2026-08-12T03:13:27-05:00 2025-09-30 861065772 DELOITTE TAX LLP 2 JERICHO PLAZA JERICHO NY 11753 990 2024-10-01 043549011 BAYSTATE HEALTH FOUNDATION INC BAYS 4137940000 759 CHESTNUT STREET SPRINGFIELD MA 01199 LAURIE MARTIN CFO & TREASURER 4137940000 2026-08-11 1 0 KRISTIN RUFFINI P00741491 5169187000 2024 2025-03-06 01:10:19Z LAURIE MARTIN 759 CHESTNUT STREET SPRINGFIELD MA 01199 16414377 0 X WWW.BAYSTATEHEALTH.ORG/GIVING X 2000 MA THE MISSION OF BAYSTATE HEALTH FOUNDATION IS TO INSPIRE A "CULTURE OF PHILANTHROPY AND ENCOURAGE PHILANTHROPIC RELATIONSHIPS THAT WILL SUPPORT THE MISSION AND VISION OF BAYSTATE HEALTH WHICH IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION. 17 12 26 15 0 0 6908707 4152272 2000000 2000000 4735577 5594300 85317 36390 13729601 11782962 8450278 6527320 0 0 2381886 2208603 0 0 2784883 798017 1077589 11630181 9813512 2099420 1969450 180784452 195383128 2804061 4141454 177980391 191241674 X THE MISSION OF BAYSTATE HEALTH FOUNDATION IS TO INSPIRE A "CULTURE OF PHILANTHROPY AND ENCOURAGE PHILANTHROPIC RELATIONSHIPS THAT WILL SUPPORT THE MISSION AND VISION OF BAYSTATE HEALTH WHICH IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION. 0 0 6527320 6527320 2008767 THE PRIMARY AREAS OF SUPPORT IN 2025 INCLUDE BAYSTATE HEALTH FAMILY MEDICINE RESIDENCE PROGRAM, CANCER RESEARCH, BAYSTATE MEDICAL CENTER SURGICAL SUITES, AND OTHER PATIENT CENTERED PROGRAMS AND SERVICES RELATED TO BAYSTATE CHILDREN'S HOSPITAL, BAYSTATE WING HOSPITAL, BAYSTATE FRANKLIN MEDICAL CENTER, BAYSTATE HOME, HEALTH AND HOSPICE (F.K.A. BAYSTATE VISITING NURSES ASSOCIATION & HOSPICE OF WESTERN NEW ENGLAND, INC.) 6527320 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 21 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 12 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 FL MA MN NH X LAURIE MARTIN BAYSTATE HEALTH INC 4137940000 759 CHESTNUT STREET SPRINGFIELD MA 01199 PETER D BANKO TRUSTEE/PRESIDENT & CEO - BH 1.00 49.00 X X 0 1514715 233002 ANDREW ARTENSTEIN MD TRUSTEE/PRES-BMP/CPE, CAO 1.00 49.00 X 0 1357225 54013 RAYMOND MCCARTHY TRST/SVP, CFO& TREAS BH (THRU 4/25) 1.00 49.00 X X 0 1279577 56058 SAMUEL SKURA TRST(THRU 12/24)/INT COO (THRU 3/25) 1.00 49.00 X 0 1134934 54739 LAURIE MARTIN TRUST/CFO & TREAS - BH (AS OF 4/25) 1.00 49.00 X X 0 387373 55232 SCOTT BERG TRUSTEE/VP PHILANTHROPY (THRU 11/24) 50.00 0.00 X 0 306579 6504 KATHLEEN L TOBIN MARTIN TRST (AS OF 11/24)/INT VP PHILANTRPY 50.00 0.00 X 162659 0 19183 MAUREEN JAMES CHAIR (AS OF 1/1/25)/TRUSTEE 1.00 0.00 X X 0 0 0 ARAM VARTANIAN TRUSTEE (THRU 12/31/24) 1.00 0.00 X 0 0 0 CHRISTOPHER ORSZULAK TRUSTEE 1.00 0.00 X 0 0 0 DENA M HALL TRUSTEE 1.00 0.00 X 0 0 0 JACQUELINE RODRIQUEZ TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY A AMANTI TRUSTEE 1.00 0.00 X 0 0 0 JOHN F MAYBURY TRUSTEE 1.00 0.00 X 0 0 0 MADELINE LANDRAU TRUSTEE 1.00 6.00 X 0 0 0 MARK W TEED TRUSTEE 1.00 0.00 X 0 0 0 MICHELE MEGAS-DITOMASSI TRUSTEE (THRU 12/31/24) 1.00 0.00 X 0 0 0 MICHELLE DWYER TRUSTEE 1.00 0.00 X 0 0 0 PETER GREENBERG TRUSTEE (AS OF 1/1/25) 1.00 0.00 X 0 0 0 SAMUEL HANMER TRUSTEE 1.00 0.00 X 0 0 0 SCOTT LICHTENBERGER TRUSTEE (AS OF 7/14/25)/COO 1.00 49.00 X 0 0 0 VINCENT J CARDILLO TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN R DELANEY CLERK/DIRECTOR STRATEGY 1.00 49.00 X 0 181047 28986 NANCY REMILLARD ASST. CLERK OF THE CORP 1.00 49.00 X 0 62538 14312 LISA MORIARTY DIRECTOR OF OPERATIONS, BHF 50.00 0.00 X 137923 0 40884 KYLIE H JOHNSON DIRECTOR OF PLANNED GIVING 50.00 0.00 X 129197 0 37947 MARK A KEROACK MD FORMER TRUSTEE/PRESIDENT & CEO - BH 0.00 0.00 X 0 1554650 33050 429779 7778638 633910 3 1 1 0 0 347 871393 150000 3130532 107215 4152272 FOUNDATION ASSESSMENT 900099 2000000 2000000 2000000 1972393 1972393 7750781 4128874 3621907 3621907 3621907 387036 871393 502541 -115505 -115505 VENDING MACHINE 900099 119167 119167 US TREAS - 941 REFUNDS 900099 23961 23961 ROH REFUND 900099 8767 8767 151895 11782962 2008767 0 5621923 6527320 6527320 1761713 1761713 51644 51644 271056 271056 124190 124190 200508 200508 37523 37523 228947 228947 10496 10496 163762 29406 134356 257475 257475 7097 7097 143 143 2501 2501 DUES & MEMBERSHIP 123094 123094 PRESIDENT'S DONOR EVENT 38791 38791 OTHER FUNDRAISING EXP 4828 4828 TAXES & LICENSE 1500 1500 924 924 9813512 6527320 501309 2784883 76566 54006 15704998 20041692 8485291 5032243 164472 1150 117559 7650 252684 252684 0 0 71295618 82771385 37128067 36748988 47811881 50726014 180784452 195383128 1630129 3387575 1173932 753879 2804061 4141454 X 16327691 19085068 161652700 172156606 177980391 191241674 180784452 195383128 X 1969450 8390449 2901384 X 0 1 X 1 0 X 6609823 10439073 10390021 6908707 4152272 38499896 6609823 10439073 10390021 6908707 4152272 38499896 10794327 27705569 526248 794472 1650876 2166954 1972393 7110943 747675 637548 530670 533381 538931 2988205 48599044 11770766 0.57010 0.61290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 2020 AMOUNT: $747,675 2021 AMOUNT : $637,548 2022 AMOUNT: $530,670 2023 AMOUNT $533,381 2024 AMOUNT $538,931 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90298051 163000 17012000 5357000 102116051 76372051 1985000 15846000 3905000 90298051 70405051 2491000 7781000 4305000 76372051 84080051 1215000 -11969000 2921000 70405051 68344051 2883000 15499000 2646000 84080051 0.13517 0.26605 0.59878 0 0 252684 252684 0 0 INVESTMENTS-SECURITIES - HEDGE FUNDS, PRIVATE CREDIT AND PRIVATE EQUITY 33242581 C INVESTMENTS-SECURITIES REAL ESTATE 3506407 C 36748988 PERPETUAL TRUST INVESTMENTS 50726014 50726014 DUE TO AFFILIATED COMPANIES 709687 CHARITABLE GIFT ANNUITY LONG-TERM 43992 PENSION ADJUSTMENT 200 753879 PART V, LINE 4: ENDOWMENT FUNDS ARE TO PROVIDE FUNDING TO SUPPORT PROGRAMS THAT FURTHER BAYSTATE HEALTH'S MISSION. ROH WALK A THON 596602 533771 62831 15304 141447 6133 17751 CMN RADIOTHON 258725 138640 120085 10412 1922 333 11040 4 403102 198982 204120 47396 147605 67044 8425 27729 1258429 871393 387036 73112 290974 73510 8425 56520 502541 -115505 1 BAYSTATE MEDICAL CENTER 759 CHESTNUT STREET SPRINGFIELD MA 011990001 042790311 501(C)(3) 4192113 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE MEDICAL PRACTICES 759 CHESTNUT STREET SPRINGFIELD MA 011990001 042888373 501(C)(3) 850287 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE FRANKLIN MEDICAL CENTER 164 HIGH STREET GREENFIELD MA 01301 042103575 501(C)(3) 327840 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE HEALTH INC 759 CHESTNUT STREET SPRINGFIELD MA 011990001 042105941 501(C)(3) 726944 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE NOBLE HOSPITAL CORPORATION 115 WEST SILVER STREET WESTFIELD MA 010861634 222537423 501(C)(3) 168515 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE WING HOSPITAL CORPORATION 40 WRIGHT STREET PALMER MA 01069 222519813 501(C)(3) 60832 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. VISITING NURSE ASSOCIATION AND HOSPICE OF WESTERN NEW ENGLAND INC 30 CAPITAL DRIVE WEST SPRINGFIELD MA 01089 042105803 501(C)(3) 151981 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. BAYSTATE ADMINISTRATIVE SERVICES 759 CHESTNUT STREET SPRINGFIELD MA 011990001 222747685 501(C)(3) 48808 0 TO SUPPORT EDUCATION, RESEARCH, CLINICAL AND HEALTHCARE PROGRAMS. 8 0 PART I, LINE 2: GIFTS WHOSE USE ARE RESTRICTED BY DONORS FOR A SPECIFIC PURPOSE ARE ACCUMULATED AND RECORDED AT BAYSTATE HEALTH FOUNDATION (BHF) IN TEMPORARILY RESTRICTED FUNDS (TRFS) BY DONOR INTENT. UTILIZATION OF THE TRFS REQUIRE BAYSTATE HEALTH (BH) DEPARTMENT CHAIRMAN'S AND/OR SERVICE LINE LEADER'S SIGN OFF AND ASSIGNED INDIVIDUALS TO SUBMIT REQUESTS FOR A PARTICULAR TRF BY COMPLETING AND SUBMITTING A "REQUEST FOR FUNDING" VIA THE BHF TRF INTRANET SITE ON MICROSOFT SHAREPOINT, AN ONLINE SYSTEM WHICH TRACKS REQUESTS. AFTER REVIEWS TO ENSURE DONOR RESTRICTIONS ARE MET AND EXPENSES HAVE BEEN INCURRED IN THE ENTITY'S OPERATING COST CENTER, BHF AWARDS FUNDING FROM THE TRF TO THE BENEFITING ENTITY. OVERSIGHT AND AUTHORIZATION TO RELEASE FUNDS FROM RESTRICTIONS ARE THE RESPONSIBILITY OF THE DIRECTOR OF FINANCE, BHF AND REQUESTS OVER $50,000 ARE SUBJECT TO AUTHORIZATION OF THE EXECUTIVE DIRECTOR, BHF PER BH POLICY. 1 1 0 0 0 1 0 1 0 PETER D BANKO TRUSTEE/PRESIDENT & CEO - BH 0 988761 0 514000 0 11954 0 214052 0 18950 0 1747717 0 0 MARK A KEROACK MD FORMER TRUSTEE/PRESIDENT & CEO - BH 0 782776 0 461744 0 310130 0 18975 0 14075 0 1587700 0 4350 ANDREW ARTENSTEIN MD TRUSTEE/PRES-BMP/CPE, CAO 0 753924 0 324038 0 279263 0 25875 0 28138 0 1411238 0 4350 RAYMOND MCCARTHY TRST/SVP, CFO& TREAS BH (THRU 4/25) 0 719349 0 309758 0 250470 0 29325 0 26733 0 1335635 0 4350 SAMUEL SKURA TRST(THRU 12/24)/INT COO (THRU 3/25) 0 733793 0 364537 0 36604 0 43378 0 11361 0 1189673 0 0 LAURIE MARTIN TRUST/CFO & TREAS - BH (AS OF 4/25) 0 320152 0 58696 0 8525 0 28947 0 26285 0 442605 0 0 SCOTT BERG TRUSTEE/VP PHILANTHROPY (THRU 11/24) 0 241723 0 58238 0 6618 0 4881 0 1623 0 313083 0 0 KRISTIN R DELANEY CLERK/DIRECTOR STRATEGY 0 165278 0 14257 0 1512 0 12100 0 16886 0 210033 0 0 KATHLEEN L TOBIN MARTIN TRST (AS OF 11/24)/INT VP PHILANTRPY 147646 0 12029 0 2984 0 7726 0 11457 0 181842 0 0 0 LISA MORIARTY DIRECTOR OF OPERATIONS, BHF 125350 0 11402 0 1171 0 9674 0 31210 0 178807 0 0 0 KYLIE H JOHNSON DIRECTOR OF PLANNED GIVING 122370 0 3000 0 3827 0 6890 0 31057 0 167144 0 0 0 PART I, LINE 3 THE HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. (THE PARENT ORGANIZATION OF THE HEALTH CARE SYSTEM TO WHICH THE FILING ORGANIZATION BELONGS) HAS BEEN APPOINTED THROUGH BOARD RESOLUTION AS THE HUMAN RESOURCES COMMITTEE OF THE FILING ORGANIZATION. THIS COMMITTEE CONSISTS ENTIRELY OF INDIVIDUALS SERVING ON THE BOARD OF THE FILING ORGANIZATION. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE PRESIDENT WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION OF THE PRESIDENT IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA. THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. AND ALL SUCH DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY. PART I, LINE 6 BAYSTATE MAINTAINS A VARIABLE COMPENSATION PROGRAM FOR CERTAIN SENIOR LEADERS THAT INCLUDES A PERFORMANCE-BASED COMPONENT TIED IN PART TO ORGANIZATIONAL MARGIN. THE PROGRAM IS ADMINISTERED UNDER AN ESTABLISHED FORMULA THAT IS APPLIED CONSISTENTLY TO DETERMINE AWARDS. ALTHOUGH THE COMPENSATION ARRANGEMENT IS NOT SET FORTH IN INDIVIDUAL EMPLOYMENT CONTRACTS, THE VARIABLE COMPENSATION IS CONTINGENT UPON ACHIEVEMENT OF SPECIFIED PERFORMANCE OBJECTIVES, INCLUDING MARGIN-RELATED TARGETS, AND IS DETERMINED IN WHOLE OR IN PART BY THE NET EARNINGS OF THE ORGANIZATION. PART I, LINE 7 BAYSTATE PROVIDES VARIABLE COMPENSATION TO CERTAIN LISTED PERSONS UNDER AN ESTABLISHED COMPENSATION PROGRAM. THE AMOUNT OF VARIABLE COMPENSATION IS DETERMINED USING PRE-ESTABLISHED FORMULAS AND PERFORMANCE CRITERIA APPLIED CONSISTENTLY BY THE ORGANIZATION; HOWEVER, THE COMPENSATION ARRANGEMENTS ARE GENERALLY NOT SET FORTH IN INDIVIDUAL EMPLOYMENT CONTRACTS. PART I, LINE 4A: A SEVERANCE AGREEMENT WAS IN PLACE BETWEEN BAYSTATE HEALTH FOUNDATION, INC. (BHF) AND AN EMPLOYEE STATING THAT UNDER CERTAIN CIRCUMSTANCES THE EMPLOYEE WOULD RECEIVE COMPENSATION. MICHELLE A. GRACI WAS A HIGHEST COMPENSATED EMPLOYEE OF BHF AND RECEIVED $7,590 IN SEVERANCE PAYMENTS IN 2024. PART I, LINE 4B: ANDREW ARTENSTEIN, MD SUPPLEMENTAL RETIREMENT OF $219,065 INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $214,715 EARNED AND PAID IN 2024 AND $4,350 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. PETER D. BANKO - SUPPLEMENTAL RETIREMENT OF $196,802 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. MARK A. KEROACK, MD - SUPPLEMENTAL RETIREMENT OF $198,902 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $194,552 EARNED AND PAID IN 2024 AND $4,350 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. LAURIE MARTIN - SUPPLEMENTAL RETIREMENT OF $5,108 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RAYMOND MCCARTHY - SUPPLEMENTAL RETIREMENT OF $194,402 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $190,052 EARNED AND PAID IN 2024 AND $4,350 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. SCOTT BERG - SUPPLEMENTAL RETIREMENT OF $4,291 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED IN 2024. SAMUEL SKURA - SUPPLEMENTAL RETIREMENT OF $26,128 IS INCLUDED IN COLUMN B. THIS AMOUNT WAS EARNED IN 2024. X 6 107215 COST OR SELLING PRICE 0 1 0 PART I, COLUMN (B): THIS AMOUNT REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE FILING ORGANIZATION HAS A STANDING EXECUTIVE COMMITTEE, WHICH IS ENTITLED TO ACT BETWEEN MEETINGS OF THE BOARD, ON ALL MATTERS AS TO WHICH THE BOARD IS ENTITLED TO ACT AND PERMITTED BY LAW TO DELEGATE TO A COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 TWO OR MORE OF THE PERSONS LISTED IN THIS FORM 990 PART VII HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BY VIRTUE OF SITTING ON ONE OR MORE BOARDS OF DIRECTORS OR BY SERVING IN AN EMPLOYMENT RELATIONSHIP WITH ONE OR MORE ENTITIES IN THE BAYSTATE GROUP OF AFFILIATED ENTITIES AND IN THE COMMUNITY. THE FOLLOWING TRUSTEES, OFFICERS, OR KEY EMPLOYEES HAVE A BUSINESS RELATIONSHIP: (1) MARK A. KEROACK, MD, MARK W. TEED AND SAMUEL HANMER. FORM 990, PART VI, SECTION A, LINE 3 BAYSTATE HEALTH FOUNDATION IS AFFILIATED WITH BAYSTATE ADMINISTRATIVE SERVICES, INC. (BAS) WHICH IS A 501(C) (3) ORGANIZATION. INFORMATION TECHNOLOGY, HUMAN RESOURCES, FINANCE, TREASURY, ACCOUNTING AND OTHER MANAGEMENT AND SUPPORT FUNCTIONS ARE DELEGATED TO BAS. FORM 990, PART VI, SECTION A, LINE 6 THE FILING ORGANIZATION HAS ONE MEMBER, BAYSTATE HEALTH, INC. (BH). FORM 990, PART VI, SECTION A, LINE 7A SIX OF THE TRUSTEES OF THE FILING ORGANIZATION SERVE EX OFFICIO BASED ON POSITIONS THEY HOLD WITH BH OR THE FILING ORGANIZATION, AND THE REMAINING TRUSTEES ARE ELECTED BY THE BOARD, SUBJECT TO APPROVAL BY BAYSTATE HEALTH, INC. (BH), AS MEMBER. FORM 990, PART VI, SECTION A, LINE 7B AS DESCRIBED IN THE RESPONSE TO QUESTION 7A, ABOVE, THE ELECTION OF THE BOARD OF TRUSTEES OF THE FILING ORGANIZATION IS SUBJECT TO THE APPROVAL OF BAYSTATE HEALTH, INC. (BH), AS MEMBER. IN ADDITION, THE BYLAWS OF THE FILING ORGANIZATION PROVIDE THAT THE FOLLOWING MATTERS APPROVED BY THE BOARD OF TRUSTEES ARE ALSO SUBJECT TO THE APPROVAL OF BH, AS MEMBER: (1) THE FILING ORGANIZATION'S ANNUAL OPERATING BUDGET AND ALL CAPITAL BUDGETS, (2) THE BORROWING OF ANY SUM IN EXCESS OF $1,000,000, (3) ANY AMENDMENT TO THE ARTICLES OF ORGANIZATION AND BYLAWS OF THE FILING ORGANIZATION, (4) VOLUNTARY DISSOLUTION, MERGER, CONSOLIDATION, OR SALE OF ALL OR SUBSTANTIALLY OF THE ASSETS OF THE FILING ORGANIZATION, (5) THE CREATION OR ACQUISITION BY THE FILING ORGANIZATION OF ANY SUBSIDIARY OR AFFILIATE, AND (6) SIGNIFICANT CONTRACTS, CONSISTENT WITH POLICIES ESTABLISHED BY BH. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, APPROPRIATE SECTIONS WERE REVIEWED BY THE TAX, FINANCE, AND HUMAN RESOURCES AREAS OF BAYSTATE HEALTH, INC. (THE SOLE MEMBER OF THE FILING ORGANIZATION AND THE PARENT ORGANIZATION OF THE HEALTH CARE SYSTEM TO WHICH THE FILING ORGANIZATION BELONGS) AND BY OUTSIDE LEGAL COUNSEL.THE FORM 990 WAS ALSO REVIEWED BY TAX EXPERTS FROM AN INDEPENDENT ACCOUNTING FIRM AND SIGNED-OFF AS A PAID PREPARER. THE PROCESS, KEY AREAS AND ANY NEW CHANGES WERE REVIEWED PRIOR TO FILING WITH THE BAYSTATE HEALTH AUDIT AND COMPLIANCE COMMITTEE (ACC). THE ACC MEMBERS HAD AN OPPORTUNITY TO ASK QUESTIONS REGARDING THE TAX COMPLIANCE PROCESS AND THE TAX FILINGS IN GENERAL. THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BAYSTATE HEALTH BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BAYSTATE HEALTH FOUNDATION IS AN AFFILIATE OF BAYSTATE HEALTH, INC (BH). BH AND ITS AFFILIATED ENTITIES HAVE A COMPREHENSIVE CONFLICT OF INTEREST POLICY APPLICABLE TO ALL OF THE AFFILIATED ENTITIES. ALL DIRECTORS, TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES OF BH AND ITS AFFILIATES ARE ASKED TO COMPLETE AN ANNUAL "CONFLICT OF INTEREST" FORM. WE UTILIZE AN ELECTRONIC DATABASE TO RECEIVE AND MANAGE ALL CONFLICT OF INTEREST SUBMISSIONS. THIS INFORMATION IS REVIEWED BY THE CHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER, CHAIR OF THE BOARD OF TRUSTEES, CHIEF GENERAL COUNSEL AND THE CHAIR OF THE AUDIT & COMPLIANCE COMMITTEE. A SUMMARY OF THE CONFLICT OF INTEREST DISCLOSURES IS PROVIDED TO THE BAYSTATE HEALTH BOARD OF TRUSTEES AND THE TAX DEPARTMENT. POTENTIAL CONFLICT OF INTEREST TRANSACTIONS ARE REVIEWED AS APPROPRIATE UNDER THE POLICY, WHICH PROVIDES FOR RECUSAL FROM DISCUSSION AND DELIBERATION BY ANY PARTY WITH A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND CEO IS PAID BY BAYSTATE ADMINISTRATIVE SERVICES, INC., AN AFFILIATE AND RELATED ORGANIZATION OF THE FILING ORGANIZATION. THE COMPENSATION IS REVIEWED AND DETERMINED ANNUALLY BY THE HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. (THE PARENT ORGANIZATION OF THE HEALTH CARE SYSTEM TO WHICH THE FILING ORGANIZATION BELONGS). THIS COMMITTEE CONSISTS ENTIRELY OF INDIVIDUALS SERVING ON THE BOARD OF BAYSTATE HEALTH, INC. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION OF THE PRESIDENT AND CEO IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA.THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED COMPENSATION COMMITTEE OF BAYSTATE HEALTH, INC. THE COMPENSATION COMMITTEE DOCUMENTS ITS DELIBERATIONS AND COMPENSATION DECISIONS CONTEMPORANEOUSLY AT THE TIME SUCH DECISIONS ARE MADE. THE COMPENSATION OF THE CFO & TREASURER IS PAID BY BAYSTATE ADMINISTRATIVE SERVICES, INC., AN AFFILIATE AND RELATED ORGANIZATION OF THE FILING ORGANIZATION. THE COMPENSATION IS REVIEWED AND DETERMINED ANNUALLY BY THE HUMAN RESOURCES COMMITTEE OF BAYSTATE HEALTH, INC. (THE PARENT ORGANIZATION OF THE HEALTH CARE SYSTEM TO WHICH THE FILING ORGANIZATION BELONGS). THIS COMMITTEE CONSISTS ENTIRELY OF INDIVIDUALS SERVING ON THE BOARD OF BAYSTATE HEALTH, INC. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE CFO & TREASURER AND OF OTHER OFFICERS WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION CFO & TREASURER IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA. THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED COMPENSATION COMMITTEE OF BAYSTATE HEALTH, INC. THE COMPENSATION COMMITTEE DOCUMENTS ITS DELIBERATIONS AND COMPENSATION DECISIONS CONTEMPORANEOUSLY AT THE TIME SUCH DECISIONS ARE MADE. THE COMPENSATION OF OTHER OFFICERS OF THE FILING ORGANIZATION IS DETERMINED IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT, IN CONSULTATION WITH HUMAN RESOURCES, BASED ON THE BAYSTATE HEALTH BOARD APPROVED BUDGET AND WAGE PROGRAM FOR EACH FISCAL YEAR. THE HUMAN RESOURCES COMMITTEE REVIEWED, DETERMINED, AND APPROVED COMPENSATION FOR THE EXECUTIVES ON NOVEMBER 25, 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT WWW.BAYSTATEHEALTH.ORG. ARTICLES OF ORGANIZATION AND BYLAWS ARE GENERALLY AVAILABLE AT THE COMMONWEALTH OF MASSACHUSETTS WEBSITE. FORM 990, PART XI, LINE 9: PERPETUAL TRUST MV 2,918,027. LIFE INSURANCE ANNUITY MV 19,866. ESCROW ADJ CGA -28,362. PENSION ADJ -8,147. BAYSTATE ADMINISTRATIVE SERVICES INC 759 CHESTNUT STREET SPRINGFIELD MA 01199 222747685 ADMINISTRATIVE SERVICES MA 501(C)(3) 12C, III-FI BAYSTATE HEALTH INC 1 BAYSTATE FRANKLIN MEDICAL CENTER 164 HIGH STREET GREENFIELD MA 01301 042103575 HOSPITAL MA 501(C)(3) 3 BAYSTATE HEALTH INC 1 BAYSTATE HEALTH INC 759 CHESTNUT STREET SPRINGFIELD MA 01199 042105941 HEALTHCARE SYSTEM PARENT MA 501(C)(3) 7 N/A 0 BAYSTATE MEDICAL CENTER INC 759 CHESTNUT STREET SPRINGFIELD MA 01199 042790311 ACUTE CARE TEACHING HOSPITAL MA 501(C)(3) 3 BAYSTATE HEALTH INC 1 BAYSTATE NOBLE HOSPITAL CORPORATION 115 WEST SILVER STREET WESTFIELD MA 010861634 222537423 HOSPITAL MA 501(C)(3) 3 BAYSTATE HEALTH INC 1 BAYSTATE TOTAL HOME CARE INC 280 CHESTNUT STREET SPRINGFIELD MA 01104 203260764 REAL ESTATE AND OTHER MA 501(C)(3) 12B, II BAYSTATE MEDICAL CENTER INC 1 BAYSTATE WING HOSPITAL CORPORATION 40 WRIGHT STREET PALMER MA 01069 222519813 HOSPITAL MA 501(C)(3) 3 BAYSTATE HEALTH INC 1 HEALTH NEW ENGLAND INC MONARCH PLACE 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