Memorial Hospital Foundation at No… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

Tricia Costigan

Phone

6033560613

Tax Period

2023-10-01 to 2024-09-30

Memorial Hospital Foundation at North Conway Inc, founded in 2013, is a small nonprofit in the Health Care sector that reported $473K in total revenue in fiscal year 2023. The organization ran a surplus of $434K, a strong 92% operating margin.

Mission

TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH. TO HOLD AND MANAGE PROPERTY FOR THE TAX-EXEMPT USES IN DIRECT FURTHERANCE (CONTINUED ON SCHEDULE O)OF THE HOSPITAL'S PURPOSES, AND TO RAISE AND DISTRIBUTE FUNDS TO THE HOSPITAL IN SUPPORT OF ITS PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $38,259 Revenue: $160,571

WITH OVER 100 YEARS OF HISTORY, MEMORIAL HOSPITAL IS A THRIVING, RURAL COMMUNITY HOSPITAL THAT PROVIDES AN EXTENSIVE ARRAY OF HEALTHCARE SERVICES FOR THE RESIDENTS OF MOUNT WASHINGTON VALLEY AND THE MILLIONS OF TOURISTS WHO VISIT OUR REGION EVERY YEAR. AS A NON-PROFIT ORGANIZATION, MEMORIAL HOSPITAL IS DEPENDENT UPON PHILANTHROPIC SUPPORT TO PROVIDE THE HIGHEST QUALITY OF HEALTHCARE AVAILABLE. THE MEMORIAL HOSPITAL FOUNDATION WAS CREATED IN 2013 AS THE FUNDRAISING VEHICLE FOR THE HOSPITAL. THE FOUNDATION REINVESTS INTO THE COMMUNITY WE SERVE BY SUPPORTING THE CAPITAL NEEDS AND SPECIAL PROJECTS OF THE HOSPITAL THROUGH PHILANTHROPY BY:-FOSTERING A CULTURE THAT PROVIDES AN EXPERIENCE THAT EXCEEDS EXPECTATIONS -BUILDING STRONG RELATIONSHIPS THAT IMPROVE COMMUNITY HEALTH PROGRAMS AND THE OVERALL STATUS OF HEALTH IN OUR COMMUNITY -ACHIEVING LONG-TERM VIABILITY BY SUPPORTING FINANCIAL NEEDS IN A RAPIDLY CHANGING HEALTHCARE ENVIRONMENT EVERY GIFT MADE TO THE MEMORIAL HOSPITAL FOUNDATION, NO MATTER HOW LARGE OR SMALL, IS HONORED AND WILL GO DIRECTLY TOWARD HELPING IMPROVE THE HEALTHCARE OF OUR COMMUNITY, FOR LOCALS AND GUESTS ALIKE. THE FOUNDATION STRIVES EQUALLY TO BE RELIABLE STEWARDS OF OUR DONORS' FINANCIAL COMMITMENTS TO US BY ADHERING TO PHILANTHROPY'S HIGHEST ETHICAL STANDARDS AND BEST KNOWN PRACTICES.

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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 $150,916

Program Service Revenue $0

Investment Income $328,922

Other Revenue $-7,328

TOTAL REVENUE $472,510

Expense Breakdown

Grants Paid $700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,259

Other Expenses $37,559

TOTAL EXPENSES $38,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,510	$476,226	0.0%
Expenses	$38,259	$79,654	-0.5%
Net Income	$434,251	$396,572	+0.1%

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

N/A

Volunteers

N/A

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

$547,049

Total Directors

$3,062,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Mueller MD	CEO and President, MH/Trustee	1.00	Director	$0	$55,268	$2,277,317
David Hoeft	Physician/Trustee	1.00	Director	$0	$49,539	$311,972
Mary Vigeant	Nurse Practitioner/Trustee	1.00	Director	$0	$30,454	$251,406
Steve Boyle	Trustee	1.00	Director	$0	$0	$0
Greg Frizzell	Former Trustee	1.00	Director	$0	$0	$0
Tim Scott	Trustee	1.00	Director	$0	$0	$0
Alec Tarberry	Former Trustee	1.00	Director	$0	$0	$0
Christine Thompson	Trustee	1.00	Director	$0	$0	$0
Rachael Brown	Trustee	1.00	Director	$0	$0	$0
Jill Berry Bowen	Frmr Interim President/Frmr Trustee	1.00	Officer Director	$0	$4,006	$221,651
Bradley Chapman	President/Trustee	1.00	Officer Director	$0	$0	$0
Michelle O'Donnell	Board Chair	1.00	Officer Director	$0	$0	$0
Chris Perley	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Linda Terry	Board Treasurer	1.00	Officer Director	$0	$0	$0
Corinne Ray	Board Secretary	1.00	Officer Director	$0	$0	$0
Diana McLaughlin	Chief Financial Officer	1.00	Officer	$0	$58,344	$325,398
Art Mathisen	Frmr President/Frmr Trustee	0.00		$0	$15,681	$299,120

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
2024	$472,510	$38,259	$7,892,773	$434,251
2023	$476,226	$79,654	$6,879,287	$396,572
2022	$-64,418	$65,264	$6,222,312	$-129,682
2021	$301,314	$55,483	$7,146,795	$245,831
2020	$1,233,256	$83,377	$6,139,758	$1,149,879
2019	$-234,860	$77,226	$10,943,990	$-312,086
2018	$435,829	$97,987	$10,897,223	$337,842

Memorial Hospital Foundation at North Conway Inc