St Joseph Hospital Of Nashua Nh
- Assets
- $273.7m
- Revenue
- $242.2m
- Investments
- $47.5m
- Employees
- 1,909
- Location
- Nashua, NH
- Founding
- 03/1946
- Data as of
- 12/2019
- EIN
- 02-0222215
Organization Overview
St Joseph Hospital Of Nashua Nh is located in Nashua, NH. The organization was established in 1946. 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 12/2019, St Joseph Hospital Of Nashua NH employed 1,909 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 12/2019, St Joseph Hospital Of Nashua NH generated $242.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $235.8m during the year ending 12/2019. While expenses have increased by 6.3% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE SERVICES TO ANYONE NEEDING CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT MEDICAL, SURGICAL AND REHABILITATIVE SERVICES TO ANYONE NEEDING CARE IN THE GREATER NASHUA AREA.
OUTPATIENT SERVICES INCLUDING SURGERY, RADIOLOGY, LABORATORY, REHABILITATIVE, CARDIOVASCULAR, BREAST HEALTH, CARDIAC REHAB, AND MENTAL HEALTH TO ANYONE NEEDING SERVICES IN THE GREATER NASHUA AREA.
EACH YEAR ST. JOSEPH HOSPITAL PROVIDES MILLIONS OF DOLLARS WORTH OF CHARITY CARE AND COMMUNITY SERVICES REFLECTING OUR HEALING MISSION AND OUR VALUES. ST. JOSEPH HOSPITAL FOLLOWS THE METHODOLOGY RECOMMENDED BY THE CATHOLIC HEALTH ASSOCATION FOR CALCULATING THE COST OF CHARITY CARE AND COMMUNITY BENEFITS. COMMUNITY BENEFIT REPORT FOR 2017 IS THE BASIS FOR THE EXPENSES ASSOCIATED WITH THESE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Tom Physician | 40 | $735,243 | |
Prasanna Gulur Physician | 40 | $680,071 | |
Srikant Muddana Physician | 40 | $558,462 | |
Young Hwa Lee Physician | 40 | $546,736 | |
Michael Remar Physician | 40 | $486,239 | |
Andrea Erickson VP Patient Care Services | Officer | 40 | $228,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Granite State Anesthesiologists Physician Services | 12/30/19 | $806,486 |
The Roi Companies Third Park Collection | 12/30/19 | $1,008,125 |
Hospital Medicine Associates Llc Physician Services | 12/30/19 | $2,047,883 |
Workgroup Technology Partners It Consultants | 12/30/19 | $868,690 |
Comphealth Associates Inc Physician Services | 12/30/19 | $1,581,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,279 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,099 |
| Noncash contributions included in lines 1a–1f | $8,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,378 |
| Total Program Service Revenue | $230,267,456 |
| Investment income | $5,285,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$72,553 |
| Net Gain/Loss on Asset Sales | $6,179,014 |
| Net Income from Fundraising Events | $15,411 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,203,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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. | $461,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,587,717 |
| Pension plan accruals and contributions | $2,997,774 |
| Other employee benefits | $11,366,920 |
| Payroll taxes | $6,175,767 |
| Fees for services: Management | $455,649 |
| Fees for services: Legal | $10,316 |
| Fees for services: Accounting | $131,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,443,508 |
| Advertising and promotion | $32,565 |
| Office expenses | $2,862,385 |
| Information technology | $938,191 |
| Royalties | $0 |
| Occupancy | $4,738,453 |
| Travel | $149,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,575 |
| Interest | $2,780,135 |
| Payments to affiliates | $27,469,182 |
| Depreciation, depletion, and amortization | $7,580,748 |
| Insurance | $4,560,012 |
| All other expenses | $3,592,822 |
| Total functional expenses | $235,837,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,784,987 |
| Savings and temporary cash investments | $25,276,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,685,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,204,278 |
| Inventories for sale or use | $1,453,670 |
| Prepaid expenses and deferred charges | $998,274 |
| Net Land, buildings, and equipment | $57,151,115 |
| Investments—publicly traded securities | $71,277,915 |
| Investments—other securities | $47,511,238 |
| Investments—program-related | $15,226,076 |
| Intangible assets | $0 |
| Other assets | $16,165,033 |
| Total assets | $273,734,500 |
| Accounts payable and accrued expenses | $28,046,093 |
| Grants payable | $0 |
| Deferred revenue | $45,021 |
| Tax-exempt bond liabilities | $86,976,690 |
| 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 | $19,839,385 |
| Total liabilities | $134,907,189 |
| Net assets without donor restrictions | $136,726,651 |
| Net assets with donor restrictions | $2,100,660 |
| 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 | $273,734,500 |
Grants Awarded
Over the last fiscal year, St Joseph Hospital Of Nashua Nh has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Nashua, NH PURPOSE: Prescription Assistance | $25,000 |
Nashua, NH PURPOSE: Continued Support of Mother and Children in need | $5,000 |
Merrimack, NH PURPOSE: Meals on Wheels Assistance | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Joseph Hospital Of Nashua Nh has recieved totaling $31,500.
| Awarding Organization | Amount |
|---|---|
Mary Hitchcock Memorial Hospital Lebanon, NH PURPOSE: Program Support | $17,500 |
Dartmouth-Hitchcock Clinic Lebanon, NH PURPOSE: Program Support | $7,500 |
United Way Of Greater Nashua Inc Nashua, NH PURPOSE: PROGRAM SERVICES AND DONOR DESIGNATIONS | $6,500 |
Endowment Analysis
| Beg. Balance | $1,784,834 |
| Earnings | $137,394 |
| Net Contributions | $301,225 |
| Other Expense | $122,793 |
| Ending Balance | $2,100,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $257,027,660 | $1,088,662,930 |
South Shore Hospital Inc South Weymouth, MA | $833,708,503 | $747,772,833 |
Concord Hospital Inc Concord, NH | $697,377,820 | $555,720,109 |
Berkshire Medical Center Inc Pittsfield, MA | $619,722,842 | $547,998,360 |
The Lowell General Hospital Lowell, MA | $603,322,132 | $492,829,849 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $588,879,146 | $503,607,421 |
Catholic Medical Center Manchester, NH | $530,592,222 | $459,237,683 |
Central Maine Medical Center Lewiston, ME | $300,463,191 | $396,713,032 |
Northeast Hospital Corporation Beverly, MA | $457,646,684 | $392,135,115 |
Mount Auburn Hospital Cambridge, MA | $441,503,907 | $349,647,545 |
Brockton Hospital Inc Brockton, MA | $258,092,500 | $299,172,614 |
Rutland Hospital Inc Rutland, VT | $292,231,354 | $288,038,302 |