Dartmouth-Hitchcock Health
- Assets
- $1.2b
- Revenue
- $24.6m
- Investments
- $202.2m
- Employees
- 0
- Location
- Lebanon, NH
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 26-4812335
Organization Overview
Dartmouth-Hitchcock Health is located in Lebanon, NH. The organization was established in 2010. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dartmouth-Hitchcock Health 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, Dartmouth-Hitchcock Health generated $24.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $31.8m during the year ending 06/2022. 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
TO GOVERN AN INTEGRATED HEALTH CARE DELIVERY SYSTEM THAT BEST SERVES THE PURPOSES OF PREVENTING, DIAGNOSING, TREATING, AND CURING HUMAN ILLNESS WITHIN THE NORTHERN NEW ENGLAND REGION.
Describe the Organization's Program Activity:
DARTMOUTH-HITCHCOCK HEALTH (D-HH) CONTINUES TO ESTABLISH AND MAINTAIN COOPERATIVE HOSPITAL AND PROVIDER RELATIONSHIPS THROUGHOUT THE NORTHERN NEW ENGLAND REGION. WHILE D-HH CONTINUES TO REFINE ITS AFFILIATIONS WITH FIVE HOSPITALS AND VISITING NURSE AND HOSPICE OF VERMONT AND NH (VNH), D-HH IS ALSO REACHING OUT TO OTHER HEALTH CARE ORGANIZATIONS IN HOPES OF FURTHER COORDINATING CARE AND CREATING GREATER EFFICIENCIES IN HEALTH CARE DELIVERY THROUGHOUT NORTHERN NEW ENGLAND.
PHILANTHROPY ACROSS THE D-HH SYSTEM IS COORDINATED BY A JOINT DEVELOPMENT OFFICE, WORKING ON BEHALF OF D-HH AND THE GEISEL SCHOOL OF MEDICINE AT DARTMOUTH. THE JOINT DEVELOPMENT OFFICE ALSO MANAGES REVENUE FROM EVENTS SUCH AS THE NORRIS COTTON CANCER CENTER'S PROUTY RACE, VARIOUS EVENTS SPONSORED BY THE CHILDREN'S HOSPITAL AT DARTMOUTH-HITCHCOCK (CHAD), AND THE FASHION SHOW SPONSORED BY THE HEART & VASCULAR CENTER. APPROXIMATELY 93% OF D-HH'S PHILANTHROPIC REVENUE COMES FROM DONOR CONTRIBUTIONS AND EVENT REVENUE. DURING FY22, MORE THAN $15 MILLION WAS RAISED THROUGH THE JOINT DEVELOPMENT OFFICE FOR THE DARTMOUTH-HITCHCOCK HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee, Ex-Officio, CEO | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee (as Of 1/1/22) | Trustee | 1 | $0 |
Name Not Listed Trustee / Ex-Officio | Trustee | 0.5 | $0 |
Name Not Listed Trustee (as Of 1/1/22) | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Trustees Of Dartmouth College Development Services | 6/29/22 | $5,048,719 |
Mayer Brown Llp Legal Services | 6/29/22 | $3,077,079 |
Natl Economic Research Assn Inc Economic Research | 6/29/22 | $1,488,916 |
Update Inc Document Review Services | 6/29/22 | $1,350,938 |
Driven Inc Technology Services | 6/29/22 | $1,016,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,405,149 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,204,137 |
| Noncash contributions included in lines 1a–1f | $3,370,854 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,609,286 |
| Total Program Service Revenue | $208,737 |
| Investment income | -$32,072 |
| Tax Exempt Bond Proceeds | $29,301 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$102,013 |
| Net Income from Gaming Activities | $8,907 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,571,640 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,353,523 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $155,747 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,258,020 |
| Advertising and promotion | $1,066,280 |
| Office expenses | $276,192 |
| Information technology | $750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,550 |
| Interest | $6,755,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $55,209 |
| All other expenses | $0 |
| Total functional expenses | $31,772,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,693 |
| Savings and temporary cash investments | $106,957,657 |
| Pledges and grants receivable | $4,051,446 |
| Accounts receivable, net | $13,745,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $842,051,632 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,691 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $202,152,636 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,511,835 |
| Total assets | $1,171,203,101 |
| Accounts payable and accrued expenses | $20,411,129 |
| Grants payable | $0 |
| Deferred revenue | $5,141,222 |
| Tax-exempt bond liabilities | $539,755,000 |
| 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 | $631,494,733 |
| Total liabilities | $1,196,802,084 |
| Net assets without donor restrictions | -$25,603,720 |
| Net assets with donor restrictions | $4,737 |
| 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 | $1,171,203,101 |
Grants Awarded
Over the last fiscal year, Dartmouth-Hitchcock Health has awarded $1,252,712 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE PECK DAY MEMORIAL HOSPITAL PURPOSE: Program Support | $25,000 |
THE TRUSTEES OF DARTMOUTH COLLEGE PURPOSE: Educ and Prog Sppt | $200,000 |
GRANITE STATE UNITED WAY PURPOSE: Program Support | $80,000 |
CITY YEAR INC PURPOSE: Preogram Support | $150,000 |
CHESHIRE MEDICAL CENTER PURPOSE: Program Support | $101,463 |
ST JOSEPH HOSPITAL PURPOSE: Program Support | $25,000 |