Westfield Medical Corporation
Nonprofit profile at a glance
- EIN
- 043127730
- IRS 990 coverage
- 2009–2018
- Forms available
- Form 990 2018
- Location
- Westfield, MA, USA
- Phone
- 4135682811
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Group Health Practice (Health Maintenance Organizations)
Reported finances
- Revenue
- $6,532,918
- Expenses
- $11,495,082
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- Andrew Artenstein MD (Trustee/President BMP CPE CAO)
- Mark A Keroack MD (Trustee/ President & CEO, BH)
- Ronald P Bryant (President)
Highest reported compensation
- Mark A Keroack MD (Trustee/ President & CEO, BH): $2,067,548 total reported compensation
- Andrew Artenstein MD (Trustee/President BMP CPE CAO): $1,104,044 total reported compensation
- Dennis Chalke (Treasurer): $1,038,102 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to improve the health of the people in our communities every day, with quality and compassion.
What it reported doing in 2018
Westfield Medical Corporation (WMC), provides physician services and medical education to people in the community within its geographic location. WMC's policy is to provide care to any patient in need of medical care, regardless of the patient's ability to pay for such care. Dependent upon the patient's financial capability to pay, WMC may provide such care free of charge or at amounts below its normal charges. Because WMC does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue.In addition to the charity care provided to patients, WMC's physicians participate in many and varied ongoing community outreach initiatives in the areas of education, safety and health.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for affiliated organizations.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 81
- Sustainability: 3
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 76.2%; rating input score 76; 13th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: -76%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 12.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 12.4% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 16 of 21 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $11.5M in reported program spending
- Leadership: top reported pay $2.1M · 31 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.5M reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 10 filing years from 2009 to 2018
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 18 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 19/100.