Overview
What is Baystate Wing Hospital Corporation?
Baystate Wing Hospital Corporation, located at 40 Wright Street in Palmer, Massachusetts, is a nonprofit organization dedicated to delivering inpatient healthcare services in the surrounding region. They offer community-based medicine and tertiary care, ensuring access to individuals regardless of their ability to pay. In the previous fiscal year (FY22), the organization provided 22,079 patient days of inpatient services, resulting in 3,569 discharges. Baystate Wing Hospital Corporation is committed to enhancing community health with quality and compassion, employing a workforce of 892 individuals.
Official website here: www.baystatewinghospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Baystate Wing Hospital Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The high overall score primarily stems from its excellent performance in accountability and finance, demonstrating the organization’s commitment to transparency and effective management of resources.
The organization boasts a majority independent board, which enhances its governance structure, and has a strong financial oversight framework in place. Key indicators such as a program expense ratio of 91.83% suggest that a significant portion of its funding is directed towards its programs and services, indicating a focus on fulfilling its mission.
However, there are some areas for improvement, as evidenced by its liabilities to assets ratio of 58.09%, which, while not alarming, highlights the need for ongoing monitoring of financial health. Overall, Baystate Wing Hospital Corporation demonstrates a solid foundation in financial accountability, making it a trustworthy choice for donors looking to support healthcare services.
This AI summary has been generated from information found on Charity Navigator.
Is Baystate Wing Hospital Corporation legitimate?
Baystate Wing Hospital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baystate Wing Hospital Corporation 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: $261,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,291,980
For more financial information, click here
Official website here: www.baystatewinghospital.org
What is the mission statement of Baystate Wing Hospital Corporation?
The Baystate Wing Hospital Corporation is dedicated to enhancing the health and wellbeing of individuals in their communities each day. They provide top-quality and compassionate inpatient healthcare services, offering community-based medicine and tertiary care to the surrounding region. Their services are accessible to people regardless of their ability to pay. During fiscal year 2022, the hospital corporation offered 22,079 patient days of inpatient services and discharged 3,569 patients.
Official website here: www.baystatewinghospital.org
What is the revenue of Baystate Wing Hospital Corporation?
Baystate Wing Hospital Corporation's revenue in 2023 was $106,293,114.
Official website here: www.baystatewinghospital.org
Who are the executives of Baystate Wing Hospital Corporation and what are their salaries?
The average compensation at Baystate Wing Hospital Corporation during 2023 was $41,728. There are 876 employees and 40 volunteers at Baystate Wing Hospital Corporation.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $807,143
- Other: $35,806
- Compensation: $375,628
- Related: $0
- Other: $42,356
- Compensation: $0
- Related: $368,504
- Other: $48,305
- Compensation: $351,614
- Related: $0
- Other: $48,356
- Compensation: $0
- Related: $103,944
- Other: $12,855
- 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: $1,132,360
- Other: $27,717
- Compensation: $0
- Related: $617,217
- Other: $46,111
- Compensation: $0
- Related: $171,356
- Other: $48,217
- Compensation: $212,170
- Related: $0
- Other: $49,494
- Compensation: $229,078
- Related: $0
- Other: $41,220
- Compensation: $231,656
- Related: $0
- Other: $23,332
- Compensation: $164,148
- Related: $0
- Other: $32,439
- Compensation: $158,099
- Related: $0
- Other: $19,007
- Compensation: $163,443
- Related: $0
- Other: $8,326
Official website here: www.baystatewinghospital.org
Where can I find the form 990 for Baystate Wing Hospital Corporation?
Baystate Wing Hospital Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baystatewinghospital.org
Learn more at the official website: www.baystatewinghospital.org
Mission Statement of Baystate Wing Hospital Corporation
Baystate Wing Hospital Corporation, a mission-driven organization, strives to enhance the health and well-being of individuals in their communities each day. They do so with a commitment to delivering quality and compassionate care. Outside of financial considerations, the corporation offers inpatient healthcare services. In the recent fiscal year 2022, Baystate Wing Hospital Corporation provided 22,079 patient days worth of inpatient services and discharged 3,569 individuals from their care. These figures underscore their dedication to the community and their ability to cater to a substantial number of patients. By offering community-based medicine and tertiary care, they address the diverse healthcare needs of the surrounding region.
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Impact
October, 2024
Baystate Wing Hospital Corporation plays a crucial role in enhancing the overall health and well-being of the communities it serves. By providing quality inpatient healthcare services, it ensures that residents have access to essential medical care, irrespective of their ability to pay. This commitment is evident in the significant number of patient days and discharges recorded, with over 22,000 patient days and nearly 3,600 discharges during FY22. The hospital's focus on community-based medicine and tertiary care not only addresses immediate health needs but also contributes to the long-term health outcomes of the region. Through quality and compassionate care, Baystate Wing Hospital Corporation makes a meaningful impact on the lives of countless individuals in Palmer, Massachusetts, and surrounding areas.
This information is meant to be a general summary of Baystate Wing Hospital Corporation. 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 2023.
- Investment Income: $393,575
- Program Service Revenue: $101,961,717
- Gross Receipts: $155,061,763
Assets and Liabilities:
- Total Assets: $82,641,087
- Total Liabilities: $56,931,698
- Net Assets: $25,709,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OUTPATIENT REVENUE
Revenue
$56,072,335
INPATIENT REVENUE
Revenue
$44,501,043
MCD WAIVER SAFETY NET
Revenue
$1,047,786
INTERCOMPANY RENT
Revenue
$340,553
Organization Details
Founding Year
1984
Principal Officer
Raymond Mccarthy
Website
www.baystatewinghospital.orgNTEE Category
Code: E22 - Health
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