Catholic Medical Center
- Assets
- $530.6m
- Revenue
- $459.2m
- Investments
- $50.9m
- Employees
- 3,368
- Location
- Manchester, NH
- Founding
- 03/1946
- Data as of
- 09/2020
- EIN
- 02-0315693
Organization Overview
Catholic Medical Center is located in Manchester, 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 09/2020, Catholic Medical Center employed 3,368 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 09/2020, Catholic Medical Center generated $459.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $441.2m during the year ending 09/2020. While expenses have increased by 4.3% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HEART OF CATHOLIC MEDICAL CENTER IS TO CARRY OUT CHRIST'S HEALING MINISTRY BY OFFERING HEALTH, HEALING, AND HOPE TO EVERY INDIVIDUAL WHO SEEKS OUR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AND SURGICAL SERVICES PROVIDED TO 11,194 INPATIENTS AND 410,000 OUTPATIENTS DURING THE YEAR.
VARIOUS OTHER SERVICES. PLEASE SEE SCHEDULE H.CATHOLIC MEDICAL CENTER (CMC), AS AN AGENCY OF THE ROMAN CATHOLIC CHURCH, SHALL PROVIDE HEALTH CARE IN A MANNER CONSISTENT WITH THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES AS INTERPRETED BY THE ROMAN CATHOLIC BISHOP OF MANCHESTER. CMC SHALL EMPLOY THE HIGHEST QUALITY HEALTH CARE PROFESSIONALS AND THE MOST APPROPRIATE TECHNOLOGY TO DELIVER AN ARRAY OF SERVICES EITHER DIRECTLY OR THROUGH STRATEGIC ALLIANCES WITH COMPATIBLE HEALTH CARE PROVIDERS. WITH DIGNITY AND COMPASSION, CMC SHALL TREAT THE BODY, MIND, AND SPIRIT OF ALL WHO SEEK OR PROVIDE CARE AND COMFORT. ADDITIONAL DETAILS PROVIDED IN SCHEDULE H.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pepe MD President & CEO | OfficerTrustee | 42.2 | $866,957 |
Alexander Walker Jr ESQ Executive VP & COO | Officer | 40.1 | $537,215 |
Edward Dudley III Executive VP & CFO | Officer | 40.2 | $508,525 |
William Goodman Vp, Medical Affairs/cmo | Officer | 40 | $445,637 |
Keith Stahl Associate Chief Medical Officer | 40 | $332,619 | |
Ivan Ip Chief Medical Information Officer | 40 | $322,838 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvey Construction Corp Construction And Renovations | 9/29/20 | $5,281,526 |
Dartmouth Hitchcock Clinic Medical Services | 9/29/20 | $27,313,762 |
Imethods Llc Healthcare It Solutions | 9/29/20 | $2,482,213 |
Xtend Healthcare Llc Billing And Revenue Management | 9/29/20 | $1,103,373 |
Anesthesia Care Group Pc Medical Services | 9/29/20 | $1,628,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $174,875 |
| Related organizations | $7,500 |
| Government grants | $18,705,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,342,193 |
| Noncash contributions included in lines 1a–1f | $10,080,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,230,311 |
| Total Program Service Revenue | $417,005,470 |
| Investment income | $3,688,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,475 |
| Net Income from Fundraising Events | -$59,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $74,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,237,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,308 |
| Grants and other assistance to domestic individuals. | $77,164 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,553,621 |
| Compensation of current officers, directors, key employees. | $701,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,892,166 |
| Pension plan accruals and contributions | $4,722,971 |
| Other employee benefits | $22,020,187 |
| Payroll taxes | $12,882,020 |
| Fees for services: Management | $514,407 |
| Fees for services: Legal | $428,832 |
| Fees for services: Accounting | $142,650 |
| Fees for services: Lobbying | $60,050 |
| Fees for services: Fundraising | $90,119 |
| Fees for services: Investment Management | $154,266 |
| Fees for services: Other | $18,566,594 |
| Advertising and promotion | $1,253,562 |
| Office expenses | $5,937,710 |
| Information technology | $8,189,689 |
| Royalties | $0 |
| Occupancy | $16,498,173 |
| Travel | $1,001,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507,866 |
| Interest | $4,030,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,065,079 |
| Insurance | $2,819,030 |
| All other expenses | $3,625,623 |
| Total functional expenses | $441,173,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,987,899 |
| Savings and temporary cash investments | $30,902,145 |
| Pledges and grants receivable | $7,028,642 |
| Accounts receivable, net | $70,177,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,836,875 |
| Prepaid expenses and deferred charges | $5,226,465 |
| Net Land, buildings, and equipment | $124,241,261 |
| Investments—publicly traded securities | $82,207,736 |
| Investments—other securities | $50,862,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,121,094 |
| Total assets | $530,592,222 |
| Accounts payable and accrued expenses | $89,591,946 |
| Grants payable | $0 |
| Deferred revenue | $1,065,325 |
| Tax-exempt bond liabilities | $110,427,602 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,059,909 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $235,068,213 |
| Total liabilities | $482,212,995 |
| Net assets without donor restrictions | $21,383,269 |
| Net assets with donor restrictions | $26,995,958 |
| 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 | $530,592,222 |
Grants Awarded
Over the last fiscal year, Catholic Medical Center has awarded $544,308 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH PURPOSE: NH Hospital Association, NH Medicaid Expansion, Drug and Alcohol Abuse Prevention Initiatives | $361,173 |
NEW HAMPSHIRE DEPARTMENT OF HEALTH AND HUMAN SERVICES PURPOSE: Funding for the Governor's Commission on Alcohol and Other Drugs | $150,000 |
Manchester, NH PURPOSE: Funding and equipment for health care services and initiatives | $33,135 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Catholic Medical Center has recieved totaling $459,105.
| Awarding Organization | Amount |
|---|---|
Annie Rowell Intrvs Tr Bedford, NH PURPOSE: DAILY OPERATIONS | $441,605 |
Botnick Family Foundation Manchester, NH PURPOSE: GENERAL SUPPORT | $7,500 |
Getz Charitable Trust Dtd 050782 Johnston, RI PURPOSE: UNRESTRICTED GIFT | $5,000 |
Anthony And Gladys Sakowich Charitable Foundation Tilton, NH PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $11,244,891 |
| Earnings | $203,284 |
| Net Contributions | $16,173,712 |
| Other Expense | $625,929 |
| Ending Balance | $26,995,958 |
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 |