Holyoke Medical Center
Holyoke Medical Center reported $306.2 million in revenue and $321.3 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $86.40 went to program services, $13.60 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: 99.3% of the total. The highest compensation it reported for one person was $1,436,064 (Neurosurgeon). 326 people received more than $100,000 in reportable compensation. Revenue rose 55% 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 $321MFor 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 $306MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.4% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.6% | 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 | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.5% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.3% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,436,064 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 326 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 14 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseHolyoke Medical Center, Inc. (HMC) strives to serve the health needs of their medical service community in a high quality and efficient manner. To this end, HMC shall: (1) provide compassionate care to all of whom it serves with a commitment to developing cultural diversity and competencies in our programs and workforce so that we may better serve our patients; (2) identify and serve those needs which are prevalent and substantial in the community as a whole, or within major population groups, and which can be adequately met by the provision of basic primary and secondary health care…
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| Neurosurgeon Highest compensated employee, 50.00 hrs/week | $1,414,123 | $0 | $21,941 | $1,436,064 |
| Orthopedic Surgeon Highest compensated employee, 50.00 hrs/week | $1,118,392 | $0 | $25,391 | $1,143,783 |
| President & CEO, Clerk Director/trustee, officer, 40.00 hrs/week | $0 | $906,011 | $77,893 | $983,904 |
| Pulmonologist Highest compensated employee, 50.00 hrs/week | $898,653 | $0 | $3,063 | $901,716 |
| Cardiologist Highest compensated employee, 50.00 hrs/week | $848,782 | $0 | $25,391 | $874,173 |
| Urologist Highest compensated employee, 50.00 hrs/week | $826,489 | $0 | $25,391 | $851,880 |
| Director/Medical Dir. (end 11/24) Director/trustee, 50.00 hrs/week | $394,096 | $0 | $37,282 | $431,378 |
| Treasurer & CFO Director/trustee, officer, 40.00 hrs/week | $0 | $380,743 | $48,873 | $429,616 |
326 people received more than $100,000 in reportable compensation from Holyoke Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $819K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b14 · 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 15aNo
- 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 52,113
- Volunteers Part I, line 665
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Unidine Corporation Cafeteria staffing | $3,679,925 |
| Valley Health Systems Inc Management services | $3,348,682 |
| Med-Metrix LLC Billing services | $2,507,340 |
| TriMedx Biomedical services | $1,675,891 |
| Quest Diagnostics Nichols Lab services | $1,322,507 |
Individuals listed as contractors are left out. 59 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Holyoke Medical Center totaling $5,254 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 Holyoke 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 Holyoke Medical Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Holyoke Medical Center spent in FY2025, $86.40 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 Holyoke Medical Center's spending goes to programs?
In the fiscal year ending September 30, 2025, Holyoke Medical Center reported that 86.4% of its $321.3 million in expenses went to program services, 13.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Holyoke Medical Center pay its top executive?
The largest total compensation Holyoke Medical Center reported for one person in the fiscal year ending September 30, 2025 was $1,436,064, for the role of Neurosurgeon (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Holyoke Medical Center get its money?
Of $306.2 million in revenue in the fiscal year ending September 30, 2025, 0.5% came from contributions and grants (including 0.5% from government grants) and 99.3% from program service revenue (Form 990, Part VIII).
Is Holyoke Medical Center a registered charity?
The IRS lists EIN 22-2520073 as a 501(c)(3) organization (hospital or medical research organization), 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 202612199349303611 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532249349302278 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202432259349300638 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202332269349300113 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232249349301408 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102259349301715 · read the filing
All filings for EIN 22-2520073: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.