Concord Hospital Inc
83% goes to programs $15 to raise $100 Strong reserves
Concord Hospital Inc is a 501(c)(3) organization based in Concord, New Hampshire, registered in 1987, with $710,596,540 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
250 Pleasant St, Concord, NH, 03301 EIN 22-2594672 Since 1987
Revenue (FY2023)
$710.6M
▲ 14.0% vs prior year
Health median: $840K
Expenses (FY2023)
$661.8M
Net assets
$581.4M
Employees
5,420
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $15 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Concord Hospital Inc: 83% to programs · $15 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Concord Hospital Inc: 11 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Concord Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Concord Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Hospital
Contact & location
- Address
- 250 Pleasant St, Concord, NH, 03301
- City
- Concord
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $448.8M (FY2013) to $710.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $388.4MNet assets $581.4M
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$969.8M
Total liabilities
$388.4M
Net assets
$581.4M
Salaries & benefits
$393.3M
59% of expenses
Board members
17
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $710,596,540▲14.0% | $661,827,398▲11.1% | $581,379,284▲29.7% | $969,779,290▲18.3% | 990 |
| 2022 | $623,479,394▼2.7% | $595,874,619▼1.7% | $448,406,540▲23.9% | $819,519,638▲18.4% | 990 |
| 2021 | $640,674,263▲2.9% | $605,888,014▲3.9% | $362,014,036▼12.4% | $692,144,264▼12.5% | 990 |
| 2020 | $622,809,517▲12.1% | $582,956,006▲8.1% | $413,235,686▲33.5% | $790,822,441▲13.4% | 990 |
| 2019 | $555,720,109▲3.1% | $539,497,172▲1.4% | $309,529,808▼1.3% | $697,377,820▲12.4% | 990 |
| 2018 | $539,126,069▲0.3% | $531,978,827▲3.2% | $313,523,340▼9.6% | $620,279,215▼2.5% | 990 |
| 2017 | $537,246,593▲6.3% | $515,716,749▲8.0% | $346,861,974▲8.4% | $636,262,707▲13.1% | 990 |
| 2016 | $505,258,847▲3.7% | $477,303,441▲6.3% | $320,115,148▲29.3% | $562,669,503▲8.3% | 990 |
| 2015 | $487,197,626▲9.6% | $448,954,683▲7.6% | $247,549,003▲6.7% | $519,420,194▲5.9% | 990 |
| 2014 | $444,574,782▼0.9% | $417,213,878▼0.3% | $232,049,354▼11.3% | $490,430,685▼4.6% | 990 |
| 2013 | $448,814,283 | $418,313,340▲2.6% | $261,602,580▲6.7% | $514,290,018▲5.1% | 990 |
| 2012 | — | $407,847,363▲2.2% | $245,178,396▲34.2% | $489,193,005▲14.9% | 990 |
| 2011 | — | $399,241,665▲2.8% | $182,691,703▲14.5% | $425,659,886▲7.2% | 990 |
| 2010 | — | $388,282,477▲10.8% | $159,591,238▼5.3% | $397,005,467▲8.0% | 990 |
| 2009 | — | $350,479,570 | $168,434,132 | $367,447,662 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Robert Steigmeyer — $1,585,081 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Steigmeyer | President & Ceo, Member Ex-officio | 56 | $1,585,081 |
| Matthew Gibb Md | Chief Clinical Officer | 50 | $871,082 |
| Louis Russo Md | Physician | 50 | $799,976 |
| Nicola Francalancia Md | Physician | 50 | $798,313 |
| Mary Bakken | System Chief Operating Officer | 50 | $702,300 |
| Scott Sloane | Senior Vp, Cfo, & Treasurer | 56 | $693,400 |
| Shahab Moossavi Md | Physician | 50 | $656,843 |
| Burr Loew Md | Physician | 50 | $592,726 |
| Patrick Magnus Md | Physician | 50 | $586,349 |
| Christopher Allen Md | Trustee (end 1/2024) | 1 | $381,844 |
| Joseph Meyer Md | Trustee | 1 | $64,359 |
| Ari Salis Md | Trustee | 1 | $25,000 |
| Charles Fanaras | Vice Chair | 1 | — |
| David Weiss | Trustee | 1 | — |
| Don Welford | Trustee | 1 | — |
| Frederick Briccetti Md | Trustee | 1 | — |
| Jeanie Forrester | Trustee | 1 | — |
| Jeffrey Towle | Trustee (end 1/2024) | 1 | — |
| Katherine Saunders | Trustee | 1 | — |
| Linda Lorden | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medefis Consolidated | Professional Services | $8,940,478 |
| Anesthesia Associates PA | Healthcare Services | $7,378,333 |
| Concord Orthopaedics PA | Healthcare Services | $6,349,723 |
| Riverbend Community Mntl Hlth Inst | Healthcare Services | $4,086,536 |
| Core Medical Group | Professional Services | $2,216,383 |
Grants received · $821K total
25 grants to Concord Hospital Inc totaling $821K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $60,000 |
| New Hampshire Charitable Foundation | For designated distributions and general support and dental clinic | 2024 | $36,203 |
| Paypal Charitable Giving Fund | General support | 2024 | $16,054 |
| New Hampshire Charitable Foundation | For designated distributions and general support and dental clinic | 2023 | $32,747 |
| National Philanthropic Tr | Health | 2023 | $5,500 |
| New Hampshire Charitable Foundation | For desi dists, general/annual support, capital campaign, cardiovascular inst. | 2022 | $150,555 |
| Jsi Research & Training Institute Inc | Operational support | 2022 | $22,792 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical | 2022 | $10,000 |
| New Hampshire Charitable Foundation | For general support, desi. dist., year end gift | 2021 | $49,772 |
| Jsi Research & Training Institute Inc | Operational support | 2021 | $30,390 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2021 | $10,000 |
| New Hampshire Charitable Foundation | For designated distreibutions, general support, technology upgrades | 2020 | $52,056 |
| Jsi Research & Training Institute Inc | Operational support | 2020 | $32,781 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2020 | $10,000 |
| New Hampshire Charitable Foundation | For sane program & related training, general support, digital x-ray equip., designated dist. | 2019 | $55,363 |
Grants made · $80K in FY2017
2 grants totaling $80K in FY2017. All grants made by Concord Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Riverbend Community Mental Health Inc | Support for: continuing education & training of staff, clinical staff at concord homeless resource center, and general operating support. | $60,000 |
| Granite Vna Inc | Purchase of two i-stat machines for diagnostic testing. | $20,000 |
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Frequently asked questions
- Is Concord Hospital Inc a legitimate nonprofit?
- Yes. Concord Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2594672, based in Concord, New Hampshire. Donations are tax-deductible.
- What is Concord Hospital Inc's EIN?
- Concord Hospital Inc's Employer Identification Number (EIN) is 22-2594672.
- How much revenue does Concord Hospital Inc report?
- Concord Hospital Inc reported $710,596,540 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Concord Hospital Inc's spending goes to programs?
- Concord Hospital Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Concord Hospital Inc have?
- CharityIndex grades Concord Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Concord Hospital Inc's highest-paid employee make?
- The highest reported compensation on Concord Hospital Inc's latest Form 990 is $1,585,081, paid to Robert Steigmeyer (President & Ceo, Member Ex-officio).
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Data for Concord Hospital Inc (EIN 22-2594672) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.