Bedford Memorial Hospital
Bedford Memorial Hospital reported $54.9 million in revenue and $48.1 million in expenses for calendar year 2024. Of every $100 it spent, $72.61 went to program services, $27.39 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: 97.2% of the total. The highest compensation it reported for one person was $2,878,656 (PRESIDENT/CEO (thru 4/18/2024)). 25 people received more than $100,000 in reportable compensation. Revenue rose 21% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $48MFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $55M- Contributions & grants (non-government)$0.12 $67,447
- Program service revenue$97.13 $53M
- Other revenue$2.75 $1.5M
Investment income was negative: −$13,360. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 27.4% | 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 | 0.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,878,656 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.99% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 25 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 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
2024 · Form 990, Part III · the three largest programs by expenseBedford Memorial Hospital is committed to providing access to quality health care to the residents of Bedford and the surrounding areas. During 2024 Hospital's employees, medical staff and volunteers provided the region with over 1,300 inpatient admissions, over 4,600 days of care and more than 1,500 surgeries and had over 20,600 emergency room visits. Bedford Memorial Hospital is actively engaged in the community through business, civic and service organizations, and through its financial support of other not-for-profit organizations. Please see schedule H and visit our website for…
Highest reported compensation
2024 · 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/CEO (thru 4/18/2024) Director/trustee, 2.0 hrs/week | $0 | $2,851,509 | $27,147 | $2,878,656 |
| CENTRA PRESIDENT/CEO (AS OF 4/18/2024) Director/trustee, officer, 2.0 hrs/week | $0 | $782,536 | $54,586 | $837,122 |
| VP & CEO HOSPITAL Director/trustee, officer, 2.0 hrs/week | $0 | $415,864 | $83,432 | $499,296 |
| SVP CHIEF PHYSICIAN EXECUTIVE Key employee, 2.0 hrs/week | $0 | $430,770 | $29,427 | $460,197 |
| DOCTOR OSTEOPATHY Director/trustee, 50.0 hrs/week | $392,849 | $0 | $57,730 | $450,579 |
| HOSPITAL PRESIDENT BMH Director/trustee, officer, 50.0 hrs/week | $229,118 | $0 | $31,969 | $261,087 |
| MANAGER PHARMACY OPERATIONS Key employee, 50.0 hrs/week | $177,013 | $0 | $21,839 | $198,852 |
| DIRECTOR SURGICAL SERVICES Key employee, 50.0 hrs/week | $159,314 | $0 | $20,613 | $179,927 |
25 people received more than $100,000 in reportable compensation from Bedford Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (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
2024 · 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 · 10 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 2No
- 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 4No
- 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 5394
- Volunteers Part I, line 653
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WEBBS OIL COMPANY INC Energy provider | $266,565 |
| PATHOLOGY CONSULTANTS Pathology services | $177,537 |
| KAHLER SLATER INC Architecture consulting | $101,011 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Bedford Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bedford Memorial Hospital, you can publish a response that is linked from this page.
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Of every $100 Bedford Memorial Hospital spent in 2024, $72.61 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Bedford Memorial Hospital's spending goes to programs?
In calendar year 2024, Bedford Memorial Hospital reported that 72.6% of its $48.1 million in expenses went to program services, 27.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Bedford Memorial Hospital pay its top executive?
The largest total compensation Bedford Memorial Hospital reported for one person in calendar year 2024 was $2,878,656, for the role of PRESIDENT/CEO (thru 4/18/2024) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Bedford Memorial Hospital get its money?
Of $54.9 million in revenue in calendar year 2024, 0.1% came from contributions and grants and 97.2% from program service revenue (Form 990, Part VIII).
Is Bedford Memorial Hospital a registered charity?
The IRS lists EIN 54-0566100 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
- 2024: Form 990 for calendar year 2024, object 202543099349303314 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349326778 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349311200 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202649349301405 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103179349301915 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013089349300611 · read the filing
All filings for EIN 54-0566100: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.