Non-profit hospitals in Massachusetts: revenue, profit and executive pay

Non-profit hospital organizations

29 organizations

They file for 29 Massachusetts hospitals listed on this site and together reported $16.4 billion in revenue.

Took in more than they spent

66%

19 reported a surplus and 10 a deficit. The typical margin (surplus as a share of revenue) was 1.1%, against 2.9% nationally.

Largest non-profit hospitals in Massachusetts

By total revenue on the latest Form 990. The percentage is the margin: how much of each dollar was left after expenses.

Beth Israel Deaconess Medical Center Inc Boston $2.7 billion Margin 4.3% · Sep 2023 Boston Medical Center Corporation Boston $2.4 billion Margin -1.6% · Sep 2023 Baystate Medical Center Inc Springfield $1.8 billion Margin 1.1% · Sep 2023 Lahey Clinic Hospital Inc Burlington $1.2 billion Margin 6.3% · Sep 2023 Southcoast Hospitals Group Inc Fall River $1.1 billion Margin 7.8% · Sep 2023 South Shore Hospital Inc South Weymouth $828.5 million Margin 0.7% · Sep 2023

Every non-profit hospital organization in Massachusetts

One row per Form 990 filing, with the Massachusetts hospitals it covers. Click a column to sort. Officer pay is the total for all current officers, directors, trustees and key employees together, not one person.

Organization	Revenue	Margin	Officer pay (total)	Net assets	Tax year	IRS filings
Beth Israel Deaconess Medical Center Inc Boston	$2.7 billion	4.3% $114.7 million surplus	$2.9 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Boston Medical Center Corporation Boston	$2.4 billion	-1.6% $38.5 million deficit	$4.2 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Baystate Medical Center Inc Springfield	$1.8 billion	1.1% $19.7 million surplus	–	–	Sep 2023	Full Form 990 filings (ProPublica)
Lahey Clinic Hospital Inc Burlington	$1.2 billion	6.3% $72.9 million surplus	$5.0 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Southcoast Hospitals Group Inc Fall River	$1.1 billion	7.8% $87.2 million surplus	$8.1 million	–	Sep 2023	Full Form 990 filings (ProPublica)
South Shore Hospital Inc South Weymouth	$828.5 million	0.7% $6.1 million surplus	$5.8 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Berkshire Medical Center Inc Pittsfield	$700.9 million	8.9% $62.2 million surplus	$1.5 million	–	Sep 2023	Full Form 990 filings (ProPublica)
The Lowell General Hospital Lowell	$657.1 million	10.2% $66.8 million surplus	$2.6 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Northeast Hospital Corporation Beverly	$464.7 million	5.1% $23.7 million surplus	$1.3 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Beth Israel Deaconess Hospital Plymouth Inc Plymouth	$369.1 million	1.1% $4.1 million surplus	$1.0 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Brockton Hospital Inc Brockton	$367.3 million	13.6% $50.1 million surplus	$1.5 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Mount Auburn Hospital Cambridge	$366.6 million	-6.6% $24.2 million deficit	$2.0 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Emerson Hospital Concord	$358.7 million	-2.4% $8.6 million deficit	$9.2 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Winchester Hospital Winchester	$356.2 million	3.6% $12.8 million surplus	$1.4 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Lawrence General Hospital Lawrence	$340.8 million	-1.4% $4.7 million deficit	$2.6 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Melrosewakefield Healthcare Inc Melrose	$336.3 million	14.8% $49.9 million surplus	$656,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Umass Memorial Health-milford Regional Medical Center Inc Milford	$296.7 million	0.7% $2.1 million surplus	$1.2 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Sturdy Memorial Hospital Attleboro	$290.2 million	1.5% $4.5 million surplus	$3.0 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Holyoke Medical Center Inc Holyoke	$245.5 million	-1.3% $3.1 million deficit	$899,000	–	Sep 2023	Full Form 990 filings (ProPublica)
New England Baptist Hospital Boston	$232.4 million	-3.9% $9.0 million deficit	$879,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Henry Heywood Memorial Hospital Gardner	$186.6 million	-6.4% $11.9 million deficit	$1.6 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Beth Israel Deaconess Hospital - Needham Inc Needham	$170.8 million	18.0% $30.8 million surplus	$691,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Beth Israel Deaconess Hospital- Milton Inc Milton	$152.1 million	-1.3% $1.9 million deficit	$499,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Anna Jaques Hospital Newburyport	$149.5 million	-9.2% $13.8 million deficit	$1.3 million	–	Sep 2023	Full Form 990 filings (ProPublica)
Baystate Franklin Medical Center Greenfield	$128.5 million	0.3% $384,000 surplus	$440,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Baystate Wing Hospital Corporation Palmer	$106.3 million	-1.8% $1.9 million deficit	$262,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Fairview Hospital Great Barrington	$101.8 million	19.0% $19.3 million surplus	$265,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Baystate Noble Hospital Corporation Westfield	$84.8 million	4.5% $3.8 million surplus	$273,000	–	Sep 2023	Full Form 990 filings (ProPublica)
Athol Memorial Hospital Incorporated Athol	$41.4 million	2.3% $961,000 surplus	–	–	Sep 2023	Full Form 990 filings (ProPublica)

Surplus is revenue minus expenses; a negative figure is a deficit. Net assets are what the organization owns minus what it owes. When a health system files one return for several hospitals, the figures are the system's totals, which may include hospitals in other states.

How Massachusetts compares with the U.S.

The typical non-profit hospital organization in Massachusetts kept 1.1% of its revenue after expenses, lower than the national median of 2.9%.

Measure	Massachusetts	United States
Median margin	1.1%	2.9%
Share with a surplus	66%	65%
Median revenue	$340.8 million	$124.0 million
Median officer pay (total)	$1.4 million	$1.3 million

Questions about non-profit hospitals in Massachusetts

What are the largest non-profit hospitals in Massachusetts?

By revenue on their latest IRS Form 990: Beth Israel Deaconess Medical Center Inc ($2.7 billion), Boston Medical Center Corporation ($2.4 billion), Baystate Medical Center Inc ($1.8 billion), Lahey Clinic Hospital Inc ($1.2 billion), Southcoast Hospitals Group Inc ($1.1 billion). Some of these filings cover a whole health system, including hospitals in other states.

How much do non-profit hospitals in Massachusetts make?

The 29 non-profit hospital organizations we matched in Massachusetts reported $16.4 billion in combined revenue on their latest Form 990. 19 reported a surplus (more revenue than expenses) and 10 a deficit. The typical (median) margin was 1.1%, lower than the U.S. median of 2.9%.

Which non-profit hospital in Massachusetts pays its officers the most?

Emerson Hospital reported the highest total: $9.2 million. That is the combined pay of all its current officers, directors, trustees and key employees, not one person. Pay for each named executive is in the full filing.

Do non-profit hospitals in Massachusetts pay taxes?

Non-profit hospitals are exempt from federal income tax and usually from state and local property and sales taxes. In return they are expected to provide community benefits, such as charity care, and must file a public Form 990 with the IRS each year.

Massachusetts hospital finances (Medicare cost reports) All hospitals in Massachusetts Who owns hospitals Non-profit hospitals in every state

Source: IRS Form 990 data (Exempt Organizations Business Master File and SOI annual extracts). Organizations are matched to hospitals by legal name and address. Figures are as filed for the latest available tax year. For-profit and government hospitals don't file a Form 990, so they are not listed. About the data.