Memorial Hospital

Organization Overview

Memorial Hospital is located in North Conway, NH. The organization was established in 1943. 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, Memorial Hospital employed 536 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Hospital 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 09/2021, Memorial Hospital generated $92.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $84.0m during the year ending 09/2021. While expenses have increased by 3.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CRITICAL ACCESS HOSPITAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMORIAL HOSPITAL PROVIDES HEALTHCARE SERVICES TO THE RESIDENTS AND VISITORS OF THE MOUNT WASHINGTON VALLEY AREA OF NEW HAMPSHIRE AND THE WESTERN REGION OF MAINE. MEMORIAL HOSPITAL IS A 25 BED CRITICAL ACCESS HOSPITAL. THE HOSPITAL PROVIDES ACUTE INPATIENT SERVICES INCLUDING GENERAL MEDICAL AND SURGICAL, OBSTETRICS AND INTENSIVE CARE UNITS. THE HOSPITAL HAD 4,035 ACUTE PATIENT DAYS IN 2021. THE HOSPITAL ALSO PROVIDES A VARIETY OF OUTPATIENT SERVICES SUCH AS IMAGING, LABORATORY, DIABETES, ONCOLOGY, PHYSICAL REHAB, EMERGENCY MEDICINE, PRIMARY CARE, ORTHOPEDICS AND GENERAL SURGERY. THE HOSPITAL HAD 48,654 OUTPATIENT VISITS AND 63,316 CLINIC VISITS IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Taylor MD
Orthopaedic Surgeon
$585,345
Christopher Fitzmorris
Physician
$510,760
Morice Dennery MD
Surgeon
$475,306
Matthew Dunn
Cmo
$422,512
Art Mathisen
President
$398,327
Marni Madnick MD
Physician
$365,703

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Baker Newman & Noyes
Audit & Assurance
$105,600
Insight Health Corp
Diagnostic Imaging
$529,557
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,071,022
All other contributions, gifts, grants, and similar amounts not included above$229,771
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,300,793
Total Program Service Revenue$89,351,551
Investment income $152,111
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $156,801
Net Gain/Loss on Asset Sales $302,951
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $92,264,207

Grants Awarded

Over the last fiscal year, Memorial Hospital has awarded $43,726 in support to 4 organizations.

Grant RecipientAmount

SACO RIVER MEDICAL GROUP PC

PURPOSE: The funding of a physician to support and provide medical assisted treatment services to an additional 60 - 80 patients with opioid dependence.

$14,417

SACO RIVER MEDICAL GROUP PC

PURPOSE: The funding of a physician to support and provide medical assisted treatment services to an additional 60 - 80 patients with opioid dependence.

$14,417

CHILDREN'S UNLIMITED INC

Org PageRecipient Profile

Conway, NH

PURPOSE: To provide weekly classes under the "Parenting from Prison" curriculum.

$7,446

CHILDREN'S UNLIMITED INC

Org PageRecipient Profile

Conway, NH

PURPOSE: To provide weekly classes under the "Parenting from Prison" curriculum.

$7,446
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Memorial Hospital has recieved totaling $53,170.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: GENERAL OPERATING SUPPORT

|

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$15,000
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: For desig. dist., COVID support

$13,165
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,648,048
Earnings$3,033,937
Ending Balance$31,681,985

Peer Organizations

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