Littleton Hospital Association
- Assets
- $118.2m
- Revenue
- $100.4m
- Investments
- $0.0
- Employees
- 634
- Location
- Littleton, NH
- Founding
- 05/1938
- Data as of
- 09/2020
- EIN
- 02-0222152
Organization Overview
Littleton Hospital Association, operating under the name Littleton Regional Healthcare, is located in Littleton, NH. The organization was established in 1938. 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 09/2021, Littleton Regional Healthcare employed 634 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Littleton Regional Healthcare 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 09/2020, Littleton Regional Healthcare generated $100.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $101.9m during the year ending 09/2020. While expenses have increased by 2.5% per year over the past 6 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
TO PROVIDE HEALTH CARE SERVICES IN NORTHERN NEW HAMPSHIRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLETON HOSPITAL ASSOCIATION PROVIDES HEALTH CARE SERVICES ON AN IN/OUTPATIENT BASIS TO THE GENERAL PUBLIC, INCLUDING CHARITY CARE, COMMUNITY EDUCATION, AND VARIOUS OTHER HEALTH PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Patrick Fitzpatrick Treasurer | OfficerTrustee | 40 | $717,046 |
Dr Dougald Macarthur Physician/former Trustee | 40 | $706,000 | |
Dr Eric Mullins Physician | 40 | $645,961 | |
Dr Anthony Salerni Physician | 30 | $625,051 | |
Dr Jeffrey Kauffman Physician | 40 | $588,390 | |
Dr Jean Langevin Physician | 40 | $565,545 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Alpine Clinic Pllc Professional Services Agreement | 9/29/21 | $3,010,199 |
Secured Network Services Professional Services Agreement | 9/29/21 | $1,296,155 |
Active Healthcare Receivables Llc A/r Collections | 9/29/21 | $691,316 |
Resolution Consulting Inc A/r Collections | 9/29/21 | $763,092 |
Hayes Locums Llc Locum | 9/29/21 | $725,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,899,404 |
| Investment income | $611,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $177,580 |
| Net Gain/Loss on Asset Sales | $1,914,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,362,959 |
| Statement of Expenses | |
|---|---|
| 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. | $3,751,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,071,830 |
| Pension plan accruals and contributions | $959,114 |
| Other employee benefits | $5,736,408 |
| Payroll taxes | $2,562,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $987,675 |
| Fees for services: Accounting | $78,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,778 |
| Fees for services: Other | $6,595,289 |
| Advertising and promotion | $443,440 |
| Office expenses | $6,646,243 |
| Information technology | $2,062,869 |
| Royalties | $0 |
| Occupancy | $4,898,468 |
| Travel | $148,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,637 |
| Interest | $861,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,456,351 |
| Insurance | $1,258,518 |
| All other expenses | $0 |
| Total functional expenses | $101,936,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,472 |
| Savings and temporary cash investments | $20,601,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,780,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,066,069 |
| Prepaid expenses and deferred charges | $2,314,253 |
| Investments—publicly traded securities | $42,269,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,859,546 |
| Total assets | $118,195,564 |
| Accounts payable and accrued expenses | $11,695,785 |
| Grants payable | $0 |
| Deferred revenue | $862,868 |
| Tax-exempt bond liabilities | $21,919,698 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,373,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,691,686 |
| Total liabilities | $67,543,076 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $50,652,488 |
Grants Awarded
Over the last fiscal year, Littleton Hospital Association has awarded $344,806 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH PURPOSE: Support Medicaid Expansion and Drug & Alcohol Commission. | $237,655 |
Concord, NH PURPOSE: Mobile Van Project | $50,000 |
Plymouth, NH PURPOSE: Childcare Facility | $50,000 |
Littleton, NH PURPOSE: Up to Date clinical database | $7,151 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Littleton Hospital Association has recieved totaling $46,417.
| Awarding Organization | Amount |
|---|---|
Foundation For Healthy Communities Concord, NH PURPOSE: Pass-through COVID-19 grant funds from Assistant Secretary for Preparedness and Response. | $40,917 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $5,500 |
Endowment Analysis
| Beg. Balance | $2,432,225 |
| Earnings | $403,922 |
| Net Contributions | $29,896 |
| Other Expense | $108,219 |
| Ending Balance | $2,757,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Concord Hospital Inc Concord, NH | $790,822,441 | $622,809,517 |
Berkshire Medical Center Inc Pittsfield, MA | $782,927,301 | $631,822,397 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $676,110,969 | $594,778,887 |
The Lowell General Hospital Lowell, MA | $603,322,132 | $492,829,849 |
Catholic Medical Center Manchester, NH | $518,751,919 | $548,724,237 |
Central Maine Medical Center Lewiston, ME | $261,602,490 | $415,757,957 |
Northeast Hospital Corporation Beverly, MA | $567,670,947 | $423,580,610 |
Lawrence General Hospital Lawrence, MA | $303,928,617 | $317,528,046 |
Mount Auburn Hospital Cambridge, MA | $474,641,703 | $335,853,854 |
Beth Israel Deaconess Hospital Plymouth Inc Plymouth, MA | $277,727,725 | $326,450,777 |