Valley Regional Healthcare Inc
- Assets
- $11.7m
- Revenue
- $2.5m
- Investments
- $13.0k
- Employees
- 3
- Location
- Claremont, NH
- Founding
- 08/1987
- Data as of
- 09/2023
- EIN
- 02-0397338
Organization Overview
Valley Regional Healthcare Inc is located in Claremont, NH. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Valley Regional Healthcare Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Regional Healthcare Inc 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, Valley Regional Healthcare Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $3.0m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. 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
PARENT ORGANIZATION TO VALLEY REGIONAL HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY REGIONAL HEALTHCARE IS THE PARENT ORGANIZATION FOR VALLEY REGIONAL HOSPITAL. IN THIS ROLE, VALLEY REGIONAL HEALTHCARE PROVIDES INTEGRATED MANAGEMENT AND SUPPORT SERVICES FOR THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Putnam Chair | OfficerTrustee | 0.1 | $0 |
Terri Decker Vice Chair | OfficerTrustee | 0.1 | $0 |
Lisa Richmond Treasurer | OfficerTrustee | 0.1 | $0 |
Bryan Huot Secretary | OfficerTrustee | 0.1 | $0 |
James Borchert Trustee | Trustee | 0.1 | $0 |
Scott Bouranis Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dartmouth Hitchcock Clinic Ceo Contract Services | 9/29/16 | $311,997 |
Springfield Hospital Ent Services | 9/29/16 | $143,533 |
Karen Baranowski Home Health Management | 9/29/16 | $116,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,354,298 |
| Investment income | $103,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,450,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $641,317 |
| Compensation of current officers, directors, key employees. | $76,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,813 |
| Payroll taxes | $20,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,832 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,676 |
| Fees for services: Other | $225,550 |
| Advertising and promotion | $87,572 |
| Office expenses | $24,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,794 |
| Travel | $685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323 |
| Interest | $576,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,440 |
| Insurance | $48,679 |
| All other expenses | $0 |
| Total functional expenses | $3,003,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,105 |
| Savings and temporary cash investments | $1,174,655 |
| Pledges and grants receivable | $6,659 |
| Accounts receivable, net | $6,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,196 |
| Net Land, buildings, and equipment | $6,358,407 |
| Investments—publicly traded securities | $3,933,645 |
| Investments—other securities | $12,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,854 |
| Total assets | $11,734,963 |
| Accounts payable and accrued expenses | $122,424 |
| Grants payable | $0 |
| Deferred revenue | $117,058 |
| 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 | $17,265,051 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $584,182 |
| Total liabilities | $18,088,715 |
| Net assets without donor restrictions | -$6,353,828 |
| Net assets with donor restrictions | $76 |
| 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 | $11,734,963 |