Nonprofit · EIN 22-2520073
HOLYOKE MEDICAL CENTER INC
Tax-exempt · HOLYOKE, MA 01040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $306,197,810 | $321,259,834 | -$15,062,024 | $144,653,522 | $83,311,600 | $61,341,922 |
| September 30, 2024 | 990 | $266,145,557 | $264,667,624 | $1,477,933 | $129,344,658 | $89,883,786 | $39,460,872 |
| September 30, 2023 | 990 | $245,542,484 | $248,612,084 | -$3,069,600 | $123,522,026 | $82,757,901 | $40,764,125 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,620,246
- of which government grants
- $1,451,618
- Program service revenue
- $304,022,561
- Investment income
- $457,940
- Net rental income
- $97,063
- Net gain from sales of assets
- $266,666
- Other revenue
- $97,063
Expenses
- Grants and similar amounts paid
- $46,810
- Compensation of officers, directors and key employees
- $819,107
- Other salaries and wages
- $142,800,503
- Salaries, compensation and benefits (total)
- $203,199,119
- Professional fundraising fees
- $0
- Legal fees
- $255,564
- Accounting fees
- $128,915
- Occupancy
- $4,411,645
- Travel
- $81,511
- Depreciation
- $7,168,743
- Program services (functional)
- $277,572,713
- Management and general (functional)
- $43,687,121
Balance sheet and other
- Total assets, start of year
- $129,344,658
- Total assets, end of year
- $144,653,522
- Total liabilities, end of year
- $83,311,600
- Net assets, end of year
- $61,341,922
- Land, buildings and equipment
- $58,143,185
- Publicly traded securities
- $334,880
- Net assets without donor restrictions
- $55,623,246
- Net assets with donor restrictions
- $5,718,676
- Gross unrelated business income
- $2,506,633
- Gross receipts
- $311,565,390
- Employees
- 2,113
- Volunteers
- 65
- Year formed
- 1984
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Frederik Pennings MD | Neurosurgeon Highest-paid employee | 50 | $1,414,123 | $0 | $21,941 |
| Noah J Epstein MD | Orthopedic Surgeon Highest-paid employee | 50 | $1,118,392 | $0 | $25,391 |
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 40 | $0 | $906,011 | $77,893 |
| Andrey Pavlov MD | Pulmonologist Highest-paid employee | 50 | $898,653 | $0 | $3,063 |
| Nirav R Sheth MD | Cardiologist Highest-paid employee | 50 | $848,782 | $0 | $25,391 |
| Alexander Berry MD | Urologist Highest-paid employee | 50 | $826,489 | $0 | $25,391 |
| Simon Ahtaridis MD | Director/Medical Dir. (end 11/24) Trustee or director | 50 | $394,096 | $0 | $37,282 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 40 | $0 | $380,743 | $48,873 |
| John Mazzucco MD | Director/General Surgeon Trustee or director | 50 | $356,143 | $0 | $20,048 |
| Kartik Viswanathan MD | Director/Int. Medicine (start 12/24) Trustee or director | 0.5 | $0 | $339,918 | $25,391 |
| Vishal Tiwari MD | Director/Medical Dir. (start 12/24) Trustee or director | 50 | $11,538 | $0 | $0 |
| Julie A Beck MD | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tom Buck MD | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Shannon Gurek | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Rome | Director Trustee or director | 0.5 | $0 |
| Idelia Smith | Director Trustee or director | 0.5 | $0 |
| George Timmons PhD | Director Trustee or director | 0.5 | $0 |
| Tricia Koss | Chair Trustee or director, Officer | 1 | $0 |
| Michael Sugrue | Director/Vice Chair Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 40 | $0 | $920,224 | $76,706 |
| Noah J Epstein MD | Orthopedic Surgeon Highest-paid employee | 50 | $950,463 | $0 | $25,241 |
| Andrey Pavlov MD | Pulmonologist Highest-paid employee | 50 | $962,720 | $0 | $3,062 |
| Alexander Berry MD | Urologist Highest-paid employee | 50 | $922,932 | $0 | $25,241 |
| Marc J Zerbe MD | Obstetrician/Gynecologist Highest-paid employee | 50 | $847,071 | $0 | $25,241 |
| Nirav R Sheth MD | Cardiologist Highest-paid employee | 50 | $798,976 | $0 | $25,241 |
| Simon Ahtaridis MD | Director/Medical Director Trustee or director | 50 | $373,911 | $0 | $41,531 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 40 | $0 | $351,730 | $48,263 |
| John Mazzucco MD | Director/General Surgeon Trustee or director | 50 | $360,713 | $0 | $19,898 |
| Julie A Beck MD | Director (start 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Tom Buck MD | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Shannon Gurek | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| John Hazen | Director (end 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Sara Lawrence | Director (end 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Daniel McIntire | Director (end 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Gary Rome | Director (start 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Idelia Smith | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| George Timmons PhD | Director (start 2/2024) Trustee or director | 0.5 | $0 | $0 | $0 |
| Tricia Koss | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Marcotte | Vice Chair (end 2/2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Sugrue | Director/Vice Chair (start 2/2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Alexander Berry MD | Urologist Highest-paid employee | 50 | $1,122,830 | $0 | $27,984 |
| Noah J Epstein MD | Orthopedic Surgeon Highest-paid employee | 50 | $1,061,803 | $0 | $27,984 |
| Spiridon E Hatiras | President & CEO, Clerk Trustee or director, Officer | 40 | $0 | $907,453 | $73,368 |
| Marc J Zerbe MD | Obstetrician / Gynecologis Highest-paid employee | 50 | $930,088 | $0 | $27,984 |
| Nirav R Sheth MD | Cardiologist Highest-paid employee | 50 | $827,018 | $0 | $27,984 |
| Hariharan Subramanian MD | Cardiologist Highest-paid employee | 50 | $762,458 | $0 | $6,002 |
| John Mazzucco MD | Director/General Surgeon Trustee or director | 50 | $466,171 | $0 | $17,931 |
| Simon Ahtaridis MD | Director/Med. Director Trustee or director | 50 | $371,499 | $0 | $42,908 |
| Dean Vitarisi | Treasurer & CFO Trustee or director, Officer | 40 | $0 | $338,192 | $25,084 |
| Tom Buck MD | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Shannon Gurek | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| John Hazen | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Sara Lawrence | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Mary Jo Maydew | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Daniel McIntire | Director (start 5/2023) Trustee or director | 0.5 | $0 | $0 | $0 |
| Michael Sugrue | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Idelia Smith | Chair (end 2/2023); Director Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tricia Koss | Vice Chair (end 2/2023); Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Marcotte | Director; Vice Chair (start 2/2023) Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 575 BEECH ST, HOLYOKE, MA 01040-2223
- Principal officer (990 for 2024)
- Spiridon E Hatiras, 575 Beech Street, Holyoke, MA 010402223
- Signed the 990
- Dean Vitarisi, Treasurer & CFO
- Phone
- (413) 534-2667
- Website
- www.holyokehealth.com
- Return prepared by
- Baker Newman & Noyes
Mission
Our Mission at Holyoke Medical Center is to improve the health of all people in our community. We do that with honesty, respect and dignity for our patients, visitors and staff. We do that through expert and compassionate care, education and knowledge sharing, community partnerships, fostering innovation and growth and by inspiring hope in all we touch. We do that by being good stewards of our resources and providing efficient and cost effective care to all.
Program accomplishments
- Holyoke 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 services; (3) provide information, education, and expertise to our community in order to promote the general health of its citizens; (4) provide an environment of excellence and growth in which health care professionals can use their skills and abilities to the fullest extent possible; (5) provide competitive wages and benefits, as well as safe and dignified working conditions, for all employees; (6) ensure financial responsibility in the operation of the medical center in order to guarantee the future viability of our mission; (7) provide a formal, public, and ongoing program of community benefits, in cooperation with community individuals and organizations, to improve the health status of the public including especially the medically and economically vulnerable. Holyoke Medical Center, Inc. provided inpatient, outpatient, OB/GYN, and emergency healthcare services and certain physician services to the residents of Holyoke, Massachusetts and the surrounding communities. Inpatient healthcare services included medical, surgical, critical care, cardiac, obstetrical, psychiatric, and oncology services. During FY 2025, HMC provided 43,931 patient days of inpatient services with 7,686 discharges. Outpatient healthcare services included a full array of diagnostic, therapeutic, and behavioral health services. During FY 2025, HMC had 461,203 outpatient visits. Emergency services were provided by a 24-hour emergency department. During FY 2025, HMC had 44,069 emergency department visits.Expenses $277,572,713 · grants $46,810 · revenue $301,563,176
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 22-2520073
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $144,653,522
- Income (IRS master file)
- $311,565,390
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $306,197,810 | $321,259,834 | $144,653,522 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $266,145,557 | $264,667,624 | $129,344,658 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $245,542,484 | $248,612,084 | $123,522,026 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $220,302,598 | $219,173,615 | $113,711,951 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2520073).
Questions about HOLYOKE MEDICAL CENTER INC
- What is the EIN of HOLYOKE MEDICAL CENTER INC?
- The employer identification number (EIN) of HOLYOKE MEDICAL CENTER INC is 22-2520073.
- Is HOLYOKE MEDICAL CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to HOLYOKE MEDICAL CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOLYOKE MEDICAL CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOLYOKE MEDICAL CENTER INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLYOKE MEDICAL CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of HOLYOKE MEDICAL CENTER INC?
- The 990 for the year ended September 30, 2025 names Spiridon E Hatiras.
- Who are the officers and directors of HOLYOKE MEDICAL CENTER INC?
- The 990 for the year ended September 30, 2025 lists 20 people; 8 received compensation from the organization, the highest $1,414,123 (Frederik Pennings MD, Neurosurgeon).
- How much revenue does HOLYOKE MEDICAL CENTER INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $306,197,810, expenses of $321,259,834 and total assets of $144,653,522 at year end.
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