Civic Intelligence

Bristol Hospital Multi-Specialty Group Inc

EIN 06-1466555 • 501(c)3 • Bristol, CT

Profile

To provide accessible, high quality, sustainable, patient-centered health care in the community, and to respond to the evolving health care needs of the community.

PO Box 2828Bristol, CT 06011-2828

www.bristolhospital.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.24x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.45x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

5th percentile

-47%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$1,245,228

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

9th percentile

-9.9%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-2.0%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$13,995,466

Down $1,531,172 (-9.9%) from 2023

Liabilities

Down

$17,288,792

Down $1,365,716 (-7.3%) from 2023

Net Assets

Down

-$3,293,326

Down $165,456 (-5.3%) from 2023

Revenue

Down

$38,322,933

Down $762,520 (-2.0%) from 2023

Expenses

Down

$56,147,592

Down $203,267 (-0.4%) from 2023

Net Income

Down

-$17,824,659

Down $559,253 (-3.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2012: $1,968,881Liabilities 2012: $1,598,868Net Assets 2012: $370,0132012Assets 2013: $2,310,913Liabilities 2013: $1,900,652Net Assets 2013: $410,2612013Assets 2014: $2,865,915Liabilities 2014: $2,871,328Net Assets 2014: -$5,4132014Assets 2015: $3,422,969Liabilities 2015: $3,169,811Net Assets 2015: $253,1582015Assets 2016: $3,325,016Liabilities 2016: $2,813,836Net Assets 2016: $511,1802016Assets 2017: $3,046,535Liabilities 2017: $2,800,291Net Assets 2017: $246,2442017Assets 2018: $4,050,946Liabilities 2018: $2,651,893Net Assets 2018: $1,399,0532018Assets 2019: $4,540,741Liabilities 2019: $4,023,144Net Assets 2019: $517,5972019Assets 2020: $5,842,306Liabilities 2020: $6,666,625Net Assets 2020: -$824,3192020Assets 2021: $6,063,010Liabilities 2021: $7,262,467Net Assets 2021: -$1,199,4572021Assets 2022: $5,357,518Liabilities 2022: $7,860,393Net Assets 2022: -$2,502,8752022Assets 2023: $15,526,638Liabilities 2023: $18,654,508Net Assets 2023: -$3,127,8702023Assets 2024: $13,995,466Liabilities 2024: $17,288,792Net Assets 2024: -$3,293,3262024

Highlighted filing

2024

Assets$13,995,466
Liabilities$17,288,792
Net Assets-$3,293,326

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2012: $17,545,199Expenses 2012: $18,185,089Net Income 2012: -$639,8902012Revenue 2013: $17,928,120Expenses 2013: $18,360,843Net Income 2013: -$432,7232013Revenue 2014: $22,112,658Expenses 2014: $22,057,695Net Income 2014: $54,9632014Revenue 2015: $25,080,809Expenses 2015: $25,114,626Net Income 2015: -$33,8172015Revenue 2016: $30,315,425Expenses 2016: $30,317,870Net Income 2016: -$2,4452016Revenue 2017: $27,578,396Expenses 2017: $32,869,964Net Income 2017: -$5,291,5682017Revenue 2018: $30,178,956Expenses 2018: $34,588,257Net Income 2018: -$4,409,3012018Revenue 2019: $30,566,320Expenses 2019: $39,100,727Net Income 2019: -$8,534,4072019Revenue 2020: $35,976,255Expenses 2020: $45,097,443Net Income 2020: -$9,121,1882020Revenue 2021: $37,683,739Expenses 2021: $47,500,943Net Income 2021: -$9,817,2042021Revenue 2022: $38,393,054Expenses 2022: $52,099,267Net Income 2022: -$13,706,2132022Revenue 2023: $39,085,453Expenses 2023: $56,350,859Net Income 2023: -$17,265,4062023Revenue 2024: $38,322,933Expenses 2024: $56,147,592Net Income 2024: -$17,824,6592024

Highlighted filing

2024

Revenue$38,322,933
Expenses$56,147,592
Net Income-$17,824,659

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$17.3$3.29$38.3$56.1$17.8
2023Detailed filing. Detailed filing data is available for this year.$15.5$18.7$3.13$39.1$56.4$17.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.36$7.86$2.50$38.4$52.1$13.7
2021Detailed filing. Detailed filing data is available for this year.$6.06$7.26$1.20$37.7$47.5$9.82
2020Detailed filing. Detailed filing data is available for this year.$5.84$6.67$0.82$36.0$45.1$9.12
2019Detailed filing. Detailed filing data is available for this year.$4.54$4.02$0.52$30.6$39.1$8.53
2018Detailed filing. Detailed filing data is available for this year.$4.05$2.65$1.40$30.2$34.6$4.41
2017Detailed filing. Detailed filing data is available for this year.$3.05$2.80$0.25$27.6$32.9$5.29
2016Detailed filing. Detailed filing data is available for this year.$3.33$2.81$0.51$30.3$30.3$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.42$3.17$0.25$25.1$25.1$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.87$2.87$0.01$22.1$22.1$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$1.90$0.41$17.9$18.4$0.43
2012Summary only. Only limited summary data is available for this year.$1.97$1.60$0.37$17.5$18.2$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Sep 2, 2025
Return Version
2023v6.0
Gross Receipts
$38,345,445
Mission and Program Overview

Mission

To provide accessible, high quality, sustainable, patient-centered health care in the community, and to respond to the evolving health care needs of the community.

High quality patient-centered health care that responds to evolving patient health care needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$4,068,646$4,468,425▲ $399,779
Land, Buildings, and Equipment, Net$2,222,851$1,985,001▼ $237,850
Prepaid Expenses and Deferred Charges$421,541$629,856▲ $208,315
Inventories for Sale or Use$101,135$170,367▲ $69,232
Total Assets$15,526,638$13,995,466▼ $1,531,172
Other Assets Total$8,712,465$6,741,817▼ $1,970,648
Liabilities
Accounts Payable and Accrued Expenses$8,990,665$9,675,637▲ $684,972
Other Liabilities$9,117,253$7,178,564▼ $1,938,689
Mortgage Notes Payable Secured by Investment Property$546,590$434,591▼ $111,999
Total Liabilities$18,654,508$17,288,792▼ $1,365,716
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,127,870$-3,293,326▼ $165,456
Total Net Assets Fund Balance$-3,127,870$-3,293,326▼ $165,456
Total Liabilities and Net Assets / Fund Balance$15,526,638$13,995,466▼ $1,531,172

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$514,066$2,726,515$3,240,581
Leasehold Improvements$1,362,023$1,014,352$2,376,375
Other Land Buildings$108,912-$108,912
Buildings$0$33,057$33,057
Other Assets Org$1,540,620--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kai Hans HammerichPhysicianFT$821,054$424,174$1,245,228
THOMAS O'SHEAPhysicianFT$693,693$40,983$734,676
Vanessa MalitPhysicianFT$676,044$50,428$726,472
Morenikeji Ayodele BuraimohPhysicianFT$650,076$38,245$688,321
Kyle LaveryPhysicianFT$577,263$40,070$617,333
Liran Blum MdDirector / PhysicianFT$356,617$119,724$476,341
Andrew Lim MdMedical DirectorFT$435,923$382$436,305
Robert Black MdVice Chair of the Board-$434,871$148$435,019
Rupalini Rawal-dhingra MdChair of the BoardFT$353,239$46,200$399,439
Toshita Kumar MdDirector (until 11/23) / PhysicianFT$361,394$29,397$390,791
Saima PashaDirector-$303,212$78,840$382,052
Margarita Reyes MdVice Chair (until 5/23)FT$287,301$52,490$339,791
Keona Dawson-camerota AprnDirector (until 1/24)FT$149,492$139$149,631
Matthew Hunt AprnDirector-$110,383$5,852$116,235

Board Members and Trustees

NameTitle
Chris Ann MeaneyPresident of Bhmg
Kurt BarwisPresident, CEO & CFO
Louis Auletta JrDirector
Glenn HeiserDirector (until 4/24)
Henry Edward VincentExecutive Director
John Lodovico JrSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
ComphealthPhysician Services7529 S BINGHAM JUNCTION BLVD, Midvale, UT 84047$503,169
Charter Anesthesiology LLCAnesthesiology Services151 MAIN STREET, Bristol, CT 06010$457,291
Chaleel LLCPhysician Services9 HILLDALE ROAD, West Hartford, CT 06117$397,580
Medcare Business Solutions LLCBilling Services59 PLEASANT STREET APT 2, Boston, MA 02125$177,973
Marlene Murphy SetzkoPhysician Services15 RIVERSIDE AVENUE UROLOGY, Bristol, CT 06010$174,488
Revenue and Support

Revenue Composition

Contributions and Grants
$9,460,303
Program Service Revenue
$27,574,766
Investment Income
$-22,512
Other Revenue
$1,310,376
Change in Net Assets
$-17,824,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,322,933
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,659,203
Total Revenue per Audited Statements
$55,982,136
Total Revenue per Form 990
$38,322,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,753,167
Other Expenses$17,394,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,692,456$2,419,229-$36,111,685
Fees for Services Other$4,538,388--$4,538,388
Depreciation Depletion$2,297,345$8,356-$2,305,701
Payroll Taxes$1,810,819$178,334-$1,989,153
Insurance$1,409,891--$1,409,891
Occupancy$1,104,764--$1,104,764
Office Expenses$737,727$211,850-$949,577
Other Employee Benefits$173,124$275,428-$448,552
Interest$258,691--$258,691
Pension Plan Contributions$153,786$49,991-$203,777
Fees for Services Legal$41,766$4,458-$46,224
Other Expenses$30$10,740-$10,770
Total Functional Expenses$47,917,003$8,230,589$0$56,147,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$56,147,592
Total Expenses per Audited Statements$56,147,592
Total Expenses per Form 990$56,147,592
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use Assets, Finance Leases$5,538,135
Right-of-use Assets, Operating Leases$1,563,746
Cash Overdraft$76,683
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has a sole member, which is bristol hospital and health care group, inc.

Form 990, Part VI, Section A, Line 7A

The organization has a sole member, which is bristol hospital and health care group, inc. The member has the right to elect the members of the governing body.

Form 990, Part VI, Section A, Line 7B

Certain decisions, considered "major actions," require the approval of the sole member, bristol hospital and health care group, inc. These actions include the adoption of the organization's annual budget as well as other major actions. The sole member has full voting rights.

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

A completed 990 is provided to each board member before the return is filed. This provides an opportunity for members to ask questions and follow up with the finance team regarding any issues or concerns. The 990 is also reviewed internally by members of the finance and management teams.

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

The parent organization, bristol hospital and health care group, has three conflict of interest policies - one for the board of directors and committee members, one for non-medical staff employees, and one for medical staff members. Board of directors and committee members each of the above listed persons receives, reads and signs a statement once annually agreeing to comply with the conflict of interest policy. If any actual, apparent or potential conflict of interest arises, the person shall make full disclosure of such actual, apparent or potential conflict of interest, within fifteen (15) days of the time that such conflict is discovered, or at least once annually at the commencement of each calendar year, with regular written updates to accord with any change in circumstances. The governance committee reviews all such disclosures to determine whether an actual, apparent or potential conflict of interest exists. Decisions pertaining to actual, apparent or potential conflicts of interest shall be made by the governance committee. The corporate compliance officer (cco) shall be available to the governance committee upon request. In the event that it determines that an apparent or potential conflict of interest exists, the governance committee shall institute a reasonable compliance management plan including periodic reviews of relationships or activities of any person or relative. Any changes or modifications in such relationships or activities shall be periodically reviewed and evaluated by the governance committee. Non-medical staff employees same process as outlined above with one exception: the oversight, review and determinations of disclosures are made by the cco. The bristol health executive leadership group (elg) shall be available to the cco upon request. Medical staff members medical staff members complete conflict of interest disclosure statements during the initial credentialing process and subsequently every two years during the recredentialing process. Any new relationships that arise in the interim deemed to be a potential conflict must be disclosed in a timely manner. Disclosures are reviewed and determinations are made by the executive committee of the medical staff (ecms). The cco is a member of this committee. In the event that the ecms determines that an apparent or potential conflict of interest exists, a reasonable compliance management plan including periodic reviews of relationships or activities of any person or relative will be instituted. Any changes or modifications in such relationships or activities shall be periodically reviewed and evaluated by the ecms.

Form 990, Part VI, Section B, Line 15B

The organization's ceo/cfo, kurt barwis, and the organization's executive director, edward henry, are compensated by a related organization, bristol hospital, inc. In accordance with irs instructions, part vi, line 15a is therefore marked no. Officers of the organization, rupalini rawal-dhingra, chair of the board, and margarita reyes, vice chair, receive compensation from the organization for their services as physicians. Their compensation is based upon fair market value for physician services in their geographical area.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bristol Hospital Multi-specialty Group
EIN
06-1466555
Phone
8605853469
Address
PO BOX 2828, BRISTOL, CT 06011-2828

Signing Officer

Name
Timothy Ajayi
Title
VP & CFO
Phone
8605853469
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt Barwis
Formed
2011
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
2
Employees
352
Volunteers
3

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
1570 FRUITVILLE PIKE SUITE 400, LANCASTER, PA 17601
Preparer
Kerri N Bogda
Phone
7177404863
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 2A

The filing entity is an affiliate in a group of which bristol hospital, inc. (ein 06-0646559) is considered a common pay agent for w-2 reporting. Bristol hospital reports all employees on its form w-3, however, each affiliate has employees allocated to that entity. Per irs instructions, employees listed on part v, line 2a are those who have been deemed to be employees of this organization. Bristol hospital multi-specialty group, inc. Does not, however, report these employees on a separate w-3 under its own ein.

FORM 990, PART XI, LINE 9:

Transfer from affiliates 17,659,143. Other changes 60.

Financial Statement Notes

PART X, LINE 2:

The corporation accounts for uncertain tax positions with provisions of fasb asc 740, income taxes, which provides a framework for how companies should recognize, measure, present and disclose uncertain tax positions in their consolidated financial statements. The corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The corporation does not have any uncertain tax positions as of september 30, 2024 and 2023. It is the corporation's policy to record penalties and interest associated with uncertain tax provisions as a component of operating expenses. As of september 30, 2024 and 2023, the corporation did not record any penalties or interest associated with uncertain tax positions. The corporation's prior three tax years are open and subject to examination by the internal revenue service. The corporation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Transfer from affiliates 17,659,143. Other changes in net assets 60.

Raw XML AppendixShowing 400 of 978 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE BRISTOL HOSPITAL MULTISPECIALTY GROUP WAS FORMED TO DELIVER A FULL RANGE OF HEALTH AND SPECIALTY CARE SERVICES AT CONVENIENT LOCATIONS THROUGHOUT BRISTOL, CONNECTICUT, AND THE SURROUNDING TOWNS. THEY PROVIDE ACCESSIBLE, HIGH QUALITY, EVIDENCE-BASED, STATE-OF-THE-ART, COST-EFFECTIVE, COMPASSIONATE AND PATIENT-CENTERED HEALTH CARE IN THE COMMUNITIES SERVED BY BRISTOL HOSPITAL. THEY RESPOND APPROPRIATELY TO EVOLVING COMMUNITY HEALTH CARE NEEDS AND TO CHANGES IN TECHNOLOGY AND THE HEALTH CARE SYSTEM; AND THEY ASSURE A SUSTAINABLE LEGACY OF HEALTH CARE SERVICE EXCELLENCE IN THOSE COMMUNITIES. THESE SERVICES ARE AVAILABLE TO ALL PERSONS, WITHOUT REGARD TO THEIR ABILITY TO PAY FOR SUCH SERVICES, AND ARE OPERATIONAL AT ALL TIMES IN FURTHERANCE OF THE TAX-EXEMPT CHARITABLE MISSIONS OF BRISTOL HOSPITAL AND HEALTH CARE GROUP, INC. THE ORGANIZATION'S PHYSICIANS PROVIDE FREQUENT COMMUNITY-WIDE EDUCATION SUCH AS SEMINARS, ARTICLES IN THE LOCAL NEWSPAPERS, AND SESSIONS AT THE SENIOR CENTERS AND SCHOOLS. THESE COMMUNITY EVENTS ALSO PROVIDE THE PUBLIC THE OPPORTUNITY TO INTERACT WITH THE PHYSICIANS AT NO COST.
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