Cottage Hospital
- Assets
- $37.3m
- Revenue
- $41.5m
- Investments
- $205.5k
- Employees
- 395
- Location
- Woodsville, NH
- Founding
- 01/1972
- Data as of
- 09/2023
- EIN
- 02-0223321
Organization Overview
Cottage Hospital is located in Woodsville, NH. The organization was established in 1972. 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, Cottage Hospital employed 395 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottage 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 09/2023, Cottage Hospital generated $41.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $42.2m during the year ending 09/2023. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL CARE AND RELATED SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COTTAGE HOSPITAL PROVIDED HEALTH CARE TO APPROXIMATELY 609 INPATIENTS AND 27,317 OUTPATIENTS DURING THE FISCAL YEAR.
THE RAY OF HOPE GERIATRIC BEHAVIORAL HEALTH UNIT PROVIDES QUALITY CARE FOR THOSE STRUGGLING WITH A BEHAVIORAL HEALTH ISSUE. THIS INPATIENT PROGRAM IS FOR GERIATRIC PATIENTS 65 YEARS AND OLDER WITH PERSISTENT OR LATE ONSET BEHAVIORAL HEALTH ILLNESSES OR CONCERNS. SPECIALIZED CARE FOCUSES ON ASSESSMENT, TREATMENT, REHABILITATION, PREVENTION, FAMILY/COMMUNITY SUPPORT AND EDUCATION SURROUNDING BEHAVIORAL HEALTH.
THE ROWE HEALTH CENTER PROVIDES INTERNAL MEDICINE, BEHAVIORAL HEALTH, GENERAL SURGERY, PODIATRY, GASTROENTEROLOGY CARDIOLOGY AND ENDOCRINOLOGY SERVICES. WE ARE PROUD TO OFFER A TEAM-BASED APPROACH TO PROVIDE ALL OF OUR PATIENTS WITH ACCESSIBLE, CONVENIENT, HIGH QUALITY CARE. WITH EXTENDED HOURS AND SAME DAY ACUTE APPOINTMENTS AVAILABLE, MEETING THE NEEDS OF OUR PATIENTS IS OUR PRIORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Lawrence Chairperson | OfficerTrustee | 1 | $0 |
William Darcy Vice Chair | OfficerTrustee | 1 | $0 |
Prentis Pratt Secretary | OfficerTrustee | 1 | $0 |
Andrew Barter Trustee | Trustee | 1 | $0 |
Mark Harris Trustee | Trustee | 1 | $0 |
Thomas Page Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mission Search Corporation Recruiting Services | 9/29/23 | $539,725 |
Dartmouth Hitchcock Clinic Contracted Providers | 9/29/23 | $907,165 |
Athena Health Inc Emr Services | 9/29/23 | $531,591 |
Tru-staff Travel Nurses Llc Contracted Staff | 9/29/23 | $561,341 |
Staffdocs Contracted Staff | 9/29/23 | $474,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,887 |
| Related organizations | $0 |
| Government grants | $93,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,425 |
| Noncash contributions included in lines 1a–1f | $5,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,158 |
| Total Program Service Revenue | $40,509,265 |
| Investment income | $309,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,988 |
| Net Gain/Loss on Asset Sales | $308,072 |
| Net Income from Fundraising Events | -$5,392 |
| Net Income from Gaming Activities | $35,491 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,478,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $858,699 |
| Compensation of current officers, directors, key employees. | $484,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,604,721 |
| Pension plan accruals and contributions | $301,959 |
| Other employee benefits | $2,421,976 |
| Payroll taxes | $1,298,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,447 |
| Fees for services: Accounting | $129,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,574 |
| Fees for services: Other | $9,014,733 |
| Advertising and promotion | $0 |
| Office expenses | $89,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,133,406 |
| Travel | $19,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,935,594 |
| Insurance | $470,833 |
| All other expenses | $0 |
| Total functional expenses | $42,171,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,166 |
| Savings and temporary cash investments | $9,620,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,646,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $618,659 |
| Prepaid expenses and deferred charges | $237,795 |
| Net Land, buildings, and equipment | $12,051,832 |
| Investments—publicly traded securities | $8,110,366 |
| Investments—other securities | $205,547 |
| Investments—program-related | $0 |
| Intangible assets | $606,622 |
| Other assets | $370,795 |
| Total assets | $37,311,075 |
| Accounts payable and accrued expenses | $3,385,977 |
| Grants payable | $0 |
| Deferred revenue | $2,710 |
| Tax-exempt bond liabilities | $4,616,519 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,347,739 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,130,923 |
| Total liabilities | $19,483,868 |
| Net assets without donor restrictions | $16,334,999 |
| Net assets with donor restrictions | $1,492,208 |
| 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 | $37,311,075 |