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← MARY HITCHCOCK MEMORIAL HOSPITAL

Form 990 for tax year 2025

Filed by MARY HITCHCOCK MEMORIAL HOSPITAL.

Totals

Total revenue
$700,110,682
Total expenses
$720,030,734
Contributions and grants received
$8,787,065
Grants paid
$4,006,777
Program service revenue
$675,822,146
Investment income
$326,362
Other revenue
$15,175,109
Total assets, end of year
$2,829,446,594
Total liabilities, end of year
$1,485,275,172
Net assets or fund balances, end of year
$1,344,171,422
Program services expenses (Part IX)
$622,758,155
Management and general expenses
$97,167,485
Fundraising expenses
$105,094
Program service expenses (Part III)
$622,758,155

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $8,153,900

  • 1f · All other contributions, gifts and grants

    $633,165

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $570,849,382 · related or exempt $568,651,330 · unrelated business $2,198,052

  • 2b · Program service revenue: RESEARCH RELATED ACTIVITIES

    total $2,072,758 · related or exempt $2,072,758

  • 2c · Program service revenue: PHARMACY INCOME

    total $102,519,553 · related or exempt $80,262,754 · unrelated business $22,256,799

  • 2d · Program service revenue: NEAH & PROGRAM RELATED INVESTMENTS

    total $380,453 · related or exempt $136,606 · unrelated business $243,847

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $242,639 · excluded $242,639

  • 6a · Gross rents

    real property $108,887

  • 6b · Less rental expenses

    real property $64,434

  • 6c · Rental income or loss

    real property $44,453 · personal property $0

  • 6d · Net rental income or loss

    total $44,453 · excluded $44,453

  • 7a · Gross sales of assets other than inventory

    securities $83,051 · other assets $672

  • 7c · Gain or loss

    securities $83,051 · other assets $672

  • 7d · Net gain or loss

    total $83,723 · excluded $83,723

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CAFETERIA

    total $1,161,227 · excluded $1,161,227

  • 11b · Other revenue: OTHER REVENUE

    total $13,969,429 · related or exempt $11,932,988 · unrelated business $2,036,441

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $15,130,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,781,093 · program services $3,781,093

  • 2 · Grants to domestic individuals

    total $116,522 · program services $116,522

  • 3 · Grants to foreign organizations and individuals

    total $109,162 · program services $109,162

  • 5 · Compensation of officers, directors and key employees

    total $2,282,237 · program services $910,522 · management and general $1,266,621 · fundraising $105,094

  • 6 · Compensation of disqualified persons

    total $331,891 · program services $20,907 · management and general $310,984

  • 7 · Other salaries and wages

    total $270,977,765 · program services $236,227,187 · management and general $34,750,578

  • 8 · Pension plan contributions

    total $19,209,590 · program services $16,712,343 · management and general $2,497,247

  • 9 · Other employee benefits

    total $37,119,390 · program services $32,293,869 · management and general $4,825,521

  • 10 · Payroll taxes

    total $15,229,475 · program services $13,249,643 · management and general $1,979,832

  • 11b · Fees: legal

    total $944,732 · program services $87,082 · management and general $857,650

  • 11c · Fees: accounting

    total $203,681 · program services $33,550 · management and general $170,131

  • 11g · Fees: other

    total $56,659,845 · program services $51,868,990 · management and general $4,790,855 · fundraising $0

  • 12 · Advertising and promotion

    total $963,917 · program services $26,115 · management and general $937,802

  • 13 · Office expenses

    total $6,831,258 · program services $4,755,022 · management and general $2,076,236

  • 14 · Information technology

    total $10,229,977 · program services $920,698 · management and general $9,309,279

  • 16 · Occupancy

    total $7,298,755 · program services $613,326 · management and general $6,685,429

  • 17 · Travel

    total $983,890 · program services $567,428 · management and general $416,462

  • 19 · Conferences, conventions and meetings

    total $163,215 · program services $144,401 · management and general $18,814

  • 20 · Interest

    total $7,018,349 · program services $28,121 · management and general $6,990,228

  • 22 · Depreciation, depletion and amortization

    total $15,961,000 · program services $5,239,119 · management and general $10,721,881

  • 23 · Insurance

    total $3,771,282 · program services $3,771,282

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $189,545,246 · program services $187,639,931 · management and general $1,905,315

  • 24b · Other expenses: MEDICAID ENHANCEMENT TAX

    total $21,198,207 · program services $21,198,207

  • 24c · Other expenses: EQUIPMENT RENTAL & MAINT

    total $6,948,681 · program services $2,812,684 · management and general $4,135,997

  • 24d · Other expenses: ACADEMIC, GME, TEACHING & EDUCATIONAL

    total $2,847,043 · program services $2,410,891 · management and general $436,152

  • 24e · All other expenses

    total $39,304,531 · program services $37,220,060 · management and general $2,084,471 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $640,089 · end of year $540,568

  • 4 · Accounts receivable

    beginning of year $322,929,016 · end of year $311,825,697

  • 5 · Loans and receivables from officers and key people

    beginning of year $229,855 · end of year $229,855

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $11,911,463 · end of year $11,917,496

  • 8 · Inventories for sale or use

    beginning of year $53,358,583 · end of year $51,572,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,903,447 · end of year $71,406,246

  • 10a · Land, buildings and equipment: cost or other basis

    $1,853,817,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,172,312,143

  • 10c · Land, buildings and equipment, net

    beginning of year $667,022,488 · end of year $681,505,357

  • 11 · Investments: publicly traded securities

    beginning of year $58,075,913 · end of year $59,142,203

  • 12 · Investments: other securities

    beginning of year $994,816,185 · end of year $1,051,088,476

  • 13 · Investments: program-related

    beginning of year $13,300,455 · end of year $13,300,455

  • 15 · Other assets

    beginning of year $604,692,060 · end of year $576,917,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,657,032 · end of year $268,791,962

  • 19 · Deferred revenue

    beginning of year $655,654 · end of year $1,032,262

  • 20 · Tax-exempt bond liabilities

    beginning of year $321,181,994 · end of year $321,053,161

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $122,805,582 · end of year $112,006,283

  • 25 · Other liabilities

    beginning of year $786,089,605 · end of year $782,391,504

  • 27 · Net assets without donor restrictions

    beginning of year $1,152,335,154 · end of year $1,168,889,223

  • 28 · Net assets with donor restrictions

    beginning of year $172,154,533 · end of year $175,282,199

Mission and programs · 2025

Mission

WE ADVANCE HEALTH THROUGH RESEARCH, EDUCATION, CLINICAL PRACTICE, AND COMMUNITY PARTNERSHIPS, PROVIDING EACH PERSON THE BEST CARE IN THE RIGHT PLACE, AT THE RIGHT TIME, EVERY TIME.

Activities or mission (Part I)

ADVANCING HEALTH THROUGH RESEARCH, EDUCATION, CLINICAL PRACTICE, COMMUNITY PARTNERSHIPS; PROVIDING EACH PERSON THE BEST CARE IN THE RIGHT PLACE, AT THE RIGHT TIME, EVERY TIME.

  • MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) IS AN ACUTE AND TERTIARY CARE TEACHING HOSPITAL LOCATED IN LEBANON, NEW HAMPSHIRE. MHMH PROVIDES A BROAD RANGE OF PATIENT SERVICES AND HEALTH-RELATED COMMUNITY SERVICES, CONSISTENT WITH ITS ROLE AS A MAJOR TEACHING HOSPITAL, A TERTIARY CARE REFERRAL HOSPITAL, AND AS A PROSPECTIVE PAYMENT SYSTEM HOSPITAL (AS DEFINED BY CMS). MHMH PROVIDES A FULL RANGE OF SERVICES IN BOTH ACUTE AND CRITICAL MEDICINE, SURGERY, PSYCHIATRY AND REHABILITATION FOR INFANTS, CHILDREN AND ADULTS. DURING SHORT PERIOD 2025, MHMH PROVIDED 44,223 ACUTE PATIENT DAYS OF INPATIENT SERVICE AND HAD 8,272 TOTAL ACUTE CARE DISCHARGES, WHILE MHMH'S EMERGENCY ROOM WAS OPEN TO THE PUBLIC 24 HOURS PER DAY, 7 DAYS PER WEEK AND HAD 9,503 DISCHARGES. (CONTINUED ON SCHEDULE O)

    Expenses $588,469,188 · Grants $4,006,777 · Revenue $641,607,423

  • AS A COMPONENT OF NEW HAMPSHIRE'S ONLY INTEGRATED ACADEMIC MEDICAL CENTER, MARY HITCHCOCK MEMORIAL HOSPITAL (MHMH) PROVIDES THE GEISEL SCHOOL OF MEDICINE AT DARTMOUTH (GSM) SUPPORT FOR PHYSICIANS' UNPAID TEACHING TIME AS PART OF ITS COMMUNITY BENEFIT INITIATIVES. THIS SUPPORT CONSISTS OF THE TIME PHYSICIANS SPEND PROVIDING CLINICAL SUPERVISION AND EDUCATION FOR RESIDENTS AND MEDICAL STUDENTS. IN ADDITION, THE HOSPITAL PROVIDES IN-KIND SUPPORT FOR RESEARCH AND OTHER GRANTS REPRESENTING COSTS IN EXCESS OF AWARDS FOR NUMEROUS GRANT-FUNDED HEALTH RESEARCH AND SERVICE INITIATIVES AWARDED TO DARTMOUTH-HITCHCOCK CLINIC (DHC) AND GSM. OTHER COMMUNITY BENEFIT INITIATIVES INCLUDE SUBSIDIZING THE COSTS OF PROVIDING MEDICAL AND CLINICAL EDUCATION TO PROFESSIONALS ACROSS NEW HAMPSHIRE, VERMONT AND BEYOND AS WELL AS UNCOMPENSATED COSTS OF ACADEMIC AND MEDICAL RESEARCH ACTIVITIES.

    Expenses $34,288,967 · Revenue $21,449,013

As filed on the 2025 return.

Listed in Part VII

  • David P Paul MBA

    TRUSTEE / SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.8 + 1.8 related

  • Joanne M Conroy MD

    TRUSTEE, EX-OFFICIO, CEO

    Total calculated
    $0
    Hours/week
    37.8 + 18.3 related

  • Roberta L Hines MD

    TRUSTEE / CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Celestina M Dooley-Jones PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Duane A Compton PhD

    TRUSTEE / EX-OFFICIO (ENDED 9/15/25)

    Total calculated
    $0
    Hours/week
    0.8 + 1.7 related

  • Emily Zeitler MD Mhs Facc Fhrs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Gary V Desir

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Geraldine Bednash PhD RN Faan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Jason T Garbarino Dnp RN Gero-Bc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.3 + 0.8 related

  • Jennifer L Moyer MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Jonathan B Thyng MD

    TRUSTEE/MEDICAL DIRECTOR

    Total calculated
    $0
    Hours/week
    28 + 12 related

  • Keith Loud MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 40 related

  • Laura Chiang MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    28 + 12 related

  • Laurel J Richie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.3 + 0.8 related

  • M Elyse Allan MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Marcus Coe MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 40 related

  • Mark S Speers MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Sherri C Oberg MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Steven D Leach MD

    TRUSTEE / EX-OFFICIO (AS OF 9/15/2025)

    Total calculated
    $0
    Hours/week
    0.8 + 0.9 related

  • Aimee M Claiborne

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $0
    Hours/week
    28 + 13 related

  • Edward J Merrens MD

    CHIEF CLINICAL OFFICER

    Total calculated
    $0
    Hours/week
    28 + 13 related

  • John Kacavas

    CHIEF LEGAL OFFICER

    Total calculated
    $0
    Hours/week
    28 + 15 related

  • Martin T Manion

    COO (AS OF 4/24/25)

    Total calculated
    $0
    Hours/week
    40

  • Matthew Haag

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $0
    Hours/week
    28 + 12.5 related

  • Stephen Leblanc

    CHIEF STRATEGY OFFICER

    Total calculated
    $0
    Hours/week
    28 + 15 related

  • Susan A Reeves EdD RN

    EXECUTIVE VP (MEDICAL CENTER)

    Total calculated
    $0
    Hours/week
    28 + 12 related

  • Wendy Fielding

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    28 + 13.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NEW ENGLAND ALLIANCE FOR HEALTH LLC

    HEALTH IMPROVEMENT · NH · income $30,505 · assets $1,794,248

    Directly controlled by MHMH

  • D-H SPECIALTY SERVICES LLC

    SHARED SAVINGS PROGRAM · NH · income $0 · assets $0

    Directly controlled by MHMH

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DARTMOUTH-HITCHCOCK MASTER INVESTMENT PROGRAM OF POOLED INVESTMENT ACCOUNTS

    EXCLUDED · POOLED INVESTMENTS · NH · 65.92% owned · share of income -$121,114 · share of assets $1,047,062,375 · general or managing partner

    Directly controlled by MHMH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BENEFICIAL INTEREST TRUSTS (2)

    TRUST · CHARITABLE TRUST · NH · 100% owned · share of income $0 · share of assets $0

    Directly controlled by MHMH

Provenance

Return type
form_990
Tax year
2025
Filed
20 August 2026
IRS schema version
2025v4.2
Source object
202622329349300347

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