Hitchcock Foundation

EIN: 020222139 501(c)(3) Medical Research

Lebanon, NH

Total Revenue
$3,331,627
Total Expenses
$2,660,602
Total Assets
$45,545,899
Net Assets
$45,379,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NH
Phone
6036505000
Tax Period
2024-07-01 to 2025-06-30

Hitchcock Foundation, founded in 1946, is a community nonprofit in the Medical Research sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $671K, a strong 20% operating margin.

Mission

THE HITCHCOCK FOUNDATION'S PURPOSE IS TO AID AND ADVANCE THE STUDY AND INVESTIGATION OF HUMAN AILMENTS AND INJURIES; AND THE CAUSES, PREVENTION, RELIEF, AND CURE THEREOF; AND THE STUDY AND INVESTIGATION OF PROBLEMS OF HYGIENE, HEALTH AND PUBLIC WELFARE; AND THE PROMOTION OF MEDICAL, (Continued on Schedule O)

Program Service Accomplishments

Program 1
Expenses: $2,367,208 Revenue: $322,171

THE HITCHCOCK FOUNDATION PROVIDES BETWEEN 15 AND 20 GRANTS PER YEAR AND SPONSORS OVER 300 ADVISED FUNDS THAT SUPPORT CLINICALLY-ORIENTED RESEARCH AND EDUCATION ACTIVITIES IN FURTHERANCE OF OUR...

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THE HITCHCOCK FOUNDATION PROVIDES BETWEEN 15 AND 20 GRANTS PER YEAR AND SPONSORS OVER 300 ADVISED FUNDS THAT SUPPORT CLINICALLY-ORIENTED RESEARCH AND EDUCATION ACTIVITIES IN FURTHERANCE OF OUR MISSION. SPONSORED RESEARCH FUNDS SUPPORT DISCRETE CLINICAL AND BIOMEDICAL RESEARCH PROJECTS, AND ARE FUNDED BY EXTERNAL SOURCES INCLUDING CORPORATIONS AND FOUNDATIONS. ADVISED FUNDS ARE ESTABLISHED BY THE EXECUTIVE DIRECTOR UNDER THE AUTHORITY OF THE BOARD OF TRUSTEES. THEY ARE FUNDED WITH CONTRIBUTIONS INTENDED TO SUPPORT ACTIVITIES CONSISTENT WITH OUR CHARITABLE MISSION, PARTICULARLY CLINICAL RESEARCH AND EDUCATION. THEY ARE NOT DONOR-ADVISED FUNDS; RATHER, THE ADVISERS ARE SCIENTISTS AND CLINICIANS WITH EXPERTISE IN THE AREAS OF RESEARCH AND EDUCATION SUPPORTED BY THE FUND. THE FOUNDATION ALSO PROVIDES FUNDING FOR RESEARCH GRANTS AND FELLOWSHIPS; AMOUNTS AWARDED RANGE FROM $1,000 TO $125,000 AND ARE AWARDED ON A COMPETITIVE BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,406,099
Program Service Revenue $322,171
Investment Income $603,357
Other Revenue $0
TOTAL REVENUE $3,331,627

Expense Breakdown

Grants Paid $48,536
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,367,208
Other Expenses $2,612,066
TOTAL EXPENSES $2,660,602

Year-over-Year Comparison

2024 2023 Change
Revenue $3,331,627 $4,504,561 -0.3%
Expenses $2,660,602 $2,330,514 +0.1%
Net Income $671,025 $2,174,047 -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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Governance

Voting Members
11
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$175,799
Total Directors
11
$2,224,245
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward H Stansfield III MA Trustee / Board Treasurer 0.5
Officer Director
$0 $0 $0
Lawrence Dacey MD Trustee/Chair 0.5
Officer Director
$0 $0 $0
Brant Oliver PHD Trustee / Scientist 0.3
Director
$0 $54,333 $383,588
Christopher M Burns MD TRUSTEE, EX-OFFICIO / PHYSICIAN 0.3
Director
$0 $13,093 $160,700
Diane Gilbert-Diamond Trustee 0.3
Director
$0 $0 $0
Gregory J Tsongalis PhD Trustee 0.3
Director
$0 $0 $0
Heather Wishart PHD Trustee / Board Secretary / Neuropsychologist 0.3
Director
$0 $23,307 $165,702
Margaret Guill MD Trustee 0.3
Director
$0 $0 $0
Nirav Kapadia MD Trustee / Physician 0.3
Director
$0 $65,289 $681,904
Philip Goodney MD Trustee / Physician 0.3
Director
$0 $69,100 $698,004
Steven Boyce Trustee 0.3
Director
$0 $49,911 $134,347
Tracy Ostler Executive Director 40.0
Officer
$0 $10,141 $175,799
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
2025 $3,331,627 $2,660,602 $45,545,899 $671,025
2024 No data No data No data No data
2023 $3,943,931 $2,459,988 $35,295,737 $1,483,943
2022 $2,329,287 $2,071,393 $33,699,696 $257,894
2021 $2,527,806 $2,175,048 $36,127,473 $352,758
2020 $5,105,157 $2,557,360 $28,166,950 $2,547,797
2019 $4,451,592 $3,537,698 $27,428,528 $913,894
2018 $4,433,259 $2,919,589 $26,896,903 $1,513,670
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