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Nonprofiteer
← ATHOL MEMORIAL HOSPITAL NMTC HOLDINGS INC

Form 990 for tax year 2024

Filed by ATHOL MEMORIAL HOSPITAL NMTC HOLDINGS INC.

Totals

Total revenue
$154,053
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$154,053
Total assets, end of year
$16,645,411
Total liabilities, end of year
$16,660,000
Net assets or fund balances, end of year
-$14,589
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 6a · Gross rents

    real property $671,463

  • 6b · Less rental expenses

    real property $517,410

  • 6c · Rental income or loss

    real property $154,053

  • 6d · Net rental income or loss

    total $154,053 · related or exempt $154,053

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $315,002 · end of year $94,602

  • 4 · Accounts receivable

    beginning of year $63,204

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

    $19,131,349

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

    $2,580,540

  • 10c · Land, buildings and equipment, net

    beginning of year $17,028,033 · end of year $16,550,809

  • 25 · Other liabilities

    beginning of year $16,660,000 · end of year $16,660,000

  • 27 · Net assets without donor restrictions

    beginning of year $746,239 · end of year -$14,589

Mission and programs · 2024

Mission

To support the operations and purposes of Athol Memorial Hospital, including leasing land, constructing a new medical office building and emergency room, purchasing equipment and leasing office space to medical offices.

Activities or mission (Part I)

To support the operations and purposes or Athol Memorial Hospital, including leasing land, constructing a new medical office building and emergency department, and purchasing equipment.

  • The specific purpose of the corporation is limited to the support of the operations and purposes of Athol Memorial Hospital, a MA non-profit tax-exempt hospital. Such support shall include (I) leasing land from AMH, (II) designing, permitting, and constructing a new medical office building on the land, comprised of an emergency department, physician practice space and lobby. Additional commercial office space, parking areas adjacent to the MOB, and utilities and other infrastructure. (III) Renovating the AMH Imaging Department, (IV) acquiring certain medical equipment, (V) leasing the ED, physician practice space, the parking areas and equipment to AMH, (VI) leasing the additional office space and parking areas to a non-profit, tax-exempt corporation, and (VII) all other purposes permitted by law that further the corporation's support of AMH.

    Revenue $154,053

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rozanna Penney

    President/CEO

    Total calculated
    $653,352
    From this org
    $0
    From related orgs
    $643,675
    Other
    $9,677
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,933 related
    Bonus
    $0 + $150,666 related
    Other
    $0 + $1,076 related
    Deferred
    $0 + $9,677 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $653,352 related
  • John Bujak

    CFO

    Total calculated
    $415,880
    From this org
    $0
    From related orgs
    $379,283
    Other
    $36,597
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,208 related
    Bonus
    $0 + $45,075 related
    Other
    $0
    Deferred
    $0 + $4,038 related
    Nontaxable benefits
    $0 + $32,559 related
    Filer's total
    $0 + $415,880 related
  • Robert Chauvin

    Chairman

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Roy Lake

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • JoAnne Parks

    Clerk

    Total calculated
    $0
    Hours/week
    0.2 + 1.4 related
  • Cheney Castine Esq

    Treasurer

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Joyce Fletcher

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Glenn Hunt

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Thomas Kane

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Melissa Maranda

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Phani Molakatalla MD

    Trustee/Gastroenterology Physician

    Total calculated
    $707,032
    From this org
    $0
    From related orgs
    $657,589
    Other
    $49,443
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $646,988 related
    Bonus
    $0
    Other
    $0 + $10,601 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $37,943 related
    Filer's total
    $0 + $707,032 related
  • Nicole Moorshead

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Craig Napolitano MD

    Trustee

    Total calculated
    $640,922
    From this org
    $0
    From related orgs
    $601,027
    Other
    $39,895
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $482,648 related
    Bonus
    $0 + $118,379 related
    Other
    $0
    Deferred
    $0 + $7,335 related
    Nontaxable benefits
    $0 + $32,560 related
    Filer's total
    $0 + $640,922 related
  • Tina Sbrega

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Joel Shaughnessy

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • John Skrzypczak MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • David Spackman

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Frank Sweeney MD

    Trustee

    Total calculated
    $26,941
    From this org
    $0
    From related orgs
    $26,941
    Other
    $0
    Hours/week
    0.2 + 1.2 related
  • Craig Twohey

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Elizabeth Nottleson

    Past Trustee/Family Practice Physician

    Total calculated
    $400,198
    From this org
    $0
    From related orgs
    $362,097
    Other
    $38,101
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,089 related
    Bonus
    $0 + $37,225 related
    Other
    $0 + $14,783 related
    Deferred
    $0 + $5,858 related
    Nontaxable benefits
    $0 + $32,243 related
    Filer's total
    $0 + $400,198 related
  • Francis Garofalo

    Past Trustee

    Total calculated
    $568,995
    From this org
    $0
    From related orgs
    $547,892
    Other
    $21,103
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,729 related
    Bonus
    $0 + $9,290 related
    Other
    $0 + $18,873 related
    Deferred
    $0 + $8,741 related
    Nontaxable benefits
    $0 + $12,362 related
    Filer's total
    $0 + $568,995 related
  • Al Rose

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 1.2 related
  • Thomas Sullivan

    Past President/CEO

    Total calculated
    $366,433
    From this org
    $0
    From related orgs
    $365,473
    Other
    $960
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,240 related
    Bonus
    $0
    Other
    $0 + $10,233 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $960 related
    Filer's total
    $0 + $366,433 related
  • Erin O'Hara MD

    Past Trustee

    Total calculated
    $634,209
    From this org
    $0
    From related orgs
    $596,161
    Other
    $38,048
    Hours/week
    0.2 + 41.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,101 related
    Bonus
    $0 + $119,669 related
    Other
    $0 + $391 related
    Deferred
    $0 + $489 related
    Nontaxable benefits
    $0 + $37,559 related
    Filer's total
    $0 + $634,209 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
Henry Heywood Memorial Hospital, a related organization, uses the following methods to establish the compensation of the Organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Written employment contract - Compensation survey or study - Approval by the board or compensation committee

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • Shields Imaging at Heywood Healthcare LLC

    Imaging Services · MA

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202602269349301510

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