Valley Regional Hospital Inc

Organization Overview

Valley Regional Hospital Inc is located in Claremont, NH. The organization was established in 1957. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Valley Regional Hospital Inc employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Regional Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Valley Regional Hospital Inc generated $53.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $47.5m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CRITICAL ACCESS HOSPITAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALLEY REGIONAL HOSPITAL IS A PROVIDER OF HEALTH SERVICES WITH FACILITIES IN THE CLAREMONT, NH AREA. THE HOSPITAL GRANTS CREDIT TO PATIENTS, SUBSTANTIALLY ALL OF WHOM ARE LOCAL RESIDENTS. THE HOSPITAL ALSO PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS FINANCIAL ASSISTANCE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS FINANCIALLY-ASSISTED CARE. THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF FINANCIALLY-ASSISTED CARE IT PROVIDES. FOR THE YEAR ENDING SEPTEMBER 30, 2021 CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE CHARITY CARE POLICY WERE APPROXIMATELY $622,000. THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES WAS APPROXIMATELY $420,000.IN ADDITION, THE HOSPITAL PROVIDES A NUMBER OF OTHER SERVICES TO BENEFIT CERTAIN POOR AND ELDERLY PATIENTS. MEDICAID AND STATE PROGRAMS DO NOT COVER THE FULL COST OF THE HOSPITAL INCURRED COST OF PROVIDING MEDICAL CARE TO PATIENTS. THE HOSPITAL PROVIDES SERVICES TO RESIDENTS THROUGHOUT THE REGION. THOSE SERVICES INCLUDE HEALTH EVALUATIONS, SCREENINGS, AND FLU VACCINE ADMINISTRATION AT COMMUNITY EVENTS AND IN THE WORKPLACE. HEALTH EDUCATION, WELLNESS, CHRONIC DISEASE MANAGEMENT, FITNESS, AND ERGONOMIC PROGRAMS ARE ALSO WIDELY OFFERED. FOR THESE SERVICES, AND MANY OTHER COMMUNITY SERVICES, THE HOSPITAL RECEIVES LITTLE OR NO PAYMENT.OTHER COMMUNITY BENEFITS CAN'T BE QUANTIFIED OR ASSIGNED A VALUE. FOR EXAMPLE, THE HOSPITAL PROVIDES COMMITTEE AND BOARD PARTICIPANTS AND EXPERTISE TO ADDRESS COMMUNITY NEEDS; TO SUPPORT COMMUNITY HEALTH INITIATIVES; TO ADVOCATE FOR AND SUPPORT INDIVIDUALS WHO ARE SOCIALLY, ECONOMICALLY AND PHYSICALLY CHALLENGED; AND TO COLLABORATE WITH THE LOCAL PUBLIC SAFETY ORGANIZATIONS.


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Outside Vendors & Contractors

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Contracted Staffing
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,453,320
All other contributions, gifts, grants, and similar amounts not included above$278,391
Noncash contributions included in lines 1a–1f $10,275
Total Revenue from Contributions, Gifts, Grants & Similar$4,731,711
Total Program Service Revenue$47,313,683
Investment income $705,032
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $21,626
Net Gain/Loss on Asset Sales $412,946
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $53,184,998

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Valley Regional Hospital Inc has recieved totaling $98,503.

Awarding OrganizationAmount
Clarence H Martin Trust Memorial Fund

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$98,503
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,058,402
Earnings$1,287,893
Other Expense$67,136
Ending Balance$7,279,159

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