Southern New Hampshire Medical Center (EIN 020483054) - 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

1892

Legal Domicile

Principal Officer

Colin T McHugh

Phone

6035772000

Tax Period

2024-07-01 to 2025-06-30

Southern New Hampshire Medical Center, founded in 1892, is a major nonprofit in the Health Care sector that reported $430.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $69.3M, a strong 16% operating margin.

Mission

Southern New Hampshire Medical Center is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve.

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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 (2024)

Revenue Breakdown

Contributions & Grants $183,834

Program Service Revenue $418,629,985

Investment Income $6,152,972

Other Revenue $5,327,208

TOTAL REVENUE $430,293,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,527,689

Fundraising Expenses $0

Program Expenses $317,465,002

Other Expenses $211,430,226

TOTAL EXPENSES $360,957,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,293,999	$380,379,344	+0.1%
Expenses	$360,957,915	$332,904,426	+0.1%
Net Income	$69,336,084	$47,474,918	+0.5%

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

1881

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

$3,345,090

Total Directors

$3,361,163

Key Employees

$734,393

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colin T McHugh	SNHMC President/CEO/Secretary	43.00	Officer Director	$889,205	$55,104	$944,309
Karen Maynard MD	Trustee	2.00	Director	$0	$61,863	$703,083
Brett Sweeney MD	Trustee	42.00	Director	$443,030	$21,084	$464,114
John E Friberg Esq	Interim CEO, SolutionHealth	2.00	Officer Director	$0	$128,369	$1,200,857
Marc Sadowsky	Trustee (end 12/2024)	2.00	Director	$48,800	$0	$48,800
Melliyal Annamalai	Trustee	2.00	Director	$0	$0	$0
Peter Apostolicas	Trustee (start 12/2024)	2.00	Director	$0	$0	$0
Bobbie D Bagley	Trustee	2.00	Director	$0	$0	$0
Heather Bender	Trustee (start 12/2024)	2.00	Director	$0	$0	$0
Sister Paula Marie Buley	Trustee	2.00	Director	$0	$0	$0
Alonzo DeBerry	Trustee	2.00	Director	$0	$0	$0
Helen Honorow Esq	Trustee	2.00	Director	$0	$0	$0
K Brian McLaughlin	Trustee (end 10/2024)	2.00	Director	$0	$0	$0
Eitan Zeira	Trustee	2.00	Director	$0	$0	$0
Craig Fitzgerald	Chair	2.00	Officer Director	$0	$0	$0
The Hon Joseph N Laplante	Vice Chair	2.00	Officer Director	$0	$0	$0
Mark William Begor Jr	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Turilli	SVP/CFO, SolutionHealth	2.00	Officer	$0	$123,201	$907,034
Kenneth Matsis	VP Finance, Southern NH Health	40.00	Officer	$0	$34,880	$292,890
Salvatore Vella Jr	Chief Medical Officer	20.00	Key Emp	$0	$59,217	$734,393
Joseph M Leahy DO	Physician	40.00	Highest	$722,805	$66,515	$789,320
Susan T Santana	SVP/Chief Nursing Officer	40.00	Highest	$463,095	$16,481	$479,576
Patrick Lee MD	Physician	40.00	Highest	$391,431	$60,143	$451,574
Linda Hatch MD	Physician	40.00	Highest	$330,528	$54,088	$384,616
Erica Lavoie	Physician	40.00	Highest	$393,652	$3,174	$396,826

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	$430,293,999	$360,957,915	$478,249,276	$69,336,084
2024	$380,379,344	$332,904,426	$431,302,604	$47,474,918
2023	$313,157,281	$294,741,343	$412,365,259	$18,415,938
2022	$313,798,950	$262,122,124	$437,025,715	$51,676,826
2021	$285,384,127	$246,609,751	$499,808,183	$38,774,376
2020	$262,407,741	$222,857,131	$464,724,660	$39,550,610
2018	$264,814,323	$209,581,061	$414,067,791	$55,233,262

Southern New Hampshire Medical Center