Sturdy Health

What it reported doing in 2023

Sturdy memorial hospital, inc. Is a not-for-profit acute care community hospital which is dedicated to providing a broad range of health care services to the residents of attleboro, Massachusetts and surrounding communities. The hospital generates virtually all of its revenues in pursuit of its exempt purposes, which is to provide comprehensive diagnostic, therapeutic, and educational health care services to residents of its communities. The hospital provides high quality care to the sick and injured, on both an inpatient and outpatient basis, without regard to race, creed, national origin age, gender, disability, or ability to pay. The hospital treated 11,917 inpatients and observation patients, including births, of which there were 669. (continued on schedule o). The hospital treated 52,160 patients in the emergency room and performed surgery on 1,525 inpatients and 9,280 outpatients.the hospital provides many other services of which the following is a partial list: oncology 7,877 visits; mansfield health center- 16,854 visits; cardiac rehabilitation- 9,567 visits; and wound care- 3,842 visits. In addition, the hospital provides a variety of ancillary services - a partial list includes: laboratory, radiology, mammography, computerized tomography, mri, nuclear medicine, vascular, ultrasound, sleep study and physical therapy.the hospital provided approximately $13,027,231 in services for those who could not pay (free care) or would not pay (bad debt) in fiscal year 2024. In addition, the hospital provided approximately $13,294,697 in un-reimbursed masshealth (medicaid) services during the year. Further, the hospital provides a number of programs to benefit our community either at no charge or at reduced rates. The hospital also provides leadership in the integration of health services for the communities it serves. Sturdy memorial hospital continues to partner with column health to bring substance use disorder treatment to our community.

Financial Efficiency

• Mission deployment rate: 83.3%; rating input score 83
• Program expense ratio: 86.1%; rating input score 86
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 29th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.7%; rating input score 100; 44th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: No; rating input score 0
• Public monitoring controls: 0 of 8 controls in place; rating input score 0
• Public policy transparency: 0 of 7 controls in place; rating input score 0
• Public financial transparency: 2 of 5 controls in place; rating input score 40
• Impact reporting controls: 4 of 7 controls in place; rating input score 57
• Public relationship transparency: No; rating input score 0

Accountability

• Independent voting board: 86.7%; rating input score 87; 34th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
• Public governance controls: 0 of 4 controls in place; rating input score 0
• Zakat policy transparency: Limited

Sustainability

• Operating margin: 1.6%; rating input score 45; 45th percentile among comparable filings
• Operating reserve ratio: 2.27; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 7.2% per year; rating input score 100; 59th percentile among comparable filings
• Revenue growth: 4.9% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 5.7% per year; rating input score 100; 43rd percentile among comparable filings