Weeks Medical Center
- Assets
- $71.6m
- Revenue
- $86.9m
- Investments
- $0.0
- Employees
- 433
- Location
- Lancaster, NH
- Founding
- 12/1946
- Data as of
- 09/2023
- EIN
- 02-0222242
Organization Overview
Weeks Medical Center is located in Lancaster, 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 09/2023, Weeks Medical Center employed 433 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weeks Medical Center 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 09/2023, Weeks Medical Center generated $86.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $88.1m during the year ending 09/2023. While expenses have increased by 9.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY AND EFFICIENT HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES TO INDIVIDUALS IN THE SURROUNDING REGION ON AN INPATIENT & OUTPATIENT BASIS, WHICH INCLUDES HOSPITAL SERVICES AS WELL AS PHYSICIAN OFFICE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morgan MD Cmo | Trustee | 40 | $595,264 |
Amber Schmidt Medical Staff President | OfficerTrustee | 40 | $275,066 |
William Everleth Director | Trustee | 1 | $0 |
Keith Young Chair | OfficerTrustee | 1 | $0 |
Dennis Couture Vice Chair | OfficerTrustee | 1 | $0 |
Ruby Berryman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fastaff Contract Labor | 9/29/23 | $1,170,956 |
North Country Healthcare Management Services | 9/29/23 | $974,140 |
Medical Solutions Contract Labor | 9/29/23 | $801,557 |
American Healthcare Staffing Association Contract Labor | 9/29/23 | $763,162 |
Androscoggin Valley Hospital Management Services | 9/29/23 | $620,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $657,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,141 |
| Total Program Service Revenue | $84,639,662 |
| Investment income | $296,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $561,315 |
| Net Gain/Loss on Asset Sales | -$47,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,911,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $318,227 |
| 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. | $1,247,672 |
| Compensation of current officers, directors, key employees. | $367,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,679,390 |
| Pension plan accruals and contributions | $448,778 |
| Other employee benefits | $5,908,927 |
| Payroll taxes | $1,890,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,041 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $10,194 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,114 |
| Fees for services: Other | $10,709,599 |
| Advertising and promotion | $641,887 |
| Office expenses | $218,787 |
| Information technology | $3,384,594 |
| Royalties | $0 |
| Occupancy | $2,285,280 |
| Travel | $147,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,345 |
| Interest | $412,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,979,616 |
| Insurance | $1,087,150 |
| All other expenses | $4,505,238 |
| Total functional expenses | $88,104,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,398 |
| Savings and temporary cash investments | $10,636,374 |
| Pledges and grants receivable | $946,771 |
| Accounts receivable, net | $8,735,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,534,913 |
| Inventories for sale or use | $1,759,746 |
| Prepaid expenses and deferred charges | $1,145,301 |
| Net Land, buildings, and equipment | $23,217,180 |
| Investments—publicly traded securities | $13,021,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,484,065 |
| Total assets | $71,649,472 |
| Accounts payable and accrued expenses | $8,732,601 |
| Grants payable | $0 |
| Deferred revenue | $32,561 |
| Tax-exempt bond liabilities | $4,840,504 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,321,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,794,888 |
| Total liabilities | $22,721,834 |
| Net assets without donor restrictions | $47,512,984 |
| Net assets with donor restrictions | $1,414,654 |
| 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 | $71,649,472 |
Grants Awarded
Over the last fiscal year, Weeks Medical Center has awarded $219,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR HEALTHY COMMUNITIES PURPOSE: Substance Abuse prevention, treatment & recovery. | $179,365 |
THE BOWLER-BARTLETT FOUNDATION PURPOSE: Mobile Medical Unit | $40,000 |