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Pioneer Valley Cardiology Associates Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health Treatment Facilities, Primarily Outpatient (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$8.7M (2023)

Expenses
$17.7M (2023)

Total Assets
$1.35M (2023)

Total Liabilities
$2.63M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,700,560
Expenses
$17,667,031
Net Income
-$8,966,471
Net Assets
-$1,278,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,514,280
97.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $186,280
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,348,239
Total Liabilities $2,626,732
Net Assets -$1,278,493
Compensation
Key Employees and Officers Compensation Related Other
Deborah Bitsoli (Director; President; Chair) $0 $695,941 $143,204
Robert Roose Md (Director; Mh Chief Admin Officer) $0 $546,412 $52,001
Stuart Rosenberg (Vp Op, Jmh President Through 12/22) $0 $428,127 $73,555
Mike Ryan (Dir, Sec, Treas; Reg Vp Of Finance) $0 $402,491 $47,016
Daniel Keenan (Former Officer; Svp Gov't Relations) $0 $322,759 $55,840
James Harris (Fmr Officer; Th Of Ne Dir Of Reimb) $0 $226,142 $45,875

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,822,932
Expenses
$16,781,117
Net Income
-$1,958,185
Net Assets
-$2,312,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,288
0.6%
Program Services $14,618,673
98.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $116,971
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,842,732
Total Liabilities $4,154,754
Net Assets -$2,312,022
Compensation
Key Employees and Officers Compensation Related Other
Natasha Mckay Md (Director Through 12/21; Physician) $0 $933,884 $48,143
Thomas Robert (Former Officer; Sphp Treas & Cfo) $0 $643,445 $133,814
Deborah Bitsoli (Director; President; Chair At 1/22) $0 $595,665 $132,961
Robert Roose Md (Director As Of 1/22; Cmo) $0 $483,810 $45,153
Stuart Rosenberg (Vp Op; Pres, Johnson Memorial Hosp) $0 $419,746 $69,748
Daniel Keenan (Asst. Sec Thr 12/21; Svp Gov't Rel) $0 $316,213 $53,043
Guy Distefano (Dir,Sec1/22 2/22;Trea,Vp Fin Thr2/22) $0 $309,018 $45,003
James Harris (Fmr Officer; Th Of Ne Dir Of Reimb) $0 $229,788 $49,476
Mike Ryan (Dir, Secy, Treas At 4/22; Reg Vp Fin) $0 $171,963 $6,528
John Marenco Md (Dir Thr 12/21; Pres Medical Staff) $0 $51,000 $0
Yvonne Boudreau (Director Through 12/21) $0 $3,422 $0
Paul Mancinone (Director; Chair Through 12/21) $0 $0 $0
Michelle Theroux (Director & Vice Chair Through 12/21) $0 $0 $0
Sabrina Woodgett (Director And Secretary Through 12/21) $0 $0 $0
Mary Caritas Geary Sp (Director Through 12/21) $0 $0 $0
Lisa Mccarthy (Director Through 12/21) $0 $0 $0
Ruth Mcgoldrick Sp (Director Through 12/21) $0 $0 $0
Shirin Nash Md (Director Through 12/21) $0 $0 $0
William Silvanic (Director Through 12/21) $0 $0 $0
Dean Whalen (Director Through 12/21) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,800,420
Expenses
$14,789,830
Net Income
-$5,989,410
Net Assets
-$40,353,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,696,061
98.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $104,359
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,208,682
Total Liabilities $41,562,519
Net Assets -$40,353,837
Compensation
Key Employees and Officers Compensation Related Other
Daniel Moen (Former Officer; Sfmc Tren Pres/Ceo) $0 $703,752 $62,129
Natasha Mckay Md (Director; Physician) $0 $695,983 $45,534
Thomas Robert (Former Officer; Sphp Treas & Cfo) $0 $460,637 $113,339
Deborah Bitsoli (Director And President) $0 $448,614 $107,308
Mark Fulco (Former Officer) $0 $450,748 $14,980
Stuart Rosenberg (Vp Operations; Jmh President) $0 $351,886 $64,843
Guy Distefano (Treasurer And Vp Finance) $0 $370,362 $39,458
Daniel Keenan (Asst. Sec; Svp Government Relations) $0 $262,523 $49,219
Yvonne Boudreau (Dir; Th Of Ne Svp Mission Thr 12/20) $0 $280,591 $9,070
James Harris (Fmr Officer; Th Of Ne Dir Of Reimb) $0 $192,722 $44,514
Charles Flinn (Former Key Employee) $0 $126,817 $2,727
John Marenco Md (Director; President Of Medical Staff) $0 $51,000 $0
Paul Mancinone (Director; Chair) $0 $0 $0
Paul Marchese (Director, Vice Chair Through 12/20) $0 $0 $0
William Silvanic (Director; Secretary Through 12/20) $0 $0 $0
Michelle Theroux (Director; Vice Chair As Of 1/21) $0 $0 $0
Sabrina Woodgett (Director; Secretary As Of 1/21) $0 $0 $0
Mary Caritas Geary Sp (Director) $0 $0 $0
Lisa Mccarthy (Director As Of 5/21) $0 $0 $0
Ruth Mcgoldrick Sp (Director) $0 $0 $0
Shirin Nash Md (Director) $0 $0 $0
Dean Whalen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,220,118
Expenses
$13,649,936
Net Income
-$5,429,818
Net Assets
-$34,364,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $216,563
2.6%
Program Services $7,999,299
97.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,256
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $948,159
Total Liabilities $35,312,586
Net Assets -$34,364,427
Compensation
Key Employees and Officers Compensation Related Other
Mark Fulco (Director & President Through 11/19) $0 $560,303 $421,873
Natasha Mckay Md (Director As Of 1/20; Physician) $0 $781,363 $40,894
Daniel Moen (Former Officer; Sfmc Tren Pres/Ceo) $0 $673,521 $56,221
Thomas Robert (Former Officer; Sphp Treas & Cfo) $0 $581,857 $126,270
Daniel Morrison Md (Dir Thr 12/19; Pres Mercy Med Staff) $0 $609,117 $34,992
Leonard Pansa (Former Ke; Th Of Ne Reg Chro & Svp) $0 $539,431 $33,860
Stuart Rosenberg (Vp Operations; Jmh President) $0 $423,725 $60,529
Charles Flinn (Former Key Employee) $0 $349,718 $133,962
Daniel Keenan (Asst. Sec; Svp Gov't Relations) $0 $302,975 $46,163
Yvonne Boudreau (Dir As Of 2/20; Th Of Ne Svp Mission) $0 $311,516 $35,670
James Harris (Fmr Officer; Th Of Ne Dir Of Reimb) $0 $235,981 $44,584
Beth O'brien (Former Officer) $0 $232,846 $3,327
Dean Vitarisi (Former Officer) $0 $213,866 $13,742
Deborah Bitsoli (Director & President As Of 12/19) $0 $95,838 $23,351
Guy Distefano (Treasurer And Vp Finance As Of 10/19) $0 $66,871 $4,127
John Marenco (Dir As Of 1/20; Pres Of Med Staff) $0 $25,000 $0
Paul Mancinone (Director; Chair) $0 $0 $0
Paul Marchese (Director; Vice Chair) $0 $0 $0
William Silvanic (Director; Secretary) $0 $0 $0
Mary Geary Caritas Sp (Director) $0 $0 $0
Ruth Mcgoldrick Sp (Director) $0 $0 $0
Shirin Nash (Director As Of 9/19) $0 $0 $0
Michelle Theroux (Director) $0 $0 $0
Dean Whalen (Director) $0 $0 $0
Sabrina Woodgett (Director As Of 1/20) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,251,845
Expenses
$12,956,339
Net Income
-$4,704,494
Net Assets
-$28,934,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,907,392
95.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $344,453
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $969,389
Total Liabilities $29,903,998
Net Assets -$28,934,609
Compensation
Key Employees and Officers Compensation Related Other
Mark Fulco (Director; President) $0 $507,509 $46,336
Paul Mancinone (Dir; V Chr Thr 11/18; Chair At 11/18) $0 $0 $0
Dean Whalen (Director; Chair Through 11/18) $0 $0 $0
Paul Marchese (Director; Vice Chair As Of 1/19) $0 $0 $0
William Silvanic (Director & Secretary) $0 $0 $0
Mary Geary Caritas Sp (Director) $0 $0 $0
Ruth Mcgoldrick Sp (Director) $0 $0 $0
Daniel Morrison Md (Director; Pres Mercy Hosp Med Staff) $0 $580,481 $35,489
John Sjoberg (Director Through 4/19) $0 $0 $0
Michelle Theroux (Director) $0 $0 $0
Daniel Keenan (Asst. Sec; Svp Gov't Relations) $0 $336,316 $44,619
James Harris (Asst Treas; Th Of Ne Dir Of Reimb) $0 $221,529 $37,932
Dean Vitarisi (Treasurer & Vp Finance Through 3/19) $0 $289,767 $43,368
Daniel Janicak (Interim Vp Finance As Of 5/19) $0 $0 $0
Stuart Rosenberg (Vp Operations At 1/19; Jmh President) $0 $436,256 $77,702
Daniel Moen (Former Officer; Sfmc Tren Pres/Ceo) $0 $616,639 $46,595
Leonard Pansa (Former Ke; Th Of Ne Reg Chro & Svp) $0 $524,002 $33,126
Scott Wolf (Former Officer) $0 $239,411 $7,299
Thomas Robert (Former Officer; Sphp Treas & Cfo) $0 $515,198 $119,309
Beth O'brien (Former Officer) $0 $468,119 $225,136
Charles Flinn (Former Key Employee) $0 $391,269 $4,235

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,004,709
Expenses
$13,359,680
Net Income
-$5,354,971
Net Assets
-$24,230,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,989,161
99.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,548
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,004,686
Total Liabilities $25,234,801
Net Assets -$24,230,115
Compensation
Key Employees and Officers Compensation Related Other
Mark Fulco (Director & President As Of 10/17) $0 $550,068 $40,352
Beth O'brien (Director & Int President Thr 9/17) $0 $296,095 $15,144
Dean Whalen Esquire (Director & Chair As Of 6/18) $0 $0 $0
Paul Mancinone (Director & Vice Chair As Of 6/18) $0 $0 $0
Daniel Keenan (Dir Th 12/17;Asst Sec 6/18;Svp Gov't) $0 $275,781 $42,583
William Silvanic (Director & Secretary As Of 1/18) $0 $0 $0
Dean Vitarisi (Dir 11/17 5/18;Treas & Vp Fin 11/17) $0 $188,275 $26,588
Paul Marchese (Director As Of 6/18) $0 $0 $0
Daniel Morrison Md (Director As Of 6/18; Physician) $0 $538,456 $34,342
Ruth Mcgoldrick Sp (Director As Of 6/18) $0 $0 $0
Mary Geary Caritas Sp (Director As Of 6/18) $0 $0 $0
Michelle Theroux (Director As Of 6/18) $0 $0 $0
John Sjoberg (Director As Of 6/18) $0 $0 $0
Ralph Becker (Treasurer & Int Vp Finance Thr 10/17) $0 $398,821 $21,552
James Harris (Asst Treas; Th Of Ne Dir Of Reimb) $0 $211,863 $20,457
Charles Flinn (Interim Coo Through 4/18) $0 $474,037 $16,559
Daniel Moen (Fmr Off; Sfmc Tren Pres/Ceo At 4/18) $0 $822,113 $221,599
Leonard Pansa (Former Ke; Svp Hr & Admin Svcs) $0 $531,103 $26,319
Scott Wolf (Former Officer) $0 $697,993 $230,471
Thomas Robert (Former Officer; Sphp Treas & Cfo) $0 $517,328 $47,445

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,288,117
Expenses
$12,725,338
Net Income
-$5,437,221
Net Assets
-$18,875,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,288,117
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,943,520
Total Liabilities $20,818,664
Net Assets -$18,875,144
Compensation
Key Employees and Officers Compensation Related Other
Beth O'brien (Director & Int President As Of 4/17) $0 $0 $0
Scott Wolf (Director, President & Ceo Thr 3/17) $0 $521,489 $39,297
Thomas Robert (Director, Treas, Svp & Cfo Thr 1/17) $0 $437,500 $46,521
Daniel Keenan (Director; Secr; Svp Gov't Relations) $0 $246,029 $36,536
Ralph Becker (Treasurer & Int Vp Finance At 2/17) $0 $456,654 $23,648
Charles Flinn (Interim Coo As Of 2/17) $0 $468,037 $15,970
Daniel Moen (Former Officer; Trinity Executive) $0 $922,675 $45,022
Leonard Pansa (Former Ke; Svp Hr & Admin Svcs) $0 $449,443 $20,906

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,087,805
Expenses
$11,164,797
Net Income
-$4,076,992
Net Assets
-$13,437,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,009,405
98.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $78,400
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,621,349
Total Liabilities $15,059,272
Net Assets -$13,437,923
Compensation
Key Employees and Officers Compensation Related Other
Daniel P Moen (Director/President & Ceo Thr 12/15) $0 $907,010 $40,995
Scott Wolf (Dir; Sec Thr 12/15; Pres/Ceo At 1/16) $0 $492,228 $43,666
Thomas Robert (Director; Treasurer; Svp & Cfo) $0 $430,359 $49,862
Daniel Keenan (Direc/Sec At 1/16;Ast Sec Thr 12/15) $0 $245,823 $41,656
Leonard F Pansa (Former Ke; Svp Hr & Admin Services) $0 $364,214 $24,174

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,487,058
Expenses
$9,976,158
Net Income
-$3,489,100
Net Assets
-$9,360,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,712,148
88.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $774,910
11.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,037,443
Total Liabilities $10,398,374
Net Assets -$9,360,931

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,848,700
Expenses
$8,521,677
Net Income
-$3,672,977
Net Assets
-$5,871,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,687,000
96.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $161,700
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,391,655
Total Liabilities $7,263,486
Net Assets -$5,871,831
Compensation
Key Employees and Officers Compensation Related Other
Daniel P Moen (Trustee; President & Ceo) $0 $819,398 $40,778
Thomas Robert (Trustee; Treasurer; Svp & Cfo) $0 $349,666 $36,204
Scott Wolf (Trustee; Secretary/Svp & Cmo) $0 $415,272 $38,718
Daniel Keenan (Asst Secretary/Svp Gov't Relations) $0 $226,698 $29,812
Leonard F Pansa (Svp, Hr & Admin Services) $0 $309,483 $14,250

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,622,413
Expenses
$4,049,545
Net Income
-$1,427,132
Net Assets
-$2,198,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,622,413
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $677,107
Total Liabilities $2,875,961
Net Assets -$2,198,854

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,211,542
Expenses
$1,983,264
Net Income
-$771,722
Net Assets
-$771,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,211,542
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $963,585
Total Liabilities $1,735,307
Net Assets -$771,722

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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