Civic Intelligence

Valley Health Systems Inc.

990 • Fiscal year 2019 • EIN 04-2103583

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 13, 2020

Organization ProfileN/A
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

58th percentile

0.28x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.64x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

20th percentile

-6.9%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$780,348

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

15th percentile

-4.8%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.4%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$10,884,397

Down $545,690 (-4.8%) from 2018

Net Assets

Down

$7,844,391

Down $1,374,545 (-15%) from 2018

Liabilities

Up

$3,040,006

Up $828,855 (+37%) from 2018

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin20th percentile

Revenue

Up

$4,754,879

Up $67,178 (+1.4%) from 2018

Expenses

Up

$5,081,283

Up $501,310 (+11%) from 2018

Net Income

Down

-$326,404

Down $434,132 (-403%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

2019

Assets$10,884,397
Liabilities$3,040,006
Net Assets$7,844,391
Open 2019 Filing

Operations Trend

Revenue Growth42nd percentile

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

2019

Revenue$4,754,879
Expenses$5,081,283
Net Income-$326,404
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 13, 2020
Return Version
2018v3.2
Gross Receipts
$5,397,294
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$5,467,045$5,141,145▼ $325,900
Investments Other Securities$2,017,625$1,969,529▼ $48,096
Investments Program Related$1,066,693$1,066,693→ $0
Savings and Temporary Cash Investments$992,103$984,216▼ $7,887
Pledges and Grants Receivable$434,201$220,656▼ $213,545
Cash and Non-Interest-Bearing Accounts$164,207$152,600▼ $11,607
Land, Buildings, and Equipment, Net$56,488$48,495▼ $7,993
Prepaid Expenses and Deferred Charges$9,544$13,166▲ $3,622
Accounts Receivable$254$317▲ $63
Total Assets$11,430,087$10,884,397▼ $545,690
Other Assets Total$1,221,927$1,287,580▲ $65,653
Liabilities
Other Liabilities$1,900,671$2,666,903▲ $766,232
Accounts Payable and Accrued Expenses$310,480$344,753▲ $34,273
Deferred Revenue$0$28,350▲ $28,350
Total Liabilities$2,211,151$3,040,006▲ $828,855
Net Assets / Fund Balance
Unrestricted Net Assets$3,882,815$3,043,726▼ $839,089
Permanently Rstr Net Assets$2,744,361$2,696,264▼ $48,097
Temporarily Rstr Net Assets$2,591,760$2,104,401▼ $487,359
Total Net Assets Fund Balance$9,218,936$7,844,391▼ $1,374,545
Total Liabilities and Net Assets / Fund Balance$11,430,087$10,884,397▼ $545,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,596$14,440$55,036
Equipment$7,899$23,502$31,401
Investment Program Related Org$1,066,693--
Other Assets Org$1,286,922--
Other Securities$1,969,529--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,620,090-▲ $177,547$126,810$2,670,827
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
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spiridon E HatirasPresident & CEO, Clerk-$758,878$21,470$780,348
Carl CameronVP, OperationsFT$359,965$19,102$379,067
Michael J KoziolTreasurer & CFO-$343,482$15,600$359,082
Phillip CanditoVP, Business DevelopmentFT$206,344$21,237$227,581
Avadhoot S GokhaleVP, Quality/CQOFT$196,853$3,550$200,403
Beverly FeinVP, Chief HR OfficerFT$189,188$9,639$198,827
Richard T O'ConnorDirector Legal AffairsFT$142,425$655$143,080

Board Members and Trustees

NameTitle
Marc JoyceChair
Jeff HaydenVice Chair
Donald GrahamDirector
Eileen O'Leary SullivanDirector
Garry Bombardier MDDirector
Idelia SmithDirector
Joseph PetersDirector
Martin Schoenemann CPADirector
Michael SullivanDirector
Anthony SotoDirector (part year)
Doris RansfordDirector (part year)
Revenue and Support

Revenue Composition

Contributions and Grants
$255,160
Program Service Revenue
$4,128,911
Investment Income
$279,492
Other Revenue
$91,316
All Other Contributions
$188,615
Change in Net Assets
$-326,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,939,253
Revenue Not Reported on Financial Statements
$815,626
Revenue Not Reported on Form 990
$87,908
Other Revenue Adjustments
$727,193
Total Revenue per Audited Statements
$4,027,161
Total Revenue per Form 990
$4,754,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,133,104
Other Expenses$948,179
Total Fundraising Expense$125,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,173,869$338,668$108,480$2,621,017
Current Officers, Directors, Trustees, and Key Employees$985,845$153,585-$1,139,430
Other Expenses$491,286--$491,286
Fees for Services Other$300,453--$300,453
Payroll Taxes$168,616$26,269$8,308$203,193
Other Employee Benefits$109,611$17,076$4,914$131,601
Fees for Service Investment Mgmnt Fees-$88,433-$88,433
Fees for Services Management-$39,955-$39,955
Pension Plan Contributions$31,805$4,955$1,103$37,863
Travel$11,690-$14$11,704
Depreciation Depletion-$7,993-$7,993
Occupancy$4,000--$4,000
Office Expenses--$2,831$2,831
Insurance-$1,024-$1,024
Fees for Services Accounting-$500-$500
Total Functional Expenses$4,277,175$678,458$125,650$5,081,283

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,142,357
Total Expenses per Form 990$5,081,283
Expenses per Audited Statements$4,992,850
Expenses Not Reported on Form 990$149,507
Expenses Not Reported on Financial Statements$88,433
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$63,111
Fundraising Gross Income$43,285
Gaming Gross Income$900
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Gala$103,600$39,555$8,140$31,415
Laughter is the Best Medicine Event$6,230$3,730$350$3,380
Total Events$109,830$43,285$63,111$-19,826
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$2,666,903
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
2020-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Spiridon E Hatiras
Formed
1984
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
8
Employees
25
Volunteers
8

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 and Used in Operations -630,044. Adjustment for Uncollectible Pledges -8,402. Change in Beneficial Interest of Perpetual Trusts -48,096. Equity Contribution from Affiliates 2,900,000. 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, 2019. The Organization's tax years from 2017 through 2019 are open and subject to examination.”

Part XI, Line 2D - Other Adjustments:

“Coffee/Gift Shop Expenses 149,507.”

Part XI, Line 4B - Other Adjustments:

“Net Assets Transferred and Used in Operations 670,695. Change in Beneficial Interest in Perpetual Trusts 48,096. Uncollectible Pledges 8,402.”

Part XII, Line 2D - Other Adjustments:

“Coffee/Gift Shop Expenses 149,507.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1121470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1215600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1319102
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1421237
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt153550
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt169639
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt17655
IRS990/Form990PartVIISectionAGrp/PersonNm0Garry Bombardier MD
IRS990/Form990PartVIISectionAGrp/PersonNm1Donald Graham
IRS990/Form990PartVIISectionAGrp/PersonNm2Eileen O'Leary Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm3Joseph Peters
IRS990/Form990PartVIISectionAGrp/PersonNm4Martin Schoenemann CPA
IRS990/Form990PartVIISectionAGrp/PersonNm5Idelia Smith
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm7Doris Ransford
IRS990/Form990PartVIISectionAGrp/PersonNm8Anthony Soto
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/PersonNm16Beverly Fein
IRS990/Form990PartVIISectionAGrp/PersonNm17Richard T O'Connor
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/ReportableCompFromOrgAmt11758878
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12343482
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13359965
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14206344
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15196853
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16189188
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17142425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0269016
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/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director (part year)
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (part year)
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/TitleTxt16VP, Chief HR Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director Legal Affairs
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt066545
IRS990/FundraisingDirectExpensesAmt063111
IRS990/FundraisingGrossIncomeAmt043285
IRS990/GainOrLossGrp/SecuritiesAmt025265
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt0900
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0455062
IRS990/GrossReceiptsAmt05397294
IRS990/GrossSalesOfInventoryAmt0259749
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01024
IRS990/InsuranceGrp/TotalAmt01024
IRS990/InvestmentIncomeGrp/ExclusionAmt0254227
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0254227
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02017625
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01969529
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01066693
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01066693
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05467045
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05141145
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037942
IRS990/LandBldgEquipBasisNetGrp/BOYAmt056488
IRS990/LandBldgEquipBasisNetGrp/EOYAmt048495
IRS990/LandBldgEquipCostOrOtherBssAmt086437
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0429797
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/NetAssetsOrFundBalancesBOYAmt09218936
IRS990/NetAssetsOrFundBalancesEOYAmt07844391
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt025265
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt025265
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-19826
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-19826
IRS990/NetIncomeFromGamingGrp/ExclusionAmt0900
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt0900
IRS990/NetIncomeOrLossGrp/ExclusionAmt0110242
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0110242
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-61599
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt04000
IRS990/OccupancyGrp/TotalAmt04000
IRS990/OfficeExpensesGrp/FundraisingAmt02831
IRS990/OfficeExpensesGrp/TotalAmt02831
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01221927
IRS990/OtherAssetsTotalGrp/EOYAmt01287580
IRS990/OtherChangesInNetAssetsAmt0-986542
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04914
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017076
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0109611
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131601
IRS990/OtherExpensesGrp/Desc0Provision for Bad Debt
IRS990/OtherExpensesGrp/ProgramServicesAmt0491286
IRS990/OtherExpensesGrp/TotalAmt0491286
IRS990/OtherLiabilitiesGrp/BOYAmt01900671
IRS990/OtherLiabilitiesGrp/EOYAmt02666903
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0108480
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0338668
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02173869
IRS990/OtherSalariesAndWagesGrp/TotalAmt02621017
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08308
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026269
IRS990/PayrollTaxesGrp/ProgramServicesAmt0168616
IRS990/PayrollTaxesGrp/TotalAmt0203193
IRS990/PensionPlanContributionsGrp/FundraisingAmt01103
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04955
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031805
IRS990/PensionPlanContributionsGrp/TotalAmt037863
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02744361
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02696264
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0434201
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0220656
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09544
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013166
IRS990/PrincipalOfficerNm0Spiridon E Hatiras
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0Affiliate Administrati
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04128911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04128911
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0513968
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0202515
IRS990/PYOtherExpensesAmt0687994
IRS990/PYOtherRevenueAmt0-95014
IRS990/PYProgramServiceRevenueAmt04066232
IRS990/PYRevenuesLessExpensesAmt0107728
IRS990/PYSalariesCompEmpBnftPaidAmt03891979
IRS990/PYTotalExpensesAmt04579973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04687701
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-326404
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt04128910
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0992103
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0984216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0255160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0475045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02216247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0575161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt070127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03591740
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0254227
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0226209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0178791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0247845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0206408
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01113480
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt016713637
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0110242
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0110242
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52610
IRS990ScheduleA/PublicSupportPY170Pct00.53820
IRS990ScheduleA/PublicSupportTotal170Amt02533780
IRS990ScheduleA/SubstantialContributorsTotAmt01057960
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,884,397
Liabilities
$3,040,006
Net assets
$7,844,391
Revenue
$4,754,879
Expenses
$5,081,283
Net income
-$326,404
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