Weeks Medical Center
- Assets
- $93.2m
- Revenue
- $69.3m
- Investments
- $0.0
- Employees
- 427
- Location
- Lancaster, NH
- Founding
- 12/1946
- Data as of
- 09/2021
- EIN
- 02-0222242
Organization Overview
Weeks Medical Center is located in Lancaster, NH. The organization was established in 1946. 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, Weeks Medical Center employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weeks Medical Center 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, Weeks Medical Center generated $69.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $63.5m during the year ending 09/2021. While expenses have increased by 6.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY AND EFFICIENT HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES TO INDIVIDUALS IN THE SURROUNDING REGION ON AN INPATIENT & OUTPATIENT BASIS, WHICH INCLUDES HOSPITAL SERVICES AS WELL AS PHYSICIAN OFFICE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morgan MD Cmo | OfficerTrustee | 37 | $517,744 |
Christopher Laurent Np Nurse Practicioner | 40 | $469,489 | |
Maude Oetking Physician | 40 | $434,191 | |
Paul Kamins MD Physician | 33 | $397,388 | |
John Ford MD Physician | 40 | $396,885 | |
Michael D Lee President/ceo | Officer | 39 | $317,741 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel Herbert Inc Construction Services | 9/29/21 | $615,059 |
Joseph R C Kiernan Surgical Services | 9/29/21 | $235,542 |
Beattie Enterprises Grounds Maintenance | 9/29/21 | $177,318 |
Ahsa Llc Temporary Staffing Agency | 9/29/21 | $579,282 |
New England Security Security Services | 9/29/21 | $348,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,818,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,578,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,397,277 |
| Total Program Service Revenue | $60,333,534 |
| Investment income | $1,251,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,251,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,825 |
| 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. | $1,485,594 |
| Compensation of current officers, directors, key employees. | $1,485,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,744,231 |
| Pension plan accruals and contributions | $423,521 |
| Other employee benefits | $3,861,855 |
| Payroll taxes | $1,651,123 |
| Fees for services: Management | $2,673,699 |
| Fees for services: Legal | $17,270 |
| Fees for services: Accounting | $39,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,154 |
| Fees for services: Other | $4,366,668 |
| Advertising and promotion | $211,981 |
| Office expenses | $336,581 |
| Information technology | $1,719,581 |
| Royalties | $0 |
| Occupancy | $1,603,389 |
| Travel | $90,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,178 |
| Interest | $314,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,930,996 |
| Insurance | $883,263 |
| All other expenses | $0 |
| Total functional expenses | $63,519,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,495,297 |
| Savings and temporary cash investments | $12,368,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,197,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,534,913 |
| Inventories for sale or use | $1,172,969 |
| Prepaid expenses and deferred charges | $1,297,110 |
| Net Land, buildings, and equipment | $20,411,477 |
| Investments—publicly traded securities | $28,444,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,925 |
| Total assets | $93,203,469 |
| Accounts payable and accrued expenses | $4,791,681 |
| Grants payable | $0 |
| Deferred revenue | $671,604 |
| Tax-exempt bond liabilities | $5,725,226 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,667,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,512,694 |
| Total liabilities | $40,368,933 |
| Net assets without donor restrictions | $51,395,830 |
| Net assets with donor restrictions | $1,438,706 |
| 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 | $93,203,469 |
Grants Awarded
Over the last fiscal year, Weeks Medical Center has awarded $163,825 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH PURPOSE: Substance abuse prevention, treatment, and recovery at State level. | $153,825 |
Whitefield, NH PURPOSE: Contribution for Mobile Medical Unit | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Weeks Medical Center has recieved totaling $1,101.
| Awarding Organization | Amount |
|---|---|
Hattie E Obrion Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,101 |
Endowment Analysis
| Beg. Balance | $1,012,784 |
| Earnings | $105,411 |
| Ending Balance | $1,118,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Baystate Franklin Medical Center Greenfield, MA | $102,999,130 | $107,787,892 |
Mount Auburn Professional Services Inc Cambridge, MA | $33,630,533 | $75,904,953 |
Littleton Hospital Association Littleton, NH | $118,195,564 | $100,362,959 |
Northeastern Vermont Regional Hospital Inc St Johnsbury, VT | $96,071,092 | $104,789,628 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |