Upper Connecticut Valley Hospital Association is located in Colebrook, NH. The organization was established in 1969. 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, Upper Connecticut Valley Hospital Association employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Connecticut Valley Hospital Association 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, Upper Connecticut Valley Hospital Association generated $27.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $22.2m during the year ending 09/2021. While expenses have increased by 5.6% 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
UPPER CONNECTICUT VALLEY HOSPITAL STRIVES TO IMPROVE THE WELL-BEING OF THE RURAL COMMUNITIES IT SERVES BY PROMOTING HEALTH AND ASSURING ACCESS TO QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPPER CONNECTICUT VALLEY HOSPITAL PROVIDED HOSPITAL CARE AND INPATIENT AND OUTPATIENT SERVICES ON A REGION-WIDE BASIS. THE NET CHARITY CARE PROVIDED BY THE HOSPITAL FOR THE YEAR-ENDED SEPTEMBER 30, 2021 WAS $389,855.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Cochran Physician | 40 | $351,338 | |
Edward Laverty Pa-C Chief Medical Officer | OfficerTrustee | 40 | $332,450 |
Stephen Kraunz Physician | 40 | $261,285 | |
Scott Colby President/ceo | Officer | 40 | $243,866 |
Arnold Albert Dnp | 40 | $198,325 | |
Robert Gooch Pharmacist | 40 | $168,397 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Androscoggin Valley Hospital Medical Staff Services | 9/29/21 | $1,817,121 |
Daniel Hebert Inc Construction | 9/29/21 | $3,320,401 |
North Country Healthcare Inc Administrative Services | 9/29/21 | $679,128 |
Medical Solutions Llc Temporary Staffing | 9/29/21 | $625,467 |
Weeks Medical Center Medical Staff Services | 9/29/21 | $674,334 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,133,892 |
All other contributions, gifts, grants, and similar amounts not included above | $48,614 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,182,506 |
Total Program Service Revenue | $22,463,460 |
Investment income | $336,988 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,343,040 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $27,325,994 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $95,909 |
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. | $814,930 |
Compensation of current officers, directors, key employees. | $282,578 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,901,391 |
Pension plan accruals and contributions | $127,726 |
Other employee benefits | $1,283,339 |
Payroll taxes | $558,167 |
Fees for services: Management | $79,827 |
Fees for services: Legal | $97,845 |
Fees for services: Accounting | $105,775 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $127,103 |
Fees for services: Other | $3,489,037 |
Advertising and promotion | $0 |
Office expenses | $157,341 |
Information technology | $522,588 |
Royalties | $0 |
Occupancy | $462,172 |
Travel | $111,341 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,455,647 |
Insurance | $247,508 |
All other expenses | $0 |
Total functional expenses | $22,165,785 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,274,943 |
Savings and temporary cash investments | $7,499,598 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,305,894 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $329,622 |
Prepaid expenses and deferred charges | $324,920 |
Net Land, buildings, and equipment | $13,314,512 |
Investments—publicly traded securities | $19,386,567 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $551,830 |
Total assets | $46,987,886 |
Accounts payable and accrued expenses | $2,662,968 |
Grants payable | $0 |
Deferred revenue | $148,983 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $15,367,366 |
Total liabilities | $18,179,317 |
Net assets without donor restrictions | $28,479,341 |
Net assets with donor restrictions | $329,228 |
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 | $46,987,886 |
Over the last fiscal year, Upper Connecticut Valley Hospital Association has awarded $95,909 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Concord, NH PURPOSE: Substance Abuse prevention, treatment & recovery | $85,909 |
Whitefield, NH PURPOSE: Contribution for Mobile Medical Unit | $10,000 |
Over the last fiscal year, we have identified 2 grants that Upper Connecticut Valley Hospital Association has recieved totaling $5,005.
Awarding Organization | Amount |
---|---|
Bangor Savings Bank Foundation Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $263,236 |
Earnings | $35,802 |
Ending Balance | $299,038 |
Organization Name | Assets | Revenue |
---|---|---|
Bridgton Hospital Bridgton, ME | $42,315,863 | $55,206,126 |
Houlton Regional Hospital Houlton, ME | $36,054,389 | $48,441,740 |
Valley Regional Hospital Inc Claremont, NH | $72,743,139 | $53,184,998 |
Rumford Hospital Rumford, ME | $25,999,903 | $46,142,304 |
Emerson Practice Associates Inc Concord, MA | $29,193,502 | $40,422,139 |
Cottage Hospital Woodsville, NH | $42,210,200 | $41,926,770 |
Blue Hill Memorial Hospital Inc Blue Hill, ME | $34,017,992 | $40,461,149 |
Athol Memorial Hospital Incorporated Athol, MA | $33,079,219 | $40,239,523 |
Tufts Shared Services Inc Boston, MA | $23,127,749 | $29,549,509 |
Millinocket Regional Hospital Millinocket, ME | $17,691,355 | $34,169,661 |
Carlos G Otis Health Care Center Inc Townshend, VT | $26,686,067 | $30,843,865 |
Upper Connecticut Valley Hospital Association Colebrook, NH | $46,987,886 | $27,325,994 |