Concord Hospital - Laconia (EIN 851443782) - 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

2020

Legal Domicile

Principal Officer

Robert P Steigmeyer

Phone

6032284677

Tax Period

2023-10-01 to 2024-09-30

Concord Hospital - Laconia, founded in 2020, is a major nonprofit in the Health Care sector that reported $140.5M in total revenue in fiscal year 2023.

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,122,743

Program Service Revenue $139,255,990

Investment Income $80,208

Other Revenue $27,134

TOTAL REVENUE $140,486,075

Expense Breakdown

Grants Paid $895

Salaries & Benefits $88,020,903

Fundraising Expenses $264,161

Program Expenses $129,071,845

Other Expenses $65,588,781

TOTAL EXPENSES $153,610,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,486,075	$139,887,290	+0.0%
Expenses	$153,610,579	$150,570,506	+0.0%
Net Income	$-13,124,504	$-10,683,216	+0.2%

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

1087

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

$2,749,404

Total Directors

$1,901,942

Key Employees

$2,423,818

Highest Compensated

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
William Chapman Esq	Secretary (end 1/2024)	1.00	Officer Director	$0	$0	$0
Lucy Hodder Esq	Secretary	1.00	Officer Director	$0	$0	$0
Scott Sloane	Senior VP, CFO, & Treasurer	1.00	Officer	$0	$154,062	$847,462
Mary Bakken	System Chief Operating Officer	1.00	Key Emp	$0	$145,242	$847,542
Matthew Gibb MD	Chief Clinical Officer	1.00	Key Emp	$0	$126,234	$997,316
Kevin McCarthy	Chief Administrative Officer	1.00	Key Emp	$0	$104,369	$578,960
Christopher Weinmann MD	Physician	50.00	Highest	$0	$38,601	$609,462
David Croasdale MD	Physician	50.00	Highest	$0	$13,301	$487,961
Tajammul Shafique MD	Physician	50.00	Highest	$0	$42,600	$510,212
Stephen Marshall MD	Physician	50.00	Highest	$0	$44,194	$506,533
Krista Hachey MD	Physician	50.00	Highest	$0	$17,063	$419,261

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	$140,486,075	$153,610,579	$55,120,961	$-13,124,504
2023	$139,887,290	$150,570,506	$60,120,009	$-10,683,216
2022	$143,628,883	$154,027,396	$62,507,843	$-10,398,513
2021	$53,154,882	$60,696,774	$50,420,745	$-7,541,892

Concord Hospital - Laconia