Civic Intelligence

Bmc Health System Inc

990 • Fiscal year 2014 • EIN 46-3556853

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 11, 2015

One Boston Medical Center PlaceSuite02118

(617) 638-7901

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2014

Top Officer Pay

100th percentile

$1,291,363

Higher top officer pay than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$0

Down $1 (-100%) from 2013

Net Assets

Flat

$0

Flat from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Flat

$0

Flat from 2013

Expenses

Flat

$0

Flat from 2013

Net Income

Flat

$0

Flat from 2013

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0-$20MAssets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $64,009,769Liabilities 2015: $9,861,095Net Assets 2015: $54,148,6742015Assets 2016: $64,502,942Liabilities 2016: $19,966,522Net Assets 2016: $44,536,4202016Assets 2017: $62,596,773Liabilities 2017: $29,886,525Net Assets 2017: $32,710,2482017Assets 2018: $30,559,471Liabilities 2018: $13,443,732Net Assets 2018: $17,115,7392018Assets 2019: $26,075,339Liabilities 2019: $6,942,836Net Assets 2019: $19,132,5032019Assets 2020: $35,307,136Liabilities 2020: $36,114,808Net Assets 2020: -$807,6722020Assets 2021: $32,089,723Liabilities 2021: $29,723,712Net Assets 2021: $2,366,0112021Assets 2022: $36,520,974Liabilities 2022: $28,637,797Net Assets 2022: $7,883,1772022Assets 2023: $48,781,842Liabilities 2023: $33,504,079Net Assets 2023: $15,277,7632023Assets 2024: $50,816,540Liabilities 2024: $33,336,097Net Assets 2024: $17,480,4432024

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$300M$200M$100M$0-$100MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $51,068Expenses 2015: $8,817,413Net Income 2015: -$8,766,3452015Revenue 2016: $55,247Expenses 2016: $11,717,243Net Income 2016: -$11,661,9962016Revenue 2017: $52,672Expenses 2017: $14,990,895Net Income 2017: -$14,938,2232017Revenue 2018: $18,290,998Expenses 2018: $35,783,640Net Income 2018: -$17,492,6422018Revenue 2019: $13,633,075Expenses 2019: $23,573,296Net Income 2019: -$9,940,2212019Revenue 2020: $175,232,629Expenses 2020: $183,215,805Net Income 2020: -$7,983,1762020Revenue 2021: $189,200,474Expenses 2021: $200,143,731Net Income 2021: -$10,943,2572021Revenue 2022: $234,822,561Expenses 2022: $234,205,395Net Income 2022: $617,1662022Revenue 2023: $299,557,088Expenses 2023: $292,162,502Net Income 2023: $7,394,5862023Revenue 2024: $275,159,627Expenses 2024: $272,956,947Net Income 2024: $2,202,6802024

Highlighted filing

2014

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 11, 2015
Return Version
2013v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Bmc health system, inc.'s mission is to provide governance, long-term strategic planning, and budgetary and financial assistance for boston medical center corporation and other affiliates that share their mission to support boston medical center corporation.

BMC Health System, Inc.'s mission is to provide governance, long-term strategic planning, and budgetary and financial assistance for Boston Medical Center and its affiliates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Other Assets Total$0$0→ $0
Total Assets$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Employees

NameTitleOtherTotal
Edmond EnglishTrustee/chair$1,291,363$1,291,363
David AmentTrustee$706,102$706,102
Jack CradockTrustee$393,338$393,338

Board Members and Trustees

NameTitle
Kathleen E WalshPresident/trustee
David PassafaroTrustee
James PhalenTrustee
Mark NunnellyTrustee
Martha SamuelsonTrustee
Peggy KoenigTrustee
Richard SlifkaTrustee
William R Creevy MdTrustee
Raymond Hammond MdTrustee (as of 3/11/2014)
David BeckClerk
Richard SilveriaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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

DAVID PASSAFARO KATHLEEN E. WALSH BUSINESS RELATIONSHIP EACH SERVES AS A DIRECTOR OF BOSTON MEDICAL CENTER INSURANCE COMPANY, LTD. CERTAIN OFFICERS AND DIRECTORS OF BMC Health System,Inc. ALSO SERVE AS OFFICERS AND DIRECTORS OF BOSTON MEDICAL CENTER, A RELATED ORGANIZATION. FORM 990, PART VI, LINE 11B BMC HEALTH SYSTEM, INC.'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS (PWC) AND REVIEWED BY BOSTON MEDICAL CENTER'S (BMC) INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, BMC'S INTERNAL MANAGEMENT AND PWC PRESENT THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED WITH THE IRS.

Form 990, Part VI, Line 12C

Conflict of interest questionnaires for the fiscal year ending september 30, 2014 were distributed by bmc's corporate compliance department. The chief compliance officer or her designee queries trustees, officers and directors on at least an annual basis regarding relationships that may create potential conflicts of interest. The chief compliance officer or her designee reviews all disclosures and determines whether there are actual or potential conflicts of interest. The chief compliance officer or her designee informs the general counsel of any actual or potential conflicts of interest. The general counsel advises the board of trustees and officers of the corporation accordingly.

Form 990, Part VI, Line 15A&B

The officers are not compensated in their capacity as officers of bmc health system, inc. They are also employees of boston medical center ("bmc"), for which they are compensated. Therefore, their compensation and benefits are determined by bmc.

Form 990, Part VI, Line 19

Bmc health system, inc. Does not make its governing documents, conflict of interest policy, or financial statements publicly available. However, the articles of the organization are posted on the secretary of the commonwealth's website.

Filing and Contact Details

Filer

EIN
46-3556853
In Care Of
% JOHN C LINDSTEDT
Phone
6176387901

Signing Officer

Name
Richard Silveria
Title
Treasurer
Phone
6176387901
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen E Walsh
Formed
2013
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

Preparer
Gwen Spencer
Phone
6176387901
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10BOSTON MEDICAL CENTER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHLEEN E WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD SILVERIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID BECK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CLERK
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BMC HEALTH SYSTEM, INC. RELIED ON BOSTON MEDICAL CENTER (BMC), A RELATED ORGANIZATION OF BMC HEALTH SYSTEM, INC., TO ESTABLISH ITS PRESIDENT/CEO'S COMPENSATION. ALL METHODS INCLUDED ON LINE 3 ARE UTILIZED BY BMC TO ESTABLISH THE PRESIDENT/CEO'S COMPENSATION. SCHEDULE J, PART I, LINE 4B BOSTON MEDICAL CENTER PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. AMOUNTS ARE CREDITED TO PARTICIPANTS' ACCOUNTS EACH YEAR. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. NO AMOUNTS BECAME VESTED OR WERE PAID IN CALENDAR YEAR 2013. BMC PROVIDED A SEPARATE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO KATHLEEN E. WALSH, PRESIDENT AND CEO AS OF MARCH 1, 2010. PURSUANT TO THE TERMS OF THE AGREEMENT, certain amounts were credited to the President and CEO's account in prior years. THESE AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT WILL BE MADE ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE AGREEMENT. No amounts were accrued or vested under the plan in 2013.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID PASSAFARO KATHLEEN E. WALSH BUSINESS RELATIONSHIP EACH SERVES AS A DIRECTOR OF BOSTON MEDICAL CENTER INSURANCE COMPANY, LTD. CERTAIN OFFICERS AND DIRECTORS OF BMC Health System,Inc. ALSO SERVE AS OFFICERS AND DIRECTORS OF BOSTON MEDICAL CENTER, A RELATED ORGANIZATION. FORM 990, PART VI, LINE 11B BMC HEALTH SYSTEM, INC.'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS (PWC) AND REVIEWED BY BOSTON MEDICAL CENTER'S (BMC) INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, BMC'S INTERNAL MANAGEMENT AND PWC PRESENT THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE FORM BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST QUESTIONNAIRES FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2014 WERE DISTRIBUTED BY BMC'S CORPORATE COMPLIANCE DEPARTMENT. THE CHIEF COMPLIANCE OFFICER OR HER DESIGNEE QUERIES TRUSTEES, OFFICERS AND DIRECTORS ON AT LEAST AN ANNUAL BASIS REGARDING RELATIONSHIPS THAT MAY CREATE POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER OR HER DESIGNEE REVIEWS ALL DISCLOSURES AND DETERMINES WHETHER THERE ARE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER OR HER DESIGNEE INFORMS THE GENERAL COUNSEL OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE GENERAL COUNSEL ADVISES THE BOARD OF TRUSTEES AND OFFICERS OF THE CORPORATION ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS ARE NOT COMPENSATED IN THEIR CAPACITY AS OFFICERS OF BMC HEALTH SYSTEM, INC. THEY ARE ALSO EMPLOYEES OF BOSTON MEDICAL CENTER ("BMC"), FOR WHICH THEY ARE COMPENSATED. THEREFORE, THEIR COMPENSATION AND BENEFITS ARE DETERMINED BY BMC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BMC HEALTH SYSTEM, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS PUBLICLY AVAILABLE. HOWEVER, THE ARTICLES OF THE ORGANIZATION ARE POSTED ON THE SECRETARY OF THE COMMONWEALTH'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 15A&B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 19
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