Littleton Hospital Association (EIN 020222152) - Form 990 Financial Analysis & Trantor Score

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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

1906

Legal Domicile

Principal Officer

Robert F Nutter

Phone

6034449000

Tax Period

2023-10-01 to 2024-09-30

Littleton Hospital Association, founded in 1906, is a major nonprofit in the Health Care sector that reported $116.9M in total revenue in fiscal year 2023. Expenses of $130.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide health care services in Northern New Hampshire.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,429,132

Program Service Revenue $112,525,590

Investment Income $2,604,691

Other Revenue $296,641

TOTAL REVENUE $116,856,054

Expense Breakdown

Grants Paid $135,086

Salaries & Benefits $60,799,031

Fundraising Expenses $0

Program Expenses $87,991,233

Other Expenses $69,824,853

TOTAL EXPENSES $130,758,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,856,054	$119,823,447	0.0%
Expenses	$130,758,970	$117,934,604	+0.1%
Net Income	$-13,902,916	$1,888,843	-8.4%

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

Governance

Voting Members

Independent Members

Employees

688

Volunteers

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

$3,551,031

Total Directors

$3,336,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Stephen Goldberg	Trustee/Physician	40.00	Director	$394,850	$34,338	$429,188
Dr Jennifer Lucas	Trustee/Medical Staff President	40.00	Director	$478,605	$27,189	$505,794
Dr Richard McKenzie	Trustee/Physician	40.00	Director	$325,369	$29,203	$354,572
Dr Patrick Fitzpatrick	Treas.(end 12/23);Trustee/Physician	40.00	Officer Director	$1,072,541	$44,697	$1,117,238
Robert Nutter	President & CEO	40.00	Officer Director	$887,247	$42,436	$929,683
Audrey Goudie	Trustee	1.00	Director	$0	$0	$0
Susan Ide	Trustee (start 8/24)	1.00	Director	$0	$0	$0
Richard Jesseman	Trustee	1.00	Director	$0	$0	$0
Elizabeth Kunz	Trustee (end 12/23)	1.00	Director	$0	$0	$0
Robert MacLeod	Trustee	1.00	Director	$0	$0	$0
Laurie Morgan	Trustee/LRH Auxiliary Representative	1.00	Director	$0	$0	$0
Stephen Noyes	Trustee	1.00	Director	$0	$0	$0
Charyl Reardon	Trustee	1.00	Director	$0	$0	$0
Paul Smith	Trustee	1.00	Director	$0	$0	$0
Jeff Woodward	Chair	1.00	Director	$0	$0	$0
Fred Chisolm	Trustee/Treasurer (start 12/23)	1.00	Officer Director	$0	$0	$0
Ashley Garrison	Secretary/Vice Chair (start 12/23)	1.00	Officer Director	$0	$0	$0
Thomas Tremblay	Trustee/Secretary (start 12/23)	1.00	Officer Director	$0	$0	$0
Steven Shaffer	CFO (end 5/24)	40.00	Officer	$401,936	$44,698	$446,634
Koren Superchi	COO/CNO	40.00	Officer	$371,097	$16,215	$387,312
Dr Edward Duffy	CMO	40.00	Officer	$613,041	$57,123	$670,164
Chris Frauenhofer	Interim VP of Finance (start 5/24)	40.00	Officer	$0	$0	$0
Dr Eric Emig	Physician	40.00	Highest	$823,718	$27,623	$851,341
Dr Jeffrey Kauffman	Physician	40.00	Highest	$667,110	$34,041	$701,151
Dr Jean Langevin	Physician	40.00	Highest	$638,727	$4,601	$643,328
Dr Jonathan Lamphier	Physician	40.00	Highest	$599,633	$40,059	$639,692
Dr Anthony Salerni	Physician	40.00	Highest	$597,114	$36,802	$633,916
Leslie Walker	Former VP of Finance	0.00		$109,147	$27,260	$136,407

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	$116,856,054	$130,758,970	$102,964,897	$-13,902,916
2023	$119,823,447	$117,934,604	$123,327,936	$1,888,843
2022	$110,988,750	$108,752,716	$115,297,202	$2,236,034
2021	$108,075,870	$99,414,761	$135,716,999	$8,661,109
2020	$100,362,959	$101,936,281	$118,195,564	$-1,573,322
2019	$96,427,674	$99,586,591	$101,138,670	$-3,158,917
2018	$91,276,615	$89,088,477	$106,611,122	$2,188,138
2017	$85,973,531	$85,139,575	$102,102,426	$833,956

Littleton Hospital Association