The New London Hospital Association Inc

EIN: 020222171 501(c)(3) Health Care

New London, NH

Total Revenue
$110,479,200
Total Expenses
$98,836,409
Total Assets
$145,555,314
Net Assets
$87,035,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
NH
Phone
6035262911
Tax Period
2024-07-01 to 2025-06-30

The New London Hospital Association Inc, founded in 1918, is a major nonprofit in the Health Care sector that reported $110.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $98.8M left a modest 11% surplus.

Mission

The mission of the New London Hospital Association is To continually improve the wellbeing of individuals in our region by providing high-quality healthcare to our communities.

Program Service Accomplishments

Program 1
Expenses: $88,208,589 Revenue: $107,277,615

NEW LONDON HOSPITAL ASSOCIATION, INC. (NLHA) IS THE PRINCIPAL PROVIDER OF PRIMARY AND SECONDARY HEALTH CARE FOR 15 TOWNS IN SULLIVAN AND MERRIMACK COUNTIES IN NEW HAMPSHIRE. THE HOSPITAL PROVIDES...

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NEW LONDON HOSPITAL ASSOCIATION, INC. (NLHA) IS THE PRINCIPAL PROVIDER OF PRIMARY AND SECONDARY HEALTH CARE FOR 15 TOWNS IN SULLIVAN AND MERRIMACK COUNTIES IN NEW HAMPSHIRE. THE HOSPITAL PROVIDES ACUTE AND PRIMARY HEALTH CARE - FROM EMERGENCY SERVICES TO FAMILY MEDICAL PRACTICE TO SURGICAL CARE AND ESSENTIAL WELLNESS AND PREVENTION SERVICES FOR THE 33,000 RESIDENTS IN ITS SERVICE AREA, A SIGNIFICANT PORTION OF WHOM ARE UNINSURED, UNDER-INSURED, AND/OR DEPENDENT ON MEDICAID/MEDICARE BENEFITS. THIS INCLUDES A LARGELY ELDERLY POPULATION AND A SIGNIFICANT NUMBER OF RURAL, LOW-INCOME FAMILIES. NLHA EMPLOYED 36 PROVIDERS IN FISCAL YEAR 2025, OF WHICH 19 WERE PRIMARY CARE AND PEDIATRICS, AND 17 WERE SPECIALTY PROVIDERS COVERING ANESTHESIOLOGY, EMERGENCY MEDICINE, AND HOSPITALISTS. DURING FISCAL YEAR 2025, NLHA HAD A TOTAL OF 1,889 DISCHARGES, CONSISTING OF 6,843 PATIENT DAYS AND ATTENDED TO 18,798 EMERGENCY ROOM VISITS.

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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 $1,168,310
Program Service Revenue $107,130,522
Investment Income $1,463,110
Other Revenue $717,258
TOTAL REVENUE $110,479,200

Expense Breakdown

Grants Paid $7,094
Salaries & Benefits $61,507,038
Fundraising Expenses $301,830
Program Expenses $88,208,589
Other Expenses $37,322,277
TOTAL EXPENSES $98,836,409

Year-over-Year Comparison

2024 2023 Change
Revenue $110,479,200 $100,074,911 +0.1%
Expenses $98,836,409 $93,535,430 +0.1%
Net Income $11,642,791 $6,539,481 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
22
Independent Members
15
Employees
583
Volunteers
46

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
8
$1,464,100
Total Directors
24
$3,967,830
Key Employees
2
$537,672
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Rastallis Trustee / Secretary 0.5
Officer Director
$0 $0 $0
John Hollinger Trustee/Chair 0.5
Officer Director
$0 $0 $0
Karen Bonewald Trustee / Treasurer 0.5
Officer Director
$0 $0 $0
Lauren Geddes Wirth MD Trustee/President/CEO-Interim Ex-officio 40.0
Officer Director
$312,880 $61,066 $487,939
Lisa Rubenberg Trustee/Medical Staff President (as of 1/1/25) 40.0
Officer Director
$256,369 $60,194 $316,563
Michael Madan MD Trustee / Medical Staff President (through 12/31/24) 40.0
Officer Director
$380,655 $23,292 $403,947
Steve Allenby Trustee/Vice Chair 0.5
Officer Director
$0 $0 $0
Casey Biuso Trustee 0.5
Director
$0 $0 $0
Christopher Martin Trustee 0.5
Director
$0 $0 $0
Craig W Beck Trustee 0.5
Director
$0 $77,555 $462,284
Jean Ten Haken MSN RN CENP Trustee (through 5/21/25) 0.5
Director
$0 $17,422 $292,167
John Kirk Trustee / Physician 2.0
Director
$0 $0 $0
Kate Hoyt Trustee 0.5
Director
$0 $0 $0
Keith Barrett Trustee 0.5
Director
$0 $0 $0
MARK PITKIN TRUSTEE 0.5
Director
$0 $0 $0
Matthew Haag Trustee 0.5
Director
$0 $43,749 $561,337
Michael Jarzombek PsyD Trustee 0.5
Director
$0 $0 $0
Michael Liberty Trustee 0.5
Director
$0 $0 $0
Peter NICHOLS Trustee 0.5
Director
$0 $0 $0
Robert Friedlander Jr Trustee 0.5
Director
$0 $0 $0
Sally Kraft MD Trustee 40.0
Director
$0 $48,259 $408,498
Samuel Shields Trustee 0.5
Director
$0 $30,060 $429,207
Shannon MacMichael Trustee 0.5
Director
$0 $0 $0
Wendy Fielding Trustee 0.5
Director
$0 $68,364 $605,888
Lisa Cohen CHIEF FINANCIAL OFFICER 40.0
Officer
$224,608 $31,043 $255,651
Karen Beinhaur Chief Nursing Officer 40.0
Key Emp
$214,509 $52,049 $266,558
Lori Underwood Chief Operating Officer 40.0
Key Emp
$221,855 $49,259 $271,114
Brian Frenkiewich Physician 40.0
Highest
$389,463 $62,886 $452,349
Champa Abeysinghe Physician 40.0
Highest
$306,666 $32,316 $338,982
Pineal Bekere Physician 40.0
Highest
$275,561 $18,564 $294,125
Stephen Bissah MD PHYSICIAN 40.0
Highest
$414,855 $64,958 $479,813
Stephen Jumper Physician 40.0
Highest
$275,162 $18,564 $293,726
Martin T Manion Former CEO 0.0
$0 $22,728 $520,572
Susan A Reeves EDD RN Former Vice Chair 0.0
$0 $12,996 $229,592
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 $110,479,200 $98,836,409 $145,555,314 $11,642,791
2024 No data No data No data No data
2023 $94,507,808 $86,687,314 $118,204,798 $7,820,494
2022 $87,575,230 $79,301,140 $114,735,565 $8,274,090
2021 $67,135,747 $71,974,350 $114,149,276 $-4,838,603
2020 $65,376,393 $66,548,719 $104,740,465 $-1,172,326
2019 $66,136,326 $64,045,333 $88,540,634 $2,090,993
2018 $65,480,330 $65,414,032 $87,292,728 $66,298
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