Mary Hitchcock Memorial Hospital

EIN: 020222140 501(c)(3) Health Care

Lebanon, NH

Total Revenue
$2,662,113,500
Total Expenses
$2,509,634,474
Total Assets
$2,797,879,554
Net Assets
$1,324,489,687
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Financial Trends

Organization Details

Formation Year
1889
Legal Domicile
NH
Phone
6036505000
Tax Period
2024-07-01 to 2025-06-30

Mary Hitchcock Memorial Hospital, founded in 1889, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.5B left a modest 6% surplus.

Mission

WE ADVANCE HEALTH THROUGH RESEARCH, EDUCATION, CLINICAL PRACTICE, AND COMMUNITY PARTNERSHIPS, PROVIDING EACH PERSON THE BEST CARE IN THE RIGHT PLACE, AT THE RIGHT TIME, EVERY TIME.

Program Service Accomplishments

Program 1
Expenses: $1,997,498,000 Revenue: $2,417,522,817

MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) IS AN ACUTE AND TERTIARY CARE TEACHING HOSPITAL LOCATED IN LEBANON, NEW HAMPSHIRE. MHMH PROVIDES A BROAD RANGE OF PATIENT SERVICES AND HEALTH-RELATED COMMUNITY...

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MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) IS AN ACUTE AND TERTIARY CARE TEACHING HOSPITAL LOCATED IN LEBANON, NEW HAMPSHIRE. MHMH PROVIDES A BROAD RANGE OF PATIENT SERVICES AND HEALTH-RELATED COMMUNITY SERVICES, CONSISTENT WITH ITS ROLE AS A MAJOR TEACHING HOSPITAL, A TERTIARY CARE REFERRAL HOSPITAL, AND AS A PROSPECTIVE PAYMENT SYSTEM HOSPITAL (AS DEFINED BY CMS). MHMH PROVIDES A FULL RANGE OF SERVICES IN BOTH ACUTE AND CRITICAL MEDICINE, SURGERY, PSYCHIATRY AND REHABILITATION FOR INFANTS, CHILDREN AND ADULTS. DURING FY 2025, MHMH PROVIDED 160,781 ACUTE PATIENT DAYS OF INPATIENT SERVICE AND HAD 30,558 TOTAL ACUTE CARE DISCHARGES, WHILE MHMH'S EMERGENCY ROOM WAS OPEN TO THE PUBLIC 24 HOURS PER DAY, 7 DAYS PER WEEK AND HAD 35,874 DISCHARGES. (Continued on Schedule O)

Program 2
Expenses: $127,376,231 Revenue: $83,769,473

AS A COMPONENT OF NEW HAMPSHIRE'S ONLY INTEGRATED ACADEMIC MEDICAL CENTER, MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) PROVIDES THE GEISEL SCHOOL OF MEDICINE AT DARTMOUTH (GSM) SUPPORT FOR PHYSICIANS'...

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AS A COMPONENT OF NEW HAMPSHIRE'S ONLY INTEGRATED ACADEMIC MEDICAL CENTER, MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) PROVIDES THE GEISEL SCHOOL OF MEDICINE AT DARTMOUTH (GSM) SUPPORT FOR PHYSICIANS' UNPAID TEACHING TIME AS PART OF ITS COMMUNITY BENEFIT INITIATIVES. THIS SUPPORT CONSISTS OF THE TIME PHYSICIANS SPEND PROVIDING CLINICAL SUPERVISION AND EDUCATION FOR RESIDENTS AND MEDICAL STUDENTS. IN ADDITION, THE HOSPITAL PROVIDES IN-KIND SUPPORT FOR RESEARCH AND OTHER GRANTS REPRESENTING COSTS IN EXCESS OF AWARDS FOR NUMEROUS GRANT-FUNDED HEALTH RESEARCH AND SERVICE INITIATIVES AWARDED TO DARTMOUTH-HITCHCOCK CLINIC (DHC) AND GSM. OTHER COMMUNITY BENEFIT INITIATIVES INCLUDE SUBSIDIZING THE COSTS OF PROVIDING MEDICAL AND CLINICAL EDUCATION TO PROFESSIONALS ACROSS NEW HAMPSHIRE, VERMONT AND BEYOND AS WELL AS UNCOMPENSATED COSTS OF ACADEMIC AND MEDICAL RESEARCH ACTIVITIES.

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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 $60,666,288
Program Service Revenue $2,554,561,938
Investment Income $2,662,506
Other Revenue $44,222,768
TOTAL REVENUE $2,662,113,500

Expense Breakdown

Grants Paid $12,361,943
Salaries & Benefits $1,270,958,061
Fundraising Expenses $600,858
Program Expenses $2,124,874,231
Other Expenses $1,226,314,470
TOTAL EXPENSES $2,509,634,474

Year-over-Year Comparison

2024 2023 Change
Revenue $2,662,113,500 $2,263,505,225 +0.2%
Expenses $2,509,634,474 $2,218,831,346 +0.1%
Net Income $152,479,026 $44,673,879 +2.4%
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
18
Independent Members
12
Employees
7047
Volunteers
294

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
$8,199,342
Total Directors
19
$6,038,934
Key Employees
6
$3,690,214
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David P Paul Trustee / Secretary/Treasurer 0.8
Officer Director
$0 $0 $0
Joanne M Conroy MD Trustee, Ex-Officio, CEO 37.8
Officer Director
$0 $52,662 $2,525,898
ROBERTA L HINES MD TRUSTEE / Chair 1.5
Officer Director
$0 $0 $0
Celestina M Dooley-Jones PHD Trustee 0.8
Director
$0 $0 $0
Duane A Compton PHD Trustee / Ex-Officio 0.8
Director
$0 $0 $0
Emily Zeitler Trustee (as of 1/1/25) 12.0
Director
$0 $69,972 $585,973
Gary V Desir Trustee 0.8
Director
$0 $0 $0
Geraldine Bednash PHD RN FAAN Trustee 0.8
Director
$0 $0 $0
Jason T Garbarino DNP RN GERO-BC Trustee (as of 1/18/25) 1.3
Director
$0 $0 $0
Jennifer L Moyer MBA Trustee 0.8
Director
$0 $0 $0
Jonathan B Thyng MD Trustee/Medical Director 28.0
Director
$0 $77,043 $455,804
Keith Loud MD Trustee 0.1
Director
$0 $70,523 $613,550
Laura Chiang Trustee 28.0
Director
$0 $67,621 $485,596
Laurel J Richie Trustee (as of 1/1/25) 1.3
Director
$0 $0 $0
M Elyse Allan Trustee N/A
Director
$0 $0 $0
Marcus Coe MD Trustee 0.1
Director
$0 $70,093 $906,483
Mark S Speers MBA Trustee 0.8
Director
$0 $0 $0
Nancy M Dunbar MD Trustee / Physician (Through 12/31/24) 28.0
Director
$0 $70,831 $465,630
Sherri C Oberg Trustee 0.8
Director
$0 $0 $0
Aimee M Claiborne Chief Human Resource Officer 28.0
Officer
$670,485 $53,691 $724,176
Edward J Merrens MD Chief Clinical Officer 28.0
Officer
$0 $49,303 $1,101,030
John Kacavas Chief Legal Officer 28.0
Officer
$792,086 $53,353 $845,439
Martin T Manion COO (as of 4/24/25) 40.0
Officer
$497,844 $22,728 $520,572
Matthew Haag Chief Development Officer 28.0
Officer
$517,588 $43,749 $561,337
Stephen LeBlanc Chief Strategy Officer 28.0
Officer
$0 $69,299 $1,085,410
Susan A Reeves EDD RN Executive VP (medical center) 28.0
Officer
$216,596 $12,996 $229,592
Wendy Fielding Chief Financial Officer 28.0
Officer
$537,524 $68,364 $605,888
David F Duncan System VP - Facilities Mgmt 28.0
Key Emp
$367,601 $47,168 $414,769
Martin Purcell MBA Chief Information Officer 28.0
Key Emp
$620,026 $70,350 $690,376
Patrick F Jordan III MBA Chief Operating Officer - DHC (through 6/21/25) 28.0
Key Emp
$1,132,708 $79,260 $1,211,968
Samuel Shields System VP - Strtgy & Rgnl Ops 40.0
Key Emp
$399,147 $30,060 $429,207
Simon C Hillier Dept. Chair - Anesthesiology 28.0
Key Emp
$0 $68,285 $502,116
Tracy Galvin Chief Nursing Officer 28.0
Key Emp
$394,259 $47,519 $441,778
Barbara Vance VP-Research Ops (through 7/13/24) 40.0
Highest
$431,221 $25,074 $456,295
Christopher L Hubble MD VP Patient Safety 40.0
Highest
$466,573 $65,298 $531,871
Daniel P Jantzen CFO D-HH/Former CFO MHMH 28.0
Highest
$1,184,287 $71,877 $1,256,164
Jennifer Gilkie System VP Comm-Marketing, 40.0
Highest
$401,447 $77,825 $479,272
Kimberly Troland JD DH Gnrl Cnsl &Sys Dep Gnl Cnsl 40.0
Highest
$581,281 $52,939 $634,220
Maria Padin MD Former Officer/Chief medical Officer, CGP 28.0
$0 $68,542 $667,837
Peter D Solberg MD Chief Health Information Officer - Former 0.0
$0 $77,090 $665,646
Staci Hermann PHARMD MS Former Chief Pharmacy Officer 40.0
$122,608 $10,389 $132,997
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 $2,662,113,500 $2,509,634,474 $2,797,879,554 $152,479,026
2024 No data No data No data No data
2023 $1,980,420,213 $1,923,168,492 $2,230,963,269 $57,251,721
2022 $1,787,657,343 $1,734,152,243 $2,099,315,446 $53,505,100
2021 $1,606,764,404 $1,561,544,656 $2,230,652,721 $45,219,748
2020 $1,454,984,640 $1,479,327,805 $2,041,764,780 $-24,343,165
2019 $1,389,836,528 $1,325,566,267 $1,550,625,147 $64,270,261
2018 $1,261,047,216 $1,210,474,037 $1,448,110,334 $50,573,179
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