MORRISON HOSPITAL ASSOCIATION (EIN 020262504) - 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

1963

Legal Domicile

Principal Officer

DOUGLAS SHEARER

Phone

6038372541

Tax Period

2023-10-01 to 2024-09-30

MORRISON HOSPITAL ASSOCIATION, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $11.7M in total revenue in fiscal year 2023. Expenses of $13.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SERVE NORTHERN NEW HAMPSHIRE AND VERMONT IN PROVIDED NURSING CARE, ASSISTED LIVING, INDEPENDENT LIVING AND OTHER MEDICAL CARE.

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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 $149,681

Program Service Revenue $11,164,091

Investment Income $377,885

Other Revenue $0

TOTAL REVENUE $11,691,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,301,708

Fundraising Expenses $0

Program Expenses $12,270,591

Other Expenses $5,312,528

TOTAL EXPENSES $13,614,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,691,657	$11,358,429	+0.0%
Expenses	$13,614,236	$14,010,622	0.0%
Net Income	$-1,922,579	$-2,652,193	-0.3%

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

247

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

$273,873

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS SHEARER TO DECEMBER 2023	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN FOGG FROM DECEMBER 2023	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAPHNE CASSADY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICH ROCHEFORT TO DECEMBER 2023	TREASURER	2.00	Officer Director	$0	$0	$0
CELESTE PITTS FROM DECEMBER 2023	TREASURER	2.00	Officer Director	$0	$0	$0
KEITH KOPP	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY BARKER	TRUSTEE	2.00	Director	$0	$0	$0
TAMMY DUBREUIL	TRUSTEE	2.00	Director	$0	$0	$0
DONNA LAURENT	TRUSTEE	2.00	Director	$0	$0	$0
WENDY MUELLO MD	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA YUNGHANS	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN BEATTIE MD	TRUSTEE	2.00	Director	$0	$0	$0
SHANNON LYNCH	EXECUTIVE DIRECTOR	40.00	Officer	$173,598	$27,722	$201,320
JENNIFER FISH	FINANCE DIRECTOR	40.00	Officer	$0	$0	$0
STEPHANIE IRWIN	FINANCE DIRECTOR	40.00	Officer	$58,750	$13,803	$72,553
SARAL DAVIS	THERAPY DIRECTOR	40.00	Highest	$110,221	$30,908	$141,129
LOUIS DEGRAY	DIRECTOR OF NURSING	40.00	Highest	$105,552	$11,495	$117,047

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	No data	No data	No data	No data
2024	$11,691,657	$13,614,236	$26,976,083	$-1,922,579
2023	$11,358,429	$14,010,622	$28,129,982	$-2,652,193
2022	$12,290,092	$12,419,513	$30,208,947	$-129,421
2021	$12,456,887	$11,652,372	$32,178,020	$804,515
2020	$10,435,637	$11,352,003	$34,052,183	$-916,366
2019	$8,550,117	$10,191,411	$33,408,455	$-1,641,294
2018	$7,225,648	$7,828,594	$34,093,309	$-602,946

MORRISON HOSPITAL ASSOCIATION