Athol Memorial Hospital
Nonprofit profile at a glance
- EIN
- 042126583
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Athol, MA, USA
- Phone
- 9782493511
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $51,800,500
- Expenses
- $42,064,295
- Assets
- $34,743,212
- Liabilities
- $6,951,573
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- Rozanna Penney (President/CEO)
- Thomas Sullivan (Past President/CEO)
Highest reported compensation
- Phani Molakatalla MD (Trustee/Gastroenterology Physician): $707,032 total reported compensation
- Rozanna Penney (President/CEO): $653,352 total reported compensation
- Craig Napolitano MD (Trustee): $640,922 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to be our region's first choice for quality, compassionate, patient-centered care.
What it reported doing in 2024
Athol Hospital provides various outpatient services such as an Emergency Room, on-site Cardiac specialists, high tech laboratory, cardiopulmonary testing, a short stay unit, advanced imaging, rehabilitation services, and many others on an outpatient basis.Athol Hospital provides inpatient acute care services, as well as a Swing Bed program, which transitions beds from acute care to sub-acute care to accommodate the rehabilitation needs of recovering patients.Athol Hospital has three provider based practices: one was an established Rural Health Clinic, and the other was converted to a Rural Health Clinic in 2020, and the last one is to be our communities' trusted choice for exceptional patient-centered care.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 85
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.3%; rating input score 78
- Program expense ratio: 96.4%; rating input score 96
- Fundraising efficiency: $7.28 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 73.7%; rating input score 74; 23rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.8%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 78.3% of revenue deployed · 96.4% of spending went to programs
- Governance: 14 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $40.6M in reported program spending
- Leadership: top reported pay $707K · 29 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.7M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.