

  $298,585,494

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $123,263,321 · program services $105,699,394 · management and general $17,563,927

• 9 · Other employee benefits

  total $19,395,826 · program services $16,033,877 · management and general $3,361,949

• 10 · Payroll taxes

  total $6,951,406 · program services $6,951,406

• 11b · Fees: legal

  total $3,731,088 · program services $2,707,548 · management and general $1,023,540

• 11c · Fees: accounting

  total $159,564 · program services $149,664 · management and general $9,900

• 11d · Fees: lobbying

  total $466,000 · program services $466,000

• 11g · Fees: other

  total $35,209,510 · program services $32,796,847 · management and general $2,412,663

• 12 · Advertising and promotion

  total $250,236 · program services $223,860 · management and general $26,376

• 13 · Office expenses

  total $10,396,813 · program services $10,149,847 · management and general $246,966

• 16 · Occupancy

  total $12,342,879 · program services $12,318,802 · management and general $24,077

• 17 · Travel

  total $1,128,955 · program services $422,929 · management and general $706,026

• 19 · Conferences, conventions and meetings

  total $1,034,429 · program services $361,377 · management and general $673,052

• 22 · Depreciation, depletion and amortization

  total $113,374 · management and general $113,374

• 23 · Insurance

  total $9,075 · management and general $9,075

• 24a · Other expenses: LICENSE FEES

  total $57,564,501 · program services $57,433,939 · management and general $130,562

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $5,079,592 · program services $5,079,592

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $4,613,922 · program services $4,613,268 · management and general $654

• 24d · Other expenses: INCOME TAXES

  total $3,017,276 · management and general $3,017,276

• 24e · All other expenses

  total $7,434,735 · program services $6,675,439 · management and general $759,296

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,157,211 · end of year $10,364,932

• 4 · Accounts receivable

  beginning of year $5,990,767 · end of year $10,169,006

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,514,194 · end of year $24,710,599

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

  $2,772,987

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

  $1,987,993

• 10c · Land, buildings and equipment, net

  beginning of year $181,171 · end of year $784,994

• 15 · Other assets

  beginning of year $677,631 · end of year $2,752,311

• 17 · Accounts payable and accrued expenses

  beginning of year $13,143,036 · end of year $14,440,593

• 25 · Other liabilities

  beginning of year $15,494,761 · end of year $19,063,486

• 27 · Net assets without donor restrictions

  beginning of year $7,883,177 · end of year $15,277,763

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B:

CERTAIN EXECUTIVES REPORTED ON THE BMC HEALTH SYSTEM, INC. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II ARE COMPENSATED BY BOSTON MEDICAL CENTER, A RELATED ORGANIZATION, FOR SERVICES THEY PROVIDED TO BOSTON MEDICAL CENTER. BOSTON MEDICAL CENTER PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. AMOUNTS ARE CREDITED TO PARTICIPANTS' ACCOUNTS EACH YEAR. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. AMOUNTS VEST ON SPECIFIED DATES BASED ON CONTINUED EMPLOYMENT BUT NO LATER THAN THE EXECUTIVE'S SIXTY-SECOND BIRTHDAY. AMOUNTS ACCRUED IN THE PLAN ARE REPORTED IN SCHEDULE J, PART II, COLUMN C. BOSTON MEDICAL CENTER PROVIDED A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN TO DAVID BECK AND KATHLEEN WALSH. BOTH EXECUTIVES HAVE REACHED THE PLAN RETIREMENT AGE AND HAVE VESTED 100% IN THE PLAN.IN ADDITION, PURSUANT TO THE TERMS OF THE PLAN, ONCE THE PLAN PARTICIPANT REACHES THE PLAN RETIREMENT AGE, ALL FUTURE CONTRIBUTIONS ARE MADE IN CASH. ACCORDINGLY, 2022 CONTRIBUTIONS OF $53,400 AND $277,500 WERE PAID IN CASH TO DAVID BECK AND KATHLEEN WALSH, RESPECTIVELY, IN 2022. THESE AMOUNTS ARE REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III).

Disregarded entities

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

• CLEARWAY HEALTH LLC

  PHARMACY CONSULTING · MA · income $7,408,078 · assets $16,988,122

  Directly controlled by BMCHS

Related corporations and trusts

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

• BMC INSURANCE COMPANY LTD

  C · INSURANCE · CJ · controlled entity

• CHARITABLE REMAINDER TRUST - MA (3)

  C · SUPPORT · MA · controlled entity