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Nonprofiteer
← BAYSTATE HEALTH INC

Form 990 for tax year 2024

Filed by BAYSTATE HEALTH INC.

Totals

Total revenue
$18,313,920
Total expenses
$22,257,136
Contributions and grants received
$3,432,208
Grants paid
$178,486
Program services expenses (Part IX)
$15,750,096
Management and general expenses
$6,507,040
Fundraising expenses
$0
Program service expenses (Part III)
$15,750,096

Program services were 70.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER D BANKO

    TRUSTEE/PRESIDENT & CEO - BH

    Total calculated
    $1,747,717
    From this org
    $0
    From related orgs
    $1,514,715
    Other
    $233,002
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $0 + $988,761 related
    Bonus
    $0 + $514,000 related
    Other
    $0 + $11,954 related
    Deferred
    $0 + $214,052 related
    Nontaxable benefits
    $0 + $18,950 related
    Filer's total
    $0 + $1,747,717 related

  • NICOLAS JABBOUR MD

    TRUSTEE/CHAIR DEPT. OF SURGERY

    Total calculated
    $1,117,486
    From this org
    $1,055,742
    From related orgs
    $0
    Other
    $61,744
    Hours/week
    1 + 5 related

    Schedule J breakdown matched by us

    Base
    $792,778
    Bonus
    $172,092
    Other
    $90,872
    Deferred
    $22,425
    Nontaxable benefits
    $39,319
    Filer's total
    $1,117,486

  • AKINYELE K LOVELACE DO

    VICE CHAIR (AS OF 1/1/25)/TTEE/PER DIEM INTERNIST

    Total calculated
    $93,908
    From this org
    $92,520
    From related orgs
    $0
    Other
    $1,388
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $92,520
    Bonus
    $0
    Other
    $0
    Deferred
    $1,388
    Nontaxable benefits
    $0
    Filer's total
    $93,908

  • SARA ROURKE MD

    TTEE/PER DIEM URGENT CARE PHYSICIAN

    Total calculated
    $31,592
    From this org
    $31,125
    From related orgs
    $0
    Other
    $467
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $31,125
    Bonus
    $0
    Other
    $0
    Deferred
    $467
    Nontaxable benefits
    $0
    Filer's total
    $31,592

  • COLLEEN W HOLMES VICE CHAIR

    (TO 1/1/25)/CHAIR (AS OF 1/1/25)/TTEE

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • ANTONIO E DOS SANTOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • CLAUDIA R COPLEIN DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DENISE R JORDAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • HARRIET A DEVERRY

    TRUSTEE, CHAIR (THRU 1/1/25)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • IRENE RODRIGUEZ-MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JULIE QUINK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • KEITH NESBITT

    TRUSTEE (AS OF 1/1/25)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • LINDA THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MADELINE LANDRAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • MARIA P GONCALVES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • MARK A O'CONNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • PAUL C PICKNELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • RICHARD BOSSIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ROBERT J BACON

    TRUSTEE (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • RUTH H CONSTANTINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • WILLIAM R WEBBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • RAYMOND MCCARTHY

    SVP, CFO & TREAS BH (THRU 4/22/25)

    Total calculated
    $1,335,635
    From this org
    $0
    From related orgs
    $1,279,577
    Other
    $56,058
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $719,349 related
    Bonus
    $0 + $309,758 related
    Other
    $0 + $250,470 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $26,733 related
    Filer's total
    $0 + $1,335,635 related

  • LAURIE MARTIN

    CFO & TREASURER - BH (AS OF 4/22/25)

    Total calculated
    $442,605
    From this org
    $0
    From related orgs
    $387,373
    Other
    $55,232
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,152 related
    Bonus
    $0 + $58,696 related
    Other
    $0 + $8,525 related
    Deferred
    $0 + $28,947 related
    Nontaxable benefits
    $0 + $26,285 related
    Filer's total
    $0 + $442,605 related

  • KRISTIN R DELANEY

    CLERK/DIRECTOR STRATEGY

    Total calculated
    $210,033
    From this org
    $0
    From related orgs
    $181,047
    Other
    $28,986
    Hours/week
    34 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,278 related
    Bonus
    $0 + $14,257 related
    Other
    $0 + $1,512 related
    Deferred
    $0 + $12,100 related
    Nontaxable benefits
    $0 + $16,886 related
    Filer's total
    $0 + $210,033 related

  • NANCY REMILLARD

    ASST. CLERK OF THE CORP

    Total calculated
    $76,850
    From this org
    $0
    From related orgs
    $62,538
    Other
    $14,312
    Hours/week
    1 + 49 related

  • MARK A KEROACK MD

    FORMER TRUSTEE/PRESIDENT & CEO - BH

    Total calculated
    $1,587,700
    From this org
    $0
    From related orgs
    $1,554,650
    Other
    $33,050
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $782,776 related
    Bonus
    $0 + $461,744 related
    Other
    $0 + $310,130 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $14,075 related
    Filer's total
    $0 + $1,587,700 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 — 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 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)

PART I, LINE 3:
THE COMPENSATION OF THE PRESIDENT AND CEO IS REVIEWED AND DETERMINED ANNUALLY BY THE HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. 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 AND CEO 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 AND CEO 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:
PETER D. BANKO - SUPPLEMENTAL RETIREMENT OF $196,802 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 WAS EARNED AND PAID IN 2024. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. MARK A. KEROACK, MD - SUPPLEMENTAL RETIREMENT OF $198,902 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $194,552 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.

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

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
2024
IRS schema version
2024v5.5
Source object
202632249349300648

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