2026-08-13T16:50:22-05:00 2025-09-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-10-01 042709501 STURDY HEALTH INC STUR 5082225200 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 AMY PFEFFER CFO/TREASURER 5082225200 2026-08-13 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z AIMEE B BREWER 211 PARK STREET PO BOX 2963 ATTLEBORO MA 02703 92185902 0 X WWW.STURDYHEALTH.ORG X 1980 MA TO EXPAND AND IMPROVE THE AVAILABILITY OF QUALITY MEDICAL CARE IN THE SMH SERVICE AREA. 7 3 624 3 0 0 18076962 21440990 63985832 70328292 0 29970 421077 386650 82483871 92185902 93333 79969 0 0 63165670 71862206 0 0 0 21415322 22766976 84674325 94709151 -2190454 -2523249 33716076 17211698 27566648 11062270 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 80326043 79969 70714942 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 YEAR 2025, STURDY HEALTH, INC. OPERATED TWENTY-ONE GROUP PRACTICES AND ONE URGENT CARE CENTER IN THE TOWNS OF ATTLEBORO, NORTH ATTLEBORO, REHOBOTH-SEEKONK, NORTON, PLAINVILLE, AND MANSFIELD. 80326043 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 38 0 1 624 1 0 0 0 0 0 0 0 0 0 0 0 X 7 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 1359087 214891 LISA BOWIE MD DIRECTOR & PROVIDER (AS OF 01/2025) 30.00 2.00 X 337761 0 172041 ASMA LATIF MD DIRECTOR 40.00 5.00 X 396009 0 79702 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 42.00 1.00 X 236598 0 7783 MICHAEL THURSBY DO PRESIDENT 2.00 0.00 X X 0 0 0 DONNA N KIMMEL DIRECTOR 2.00 3.00 X 0 0 0 JOHN KORONA DIRECTOR 2.00 3.00 X 0 0 0 AMY PFEFFER CFO/TREASURER 5.00 40.00 X 0 695710 296686 WAYNE GIETZ COO 25.00 20.00 X 0 684108 155885 NITHIN KARANTH MD PHYSICIAN 5.00 43.00 X 1051760 0 68570 BARBARA STRICKER MD PHYSICIAN 45.00 0.00 X 735781 0 198155 RAYMOND PETIT PHYSICIAN 45.00 0.00 X 716399 0 185503 RONALD PIGEON PHYSICIAN 45.00 0.00 X 672714 0 214042 RICHARD STATMAN PHYSICIAN 45.00 0.00 X 660126 0 161095 4807148 2738905 1754353 147 0 1 0 PRATT PATHOLOGY ASSOCIATES INC PO BOX 23273 NEW YORK NY 10087 CONTRACTED PHYSICIAN SERVICES 1283333 PREMIER DIAGNOSTIC SERVICES INC 378 PAGE ST SUITE 101 STOUGHTON MA 02072 CONTRACTED ULTRASOUND SERVICES 647972 UNIVERSITY ORTHOPEDICS INC 1 KETTLE POINT AVE EAST PROVIDENCE RI 02914 CONTRACTED PHYSICIAN SERVICES 347833 DREAMMED CONSULTANTS LLC 102 HUNTING HILL DR CUMBERLAND RI 02864 CONTRACTED PHYSICIAN SERVICES 322685 CONCERT HEALTH BEHAVIORAL HEALTH SVCS P 550 WB ST 4TH FL SAN DIEGO CA 92101 BEHAVIORAL HEALTH SERVICES 265673 13 21440990 21440990 PATIENT SERVICES 621110 66702200 66702200 INCENTIVE PAYMENTS 900099 3302534 3302534 OTHER PATIENT SERVICES 621110 323558 323558 70328292 24085 0 24085 24085 24085 29970 0 29970 29970 29970 PATIENT CARE MGMT. FEE 900099 335686 335686 REBATES 900099 21079 21079 5800 5800 362565 92185902 70714942 0 29970 79969 79969 1517773 1517773 58315648 48196402 10119246 1547901 1216814 331087 7027199 5824871 1202328 3453685 2865387 588298 10000 10000 1992345 1180723 811622 4024 4024 801445 673214 128231 2777135 2332793 444342 4111046 3453279 657767 8677 7289 1388 151470 127235 24235 378373 317833 60540 2451435 2451435 MEDICAL EXPENSES 4382333 4382333 PURCHASED MEDICAL SVCS. 2469798 2469798 BAD DEBT 2409202 2409202 MAINTENANCE & REPAIRS 598546 598546 221147 221147 94709151 80326043 14383108 0 1347 1284 1321588 2475816 6232642 7214598 431016 456124 4932443 1951793 6595695 5163298 1432997 1432397 19364043 3679686 33716076 17211698 8645877 5613812 82858 96842 18837913 5351616 27566648 11062270 X 6149428 6149428 6149428 6149428 33716076 17211698 X -2523249 2523249 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 5173 5173 2126713 867573 1259140 278330 215405 62925 4155247 4054403 100844 30232 25917 4315 1432397 INSURANCE RECOVERY RECEIVABLE 2655000 DUE FROM AFFILIATES/OTHERS 714027 OPERATING LEASE RIGHT OF USE 308779 ESCROW DEPOSIT 1880 3679686 INSURANCE CLAIMS - LONG TERM 2655000 DUE TO AFFILIATE 2536289 OPERATING LEASE OBLIGATIONS 160327 5351616 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 SCHOOLCITY OF ATTLEBORO 77 PARK STREET ATTLEBORO MA 02703 046001378 115 79969 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 ACTIVITIES 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 827447 0 374850 0 156790 0 189670 0 25221 0 1573978 0 0 NITHIN KARANTH MD PHYSICIAN 767617 0 283333 0 810 0 66434 0 2136 0 1120330 0 0 0 AMY PFEFFER CFO/TREASURER 0 476430 0 95806 0 123474 0 272027 0 24659 0 992396 0 0 BARBARA STRICKER MD PHYSICIAN 473997 0 258790 0 2994 0 171361 0 26794 0 933936 0 0 0 RAYMOND PETIT PHYSICIAN 694831 0 14710 0 6858 0 158709 0 26794 0 901902 0 0 0 RONALD PIGEON PHYSICIAN 551228 0 119164 0 2322 0 188280 0 25762 0 886756 0 0 0 WAYNE GIETZ COO 0 521846 0 116699 0 45563 0 130734 0 25151 0 839993 0 0 RICHARD STATMAN PHYSICIAN 656562 0 0 0 3564 0 135333 0 25762 0 821221 0 0 0 LISA BOWIE MD DIRECTOR & PROVIDER (AS OF 01/2025) 286201 0 51243 0 317 0 171130 0 911 0 509802 0 0 0 ASMA LATIF MD DIRECTOR 275725 0 120042 0 242 0 55536 0 24166 0 475711 0 0 0 STEVEN BENSSON MD DIRECTOR & PHYSICIAN 167130 0 68117 0 1351 0 1754 0 6029 0 244381 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 CERTAIN LISTED INDIVIDUALS PARTICIPATE IN SUPPLEMENTAL NONQUALIFED RETIREMENT PLAN. AS REQUIRED BY IRS INSTRUCTIONS, THE CONTRIBUTIONS TO THESE PLANS, WHICH ARE NOT VESTED AND SUBJECT TO RISK OF FORFEITURE, ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AMOUNTS VESTED ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). 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 B(III): A ONE-TIME PAYOUT FOR TERMINATION OF EXECUTIVE EARNED TIME PLAN GENERATED ADDITIONAL EMPLOYEE COMPENSATION DURING THE YEAR. 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 56280 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 SIDDALL 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 CONSISTS 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 2025. 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 AFFILIATES 2,428,524. RELEASED FROM RESTRICTED NET ASSETS 94,725. 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.