Cheshire Health Foundation

EIN: 020202220 501(c)(3) Health Care

Keene, NH

Total Revenue
$24,309,436
Total Expenses
$5,783,368
Total Assets
$59,999,852
Net Assets
$35,346,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1896
Legal Domicile
NH
Phone
6033545400
Tax Period
2023-07-01 to 2024-06-30

Cheshire Health Foundation, founded in 1896, is a mid-sized nonprofit in the Health Care sector that reported $24.3M in total revenue in fiscal year 2023. Revenue surged 1261% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.5M, a strong 76% operating margin.

Mission

CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,207,228
Program Service Revenue $0
Investment Income $70,736
Other Revenue $31,472
TOTAL REVENUE $24,309,436

Expense Breakdown

Grants Paid $5,651,837
Salaries & Benefits $0
Fundraising Expenses $9,465
Program Expenses $5,773,903
Other Expenses $131,531
TOTAL EXPENSES $5,783,368

Year-over-Year Comparison

2023 2022 Change
Revenue $24,309,436 $1,785,631 +12.6%
Expenses $5,783,368 $1,778,846 +2.3%
Net Income $18,526,068 $6,785 +2729.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
13
Employees
N/A
Volunteers
13

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$1,782,250
Total Directors
19
$1,918,315
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CEIL GOFF TRUSTEE/TREASURER 0.5
Officer Director
$0 $0 $0
Jane Larmon Trustee/Vice Chair (as of 1/1/24) 0.5
Officer Director
$0 $0 $0
Joseph L Perras MD Trustee/CEO/President ex-officio (as of 8/7/23) 0.5
Officer Director
$0 $33,818 $654,647
KATHRYN F WILLBARGER COO /Trustee and Interim CEO (through 8/6/23) 0.5
Officer Director
$0 $34,064 $414,131
Patti Seymour Trustee /Secretary (as of 1/1/24) 0.5
Officer Director
$0 $0 $0
ROBERT ENGLUND MD TRUSTEE / Vice Chair (through 12/31/23)/Chair (as of 1/1/24) 0.5
Officer Director
$0 $0 $0
ROBERT THERRIEN TRUSTEE/CHAIR (through 12/31/23)/PAST CHAIR (as of 1/1/24) 0.5
Officer Director
$0 $0 $0
WILLIAM CHASE MD TRUSTEE 0.5
Officer Director
$0 $0 $0
Aalok Khole MD Trustee / Physician 0.5
Director
$0 $33,827 $308,224
ALAN STROSHINE TRUSTEE 0.5
Director
$0 $0 $0
Christopher Hamblet Trustee 0.5
Director
$0 $0 $0
Cindy Westover Trustee 0.5
Director
$0 $0 $0
Elizabeth Cotter TRUSTEE (through 12/31/23) 0.5
Director
$0 $0 $0
HEATHER MINKLER TRUSTEE (through 12/31/23) 0.5
Director
$0 $0 $0
J Paul Sanders MD Trustee (as of 1/1/24) 0.5
Director
$0 $63,066 $541,313
KATHERINE SNOW TRUSTEE 0.5
Director
$0 $0 $0
Matt Mucha Trustee 0.5
Director
$0 $0 $0
Patricia Campbell MD Trustee 0.5
Director
$0 $0 $0
Peter Bradshaw Trustee (as of 1/1/24) 0.5
Director
$0 $0 $0
AnnMarie Coppo Interim CFO (as of 5/3/24) 0.5
Officer
$0 $48,751 $182,025
Daniel Gross CFO of Cheshire Medical Center (through 5/2/24) 0.5
Officer
$0 $44,904 $334,924
SANDRA M PHIPPS VP PHILANTHROPY/COMM RELATIONS 0.5
Officer
$0 $30,679 $196,523
DON CARUSO MD FORMER CEO/PRESIDENT 0.5
$0 $19,018 $248,889
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $24,309,436 $5,783,368 $59,999,852 $18,526,068
2023 $1,785,631 $1,778,846 $34,238,471 $6,785
2022 $3,799,640 $3,456,288 $45,951,204 $343,352
2021 $12,306,567 $9,043,695 $78,781,807 $3,262,872
2020 $370,492 $326,841 $30,838,572 $43,651
2019 $1,744,415 $390,619 $30,402,473 $1,353,796
2018 $1,343,800 $611,709 $29,143,337 $732,091
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