Totals
- Total revenue
- $17
- Total expenses
- $33,570
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $17
- Other revenue
- $0
- Total assets, end of year
- $218,083
- Total liabilities, end of year
- $20,541
- Net assets or fund balances, end of year
- $197,542
- Program services expenses (Part IX)
- $25,628
- Management and general expenses
- $7,942
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $25,628
Program services were 76.3% 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.
-
3 · Investment income
total $17 · excluded $17
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $7,641 · management and general $7,641
-
13 · Office expenses
total $301 · management and general $301
-
16 · Occupancy
total $12,900 · program services $12,900
-
22 · Depreciation, depletion and amortization
total $12,728 · program services $12,728
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,540 · end of year $21,256
-
10a · Land, buildings and equipment: cost or other basis
$280,085
-
10b · Land, buildings and equipment: accumulated depreciation
$83,258
-
10c · Land, buildings and equipment, net
beginning of year $209,555 · end of year $196,827
-
25 · Other liabilities
beginning of year $0 · end of year $20,541
-
27 · Net assets without donor restrictions
beginning of year $211,095 · end of year $197,542
Mission and programs · 2022
Mission
To provide support to related medical service organizations.
-
Provided support to related medical service organizations.
Expenses $25,628
As filed on the 2022 return.
Listed in Part VII
-
Garry Bombardier MD
Director
- Total calculated
- $244,878
- From this org
- $0
- From related orgs
- $230,276
- Other
- $14,602
- Hours/week
- 0.5 + 50.5 related
Schedule J breakdown matched by us
- Base
- $0 + $230,276 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $2,274 related
- Nontaxable benefits
- $0 + $12,328 related
- Filer's total
- $0 + $244,878 related
-
Carl Cameron
Director
- Total calculated
- $517,548
- From this org
- $0
- From related orgs
- $470,369
- Other
- $47,179
- Hours/week
- 0.5 + 42.5 related
Schedule J breakdown matched by us
- Base
- $0 + $470,369 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,019 related
- Nontaxable benefits
- $0 + $18,160 related
- Filer's total
- $0 + $517,548 related
-
Marcel Moniz
Director
- Total calculated
- $196,545
- From this org
- $0
- From related orgs
- $180,714
- Other
- $15,831
- Hours/week
- 0.5 + 40.5 related
Schedule J breakdown matched by us
- Base
- $0 + $180,714 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $2,029 related
- Nontaxable benefits
- $0 + $13,802 related
- Filer's total
- $0 + $196,545 related
-
Kartik Viswanathan MD
Director
- Total calculated
- $366,486
- From this org
- $0
- From related orgs
- $338,495
- Other
- $27,991
- Hours/week
- 0.5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $338,495 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $2,900 related
- Nontaxable benefits
- $0 + $25,091 related
- Filer's total
- $0 + $366,486 related
-
Spiridon E Hatiras
President & CEO, Clerk
- Total calculated
- $980,821
- From this org
- $0
- From related orgs
- $907,453
- Other
- $73,368
- Hours/week
- 0.5 + 49 related
Schedule J breakdown matched by us
- Base
- $0 + $907,453 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $51,770 related
- Nontaxable benefits
- $0 + $21,598 related
- Filer's total
- $0 + $980,821 related
-
Dean Vitarisi
Treasurer & CFO
- Total calculated
- $363,276
- From this org
- $0
- From related orgs
- $338,192
- Other
- $25,084
- Hours/week
- 0.5 + 47.5 related
Schedule J breakdown matched by us
- Base
- $0 + $338,192 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $25,084 related
- Filer's total
- $0 + $363,276 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
- 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 for the Organization's CEO was established by a related organization, Valley Health Systems, Inc. That organization established the CEO's compensation by using a compensation committee and a compensation study. The compensation was also approved by the System's compensation committee.
- Part I, Line 4b
- Holyoke Medical Center adopted a 457(f) non-qualified deferred compensation plan that became effective as of July 1, 2017. The Plan allows for eligible individuals and employees of the Medical Center to receive benefits under the Plan until the attainment of age 65. Non-elective contributions made for a Plan participant are tracked and will vest separately based on anniversaries of participants' employment. Each contribution will be 0% vested until the participant reaches the end of their second year of employment after each contribution. Each contribution will become 100% vested as of the last day of the 2nd year of a participant's employment, if the participant is still employed on that date. Only eligible employees are participants in the plan, and the plan does not allow for employee elective deferrals or employer matches. For the 2022 Tax Year, the following listed individuals received 457(f) contributions under the plan: Spiros Hatiras, $48,870; amd Carl Cameron, $28,000.
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.
-
Community Health Foundation of Western Massachusetts Inc
501(c)(3) · Raise & Invest Funds for Affiliates · MA
Directly controlled by Valley Health Systems Inc
-
501(c)(3) · Hospital · MA
Directly controlled by Valley Health Systems Inc
-
Holyoke Visiting Nurse Association Inc
501(c)(3) · Home Healthcare · MA
Directly controlled by Valley Health Systems Inc
-
501(c)(3) · Supporting Organization · MA
Directly controlled by Valley Health Systems Inc
-
River Valley Counseling Center Inc
501(c)(3) · Outpatient Mental Health · MA
Directly controlled by Valley Health Systems Inc
-
501(c)(3) · Healthcare · MA
-
Western Mass Physician Associates Inc
501(c)(3) · Medical Care Services · MA · controlled entity
Directly controlled by MassWest Services Inc
-
William Skinner TUA-Holyoke Hospital Trust
4797(a)(1) · Grantmaking · MA
Directly controlled by Valley Health Systems Inc
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402259349301220
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