The New London Hospital Association Inc
- Assets
- $114.1m
- Revenue
- $67.1m
- Investments
- $19.8m
- Employees
- 591
- Location
- New London, NH
- Founding
- 11/1954
- Data as of
- 06/2021
- EIN
- 02-0222171
Organization Overview
The New London Hospital Association Inc is located in New London, NH. The organization was established in 1954. 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 06/2022, New London Hospital Association Inc employed 591 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New London Hospital Association 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 06/2021, New London Hospital Association Inc generated $67.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $72.0m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUALLY IMPROVE THE WELLBEING OF INDIVIDUALS IN OUR REGION BY PROVIDING HIGH-QUALITY HEALTHCARE TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LONDON HOSPITAL ASSOCIATION, INC. (NLHA) IS THE PRINCIPAL PROVIDER OF PRIMARY AND SECONDARY HEALTH CARE FOR 15 TOWNS IN SULLIVAN AND MERRIMACK COUNTIES IN NEW HAMPSHIRE. THE HOSPITAL PROVIDES ACUTE AND PRIMARY HEALTH CARE - FROM EMERGENCY SERVICES TO FAMILY MEDICAL PRACTICE TO SURGICAL CARE AND ESSENTIAL WELLNESS AND PREVENTION SERVICES FOR THE 33,000 RESIDENTS IN ITS SERVICE AREA, A SIGNIFICANT PORTION OF WHOM ARE UNINSURED, UNDER-INSURED, AND/OR DEPENDENT ON MEDICAID/MEDICARE BENEFITS. THIS INCLUDES A LARGELY ELDERLY POPULATION AND A SIGNIFICANT NUMBER OF RURAL, LOW-INCOME FAMILIES. NLHA EMPLOYED 76 PROVIDERS IN 2022, OF WHICH 21 WERE PRIMARY CARE, 3 WERE PEDIATRICS, AND 52 WERE SPECIALTY PROVIDERS COVERING GENERAL SURGERY, ANESTHESIOLOGY, CARDIOLOGY, NEUROLOGY, EMERGENCY MEDICINE, HOSPITALISTS, GYNECOLOGY, OPHTHALMOLOGY, AND RHEUMATOLOGY. DURING FY 22, NLHA HAD A TOTAL OF 1882 PATIENT DISCHARGES CONSISTING OF 6859 PATIENT DAYS AND ATTENDED TO 7860 EMERGENCY ROOM VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/medical Staff President | OfficerTrustee | 40 | $258,444 |
Name Not Listed Trustee/chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/ Vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/president/ceo | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mary Hitchcock Memorial Hospital Healthcare Staffing | 6/29/22 | $4,459,983 |
Dartmouth-hitchcock Clinic Healthcare Staffing | 6/29/22 | $1,911,421 |
American Healthcare Staffing Assn Inc Healthcare Staffing | 6/29/22 | $1,384,510 |
H P Cummings Construction Company Construction Services | 6/29/22 | $1,062,388 |
Avant Healthcare Professionals Llc Healthcare Staffing | 6/29/22 | $621,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,509 |
| Investment income | $351,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,637 |
| Net Gain/Loss on Asset Sales | $2,900 |
| Net Income from Fundraising Events | -$1,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,135,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $29,238 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,045,252 |
| Compensation to disqualified persons | $562,866 |
| Other salaries and wages | $30,762,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,424,636 |
| Payroll taxes | $1,949,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198,005 |
| Fees for services: Accounting | $62,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,851,504 |
| Advertising and promotion | $80,754 |
| Office expenses | $1,223,575 |
| Information technology | $1,456,783 |
| Royalties | $0 |
| Occupancy | $1,542,908 |
| Travel | $28,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,077,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,363,900 |
| Insurance | $549,972 |
| All other expenses | $0 |
| Total functional expenses | $71,974,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,050,217 |
| Savings and temporary cash investments | $15,764,216 |
| Pledges and grants receivable | $14,154 |
| Accounts receivable, net | $9,633,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $977,954 |
| Prepaid expenses and deferred charges | $1,110,180 |
| Investments—publicly traded securities | $9,557 |
| Investments—other securities | $19,822,254 |
| Investments—program-related | $0 |
| Intangible assets | $2,244,000 |
| Other assets | $6,291,659 |
| Total assets | $114,149,276 |
| Accounts payable and accrued expenses | $9,917,332 |
| Grants payable | $0 |
| Deferred revenue | $251,935 |
| 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 | $146,526 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,798,720 |
| Total liabilities | $69,114,513 |
| 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 | $45,034,763 |