Salem Hospital in Salem, Massachusetts (MA)

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Salem Hospital
Employer Identification Number (EIN)042121376
Name of OrganizationSalem Hospital
AddressSalem, MA 01970
Tax Period2002
Asset Amount$83,951,736
Amount of Income$218,334,042
Form 990 Revenue Amount$218,334,042
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2002: $218,334,042
Salem Hospital: 

 $218,334,042
Other organizations performing similar types of work: 

 $129,251,994

Assets in 2002: $83,951,736
This organization: 

 $83,951,736
Other organizations performing similar types of work: 

 $122,242,322

Expenses in 2002: $246,012,984
Salem Hospital: 

 $246,012,984
Other organizations performing similar types of work: 

 $119,720,646

Income to expenses ratio in 2002: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 81.4%
Salem Hospital: 

 81.4%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2002: 2,618
Salem Hospital: 

 2,618
Other organizations performing similar types of work: 

 1,105

Employees paid over $50,000 in 2002: 33.5%
This organization: 

 33.5%
Other organizations performing similar types of work: 

 28.8%

Grants share in income in 2002: 1.2%
This organization: 

 1.2%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$211,404,458$217,285,799$218,334,042
Contributions, gifts, grants, and similar amounts received$3,726,033$3,498,392$2,673,929
Contributions to donor advised funds
Direct public support$3,726,033$3,498,392$2,673,929
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$183,302,345$190,303,019$192,478,722
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$456,400$538,559$910,563
Dividends and interest from securities$2,487,544$-1,254,312$855,469
Net rental income or (loss)$119,966$129,035$145,865
Gross rents$119,966$129,035$145,865
Less: rental expenses$0$0$0
Other investment income$1,069,905$875,000$967,072
Gain or (loss) from sales of assets other than inventory$209,492$0$0
Gross amount from sales of assets other than inventory$209,492$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$20,032,773$23,196,106$20,302,422
Total expenses$206,051,017$215,031,304$246,012,984
Program services$165,324,630$172,790,138$200,301,865
Management and general$40,726,387$42,241,166$45,711,119
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$117,729,806$111,201,168$83,951,736
Excess or (deficit) for the year$5,353,441$2,254,495$-27,678,942
Net assets or fund balances at beginning of year$127,015,414$117,729,806$111,201,168
Other changes in net assets or fund balances$-14,639,049$-8,783,133$429,510
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$246,012,984$200,301,865$45,711,119$0
Grants paid from donor advised funds
Other grants and allocations$7,909,477
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$111,699,082$96,257,231$15,441,851$0
Pension plan contributions not included above$3,582,097$3,086,890$495,207$0
Employee benefits not included above$10,403,334$8,891,042$1,512,292$0
Payroll taxes$8,565,869$7,381,680$1,184,189$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$44,253,668$37,987,893$6,265,775$0
Telephone$748,524$0$748,524$0
Postage and shipping$292,341$0$292,341$0
Occupancy$2,369,710$1,824,677$545,033$0
Equipment rental and maintenance$5,849,707$4,795,549$1,054,158$0
Printing and publications$31,351$31,351$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$377,611$235,356$142,255$0
Interest$1,878,626$1,446,542$432,084$0
Depreciation, depletion, etc.$10,605,463$8,166,207$2,439,256$0
Other expenses not covered above$37,446,124$22,287,970$15,158,154$0
Balance Sheets
200020012002
Total assets$174,388,674$173,936,205$171,654,639
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$4,698,599$5,950,736$8,103,032
Accounts receivable less allowance for doubtful accounts$25,435,495$26,229,449$28,529,506
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$14,134,502$13,173,951$2,372,521
Inventories for sale or use$884,347$967,995$1,203,366
Prepaid expenses and deferred charges$2,218,642$2,224,571$1,699,025
Investments - publicly-traded securities
Investments - other securities$64,680,117$47,649,142$53,551,421
Investments - land, buildings, and equipment less accumulated depreciation$61,500$61,500$61,500
Investments - other$3,101,704$9,907,610$7,546,744
Land, buildings, and equipment less accumulated depreciation$51,893,856$62,349,109$68,587,524
Other assets, including program-related investments$7,279,912$5,422,142$0
Total liabilities$56,658,868$62,735,037$87,702,903
Accounts payable and accrued expenses$23,153,977$25,956,024$28,101,032
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$33,157,089$28,455,000$26,710,000
Mortgages and other notes payable$0$6,969,319$24,430,123
Other liabilities$347,802$1,354,694$8,461,748
Total liabilities and net assets/fund balances$174,388,674$173,936,205$171,654,639
Total net assets or fund balances$117,729,806$111,201,168$83,951,736
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$211,404,458$217,285,799$218,334,042
Total revenue, gains, and other support per audited financial statements$207,910,000$214,649,000$215,134,000
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$3,494,458$2,636,799$3,200,042
Investment expenses$0$0$0
Other$3,494,458$2,636,799$3,200,042
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$206,051,017$215,031,304$246,012,984
Total expenses and losses per audited financial statements$206,051,000$215,031,000$246,013,000
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$17$304$-16
Investment expenses$0$0$0
Other$17$304$-16
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20062,618
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$6,687,409$9,118,613$199,854,091
Program service revenue
Program service revenue 1Medical and diagnostic laboratories$18,851,39600$0$361,261,928
Program service revenue 2Medical and diagnostic laboratories$-13,195,97800$0$-163,929,724
Program service revenue 3000000$000$0$-10,508,900
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$910,563$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$855,469$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$145,865$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$967,072$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdministrative and support services$1,031,991Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$6,239,644$13,030,787
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
042912630100%$0$2,800
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$745,600$0$0
$436,361$40,781$0
$369,311$23,827$0
$352,743$27,371$0
$335,729$23,456$0
Total number of other employees paid over $50,000872
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2Baystate Medical Center Inc12 Southwood Circle, Hampden, MA 01036MA1983-06$1,009,782,003
3Lahey Clinic Hospital Inc41 Mall Rd, Burlington, MA 01805-0001MA1994-10$795,374,938
4Tufts Medical Center Parent Inc, Group Return800 Washington Street Box 468, Boston, MA 02111-1552MA2008-05$718,450,671
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6South Shore Hospital Inc55 Fogg Rd, S Weymouth, MA 02190-2432MA1982-11$481,866,623
7The Lowell General Hospital295 Varnum Ave, Lowell, MA 01854-2134MA1939-07$467,482,731
8Berkshire Medical Center Inc725 North St, Pittsfield, MA 01201-4109MA1984-01$373,390,080
9Northeast Hospital Corporation85 Herrick St, Beverly, MA 01915-1790MA1934-01$341,907,355
10Mount Auburn Hospital330 Mount Auburn St, Cambridge, MA 02138-5502MA1936-11$314,011,101
11Sturdy Memorial Hospital Inc211 Park St, Attleboro, MA 02703-3143MA1982-11$257,563,866
12Syracuse Community Health Center Inc819 S Salina St, Syracuse, NY 13202-3527NY1992-09$24,912,238
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16Steward St Elizabeths Medical Center Of Boston Inc30 Perwal St, Westwood, MA 02090-1928MA1946-03$24,402,508
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19Jones County Regional Healthcare System1601 Columbia St, Stamford, TX 79553-6863TX2014-09$10,742,038
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Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas22
Arizona15
California112
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida53
Georgia52
Hawaii5
Iowa27
Idaho9
Illinois104
Indiana48
Kansas25
Kentucky32
Louisiana22
Massachusetts44
Maryland41
Maine19
Michigan58
Minnesota34
Missouri50
Mississippi19
Montana11
North Carolina47
North Dakota12
Nebraska20
New Hampshire21
New Jersey50
New Mexico7
Nevada4
New York130
Ohio96
Oklahoma17
Oregon24
Pennsylvania131
Rhode Island10
South Carolina15
South Dakota9
Tennessee25
Texas57
Virginia37
Vermont8
Washington22
Wisconsin67
West Virginia24
International10
Total1,729

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