Spectrum Health Systems Inc
86% goes to programs $12 to raise $100 Strong reserves Growing revenue
Spectrum Health Systems Inc is a 501(c)(3) organization based in Westborough, Massachusetts, registered in 1971, with $124,377,396 in FY2024 revenue. CharityIndex grades it C+, and it directs about 86% of spending to programs.
149 Oak St, Westborough, MA, 01581 EIN 04-2478978 Since 1971
Revenue (FY2024)
$124.4M
▲ 0.6% vs prior year
Mental Health median: $333K
Expenses (FY2024)
$101.0M
Net assets
$184.7M
Employees
1,522
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
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 →DProgram efficiency40% of the rating86% to programs · $12 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 Spectrum Health Systems Inc: 86% to programs · $12 to raise $100 earns a D on this criterion. See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +19% 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 Spectrum Health Systems Inc: 22 mo reserves · +19% 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 Spectrum Health Systems 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 Spectrum Health Systems Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide the highest quality of services to individuals seeking treatment for substance abuse and/or mental health issues. we assist our clients in achieving sobriety, sustaining recovery and fulfilling personal goals.
What they do
Outpatient substance abuse services - provides ongoing counseling and narcotics treatment such as methadone and suboxone, in addition to services such as driver alcohol awareness, batterer intervention, peer recovery and drug free counseling. serving nearly 2,500 individuals on any given day.
Inpatient substance abuse services - provides substance abuse treatment and counseling in various residential and detox settings. serving nearly 220 individuals on any given day.
Adolescent services/community partnership services/other miscellaneous
Contact & location
- Address
- 149 Oak St, Westborough, MA, 01581
- City
- Westborough
- State
- Massachusetts
- Subcategory
- Mental Health Treatment
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $56.1M (FY2013) to $124.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18.1MNet assets $184.7M
Operating margin
18.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$202.8M
Total liabilities
$18.1M
Net assets
$184.7M
Salaries & benefits
$77.3M
76% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $124,377,396▲0.6% | $101,049,675▲12.5% | $184,680,243▲18.1% | $202,756,626▲17.5% | 990 |
| 2023 | $123,600,492▲11.4% | $89,818,827▲5.0% | $156,363,643▲33.7% | $172,612,942▲28.3% | 990 |
| 2022 | $110,947,466▲11.2% | $85,549,196▲4.7% | $116,988,298▲34.5% | $134,545,623▲34.8% | 990 |
| 2021 | $99,816,707▲2.4% | $81,690,090▲7.7% | $86,982,664▲19.1% | $99,799,670▲14.0% | 990 |
| 2020 | $97,478,022▲14.3% | $75,814,765▲0.6% | $73,009,593▲43.9% | $87,563,287▲32.7% | 990 |
| 2019 | $85,319,539▲13.3% | $75,329,813▲11.0% | $50,721,395▲24.5% | $65,962,191▲24.6% | 990 |
| 2018 | $75,335,569▲12.0% | $67,867,442▲6.0% | $40,732,594▲22.5% | $52,948,859▲15.8% | 990 |
| 2017 | $67,273,763▼2.1% | $63,999,374▼12.3% | $33,263,043▲11.0% | $45,708,968▲4.9% | 990 |
| 2016 | $68,692,870▼1.5% | $72,954,236▲7.7% | $29,965,285▼12.3% | $43,553,593▼10.6% | 990 |
| 2015 | $69,772,072▲12.9% | $67,729,365▲14.9% | $34,187,255▲6.3% | $48,693,439▲2.5% | 990 |
| 2014 | $61,820,229▲10.2% | $58,966,141▲9.4% | $32,149,280▲9.8% | $47,493,066▲35.8% | 990 |
| 2013 | $56,101,854 | $53,914,722▲8.1% | $29,289,509▲8.2% | $34,979,913▲9.4% | 990 |
| 2012 | — | $49,858,274▲8.0% | $27,071,307▲6.4% | $31,968,477▲10.2% | 990 |
| 2011 | — | $46,183,184▲4.3% | $25,453,645▲7.0% | $29,012,914▲7.6% | 990 |
| 2010 | — | $44,288,446▼1.7% | $23,779,994▲9.8% | $26,974,688▲0.9% | 990 |
| 2009 | — | $45,051,759 | $21,661,519 | $26,742,536 | 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 (FY2024)
Highest-paid: Kurt Isaacson — $416,898 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kurt Isaacson | President/ceo | 40 | $416,898 |
| Rogelio Bayog | Psychiatrist | 40 | $353,623 |
| Jeff Baxter | Cmo | 40 | $335,591 |
| Sharif Nankoe | Outpatient Medical Directo | 40 | $317,755 |
| Qaiser Khan | Psychiatrist | 40 | $312,815 |
| John Chisholm | Medical Director | 40 | $279,646 |
| Kristin Nolan | Chief Behavioral Officer | 40 | $256,360 |
| Joseph Rose | Cfo/treasurer | 40 | $249,916 |
| Lori Buszkiewicz | Program Physician | 40 | $225,543 |
| Stacy Flanagan | Chief of Human Resources | 40 | $198,494 |
| Lisa Blanchard | Chief Clinical Officer | 40 | $189,948 |
| Jonathan Miller | Chief of Information Techn | 40 | $173,660 |
| Cynthia Buraczynski | Vp of External Affairs | 40 | $153,723 |
| Christopher Petrozzi | Chief Organizational Devel | 40 | $98,216 |
| Brenda Jenkins | Trustee | 2 | — |
| Brian Garrity | Trustee | 2 | — |
| Cheryl Gallant | Chairperson | 2 | — |
| James Celestin | Trustee | 2 | — |
| Jeroan Allison | Trustee | 2 | — |
| John Renner | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nexdine LLC | Dining | $5,879,758 |
| Rp Masiello Inc | General Contractor | $3,931,672 |
| Netsmart Technologies | It Systems | $1,729,943 |
| Xendella Facilities Management | Cleaning Services | $1,220,780 |
| Asd Speciality Healthcare LLC DBA Besse | Distributor of Medication | $1,132,056 |
Grants received · $5,000 total
1 grant to Spectrum Health Systems Inc totaling $5,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Columbus Foundation | Health | 2017 | $5,000 |
Grants made · $345K in FY2024
30 grants totaling $345K in FY2024 — showing the 15 largest. All grants made by Spectrum Health Systems Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Tri-community YMCA | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| YMCA of Central Massachusetts | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| United Way of Central Massachusetts | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Alyssa's Place | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Clinton Spanish Sda Church | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Greater Waltham Recovery Solutions | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Lowell Youth Leadership Program | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Our Neighbor's Table | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Southbridge Fire Department | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| St John's Church | To support community programs that serve in the same communities that spectrum operates. | $15,000 |
| Restoration Recovery Center | To support community programs that serve in the same communities that spectrum operates. | $10,450 |
| North Star Family Services Inc | To support community programs that serve in the same communities that spectrum operates. | $10,000 |
| Safe Exit Intitative Inc | To support community programs that serve in the same communities that spectrum operates. | $10,000 |
| Safe Homes | To support community programs that serve in the same communities that spectrum operates. | $10,000 |
| Warriors of Opportunity | To support community programs that serve in the same communities that spectrum operates. | $10,000 |
Similar organizations in Mental Health
Mental Health
High Point Treatment Center
New Bedford, MA
$118.0M
Aannual revenue
Mental Health
Servicenet Inc
Northampton, MA
$105.6M
Aannual revenue
Mental Health
Advocates Inc
Framingham, MA
$160.4M
Aannual revenue
Mental Health
The May Institute Inc
Randolph, MA
$163.9M
Aannual revenue
Mental Health
Northeast Behavioral Health Corporation
Charlestown, MA
$79.0M
C+annual revenue
Mental Health
Community Counseling of Bristol County Inc
Taunton, MA
$78.6M
A+annual revenue
- Mental Health
Douglas A Thom Clinic Inc
Framingham, MA
$52.9M
Bannual revenue
Mental Health
Behavioral Health Network Inc
Springfield, MA
$205.0M
Aannual revenue
Mental Health
South Shore Mental Health Center Inc
Braintree, MA
$43.2M
Bannual revenue
Mental Health
Brien Center For Mental Health & Subtance Abuse Services
Pittsfield, MA
$33.1M
Bannual revenue
Compare Spectrum Health Systems Inc
Frequently asked questions
- Is Spectrum Health Systems Inc a legitimate nonprofit?
- Yes. Spectrum Health Systems Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2478978, based in Westborough, Massachusetts. Donations are tax-deductible.
- What is Spectrum Health Systems Inc's EIN?
- Spectrum Health Systems Inc's Employer Identification Number (EIN) is 04-2478978.
- How much revenue does Spectrum Health Systems Inc report?
- Spectrum Health Systems Inc reported $124,377,396 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Spectrum Health Systems Inc's spending goes to programs?
- Spectrum Health Systems Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Spectrum Health Systems Inc have?
- CharityIndex grades Spectrum Health Systems Inc C+, based on program efficiency and fundraising cost.
- How much does Spectrum Health Systems Inc's highest-paid employee make?
- The highest reported compensation on Spectrum Health Systems Inc's latest Form 990 is $416,898, paid to Kurt Isaacson (President/ceo).
More nonprofits in Westborough
Explore more
Data for Spectrum Health Systems Inc (EIN 04-2478978) 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.