Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $427,581

• 1d · Related organizations

  $180,373

• 1e · Government grants (contributions)

  $77,770

• 1f · All other contributions, gifts and grants

  $2,154,630

• 1g · Noncash contributions included above

  $55,721

• 2a · Program service revenue: Patient and Service Revenue

  total $21,055,020 · related or exempt $21,055,020

• 2b · Program service revenue: Other Program Revenue

  total $76,111 · related or exempt $76,111

• 3 · Investment income

  total $176,630 · excluded $176,630

• 7a · Gross sales of assets other than inventory

  securities $344,094

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

  securities $84,635

• 7c · Gain or loss

  securities $259,459

• 7d · Net gain or loss

  total $259,459 · excluded $259,459

• 8a · Fundraising events: gross income

  $76,623

• 8a · Fundraising events: contributions included on line 1c

  $427,581

• 8b · Fundraising events: direct expenses

  $132,279

• 8c · Net income from fundraising events

  total -$55,656 · excluded -$55,656

• 9a · Gaming: gross income

  $128,065

• 9b · Gaming: direct expenses

  $12,864

• 9c · Net income from gaming

  total $115,201 · excluded $115,201

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $241,734 · program services $172,064 · management and general $69,670

• 7 · Other salaries and wages

  total $15,232,605 · program services $10,842,421 · management and general $4,390,184

• 8 · Pension plan contributions

  total $700,472 · program services $498,589 · management and general $201,883

• 9 · Other employee benefits

  total $2,037,208 · program services $1,450,066 · management and general $587,142

• 10 · Payroll taxes

  total $1,150,179 · program services $818,686 · management and general $331,493

• 11a · Fees: management

  total $1,321,388 · management and general $1,321,388

• 11c · Fees: accounting

  total $24,400 · management and general $24,400

• 11d · Fees: lobbying

  total $4,218 · management and general $4,218

• 11f · Fees: investment management

  total $36,685 · management and general $36,685

• 11g · Fees: other

  total $378,566 · program services $206,790 · management and general $171,776

• 12 · Advertising and promotion

  total $60,166 · program services $32,865 · management and general $27,301

• 13 · Office expenses

  total $364,803 · program services $201,579 · management and general $163,224

• 14 · Information technology

  total $213,366 · program services $116,550 · management and general $96,816

• 16 · Occupancy

  total $374,090 · program services $204,345 · management and general $169,745

• 17 · Travel

  total $365,063 · program services $199,414 · management and general $165,649

• 19 · Conferences, conventions and meetings

  total $56,882 · program services $23,083 · management and general $19,174 · fundraising $14,625

• 22 · Depreciation, depletion and amortization

  total $495,069 · program services $352,385 · management and general $142,684

• 23 · Insurance

  total $106,198 · program services $58,010 · management and general $48,188

• 24a · Other expenses: Program/med supplies

  total $1,159,448 · program services $1,159,448

• 24b · Other expenses: Provision for bad debts

  total $58,501 · program services $58,501

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,423,028 · end of year $4,193,036

• 2 · Savings and temporary cash investments

  beginning of year $785,697 · end of year $408,535

• 4 · Accounts receivable

  beginning of year $2,827,742 · end of year $3,122,560

• 9 · Prepaid expenses and deferred charges

  beginning of year $232,209 · end of year $115,101

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

  $11,045,967

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

  $4,793,160

• 10c · Land, buildings and equipment, net

  beginning of year $5,305,602 · end of year $6,252,807

• 11 · Investments: publicly traded securities

  beginning of year $11,900,023 · end of year $13,898,023

• 15 · Other assets

  beginning of year $85,302 · end of year $65,391

• 17 · Accounts payable and accrued expenses

  beginning of year $1,894,306 · end of year $2,034,852

• 19 · Deferred revenue

  beginning of year $31,627 · end of year $6,500

• 25 · Other liabilities

  beginning of year $85,302 · end of year $65,391

• 27 · Net assets without donor restrictions

  beginning of year $17,793,364 · end of year $20,727,527

• 28 · Net assets with donor restrictions

  beginning of year $6,755,004 · end of year $5,221,183

The filer's explanations (Part III)

Part I, Line 3

The compensation for the Organization's President & CEO was evaluated and established by the officers of the board of directors, based on guidance from an outside compensation consultant and market survey data. Additinoally, The SolutionHealth CEO, the Chief Executive of HHHC's parent-organization and sole corporate member, shall manage the development of any proposal to adopt or modify the compensation or benefit programs of HHHC, with the assistance of the HHHC President/CEO and in consultation with the HHHC Executive Committee. Any action to approve such an adoption or modification of compensation or benefit plans must be initiated by a recommendation by the SolutionHealth CEO to the SolutionHealth Board and shall be authorized solely by a majority vote of the SolutionHealth Board.

Part I, Line 4b

The Elliot Health System and SolutionHealth, the parent-organization of the System, maintain 457(f) deferred compensation plans. The following individuals, each of whom qualify as either an officer, director, trustee, key employee, or highest compensated employee on this Form 990, Part VII, received contributions to their 457(f) deferred compensation plans during the 2023 calendar year as follows: - Michael Turilli: $80,692 - Brad Kreick: $195,181 These amounts have been reported within the named individuals' deferred compensation figures as shown on this Schedule J, Part II, Column C. The System historically maintained a defined benefit pension plan for certain employees, the Elliot Health System Pension Plan (the Plan). Effective July 1, 2006, the Plan was amended to close the Plan to employees hired after June 30, 2006. Eligible employees hired prior to July 1, 2006 are grandfathered under the Plan and will continue to accrue benefits as long as they remain at a participating System entity and in an eligible status. The System's funding policy is to contribute amounts to the Plan sufficient to meet minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974, plus such additional amounts as might be determined to be appropriate from time to time. The Plan is intended to constitute a plan described in Section 414(k) of the Internal Revenue Code, under which benefits derived from employer contributions are based on the separate account balances of participants in addition to the defined benefits under the Plan. In calendar year 2023, no officers or other employees of Elliot Hospital received defined contributions under the now-closed 414(K) plan. Additionally, there were no defined benefit accrual adjustments for any of the Organization's listed individuals for the 2023 calendar year.

Part I, Line 7

At risk compensation, which is subject to review and paid annually. It is based on several predefined metrics.

Related partnerships

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

• Elliot Common Trust Fund LLC

  Excluded · Investments · NH · 5.98% owned · share of income $180,842 · share of assets $10,149,059

  Directly controlled by Elliot Hospital

Related corporations and trusts

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

• Elliot Health System Holdings and Subsidiaries

  C · Management · NH