EXETER HEALTH RESOURCES INC

EIN: 020222126 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$12,768,503
Total Expenses
$10,594,366
Total Assets
$297,749,849
Net Assets
$286,480,284
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NH
Principal Officer
KEVIN TABB MD
Phone
6035806694
Tax Period
2023-10-01 to 2024-09-30

EXETER HEALTH RESOURCES INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $12.8M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.2M, a strong 17% operating margin.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, EXETER HEALTH RESOURCES INC OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING.

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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 $9,211
Program Service Revenue $11,709,748
Investment Income $990,120
Other Revenue $59,424
TOTAL REVENUE $12,768,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,582,403
Fundraising Expenses $0
Program Expenses $10,269,340
Other Expenses $2,011,963
TOTAL EXPENSES $10,594,366

Year-over-Year Comparison

2023 2022 Change
Revenue $12,768,503 $17,593,415 -0.3%
Expenses $10,594,366 $16,276,325 -0.3%
Net Income $2,174,137 $1,317,090 +0.7%
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
12
Independent Members
9
Employees
30
Volunteers
9

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
10
$11,126,193
Total Directors
14
$8,506,747
Key Employees
4
$2,507,135
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWAN MICHAEL TTEE(CEO DESIG) EVP HOS&AMBSVCS BILH 1.00
Director
$0 $2,401,778 $4,703,895
SHORETT PETER TTEE(CEO DESIG) (SR EVP & COO, BILH) 1.00
Director
$0 $48,246 $1,607,722
CRESTA DEBRA TRUSTEE (EX-OFFICIO) & PRESIDENT 55.00
Officer Director
$1,098,754 $16,277 $1,115,031
HOLLISTER MD RICHARD TTEE (EX-OFF) (PRES, MEDICAL STAFF) 1.00
Director
$0 $52,610 $681,702
PANGAN MD MICHAEL TRUSTEE 1.00
Director
$0 $54,171 $398,397
CASE AMY TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
EBERLE ROBERT TRUSTEE & CHAIR 1.00
Officer Director
$0 $0 $0
CARUCCI DEAN TTEE (EXO) (BILH DIV PRES COMMUNITY) 1.00
Director
$0 $0 $0
DESJARDINS RET MAJ GEN SUSAN Y TRUSTEE 1.00
Director
$0 $0 $0
DOMINGUEZ PHD CYNTHIA TRUSTEE 1.00
Director
$0 $0 $0
FALCK ESQ DAVID TRUSTEE 1.00
Director
$0 $0 $0
FARMER JR CHARLES DAVIS TRUSTEE 1.00
Director
$0 $0 $0
HEVERT ROBERT TRUSTEE 1.00
Director
$0 $0 $0
TOUMPAS NICK TRUSTEE 1.00
Director
$0 $0 $0
TABB MD KEVIN CEO (EX-OFF) (CEO, BILH) 1.00
Officer
$0 $1,097,028 $5,410,415
RIOS CINDY TREAS (EX-OFF) (EXEC VP & CFO, BILH) 1.00
Officer
$0 $217,736 $1,689,163
KATZ ESQ JAMIE CLERK (EX-OFF); GENERAL COUNSEL BILH 1.00
Officer
$0 $32,002 $1,302,177
CASASSA ALLISON J ASST TREAS (EX-OFF) & CFO 55.00
Officer
$685,247 $23,250 $708,497
SPRAUER ESQ CONSTANCE D ASSISTANT CLERK (SVP LEGAL AFFAIRS) 55.00
Officer
$535,449 $35,480 $570,929
BOYD ESQ STEPHEN ASST CLERK (DIV VP DEP GC COMM BILH) 1.00
Officer
$0 $15,921 $329,981
ABRAMSON ESQ MICHAEL S ASST CLERK (ASSOC GEN COUNSEL, BILH) 1.00
Officer
$0 $0 $0
MEEHAN DO NEIL CHIEF EXECUTIVE PHYSICIAN 55.00
Key Emp
$818,799 $63,260 $882,059
WHITNEY MARK VP STRAT, COMM REL, MKTG & ADVANCEMT 55.00
Key Emp
$565,864 $64,910 $630,774
BRIDEN DAVID CHIEF INFORMATION OFFICER 55.00
Key Emp
$503,713 $50,557 $554,270
LEVESQUE SHANNON VP, HUMAN RESOURCES 55.00
Key Emp
$394,924 $45,108 $440,032
JERMYN MARYBETH VICE PRESIDENT, SUPPORT SERVICES 55.00
Highest
$391,798 $32,085 $423,883
SPIELMAN ESQ DAVID VP, COMPLIANCE & ASSOC GEN COUNSEL 55.00
Highest
$364,894 $54,639 $419,533
GINGRAS KELLY L VP, ACCOUNTING & FINANCE, EHR & EH 55.00
Highest
$332,495 $44,412 $376,907
HAZARD LOREE DIRECTOR, STRATEGY & BUS DEVELOPMENT 55.00
Highest
$197,878 $42,984 $240,862
VASAPOLLI DEBRA DIRECTOR, COMMUNITY & PUB RELATIONS 55.00
Highest
$143,489 $34,690 $178,179
CALLAHAN KEVIN J FORMER TRUSTEE, CEO & PRESIDENT 0.00
$1,749,071 $367,707 $2,116,778
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 $12,768,503 $10,594,366 $297,749,849 $2,174,137
2023 $17,593,415 $16,276,325 $280,776,135 $1,317,090
2022 $23,019,783 $18,652,931 $306,347,127 $4,366,852
2021 $15,758,804 $13,577,477 $367,054,931 $2,181,327
2020 $15,547,213 $15,433,094 $268,056,079 $114,119
2019 $18,682,820 $15,363,983 $279,880,994 $3,318,837
2018 $14,961,275 $12,105,426 $284,538,890 $2,855,849
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