Henry Heywood Memorial Hospital

“The Form 990 is prepared by a third-party accounting firm with the assistance of the Accounting Department. The Form 990 is reviewed by the Director of Finance and CFO. Then the return is uploaded to the Hospital cyber board for the Board of Trustees to review prior to filing.”

“The Board of Trustees review the Organization's Conflict of Interest policy annually in order to ensure that the Organization's Board of Trustees and Officers are regularly and consistently monitoring and enforcing it.”

“The Board of Trustees holds the sole responsibility of establishing the compensation of the CEO, with the Compensation Committee responsible for review and recommendation of the CEO's compensation. The compensation is determined by considering comparable salary information for officers of other entities of similar size and level of activity, so as to establish a rebuttable presumption for reasonableness. The Compensation Committee also reviews and approves the CEO's recommendation of compensation for the Senior Leadership Team.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public by providing completed copies to the Executive Assistant, who provides copies upon request.”

“Physician Fees: Program service expenses 9,095,073. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,095,073. Contracted Services: Program service expenses 1,131,026. Management and general expenses 83,814. Fundraising expenses 0. Total expenses 1,214,840. Temporary Employees: Program service expenses 1,583,742. Management and general expenses 50,857. Fundraising expenses 0. Total expenses 1,634,599. Outside Fees: Program service expenses 30,983,762. Management and general expenses 25,574,852. Fundraising expenses 92,719. Total expenses 56,651,333. Other Professional Fees: Program service expenses 730,844. Management and general expenses 208,989. Fundraising expenses 0. Total expenses 939,833.”

“Section 1.263(a)-3(n) Election: Henry Heywood Memorial Hospital 242 Green Street Gardner, MA 01440 EIN: 04-2103581 Henry Heywood Memorial Hospital is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Transfer to Affiliates -341,014.”

“As of August 15, 2025, the Organization's financial statement audit for the fiscal year-ended 9/30/24 is still in process and has not yet been completed. As a result, questions related to financial statement audit on Form 990 Part IV and Part XII have been answered 'no' accordingly.”