Huggins Hospital
81% goes to programs $23 to raise $100 Strong reserves Growing revenue
Huggins Hospital is a 501(c)(3) organization based in Wolfeboro, New Hampshire, registered in 1942, with $108,943,913 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
240 S Main St, Wolfeboro, NH, 03894 EIN 02-0223332 Since 1942
Revenue (FY2023)
$108.9M
▲ 4.3% vs prior year
Health median: $840K
Expenses (FY2023)
$100.2M
Net assets
$117.8M
Employees
612
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating81% to programs · $23 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 Huggins Hospital: 81% to programs · $23 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +8% 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 Huggins Hospital: 14 mo reserves · +8% 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 Huggins Hospital: 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 Huggins Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Critical access hospital
Contact & location
- Address
- 240 S Main St, Wolfeboro, NH, 03894
- City
- Wolfeboro
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $48.7M (FY2013) to $108.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $54.3MNet assets $117.8M
Operating margin
8.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$172.1M
Total liabilities
$54.3M
Net assets
$117.8M
Salaries & benefits
$54.7M
55% of expenses
Board members
15
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $108,943,913▲4.3% | $100,176,086▲2.1% | $117,763,181▲20.2% | $172,070,699▲9.8% | 990 |
| 2022 | $104,448,903▲7.9% | $98,148,099▲4.8% | $97,980,412▲12.5% | $156,750,032▲3.9% | 990 |
| 2021 | $96,838,738▲5.1% | $93,642,279▲17.3% | $87,056,247▼13.7% | $150,852,808▼15.4% | 990 |
| 2020 | $92,166,408▲27.2% | $79,865,184▲17.0% | $100,817,948▲25.0% | $178,261,759▲8.3% | 990 |
| 2019 | $72,463,424▲2.8% | $68,252,278▲4.6% | $80,624,693▲4.8% | $164,534,841▲25.5% | 990 |
| 2018 | $70,478,588▲8.2% | $65,234,739▲8.7% | $76,925,687▼2.2% | $131,136,061▲1.2% | 990 |
| 2017 | $65,111,042▲10.2% | $60,000,565▲4.4% | $78,648,379▲13.3% | $129,611,755▲4.4% | 990 |
| 2016 | $59,084,394▲7.5% | $57,457,898▲4.8% | $69,394,860▲12.5% | $124,105,846▲6.6% | 990 |
| 2015 | $54,945,836▲3.2% | $54,820,396▲2.3% | $61,689,025▼0.6% | $116,430,471▲6.3% | 990 |
| 2014 | $53,252,490▲9.3% | $53,581,841▲0.8% | $62,091,244▲1.2% | $109,545,610▲3.5% | 990 |
| 2013 | $48,714,721 | $53,142,098▼0.3% | $61,380,099▼7.0% | $105,791,700▼0.4% | 990 |
| 2012 | — | $53,327,689▼1.5% | $65,999,827▲5.3% | $106,255,911▲1.5% | 990 |
| 2011 | — | $54,136,746▼13.0% | $62,648,934▲1.7% | $104,651,750▲4.5% | 990 |
| 2010 | — | $62,196,205▲13.2% | $61,591,820▼5.3% | $100,110,442▼5.9% | 990 |
| 2009 | — | $54,921,638 | $65,045,865 | $106,403,810 | 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: Thomas Varney — $506,818 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Varney | Surgeon | 40 | $506,818 |
| Jeremy Paul Hogan | Surgeon | 40 | $488,084 |
| Joel Huleatt | Surgeon | 40 | $477,798 |
| Jeremy Roberge | President & Ceo | 40 | $406,600 |
| Barry Gendron | Chief Medical Officer | 40 | $364,568 |
| Brent Richardson | Surgeon | 40 | $290,436 |
| Eric Lewis | Physician | 40 | $290,013 |
| Joshua Upham | Cfo | 40 | $264,122 |
| Jamison Costello Do | Trustee/med. Staff President | 40 | $221,107 |
| Stacey Savage | Chief Nursing Officer | 40 | $216,076 |
| Monica O'clair | Chief Strategy Officer | 40 | $201,493 |
| Joseph Mann | Vp Information Technology | 40 | $192,305 |
| John S Boornazian | Former Chief Medical Officer | 24 | $160,360 |
| James Cubeddu Pa-c | Secretary | 40 | $149,722 |
| Alex Walker Esq | Trustee | 1 | — |
| Cecile Chase | Trustee | 2 | — |
| Christian Coulter | Trustee | 2 | — |
| Corrine Smith Rn | Chairman | 2 | — |
| Diana Scott | Trustee | 2 | — |
| Don Smith | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Emergency Physician Associates Inc | Er and Hospitalist Service Management | $2,372,430 |
| Weatherby Locums Inc | Locums and Outside Labor | $2,066,844 |
| Collaborative Anesthesia Partners | Anesthesia Service Management | $1,630,586 |
| Barton Heathcare Staffing LLC | Healthcare Staffing | $1,619,384 |
| Chg Medical Staffing Inc | Healthcare Staffing | $1,174,896 |
Grants received · $717K total
23 grants to Huggins Hospital totaling $717K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Hampshire Charitable Foundation | For general support and community care program | 2024 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $18,050 |
| New Hampshire Charitable Foundation | For general support and community care program | 2023 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $22,600 |
| New Hampshire Charitable Foundation | For general support and community care program | 2022 | $7,500 |
| American Endowment Foundation | General operating support | 2021 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $56,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $56,300 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $10,000 |
| New Hampshire Charitable Foundation | For general support and charity care program | 2021 | $8,000 |
| Greater Washington Community Foundation | General support | 2020 | $150,000 |
| Greater Washington Community Foundation | General support | 2020 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $18,600 |
| New Hampshire Charitable Foundation | For general support and covid-19 support | 2020 | $10,000 |
| New Hampshire Charitable Foundation | For general support, gazebo and tuition stipends for adult day program | 2019 | $18,708 |
Grants made · $58K in FY2023
1 grant totaling $58K in FY2023. All grants made by Huggins Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation For Healthy Communities | Contribution required under legislation to reauthorize medicaid expansion to support the governor's commission on alcohol & other drugs. | $58,192 |
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Compare Huggins Hospital
Frequently asked questions
- Is Huggins Hospital a legitimate nonprofit?
- Yes. Huggins Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0223332, based in Wolfeboro, New Hampshire. Donations are tax-deductible.
- What is Huggins Hospital's EIN?
- Huggins Hospital's Employer Identification Number (EIN) is 02-0223332.
- How much revenue does Huggins Hospital report?
- Huggins Hospital reported $108,943,913 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Huggins Hospital's spending goes to programs?
- Huggins Hospital spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Huggins Hospital have?
- CharityIndex grades Huggins Hospital A, based on program efficiency and fundraising cost.
- How much does Huggins Hospital's highest-paid employee make?
- The highest reported compensation on Huggins Hospital's latest Form 990 is $506,818, paid to Thomas Varney (Surgeon).
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Data for Huggins Hospital (EIN 02-0223332) 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.