Graniteone Health is located in Manchester, NH. The organization was established in 2017. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Graniteone 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 09/2021, Graniteone Health generated $8.2m in total revenue. All expenses for the organization totaled $8.2m during the year ending 09/2021. While expenses have increased by 74.7% per year over the past 5 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
TO PROVIDE ACCESSIBLE, PATIENT-CENTERED, HIGH QUALITY CARE TO OUR COMMUNITIES THROUGH EXCEPTIONAL COLLABORATION AND INTEGRATION ACROSS THE CONTINUUM OF HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANITEONE HEALTH OPERATES EXCLUSIVELY TO BENEFIT THREE PUBLICLY SUPPORTED 501(C)(3) NEW HAMPSHIRE HOSPITALS: CATHOLIC MEDICAL CENTER IN MANCHESTER, HUGGINS HOSPITAL IN WOLFEBORO, AND MONADNOCK COMMUNITY HOSPITAL IN PETERBOROUGH. ITS PRINCIPAL PURPOSES IN SUPPORT OF THESE HOSPITALS ARE TO: - PROMOTE COST SAVINGS, EFFICIENCIES, AND QUALITY IMPROVEMENTS IN THE PROVISION OF HEALTHCARE SERVICES TO THE COMMUNITIES IN WHICH THE HOSPITALS OPERATE. - PRESERVE THE CHARITABLE MISSIONS OF THE SUPPORTED HOSPITALS AND PROTECT THEIR ABILITY TO PERFORM THEIR MISSIONS BY CREATING A REGIONAL HEALTHCARE NETWORK THAT WILL ALLOW THE HOSPITALS COLLECTIVELY TO ADDRESS CHALLENGES IN A WAY THAT IS NOT POSSIBLE FOR EACH HOSPITAL TO ADDRESS INDEPENDENTLY. - INTEGRATE THE MANAGEMENT, ADMINISTRATIVE, AND CLINICAL FUNCTIONS OF THE SUPPORTED HOSPITALS IN A WAY THAT WILL ALIGN THEIR MISSIONS, CLINICAL SERVICES, AND ECONOMIC INTERESTS. THIS INTEGRATED HEALTHCARE SYSTEM WILL ALLOW FOR GREATER COORDINATION OF CARE, IMPLEMENTATION OF BEST PRACTICES, ELIMINATION OF INEFFICIENCIES, AND COLLABORATIVE REGIONAL PLANNING, ALL OF WHICH WILL IMPROVE THE QUALITY AND REDUCE THE COST OF CARE FOR THE COMMUNITIES SERVED. - ENHANCE THE CHARITABLE MISSIONS OF EACH OF THE SUPPORTED HOSPITALS BY: (1) DEVELOPING A CLINICAL INTEGRATION PROGRAM TO EVALUATE AND MODIFY PROVIDER PRACTICES; (2) CREATING A HIGH DEGREE OF INTERDEPENDENCE AND COOPERATION TO CONTROL COSTS; (3) ENSURING QUALITY OF CARE AND GREATER PATIENT ACCESS TO CARE; AND (4) BROADENING THE NATURE OF THE CHARITABLE SERVICES PROVIDED COLLECTIVELY TO THE COMMUNITIES SERVED BY CATHOLIC MEDICAL CENTER, HUGGINS HOSPITAL, AND MONADNOCK COMMUNITY HOSPITAL.TO ACCOMPLISH THESE GOALS, GRANITEONE HEALTH'S ROLE IS TO: OVERSEE LONG-TERM STRATEGIC PLANNING FOR THE INTEGRATED SYSTEM; APPROVE BUDGETS AND ENUMERATED DECISIONS OF EACH SUPPORTED HOSPITAL'S BOARD; AND COORDINATE THE NEW INTEGRATED HEALTHCARE SYSTEM BY OVERSEEING THE CENTRALIZATION OF AGREED UPON ADMINISTRATIVE, MANAGEMENT, FINANCIAL, TECHNOLOGY, SPECIALIZATION, AND COMPLIANCE FUNCTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Pepe MD Goh Ceo/cmc CEO (end 6/2021) | OfficerTrustee | 0.5 | $0 |
Rick Botnick Chair | OfficerTrustee | 0.6 | $0 |
Joseph Graham Vice Chair | OfficerTrustee | 0.5 | $0 |
Matthew Albuquerque Secretary | OfficerTrustee | 0.4 | $0 |
Marie Mckay CPA Treasurer | OfficerTrustee | 0.5 | $0 |
Edward L Dudley III CFO | Officer | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nera Economic Consulting Business Consulting And Analytics | 9/29/21 | $1,638,200 |
Winston & Strawn Legal Services | 9/29/21 | $5,053,695 |
The Chartis Group Healthcare Advisory And Analytics | 9/29/21 | $801,938 |
Catholic Medical Center Staffing | 9/29/21 | $402,172 |
Dartmouth Hitchcock Clinic Affiliation And Consulting | 9/29/21 | $189,112 |
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 | $8,160,739 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,160,739 |
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 | $7,682,946 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,850 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $408,712 |
Advertising and promotion | $0 |
Office expenses | $9,444 |
Information technology | $21,726 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,181 |
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 | $0 |
Insurance | $19,880 |
All other expenses | $0 |
Total functional expenses | $8,160,739 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $371,743 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $831,137 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,202,880 |
Accounts payable and accrued expenses | $1,211,656 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $1,211,656 |
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 |
Retained earnings, endowment, accumulated income, or other funds | -$8,776 |
Total liabilities and net assets/fund balances | $1,202,880 |
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Exeter Med Real Inc Exeter, NH | $48,444,143 | $7,175,126 |
Graniteone Health Manchester, NH | $1,202,880 | $8,160,739 |
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