Baystate Medical Center Inc
93% goes to programs $0 to raise $100 Strong reserves
Baystate Medical Center Inc is a 501(c)(3) organization based in Springfield, Massachusetts, registered in 1983, with $1,815,067,023 in FY2023 revenue. CharityIndex grades it A+, and it directs about 93% of spending to programs.
759 Chestnut St, Springfield, MA, 01199 EIN 04-2790311 Since 1983
Revenue (FY2023)
$1.8B
▲ 3.5% vs prior year
Health median: $840K
Expenses (FY2023)
$1.8B
Net assets
$940.3M
Employees
11,035
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Baystate Medical Center Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Baystate Medical Center Inc: 6 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Baystate Medical Center Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Baystate Medical Center Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of the organization is to improve the health of the people in our communities every day, with quality and compassion.
What they do
Outpatient healthcare services - providing outpatient clinical services to the surrounding region. services are available to individuals regardless of their ability to pay. during fy24, baystate medical center, inc. had 346,127 outpatient visits.
Emergency department services - providing emergency department services to the surrounding region. services are available to individuals regardless of their ability to pay. during fy24, baystate medical center, inc. had 111,652 emergency department visits.
Providing pharmacy and support services to the surrounding region. services available to individuals regardless of their ability to pay.
Contact & location
- Address
- 759 Chestnut St, Springfield, MA, 01199
- City
- Springfield
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.1B (FY2013) to $1.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $728.4MNet assets $940.3M
Operating margin
2.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$728.4M
Net assets
$940.3M
Salaries & benefits
$729.7M
41% of expenses
Board members
21
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,815,067,023▲3.5% | $1,771,546,779▲2.2% | $940,260,984▲23.8% | $1,668,673,390▲3.8% | 990 |
| 2022 | $1,753,545,483▲2.2% | $1,733,861,517▲3.3% | $759,633,306▼4.2% | $1,607,948,248▲3.8% | 990 |
| 2021 | $1,716,317,740▲6.9% | $1,677,994,961▲11.8% | $792,812,340▼26.0% | $1,548,788,530▼19.9% | 990 |
| 2020 | $1,604,941,767▲8.7% | $1,500,325,962▲9.2% | $1,071,276,800▲25.1% | $1,934,108,608▲3.3% | 990 |
| 2019 | $1,475,823,051▲6.2% | $1,373,993,328▲8.2% | $856,433,123▲2.1% | $1,871,742,208▲32.8% | 990 |
| 2018 | $1,389,295,156▲5.4% | $1,270,186,504▲6.1% | $839,037,288▲1.4% | $1,409,569,704▲3.4% | 990 |
| 2017 | $1,317,964,551▲6.0% | $1,197,406,017▲4.3% | $827,683,893▲8.2% | $1,362,808,541▲1.7% | 990 |
| 2016 | $1,242,909,297▲1.9% | $1,147,646,441▲3.0% | $764,723,070▲12.1% | $1,339,784,677▲0.7% | 990 |
| 2015 | $1,220,153,232▲3.0% | $1,114,277,385▲4.1% | $681,946,745▲3.0% | $1,329,927,264▲5.4% | 990 |
| 2014 | $1,185,088,513▲10.9% | $1,069,917,583▲9.4% | $661,929,289▼3.8% | $1,261,866,305▲2.2% | 990 |
| 2013 | $1,068,801,920 | $977,935,524▲6.2% | $688,391,241▲6.5% | $1,235,290,181▲3.9% | 990 |
| 2012 | — | $920,880,025▲4.4% | $646,088,655▲27.6% | $1,188,880,088▲4.3% | 990 |
| 2011 | — | $882,431,548▲4.2% | $506,196,137▲11.1% | $1,139,431,156▲10.2% | 990 |
| 2010 | — | $846,618,994▲3.2% | $455,509,220▼0.6% | $1,033,902,625▲2.9% | 990 |
| 2009 | — | $820,245,948 | $458,468,345 | $1,004,860,958 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kevin P Moriarty Md — $772,803 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin P Moriarty Md | Trustee (thru 12/31/23)/chief Ped Surgery | 1 | $772,803 |
| Wayne Duke Md | Trustee/associate Pathologist | 50 | $517,957 |
| Peter Friedmann Md | Assoc Dean Chief Res Officer | 50 | $479,261 |
| Peter Lindenauer Md | Asst Dean Population Health | 50 | $463,358 |
| Jasmine J Paadam Md | Cis Physician Leader | 50 | $351,046 |
| Christian Lagier | Vp Digital Innovation/exec Dir of Techspring | 50 | $324,703 |
| Aaron J Michelucci | Vp Clinical Support Services | 50 | $303,464 |
| Akinyele K Lovelace Do | Trustee/per Diem Internist | 1 | $102,600 |
| Sara Rourke Md | Trustee/per Diem Urgent Care Physician | 1 | $31,250 |
| Antonio E Dos Santos | Trustee | 1 | — |
| Claudia R Coplein Do | Trustee | 1 | — |
| Colleen W Holmes | Vice Chair/trustee | 1 | — |
| Denise R Jordan | Trustee | 1 | — |
| Douglas Salvador Md | Svp/cqo Bh, Cmo Bmc | 40 | — |
| Elizabeth Cardona | Trustee (thru 12/31/23) | 1 | — |
| Harriet A Deverry | Chair/trustee | 1 | — |
| Irene Rodriguez-martin | Trustee | 1 | — |
| James R Phaneuf | Trustee (thru 12/31/23) | 1 | — |
| Joanne Miller | Vp/chief Nursing Officer | 50 | — |
| Julie Quink | Trustee (as of 1/1/24) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Baystate Administrative Services In | Management Services | $100,364,814 |
| Baystate Medical Practices Inc | Medical, Educational & Clinical Services | $93,413,901 |
| Shiftwise | Contract Services | $37,234,620 |
| Shields Specialty Pharmacy | Management Services | $17,607,904 |
| Labcorp of America | Management Services | $5,567,208 |
Grants received · $11.6M total
100 grants to Baystate Medical Center Inc totaling $11.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cystic Fibrosis Foundation | Training | 2024 | $66,990 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $63,210 |
| American Online Giving Foundation Inc | General support | 2024 | $52,070 |
| Vanderbilt University Medical Center | Research | 2023 | $556,622 |
| Holyoke Health Center Inc | Outpatient services | 2023 | $402,050 |
| Boston Medical Center Corporation | Subaward | 2023 | $291,965 |
| Northwestern University | Support of research activities | 2023 | $147,383 |
| Trustees of Tufts College | Subcontract grant award | 2023 | $68,774 |
| Cystic Fibrosis Foundation | Cf care center | 2023 | $62,240 |
| American Online Giving Foundation Inc | General support | 2023 | $51,500 |
| University of Pittsburgh | Research- subcontract | 2023 | $41,070 |
| New York Medical College | Research | 2023 | $28,318 |
| University of Chicago | Subaward | 2023 | $16,914 |
| Johns Hopkins University | Sub-award | 2023 | $12,752 |
| Yale University | Subaward - sponsored research | 2023 | $11,825 |
Grants made · $8.9M in FY2023
22 grants totaling $8.9M in FY2023 — showing the 15 largest. All grants made by Baystate Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Baystate Health Inc | Strategic initiatives | $7,797,644 |
| Community Adolescent Resources and Education Center Inc | Better together community benefits grant for cabot street college, in partnership with greenfield community college, offering a year-round series of three-credit college courses. | $200,000 |
| Town of Ware | Better together community benefits grant for quaboag region engaging youth in education to employment initiative | $134,000 |
| Westfield State University | Better together community benefits grant for healthcare career navigator initiative | $130,490 |
| Partners For A Healthier Community Inc | Community benefit grant to support 413cares (online community resource database) | $100,000 |
| Partners For A Healthier Community Inc | Evaluation and technical assistance support of better together community benefit grantees | $90,255 |
| Heartwing Center Inc | Better together community benefits grant for director of policy, advocacy and development | $75,366 |
| New North Citizens Council | Better together community benefits grant for project coach | $45,500 |
| Community Adolescent Resources and Education Center Inc | Better together community benefits grant for bard microcollege holyoke, the nation's first college for young mothers and low-income women. | $40,000 |
| The Food Bank of Western Massachusetts Inc | Better together community benefits grant for food insecurity screening and referral initiative (fisri)-westfield food insecurity referral program | $35,209 |
| Mental Health Association Inc | Better together community benefits grant for substance use recovery coach | $28,166 |
| Springfield Pride Parade | Better together community benefits grant for safe space program (youth mental health and well-being initiative) | $25,000 |
| Follow My Steps Foundation Inc | Better together community benefits grant for steps to empowerment program (youth mental health and well-being initiative) | $25,000 |
| Latino Counseling Center Inc | Better together community benefits grant for mindful connections/conexiones conscientes (youth mental health and well-being initiative) | $25,000 |
| Martin Luther King Jr Family Services Inc | Better together community benefits grant for beat the odds initiative (youth mental health and well-being initiative) | $25,000 |
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Compare Baystate Medical Center Inc
Frequently asked questions
- Is Baystate Medical Center Inc a legitimate nonprofit?
- Yes. Baystate Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2790311, based in Springfield, Massachusetts. Donations are tax-deductible.
- What is Baystate Medical Center Inc's EIN?
- Baystate Medical Center Inc's Employer Identification Number (EIN) is 04-2790311.
- How much revenue does Baystate Medical Center Inc report?
- Baystate Medical Center Inc reported $1,815,067,023 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Baystate Medical Center Inc's spending goes to programs?
- Baystate Medical Center Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Baystate Medical Center Inc have?
- CharityIndex grades Baystate Medical Center Inc A+, based on program efficiency and fundraising cost.
- How much does Baystate Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Baystate Medical Center Inc's latest Form 990 is $772,803, paid to Kevin P Moriarty Md (Trustee (thru 12/31/23)/chief Ped Surgery).
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Data for Baystate Medical Center Inc (EIN 04-2790311) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.