Cheshire Medical Center

EIN: 020354549 501(c)(3) Health Care

Keene, NH

Total Revenue
$348,026,480
Total Expenses
$340,012,110
Total Assets
$157,394,231
Net Assets
$91,363,137
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NH
Phone
6033545400
Tax Period
2024-07-01 to 2025-06-30

Cheshire Medical Center, founded in 1980, is a major nonprofit in the Health Care sector that reported $348.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The mission of Cheshire Medical Center is to deliver compassionate and exceptional care to all we serve.

Program Service Accomplishments

Program 1
Expenses: $320,681,048 Revenue: $332,319,008

CHESHIRE MEDICAL CENTER (CHESHIRE) IS A COMMUNITY HOSPITAL LOCATED IN KEENE, NEW HAMPSHIRE. CHESHIRE IS A NOT-FOR-PROFIT ORGANIZATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE...

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CHESHIRE MEDICAL CENTER (CHESHIRE) IS A COMMUNITY HOSPITAL LOCATED IN KEENE, NEW HAMPSHIRE. CHESHIRE IS A NOT-FOR-PROFIT ORGANIZATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE HOSPITAL IS A MEMBER OF THE DARTMOUTH HEALTH SYSTEM ("DH"), A NOT-FOR-PROFIT TAX-EXEMPT CORPORATION WITH A PRINCIPAL PLACE OF BUSINESS AT ONE MEDICAL CENTER DRIVE, LEBANON, NEW HAMPSHIRE. CONSISTENT WITH THE DH VISION AND STRATEGY TO CREATE A SUSTAINABLE HEALTH SYSTEM, CHESHIRE AND DH SHARE A COMMON COMMITMENT TO IMPROVING POPULATION HEALTH, VALUE-BASED CARE, AND CREATING NEW PAYMENT MODELS FOR THE BENEFIT OF THE CITIZENS OF NEW HAMPSHIRE AND VERMONT. CHESHIRE PROVIDES A BROAD RANGE OF PATIENT SERVICES AND HEALTH-RELATED COMMUNITY SERVICES, CONSISTENT WITH ITS ROLE AS A COMMUNITY HOSPITAL. THESE INCLUDE A FULL RANGE OF SERVICES IN BOTH ACUTE AND CRITICAL MEDICINE, SURGERY, AND REHABILITATION. DURING FY25, CHESHIRE PROVIDED 228,060 PROVIDER VISITS AND HAD 3,769 HOSPITAL ADMISSIONS AND DISCHARGES. THE EMERGENCY DEPARTMENT WAS OPEN TO THE PUBLIC 24 HOURS PER DAY, 7 DAYS PER WEEK AND HAD 21,996 ER PATIENT VISITS. THERE ARE A TOTAL OF 259 PROVIDERS CONSISTING OF 149 PHYSICIANS AND 110 ASSOCIATE PROVIDERS. EACH YEAR, CHESHIRE MEDICAL CENTER FILES AN ANNUAL COMMUNITY BENEFIT REPORT WITH THE STATE OF NEW HAMPSHIRE WHICH OUTLINES THE COMMUNITY AND CHARITABLE BENEFITS CHESHIRE PROVIDES. THE MOST RECENT COMMUNITY BENEFIT REPORTS ARE AVAILABLE UPON REQUEST OR CAN BE FOUND ON CHESHIRE'S WEBSITE (https://www.cheshiremed.org/about/community-benefits-reporting). During FY2025, Cheshire's Community Benefit priorities centered around improving healthcare access in rural communities, behavioral health supports, substance use disorder prevention and supports, and aging population services. IN TOTAL, CHESHIRE PROVIDED more than $17 MILLION IN COMMUNITY BENEFITS INCLUDING UNREIMBURSED CHARITY CARE, HEALTH SERVICES, HEALTH PROFESSION EDUCATION, SUBSIDIZED HEALTH SERVICES, AND COMMUNITY-BUILDING ACTIVITIES. THESE CONTRIBUTIONS ARE IN ADDITION TO THE OVER $49 MILLION DOLLARS IN UNREIMBURSED MEDICARE COSTS ABSORBED BY CHESHIRE.

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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 $12,775,639
Program Service Revenue $332,208,534
Investment Income $87,467
Other Revenue $2,954,840
TOTAL REVENUE $348,026,480

Expense Breakdown

Grants Paid $111,263
Salaries & Benefits $132,588,221
Fundraising Expenses $493,633
Program Expenses $320,681,048
Other Expenses $207,312,626
TOTAL EXPENSES $340,012,110

Year-over-Year Comparison

2024 2023 Change
Revenue $348,026,480 $307,906,797 +0.1%
Expenses $340,012,110 $312,590,986 +0.1%
Net Income $8,014,370 $-4,684,189 -2.7%
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
15
Independent Members
7
Employees
1232
Volunteers
84

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
11
$2,509,783
Total Directors
20
$5,231,734
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Smith Trustee / Vice Chair (through 11/14/24) 1.0
Officer Director
$0 $0 $0
Elizabeth Cotter Trustee/Secretary 1.0
Officer Director
$0 $0 $0
Joseph L Perras MD Trustee/CEO/President ex-officio 40.0
Officer Director
$0 $54,269 $624,309
Leslie Pitts MD Trustee/Ex-Officio Med. Staff Pres (through 10/31/24) 0.5
Officer Director
$0 $68,441 $361,857
Mark Bodin Trustee / Treasurer 1.0
Officer Director
$0 $0 $0
MARK GAVIN TRUSTEE / Chair 1.0
Officer Director
$0 $0 $0
Serena Shomody Trustee/Med Staff Pres. (as of 11/1/24) 40.0
Officer Director
$0 $54,756 $383,690
Alan Kintisch Trustee (as of 8/22/24) 0.5
Director
$0 $0 $0
Andrew G Tremblay MD TRUSTEE 1.0
Director
$0 $65,144 $372,680
Barbara Duckett Trustee 0.5
Director
$0 $0 $0
Cherie Holmes MD Trustee 0.5
Director
$0 $52,481 $439,877
Gina OBrien MD Trustee 0.5
Director
$0 $28,237 $472,221
Maria Padin MD TRUSTEE (through 12/31/24) 1.0
Director
$0 $68,542 $667,837
Michael Chelstowski Trustee 0.5
Director
$0 $0 $0
Michael Farhm Trustee (through 3/19/25) 0.5
Director
$0 $0 $0
Michael Waters Trustee / DH Treasurer 0.5
Director
$0 $34,419 $409,289
Robert Palmer Trustee (through 1/17/25) 0.5
Director
$0 $0 $0
Stephen LeBlanc Trustee 0.5
Director
$0 $69,299 $1,085,410
SUSAN ABERT TRUSTEE 1.0
Director
$0 $0 $0
Teresa Malcolm MD Trustee (as of 4/01/25) 0.5
Director
$0 $61,286 $414,564
Anne Tyrol Chief Nursing Officer 40.0
Officer
$251,503 $43,822 $295,325
AnnMarie Coppo Interim CFO (through 4/28/25) 40.0
Officer
$162,388 $48,409 $210,797
Kathryn F Willbarger COO 40.0
Officer
$339,266 $36,825 $376,091
Todd Roberts CFO (as of 4/28/25) 40.0
Officer
$0 $15,534 $257,714
Christy Lambert RN-First Assist 40.0
Highest
$178,785 $25,167 $203,952
Erli Chen PHYSICiST 40.0
Highest
$269,933 $38,796 $308,729
Lisa Hanamoto RN Baylor-WN-IP/PRCD 40.0
Highest
$188,016 $26,550 $214,566
Matthew Borden Pharmacist 40.0
Highest
$183,369 $11,858 $195,227
Sandra M Phipps VP PHILANTHROPY/COMM RELATIONS 40.0
Highest
$184,852 $33,176 $218,028
Daniel Gross Former Chief Financial Officer 0.0
$145,799 $20,592 $166,391
Jennifer L DiNubila DO Former Med Staff Pres. 0.0
$0 $14,275 $114,506
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 $348,026,480 $340,012,110 $157,394,231 $8,014,370
2024 No data No data No data No data
2023 $263,584,484 $287,817,174 $146,820,184 $-24,232,690
2022 $264,934,375 $271,130,920 $152,302,112 $-6,196,545
2021 $247,398,804 $240,795,064 $168,346,405 $6,603,740
2020 $225,659,551 $239,728,736 $185,465,067 $-14,069,185
2019 $227,976,248 $218,241,706 $128,808,055 $9,734,542
2018 $210,426,594 $216,121,643 $125,320,625 $-5,695,049
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