UMASS Memorial Health - Milford Regional Medical Center
UMASS Memorial Health - Milford Regional Medical Center reported $292.8 million in revenue and $301.5 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $85.10 went to program services, $14.63 to management and general costs and $0.27 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.7% of the total. The highest compensation it reported for one person was $1,038,422 (President and CEO). 342 people received more than $100,000 in reportable compensation. Revenue rose 26% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending September 30, 2024 · Form 990, Part IX, line 25 · total expenses $302MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2024 · Form 990, Part VIII · total revenue $293MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.6% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.70 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,038,422 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.34% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 342 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 · Form 990, Part III · the three largest programs by expenseA full-service, community and regional teaching hospital, Milford Regional is a 148-bed, nonprofit, acute-care facility serving a region of 20-plus towns in central Massachusetts. With over 300 primary care and specialty physicians on the medical staff, our physicians are skilled in the most advanced procedures and technology, and provide personalized patient care in a warm and caring environment. Many hold teaching appointments at New England's finest medical schools preparing the doctors of tomorrow. In FY2024, Milford Regional provided over 60,000 visits in its 52-bed emergency department.…
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President and CEO Officer, 40 hrs/week | $851,149 | $0 | $187,273 | $1,038,422 |
| Chief Medical Officer Key employee, 40 hrs/week | $587,554 | $0 | $79,980 | $667,534 |
| Executive VP and Chief Operating Officer Key employee, 40 hrs/week | $569,260 | $0 | $63,916 | $633,176 |
| VP Finance and CFO Key employee, 40 hrs/week | $375,036 | $0 | $70,202 | $445,238 |
| Chief Quality Officer Key employee, 40 hrs/week | $382,220 | $0 | $59,938 | $442,158 |
| VP of Patient Care Services Key employee, 40 hrs/week | $372,469 | $0 | $59,989 | $432,458 |
| VP Human Resources Key employee, 40 hrs/week | $339,739 | $0 | $56,405 | $396,144 |
| Trustee Director/trustee, 40 hrs/week | $0 | $352,597 | $17,936 | $370,533 |
342 people received more than $100,000 in reportable compensation from UMASS Memorial Health - Milford Regional Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,131
- Volunteers Part I, line 6269
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| Alliance Healthcare Services MRI Services/PET Services | $5,111,609 |
| University of Massachusetts Physician Services | $2,042,527 |
| Change Healthcare Revenue Cycle Management | $1,458,612 |
| Brigham & Women's Physician Organization Leased employee services | $1,208,912 |
| Laboratory Corporation of America Laboratory Supprt | $1,197,537 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to UMASS Memorial Health - Milford Regional Medical Center totaling $35,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from UMASS Memorial Health - Milford Regional Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for UMASS Memorial Health - Milford Regional Medical Center, you can publish a response that is linked from this page.
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Of every $100 UMASS Memorial Health - Milford Regional Medical Center spent in FY2024, $85.10 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in Massachusetts
Questions people ask
How much of UMASS Memorial Health - Milford Regional Medical Center's spending goes to programs?
In the fiscal year ending September 30, 2024, UMASS Memorial Health - Milford Regional Medical Center reported that 85.1% of its $301.5 million in expenses went to program services, 14.6% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does UMASS Memorial Health - Milford Regional Medical Center pay its top executive?
The largest total compensation UMASS Memorial Health - Milford Regional Medical Center reported for one person in the fiscal year ending September 30, 2024 was $1,038,422, for the role of President and CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does UMASS Memorial Health - Milford Regional Medical Center get its money?
Of $292.8 million in revenue in the fiscal year ending September 30, 2024, 0.4% came from contributions and grants (including 0.3% from government grants) and 95.7% from program service revenue (Form 990, Part VIII).
Is UMASS Memorial Health - Milford Regional Medical Center a registered charity?
The IRS lists EIN 04-2103602 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522279349301712 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending September 30, 2023 (amended), object 202442279349301944 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342269349301004 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212249349300221 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202122289349303087 · read the filing
All filings for EIN 04-2103602: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.