Concord Hospital - Franklin

EIN: 851433123 501(c)(3) Health Care

Concord, NH

Total Revenue
$39,969,987
Total Expenses
$26,710,644
Total Assets
$43,045,897
Net Assets
$38,031,379
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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
2020
Legal Domicile
NH
Principal Officer
Robert P Steigmeyer
Phone
6032284677
Tax Period
2023-10-01 to 2024-09-30

Concord Hospital - Franklin, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $40.0M in total revenue in fiscal year 2023. The organization ran a surplus of $13.3M, a strong 33% operating margin.

Mission

Hospital

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,344
Program Service Revenue $39,950,544
Investment Income $17,099
Other Revenue $0
TOTAL REVENUE $39,969,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,826,893
Fundraising Expenses $45,089
Program Expenses $22,522,180
Other Expenses $11,883,751
TOTAL EXPENSES $26,710,644

Year-over-Year Comparison

2023 2022 Change
Revenue $39,969,987 $37,852,371 +0.1%
Expenses $26,710,644 $28,622,927 -0.1%
Net Income $13,259,343 $9,229,444 +0.4%
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
6
Independent Members
5
Employees
179
Volunteers
6

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
$2,749,404
Total Directors
7
$1,901,942
Key Employees
3
$2,423,818
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Steigmeyer President & CEO, Member Ex-Officio 1.00
Officer Director
$0 $316,861 $1,901,942
Lucy Karl Esq Trustee 1.00
Director
$0 $0 $0
Robert Segal Trustee 1.00
Director
$0 $0 $0
Manisha Patel DDS Chair 1.00
Officer Director
$0 $0 $0
Charles Fanaras Vice Chair 1.00
Officer Director
$0 $0 $0
Lucy Hodder Esq Secretary 1.00
Officer Director
$0 $0 $0
William Chapman Esq Secretary (end 1/2024) 1.00
Officer Director
$0 $0 $0
Scott Sloane Senior VP, CFO, & Treasurer 1.00
Officer
$0 $154,062 $847,462
Matthew Gibb MD Chief Clinical Officer 1.00
Key Emp
$0 $126,234 $997,316
Mary Bakken System Chief Operating Officer 1.00
Key Emp
$0 $145,242 $847,542
Kevin McCarthy Chief Administrative Officer 1.00
Key Emp
$0 $104,369 $578,960
Te-ana Harris MD Physician 50.00
Highest
$0 $34,148 $308,113
Ana Silvia Hernandez Aviles MD Physician 50.00
Highest
$0 $42,016 $246,574
Jo-Ann Lopez Valles MD Physician 50.00
Highest
$0 $45,091 $235,321
Melissa Hanrahan MD Physician 50.00
Highest
$0 $51,201 $314,138
Mary Abigail Dacuycuy MD Physician 50.00
Highest
$0 $54,306 $245,427
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 $39,969,987 $26,710,644 $43,045,897 $13,259,343
2023 $37,852,371 $28,622,927 $30,909,813 $9,229,444
2022 $33,485,171 $31,129,884 $16,651,021 $2,355,287
2021 $12,542,316 $9,618,250 $4,560,201 $2,924,066
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