Baystate Medical Practices Inc
95% goes to programs $0 to raise $100 Thin reserves
Baystate Medical Practices Inc is a 501(c)(3) organization based in Springfield, Massachusetts, registered in 1986, with $444,871,496 in FY2023 revenue. CharityIndex grades it C+, and it directs about 95% of spending to programs.
759 Chestnut St, Springfield, MA, 01199 EIN 04-2888373 Since 1986
Revenue (FY2023)
$444.9M
▲ 3.7% vs prior year
Health median: $840K
Expenses (FY2023)
$601.6M
Net assets
-$47.2M
Employees
2,423
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating95% 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 Practices Inc: 95% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -35% 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 Practices Inc: 0 mo reserves · -35% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Practices Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Practices Inc: 4 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. baystate medical practices vision states it will be the multi-specialty group practice of choice, known for exception service, quality, value and academic leadership.
Contact & location
- Address
- 759 Chestnut St, Springfield, MA, 01199
- City
- Springfield
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $236.6M (FY2013) to $444.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $146.3MNet assets -$47.2M
Operating margin
-35.2%
Spent more than it raised in the latest fiscal year.
Total assets
$99.1M
Total liabilities
$146.3M
Net assets
-$47.2M
Salaries & benefits
$472.8M
79% of expenses
Board members
21
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $444,871,496▲3.7% | $601,597,628▲17.1% | -$47,204,305▼20.9% | $99,089,827▲18.6% | 990 |
| 2022 | $429,126,283▲4.7% | $513,633,657▲4.7% | -$39,042,085▲19.0% | $83,548,977▲26.8% | 990 |
| 2021 | $409,706,387▲4.9% | $490,392,035▲9.0% | -$48,184,435▼131% | $65,911,204▼11.9% | 990 |
| 2020 | $390,418,446▲14.3% | $449,857,100▲12.7% | -$20,855,495▲58.3% | $74,830,702▲6.0% | 990 |
| 2019 | $341,587,229▲3.5% | $399,310,803▲5.5% | -$49,979,374▼13.7% | $70,580,810▲18.3% | 990 |
| 2018 | $330,090,114▲7.4% | $378,586,044▲7.9% | -$43,962,808▼56.1% | $59,671,048▲15.7% | 990 |
| 2017 | $307,387,726▲6.5% | $350,938,072▲6.3% | -$28,158,590▲32.3% | $51,574,022▲3.1% | 990 |
| 2016 | $288,663,779▲9.7% | $330,218,304▲10.8% | -$41,575,029▲23.2% | $50,023,885▲15.4% | 990 |
| 2015 | $263,025,111▼1.2% | $297,917,099▲3.7% | -$54,162,650▼5.1% | $43,356,086▼10.2% | 990 |
| 2014 | $266,313,985▲12.6% | $287,166,784▲9.2% | -$51,556,315▼11.5% | $48,284,355▲17.1% | 990 |
| 2013 | $236,573,335 | $263,068,965▲9.2% | -$46,233,709▼33.1% | $41,248,222▲19.5% | 990 |
| 2012 | — | $240,849,353▲1.9% | -$34,737,529▲39.0% | $34,504,128▲19.5% | 990 |
| 2011 | — | $236,297,156▲6.8% | -$56,948,773▼13.4% | $28,870,300▲3.6% | 990 |
| 2010 | — | $221,151,017▲52.9% | -$50,236,573▼33.9% | $27,863,501▲8.8% | 990 |
| 2009 | — | $144,679,908 | -$37,511,220 | $25,611,499 | 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: Dennis Oh Md — $2,339,269 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dennis Oh Md | Chief Div of Neurosurgery | 50 | $2,339,269 |
| Andrew Artenstein Md | President Bmp/cpe, Cao | 43 | $1,284,349 |
| Raymond Mccarthy | Director/svp, Cfo & Treasurer Bh | 3 | $1,181,243 |
| Nicolas Jabbour Md | Director/chair Dept. of Surgery | 43 | $1,026,932 |
| Samuel Skura | Dir./pres Bmc Svp Hospital Ops | 10 | $1,016,222 |
| Anthony Rousou Md | Cardiac Surgeon | 50 | $914,251 |
| Siavash Saadat Md | Cardiac Surgeon | 50 | $908,796 |
| Robert Schapiro Md | Neurosurgeon | 50 | $903,298 |
| Leslie Lyness Md | Neurosurgeon | 50 | $880,823 |
| Heather Sankey Md | Director/chair Dept. of Ob/gyn | 50 | $708,360 |
| Ronald P Bryant | Dir./president, Bh Community Hospitals | 1 | $690,386 |
| Niels Rathlev Md | Dir./physicians, Emergency Services | 50 | $674,762 |
| Sarah Haessler Md | Dir./chair Dpt Med Bh/umms | 50 | $638,040 |
| Charlotte Boney Md | Dir./chair Dept of Pediatrics | 50 | $635,432 |
| Ashraf Khan Md | Dir./chair Dept of Pathology | 50 | $633,046 |
| Betty K Larue | Coo-bmp/vp-bh, Ambulatory Ops | 40 | $577,350 |
| Kevin Hinchey Md | Ex-off Dir.(thru 9/30/24)/ceo Bh & Dio | 40 | $569,897 |
| Keisha Jones Md | Dir.(as of 1/1/24)/chief Urogynecology | 50 | $569,168 |
| Barry Sarvet Md | Dir./chair Dept of Psychiatry | 50 | $557,463 |
| Edward Feldmann Md | Dir.(thru 6/3/24)/vp Mdir Neurosciences | 50 | $542,254 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Valley Medical Group | Physician Services | $39,052,717 |
| Baystate Obgyn Group | Physician Services | $8,777,081 |
| Springfield Medical Associates | Physician Services | $7,610,446 |
| Baystate Administrative Services | Management Services | $6,125,585 |
| Baystate Medical Center | Physician Support Services | $5,920,404 |
Grants received · $205K total
4 grants to Baystate Medical Practices Inc totaling $205K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Upstream USA Inc | Reproductive health program training | 2024 | $7,375 |
| Rockefeller Philanthropy Advisors Inc | Support | 2016 | $44,185 |
| Rockefeller Philanthropy Advisors Inc | Support | 2015 | $41,583 |
| Boston Medical Center Corporation | Subaward | 2014 | $111,785 |
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Compare Baystate Medical Practices Inc
Frequently asked questions
- Is Baystate Medical Practices Inc a legitimate nonprofit?
- Yes. Baystate Medical Practices Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2888373, based in Springfield, Massachusetts. Donations are tax-deductible.
- What is Baystate Medical Practices Inc's EIN?
- Baystate Medical Practices Inc's Employer Identification Number (EIN) is 04-2888373.
- How much revenue does Baystate Medical Practices Inc report?
- Baystate Medical Practices Inc reported $444,871,496 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Baystate Medical Practices Inc's spending goes to programs?
- Baystate Medical Practices Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Baystate Medical Practices Inc have?
- CharityIndex grades Baystate Medical Practices Inc C+, based on program efficiency and fundraising cost.
- How much does Baystate Medical Practices Inc's highest-paid employee make?
- The highest reported compensation on Baystate Medical Practices Inc's latest Form 990 is $2,339,269, paid to Dennis Oh Md (Chief Div of Neurosurgery).
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Data for Baystate Medical Practices Inc (EIN 04-2888373) 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.