Concord Hospital - Laconia
84% goes to programs $24 to raise $100 Growing revenue
Concord Hospital - Laconia is a 501(c)(3) organization based in Concord, New Hampshire, registered in 2021, with $140,486,075 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
250 Pleasant St, Concord, NH, 03301 EIN 85-1443782 Since 2021
Revenue (FY2023)
$140.5M
▲ 0.4% vs prior year
Health median: $840K
Expenses (FY2023)
$153.6M
Net assets
$22.1M
Employees
1,087
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 rating84% to programs · $24 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 - Laconia: 84% to programs · $24 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -9% 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 - Laconia: 2 mo reserves · -9% margin earns a B 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 - Laconia: 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 - Laconia: 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 $53.2M (FY2020) to $140.5M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $33.0MNet assets $22.1M
Operating margin
-9.3%
Spent more than it raised in the latest fiscal year.
Total assets
$55.1M
Total liabilities
$33.0M
Net assets
$22.1M
Salaries & benefits
$88.0M
57% of expenses
Board members
6
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $140,486,075▲0.4% | $153,610,579▲2.0% | $22,130,885▼37.5% | $55,120,961▼8.3% | 990 |
| 2022 | $139,887,290▼2.6% | $150,570,506▼2.2% | $35,407,262▼6.8% | $60,120,009▼3.8% | 990 |
| 2021 | $143,628,883▲170% | $154,027,396▲154% | $37,996,773▲10.6% | $62,507,843▲24.0% | 990 |
| 2020 | $53,154,882 | $60,696,774 | $34,351,045 | $50,420,745 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Fanaras | Vice Chair | 1 | — |
| Christopher Weinmann Md | Physician | 50 | — |
| David Croasdale Md | Physician | 50 | — |
| Kevin Mccarthy | Chief Administrative Officer | 1 | — |
| Krista Hachey Md | Physician | 50 | — |
| Lucy Hodder Esq | Secretary | 1 | — |
| Lucy Karl Esq | Trustee | 1 | — |
| Manisha Patel Dds | Chair | 1 | — |
| Mary Bakken | System Chief Operating Officer | 1 | — |
| Matthew Gibb Md | Chief Clinical Officer | 1 | — |
| Robert Segal | Trustee | 1 | — |
| Robert Steigmeyer | President & Ceo, Member Ex-officio | 1 | — |
| Scott Sloane | Senior Vp, Cfo, & Treasurer | 1 | — |
| Stephen Marshall Md | Physician | 50 | — |
| Tajammul Shafique Md | Physician | 50 | — |
| William Chapman Esq | Secretary (end 1/2024) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Concord Orthopaedics PA | Medical Services | $3,104,762 |
| Medefis Consolidated | Healthcare Solutions | $2,995,430 |
| Anesthesia Associates PA | Medical Services | $1,925,000 |
| Dew Construction Corp | Construction Services | $1,816,313 |
| Core Medical Group | Staffing and Recruiting | $1,325,472 |
Grants received · $6,000 total
1 grant to Concord Hospital - Laconia totaling $6,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,000 |
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Compare Concord Hospital - Laconia
Frequently asked questions
- Is Concord Hospital - Laconia a legitimate nonprofit?
- Yes. Concord Hospital - Laconia is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-1443782, based in Concord, New Hampshire. Donations are tax-deductible.
- What is Concord Hospital - Laconia's EIN?
- Concord Hospital - Laconia's Employer Identification Number (EIN) is 85-1443782.
- How much revenue does Concord Hospital - Laconia report?
- Concord Hospital - Laconia reported $140,486,075 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Concord Hospital - Laconia's spending goes to programs?
- Concord Hospital - Laconia spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Concord Hospital - Laconia have?
- CharityIndex grades Concord Hospital - Laconia A, based on program efficiency and fundraising cost.
- How much does Concord Hospital - Laconia's highest-paid employee make?
- The highest reported compensation on Concord Hospital - Laconia's latest Form 990 is $0, paid to Charles Fanaras (Vice Chair).
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Data for Concord Hospital - Laconia (EIN 85-1443782) 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.