Civic Intelligence

Valley Health Systems Inc.

990 • Fiscal year 2018 • EIN 04-2103583

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 12, 2019

20 Hospital DriveHolyoke, MA 01040-6604

(413) 534-2567

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.19x

Higher debt load relative to assets than 48% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.47x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

47th percentile

2.3%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$737,512

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

12th percentile

-8.4%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-31%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$11,430,087

Down $1,043,738 (-8.4%) from 2017

Net Assets

Down

$9,218,936

Down $997,216 (-9.8%) from 2017

Liabilities

Down

$2,211,151

Down $46,522 (-2.1%) from 2017

Revenue

Down

$4,687,701

Down $2,099,882 (-31%) from 2017

Expenses

Down

$4,579,973

Down $454,404 (-9.0%) from 2017

Net Income

Down

$107,728

Down $1,645,478 (-94%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $9,813,281Liabilities 2011: $728,294Net Assets 2011: $9,084,9872011Assets 2012: $11,314,000Liabilities 2012: $807,674Net Assets 2012: $10,506,3262012Assets 2013: $12,292,177Liabilities 2013: $871,659Net Assets 2013: $11,420,5182013Assets 2014: $12,965,692Liabilities 2014: $973,974Net Assets 2014: $11,991,7182014Assets 2015: $12,314,997Liabilities 2015: $1,477,377Net Assets 2015: $10,837,6202015Assets 2016: $12,485,657Liabilities 2016: $2,073,019Net Assets 2016: $10,412,6382016Assets 2017: $12,473,825Liabilities 2017: $2,257,673Net Assets 2017: $10,216,1522017Assets 2018: $11,430,087Liabilities 2018: $2,211,151Net Assets 2018: $9,218,9362018Assets 2019: $10,884,397Liabilities 2019: $3,040,006Net Assets 2019: $7,844,3912019Assets 2020: $10,435,859Liabilities 2020: $486,489Net Assets 2020: $9,949,3702020Assets 2021: $11,549,744Liabilities 2021: $720,619Net Assets 2021: $10,829,1252021Assets 2022: $10,691,393Liabilities 2022: $958,212Net Assets 2022: $9,733,1812022Assets 2023: $11,370,864Liabilities 2023: $1,013,325Net Assets 2023: $10,357,5392023Assets 2024: $12,821,869Liabilities 2024: $857,922Net Assets 2024: $11,963,9472024

Highlighted filing

2018

Assets$11,430,087
Liabilities$2,211,151
Net Assets$9,218,936

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $909,334Expenses 2011: $646,861Net Income 2011: $262,4732011Revenue 2012: $973,188Expenses 2012: $627,301Net Income 2012: $345,8872012Revenue 2013: $1,070,051Expenses 2013: $719,634Net Income 2013: $350,4172013Revenue 2014: $1,101,381Expenses 2014: $638,687Net Income 2014: $462,6942014Revenue 2015: $832,671Expenses 2015: $788,162Net Income 2015: $44,5092015Revenue 2016: $4,674,225Expenses 2016: $4,162,430Net Income 2016: $511,7952016Revenue 2017: $6,787,583Expenses 2017: $5,034,377Net Income 2017: $1,753,2062017Revenue 2018: $4,687,701Expenses 2018: $4,579,973Net Income 2018: $107,7282018Revenue 2019: $4,754,879Expenses 2019: $5,081,283Net Income 2019: -$326,4042019Revenue 2020: $4,755,926Expenses 2020: $4,158,783Net Income 2020: $597,1432020Revenue 2021: $5,011,526Expenses 2021: $5,055,095Net Income 2021: -$43,5692021Revenue 2022: $4,406,890Expenses 2022: $4,463,641Net Income 2022: -$56,7512022Revenue 2023: $4,391,441Expenses 2023: $5,102,934Net Income 2023: -$711,4932023Revenue 2024: $5,285,539Expenses 2024: $4,989,721Net Income 2024: $295,8182024

Highlighted filing

2018

Revenue$4,687,701
Expenses$4,579,973
Net Income$107,728
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 12, 2019
Return Version
2017v2.3
Gross Receipts
$5,929,313
Mission and Program Overview

Mission

To support the advancement in knowledge and practice of medicine, surgery, nursing, and all other subjects related to healthcare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,026,663$5,467,045▼ $559,618
Investments Other Securities$1,968,900$2,017,625▲ $48,725
Investments Program Related$1,066,693$1,066,693→ $0
Savings and Temporary Cash Investments$1,072,728$992,103▼ $80,625
Pledges and Grants Receivable$664,429$434,201▼ $230,228
Cash and Non-Interest-Bearing Accounts$384,250$164,207▼ $220,043
Land, Buildings, and Equipment, Net$64,481$56,488▼ $7,993
Prepaid Expenses and Deferred Charges$26,900$9,544▼ $17,356
Accounts Receivable$1,524$254▼ $1,270
Total Assets$12,473,825$11,430,087▼ $1,043,738
Other Assets Total$1,197,257$1,221,927▲ $24,670
Liabilities
Other Liabilities$1,950,093$1,900,671▼ $49,422
Accounts Payable and Accrued Expenses$307,580$310,480▲ $2,900
Total Liabilities$2,257,673$2,211,151▼ $46,522
Net Assets / Fund Balance
Unrestricted Net Assets$4,459,367$3,882,815▼ $576,552
Permanently Rstr Net Assets$2,695,636$2,744,361▲ $48,725
Temporarily Rstr Net Assets$3,061,149$2,591,760▼ $469,389
Total Net Assets Fund Balance$10,216,152$9,218,936▼ $997,216
Total Liabilities and Net Assets / Fund Balance$12,473,825$11,430,087▼ $1,043,738

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,714$10,322$55,036
Equipment$11,774$19,627$31,401
Investment Program Related Org$1,066,693--
Other Assets Org$1,221,337--
Other Securities$2,017,625--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,650,334-▲ $341,109$371,353$2,620,090
2016$2,705,635$444▲ $1,486,039$1,541,784$2,650,334
2015$2,623,392-▲ $220,005$137,162$2,705,635
2014$2,838,582-▼ $214,890-$2,623,392
2013$2,624,257-▲ $214,865-$2,838,582
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spiridon E HatirasPresident & CEO, Clerk-$718,470$19,042$737,512
Carl CameronVP, OperationsFT$350,945$19,168$370,113
Paul M SilvaFormer Treasurer & CFO-$131,873$165,215$297,088
Phillip CanditoVP, Business DevelopmentFT$219,952$20,681$240,633
Avadhoot S GokhaleVP, Quality/CQOFT$187,970$3,919$191,889
Michael HouffDirector Physician ServiceFT$173,131$6,931$180,062
Richard T O'ConnorDirector Legal AffairsFT$139,618$647$140,265
Michael J KoziolTreasurer & CFO-$91,503$1,408$92,911

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$513,968
Program Service Revenue
$4,066,232
Investment Income
$202,515
Other Revenue
$-95,014
All Other Contributions
$404,807
Change in Net Assets
$107,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,784,415
Revenue Not Reported on Financial Statements
$903,286
Revenue Not Reported on Form 990
$180,469
Other Revenue Adjustments
$826,390
Total Revenue per Audited Statements
$3,964,884
Total Revenue per Form 990
$4,687,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,891,979
Other Expenses$687,994
Total Fundraising Expense$72,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,278,466$345,885$63,973$2,688,324
Current Officers, Directors, Trustees, and Key Employees$708,029$107,483-$815,512
Other Expenses$405,539--$405,539
Payroll Taxes$177,470$26,941$3,824$208,235
Fees for Services Other$142,360--$142,360
Other Employee Benefits$111,771$16,968$2,777$131,516
Fees for Service Investment Mgmnt Fees-$76,896-$76,896
Pension Plan Contributions$41,242$6,261$889$48,392
Fees for Services Management-$37,336-$37,336
Travel$9,003-$38$9,041
Depreciation Depletion-$7,993-$7,993
Occupancy$4,000--$4,000
Office Expenses-$971$1,389$2,360
Interest$1,000--$1,000
Insurance-$969-$969
Fees for Services Accounting-$500-$500
Total Functional Expenses$3,878,880$628,203$72,890$4,579,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,784,909
Total Expenses per Form 990$4,579,973
Expenses per Audited Statements$4,503,077
Expenses Not Reported on Form 990$281,832
Expenses Not Reported on Financial Statements$76,896
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$108,441
Fundraising Gross Income$56,970
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Gala$88,406$31,920$9,217$22,703
Ace Awards$77,725$25,050$5,819$19,231
Total Events$166,131$56,970$108,441$-51,471
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$1,900,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Certain officers and directors of Valley Health Systems, Inc. are employed by a related tax-exempt organization which has common officers and/or directors. By virtue of this arrangement, certain individuals listed in Form 990, Part VII have a business relationship with one another.

Form 990, Part VI, Section B, line 11B

A copy of Valley Health Systems, Inc.'s Form 990 was provided to each voting member of the governing body prior to its filing with the Internal Revenue Service. The Form 990 was prepared with the assistance of an independent public accounting firm and thoroughly reviewed by the Senior Vice President of Finance and CFO and key financial staff of the Hospital prior to distibuting it to the governing body for review.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is monitored and enforced as part of the Valley Health Systems, Inc. System and is reviewed annually by the System's conflict of interest committee. Valley Health Systems, Inc. board members, officers, and key employees complete and sign a conflict of interest questionnaire annually. All signed questionnaires are then submitted to the committeed for review and monitoring.

Form 990, Part VI, Section B, line 15

The compensation committee of the Valley Health Systems, Inc. utilizes a market compensation survey to recommend to the Board the approval of its determination of the appropriate compensation of the Chief Executive Officer. During that process, the Committee also reviews the compensation levels of other senior management and key employees of the System. These individuals are not members of the compensation committee and do not participate in this process. The CEO, as a member of the Board of VHS, does not participate in the approval process of that officer's compensation.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements of Valley Health Systems and Affiliates, which includes supplemental information of the filing entity, are available to the public upon request at the Organization's administrative office at 575 Beech Street, Holyoke, MA.

Filing and Contact Details

Filer

Filer Name
Valley Health Systems Inc
EIN
04-2103583
Phone
4135342567
Address
20 Hospital Drive, Holyoke, MA 01040-6604

Signing Officer

Name
Michael J Koziol
Title
Treasurer & CFO
Phone
4135342567
Signed
2019-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Spiridon E Hatiras
Formed
1984
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
10
Employees
24
Volunteers
10

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Net Assets Transferred to Holyoke Medical Center -826,390. Net Assets Released from Restriction Used for Operations 322,809. Change in Beneficial Interest of Perpetual Trusts 48,725. Equity Contribution from Affiliates 2,700,000. Equity Contribution to Affiliates -3,200,000.

Form 990, Part XII, Line 2C:

The audit process has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

The intended use of the endowment funds at Valley Health Systems, Inc. is to provide a predictable, stable, and consistent stream of earnings for the Organization.

Part X, Line 2:

The Organization and the member organizations are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Income taxes are recorded based upon the asset and liability method as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic for Income Taxes. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the FASB, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Organization has evaluated the position taken on its filed tax returns. The Organization has concluded no uncertain income tax positions exist at September 30, 2018. The Organization's tax years from 2016 through 2018 are open and subject to examination.

Part XI, Line 2D - Other Adjustments:

Change in Beneficial Interest in Perpetual Trusts 48,725. Coffee/Gift Shop Expenses 281,832.

Part XI, Line 4B - Other Adjustments:

Net Assets Transferred to Holyoke Medical Center, Inc. 826,390.

Part XII, Line 2D - Other Adjustments:

Coffee/Gift Shop Expenses 281,832.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1118352
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt121408
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1318721
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1420248
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt153773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt16647
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt176678
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1810573
IRS990/Form990PartVIISectionAGrp/PersonNm0Garry Bombardier MD
IRS990/Form990PartVIISectionAGrp/PersonNm1Donald Graham
IRS990/Form990PartVIISectionAGrp/PersonNm2Eileen O'Leary Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm3Joseph Peters
IRS990/Form990PartVIISectionAGrp/PersonNm4Doris Ransford
IRS990/Form990PartVIISectionAGrp/PersonNm5Martin Schoenemann CPA
IRS990/Form990PartVIISectionAGrp/PersonNm6Idelia Smith
IRS990/Form990PartVIISectionAGrp/PersonNm7Anthony Soto
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm9Marc Joyce
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeff Hayden
IRS990/Form990PartVIISectionAGrp/PersonNm11Spiridon E Hatiras
IRS990/Form990PartVIISectionAGrp/PersonNm12Michael J Koziol
IRS990/Form990PartVIISectionAGrp/PersonNm13Carl Cameron
IRS990/Form990PartVIISectionAGrp/PersonNm14Phillip Candito
IRS990/Form990PartVIISectionAGrp/PersonNm15Avadhoot S Gokhale
IRS990/Form990PartVIISectionAGrp/PersonNm16Richard T O'Connor
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Houff
IRS990/Form990PartVIISectionAGrp/PersonNm18Paul M Silva
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11719160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1291503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13351392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14220385
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15188116
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16139618
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17173384
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18286515
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0266512
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt11President & CEO, Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP, Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP, Business Development
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP, Quality/CQO
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director Legal Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director Physician Service
IRS990/Form990PartVIISectionAGrp/TitleTxt18Former Treasurer & CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0109161
IRS990/FundraisingDirectExpensesAmt0108441
IRS990/FundraisingGrossIncomeAmt056970
IRS990/GainOrLossGrp/SecuritiesAmt0-23694
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0827645
IRS990/GrossReceiptsAmt05929313
IRS990/GrossSalesOfInventoryAmt0238289
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0969
IRS990/InsuranceGrp/TotalAmt0969
IRS990/InterestGrp/ProgramServicesAmt01000
IRS990/InterestGrp/TotalAmt01000
IRS990/InvestmentIncomeGrp/ExclusionAmt0226209
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0226209
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01968900
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02017625
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01066693
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01066693
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06026663
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05467045
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029949
IRS990/LandBldgEquipBasisNetGrp/BOYAmt064481
IRS990/LandBldgEquipBasisNetGrp/EOYAmt056488
IRS990/LandBldgEquipCostOrOtherBssAmt086437
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0851339
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To support the advancement in knowledge and practice of medicine, surgery, nursing, and all other subjects related to healthcare.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010216152
IRS990/NetAssetsOrFundBalancesEOYAmt09218936
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-23694
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-23694
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-51471
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-51471
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-43543
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-43543
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-150088
IRS990/NoncashContributionsAmt04493
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt04000
IRS990/OccupancyGrp/TotalAmt04000
IRS990/OfficeExpensesGrp/FundraisingAmt01389
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0971
IRS990/OfficeExpensesGrp/TotalAmt02360
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01197257
IRS990/OtherAssetsTotalGrp/EOYAmt01221927
IRS990/OtherChangesInNetAssetsAmt0-954856
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02777
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016968
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0111771
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131516
IRS990/OtherExpensesGrp/Desc0Provision for Bad Debt
IRS990/OtherExpensesGrp/ProgramServicesAmt0405539
IRS990/OtherExpensesGrp/TotalAmt0405539
IRS990/OtherLiabilitiesGrp/BOYAmt01950093
IRS990/OtherLiabilitiesGrp/EOYAmt01900671
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt063973
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0345885
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02278466
IRS990/OtherSalariesAndWagesGrp/TotalAmt02688324
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03824
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026941
IRS990/PayrollTaxesGrp/ProgramServicesAmt0177470
IRS990/PayrollTaxesGrp/TotalAmt0208235
IRS990/PensionPlanContributionsGrp/FundraisingAmt0889
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06261
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041242
IRS990/PensionPlanContributionsGrp/TotalAmt048392
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02695636
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02744361
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0664429
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0434201
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026900
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09544
IRS990/PrincipalOfficerNm0Spiridon E Hatiras
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0Affiliate Administrati
IRS990/ProgramServiceRevenueGrp/Desc1Development Chargeback
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04041236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04041236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124996
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02272403
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0167493
IRS990/PYOtherExpensesAmt01069973
IRS990/PYOtherRevenueAmt0-56156
IRS990/PYProgramServiceRevenueAmt04403843
IRS990/PYRevenuesLessExpensesAmt01753206
IRS990/PYSalariesCompEmpBnftPaidAmt03964404
IRS990/PYTotalExpensesAmt05034377
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06787583
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0107728
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt04304521
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01072728
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0992103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0475045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02216247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0575161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt070127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0163959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03500539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0226209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0178791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0247845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0206408
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0207407

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$0.86$12.0$5.29$4.99$0.30
2023Detailed filing. Detailed filing data is available for this year.$11.4$1.01$10.4$4.39$5.10$0.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.96$9.73$4.41$4.46$0.06
2021Detailed filing. Detailed filing data is available for this year.$11.5$0.72$10.8$5.01$5.06$0.04
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.49$9.95$4.76$4.16$0.60
2019Detailed filing. Detailed filing data is available for this year.$10.9$3.04$7.84$4.75$5.08$0.33
2018Detailed filing. Detailed filing data is available for this year.$11.4$2.21$9.22$4.69$4.58$0.11
2017Detailed filing. Detailed filing data is available for this year.$12.5$2.26$10.2$6.79$5.03$1.75
2016Detailed filing. Detailed filing data is available for this year.$12.5$2.07$10.4$4.67$4.16$0.51
2015Detailed filing. Detailed filing data is available for this year.$12.3$1.48$10.8$0.83$0.79$0.04
2014Detailed filing. Detailed filing data is available for this year.$13.0$0.97$12.0$1.10$0.64$0.46
2013Summary only. Only limited summary data is available for this year.$12.3$0.87$11.4$1.07$0.72$0.35
2012Summary only. Only limited summary data is available for this year.$11.3$0.81$10.5$0.97$0.63$0.35
2011Summary only. Only limited summary data is available for this year.$9.81$0.73$9.08$0.91$0.65$0.26