Upper Connecticut Valley Hospital Association
- Assets
- $41.9m
- Revenue
- $37.3m
- Investments
- $0.0
- Employees
- 166
- Location
- Colebrook, NH
- Founding
- 07/1969
- Data as of
- 09/2023
- EIN
- 02-0276210
Organization Overview
Upper Connecticut Valley Hospital Association is located in Colebrook, NH. The organization was established in 1969. 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, Upper Connecticut Valley Hospital Association employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Connecticut Valley Hospital Association 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, Upper Connecticut Valley Hospital Association generated $37.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $31.4m during the year ending 09/2023. While expenses have increased by 8.8% 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
UPPER CONNECTICUT VALLEY HOSPITAL STRIVES TO IMPROVE THE WELL-BEING OF THE RURAL COMMUNITIES IT SERVES BY PROMOTING HEALTH AND ASSURING ACCESS TO QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPPER CONNECTICUT VALLEY HOSPITAL PROVIDED HOSPITAL CARE AND INPATIENT AND OUTPATIENT SERVICES ON A REGION-WIDE BASIS. THE NET CHARITY CARE PROVIDED BY THE HOSPITAL FOR THE YEAR-ENDED SEPTEMBER 30, 2023 WAS $294,184.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Laverty Pa-C Chief Medical Officer | Trustee | 40 | $337,261 |
Robert Dawson President Of Medical Staff | Trustee | 1 | $0 |
Lynn Brewer Chair | OfficerTrustee | 39 | $12,294 |
Morgan Wade Vice Chair | OfficerTrustee | 1 | $0 |
James Wells Treasurer | OfficerTrustee | 1 | $0 |
Eric Stohl Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Contract Labor | 9/29/23 | $795,325 |
Catholic Medical Center Contract Labor | 9/29/23 | $569,254 |
Androscoggin Valley Hospital Labor And Other Purchased Services | 9/29/23 | $426,347 |
Be Smith Llc Contract Labor | 9/29/23 | $389,326 |
North Country Healthcare Management Services | 9/29/23 | $370,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $457,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,868 |
| Total Program Service Revenue | $35,980,776 |
| Investment income | $53,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,477 |
| Net Gain/Loss on Asset Sales | $686,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,307,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249,399 |
| 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. | $684,059 |
| Compensation of current officers, directors, key employees. | $336,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,475,239 |
| Pension plan accruals and contributions | $146,757 |
| Other employee benefits | $2,098,114 |
| Payroll taxes | $683,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,283 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $5,612 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,370,328 |
| Advertising and promotion | $146,188 |
| Office expenses | $132,110 |
| Information technology | $1,365,840 |
| Royalties | $0 |
| Occupancy | $1,522,603 |
| Travel | $248,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,039 |
| Interest | $995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,046,607 |
| Insurance | $297,093 |
| All other expenses | $1,236,252 |
| Total functional expenses | $31,378,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835 |
| Savings and temporary cash investments | $2,119,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,322,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $269,311 |
| Prepaid expenses and deferred charges | $455,200 |
| Net Land, buildings, and equipment | $17,338,955 |
| Investments—publicly traded securities | $17,113,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,267,668 |
| Total assets | $41,887,833 |
| Accounts payable and accrued expenses | $4,592,707 |
| Grants payable | $0 |
| Deferred revenue | $71,927 |
| 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 | $292,329 |
| Other liabilities | $1,624,264 |
| Total liabilities | $6,581,227 |
| Net assets without donor restrictions | $34,985,711 |
| Net assets with donor restrictions | $320,895 |
| 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 | $41,887,833 |
Grants Awarded
Over the last fiscal year, Upper Connecticut Valley Hospital Association has awarded $120,644 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR HEALTHY COMMUNITIES PURPOSE: SUBSTANCE USE DISORDER AND COVID-19 VACCINATION PROJECT | $94,280 |
TRI-COUNTY CAP PURPOSE: NEMT GRANT - MOBILITY MANAGER | $26,364 |