Memorial Hospital
97% goes to programs $4 to raise $100 Strong reserves Growing revenue
Memorial Hospital is a 501(c)(3) organization based in North Conway, New Hampshire, registered in 1943, with $126,575,733 in FY2023 revenue. CharityIndex grades it A+, and it directs about 97% of spending to programs.
3073 White Mountain Hwy, North Conway, NH, 03860 EIN 02-0222156 Since 1943
Revenue (FY2023)
$126.6M
▲ 11.5% vs prior year
Health median: $840K
Expenses (FY2023)
$113.8M
Net assets
$92.3M
Employees
596
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating97% to programs · $4 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 Memorial Hospital: 97% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +10% 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 Memorial Hospital: 10 mo reserves · +10% 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 Memorial 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 Memorial 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
- 3073 White Mountain Hwy, North Conway, NH, 03860
- City
- North Conway
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $63.4M (FY2013) to $126.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $41.9MNet assets $92.3M
Operating margin
10.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$134.1M
Total liabilities
$41.9M
Net assets
$92.3M
Salaries & benefits
$54.0M
47% of expenses
Board members
12
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $126,575,733▲11.5% | $113,753,814▲8.0% | $92,269,755▲20.3% | $134,141,556▲5.5% | 990 |
| 2022 | $113,533,022▲7.4% | $105,333,975▲9.7% | $76,714,997▲14.3% | $127,146,321▲8.3% | 990 |
| 2021 | $105,759,136▲14.6% | $96,024,231▲14.3% | $67,117,966▲9.3% | $117,406,821▼3.2% | 990 |
| 2020 | $92,264,207▲21.5% | $84,026,796▲11.9% | $61,428,200▲22.1% | $121,250,571▲16.1% | 990 |
| 2019 | $75,917,445▲1.4% | $75,085,354▲0.5% | $50,321,024▲10.8% | $104,466,558▲14.6% | 990 |
| 2018 | $74,851,804▲2.5% | $74,720,104▲5.4% | $45,433,893▲5.7% | $91,169,798▲14.3% | 990 |
| 2016 | $73,011,196▲6.5% | $70,907,685▲2.0% | $42,991,894▲7.2% | $79,780,514▲4.3% | 990 |
| 2015 | $68,569,609▲1.8% | $69,537,819▲6.1% | $40,099,187▼2.1% | $76,473,057▼1.6% | 990 |
| 2014 | $67,376,808▲6.3% | $65,512,287▲2.5% | $40,945,046▼2.2% | $77,678,781▲16.5% | 990 |
| 2013 | $63,393,266 | $63,908,032▲3.7% | $41,847,723▼14.6% | $66,702,509▼9.9% | 990 |
| 2012 | — | $61,623,220▼9.5% | $49,001,070▲5.0% | $74,062,812▲3.1% | 990 |
| 2011 | — | $68,068,211▲7.2% | $46,652,406▲3.8% | $71,845,152▲4.7% | 990 |
| 2010 | — | $63,519,144▲6.0% | $44,949,320▲10.4% | $68,611,842▲3.8% | 990 |
| 2009 | — | $59,938,903 | $40,724,691 | $66,074,571 | 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: Douglas Taylor — $583,187 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Taylor | Physician | 50 | $583,187 |
| Danielle Phinney | Physician | 50 | $570,504 |
| Matthew Dunn | Regional Cmo - Mountain Region | 50 | $508,250 |
| Morice Dennery | Physician | 50 | $478,696 |
| M Angus Badger | Associate Medical Director | 50 | $441,445 |
| Robert Brown | Physician - Shift | 50 | $438,448 |
| Art Mathisen | Frmr President/frmr Trustee | 50 | $283,439 |
| David Hoeft | Physician/trustee | 50 | $262,433 |
| Mary Vigeant | Nurse Practitioner/trustee | 50 | $220,952 |
| Jill Berry Bowen | Frmr Interim President/frmr Trustee | 50 | $217,645 |
| Kristine Dascoulias | Chief Nursing Officer | 50 | $216,227 |
| Alec Tarberry | Former Trustee | 1 | — |
| Andrew Mueller Md | Ceo and President, Mh/trustee | 1 | — |
| Bradley Chapman | President/trustee | 50 | — |
| Chris Perley | Board Vice Chair | 1 | — |
| Christine Thompson | Trustee | 1 | — |
| Corinne Ray | Board Secretary | 1 | — |
| Diana Mclaughlin | Chief Financial Officer | 1 | — |
| Greg Frizzell | Former Trustee | 1 | — |
| Linda Terry | Board Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cross Country Staffing Inc | Contract Labor | $2,238,170 |
| Weatherby Locums Inc | Locum Tenens | $639,836 |
| North Country Integrated Health Plcc | Medical Staffing | $421,735 |
| Derek Chase | Medical Services | $331,625 |
| Insight Health Corp | Diagnostic Imaging | $314,400 |
Grants received · $309K total
9 grants to Memorial Hospital totaling $309K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Health | 2023 | $22,500 |
| New Hampshire Charitable Foundation | For desi dist, board member support, staff development | 2022 | $21,113 |
| Donor Advised Charitable Giving | Health | 2022 | $7,500 |
| Donor Advised Charitable Giving | Health | 2021 | $15,000 |
| New Hampshire Charitable Foundation | For desig. dist., covid support | 2021 | $13,165 |
| New Hampshire Charitable Foundation | For designated distributions, annual support, merriman house resident support | 2020 | $17,006 |
| New Hampshire Charitable Foundation | For a new life program, maternity services for low income women, designated distribution | 2019 | $99,322 |
| New Hampshire Charitable Foundation | For designated distribution and continued support for "its never too late" | 2018 | $11,138 |
| New Hampshire Charitable Foundation | To support various programs and for a designated distribution | 2017 | $102,643 |
Grants made · $22K in FY2019
2 grants totaling $22K in FY2019. All grants made by Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Saco River Medical Group PC | The funding of a physician to support and provide medical assisted treatment services to an additional 60 - 80 patients with opioid dependence. | $14,417 |
| Children Unlimited Inc | To provide weekly classes under the "parenting from prison" curriculum. | $7,446 |
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Compare Memorial Hospital
Frequently asked questions
- Is Memorial Hospital a legitimate nonprofit?
- Yes. Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0222156, based in North Conway, New Hampshire. Donations are tax-deductible.
- What is Memorial Hospital's EIN?
- Memorial Hospital's Employer Identification Number (EIN) is 02-0222156.
- How much revenue does Memorial Hospital report?
- Memorial Hospital reported $126,575,733 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Memorial Hospital's spending goes to programs?
- Memorial Hospital spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hospital have?
- CharityIndex grades Memorial Hospital A+, based on program efficiency and fundraising cost.
- How much does Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Memorial Hospital's latest Form 990 is $583,187, paid to Douglas Taylor (Physician).
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Data for Memorial Hospital (EIN 02-0222156) 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.