Mary and John Elliot Charitable Foundation

EIN: 020512229 501(c)(3) Health Care

Manchester, NH

Total Revenue
$4,380,836
Total Expenses
$3,747,523
Total Assets
$22,686,336
Net Assets
$22,469,866
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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
2001
Legal Domicile
NH
Principal Officer
William G Baxter
Phone
6036638977
Tax Period
2024-07-01 to 2025-06-30

Mary and John Elliot Charitable Foundation, founded in 2001, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 14% surplus.

Mission

To support the immediate and ongoing resource needs of the Elliot Health System.

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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 $2,218,333
Program Service Revenue $0
Investment Income $873,587
Other Revenue $1,288,916
TOTAL REVENUE $4,380,836

Expense Breakdown

Grants Paid $2,542,064
Salaries & Benefits $0
Fundraising Expenses $91,506
Program Expenses $3,533,593
Other Expenses $1,180,229
TOTAL EXPENSES $3,747,523

Year-over-Year Comparison

2024 2023 Change
Revenue $4,380,836 $3,935,529 +0.1%
Expenses $3,747,523 $1,332,636 +1.8%
Net Income $633,313 $2,602,893 -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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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

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Governance

Voting Members
20
Independent Members
17
Employees
N/A
Volunteers
17

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
6
$2,714,219
Total Directors
20
$2,444,645
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William G Baxter President & CEO 1.00
Officer Director
$0 $186,453 $1,581,095
Holly Mintz Trustee 1.00
Director
$0 $72,466 $755,089
Priscilla Webler Trustee (start 9/2024) 1.00
Director
$0 $14,139 $108,461
Kristy Blundell APRN Trustee (start 3/2025) 1.00
Director
$0 $0 $0
Kelly Comeau Trustee 1.00
Director
$0 $0 $0
Louise Forseze Trustee 1.00
Director
$0 $0 $0
Jeff Guerette Trustee 1.00
Director
$0 $0 $0
Mark Hagopian Trustee 1.00
Director
$0 $0 $0
Keith Janca Trustee 1.00
Director
$0 $0 $0
Shilpi Mehrotra Trustee 1.00
Director
$0 $0 $0
Selma Naccach-Hoff Trustee 1.00
Director
$0 $0 $0
Richard Rawlings Trustee 1.00
Director
$0 $0 $0
Charles F Rolecek Trustee 1.00
Director
$0 $0 $0
Elliot Smith Trustee 1.00
Director
$0 $0 $0
Kurt Strandson Trustee 1.00
Director
$0 $0 $0
Thomas Sullivan Trustee 1.00
Director
$0 $0 $0
James J Tenn Jr Esquire Trustee 1.00
Director
$0 $0 $0
David Bellman Chair/Trustee 1.00
Officer Director
$0 $0 $0
Charles Goodwin Vice Chair/Trustee 1.00
Officer Director
$0 $0 $0
Adrienne Rupp Secretary/Trustee 1.00
Officer Director
$0 $0 $0
Michael Turilli SVP/CFO, SolutionHealth 1.00
Officer
$0 $123,201 $907,034
Kelli Rafferty VP & Chief Philanthropy Officer 40.00
Officer
$0 $19,381 $226,090
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 $4,380,836 $3,747,523 $22,686,336 $633,313
2024 No data No data No data No data
2023 $3,259,633 $2,886,789 $30,852,100 $372,844
2022 $5,562,026 $3,843,484 $28,783,798 $1,718,542
2021 $4,554,091 $2,528,504 $30,153,591 $2,025,587
2020 $12,063,225 $7,084,968 $25,180,391 $4,978,257
2019 $12,178,687 $4,655,148 $20,587,544 $7,523,539
2018 $6,611,802 $4,575,401 $12,764,856 $2,036,401
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