Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $850,436

• 2a · Program service revenue: PHYSICIAN PRACTICE FEE

  total $250,047,407 · related or exempt $250,047,407

• 2b · Program service revenue: HOSPITAL REIMB PROGRAM

  total $149,633,988 · related or exempt $149,633,988

• 2c · Program service revenue: PRACTICE LEASE AGREEME

  total $64,725,802 · related or exempt $64,725,802

• 2d · Program service revenue: AFF.CONTRACT SERVICES

  total $14,700,391 · related or exempt $14,700,391

• 2e · Program service revenue: FUNDING-STRATEGIC GROW

  total $8,286,924 · related or exempt $8,286,924

• 2f · All other program service revenue

  total $20,770,799 · related or exempt $20,209,791 · unrelated business $561,008

• 3 · Investment income

  total $149,343 · excluded $149,343

• 7a · Gross sales of assets other than inventory

  securities $4,208,050

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

  securities $4,207,973

• 7c · Gain or loss

  securities $77

• 7d · Net gain or loss

  total $77 · excluded $77

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $9,929,411 · program services $9,508,345 · management and general $421,066

• 6 · Compensation of disqualified persons

  total $1,357,823 · program services $1,300,243 · management and general $57,580

• 7 · Other salaries and wages

  total $387,250,574 · program services $370,828,860 · management and general $16,421,714

• 8 · Pension plan contributions

  total $20,134,598 · program services $19,280,772 · management and general $853,826

• 9 · Other employee benefits

  total $27,695,675 · program services $26,521,214 · management and general $1,174,461

• 10 · Payroll taxes

  total $21,593,262 · program services $20,677,580 · management and general $915,682

• 11a · Fees: management

  total $7,759,931 · management and general $7,759,931

• 11b · Fees: legal

  total $349,754 · management and general $349,754

• 11c · Fees: accounting

  total $51,140 · management and general $51,140

• 11g · Fees: other

  total $92,294,503 · program services $87,644,405 · management and general $4,650,098

• 13 · Office expenses

  total $1,855,663 · program services $1,776,972 · management and general $78,691

• 14 · Information technology

  total $143,310 · program services $137,233 · management and general $6,077

• 16 · Occupancy

  total $8,076,519 · program services $7,734,027 · management and general $342,492

• 17 · Travel

  total $189,849 · program services $181,789 · management and general $8,060

• 19 · Conferences, conventions and meetings

  total $232,035 · program services $222,195 · management and general $9,840

• 22 · Depreciation, depletion and amortization

  total $1,429,937 · program services $1,369,299 · management and general $60,638

• 23 · Insurance

  total $8,781,245 · program services $8,408,868 · management and general $372,377

• 24a · Other expenses: PHYSICIAN EXPENSE ALLOW

  total $2,780,934 · program services $2,663,006 · management and general $117,928

• 24b · Other expenses: MEDICAL SUPPLIES

  total $2,390,520 · program services $2,390,520

• 24c · Other expenses: DUES/MEMBERSHIPS

  total $2,241,421 · program services $2,146,371 · management and general $95,050

• 24d · Other expenses: RECRUITMENT

  total $1,052,760 · program services $1,008,117 · management and general $44,643

• 24e · All other expenses

  total $390,455 · program services $373,907 · management and general $16,548

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $8,187,086 · end of year $3,871,008

• 4 · Accounts receivable

  beginning of year $47,608,037 · end of year $53,219,940

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,850,551 · end of year $17,672,911

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

  $29,838,855

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

  $24,083,286

• 10c · Land, buildings and equipment, net

  beginning of year $7,120,835 · end of year $5,755,569

• 14 · Intangible assets

  beginning of year $0

• 15 · Other assets

  beginning of year $22,323,318 · end of year $24,536,425

• 17 · Accounts payable and accrued expenses

  beginning of year $74,933,900 · end of year $90,398,134

• 19 · Deferred revenue

  beginning of year $2,413,823 · end of year $1,962,672

• 25 · Other liabilities

  beginning of year $68,946,409 · end of year $73,715,504

• 27 · Net assets without donor restrictions

  beginning of year -$47,204,305 · end of year -$61,020,457

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 COMPENSATION 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 6

BAYSTATE MAINTAINS A VARIABLE COMPENSATION PROGRAM FOR CERTAIN SENIOR LEADERS THAT INCLUDES A PERFORMANCE-BASED COMPONENT TIED IN PART TO ORGANIZATIONAL MARGIN. THE PROGRAM IS ADMINISTERED UNDER AN ESTABLISHED FORMULA THAT IS APPLIED CONSISTENTLY TO DETERMINE AWARDS. ALTHOUGH THE COMPENSATION ARRANGEMENT IS NOT SET FORTH IN INDIVIDUAL EMPLOYMENT CONTRACTS, THE VARIABLE COMPENSATION IS CONTINGENT UPON ACHIEVEMENT OF SPECIFIED PERFORMANCE OBJECTIVES, INCLUDING MARGIN-RELATED TARGETS, AND IS DETERMINED IN WHOLE OR IN PART BY THE NET EARNINGS OF THE ORGANIZATION.

PART I, LINE 7

BAYSTATE PROVIDES VARIABLE COMPENSATION TO CERTAIN LISTED PERSONS UNDER AN ESTABLISHED COMPENSATION PROGRAM. THE AMOUNT OF VARIABLE COMPENSATION IS DETERMINED USING PRE-ESTABLISHED FORMULAS AND PERFORMANCE CRITERIA APPLIED CONSISTENTLY BY THE ORGANIZATION; HOWEVER, THE COMPENSATION ARRANGEMENTS ARE GENERALLY NOT SET FORTH IN INDIVIDUAL EMPLOYMENT CONTRACTS.

PART I, LINE 4B:

ANDREW ARTENSTEIN, MD SUPPLEMENTAL RETIREMENT OF $219,065 INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $214,715 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SCOTT BARNETT, MD - SUPPLEMENTAL RETIREMENT OF $4,293 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $528 EARNED AND PAID IN 2024 AND $3,765 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. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $4,433 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RAQUEL BELFORTI, MD - SAMUEL SKURA - SUPPLEMENTAL RETIREMENT OF $3,992 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. CHARLOTTE BONEY, MD - SUPPLEMENTAL RETIREMENT OF $15,687 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $11,337 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. ELIZABETH BOYLE, MD - SUPPLEMENTAL RETIREMENT OF $8,242 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $3,892 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. DAVID BULL, MD - SUPPLEMENTAL RETIREMENT OF $3,703 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RONALD P. BRYANT - SUPPLEMENTAL RETIREMENT OF $19,514 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $15,164 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. DAVID DEATON, MD - SUPPLEMENTAL RETIREMENT OF $33,881 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RAWAD ELIAS, MD - SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. BENJAMIN FREDA, MD - SUPPLEMENTAL RETIREMENT OF $6,763 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $2,413 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SETH GEMME, MD - SUPPLEMENTAL RETIREMENT OF $7,546 INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SARAH HAESSLER, MD - SUPPLEMENTAL RETIREMENT OF $17,023 INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. NICHOLAS JABBOUR, MD - SUPPLEMENTAL RETIREMENT OF $49,500 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $45,150 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. KEISHA JONES, MD - SUPPLEMENTAL RETIREMENT OF $4,890 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. ASHRAF KHAN, MD - SUPPLEMENTAL RETIREMENT OF $14,594 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $10,244 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. BETTY K. LARUE - SUPPLEMENTAL RETIREMENT OF $14,303 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $9,953 EARNED AND PAID IN 2024 AND $4,350 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. LAURIE MARTIN - SUPPLEMENTAL RETIREMENT OF $5,108 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RAYMOND MCCARTHY - SUPPLEMENTAL RETIREMENT OF $194,402 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $190,052 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. AMRUTA MULEY, MD - SUPPLEMENTAL RETIREMENT OF $3,777 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $4,759 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. DENNIS OH, MD - SUPPLEMENTAL RETIREMENT OF $77,312 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $72,962 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. ANTHONY ROUSOU, MD - SUPPLEMENTAL RETIREMENT OF $35,168 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $30,818 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SIAVASH SAADAT, MD - SUPPLEMENTAL RETIREMENT OF $23,144 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. HEATHER SANKEY, MD - SUPPLEMENTAL RETIREMENT OF $23,606 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $19,256 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. BARRY SARVET, MD - SUPPLEMENTAL RETIREMENT OF $13,309 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $8,959 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. ROBERT SCHAPIRO, MD - SUPPLEMENTAL RETIREMENT OF $33,069 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $28,719 EARNED AND PAID IN 2024 AND $4,350 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 $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. ANANT SHENOY, MD - SUPPLEMENTAL RETIREMENT OF $949 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SAMUEL SKURA - SUPPLEMENTAL RETIREMENT OF $26,128 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED AND PAID IN 2024.