Monadnock Community Hospital

EIN: 020222157 501(c)(3) Health Care

Peterborough, NH

Total Revenue
$128,008,734
Total Expenses
$122,252,408
Total Assets
$203,243,687
Net Assets
$146,206,600
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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
NH
Principal Officer
Cynthia K McGuire
Phone
6039247191
Tax Period
2023-10-01 to 2024-09-30

Monadnock Community Hospital, founded in 1919, is a major nonprofit in the Health Care sector that reported $128.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $122.3M left a modest 4% surplus.

Mission

Monadnock Community Hospital is committed to improving the health and well-being of our community. We will elevate the health of our community by providing accessible, high quality and value based care.

Program Service Accomplishments

Program 1
Expenses: $108,962,532 Revenue: $122,697,106

The primary purpose of Monadnock Community Hospital (MCH) is to ensure access to quality health care for patients in our community, regardless of their ability to pay. The following is a summary of...

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The primary purpose of Monadnock Community Hospital (MCH) is to ensure access to quality health care for patients in our community, regardless of their ability to pay. The following is a summary of the services MCH provides in an effort to fulfill its mission, together with key program statistics for fiscal year 2024.Inpatient Services - Includes: adult stays, maternity/births, and swing bed nursing. During the fiscal year, the Hospital admitted 1,177 patients and recorded 3,325 patient days. Emergency Services - MCH offers health services 24 hours per day, 7 days per week. Responsible for the immediate treatment of any medical or surgical emergency; for initiating life saving procedures in all types of emergency situations; and for providing emergency and initial evaluations and treatment for other conditions including minor illnesses and injuries, and sub-acute medical problems. During the year, there were 13,400 visits to the ER. Physician Practices - Family health services, programs, and education are integral components of healthcare at MCH. Inpatient and outpatient primary care includes: medical, surgical, psychological and specialist services, provided by physicians and mid-level practitioners. These are located at the Hospital and its four satellite practices located in Antrim, Jaffrey, New Ipswich, and Rindge. During the year, 58,818 primary care office visits were recorded. Surgical Services - Includes same day and short-term inpatient surgery. MCH provides surgery in the areas of orthopaedics, general surgery, OB/GYN, ophthalmology, urology, ENT, and podiatry. In addition, the Hospital offers some non-surgical procedures including colonoscopies, gastroscopies, and pain management injections. During the fiscal year, 3,461 procedures were performed. Radiology and Diagnostics - MCH provides advanced radiological technology and extensive imaging services including: bone density, MRI, CT, nuclear medicine, ultrasound, mammography, and other diagnostic procedures, both inpatient and outpatient. During the fiscal year, 34,644 exams were performed. Rehabilitation Services - Additionally, MCH serves the people of the Monadnock Region through its medical rehabilitation and fitness services. MCH offers rehabilitation programs for cardiac and diabetic rehabilitation, along with pulmonary fitness, which feature educational and exercise components. We also provide physical and occupational therapy, as well as speech rehabilitation. During the fiscal year, 73,151 procedures were recorded for these services. Monadnock Community Hospital's Financial Grant Program provides assistance with hospital and/or physician bills for qualifying patients. In fiscal year 2024, the Organization recorded $891,000 in charges foregone based on established rates. The estimated cost incurred to provide these services was $ . In addition, Monadnock Community Hospital provided other services to the community at no cost or reduced cost, such as screenings and clinics. The cost of providing these services was approximately $17,260,000 in fiscal year 2024.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $829,431
Program Service Revenue $122,697,106
Investment Income $4,431,300
Other Revenue $50,897
TOTAL REVENUE $128,008,734

Expense Breakdown

Grants Paid $105,510
Salaries & Benefits $57,617,208
Fundraising Expenses $672,528
Program Expenses $108,962,532
Other Expenses $64,529,690
TOTAL EXPENSES $122,252,408

Year-over-Year Comparison

2023 2022 Change
Revenue $128,008,734 $114,350,269 +0.1%
Expenses $122,252,408 $107,296,594 +0.1%
Net Income $5,756,326 $7,053,675 -0.2%
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
16
Employees
687
Volunteers
83

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
7
$800,977
Total Directors
20
$2,049,031
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexander J Walker Esq Ex-Officio (voting) (end 3/2024) 3.00
Director
$0 $351,171 $1,068,695
Terrence McNamara DO Trustee/Physician 41.50
Director
$455,080 $37,929 $493,009
Cynthia McGuire Chief Executive Officer 55.00
Officer Director
$435,263 $52,064 $487,327
Peter Cerroni DMD Trustee 3.00
Director
$0 $0 $0
Casandra Clark Trustee 3.00
Director
$0 $0 $0
Jeffrey R Crocker Esq Trustee 3.00
Director
$0 $0 $0
Carolyn Garretson Trustee 3.00
Director
$0 $0 $0
Steve Kim Trustee (start 1/2024) 3.00
Director
$0 $0 $0
Eric Lasky MD Ex-Officio (voting) 3.00
Director
$0 $0 $0
Leslie Lewis Trustee 3.00
Director
$0 $0 $0
Stephen Lehmkuhl DO Ex-Officio (voting) 3.00
Director
$0 $0 $0
Ed Madigan Trustee (start 1/2024) 3.00
Director
$0 $0 $0
Greg Neilley MD Trustee (start 1/2024) 3.00
Director
$0 $0 $0
Michael Shea Trustee (end 1/2024) 3.00
Director
$0 $0 $0
Iris Waitt Trustee 3.00
Director
$0 $0 $0
James Callahan Esq Chair (end 1/2024); Trustee 3.00
Officer Director
$0 $0 $0
Paul Faber VC (end 1/24); Chair (start 1/24) 3.00
Officer Director
$0 $0 $0
Paula Hunter Trustee; Vice Chair (start 1/2024) 3.00
Officer Director
$0 $0 $0
Thomas S Bates CPA Treasurer 3.00
Officer Director
$0 $0 $0
Patricia Shuster Clerk 3.00
Officer Director
$0 $0 $0
Richard D Scheinblum VP Finance/CFO 50.00
Officer
$287,766 $25,884 $313,650
Vache Hambardzumyan MD Physician 41.50
Highest
$596,287 $29,310 $625,597
Derek Anderson MD Physician 41.50
Highest
$436,575 $39,479 $476,054
Daniel Perli MD Physician/Chief Medical Officer 50.00
Highest
$442,753 $18,202 $460,955
Shawn Harrington MD Physician 41.50
Highest
$401,907 $36,429 $438,336
Dmitry Tarasevich MD Physician 41.50
Highest
$396,554 $18,073 $414,627
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 $128,008,734 $122,252,408 $203,243,687 $5,756,326
2023 $114,350,269 $107,296,594 $178,215,506 $7,053,675
2022 $105,277,810 $98,839,362 $164,422,071 $6,438,448
2021 $101,127,836 $90,782,480 $175,868,092 $10,345,356
2020 $103,082,260 $92,089,045 $165,576,325 $10,993,215
2019 $96,510,126 $97,125,282 $136,807,429 $-615,156
2018 $101,747,336 $93,596,469 $130,171,265 $8,150,867
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