Exeter Health Resources
- Assets
- $367.1m
- Revenue
- $15.8m
- Investments
- $338.3m
- Employees
- 36
- Location
- Exeter, NH
- Founding
- 01/1937
- Data as of
- 09/2021
- EIN
- 02-0222126
Organization Overview
Exeter Health Resources is located in Exeter, NH. The organization was established in 1937. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Exeter Health Resources employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exeter Health Resources 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, Exeter Health Resources generated $15.8m 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 $13.6m during the year ending 09/2021. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF EXETER HEALTH RESOURCES, INC. IS TO IMPROVE THE HEALTH OF THE COMMUNITY. THIS MISSION WILL BE ACCOMPLISHED WITHOUT COMPROMISING EXETER HEALTH RESOURCES, INC.'S SUSTAINABILITY, PRINCIPALLY BY SUPPORTING THE PROVISION OF HEALTH SERVICES AND INFORMATION TO THE COMMUNITY BY THE AFFILIATED COMPANIES OF EXETER HEALTH RESOURCES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXETER HEALTH RESOURCES, INC. IS THE PARENT COMPANY FOR:EXETER HOSPITAL, INC., A TAX-EXEMPT 100 BED ACUTE CARE HOSPITAL; ROCKINGHAM VISITING NURSE ASSOCIATION AND HOSPICE, INC., A TAX-EXEMPT HOME HEALTH AND HOSPICE AGENCY; CORE PHYSICIANS LLC, A TAX-EXEMPT MULTI-SPECIALTY PHYSICIAN GROUP PRACTICE; AND EXETER MED REAL, INC., A TAX-EXEMPT REAL ESTATE HOLDING COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Callahan Ceo/president/trustee | OfficerTrustee | 41 | $1,087,487 |
Kevin J O'leary Cfo/treasurer | Officer | 41 | $728,666 |
Neil Meehan DO Chief Physician Executive | 40 | $706,566 | |
Debra Cresta Chief Operating Officer | 40 | $567,700 | |
Melanie Lanier Chief Medical Off.,core Physicians | 40 | $514,831 | |
Mark Whitney VP Of Strategic Planning | 40 | $493,605 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaufman Hall & Associates Llc Strategic Advisory Services | 9/29/21 | $1,728,270 |
Locke Lord Llp Legal Fees | 9/29/21 | $238,468 |
Cambridge Associates Llc Investment Consultant | 9/29/21 | $196,500 |
Sg-2 Llc Analytic Services | 9/29/21 | $180,250 |
Carbon Crew Media Strategy Services | 9/29/21 | $174,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,459 |
| Total Program Service Revenue | $13,457,706 |
| Investment income | $129,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,459 |
| Net Gain/Loss on Asset Sales | $2,108,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,758,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,383,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,648,727 |
| Pension plan accruals and contributions | $127,529 |
| Other employee benefits | $662,553 |
| Payroll taxes | $372,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $317,931 |
| Fees for services: Accounting | $51,000 |
| Fees for services: Lobbying | $9,830 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,889,940 |
| Advertising and promotion | $504,296 |
| Office expenses | $60,206 |
| Information technology | $530 |
| Royalties | $0 |
| Occupancy | $124,741 |
| Travel | $16,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,094 |
| Insurance | $329,704 |
| All other expenses | $1,283 |
| Total functional expenses | $13,577,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,598,705 |
| Savings and temporary cash investments | $347,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $947,666 |
| Net Land, buildings, and equipment | $281,975 |
| Investments—publicly traded securities | $9,831,891 |
| Investments—other securities | $338,315,780 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,669,886 |
| Total assets | $367,054,931 |
| Accounts payable and accrued expenses | $3,849,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,706,055 |
| Total liabilities | $7,555,477 |
| Net assets without donor restrictions | $328,271,048 |
| Net assets with donor restrictions | $31,228,406 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $367,054,931 |
Grants Awarded
Over the last fiscal year, Exeter Health Resources has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Stratham, NH PURPOSE: Sponsorship of youth baseball league | $5,000 |
Portsmouth, NH PURPOSE: Meeting Sponsorship | $5,000 |
Portsmouth, NH PURPOSE: Support museum's mission to promote understanding of the lives of individuals and the value of community through encounters with the history and ongoing preservation of a New England Seaport Neighborhood | $5,000 |
Endowment Analysis
| Beg. Balance | $3,885,097 |
| Earnings | $780,400 |
| Net Contributions | $4,459 |
| Other Expense | $218,000 |
| Ending Balance | $4,451,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |
Upstream Usa Inc Boston, MA | $120,584,353 | $35,269,071 |
Bostons Community Medical Group Inc Boston, MA | $39,511,164 | $27,244,634 |
Mass General Brigham Incorporated Boston, MA | $348,073,191 | $73,914,360 |
Springfield Medical Care Systems Inc Springfield, VT | $19,479,475 | $27,227,514 |
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |