Speare Memorial Hospital
- Assets
- $103.3m
- Revenue
- $78.3m
- Investments
- $5.0k
- Employees
- 535
- Location
- Plymouth, NH
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 02-0226774
Organization Overview
Speare Memorial Hospital is located in Plymouth, NH. The organization was established in 1942. 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 06/2021, Speare Memorial Hospital employed 535 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Speare Memorial Hospital 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 06/2021, Speare Memorial Hospital generated $78.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $67.2m during the year ending 06/2021. While expenses have increased by 3.8% 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.
Since 2017, Speare Memorial Hospital has awarded 30 individual grants totaling $1,293,089. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK TOGETHER TO SERVE THE NEEDS OF OUR PATIENTS AND COMMUNITY, AND A VISION OF A COMMUNITY WHERE ALL CAN ACHIEVE OPTIMAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMH IS A 25 BED ACUTE-CARE HOSPITAL THAT PROVIDES INPATIENT AND OUTPATIENT SERVICES TO THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Danosi MD Emergency Medicine Physician | 40 | $485,151 | |
Andrew Seefeld MD Director Of Emergency Medicine | 40 | $476,427 | |
Paul Musco MD Chief Of Surgery | 40 | $424,657 | |
Thomas Scott MD Emergency Medicine Physician | 40 | $406,398 | |
Robert Chastanet MD General Surgeon | 40 | $378,543 | |
Michelle Mcewen CEO | OfficerTrustee | 40 | $363,481 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asquam Community Health Collaborative It Services | 6/29/21 | $2,279,080 |
Plymouth Regional Rehab Services Rehab Management | 6/29/21 | $839,555 |
American Healthcare Staffing Association Contracted Clinical Staff | 6/29/21 | $793,121 |
Alliance Heathcare Services Inc Contracted Mri-nuclear Medicine | 6/29/21 | $588,988 |
Weatherby Locums Contracted Providers | 6/29/21 | $916,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,500 |
| Related organizations | $0 |
| Government grants | $7,092,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $801,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,926,033 |
| Total Program Service Revenue | $67,543,021 |
| Investment income | $735,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,193 |
| Net Gain/Loss on Asset Sales | $2,062,293 |
| Net Income from Fundraising Events | $1,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,325,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249,020 |
| 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. | $1,509,447 |
| Compensation of current officers, directors, key employees. | $1,223,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,915,497 |
| Pension plan accruals and contributions | $1,582,885 |
| Other employee benefits | $3,837,739 |
| Payroll taxes | $1,702,675 |
| Fees for services: Management | $52,605 |
| Fees for services: Legal | $49,882 |
| Fees for services: Accounting | $88,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,017 |
| Fees for services: Other | $11,416,041 |
| Advertising and promotion | $82,858 |
| Office expenses | $2,810,438 |
| Information technology | $1,461,927 |
| Royalties | $0 |
| Occupancy | $874,344 |
| Travel | $36,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,179 |
| Interest | $307,411 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,686,786 |
| Insurance | $965,017 |
| All other expenses | $368,402 |
| Total functional expenses | $67,247,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,747,332 |
| Savings and temporary cash investments | $17,399,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,862,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $346,293 |
| Inventories for sale or use | $1,234,739 |
| Prepaid expenses and deferred charges | $482,606 |
| Net Land, buildings, and equipment | $16,211,687 |
| Investments—publicly traded securities | $33,281,958 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $743,228 |
| Other assets | $4,983,701 |
| Total assets | $103,298,307 |
| Accounts payable and accrued expenses | $11,363,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,942,567 |
| 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 | $17,220,593 |
| Total liabilities | $41,526,924 |
| Net assets without donor restrictions | $61,098,726 |
| Net assets with donor restrictions | $672,657 |
| 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 | $103,298,307 |
Grants Awarded
Over the last fiscal year, Speare Memorial Hospital has awarded $217,024 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR HEALTHY COMMUNITIES PURPOSE: Support Medicaid Expansion and the Bureau on Alcohol & Drug Abuse Prevention | $168,700 |
Laconia, NH PURPOSE: Lakes Region Mental Health Center is the community leader providing quality, accessible and integrated mental and physical health services, delivered with dedication and compassion. | $13,824 |
TRANSPORT CENTRAL PURPOSE: To initiate and provide dispatched and coordinated volunteer driver services to our residents who need transportation. | $12,500 |
Plymouth, NH PURPOSE: Educate, engage and empower our schools and communities to prevent and reduce youth alcohol, tobacco, and other drug use and to promote healthy environments and promising futures. | $12,000 |
Lebanon, NH PURPOSE: To develop, strengthen, and provide programs and services that support the health, dignity and independence of older adults and adults with disabilities living in our communities. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Speare Memorial Hospital has recieved totaling $351,626.
| Awarding Organization | Amount |
|---|---|
Charles Foundation Inc Morristown, NJ PURPOSE: MEDICAL | $200,000 |
Edwin S Webster Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Tosa Foundation Portola Valley, CA PURPOSE: MEDICAL | $50,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: ANNUAL FUND | $10,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support and the Friend in Need Fund and cardiac stress testing system | $8,500 |
Demoulas Market Basket Foundation Chelmsford, MA PURPOSE: HOSPITAL & HEALTH ORGANIZATIONS | $3,500 |
Endowment Analysis
| Beg. Balance | $272,584 |
| Earnings | $7 |
| Ending Balance | $272,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Baystate Franklin Medical Center Greenfield, MA | $102,999,130 | $107,787,892 |
Mount Auburn Professional Services Inc Cambridge, MA | $33,630,533 | $75,904,953 |
Littleton Hospital Association Littleton, NH | $118,195,564 | $100,362,959 |
Northeastern Vermont Regional Hospital Inc St Johnsbury, VT | $96,071,092 | $104,789,628 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |