2025-08-08T11:47:07-05:00 2024-09-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-10-01 042709501 STURDY HEALTH INC STUR 5082225200 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 AMY PFEFFER CFO/TREASURER 5082225200 2025-08-08 1 0 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z AIMEE B BREWER 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 82483871 0 X WWW.STURDYHEALTH.ORG X 1980 MA TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE SMH SERVICE AREA. 6 3 624 3 0 0 18445929 18076962 60429680 63985832 0 0 597461 421077 79473070 82483871 46767 93333 0 0 62223962 63165670 0 0 0 18950866 21415322 81221595 84674325 -1748525 -2190454 16526068 33716076 10376640 27566648 6149428 6149428 STURDY HEALTH, INC.'S PRIMARY PURPOSE IS TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. 0 0 70565630 93333 64406909 STURDY HEALTH, INC.'S PURPOSE IS TO RENDER MEDICAL SERVICES AND PROVIDE HEALTH EDUCATION TO THE COMMUNITIES WITHIN THE STURDY MEMORIAL HOSPITAL SERVICE AREA. DURING FISCAL 2024, STURDY HEALTH, INC. OPERATED TWENTY GROUP PRACTICES AND ONE URGENT CARE CENTER IN THE TOWNS OF ATTLEBORO, NORTH ATTLEBORO, REHOBOTH-SEEKONK, NORTON, AND PLAINVILLE. 70565630 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 X 32 0 1 624 1 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X AMY PFEFFER 5082368150 211 PARK STREET PO BOX 2963 ATTLEBORO MA 027030963 AIMEE BREWER EXECUTIVE DIRECTOR/CLERK 9.00 39.00 X X 0 911626 98320 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 42.00 0.00 X 405690 0 108638 ASMA LATIF MD DIRECTOR 45.00 0.00 X 385535 0 33839 MICHAEL THURSBY DO PRESIDENT 2.00 0.00 X X 0 0 0 JOHN KORONA DIRECTOR 2.00 3.00 X 0 0 0 RALPH SCHLENKER DIRECTOR (THRU 12/2023) 2.00 3.00 X 0 0 0 DONNA N KIMMEL DIRECTOR (AS OF 01/2024) 2.00 3.00 X 0 0 0 WAYNE GIETZ COO 25.00 20.00 X 0 621679 129516 AMY PFEFFER CFO/TREASURER 5.00 40.00 X 0 604369 48482 DANIA DEGRACE MD PHYSICIAN 40.00 0.00 X 701958 0 21317 BARBARA STRICKER MD PHYSICIAN 40.00 0.00 X 756034 0 60756 THOMAS ROODHOUSE MD PHYSICIAN 40.00 0.00 X 700819 0 47155 RALPH PHILOSOPHE MD PHYSICIAN 40.00 0.00 X 775928 0 105734 SAUL MAGITSY MD PHYSICIAN 40.00 0.00 X 695643 0 30017 4421607 2137674 683774 120 0 1 0 WHEATHERBY LOCUMS INC PO BOX 972633 DALLAS TX 75397 CONTRACTED PHYSICIAN SERVICES 753829 BROWN UROLOGY INCORPORATED 195 COLLYER STREET SUITE 201 PROVIDENCE RI 02904 CONTRACTED PHYSICIAN SERVICES 272609 UNIVERISTY ORTHOPEDICS INC 1 KETTLE POINT AVE EAST PROVIDENCE RI 02914 CONTRACTED PHYSICIAN SERVICES 264500 KHALED YEHIA 3 JOSEPH COMEE RD LEXINGTON MA 02420 CONTRACTED PHYSICIAN SERVICES 237150 ALL START RECRUITING LOCUMS LLC 800 FAIRWAY DR DEERFIELD BEACH FL 33441 CONTRACTED PHYSICIAN SERVICES 225000 10 18076962 18076962 PATIENT SERVICES 621110 60267239 60267239 INCENTIVE PAYMENTS 900099 3443599 3443599 OTHER PATIENT SERVICES 621110 274994 274994 63985832 33257 0 33257 33257 33257 PATIENT CARE MANAGEMENT FEES 900099 353575 353575 REBATES 900099 25466 25466 8779 8779 387820 82483871 64406909 0 0 93333 93333 852564 852564 52416570 42618809 9797761 1635075 1315076 319999 5228549 4257700 970849 3032912 2473637 559275 2000519 802103 1198416 22358 22358 684583 575050 109533 2601656 2185391 416265 3869420 3250313 619107 5954 5001 953 146502 123062 23440 442117 371378 70739 2295473 2295473 PURCHASED MEDICAL SVCS. 3188978 3188978 MEDICAL EXPENSES 2965594 2965594 BAD DEBT 2549616 2549616 MAINTENANCE & REPAIRS 483434 483434 159118 159118 84674325 70565630 14108695 0 1281 1347 374552 1321588 4452738 6232642 334003 431016 1847879 4932443 7040429 5607432 1672747 1432997 7842868 19364043 16526068 33716076 6388186 8645877 64562 82858 3923892 18837913 10376640 27566648 X 6149428 6149428 6149428 6149428 16526068 33716076 X -2190454 2190454 X 0 1 X 1 0 X X 1 STURDY MEMORIAL HOSPITAL INC 042768252 3 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4500 4500 1918102 1512783 405319 278330 198133 80197 4769157 3848571 920586 70340 47945 22395 1432997 DUE FROM AFFILIATES/OTHERS 18619119 OPERATING LEASE RIGHT OF USE 392065 INSURANCE RECOVERY RECEIVABLE 270001 MEDICAL STAFF FUND ACCOUNT 80978 ESCROW DEPOSIT 1880 19364043 DUE TO AFFILIATE 18394159 INSURANCE CLAIMS - LONG TERM 270001 OPERATING LEASE OBLIGATIONS 173753 18837913 X PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS STURDY HEALTH, INC. CARRIES THE MEDICAL STAFF FUND ON ITS' BALANCE SHEET AS DISCRETION OVER THE USE OF FUNDS REMAINS WITH THE MEDICAL STAFF. AMOUNTS ARE CLASSIFIED AS OTHER CURRENT ASSETS AND ESCROW LIABILITIES. PART X, LINE 2: ASC 740 THE FOUNDATION AND ALL OF ITS AFFILIATES ARE NOT-FOR-PROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE CODE), AND ARE GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO SUCH POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 ATTLEBORO HIGH SCHOOL CITY OF ATTLEBORO 77 PARK STREET ATTLEBORO MA 02703 046001378 115 93333 0 SEE PART I, LINE 2 NARRATIVE. 1 0 PART I, LINE 2: THE PURPOSE OF GRANT TO ATTLEBORO HIGH SCHOOL, CITY OF ATTLEBORO, IS TO SUPPORT THE EFFORTS OF ATTLEBORO PUBLIC SCHOOLS TO OFFER HEALTHCARE SERVICES TO THOSE PARTICIPATING IN ATHLETIC ACTIVIES AT THE ATTLEBORO HIGH SCHOOL BY PROVIDING A COMMUNITY BENEFIT GRANT TO SUPPORT THE SCHOOL'S EFFORTS TO RECRUIT, HIRE, COMPENSATE, AND SUPPORT AN ATHLETIC TRAINER TO BE CONTRACTED BY ATTLEBORO HIGH SCHOOL. THIS GRANT HAS BEEN ESTABLISHED THROUGH A WRITTEN CONTRACT. STURDY HEALTH, INC. REQUESTS SPECIFIC DOCUMENTATION AT THE END OF THE GRANT YEAR TO SUBSTANTIATE THAT THE FUNDS WERE SPENT IN ACCORDANCE WITH THE GRANT. 0 1 0 0 0 0 0 1 0 AIMEE BREWER EXECUTIVE DIRECTOR/CLERK 0 704113 0 206373 0 1140 0 72815 0 25505 0 1009946 0 0 RALPH PHILOSOPHE MD PHYSICIAN 558713 0 213651 0 3564 0 79504 0 26230 0 881662 0 0 0 BARBARA STRICKER MD PHYSICIAN 404456 0 348766 0 2812 0 58722 0 2034 0 816790 0 0 0 WAYNE GIETZ COO 0 509362 0 109695 0 2622 0 103939 0 25577 0 751195 0 0 THOMAS ROODHOUSE MD PHYSICIAN 545708 0 154301 0 810 0 20925 0 26230 0 747974 0 0 0 SAUL MAGITSY MD PHYSICIAN 521181 0 172140 0 2322 0 3300 0 26717 0 725660 0 0 0 DANIA DEGRACE MD PHYSICIAN 595734 0 105214 0 1010 0 19271 0 2046 0 723275 0 0 0 AMY PFEFFER CFO/TREASURER 0 420223 0 90055 0 94091 0 23975 0 24507 0 652851 0 0 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 296620 0 107043 0 2027 0 96709 0 11929 0 514328 0 0 0 ASMA LATIF MD DIRECTOR 247347 0 137946 0 242 0 9470 0 24369 0 419374 0 0 0 PART I, LINE 3 COMPENSATION OF TOP MANAGEMENT OFFICIAL THE CEO/EXECUTIVE DIRECTOR IS COMPENSATED ENTIRELY THROUGH STURDY MEMORIAL HOSPITAL, INC. THE HOSPITAL USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE EXECUTIVE COMMITTEE TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN STURDY MEMORIAL HOSPITAL PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. CONTRIBUTIONS TO THE PLAN ARE SUBJECT TO CERTAIN VESTING REQUIREMENT. CONTRIBUTIONS UNDER THE PLAN SUBJECT TO VESTING ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AMOUNTS VESTED AND RECEIVED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND BELOW. AMY PFEFFER: $92,358 PART I, LINE 7 NON-FIXED PAYMENTS COMPENSATION PACKAGES FOR THE CEO AND SENIOR MANAGEMENT INCLUDE OPPORTUNITIES TO EARN INCENTIVE COMPENSATION BASED ON A COMBINATION OF MEETING AND EXCEEDING PREDETERMINED GOALS. THE INCENTIVE COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE AND HAS BEEN REPORTED ON SCHEDULE J, PART II, COLUMN B (II). PART II, COLUMN C: DEFERRED COMPENSATION THIS COLUMN INCLUDES AN ACCRUAL OF BENEFITS RELATED TO THE HOSPITAL'S DEFINED BENEFIT PLAN. THIS ACCRUAL CALCULATION IS COMPLETED BY A THIRD PARTY AND THE ACCRUAL AMOUNT MAY SHIFT DEPENDING ON THE REQUIRED DISCOUNT RATE APPLIED. STEVEN BENSSON MD TRUSTEE IS LANDLORD 90871 BLDG. RENT 0 JEAN SIDDALL-BENSSON MD TRUSTEE FAMILY 223436 COMP. 0 BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IVLINE 1 - STEVEN BENSSON M.D., A MEMBER OF THE BOARD OF DIRECTORS, IS AN EMPLOYEE AT STURDY HEALTH, INC. LEASES PROPERTY TO STURDY HEALTH, INC. THE RENTAL AMOUNTS ARE REVIEWED AND COMPARED WITH THE RENTS PAID TO OTHER COMPARABLE, INDEPENDENT MEDICAL-USE PROPERTIES.LINE 2 - JEAN SIDDELL BENSSON, M.D., IS THE SPOUSE OF A BOARD MEMBER. SHE IS ALSO EMPLOYED BY STURDY HEALTH, INC. AS A PHYSICIAN. HER COMPENSATION IS DETERMINED BASED ON HER PRODUCTIVITY, AND IN COMPARISON, TO MGMA BENCHMARKS. HER COMPENSATION IS APPROVED BY THE COMPENSATION REVIEW COMMITTEE OF THE BOARD OF DIRECTORS OF STURDY HEALTH, INC.. HER SPOUSE IS NOT A MEMBER OF THE COMPENSATION REVIEW COMMITTEE. FORM 990, PART V, LINE 2A: EMPLOYEES REPORTED ON FORM W-3 STURDY MEMORIAL HOSPITAL IS THE COMMON PAYMASTER FOR STURDY HEALTH, INC. FORM W-3 IS FILED UNDER STURDY MEMORIAL HOSPITAL'S EMPLOYEE IDENTIFICATION NUMBER, THEREFORE STURDY HEALTH, INC. DOES NOT FILE A W-3. THE TOTAL NUMBER OF STURDY HEALTH, INC. EMPLOYEES IS 624, WHICH IS LISTED ON LINE 2. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS STURDY HEALTH FOUNDATION, INC. (F/K/A STURDY MEMORIAL FOUNDATION, INC.), A MASSACHUSETTS CHARITABLE CORPORATION, ACTING THROUGH ITS BOARD OF DIRECTORS, IS THE SOLE MEMBER OF STURDY HEALTH, INC. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF STOCKHOLDERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY THE TRUSTEES SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE CORPORATION. THE TERM OF OFFICE FOR EACH TRUSTEE SHALL BE ONE (1) YEAR. ANY VACANCY CAUSED BY RESIGNATION OR REMOVAL OF A TRUSTEE SHALL BE FILLED BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL ALL MATTERS INVOLVING REAL PROPERTY, INCLUDING WITHOUT NECESSARY LIMITATION, SALES, LEASES, AND PURCHASES, SHALL FIRST REQUIRE APPROVAL OF THE MEMBER ACTING THROUGH THE BOARD OF DIRECTORS OF STURDY HEALTH FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY STURDY MEMORIAL'S TAX PROVIDERS, GRANT THORNTON, USING INFORMATION PROVIDED BY MANAGEMENT UPON COMPLETION OF THE ANNUAL INDEPENDENT AUDIT. THE INFORMATION PROVIDED IS THE RESPONSIBILITY OF THE CFO AND THE STURDY FISCAL SERVICES DEPARTMENT. THE RETURN IS REVIEWED BY GRANT THORNTON, THE CONTROLLER AND CFO. PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE, THE COMPLETE FORM AND ALL SCHEDULES ARE PROVIDED TO EVERY BOARD MEMBER AND ANY QUESTIONS ARE ANSWERED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT STURDY HEALTH, INC. IS AN AFFILIATE OF STURDY MEMORIAL HOSPITAL, INC. AND FOLLOWS THE HOSPITAL'S CONFLICT OF INTEREST POLICY. ALL LEADERSHIP AND BOARD MEMBERS COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENT REQUIRES DISCLOSURE OF ANY OUTSIDE INTERESTS IN ANY BUSINESS, OUTSIDE ACTIVITY, GIFTS, OR ENTERTAINMENT THAT MAY HAVE INFLUENCED THE RESPONDENT. IN ADDITION, THESE SIGNED STATEMENTS ARE REVIEWED BY THE INTEGRITY OFFICER AND ANY POTENTIAL CONFLICTS ARE ADDRESSED AND RESOLVED. THE INTEGRITY OFFICER DISCUSSES DISCLOSED POTENTIAL CONFLICTS WITH EMPLOYEE AND OR OFFICER OF THE CORPORATION, SO THAT THEY UNDERSTAND WHAT CONSTITUTES AN INAPPROPRIATE BUSINESS ACTIVITY. GIFTS THAT CREATE A CONFLICT OF INTEREST MUST BE RETURNED. INDIVIDUALS WITH DOCUMENTED CONFLICTS MUST ABSTAIN FROM ANY DECISION MAKING SPECIFIC TO THE IDENTIFIED AREA. AN ANNUAL REPORT IS PREPARED AND PROVIDED TO THE HOSPITAL'S PRESIDENT AND CEO AS WELL AS BOARD OF MANAGERS. THIS COMPREHENSIVE REPORT INCLUDES ALL INTEGRITY COMPLIANCE ISSUES AS WELL AS ANY NEWLY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION STURDY HEALTH, INC.'S EXECUTIVE DIRECTOR AND OFFICERS ARE STURDY MEMORIAL HOSPITAL EMPLOYEES. THE CORPORATION'S SOLE MEMBER, STURDY MEMORIAL FOUNDATION, HAS AN EXECUTIVE COMMITTEE THAT MAKES COMPENSATION DECISIONS FOR THE HOSPITAL'S CEO (STURDY HEALTH DIRECTOR) AND OTHER SENIOR MANAGERS. COMPENSATION DECISIONS FOR THE ORGANIZATION'S EXECUTIVE DIRECTORS AND OFFICERS ARE MADE THROUGH THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSIST SOLELY OF MEMBERS WHO DO NOT HAVE CONFLICT OF INTEREST WITH REGARDS TO COMPENSATION MATTERS. THE BOARD UTILIZES AN INDEPENDENT OUTSIDE CONSULTANT TO DETERMINE EXECUTIVE COMPENSATION. THE CONSULTANT PRESENTS NATIONAL AND REGIONAL COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. THE DATA INCLUDES COMPREHENSIVE SALARY AND BENEFITS INFORMATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES INCLUDING COMPARISON OF BASE PAY, INCENTIVE PAY, BENEFITS, AND TOTAL COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS THE COMPARATIVE DATA FOR THE EXECUTIVE DIRECTOR AND TREASURER (HOSPITAL CFO) AND VOTES TO APPROVE THEIR COMPENSATION. THE CEO USES COMPARATIVE MARKET DATA TO DETERMINE PROPOSED BASE PAY COMPENSATION INCREASES AND POTENTIAL INCENTIVE PAY FOR ALL OTHER SENIOR MANAGERS AND PRESENTS THIS TO THE EXECUTIVE COMMITTEE FOR THEIR CONSIDERATION. THE EXECUTIVE COMMITTEE REVIEWS ALL RELEVANT INFORMATION AND VOTES TO ACCEPT THE RECOMMENDATIONS OF THE CEO FOR SENIOR MANAGER PAY. ALL DATA PRESENTED, AS WELL AS COMPENSATION DELIBERATIONS AND VOTES, ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. THE MOST RECENT COMPENSATION STUDY WAS PERFORMED IN SEPTEMBER OF 2022. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC STURDY HEALTH, INC. MAKES AVAILABLE COPIES OF ITS BY-LAWS, THE CONFLICT OF INTEREST POLICY OF STURDY MEMORIAL HOSPITAL, INC. AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY TRANSFER FROM AFFILIATE 2,190,454. STURDY MEMORIAL HOSPITAL INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 042768252 HOSPITAL MA 501(C)(3) LINE 3 SHF 0 STURDY HEALTH FOUNDATION INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 042103631 DEVELOPMENT MA 501(C)(3) LINE 12B, II N/A 0 EMORY STREET RADIOLOGY ASSOCIATES INC 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 043137282 RADIOLOGY MA 501(C)(3) LINE 12B, II SHF 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 1 RELATED TAX-EXEMPT ORGANIZATIONS SCHEDULE R, PART II STURDY MEMORIAL HOSPITAL, INC.'S PRIMARY ACTIVITIES: PROVIDE SAFE, HIGH QUALITY, COST-EFFICIENT HEALTH CARE, AND THE BROADEST RANGE OF DIAGNOSTIC, INPATIENT, OUTPATIENT AND EMERGENCY SERVICES FOR A COMMUNITY HOSPITAL. STURDY HEALTH FOUNDATION, INC.'S PRIMARY ACTIVITIES: ENGAGING IN PHILANTHROPIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSE OF STURDY MEMORIAL HOSPITAL, INC.