Speare Memorial Hospital
96% goes to programs $12 to raise $100 Strong reserves
Speare Memorial Hospital is a 501(c)(3) organization based in Plymouth, New Hampshire, registered in 1942, with $85,362,123 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
16 Hospital Rd, Plymouth, NH, 03264 EIN 02-0226774 Since 1942
Revenue (FY2024)
$85.4M
▲ 6.2% vs prior year
Health median: $840K
Expenses (FY2024)
$84.6M
Net assets
$67.9M
Employees
614
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 rating96% to programs · $12 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 Speare Memorial Hospital: 96% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +1% 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 Speare Memorial Hospital: 10 mo reserves · +1% 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 Speare 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 Speare Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
We are a patient and family-centered hospital committed to kindness and collaboration,. our mission is to work together to serve the needs of our patients and community. we envision a community who works together to achieve optimal health.
Contact & location
- Address
- 16 Hospital Rd, Plymouth, NH, 03264
- City
- Plymouth
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $59.6M (FY2013) to $85.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $23.8MNet assets $67.9M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$91.7M
Total liabilities
$23.8M
Net assets
$67.9M
Salaries & benefits
$48.9M
58% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $85,362,123▲6.2% | $84,642,125▲5.6% | $67,908,715▲3.5% | $91,674,134▲3.0% | 990 |
| 2023 | $80,410,127▲2.1% | $80,162,341▲3.9% | $65,611,965▲2.7% | $88,979,170▼2.4% | 990 |
| 2022 | $78,762,729▼0.7% | $77,186,933▲4.0% | $63,857,512▲5.0% | $91,200,273▼6.7% | 990 |
| 2021 | $79,329,039▲1.3% | $74,203,845▲10.3% | $60,812,741▼1.6% | $97,794,161▼5.3% | 990 |
| 2020 | $78,325,414▲16.7% | $67,247,699▲2.0% | $61,771,383▲30.0% | $103,298,307▲23.1% | 990 |
| 2019 | $67,136,959▲1.7% | $65,938,223▲2.4% | $47,515,726▲1.2% | $83,889,184▲6.4% | 990 |
| 2018 | $66,035,203▲6.1% | $64,413,767▲5.3% | $46,940,942▲6.4% | $78,874,073▲8.6% | 990 |
| 2017 | $62,256,667▲12.9% | $61,163,778▲15.1% | $44,101,175▲2.5% | $72,660,085▼8.1% | 990 |
| 2016 | $55,157,137▼3.2% | $53,130,380▼0.9% | $43,011,101▲6.6% | $79,039,689▲2.4% | 990 |
| 2015 | $56,960,804▲25.7% | $53,624,920▲0.3% | $40,343,693▲6.1% | $77,205,893▲1.6% | 990 |
| 2014 | $45,298,386▼24.0% | $53,487,214▼8.2% | $38,010,440▼18.7% | $75,972,110▼3.3% | 990 |
| 2013 | $59,601,463 | $58,288,954▲10.4% | $46,774,968▲6.4% | $78,560,598▲4.0% | 990 |
| 2012 | — | $52,775,619▼1.3% | $43,952,591▲17.4% | $75,507,185▲15.4% | 990 |
| 2011 | — | $53,485,715▲6.7% | $37,437,497▲9.8% | $65,430,916▲10.6% | 990 |
| 2010 | — | $50,141,541▲4.6% | $34,108,368▲8.5% | $59,183,953▲6.5% | 990 |
| 2009 | — | $47,929,360 | $31,428,882 | $55,545,738 | 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 (FY2024)
Highest-paid: Paul Musco — $515,466 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul Musco | Physician | 40 | $515,466 |
| Andrew Seefeld | Physician | 40 | $459,757 |
| Michelle Mcewen | President/ceo | 40 | $416,013 |
| James Koren | Physician | 40 | $382,250 |
| Elizabeth Disney | Physician | 40 | $381,545 |
| Joanie Peter | Physician | 40 | $378,081 |
| Joseph Ebner Md | Cmo | 40 | $358,534 |
| Meaghan Smith | Cno | 40 | $197,484 |
| Joseph Caristi | Cfo | 40 | $183,178 |
| Daniel Sherman | Cso | 40 | $163,863 |
| Dolores Hopper | Board Member | 1 | — |
| Donna Driscoll | Board Member | 1 | — |
| Elizabeth Kleiner | Board Member | 1 | — |
| John Moulton | Board Member | 1 | — |
| Julie Bernier | Secretary | 1 | — |
| Ken Evans | Board Member | 1 | — |
| Kevin Young | Past Board Chair | 1 | — |
| Lisa Baker | Past Board Member | 1 | — |
| Margaret Turner | Board Member | 1 | — |
| Nancy Puglisi | Past Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| American Healthcare Staffing Association | Nursing and Tech Contract Labor | $3,657,431 |
| Medical Information Technology | Ehr System | $1,520,038 |
| National Partners In Healthcare LLC | Anesthesia Contract Labor | $967,793 |
| Concord Orthopaedics | Ortho Provider Contract Labor | $900,900 |
| Alliance Healthcare Services Inc | Contracted Imaging | $787,513 |
Grants received · $187K total
10 grants to Speare Memorial Hospital totaling $187K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $31,216 |
| Jsi Research & Training Institute Inc | Operational support | 2022 | $26,042 |
| Jsi Research & Training Institute Inc | Operational support | 2021 | $23,948 |
| New Hampshire Charitable Foundation | For general support and the friend in need fund and cardiac stress testing system | 2021 | $8,500 |
| Jsi Research & Training Institute Inc | Operational support | 2020 | $29,457 |
| Jsi Research & Training Institute Inc | Operational support | 2019 | $37,476 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $7,650 |
| New Hampshire Charitable Foundation | To purchase an ankle brachial index system and general support | 2019 | $6,000 |
| Jsi Research & Training Institute Inc | Operational support | 2018 | $9,869 |
| New Hampshire Charitable Foundation | For support of breast health and imaging capital campaign and general support | 2016 | $6,500 |
Grants made · $65K in FY2024
7 grants totaling $65K in FY2024. All grants made by Speare Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| The Lakes Region Mental Health Center Inc | To support mental health services in speare's service area | $14,375 |
| Transport Central | Provide mileage reimbursement for transport central volunteer drivers | $12,875 |
| Grafton County Senior Citizens Council Inc | To provide healthcare transportation for older adults and adults with disabilities in speares service area | $10,000 |
| New Hampshire Catholic Charities Inc | To aid in the prevention of cruelty to children or animals. | $8,438 |
| Archways | Interim funding to cover a portion of the cost for a recovery coach focused on serving the plymouth community. | $6,688 |
| Responder Together Nh | Funding is for two trainings per year, through the international critical incident stress foundation group, for 25 to 35 responders to become certified peer supporters. | $6,563 |
| Cady Inc Communities For Alcohol & Drug Free Youth | Program expenses for newfound middle school thriving in the middle school program; speakers for annual shout out to parents event; youth leadership programs; and pemi-baker teacher in-service programs | $5,750 |
Similar organizations in Health
- Health
Elliot Professional Services
Manchester, NH
$81.9M
Cannual revenue
Health
Androscoggin Valley Hospital Inc
Berlin, NH
$94.0M
Aannual revenue
Health
Weeks Medical Center
Lancaster, NH
$95.6M
Aannual revenue
Health
The New London Hospital Association Inc
New London, NH
$100.1M
Aannual revenue
Health
Valley Regional Hospital Inc
Claremont, NH
$70.1M
Aannual revenue
Health
Huggins Hospital
Wolfeboro, NH
$108.9M
Aannual revenue
Health
Core Physicians LLC
Exeter, NH
$109.3M
C+annual revenue
Health
Littleton Hospital Association
Littleton, NH
$116.9M
B+annual revenue
Health
Alice Peck Day Memorial Hospital
Lebanon, NH
$119.1M
Aannual revenue
Health
Cottage Hospital
Woodsville, NH
$45.7M
Bannual revenue
Compare Speare Memorial Hospital
Frequently asked questions
- Is Speare Memorial Hospital a legitimate nonprofit?
- Yes. Speare Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0226774, based in Plymouth, New Hampshire. Donations are tax-deductible.
- What is Speare Memorial Hospital's EIN?
- Speare Memorial Hospital's Employer Identification Number (EIN) is 02-0226774.
- How much revenue does Speare Memorial Hospital report?
- Speare Memorial Hospital reported $85,362,123 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Speare Memorial Hospital's spending goes to programs?
- Speare Memorial Hospital spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Speare Memorial Hospital have?
- CharityIndex grades Speare Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Speare Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Speare Memorial Hospital's latest Form 990 is $515,466, paid to Paul Musco (Physician).
More nonprofits in Plymouth
Explore more
Data for Speare Memorial Hospital (EIN 02-0226774) 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.