Valley Regional Hospital Inc
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
Valley Regional Hospital Inc is a 501(c)(3) organization based in Claremont, New Hampshire, registered in 1957, with $70,142,208 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
243 Elm St, Claremont, NH, 03743 EIN 02-0222118 Since 1957
Revenue (FY2023)
$70.1M
▲ 7.2% vs prior year
Health median: $840K
Expenses (FY2023)
$64.4M
Net assets
$59.3M
Employees
447
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 rating85% to programs · $0 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 Valley Regional Hospital Inc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 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 Valley Regional Hospital Inc: 11 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 Valley Regional 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 Valley Regional Hospital Inc: 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
- 243 Elm St, Claremont, NH, 03743
- City
- Claremont
- State
- New Hampshire
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.9M (FY2013) to $70.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $17.2MNet assets $59.3M
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.5M
Total liabilities
$17.2M
Net assets
$59.3M
Salaries & benefits
$30.2M
47% of expenses
Board members
20
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $70,142,208▲7.2% | $64,439,536▲3.9% | $59,347,520▲22.6% | $76,525,625▲5.5% | 990 |
| 2022 | $65,431,800▲5.4% | $62,050,272▲14.2% | $48,403,821▲14.4% | $72,533,242▲9.9% | 990 |
| 2021 | $62,071,940▲16.7% | $54,330,657▲14.5% | $42,328,971▲2.9% | $66,016,739▼9.2% | 990 |
| 2020 | $53,184,998▲15.5% | $47,464,401▲8.8% | $41,127,515▲33.9% | $72,743,139▲8.0% | 990 |
| 2019 | $46,047,216▲2.1% | $43,633,521▼1.3% | $30,723,693▲11.7% | $67,363,900▲37.0% | 990 |
| 2018 | $45,085,694▲3.1% | $44,204,571▲2.5% | $27,501,341▲5.7% | $49,163,552▲3.4% | 990 |
| 2017 | $43,730,263▲8.1% | $43,141,971▲2.7% | $26,014,634▲34.7% | $47,541,765▼22.8% | 990 |
| 2016 | $40,464,707▲10.4% | $41,995,855▲3.8% | $19,313,976▲5.5% | $61,611,362▲5.5% | 990 |
| 2015 | $36,647,407▼6.1% | $40,451,359▲0.4% | $18,308,393▼7.9% | $58,374,393▼1.8% | 990 |
| 2014 | $39,041,860▼2.3% | $40,291,569 | $19,872,905▼24.5% | $59,416,328▼7.6% | 990 |
| 2013 | $39,949,299 | $40,309,286▲2.3% | $26,320,287▲2.6% | $64,279,099▲1.1% | 990 |
| 2012 | — | $39,419,676▼15.4% | $25,651,809▲12.2% | $63,610,293▼2.5% | 990 |
| 2011 | — | $46,598,736▼2.6% | $22,861,089▲20.3% | $65,242,601▲12.3% | 990 |
| 2010 | — | $47,833,573▲2.8% | $19,011,219▼9.2% | $58,108,658▲3.4% | 990 |
| 2009 | — | $46,520,532 | $20,931,205 | $56,224,360 | 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: Jeffrey A Hanissian — $406,429 (0.63% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey A Hanissian | Past Physician | 40 | $406,429 |
| Whitney F Hilton | Orthopedist | 40 | $348,013 |
| Charles M Sawyer | Past Physician | 40 | $338,802 |
| Joshua Rudner | Past Er Physician/cmo | 40 | $335,822 |
| Joel P Herrington | Past Physician | 40 | $328,232 |
| Juliann Barrett Do | Cmo | 39.9 | $314,490 |
| Fernanda Magalhaes De Melo Manara M | Physician | 40 | $292,831 |
| Alex Scott | Past Trustee | 0.9 | $3,707 |
| Alan Keiller | Treasurer | 0.9 | — |
| Bryan Huot | Trustee | 0.9 | — |
| Carol Vivian | Trustee | 0.9 | — |
| Celeste Pitts | Interim Cfo | 39 | — |
| Deanna Howard | Trustee | 0.9 | — |
| Eric Crainich | Trustee | 0.9 | — |
| James Borchert | Past Trustee | 0.9 | — |
| Jean Shaw | Former Cfo | 0 | — |
| Jocelyn Caple Md | Interim President & Ceo | 39 | — |
| John Gilman | Trustee | 0.9 | — |
| John Tansey | Chair | 0.9 | — |
| Katherine Lajoie | Past Trustee | 0.9 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| American Healthcare Services Association | Contracted Staffing | $3,766,301 |
| Hms Holdings LLC | Contracted Staffing | $1,811,728 |
| Dartmouth Hitchcock | Medical Services | $1,723,931 |
| Em Staff | Contracted Staffing | $1,026,517 |
| Jackson & Coker Locumtenens LLC | Contracted Staffing | $446,146 |
Grants received · $476K total
8 grants to Valley Regional Hospital Inc totaling $476K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Hampshire Charitable Foundation | To purchase equipment, and may be applied toward usda matching requirements, sud efforts | 2023 | $29,683 |
| New Hampshire Charitable Foundation | Critical care needs to benefit citizens of the greater claremont community | 2021 | $6,200 |
| Mary Hitchcock Memorial Hospital | Program support | 2019 | $239,538 |
| Dartmouth-hitchcock Clinic | Program support | 2019 | $93,154 |
| New Hampshire Charitable Foundation | For youth sbirt implementation | 2017 | $15,000 |
| New Hampshire Charitable Foundation | For hospital security upgrades and women's wellness campaign | 2016 | $15,000 |
| New Hampshire Charitable Foundation | For implementation of youth sbirt into primary care practice | 2015 | $25,000 |
| New Hampshire Charitable Foundation | To implement universal screening, brief intervention and referral to treatment for youth | 2014 | $52,500 |
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Frequently asked questions
- Is Valley Regional Hospital Inc a legitimate nonprofit?
- Yes. Valley Regional Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0222118, based in Claremont, New Hampshire. Donations are tax-deductible.
- What is Valley Regional Hospital Inc's EIN?
- Valley Regional Hospital Inc's Employer Identification Number (EIN) is 02-0222118.
- How much revenue does Valley Regional Hospital Inc report?
- Valley Regional Hospital Inc reported $70,142,208 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Valley Regional Hospital Inc's spending goes to programs?
- Valley Regional Hospital Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Valley Regional Hospital Inc have?
- CharityIndex grades Valley Regional Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Valley Regional Hospital Inc's highest-paid employee make?
- The highest reported compensation on Valley Regional Hospital Inc's latest Form 990 is $406,429, paid to Jeffrey A Hanissian (Past Physician).
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Data for Valley Regional Hospital Inc (EIN 02-0222118) 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.