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Nonprofiteer
← SOUTHERN NEW HAMPSHIRE MEDICAL CENTER

Form 990 for tax year 2022

Filed by SOUTHERN NEW HAMPSHIRE MEDICAL CENTER.

Totals

Total revenue
$313,157,281
Total expenses
$294,741,343
Contributions and grants received
$992,648
Grants paid
$0
Program service revenue
$307,831,863
Investment income
-$760,563
Other revenue
$5,093,333
Total assets, end of year
$412,365,259
Total liabilities, end of year
$164,668,492
Net assets or fund balances, end of year
$247,696,767
Program services expenses (Part IX)
$260,088,116
Management and general expenses
$34,653,227
Fundraising expenses
$0
Program service expenses (Part III)
$260,088,116

Program services were 88.2% 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)

    $273,810

  • 1f · All other contributions, gifts and grants

    $718,838

  • 2a · Program service revenue: Hospital services

    total $317,854,720 · related or exempt $317,854,720

  • 2b · Program service revenue: Provision for bad debts

    total -$10,022,857 · related or exempt -$10,022,857

  • 3 · Investment income

    total $4,967,750 · excluded $4,967,750

  • 6a · Gross rents

    real property $4,622,203

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,622,203

  • 6d · Net rental income or loss

    total $4,622,203 · related or exempt $3,655,377 · excluded $966,826

  • 7a · Gross sales of assets other than inventory

    securities $54,861,458

  • 7b · Less cost or other basis and sales expenses

    securities $60,589,435 · other assets $336

  • 7c · Gain or loss

    securities -$5,727,977 · other assets -$336

  • 7d · Net gain or loss

    total -$5,728,313 · excluded -$5,728,313

  • 11a · Other revenue: Ancillary- NE Rehab Food Services

    total $363,304 · unrelated business $363,304

  • 11b · Other revenue: Ancillary- NE Rehab Environmental

    total $91,551 · unrelated business $91,551

  • 11d · All other revenue

    total $16,275 · related or exempt $16,275

  • 11e · Other revenue, total

    $471,130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,395,219 · management and general $1,395,219

  • 7 · Other salaries and wages

    total $107,458,733 · program services $89,758,032 · management and general $17,700,701

  • 8 · Pension plan contributions

    total $3,628,922 · program services $3,176,731 · management and general $452,191

  • 9 · Other employee benefits

    total $10,135,276 · program services $8,615,124 · management and general $1,520,152

  • 10 · Payroll taxes

    total $6,747,049 · program services $5,797,895 · management and general $949,154

  • 11b · Fees: legal

    total $5,644 · management and general $5,644

  • 11f · Fees: investment management

    total $68,583 · management and general $68,583

  • 11g · Fees: other

    total $64,719,275 · program services $63,939,389 · management and general $779,886

  • 12 · Advertising and promotion

    total $115,549 · management and general $115,549

  • 13 · Office expenses

    total $148,714 · management and general $148,714

  • 14 · Information technology

    total $615,889 · program services $529,248 · management and general $86,641

  • 16 · Occupancy

    total $5,325,824 · program services $4,576,604 · management and general $749,220

  • 17 · Travel

    total $13,471 · program services $11,576 · management and general $1,895

  • 19 · Conferences, conventions and meetings

    total $231,211 · program services $198,685 · management and general $32,526

  • 20 · Interest

    total $2,935,230 · program services $2,522,311 · management and general $412,919

  • 21 · Payments to affiliates

    total $5,098,268 · program services $5,098,268

  • 22 · Depreciation, depletion and amortization

    total $15,833,400 · program services $13,606,007 · management and general $2,227,393

  • 23 · Insurance

    total $2,726,711 · program services $2,343,126 · management and general $383,585

  • 24a · Other expenses: Supplies

    total $45,268,592 · program services $38,900,348 · management and general $6,368,244

  • 24b · Other expenses: NH MET

    total $13,348,555 · program services $13,348,555

  • 24c · Other expenses: Repairs and maintenance

    total $2,373,473 · program services $2,039,580 · management and general $333,893

  • 24d · Other expenses: Food services

    total $624,259 · program services $536,440 · management and general $87,819

  • 24e · All other expenses

    total $5,923,496 · program services $5,090,197 · management and general $833,299

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,865,796 · end of year $3,186,146

  • 2 · Savings and temporary cash investments

    beginning of year $4,286,581 · end of year $3,046,840

  • 4 · Accounts receivable

    beginning of year $29,864,434 · end of year $32,117,186

  • 8 · Inventories for sale or use

    beginning of year $5,733,550 · end of year $8,661,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,320,355 · end of year $2,942,032

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

    $371,606,152

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

    $238,988,856

  • 10c · Land, buildings and equipment, net

    beginning of year $136,403,935 · end of year $132,617,296

  • 11 · Investments: publicly traded securities

    beginning of year $240,721,677 · end of year $208,375,076

  • 13 · Investments: program-related

    beginning of year $2,135,833 · end of year $2,123,890

  • 14 · Intangible assets

    end of year $7,868,224

  • 15 · Other assets

    beginning of year $9,693,554 · end of year $11,427,001

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,837,361 · end of year $58,108,274

  • 19 · Deferred revenue

    beginning of year $107,756 · end of year $121,506

  • 20 · Tax-exempt bond liabilities

    beginning of year $78,019,038 · end of year $76,513,375

  • 25 · Other liabilities

    beginning of year $19,719,804 · end of year $29,925,337

  • 27 · Net assets without donor restrictions

    beginning of year $260,594,031 · end of year $242,849,260

  • 28 · Net assets with donor restrictions

    beginning of year $5,747,725 · end of year $4,847,507

Mission and programs · 2022

Mission

Southern New Hampshire Medical Center is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve. Southern New Hampshire Medical Center is a provider of choice, delivering convenient access to high value, quality care in an environment that embraces dignity, compassion and service to the people of our community.

Activities or mission (Part I)

Southern New Hampshire Medical Center is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve.

  • Provides acute healthcare services to a diverse population base including indigent within southern and central New Hampshire. Southern New Hampshire Medical Center is a nonprofit hospital, serving all who need care, regardless of ability to pay. Medical services provided included 8,191 inpatient admissions, 240,606 outpatient registrations, 34,611 emergency room visits, 5,519 surgical procedures, and 1,154 births.

    Expenses $253,812,471 · Revenue $311,503,515

  • Charity Care ($1,666,025) and other uncompensated care ($1,700,935) at cost.

    Expenses $3,366,960

  • Community health services and health professional education.

    Expenses $2,908,685

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Maynard MD

    Trustee

    Total calculated
    $827,584
    From this org
    $0
    From related orgs
    $781,132
    Other
    $46,452
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $770,351 related
    Bonus
    $0
    Other
    $0 + $10,781 related
    Deferred
    $0 + $11,685 related
    Nontaxable benefits
    $0 + $34,767 related
    Filer's total
    $0 + $827,584 related

  • Colin T McHugh

    President/Secretary (start 4/2022)

    Total calculated
    $468,987
    From this org
    $447,154
    From related orgs
    $0
    Other
    $21,833
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    $375,668
    Bonus
    $69,779
    Other
    $1,707
    Deferred
    $0
    Nontaxable benefits
    $21,833
    Filer's total
    $468,987

  • Marc Sadowsky

    Trustee

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 4 related

  • Brett Sweeney MD

    Trustee

    Total calculated
    $387,234
    From this org
    $365,521
    From related orgs
    $0
    Other
    $21,713
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $325,648
    Bonus
    $19,125
    Other
    $20,748
    Deferred
    $14,500
    Nontaxable benefits
    $7,213
    Filer's total
    $387,234

  • Melliyal Annamalai

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Sister Paula Marie Buley

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Alonzo DeBerry

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Michael Gonzales

    Trustee (end 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Helen Honorow Esq

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mary Jordan

    Trustee (end 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • The Hon Joseph N Laplante

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • K Brian McLaughlin

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Phillip W Sullivan MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Eitan Zeira

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Craig Fitzgerald

    Acting Board Chair

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Timothy Sullivan Esq

    Chair (end 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Bobbie D Bagley

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mark William Begor Jr

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Paul Trainor

    Senior VP, CFO/Treasurer (end 1/23)

    Total calculated
    $526,998
    From this org
    $470,498
    From related orgs
    $0
    Other
    $56,500
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    $370,657
    Bonus
    $62,178
    Other
    $37,663
    Deferred
    $53,361
    Nontaxable benefits
    $3,139
    Filer's total
    $526,998

  • Joseph M Leahy DO

    Physician

    Total calculated
    $564,164
    From this org
    $507,540
    From related orgs
    $0
    Other
    $56,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,067
    Bonus
    $48,346
    Other
    $4,127
    Deferred
    $14,500
    Nontaxable benefits
    $42,124
    Filer's total
    $564,164

  • Linda Hatch MD

    Physician

    Total calculated
    $431,579
    From this org
    $375,169
    From related orgs
    $0
    Other
    $56,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,807
    Bonus
    $19,125
    Other
    $237
    Deferred
    $12,171
    Nontaxable benefits
    $44,239
    Filer's total
    $431,579

  • Patrick Lee MD

    Physician

    Total calculated
    $426,999
    From this org
    $372,272
    From related orgs
    $0
    Other
    $54,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,742
    Bonus
    $15,874
    Other
    $20,656
    Deferred
    $14,500
    Nontaxable benefits
    $40,227
    Filer's total
    $426,999

  • Timothy Scherer MD

    Physician

    Total calculated
    $615,752
    From this org
    $575,515
    From related orgs
    $0
    Other
    $40,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $507,547
    Bonus
    $46,467
    Other
    $21,501
    Deferred
    $14,500
    Nontaxable benefits
    $25,737
    Filer's total
    $615,752

  • Daniel Weidner MD

    Physician

    Total calculated
    $418,106
    From this org
    $362,788
    From related orgs
    $0
    Other
    $55,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,647
    Bonus
    $19,125
    Other
    $21,016
    Deferred
    $14,500
    Nontaxable benefits
    $40,818
    Filer's total
    $418,106

  • Michael Rose

    Former Treas./Pres./Sec.

    Total calculated
    $936,549
    From this org
    $936,549
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $936,549
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $936,549

  • Thomas Wilhelmsen Jr

    Former Pres./CEO/Sec.

    Total calculated
    $369,231
    From this org
    $369,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $269,231
    Bonus
    $100,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $369,231

  • Susan Desocio

    Former Pres. Fnd. Medical Partners

    Total calculated
    $862,986
    From this org
    $862,986
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $862,986
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $862,986

  • Scott A Wolf DO

    Former Pres./CEO/Sec.

    Total calculated
    $343,308
    From this org
    $332,693
    From related orgs
    $0
    Other
    $10,615
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $332,693
    Deferred
    $0
    Nontaxable benefits
    $10,615
    Filer's total
    $343,308

  • Robert Dorf DO EO

    Former Pres. Fnd. Medical Partners

    Total calculated
    $401,135
    From this org
    $104,674
    From related orgs
    $285,968
    Other
    $10,493
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $104,674 + $175,472 related
    Bonus
    $0
    Other
    $0 + $110,496 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,493 related
    Filer's total
    $104,674 + $296,461 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Southern New Hampshire Medical Center uses the facilities at the Nashua Country Club for meetings and other business related purposes. The Club does not have a corporate membership; therefore, an individual associated with Southern New Hampshire Medical Center must be a member of the Club. The membership is titled in the CEO's name and invoices are addressed to the CEO, not Southern New Hampshire Medical Center. Southern New Hampshire Medical Center pays the annual dues and all related expenses incurred by the organization. The facilities are only available to Club members.
Part I, Lines 4a-b
Schedule J, Part 1, Line 4a: Michael Rose, who served Southern New Hampshire Medical Center (SNHMC) as its President & CEO, left the organization during a previous tax year. Mr. Rose received severance payments from SNHMC during the 2022 calendar year. Additionally, Susan Desocio, who served as the President of Foundation Medical Partners through November 2019, also received severance compensation during the 2022 calendar year. Scott Wolf, who served as the President of the Medical Center in a previous tax year, also received severance compensation during the 2022 calendar year. Lastly, Robert Dorf, who served as the President of Foundation Medical Partners in a previous tax year, also received severance compensation during the 2022 calendar year. Given Foundation Medical Partners' role and significance to the Hospital's operations and governance, both Susan Desocio and Robert Dorf have been reported on this Form 990, Part VII and Schedule J. The severance payments for each of these individuals are reflected in these individuals' respective compensation as reported on Schedule J, Part II, Column B(iii), as follows: Michael Rose - $936,549; Susan Desocio - $862,986; Scott Wolf - $332,693; and Robert Dorf - $106,080. As neither Michael Rose, Susan Desocio, Robert Dorf, nor Scott Wolf served this Organization or a listed related organization in any capacity during this tax year, each individual has been listed as a "former" officer on this Form 990, Part VII and Schedule J, in accordance with IRS Instructions. Thomas Wilhelmsen was also a former officer for purposes of reporting on this Form 990, Part VII and Schedule J. However, Mr. Wilhelmsen did not receive any severance compensation as reported within his 2022 Form W-2 wages. Schedule J, Part I, Line 4b: Southern New Hampshire Medical Center provides a Supplemental Executive Retirement Plan to certain executives. Funding for this plan during the year was provided as follows: Paul Trainor - $38,861
Part I, Line 7
There is an additional compensation plan available to managers, directors and senior management that is part of their annual performance plan. The plan takes into consideration quality measures, patient satisfaction, individual goals, budget adherence and overall organizational performance. The range and overall pool is reviewed and approved by the Board of Trustees. The amount designated for the CEO and CFO are considered in the compensation consultant's analysis of executive compensation reported on the 990 Part VI section B Line 15b.
Unrelated Organization Compensation
Marc Sadowsky, is also the Medical Director of the Medical Center's Electro Convulsive Therapy (ECT) unit. During Calendar year 2022, Southern New Hampshire Medical Center paid New England Neurological Association $12,000 in in return for ECT and weekend coverage provided by Dr. Sadowsky to the Southern New Hampshire Health System.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2024
IRS schema version
2022v5.0
Source object
202401149349301670

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