Solutionhealth

EIN: 830741190 501(c)(3) Health Care

Bedford, NH

Total Revenue
$162,531,262
Total Expenses
$162,531,262
Total Assets
$52,436,187
Net Assets
$28,574,226
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NH
Principal Officer
John E Friberg Jr
Phone
6036695300
Tax Period
2024-07-01 to 2025-06-30

Solutionhealth, founded in 2018, is a major nonprofit in the Health Care sector that reported $162.5M in total revenue in fiscal year 2024.

Mission

SolutionHealth is a highly coordinated community based regional health care network founded by Elliot Health System, Inc. and Southern New Hampshire Health System, Inc. Its purpose is to better serve the healthcare needs and interests in the specific communities served by Elliot and SNHH respectively, and southern New Hampshire as a region by improving and increasing access, quality, value and community benefits, while maintaining the affordability of healthcare.

Program Service Accomplishments

Program 1
Expenses: $151,410,170 Revenue: $162,513,802

SolutionHealth allows the Elliot Health System and the Southern New Hampshire Health System (the "Hospital Systems") to establish a regional healthcare organization in New Hampshire that combines...

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SolutionHealth allows the Elliot Health System and the Southern New Hampshire Health System (the "Hospital Systems") to establish a regional healthcare organization in New Hampshire that combines resources and skill-sets from both Hospital Systems. This strategic collaboration allows the two Hospital Systems to:- support and facilitate an integrated community-based, regional health care delivery system among the Hospital Systems;- align the missions and economic interests of the Hospital Systems to enhance care for the communities served;- engage in collaborative regional planning relating to the delivery of health care services in southern New Hampshire;- create a high degree of interdependence and cooperation in a health care network so as to control costs, increase value, ensure quality, and improve access in the communities served by the Hospital Systems;- enhance regional access for those served by the Hospital Systems;- support, protect and enhance the ability of the Hospital Systems to perform their existing historic charitable mission in the future; and- strengthen the charitable missions of the Hospital Systems, embracing a commitment to southern New Hampshire as a region.

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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 $17,460
Program Service Revenue $162,513,802
Investment Income $0
Other Revenue $0
TOTAL REVENUE $162,531,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,289,712
Fundraising Expenses $0
Program Expenses $151,410,170
Other Expenses $69,241,550
TOTAL EXPENSES $162,531,262

Year-over-Year Comparison

2024 2023 Change
Revenue $162,531,262 $158,374,673 +0.0%
Expenses $162,531,262 $164,999,950 0.0%
Net Income $0 $-6,625,277 -1.0%
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

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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
8
Independent Members
6
Employees
1037
Volunteers
9

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
7
$5,245,105
Total Directors
11
$1,812,667
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John E Friberg Esq Interim CEO 41.00
Officer Director
$1,072,488 $128,369 $1,200,857
Stephen Loosigian DO Trustee/Secretary 1.00
Officer Director
$0 $43,400 $611,810
Bobbie Bagley Trustee (end 1/2025) 1.00
Director
$0 $0 $0
Howard Brodsky Trustee (end 8/2024) 1.00
Director
$0 $0 $0
Joseph Laplante Trustee 1.00
Director
$0 $0 $0
Dianne Mercier Trustee (end 8/2024) 1.00
Director
$0 $0 $0
Martha E O'Neill Trustee 1.00
Director
$0 $0 $0
Charles Rolecek Trustee 1.00
Director
$0 $0 $0
Clifford Kinghorn Trustee 1.00
Director
$0 $0 $0
Charla Stevens Esq Trustee/Chair 1.00
Officer Director
$0 $0 $0
Timothy Whitaker Trustee/Treasurer 1.00
Officer Director
$0 $0 $0
William G Baxter Elliot Health President/CEO 1.00
Officer
$0 $186,453 $1,581,095
Michael Turilli SVP/CFO 41.00
Officer
$783,833 $123,201 $907,034
Colin T McHugh SNHHS President/CEO 1.00
Officer
$0 $55,104 $944,309
Kathleen Repoli VP Payer Relations & Revenue 40.00
Highest
$355,994 $19,787 $375,781
Alisha Feightner VP Operational Excellence 40.00
Highest
$356,649 $7,973 $364,622
Jessica Connare Executive Director Human Resources 40.00
Highest
$239,214 $50,827 $290,041
Rachel Wise VP Clinical Services Finance 40.00
Highest
$332,468 $19,690 $352,158
Jason Elliot SVP/Chief Human Resources Officer 40.00
Highest
$553,247 $49,271 $602,518
Bradley Kreick Former SH President & CEO (end 4/24) 0.00
$1,960,720 $48,561 $2,009,281
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 $162,531,262 $162,531,262 $52,436,187 No data
2024 No data No data No data No data
2023 $139,475,176 $141,501,590 $52,329,934 $-2,026,414
2022 $136,993,038 $138,186,899 $61,075,440 $-1,193,861
2021 $93,816,355 $93,850,857 $43,298,954 $-34,502
2020 $21,174,050 $21,245,627 $14,038,238 $-71,577
2018 $318,820 $318,820 No data No data
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