Lahey Clinic Hospital Inc is a 501(c)(3) organization based in Burlington, Massachusetts, registered in 1994, with $1,228,137,032 in FY2023 revenue. CharityIndex grades it C, and it directs about 86% of spending to programs.
Revenue (FY2023)
$1.2B
▲ 6.3% vs prior year
Health median: $840K
Expenses (FY2023)
$1.1B
Net assets
$371.2M
Employees
5,927
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Lahey Clinic Hospital Inc: 86% to programs · $3370 to raise $100 earns a F on this criterion. See the exact thresholds →
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 Lahey Clinic Hospital Inc: 4 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
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 Lahey Clinic Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Lahey Clinic Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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See schedule o
Inpatient services lhmc provides high quality inpatient care in the areas of general medicine and critical care & surgery. the burlington campus has a licensed complement of 335 beds, including 283 medical/surgical beds, 44 intensive care beds, and 8 coronary care beds. medical/surgical patient accommodations are all single-bed rooms located in nine inpatient units. critically ill patients are cared for either in the medical intensive care unit, the cardiac intensive care unit or the surgical intensive care unit. lahey medical center, peabody, has a licensed complement of 10 inpatient medical/surgical beds.the burlington campus maintains 22 operating suites and the peabody campus maintains 5 operating suites. the surgical staff specializes in procedures such as liver and kidney transplants, major surgery of the digestive organs, cardiac and pulmonary systems, total joint replacements, colon and rectal surgery, minimally invasive surgical techniques including robotic surgery, and urologic, neurosurgical and laser procedures, among others.the liver transplantation team at lhmc was the first in new england to perform adult living-donor transplant procedures. today, surgeons use advanced technology to perform minimally invasive surgery to reduce recovery time for transplant and other procedures. lhmc has one of the largest cardiovascular treatment centers in the region, providing expertise in advanced cardiology services such as angioplasty and electrophysiology. lhmc's cerebrovascular disease center is among the most advanced in the region for the treatment of strokes and brain aneurysms. lhmc is a teaching hospital of the tufts university school of medicine and sponsors and participates in residency programs for more than 15 medical specialties. as a research center, lhmc is involved in more than more than 200 clinical trial protocols and participates in numerous national and international studies. additional detail on the educational and research missions of lhmc is included in the narrative support to this form 990 schedule h. the burlington location serves more than 3,000 patients a day through our 335-inpatient hospital beds, our ambulatory care center, our 24-hour emergency department and our level i trauma center. for the period covered by this filing, lhmc performed more than 7,200 surgical cases and had approximately 24,000 inpatient discharges.
Emergency serviceslhmc includes 24-hour emergency departments in both burlington and peabody. the care team includes full-time, board-certified emergency physicians and nurses with extensive training in emergency medicine. as a teaching hospital, lhmc also trains future leaders in emergency medicine to deliver the best possible care to patients. lhmc in burlington is the only level i trauma center north of boston, with specially trained clinicians and facilities ready to provide time-sensitive, critical care for hundreds of thousands of people in our region. in 2017, lhmc opened the doors to a new state-of-the-art emergency department in burlington, offering advanced emergency care in a facility built specifically to meet the needs of the communities served by the hospital. the new expanded facility is the result of extensive research and planning and features 36 private patient rooms, an advanced imaging suite for ct scans and x-rays, four trauma bays, and three private exam rooms for patients in need of behavioral health services as well as enhanced infection and decontamination areas and a fast track triage area that provides improved access to care and less time spent in the waiting room.in addition, the hospital's peabody emergency department is the only emergency room and hospital in peabody. the facility is open 24 hours a day, 7 days a week, and is staffed by specialty-trained emergency medicine personnel. for the period covered by this filing, lhmc saw more than 66,000 emergency room visits.
Other accomplishmentsthrough the hospital's community benefits program, the or
Revenue grew from $828.6M (FY2013) to $1.2B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$627.0M
Total liabilities
$255.9M
Net assets
$371.2M
Salaries & benefits
$490.3M
43% of expenses
Board members
24
12 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,228,137,032▲6.3% | $1,141,953,647▲5.5% | $371,192,330▲945668% | $627,046,976▲182% | 990 |
| 2022 | $1,155,412,856▲8.7% | $1,082,538,400▲3.3% | -$39,256▼100% | $222,263,676▼21.7% | 990 |
| 2021 | $1,062,540,895▼5.5% | $1,047,777,307▼0.8% | $24,074,375▼75.6% | $284,026,623▼33.3% | 990 |
| 2020 | $1,124,042,719▲8.5% | $1,056,326,273▲9.1% | $98,561,490▲10.4% | $425,737,804▼3.1% | 990 |
| 2019 | $1,036,261,688▼4.8% | $967,895,788▼1.0% | $89,271,289▼29.9% | $439,333,881▲70.9% | 990 |
| 2018 | $1,088,662,930▲7.6% | $977,796,467▲3.4% | $127,341,237▲2048% | $257,027,660▲13.1% | 990 |
| 2017 | $1,011,758,197▲6.4% | $945,982,162▲1.5% | -$6,538,022▼104% | $227,311,528▼70.7% | 990 |
| 2016 | $950,575,748▲3.2% | $931,974,681▲6.9% | $156,682,278▲56.2% | $775,089,289▼2.0% | 990 |
| 2015 | $921,276,779▲10.0% | $872,060,595▲8.2% | $100,313,568▼29.0% | $790,763,081▲6.6% | 990 |
| 2014 | $837,646,994▲1.1% | $806,224,957▲6.1% | $141,256,041▼10.7% | $741,840,702▲0.4% | 990 |
| 2013 | $828,594,993 | $760,157,159▲3.4% | $158,262,243▼0.1% | $739,224,466▲73.3% | 990 |
| 2012 | — | $734,843,795▲0.1% | $158,461,910▲325% | $426,599,861▲8.6% | 990 |
| 2011 | — | $734,410,383▲5.6% | -$70,385,468▼10.2% | $392,952,442▲26.4% | 990 |
| 2010 | — | $695,603,065▲4.1% | -$63,895,717▲18.6% | $310,851,110▲26.0% | 990 |
| 2009 | — | $667,902,540 | -$78,532,580 | $246,798,315 | 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.
Highest-paid: Moffatt-bruce Md Phd Susan — $1,142,266 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Moffatt-bruce Md Phd Susan | President & Trustee | 55 | $1,142,266 |
| Stain Md Steven | Chair, Surgery Department | 55 | $939,112 |
| Mosenthal Md Anne | Trustee; Chief Academic Officer | 55 | $847,816 |
| Liesching Md Timothy | Sr. Vp and Chief Medical Officer | 55 | $713,219 |
| Keitz Md Sheri | Chair of Department of Medicine | 55 | $635,285 |
| Baciarelli Renato Val | Interim Svp, Coo | 55 | $599,877 |
| Bennett Kevin | Frmr Asst Treas (ex-off) & Cfo | 0 | $535,325 |
| Lew John | Vp, Human Resources Business Partner | 55 | $461,764 |
| Galvin Rn Msn Tracy A | Frmr Svp, Cno, Lhmc | 0 | $461,468 |
| Senarian Emily | Vp Med Svcs & Ambulatory Performance | 55 | $412,087 |
| Bowen-benitich Mba Brigitte | Vp Surgical Services | 55 | $405,496 |
| Robinson Mph Mba Jason | Vp Hospital Svcs & Academic Affairs | 55 | $396,618 |
| Sackos Tara | Rapid Response, Registered Nurse | 55 | $364,266 |
| Cantrell Paul | Vp, Planning, Design, & Construction | 55 | $328,162 |
| Cirino Eileen | Lead Physicist, Treatmt Plan, Radonc | 55 | $319,317 |
| Stapleton Md Thomas | Chief Perfusion Cardiothoracic Surg | 55 | $311,985 |
| Killilea Ann | Patient Flow Coordinator | 55 | $311,964 |
| Waleyko Genovaite | Registered Nurse, Tertiary Care | 55 | $307,078 |
| Fantasia Msn Rn Lesley | Interim Chief Nursing Officer | 55 | $278,032 |
| Connelly CPA Mba Michael | Asst Treas (ex-off) & Cfo | 55 | $239,929 |
| Contractor | Services | Paid |
|---|---|---|
| Beth Israel Lahey Health Inc | Professional & Other Services | $485,621,387 |
| Amerisourcebergen Drug Corp | Pharmaceutical & Healthcare Svcs | $62,250,790 |
| Healthcare Workforce Logistics LLC | Staffing Services | $31,895,805 |
| Fidelity Investments Institutional | Employee Retirement Benefit Svcs | $16,719,139 |
| Cardinal Valuelink | Distribution Services | $13,818,197 |
39 grants to Lahey Clinic Hospital Inc totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Atlantic Health System Inc | General support | 2024 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $50,000 |
| Community Foundation For Southeast Michigan | Health care | 2023 | $20,000 |
| Beth Israel Deaconess Medical Center Inc | Research subcontract | 2023 | $11,989 |
| Donor Advised Charitable Giving | Health | 2023 | $10,950 |
| Northwestern University | Support of research activities | 2023 | $5,704 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $76,000 |
| Donor Advised Charitable Giving | Health | 2022 | $51,150 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical | 2022 | $5,500 |
| American Endowment Foundation | Health, general | 2022 | $5,000 |
| Beth Israel Deaconess Medical Center Inc | Research- subaward | 2021 | $55,366 |
| Donor Advised Charitable Giving | Health | 2021 | $21,196 |
| Community Foundation For Southeast Michigan | General operations | 2021 | $15,000 |
| American Online Giving Foundation Inc | General support | 2021 | $11,156 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $51,500 |
20 grants totaling $8.7M in FY2023 — showing the 15 largest. All grants made by Lahey Clinic Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Beth Israel Lahey Health Specialty Care Inc | Access to primary and/or specialty care | $7,572,347 |
| Town of Burlington | Care access and/or to address other identified community health needs | $322,660 |
| Community Teamwork Inc | Care access and/or to address other identified community health needs | $164,643 |
| City of Peabody | Care access and/or to address other identified community health needs | $110,000 |
| Young Mens Christian Association of Metro North Inc | Care access and/or to address other identified community health needs | $104,340 |
| Greater Lowell Health Alliance of Chna 10 Inc | Care access and/or to address other identified community health needs | $78,344 |
| Town of Burlington - Council On Aging | Food and farm sustainability | $55,500 |
| Physician Health Services Inc | Care access and/or to address other identified community health needs | $30,000 |
| Housing Corporation of Arlington | Care access and/or to address other identified community health needs | $30,000 |
| Saheli Inc | Care access and/or to address other identified community health needs | $30,000 |
| Mill City Grows Inc | Care access and/or to address other identified community health needs | $25,000 |
| Citizens Inn Inc | Care access and/or to address other identified community health needs | $25,000 |
| Young Mens Christian Association of Greater Boston Inc | Care access and/or to address other identified community health needs | $22,544 |
| Minuteman Senior Services Inc | Care access and/or to address other identified community health needs | $22,090 |
| Lowell Community Health Center Inc | Care access and/or to address other identified community health needs | $20,000 |
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Data for Lahey Clinic Hospital Inc (EIN 04-2704686) 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.