Holyoke Medical Center Inc
84% goes to programs $0 to raise $100 Growing revenue
Holyoke Medical Center Inc is a 501(c)(3) organization based in Holyoke, Massachusetts, registered in 1985, with $266,145,557 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
575 Beech St, Holyoke, MA, 01040 EIN 22-2520073 Since 1985
Revenue (FY2023)
$266.1M
▲ 8.4% vs prior year
Health median: $840K
Expenses (FY2023)
$264.7M
Net assets
$39.5M
Employees
2,078
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% 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 Holyoke Medical Center Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +1% 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 Holyoke Medical Center Inc: 2 mo reserves · +1% margin earns a B 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 Holyoke Medical Center Inc: 6 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 Holyoke Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Acute care hospital, providing medical and other healthcare services to residents of holyoke, ma and the surrounding areas.
Contact & location
- Address
- 575 Beech St, Holyoke, MA, 01040
- City
- Holyoke
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $128.5M (FY2013) to $266.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $89.9MNet assets $39.5M
Operating margin
0.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$129.3M
Total liabilities
$89.9M
Net assets
$39.5M
Salaries & benefits
$159.8M
60% of expenses
Board members
13
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $266,145,557▲8.4% | $264,667,624▲6.5% | $39,460,872▼3.2% | $129,344,658▲4.7% | 990 |
| 2022 | $245,542,484▲11.5% | $248,612,084▲13.4% | $40,764,125▲20.8% | $123,522,026▲8.6% | 990 |
| 2021 | $220,302,598▲9.5% | $219,173,615▲12.1% | $33,740,439▲220% | $113,711,951▲0.3% | 990 |
| 2020 | $201,172,148▲1.5% | $195,574,305▲8.8% | $10,536,535▲197% | $113,328,179▲4.5% | 990 |
| 2019 | $198,185,895▲8.3% | $179,746,997▲1.1% | -$10,819,550▲34.1% | $108,442,188▲19.7% | 990 |
| 2018 | $182,957,828▲7.0% | $177,738,751▲7.6% | -$16,414,038▼1708% | $90,627,521▲4.3% | 990 |
| 2017 | $170,946,790▲8.0% | $165,150,249▲7.2% | -$907,995▲91.5% | $86,879,444▲0.1% | 990 |
| 2016 | $158,340,775▲7.7% | $154,060,937▲8.9% | -$10,702,925▲32.8% | $86,798,346▲4.7% | 990 |
| 2015 | $147,027,421▲12.9% | $141,453,910▲12.1% | -$15,916,074▼15.3% | $82,908,525▲22.2% | 990 |
| 2014 | $130,177,168▲1.3% | $126,136,761▲3.3% | -$13,805,832▼447% | $67,874,221▲4.4% | 990 |
| 2013 | $128,490,558 | $122,084,038▲4.9% | $3,974,069▼54.0% | $64,985,353▼0.2% | 990 |
| 2012 | — | $116,344,848▼4.0% | $8,639,008▲321% | $65,122,039▲0.8% | 990 |
| 2011 | — | $121,209,712▲2.2% | -$3,914,426▲55.2% | $64,629,768▲8.2% | 990 |
| 2010 | — | $118,547,156▲2.6% | -$8,742,020▼455% | $59,730,420▲5.2% | 990 |
| 2009 | — | $115,502,508 | $2,465,906 | $56,761,214 | 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: Andrey Pavlov Md — $962,720 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrey Pavlov Md | Pulmonologist | 50 | $962,720 |
| Noah J Epstein Md | Orthopedic Surgeon | 50 | $950,463 |
| Alexander Berry Md | Urologist | 50 | $922,932 |
| Marc J Zerbe Md | Obstetrician/gynecologist | 50 | $847,071 |
| Nirav R Sheth Md | Cardiologist | 50 | $798,976 |
| Simon Ahtaridis Md | Director/medical Director | 50 | $373,911 |
| John Mazzucco Md | Director/general Surgeon | 50 | $360,713 |
| Daniel Mcintire | Director (end 2/2024) | 0.5 | — |
| Dean Vitarisi | Treasurer & Cfo | 40 | — |
| Gary Rome | Director (start 2/2024) | 0.5 | — |
| George Timmons Phd | Director (start 2/2024) | 0.5 | — |
| Idelia Smith | Director | 0.5 | — |
| John Hazen | Director (end 2/2024) | 0.5 | — |
| Julie A Beck Md | Director (start 2/2024) | 0.5 | — |
| Mary Jo Maydew | Director | 0.5 | — |
| Michael Marcotte | Vice Chair (end 2/2024) | 1 | — |
| Michael Sugrue | Director/vice Chair (start 2/2024) | 1 | — |
| Sara Lawrence | Director (end 2/2024) | 0.5 | — |
| Shannon Gurek | Director | 0.5 | — |
| Spiridon E Hatiras | President & Ceo, Clerk | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Valley Health Systems Inc | Management Services | $3,060,785 |
| Unidine Corporation | Cafeteria Staffing | $2,334,013 |
| Med-metrix LLC | Billing Services | $2,254,900 |
| Aya Healthcare Inc | Staffing Services | $1,978,035 |
| Trimedx | Biomedical Services | $1,214,412 |
Grants received · $95K total
2 grants to Holyoke Medical Center Inc totaling $95K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Boston Medical Center Corporation | Subaward | 2021 | $48,635 |
| Boston Medical Center Corporation | Subaward | 2020 | $46,742 |
Grants made · $36K in FY2023
3 grants totaling $36K in FY2023. All grants made by Holyoke Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nueva Esperanza Inc | Charitable mission and event sponsor | $20,000 |
| Saint Patricks Parade Committee of Holyoke Incorporated | Charitable mission and event sponsor | $9,350 |
| City of Chicopee | Charitable mission and event sponsor | $7,000 |
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Frequently asked questions
- Is Holyoke Medical Center Inc a legitimate nonprofit?
- Yes. Holyoke Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2520073, based in Holyoke, Massachusetts. Donations are tax-deductible.
- What is Holyoke Medical Center Inc's EIN?
- Holyoke Medical Center Inc's Employer Identification Number (EIN) is 22-2520073.
- How much revenue does Holyoke Medical Center Inc report?
- Holyoke Medical Center Inc reported $266,145,557 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Holyoke Medical Center Inc's spending goes to programs?
- Holyoke Medical Center Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Holyoke Medical Center Inc have?
- CharityIndex grades Holyoke Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Holyoke Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Holyoke Medical Center Inc's latest Form 990 is $962,720, paid to Andrey Pavlov Md (Pulmonologist).
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Data for Holyoke Medical Center Inc (EIN 22-2520073) 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.