The Lowell General Hospital
83% goes to programs $5 to raise $100
The Lowell General Hospital is a 501(c)(3) organization based in Lowell, Massachusetts, registered in 1939, with $605,254,918 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
295 Varnum Ave, Lowell, MA, 01854 EIN 04-2103590 Since 1939
Revenue (FY2023)
$605.3M
▼ 7.9% vs prior year
Health median: $840K
Expenses (FY2023)
$626.8M
Net assets
$182.9M
Employees
4,574
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 rating83% to programs · $5 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 The Lowell General Hospital: 83% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -4% 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 The Lowell General Hospital: 4 mo reserves · -4% 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 The Lowell General Hospital: 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 The Lowell General Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To meet the healthcare needs of communities served through the provision of inpatient and outpatient medical services. to provide services, programs and initiatives to improve the health and quality of life of the citizens in the area, with a particular focus on people who are medically underserved, at risk, or financially disadvantaged.
What they do
Lowell general hospital's primary service area ("psa") is comprised of the following nine communities: billerica, chelmsford, dracut, dunstable, lowell, tewksbury, tyngsboro and westford, massachusetts, and pelham, new hampshire, with a total of approximately 291,000 residents. the hospital's secondary service area ("ssa") has a population of almost 340,000 and includes the surrounding municipalities of andover, carlisle, groton, lawrence, littleton, methuen, north andover, pepperell and wilmington, massachusetts, and hollis, hudson and nashua, new hampshire.the hospital offers the latest technology and a full range of medical, surgical and critical care services for patients, from newborns to seniors. it is currently licensed by the massachusetts department of public health to operate a total of 434 acute care beds (301 adult medical/surgical, 29 intensive care, 40 pediatric, 26 obstetrical, 10 level iib special care nursery bassinets and 28 well-newborn bassinets).
Contact & location
- Address
- 295 Varnum Ave, Lowell, MA, 01854
- City
- Lowell
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $439.4M (FY2014) to $605.3M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $217.0MNet assets $182.9M
Operating margin
-3.6%
Spent more than it raised in the latest fiscal year.
Total assets
$399.9M
Total liabilities
$217.0M
Net assets
$182.9M
Salaries & benefits
$299.7M
48% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $605,254,918▼7.9% | $626,839,501▲6.2% | $182,894,062▲101% | $399,882,241▼16.9% | 990 |
| 2022 | $657,122,447▲24.3% | $590,309,347▼3.0% | $90,987,943▼17.1% | $481,194,403▼8.1% | 990 |
| 2021 | $528,659,287▼1.0% | $608,429,753▲22.0% | $109,771,307▼36.9% | $523,332,091▼15.7% | 990 |
| 2020 | $534,206,195▲8.4% | $498,595,095▲6.2% | $173,929,705▲40.6% | $620,869,238▲2.9% | 990 |
| 2019 | $492,829,849▲1.6% | $469,388,239▲2.3% | $123,665,800▼10.2% | $603,322,132▲32.5% | 990 |
| 2018 | $485,151,578▼2.3% | $458,621,162▲0.6% | $137,789,077▼14.4% | $455,209,859▼6.9% | 990 |
| 2017 | $496,748,443▲6.6% | $456,080,286▲2.2% | $160,991,374▲0.4% | $488,997,334▼2.1% | 990 |
| 2016 | $466,209,872▲1.8% | $446,236,711▲2.9% | $160,360,270▲0.3% | $499,541,885▲3.7% | 990 |
| 2015 | $457,872,238▲4.2% | $433,532,666▲4.3% | $159,926,392▲0.9% | $481,734,194▲2.6% | 990 |
| 2014 | $439,420,284 | $415,610,800▲0.6% | $158,451,337▼6.6% | $469,431,684▼3.3% | 990 |
| 2012 | — | $412,960,241▲39.7% | $169,628,147▲23.7% | $485,461,294▲8.6% | 990 |
| 2011 | — | $295,573,210▲20.9% | $137,123,038▲28.2% | $447,097,770▲51.0% | 990 |
| 2010 | — | $244,573,483▲8.8% | $106,992,831▲9.7% | $296,102,522▲4.7% | 990 |
| 2009 | — | $224,880,156 | $97,524,279 | $282,901,357 | 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: Amy Hoey — $806,881 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amy Hoey | President | 1 | $806,881 |
| William Galvin III Md | Former Board Member/med Dir. | 50 | $577,138 |
| Cecelia Lynch | Vp/patient Care Svcs, Cne | 50 | $520,486 |
| Yishi Ren | Chief Medical Physicist | 50 | $306,967 |
| Diane Regan | Assoc Chief Nursing Officer | 50 | $271,037 |
| Tracie Mcpadden | Associate Cno | 50 | $262,823 |
| Kathleen Garland | Sr Director Contracting | 50 | $251,539 |
| Jason Proulx | Clinical Admin Coordinator | 50 | $237,300 |
| Andrew Devoe | Treasurer/cfo | 1 | — |
| Bopha Malone | Board Member | 1 | — |
| Brian Chapman | Board Member | 1 | — |
| Bruce Robinson | Board Member | 1 | — |
| Daniel J Mansur Esq | Board Member | 1 | — |
| George Meltsakos Md | Board Member | 1 | — |
| Jack Clancy | Board Member | 1 | — |
| John Carson Ph D | Board Member | 1 | — |
| Joseph A White | Former President/ceo (until 9/23) | 0 | — |
| Julie Chen Ph D | Board Member | 1 | — |
| Mark S Cochran | Board Member (until 7/24) | 1 | — |
| Michael Dandorph | President & Ceo - Tufts Medicine | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Merrimack Valley Emergency Medical Servi | Physician Services | $8,697,284 |
| Sodexo Inc & Affiliates | Food & Facilities Services | $4,955,959 |
| Cerner Corporation | Information Systems Provider | $1,895,856 |
| Fresenius Management Services Inc | Administrative Services | $1,816,747 |
| Shields Health Care Group Inc | Medical Services | $1,303,040 |
Grants received · $471K total
27 grants to The Lowell General Hospital totaling $471K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Health | 2023 | $9,500 |
| American Online Giving Foundation Inc | General support | 2023 | $6,963 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,250 |
| National Philanthropic Tr | Health | 2022 | $10,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $9,925 |
| Yale University | Subaward - sponsored research | 2022 | $8,768 |
| Paypal Charitable Giving Fund | General support | 2022 | $5,635 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,500 |
| Charities Aid Foundation America | Charitable donation | 2022 | $5,050 |
| Jeanne Darc Credit Union | Charitable contributions | 2021 | $30,449 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $27,550 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $27,550 |
| American Online Giving Foundation Inc | General support | 2021 | $21,523 |
| Yale University | Subaward - sponsored research | 2021 | $12,621 |
| National Philanthropic Tr | Health | 2021 | $10,000 |
Grants made · $50K in FY2023
3 grants totaling $50K in FY2023. All grants made by The Lowell General Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Nashoba Valley Ski Area | Sponsorship | $25,000 |
| University of Massachusetts Lowell | Donation/sponsor various events | $16,250 |
| Dyouville Senior Care Foundation Inc | Sponsorship | $9,000 |
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Frequently asked questions
- Is The Lowell General Hospital a legitimate nonprofit?
- Yes. The Lowell General Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103590, based in Lowell, Massachusetts. Donations are tax-deductible.
- What is The Lowell General Hospital's EIN?
- The Lowell General Hospital's Employer Identification Number (EIN) is 04-2103590.
- How much revenue does The Lowell General Hospital report?
- The Lowell General Hospital reported $605,254,918 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Lowell General Hospital's spending goes to programs?
- The Lowell General Hospital spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Lowell General Hospital have?
- CharityIndex grades The Lowell General Hospital A, based on program efficiency and fundraising cost.
- How much does The Lowell General Hospital's highest-paid employee make?
- The highest reported compensation on The Lowell General Hospital's latest Form 990 is $806,881, paid to Amy Hoey (President).
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Data for The Lowell General Hospital (EIN 04-2103590) 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.