Concord Hospital - Laconia
- Assets
- $50.4m
- Revenue
- $53.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- Data as of
- 09/2021
- EIN
- 85-1443782
Organization Overview
Concord Hospital - Laconia is located in Concord, NH. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord Hospital - Laconia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITAL
Describe the Organization's Program Activity:
VARIOUS HOSPITAL SERVICES; SEE SCHEDULE H.IN FYE 2021, CH-L INVESTED MORE THAN $8 MILLION FOR COMMUNITY BENEFIT PROGRAMS, SERVICES, AND OTHER EXPENSES. THE LARGEST AREAS OF SUPPORT WERE CHARITABLE CARE SERVICES AND SUBSIDIZED PROGRAMS AND SERVICES. OUR INVESTMENT ENHANCES THE HOSPITAL'S ABILITY TO PROVIDE QUALITY PATIENT CARE, RESPOND TO IDENTIFIED COMMUNITY HEALTH NEEDS AND ADDRESS THE HOSPITAL'S CHARITABLE MISSION OVERALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manisha Patel DDS Vice Chair | OfficerTrustee | 1 | $0 |
William Chapman ESQ Secretary | OfficerTrustee | 1 | $0 |
Philip Emma Chair | OfficerTrustee | 1 | $0 |
Robert Steigmeyer President & Ceo; Ex-Officio | OfficerTrustee | 1 | $0 |
Scott Sloane Treasurer | Officer | 1 | $0 |
Matthew Gibb Chief Clinical Officer | Officer | 1 | $0 |
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 | $323,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,359 |
| Total Program Service Revenue | $52,789,567 |
| Investment income | $29,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,131 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,154,882 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,251,937 |
| Pension plan accruals and contributions | $627,999 |
| Other employee benefits | $4,357,665 |
| Payroll taxes | $1,958,244 |
| Fees for services: Management | $2,910 |
| Fees for services: Legal | $37,164 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,585,256 |
| Advertising and promotion | $6,572 |
| Office expenses | $577,992 |
| Information technology | $283,588 |
| Royalties | $0 |
| Occupancy | $1,986,095 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,253 |
| Interest | $578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,575,718 |
| Insurance | $543,573 |
| All other expenses | $410,114 |
| Total functional expenses | $60,696,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,721 |
| Savings and temporary cash investments | $8,093,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,090,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,446,512 |
| Prepaid expenses and deferred charges | $1,841,177 |
| Net Land, buildings, and equipment | $14,727,074 |
| Investments—publicly traded securities | $2,285,234 |
| Investments—other securities | $0 |
| Investments—program-related | $1,733,333 |
| Intangible assets | $0 |
| Other assets | $3,189,596 |
| Total assets | $50,420,745 |
| Accounts payable and accrued expenses | $9,592,627 |
| Grants payable | $0 |
| Deferred revenue | $99,920 |
| 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 | $0 |
| Other liabilities | $6,377,153 |
| Total liabilities | $16,069,700 |
| Net assets without donor restrictions | $31,794,037 |
| Net assets with donor restrictions | $2,557,008 |
| 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 | $50,420,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Concord Hospital - Laconia has recieved totaling $15,224.
| Awarding Organization | Amount |
|---|---|
Frank E Busiel Tr Uw - Jjm Pittsburgh, PA PURPOSE: GENERAL OPERATING | $15,224 |
Endowment Analysis
| Net Contributions | $1,967,767 |
| Ending Balance | $1,967,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerville Hospital Malden, MA | $0 | $117,584,400 |
Riverside Community Care Inc Dedham, MA | $58,699,955 | $95,150,404 |
Inland Hospital Waterville, ME | $36,158,496 | $73,359,416 |
Northern Maine Medical Center Fort Kent, ME | $77,654,286 | $71,628,259 |
Concord Hospital - Laconia Concord, NH | $50,420,745 | $53,154,882 |
Acadia Hospital Corp Brewer, ME | $44,827,005 | $62,873,016 |
Mrh Corp Brewer, ME | $37,605,393 | $60,251,570 |
Gifford Medical Center Inc Randolph, VT | $106,034,169 | $58,940,770 |
Sebasticook Valley Health Pittsfield, ME | $62,811,701 | $56,748,491 |
Dimock Community Foundation Inc Group Return Roxbury, MA | $54,875,455 | $46,609,150 |
Community Health Connections Inc Fitchburg, MA | $38,406,305 | $38,479,971 |
Pines Health Services Caribou, ME | $7,660,342 | $25,489,346 |