Overview
What is Baystate Medical Center Inc?
Baystate Medical Center Inc, located at 759 Chestnut Street, Springfield, Massachusetts, is a renowned nonprofit healthcare provider offering inpatient community-based medicine and tertiary care to the nearby region. With a commitment to serving everyone, regardless of their financial situation, the organization provided 239,855 patient days of inpatient services and discharged 43,585 individuals during FY22. Baystate Medical Center's mission is to enhance the health and well-being of people in their communities every day, with a focus on quality and compassion. This mission translates into 10,249 dedicated employees working tirelessly to create a healthier future for all.
Official website here: www.baystatehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Baystate Medical Center Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The score indicates strong governance, with 71% of its board members being independent, which is a positive sign of organizational oversight. The nonprofit's financial practices are robust, with no material diversion of assets reported and excellent ratios in program expenses, showcasing a commitment to effectively utilizing resources for its mission.
The center has demonstrated transparency in its operations, as evidenced by its comprehensive policies on conflicts of interest, whistleblower protections, and document retention. All relevant documentation, including board meeting minutes, is readily available, further enhancing its credibility. The organization's fiscal health is solid, indicated by a liabilities-to-assets ratio of 48.81%, which suggests a manageable level of debt compared to its assets.
However, while the financial metrics are strong, there is limited feedback available regarding the direct impact of its programs on the community it serves. Potential donors and supporters may want to seek additional information about specific initiatives and outcomes to make a fully informed decision about their engagement with the organization. Overall, Baystate Medical Center Inc stands out for its solid financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Baystate Medical Center Inc legitimate?
Baystate Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baystate Medical Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,443,367
For more financial information, click here
Official website here: www.baystatehealth.org
What is the mission statement of Baystate Medical Center Inc?
Baystate Medical Center Inc is dedicated to enhancing the health and wellbeing of the communities it serves on a daily basis. With a commitment to quality and compassion, the organization provides inpatient healthcare services, offering community-based medicine and tertiary care to individuals, regardless of their ability to pay. In the fiscal year 2022, Baystate Medical Center Inc provided 239,855 patient days of inpatient services, resulting in 43,585 discharges. The mission remains focused on improving the overall health of people in the communities they serve, ensuring a high standard of care is maintained.
Official website here: www.baystatehealth.org
Who is the CEO of Baystate Medical Center Inc?
Raymond Mccarthy is the Trustee/President & Ceo, Bh of Baystate Medical Center Inc. The CEO's salary of Baystate Medical Center Inc is $0 and their total compensation is $2,343,812.
Official website here: www.baystatehealth.org
What is the revenue of Baystate Medical Center Inc?
Baystate Medical Center Inc's revenue in 2022 was $1,716,317,740.
Official website here: www.baystatehealth.org
Who are the executives of Baystate Medical Center Inc and what are their salaries?
The average compensation at Baystate Medical Center Inc during 2022 was $56,829. There are 10249 employees and 142 volunteers at Baystate Medical Center Inc.
Here are 39 key members and their salaries (Baystate Medical Center Inc's CEO's salary is $0 and their total compensation is $2,343,812):
- Compensation: $0
- Related: $2,310,853
- Other: $32,959
- Compensation: $723,929
- Related: $0
- Other: $40,494
- Compensation: $63,420
- Related: $0
- Other: $951
- Compensation: $0
- Related: $40,000
- Other: $0
- Compensation: $7,025
- Related: $0
- Other: $105
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,045,794
- Other: $26,405
- Compensation: $449,406
- Related: $0
- Other: $0
- Compensation: $0
- Related: $168,920
- Other: $42,432
- Compensation: $0
- Related: $60,157
- Other: $12,044
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,417,231
- Other: $228,343
- Compensation: $0
- Related: $716,693
- Other: $50,605
- Compensation: $0
- Related: $693,184
- Other: $34,524
- Compensation: $233,293
- Related: $0
- Other: $0
- Compensation: $455,424
- Related: $0
- Other: $41,205
- Compensation: $425,096
- Related: $0
- Other: $42,473
- Compensation: $415,565
- Related: $0
- Other: $40,945
- Compensation: $422,482
- Related: $0
- Other: $22,550
- Compensation: $364,219
- Related: $0
- Other: $20,114
- Compensation: $0
- Related: $2,436,284
- Other: $26,936
- Compensation: $0
- Related: $439,002
- Other: $20,115
Official website here: www.baystatehealth.org
Where can I find the form 990 for Baystate Medical Center Inc?
Baystate Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baystatehealth.org
Learn more at the official website: www.baystatehealth.org
Mission Statement of Baystate Medical Center Inc
Baystate Medical Center Inc, a compassionate organization, strives to enhance the health and wellbeing of individuals in their communities on a daily basis. With a mission centered around quality and compassion, the institution provides inpatient community-based medicine and tertiary care, accessible to all, regardless of financial capabilities. In the recent fiscal year (FY22), Baystate Medical Center Inc offered 239,855 patient days worth of inpatient services and facilitated 43,585 discharges. These numbers serve as evidence of the organization's commitment to improving the lives of countless individuals in need.
In the heart of its mission, Baystate Medical Center Inc delivers top-tier inpatient healthcare services, catering to the surrounding region with both community-based care and advanced tertiary treatments. The organization's doors are open to all, ensuring that financial barriers do not obstruct access to essential medical care. The institution's dedication to its mission is reflected in the substantial number of patient days and discharges it has provided. These statistics underscore the organization's unwavering commitment to the health and wellbeing of the diverse population it serves.
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Impact
October, 2024
Baystate Medical Center Inc plays a significant role in enhancing the health and well-being of the Springfield community and surrounding regions. Its commitment to providing high-quality, community-based inpatient healthcare services is evident in the substantial care it delivers, demonstrated by over 239,855 patient days and 43,585 discharges in FY22. The center ensures access to care for all individuals, regardless of their ability to pay, reflecting its dedication to compassionate healthcare.
Through its comprehensive range of services, Baystate Medical Center Inc not only addresses immediate medical needs but also fosters overall community health. By prioritizing quality care and accessibility, it positively impacts countless lives, improving health outcomes and promoting a healthier community every day.
This information is meant to be a general summary of Baystate Medical Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $117,865,107
- Program Service Revenue: $1,479,412,681
- Gross Receipts: $1,885,074,836
Assets and Liabilities:
- Total Assets: $1,548,788,530
- Total Liabilities: $755,976,190
- Net Assets: $792,812,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INPATIENT REVENUE
Revenue
$771,595,768
OUTPATIENT REVENUE
Revenue
$687,781,304
SPONSORED PROGRAM REV.
Revenue
$12,362,806
MCD WAIVER SAFETY NET
Revenue
$4,649,328
INTERCOMPANY REVENUE
Revenue
$3,023,475
Organization Details
Founding Year
1983
Phone
(413) 794-0000Principal Officer
Raymond Mccarthy
Main Address
759 CHESTNUT STREET, SPRINGFIELD, MA, 01199
Website
www.baystatehealth.orgNTEE Category
Code: E220 - Health
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