The Memorial Hospital at North Conway NH (EIN 020222156) - 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

1910

Legal Domicile

Principal Officer

Tricia Costigan

Phone

6033565461

Tax Period

2023-10-01 to 2024-09-30

The Memorial Hospital at North Conway NH, founded in 1910, is a major nonprofit in the Health Care sector that reported $126.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $113.8M left a modest 10% surplus.

Mission

Critical Access Hospital

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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 $5,352,045

Program Service Revenue $117,206,820

Investment Income $3,562,152

Other Revenue $454,716

TOTAL REVENUE $126,575,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,016,554

Fundraising Expenses $197,193

Program Expenses $110,310,728

Other Expenses $59,737,260

TOTAL EXPENSES $113,753,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,575,733	$113,533,022	+0.1%
Expenses	$113,753,814	$105,333,975	+0.1%
Net Income	$12,821,919	$8,199,047	+0.6%

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

596

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

$1,371,915

Total Directors

$3,062,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Mueller MD	CEO and President, MH/Trustee	1.00	Director	$0	$55,268	$2,277,317
Rachael Brown	Trustee	1.00	Director	$0	$0	$0
David Hoeft	Physician/Trustee	50.00	Director	$262,433	$49,539	$311,972
Mary Vigeant	Nurse Practitioner/Trustee	50.00	Director	$220,952	$30,454	$251,406
Steve Boyle	Trustee	1.00	Director	$0	$0	$0
Christine Thompson	Trustee	1.00	Director	$0	$0	$0
Greg Frizzell	Former Trustee	1.00	Director	$0	$0	$0
Tim Scott	Trustee	1.00	Director	$0	$0	$0
Alec Tarberry	Former Trustee	1.00	Director	$0	$0	$0
Jill Berry Bowen	Frmr Interim President/Frmr Trustee	50.00	Officer Director	$217,645	$4,006	$221,651
Michelle O'Donnell	Board Chair	1.00	Officer Director	$0	$0	$0
Chris Perley	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Linda Terry	Board Treasurer	1.00	Officer Director	$0	$0	$0
Corinne Ray	Board Secretary	1.00	Officer Director	$0	$0	$0
Bradley Chapman	President/Trustee	50.00	Officer Director	$0	$0	$0
Matthew Dunn	Regional CMO - Mountain Region	50.00	Officer	$508,250	$55,144	$563,394
Diana McLaughlin	Chief Financial Officer	1.00	Officer	$0	$58,344	$325,398
Kristine Dascoulias	Chief Nursing Officer	50.00	Officer	$216,227	$45,245	$261,472
Douglas Taylor	Physician	50.00	Highest	$583,187	$57,663	$640,850
Danielle Phinney	Physician	50.00	Highest	$570,504	$47,084	$617,588
Morice Dennery	Physician	50.00	Highest	$478,696	$55,921	$534,617
M Angus Badger	Associate Medical Director	50.00	Highest	$441,445	$47,715	$489,160
Robert Brown	Physician - Shift	50.00	Highest	$438,448	$55,903	$494,351
Art Mathisen	Frmr President/Frmr Trustee	50.00		$283,439	$15,681	$299,120

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	$126,575,733	$113,753,814	$134,141,556	$12,821,919
2023	$113,533,022	$105,333,975	$127,146,321	$8,199,047
2022	$105,759,136	$96,024,231	$117,406,821	$9,734,905
2021	$92,264,207	$84,026,796	$121,250,571	$8,237,411
2020	$75,917,445	$75,085,354	$104,466,558	$832,091
2019	$74,851,804	$74,720,104	$91,169,798	$131,700

The Memorial Hospital at North Conway NH