Valley Regional Healthcare Inc
- Assets
- $13.4m
- Revenue
- $2.3m
- Investments
- $13.0k
- Employees
- 3
- Location
- Claremont, NH
- Founding
- 08/1987
- Data as of
- 09/2021
- EIN
- 02-0397338
Organization Overview
Valley Regional Healthcare Inc is located in Claremont, NH. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Valley Regional Healthcare Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Regional Healthcare 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 09/2021, Valley Regional Healthcare Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $3.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. 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
PARENT ORGANIZATION TO VALLEY REGIONAL HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY REGIONAL HEALTHCARE IS THE PARENT ORGANIZATION FOR VALLEY REGIONAL HOSPITAL. IN THIS ROLE, VALLEY REGIONAL HEALTHCARE PROVIDES INTEGRATED MANAGEMENT AND SUPPORT SERVICES FOR THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Howard Former Interim CEO | 1.6 | $253,333 | |
Jean Shaw CFO | Officer | 2.8 | $159,394 |
Jocelyn Caple Interim President & CEO | OfficerTrustee | 1.6 | $127,317 |
Patricia Putnam Chair | OfficerTrustee | 0.1 | $0 |
Terri Decker Vice Chair | OfficerTrustee | 0.1 | $0 |
Cynthia L Burr Secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dartmouth Hitchcock Clinic Ceo Contract Services | 9/29/16 | $311,997 |
Springfield Hospital Ent Services | 9/29/16 | $143,533 |
Karen Baranowski Home Health Management | 9/29/16 | $116,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,112,863 |
| Investment income | $67,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,270,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $322,912 |
| Compensation of current officers, directors, key employees. | $36,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,415 |
| Pension plan accruals and contributions | $1,769 |
| Other employee benefits | $0 |
| Payroll taxes | $19,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,498 |
| Fees for services: Accounting | $40,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,569 |
| Fees for services: Other | $398,547 |
| Advertising and promotion | $115,249 |
| Office expenses | $12,646 |
| Information technology | $217 |
| Royalties | $0 |
| Occupancy | $20,721 |
| Travel | $852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $598,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,231,332 |
| Insurance | $37,138 |
| All other expenses | $0 |
| Total functional expenses | $2,981,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,181 |
| Savings and temporary cash investments | $999,998 |
| Pledges and grants receivable | $84,065 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,622 |
| Net Land, buildings, and equipment | $8,395,225 |
| Investments—publicly traded securities | $3,735,014 |
| Investments—other securities | $12,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,866 |
| Total assets | $13,445,921 |
| Accounts payable and accrued expenses | $163,858 |
| Grants payable | $0 |
| Deferred revenue | $117,027 |
| 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 | $17,938,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $465,506 |
| Total liabilities | $18,685,235 |
| Net assets without donor restrictions | -$5,239,390 |
| Net assets with donor restrictions | $76 |
| 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 | $13,445,921 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valley Regional Healthcare Inc has recieved totaling $110,004.
| Awarding Organization | Amount |
|---|---|
Mary Hitchcock Memorial Hospital Lebanon, NH PURPOSE: Program Support | $77,003 |
Dartmouth-Hitchcock Clinic Lebanon, NH PURPOSE: Program Support | $33,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
Community Health Systems Inc Attleboro, MA | $20,160,343 | $9,615,392 |
Metrowest Health Foundation Inc Framingham, MA | $99,772,227 | $5,790,457 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
Boston Accountable Care Organization Inc Boston, MA | $22,135,062 | $3,965,825 |
Southwestern Vermont Health Care Corporation Bennington, VT | $75,476,166 | $6,374,667 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |