Cheshire Medical Center is located in Keene, NH. The organization was established in 1981. 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, Cheshire Medical Center employed 1,369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cheshire 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 06/2021, Cheshire Medical Center generated $247.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $240.8m during the year ending 06/2021. While expenses have increased by 5.0% 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.
Since 2019, Cheshire Medical Center has awarded 30 individual grants totaling $2,219,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD OUR COMMUNITY TO OPTIMAL HEALTH AND WELLNESS THROUGH OUR CLINICAL AND SERVICE EXCELLENCE, COLLABORATION, AND COMPASSION FOR EVERY PATIENT, EVERY TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHESHIRE MEDICAL CENTER (CMC) IS A COMMUNITY HOSPITAL LOCATED IN KEENE, NEW HAMPSHIRE. CMC IS A NOT-FOR-PROFIT ORGANIZATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE HOSPITAL IS AFFILIATED WITH DARTMOUTH-HITCHCOCK HEALTH ("D-HH"), A NOT-FOR-PROFIT TAX-EXEMPT CORPORATION WITH A PRINCIPAL PLACE OF BUSINESS AT ONE MEDICAL CENTER DRIVE, LEBANON, NEW HAMPSHIRE. CONSISTENT WITH THE D-HH VISION AND STRATEGY TO CREATE A SUSTAINABLE HEALTH SYSTEM, CMC AND D-HH SHARE A COMMON COMMITMENT TO IMPROVING POPULATION HEALTH, VALUE-BASED CARE, AND CREATING NEW PAYMENT MODELS FOR THE BENEFIT OF THE CITIZENS OF NEW HAMPSHIRE AND VERMONT. CMC PROVIDES A BROAD RANGE OF PATIENT SERVICES AND HEALTH-RELATED COMMUNITY SERVICES, CONSISTENT WITH ITS ROLE AS A COMMUNITY HOSPITAL. THESE INCLUDE A FULL RANGE OF SERVICES IN BOTH ACUTE AND CRITICAL MEDICINE, SURGERY, AND REHABILITATION. DURING FY22, CMC PROVIDED 237,506 PROVIDER VISITS AND HAD 3,641 HOSPITAL ADMISSIONS AND DISCHARGES. THE EMERGENCY DEPARTMENT WAS OPEN TO THE PUBLIC 24 HOURS PER DAY, 7 DAYS PER WEEK AND HAD 23,867 ER PATIENT VISITS. THERE ARE A TOTAL OF 226 PROVIDERS CONSISTING OF 141 PHYSICIANS AND 85 ASSOCIATE PROVIDERS. EACH YEAR CHESHIRE MEDICAL CENTER FILES AN ANNUAL COMMUNITY BENEFIT REPORT WITH THE STATE OF NEW HAMPSHIRE WHICH OUTLINES THE COMMUNITY AND CHARITABLE BENEFITS CMC PROVIDES. THE MOST RECENT COMMUNITY BENEFIT REPORTS ARE AVAILABLE UPON REQUEST OR CAN BE FOUND ON CMC'S WEBSITE (HTTPS://WWW.CHESHIREMED.ORG/ABOUT/REPORTS-COMMUNITY). THE COMMUNITY HEALTH ACTIVITIES INCLUDE THE COST OR VALUE OF SEVERAL DIFFERENT TYPES OF PROGRAMS INCLUDING THE COST OF COMMUNITY-BASED EDUCATION PROGRAMS INVOLVING A VARIETY OF CHRONIC DISEASE AND WELLNESS TOPICS SUCH AS STRESS MANAGEMENT AND RESILIENCY, NUTRITION, PHYSICAL EDUCATION AND EXERCISE, HIGH BLOOD PRESSURE PREVENTION AND MONITORING, DIABETES PREVENTION AND MONITORING, ADVANCED DIRECTIVE PLANNING, AND OTHERS. IN TOTAL, CMC PROVIDED ALMOST $18 MILLION IN COMMUNITY BENEFITS INCLUDING UNREIMBURSED CHARITY CARE, HEALTH SERVICES, HEALTH PROFESSION EDUCATION, SUBSIDIZED HEALTH SERVICES, AND COMMUNITY-BUILDING ACTIVITIES. THESE CONTRIBUTIONS ARE IN ADDITION TO THE OVER $16.6 MILLION DOLLARS IN UNREIMBURSED MEDICARE COSTS ABSORBED BY CMC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee/secretary (as Of 1/1/22) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/ Medical Staff President | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/ceo/president - Cmc | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/treas(through 12/31/21)vice Chair(as Of 1/1/22) | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/chair (through 12/31/21) | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee / Secretary(through 12/31/21) Treasurer (as Of 1/1/22) | OfficerTrustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Conifer Revenue Cycle Solutions Revenue Management | 6/29/22 | $6,889,522 |
Mary Hitchcock Memorial Hospital Healthcare Services | 6/29/22 | $2,607,986 |
American Healthcare Staffing Association Healthcare Staffing Services | 6/29/22 | $1,963,383 |
Avant Healthcare Professionals Llc Healthcare Staffing Services | 6/29/22 | $815,178 |
Dartmouth-hitchcock Clinic Healthcare Services | 6/29/22 | $693,262 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $12,479,448 |
Investment income | $259,869 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $19,161 |
Net Gain/Loss on Asset Sales | $4,173 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $247,398,804 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $55,001 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $709,742 |
Compensation to disqualified persons | $137,183 |
Other salaries and wages | $68,919,871 |
Pension plan accruals and contributions | $3,252,568 |
Other employee benefits | $21,805,312 |
Payroll taxes | $4,082,363 |
Fees for services: Management | $0 |
Fees for services: Legal | $35,888 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $8,250 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $63,615,410 |
Advertising and promotion | $212,032 |
Office expenses | $1,213,732 |
Information technology | $1,752,607 |
Royalties | $0 |
Occupancy | $5,565,956 |
Travel | $58,137 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $935,882 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,498,730 |
Insurance | $1,621,076 |
All other expenses | $0 |
Total functional expenses | $240,795,064 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,146,503 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,325,989 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,330,484 |
Prepaid expenses and deferred charges | $961,554 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,774,315 |
Intangible assets | $0 |
Other assets | $49,705,836 |
Total assets | $168,346,405 |
Accounts payable and accrued expenses | $22,589,586 |
Grants payable | $0 |
Deferred revenue | $412,505 |
Tax-exempt bond liabilities | $23,617,565 |
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 | $41,300,770 |
Total liabilities | $87,920,426 |
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 | $80,425,979 |
Over the last fiscal year, Cheshire Medical Center has awarded $615,964 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
PARTNERS FOR WORLD HEALTH PURPOSE: Program Support | $23,225 |
FOUNDATION FOR HEALTHY COMMUNITIES PURPOSE: Program Support | $402,587 |
COMMUNITY VOLUNTEER TRANSPORTATION COMPANY PURPOSE: Program Support | $19,800 |
MONADNOCK FAMILY SERVICES PURPOSE: Program Support | $32,013 |
DENTAL HEALTH WORKS PURPOSE: Program Support | $5,000 |
SOUTHWEST REGION PLANNING COMMISSION PURPOSE: Program Support | $64,750 |