Southern New Hampshire Medical Center
- Assets
- $437.0m
- Revenue
- $313.8m
- Investments
- $0.0
- Employees
- 1,776
- Location
- Nashua, NH
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 02-0483054
Organization Overview
Southern New Hampshire Medical Center is located in Nashua, NH. The organization was established in 1995. 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, Southern New Hampshire Medical Center employed 1,776 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern New Hampshire 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 06/2022, Southern New Hampshire Medical Center generated $313.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $262.1m during the year ending 06/2022. While expenses have increased by 4.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHERN NEW HAMPSHIRE MEDICAL CENTER IS DEDICATED TO PROVIDING EXCEPTIONAL CARE THAT IMPROVES THE HEALTH AND WELL-BEING OF INDIVIDUALS AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PROVIDES ACUTE HEALTHCARE SERVICES TO A DIVERSE POPULATION BASE INCLUDING INDIGENT WITHIN SOUTHERN AND CENTRAL NEW HAMPSHIRE. SOUTHERN NEW HAMPSHIRE MEDICAL CENTER IS A NONPROFIT HOSPITAL, SERVING ALL WHO NEED CARE, REGARDLESS OF ABILITY TO PAY. MEDICAL SERVICES PROVIDED INCLUDED 8,724 INPATIENT ADMISSIONS, 230,050 OUTPATIENT REGISTRATIONS, 33,753 EMERGENCY ROOM VISITS, 4,933 SURGICAL PROCEDURES, AND 1,195 BIRTHS.
CHARITY CARE ($2,320,639) AND OTHER UNCOMPENSATED CARE ($2,061,763) AT COST.
COMMUNITY HEALTH SERVICES AND HEALTH PROFESSIONAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rose Former Trea./pres./sec. | 0 | $677,389 | |
Robert Dorf DO Eo Pres. Fnd. Medical Ptrs. (end 9/21) | 1 | $534,762 | |
Scott A Wolf DO President/ceo & Secretary (end 8/21) | Officer | 42 | $504,492 |
Paul Trainor Senior VP & Cfo, Treasurer | Officer | 40 | $467,036 |
Joseph M Leahy DO Physician | 40 | $444,645 | |
Dilip Yarabothu MD Physician | 40 | $373,068 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fulcrum Associates Construction | 6/29/22 | $1,184,468 |
Weatherby Locums Inc Staffing | 6/29/22 | $846,662 |
Baxter Healthcare Corp Medical Equipment | 6/29/22 | $696,126 |
Sodexo Inc Food Services | 6/29/22 | $544,310 |
Janitech Inc Janitorial Services | 6/29/22 | $824,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,210,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,472,619 |
| Total Program Service Revenue | $277,274,299 |
| Investment income | $4,757,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,624,578 |
| Net Gain/Loss on Asset Sales | $24,211,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,798,950 |
| 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. | $1,219,777 |
| Compensation of current officers, directors, key employees. | $1,219,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,300,009 |
| Pension plan accruals and contributions | $3,815,261 |
| Other employee benefits | $9,175,818 |
| Payroll taxes | $6,601,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,304 |
| Fees for services: Accounting | $137,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,548 |
| Fees for services: Other | $53,637,596 |
| Advertising and promotion | $142,188 |
| Office expenses | $195,724 |
| Information technology | $967,522 |
| Royalties | $0 |
| Occupancy | $4,304,363 |
| Travel | $7,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,997 |
| Interest | $2,658,100 |
| Payments to affiliates | $4,494,160 |
| Depreciation, depletion, and amortization | $14,930,418 |
| Insurance | $1,744,119 |
| All other expenses | $4,800,576 |
| Total functional expenses | $262,122,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,865,796 |
| Savings and temporary cash investments | $4,286,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,864,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,733,550 |
| Prepaid expenses and deferred charges | $2,320,355 |
| Net Land, buildings, and equipment | $136,403,935 |
| Investments—publicly traded securities | $240,721,677 |
| Investments—other securities | $0 |
| Investments—program-related | $2,135,833 |
| Intangible assets | $0 |
| Other assets | $9,693,554 |
| Total assets | $437,025,715 |
| Accounts payable and accrued expenses | $72,837,361 |
| Grants payable | $0 |
| Deferred revenue | $107,756 |
| Tax-exempt bond liabilities | $78,019,038 |
| 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 | $19,719,804 |
| Total liabilities | $170,683,959 |
| Net assets without donor restrictions | $260,594,031 |
| Net assets with donor restrictions | $5,747,725 |
| 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 | $437,025,715 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southern New Hampshire Medical Center has recieved totaling $152,215.
| Awarding Organization | Amount |
|---|---|
Nutt Hospital Association Nashua, NH PURPOSE: INDIGENT CARE, MEDICAL EQUIPMENT, CONTINUING EDUCATION | $152,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $215 |
Endowment Analysis
| Beg. Balance | $140,891,184 |
| Earnings | -$15,387,137 |
| Ending Balance | $125,504,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Concord Hospital Inc Concord, NH | $790,822,441 | $622,809,517 |
Berkshire Medical Center Inc Pittsfield, MA | $782,927,301 | $631,822,397 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $676,110,969 | $594,778,887 |
The Lowell General Hospital Lowell, MA | $603,322,132 | $492,829,849 |
Catholic Medical Center Manchester, NH | $518,751,919 | $548,724,237 |
Central Maine Medical Center Lewiston, ME | $261,602,490 | $415,757,957 |
Northeast Hospital Corporation Beverly, MA | $567,670,947 | $423,580,610 |
Lawrence General Hospital Lawrence, MA | $303,928,617 | $317,528,046 |
Mount Auburn Hospital Cambridge, MA | $474,641,703 | $335,853,854 |
Beth Israel Deaconess Hospital Plymouth Inc Plymouth, MA | $277,727,725 | $326,450,777 |