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Boston Medical Center Health Plan

Also known as Wellsense Health Plan

Charlestown, MA · EIN 04-3373331 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Boston Medical Center Health Plan reported $5.81 billion in revenue and $5.80 billion in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $99.73 went to program services, $0.27 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.0% of the total. The highest compensation it reported for one person was $1,091,260 (TRUSTEE/PRESIDENT). 371 people received more than $100,000 in reportable compensation. Revenue rose 111% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $5.80B

For 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, 2025 · Form 990, Part VIII · total revenue $5.81B

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.7%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
0.3%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
99.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,091,260$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.02%1.34%
People paid over $100,000
Part VII, line 2
37127
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1.46.6
Independent voting board members
Part VI 1a–1b
12 of 1388.9%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$5.78B expenses · 100.0% of program spending · revenue $5.75B

The corporation is organized and operates as a nonprofit corporation exclusively for the benefit of and to support Boston Medical Center corporation and to provide access to effective, efficient medical care among low income, underserved, disabled, elderly and other vulnerable residents of the community

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE/PRESIDENT
Director/trustee, officer, 50.00 hrs/week
$1,016,527$0$74,733$1,091,260
CHIEF OPERATING OFFICER
Key employee, 50.00 hrs/week
$612,259$0$74,733$686,992
CHIEF MEDICAL OFFICER (AS OF 7/1/24)
Key employee, 50.00 hrs/week
$598,769$0$1,083$599,852
CHIEF BH AND QUALITY OFFICER
Highest compensated employee, 50.00 hrs/week
$595,590$0$1,882$597,472
CHIEF INFO OFFICER
Key employee, 50.00 hrs/week
$542,530$0$47,602$590,132
CHIEF PRODUCT AND SALES OFFICER
Highest compensated employee, 50.00 hrs/week
$503,341$0$50,883$554,224
CHIEF MEDICAL OFFICER (THRU 8/1/24)
Key employee, 50.00 hrs/week
$495,757$0$16,913$512,670
CHIEF LEGAL OFFICER/CLERK
Officer, 50.00 hrs/week
$444,472$0$49,263$493,735

371 people received more than $100,000 in reportable compensation from Boston Medical Center Health Plan (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.9M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$5.81B$5.80B99.7%$686M$1,091,260
FY2024 ⓘ$5.20B$5.14B99.7%$693M$1,197,985
FY2023 ⓘ$4.14B$4.02B99.6%$682M$947,094
FY2022 ⓘ$3.05B$3.00B99.5%$544M$908,964
FY2021 ⓘ$2.87B$2.77B99.5%$539M$1,047,004
FY2020 ⓘ$2.75B$2.68B99.5%$427M$1,977,939

Governance answers, as filed

FY2025 · 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–1b13 · 12 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 14bYes
  • Employees Part I, line 51,397
  • Volunteers Part I, line 612

Correct a figure or respond

Every number above is copied from Boston Medical Center Health Plan's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Boston Medical Center Health Plan, you can publish a response that is linked from this page.

Questions people ask

How much of Boston Medical Center Health Plan's spending goes to programs?

In the fiscal year ending September 30, 2025, Boston Medical Center Health Plan reported that 99.7% of its $5.80 billion in expenses went to program services, 0.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Boston Medical Center Health Plan pay its top executive?

The largest total compensation Boston Medical Center Health Plan reported for one person in the fiscal year ending September 30, 2025 was $1,091,260, for the role of TRUSTEE/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Boston Medical Center Health Plan get its money?

Of $5.81 billion in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 99.0% from program service revenue (Form 990, Part VIII).

Is Boston Medical Center Health Plan a registered charity?

The IRS lists EIN 04-3373331 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642269349300349 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532269349303218 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402289349302300 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349300831 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212249349301676 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102289349303680 · read the filing

All filings for EIN 04-3373331: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.