St Margarets Health Spring Valley
78% goes to programs $0 to raise $100 Declining revenue
St Margarets Health Spring Valley is a 501(c)(3) organization based in Billerica, Massachusetts, registered in 1946, with $67,729,858 in FY2022 revenue. CharityIndex grades it B, and it directs about 78% of spending to programs.
700 Technology Park Dr Ste 212, Billerica, MA, 01821 EIN 36-2167884 Since 1946
Revenue (FY2022)
$67.7M
▼ 28.3% vs prior year
Health median: $840K
Expenses (FY2022)
$77.3M
Net assets
$6.6M
Employees
819
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
B+Program efficiency40% of the rating78% 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 St Margarets Health Spring Valley: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -14% 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 St Margarets Health Spring Valley: 1 mo reserves · -14% margin earns a C+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 St Margarets Health Spring Valley: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 St Margarets Health Spring Valley: 3 of 5 disclosure signals earns a B 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
Provide health care services to improve the health of the people in the community
Contact & location
- Address
- 700 Technology Park Dr Ste 212, Billerica, MA, 01821
- City
- Billerica
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $74.9M (FY2013) to $67.7M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $28.8MNet assets $6.6M
Operating margin
-14.1%
Spent more than it raised in the latest fiscal year.
Total assets
$35.4M
Total liabilities
$28.8M
Net assets
$6.6M
Salaries & benefits
$37.3M
48% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $67,729,858▼28.3% | $77,297,391▼21.8% | $6,581,658▼80.2% | $35,382,436▼53.5% | 990 |
| 2021 | $94,487,173▲2.8% | $98,884,416▼0.7% | $33,255,057▼40.1% | $76,016,141▼29.4% | 990 |
| 2020 | $91,881,221▲7.0% | $99,608,214▲13.4% | $55,481,387▼3.1% | $107,727,640▲2.0% | 990 |
| 2019 | $85,832,943▼5.1% | $87,824,016▼5.2% | $57,277,575▲0.1% | $105,602,598▲7.2% | 990 |
| 2018 | $90,485,097▲0.5% | $92,626,241▲0.2% | $57,194,893▼3.6% | $98,472,764▼0.9% | 990 |
| 2017 | $90,067,369▲3.5% | $92,440,842▲10.5% | $59,357,210▼2.2% | $99,398,411▲2.5% | 990 |
| 2016 | $86,994,675▲5.3% | $83,639,219▲3.6% | $60,710,331▲10.0% | $97,007,727▲6.0% | 990 |
| 2015 | $82,611,994▲2.9% | $80,762,176▲6.5% | $55,166,732▲5.4% | $91,513,980▲8.7% | 990 |
| 2014 | $80,287,280▲7.2% | $75,829,919▲4.0% | $52,319,190▲5.9% | $84,208,385▲6.6% | 990 |
| 2013 | $74,889,230 | $72,883,429▲0.3% | $49,383,529▲5.7% | $78,995,557▲6.3% | 990 |
| 2012 | — | $72,658,147▲6.2% | $46,739,458▲1.6% | $74,331,390▲8.2% | 990 |
| 2011 | — | $68,439,548▲2.3% | $46,024,364▲7.4% | $68,726,158▲11.8% | 990 |
| 2010 | — | $66,881,254▲3.1% | $42,859,381▲3.7% | $61,477,042▲4.5% | 990 |
| 2009 | — | $64,874,822 | $41,345,768 | $58,828,529 | 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 (FY2022)
Highest-paid: Dr Michael Shin Md — $1,290,303 (1.67% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Michael Shin Md | Physician | 40 | $1,290,303 |
| Dr Paul Perona Md | Physician | 40 | $983,469 |
| Dr Dale Chilson Do | Physician | 40 | $606,202 |
| Dr Thaw Tun Md | Internal Medicine | 40 | $525,013 |
| Dr Rahul Sampat | Family Medicine | 40 | $487,259 |
| Dr Eric Santos - Director | Medical Staff Pres-smh Sv | 0.5 | — |
| Kim Santman | Director-vp Finance Until Feb 2022 | 40.5 | — |
| Lisa Lynch | Vp of Finance | 60 | — |
| Timothy A Muntz | President & Ceo | 60 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Anesthesia Associates Ltd | Contract Anesthesia Services | $1,924,000 |
| Epss North Regions LLC | Contract Emergency Physicians | $1,290,656 |
| Aya Healthcare Inc | Contract Staffing | $1,068,703 |
| Huron Consulting Services | Consulting | $945,347 |
| Medical Solutions LLC | Contract Staffing | $914,625 |
Grants received · $646K total
9 grants to St Margarets Health Spring Valley totaling $646K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2021 | $54,958 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2020 | $54,958 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2019 | $44,390 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2018 | $9,106 |
| American Heart Association Inc | Equipment upgrade | 2017 | $258,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2017 | $38,334 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2016 | $47,448 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2015 | $60,850 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2014 | $77,663 |
Grants made · $24K in FY2021
2 grants totaling $24K in FY2021. All grants made by St Margarets Health Spring Valley →
| Recipient | Purpose | Amount |
|---|---|---|
| Arukah Institute of Healing Inc Nfp | Community sponsorship | $15,000 |
| La Salle Business Association | Community sponsorship | $9,000 |
Similar organizations in Health
Health
Uphams Corner Health Committee Inc
Dorchester, MA
$66.2M
Aannual revenue
Health
Dimock Community Foundation Inc Group Return
Roxbury, MA
$63.4M
Aannual revenue
Health
Lowell Community Health Center Inc
Lowell, MA
$72.3M
Aannual revenue
- Health
Pipefitters Union Local 537 Health and Welfare Fund
Dorchester, MA
$63.1M
Aannual revenue
Health
Community Health Connections Inc
Fitchburg, MA
$61.1M
Aannual revenue
- Health
Circle Health Physicians Inc
Lowell, MA
$75.1M
C+annual revenue
Health
Signature Healthcare Medical Group Inc
Brockton, MA
$75.7M
Bannual revenue
Health
New England Deaconess Association
Concord, MA
$59.2M
Dannual revenue
Health
Edward M Kennedy Community Health Center Inc
Worcester, MA
$59.0M
Bannual revenue
Health
Berkshire Faculty Services Inc
Pittsfield, MA
$58.4M
Dannual revenue
Compare St Margarets Health Spring Valley
Frequently asked questions
- Is St Margarets Health Spring Valley a legitimate nonprofit?
- Yes. St Margarets Health Spring Valley is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2167884, based in Billerica, Massachusetts. Donations are tax-deductible.
- What is St Margarets Health Spring Valley's EIN?
- St Margarets Health Spring Valley's Employer Identification Number (EIN) is 36-2167884.
- How much revenue does St Margarets Health Spring Valley report?
- St Margarets Health Spring Valley reported $67,729,858 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of St Margarets Health Spring Valley's spending goes to programs?
- St Margarets Health Spring Valley spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does St Margarets Health Spring Valley have?
- CharityIndex grades St Margarets Health Spring Valley B, based on program efficiency and fundraising cost.
- How much does St Margarets Health Spring Valley's highest-paid employee make?
- The highest reported compensation on St Margarets Health Spring Valley's latest Form 990 is $1,290,303, paid to Dr Michael Shin Md (Physician).
More nonprofits in Billerica
Explore more
Data for St Margarets Health Spring Valley (EIN 36-2167884) 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.