Valley Regional Hospital Inc

Organization Overview

Valley Regional Hospital Inc is located in Claremont, NH. The organization was established in 1957. 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, Valley Regional Hospital Inc employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Regional Hospital 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 Hospital Inc generated $65.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $62.1m during the year ending 09/2023. While expenses have increased by 5.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CRITICAL ACCESS HOSPITAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALLEY REGIONAL HOSPITAL IS A PROVIDER OF HEALTH SERVICES WITH FACILITIES IN THE CLAREMONT, NH AREA. THE HOSPITAL GRANTS CREDIT TO PATIENTS, SUBSTANTIALLY ALL OF WHOM ARE LOCAL RESIDENTS.THE HOSPITAL ALSO PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS FINANCIAL ASSISTANCE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS FINANCIALLY-ASSISTED CARE.THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF FINANCIALLY-ASSISTED CARE IT PROVIDES. FOR THE YEAR ENDING SEPTEMBER 30, 2023 CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE CHARITY CARE POLICY WERE APPROXIMATELY $511,000. THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES WAS APPROXIMATELY $318,000.IN ADDITION, THE HOSPITAL PROVIDES A NUMBER OF OTHER SERVICES TO BENEFIT CERTAIN POOR AND ELDERLY PATIENTS. MEDICAID AND STATE PROGRAMS DO NOT COVER THE FULL COST OF THE HOSPITAL INCURRED COST OF PROVIDINGMEDICAL CARE TO PATIENTS. THE HOSPITAL PROVIDES SERVICES TO RESIDENTS THROUGHOUT THE REGION. THOSE SERVICES INCLUDE HEALTH EVALUATIONS, SCREENINGS, AND FLU VACCINE ADMINISTRATION AT COMMUNITY EVENTS AND IN THE WORKPLACE. HEALTH EDUCATION, WELLNESS, CHRONIC DISEASE MANAGEMENT, FITNESS, AND ERGONOMIC PROGRAMS ARE ALSO WIDELY OFFERED. FOR THESE SERVICES, AND MANY OTHER COMMUNITY SERVICES, THE HOSPITAL RECEIVES LITTLE OR NO PAYMENT.OTHER COMMUNITY BENEFITS CAN'T BE QUANTIFIED OR ASSIGNED A VALUE. FOR EXAMPLE, THE HOSPITAL PROVIDES COMMITTEE AND BOARD PARTICIPANTS AND EXPERTISE TO ADDRESS COMMUNITY NEEDS; TO SUPPORT COMMUNITY HEALTH INITIATIVES; TO ADVOCATE FOR AND SUPPORT INDIVIDUALS WHO ARE SOCIALLY, ECONOMICALLY AND PHYSICALLY CHALLENGED; AND TO COLLABORATE WITH THE LOCAL PUBLIC SAFETY ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Patricia Putnam
Chair
$0
Terri Decker
Vice Chair
$0
Lisa Richmond
Treasurer
$0
Bryan Huot
Secretary
$0
James Borchert
Trustee
$0
Scott Bouranis
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dartmouth Hitchcock Clinic
Medical Services
$1,681,020
American Healthcare Services Association
Contracted Staffing
$3,436,491
Triage Llc
Contracted Staffing
$747,494
Em Staff
Contracted Staffing
$417,342
Amnesia Anesthesia
Medical Services
$387,832
View All Vendors

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$481,992
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$481,992
Total Program Service Revenue$63,971,940
Investment income $1,035,580
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,727
Net Gain/Loss on Asset Sales -$71,439
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $65,431,800

Peer Organizations

Organization NameAssets
Northeastern Vermont Regional Hospital Inc
St Johnsbury, VT
$122,405,630
Baystate Franklin Medical Center
Greenfield, MA
$112,261,715
Littleton Hospital Association
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$119,823,447
Brattleboro Memorial Hospital
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$111,598,634
Porter Hospital Inc Hcsr
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$120,347,555
Baystate Wing Hospital Corporation
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$106,293,114
Monadnock Community Hospital
Peterborough, NH
$114,350,269
Memorial Hospital
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$113,533,022
Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos
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$108,339,833
North Country Hospital & Health Center,inc
Newport, VT
$95,463,619
Copley Hospital Inc
Morrisville, VT
$98,450,070
Huggins Hospital
Wolfeboro, NH
$104,448,903
Mount Desert Island Hospital
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$85,474,752
Weeks Medical Center
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$86,911,429
Androscoggin Valley Hospital Inc
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$96,725,114
Fairview Hospital
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$101,772,969
Alice Peck Day Memorial Hospital
Lebanon, NH
$84,355,521
Speare Memorial Hospital
Plymouth, NH
$79,329,039
The New London Hospital Association Inc
New London, NH
$67,135,747
Baystate Noble Hospital Corporation
Westfield, MA
$68,736,479
Windsor Hospital Corporation
Windsor, VT
$71,808,034
Catholic Medical Center Physicians Practice Associates
Manchester, NH
$19,907,001
Mid Coast Hospital
Brunswick, ME
$59,625,535
Valley Regional Hospital Inc
Claremont, NH
$65,431,800
Springfield Hospital Inc
Springfield, VT
$59,821,130

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