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Nonprofiteer
← CAPITAL REGION HEALTH CARE CORP

Form 990 for tax year 2022

Filed by CAPITAL REGION HEALTH CARE CORP.

Totals

Total revenue
$434,909
Total expenses
$146,583
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$434,909
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,908,565
Total liabilities, end of year
$845,853
Net assets or fund balances, end of year
$2,062,712
Program services expenses (Part IX)
$146,583
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$146,583

Program services were 100.0% 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.

  • 2a · Program service revenue: Rental income

    total $434,909 · related or exempt $388,419 · unrelated business $46,490

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $100,198 · program services $100,198

  • 20 · Interest

    total $33,953 · program services $33,953

  • 22 · Depreciation, depletion and amortization

    total $12,432 · program services $12,432

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $211,775 · end of year $360,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,296 · end of year $1,334

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

    $3,039,652

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

    $1,066,844

  • 10c · Land, buildings and equipment, net

    beginning of year $1,985,240 · end of year $1,972,808

  • 13 · Investments: program-related

    beginning of year $1,000 · end of year $1,000

  • 15 · Other assets

    beginning of year $456,881 · end of year $572,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,078 · end of year $379,283

  • 25 · Other liabilities

    beginning of year $533,148 · end of year $466,570

  • 27 · Net assets without donor restrictions

    beginning of year $1,870,966 · end of year $2,062,712

Mission and programs · 2022

Mission

To provide medical care

  • To promote a comprehensive health service system, which provides high quality, cost-effective health related services, delivered in a caring and personal manner, either directly or by arrangements with others, to meet the needs of the people of Central New Hampshire.

    Expenses $146,583 · Revenue $388,419

As filed on the 2022 return.

Listed in Part VII

  • Robert P Steigmeyer

    President & CEO

    Total calculated
    $1,744,066
    From this org
    $0
    From related orgs
    $1,440,673
    Other
    $303,393
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $864,308 related
    Bonus
    $0 + $349,416 related
    Other
    $0 + $226,949 related
    Deferred
    $0 + $261,361 related
    Nontaxable benefits
    $0 + $42,032 related
    Filer's total
    $0 + $1,744,066 related

  • Teri Brehio MD

    Trustee

    Total calculated
    $374,753
    From this org
    $0
    From related orgs
    $292,894
    Other
    $81,859
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,747 related
    Bonus
    $0 + $19,217 related
    Other
    $0 + $2,930 related
    Deferred
    $0 + $46,393 related
    Nontaxable benefits
    $0 + $35,466 related
    Filer's total
    $0 + $374,753 related

  • Sol Asmar

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Frank Boucher

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Doremus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelline Dufort

    Trustee (end 1/2023)

    Total calculated
    $0
    Hours/week
    1

  • Philip Emma

    Trustee (end 1/2023)

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • BJ Entwisle MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Fanaras

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Michael T Griffin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lucy C Hodder Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lucy Karl

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • David Green MD

    Trustee (start 1/2023)

    Total calculated
    $0
    Hours/week
    1

  • Linda Lorden

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary E Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter Noordsij

    Trustee (start 1/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Manisha Patel DDS

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Muriel Schadee CPA

    Trustee (end 1/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Segal

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jeffrey Towle

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Ruedig

    Chair

    Total calculated
    $0
    Hours/week
    1

  • William Chapman Esq

    Vice Chair & Secretary

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Scott Sloane

    Senior VP, CFO, & Treasurer

    Total calculated
    $780,284
    From this org
    $0
    From related orgs
    $636,917
    Other
    $143,367
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,716 related
    Bonus
    $0 + $126,153 related
    Other
    $0 + $22,048 related
    Deferred
    $0 + $107,931 related
    Nontaxable benefits
    $0 + $35,436 related
    Filer's total
    $0 + $780,284 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The compensation for the Organization's CEO was established by a related organization, Concord Hospital. That organization established the CEO's compensation by using a compensation committee, independent compensation consultant, and a compensation study. The compensation was also approved by the Hospital's compensation committee.
Part I, Line 4b
Capital Region Health Care Corporation is a related organization to Concord Hospital. Robert P. Steigmeyer, President & CEO, participated in a 457(f) plan with Concord Hospital, Inc. during the fiscal year covered by this tax return. Under the terms of the plan, amounts deferred and contributed to the plan are subject to a three-year vesting period. After satisfying this vesting period, 457(f) deferred amounts are to be included in Mr. Steigmeyer's taxable W-2 wages. The calendar year ending within the Hospital's current reporting period of September 30, 2023 (tax year 2022) includes amounts previously set aside as deferred under Mr. Steigmeyer's 457(f) plan more than three years ago, and have therefore become vested. Accordingly, Mr. Steigmeyer is now recognizing in his W-2 taxable wages vested 457(f) plan deferrals. For the period covered by this tax return, included within Mr. Steigmeyer's 2022 Form W-2 taxable wages are $174,774 of vested 457(f) deferrals, which represent amounts previously reported on Schedule J, Part II, Column C, as deferred compensation for the fiscal year ending September 30, 2019. In accordance with IRS instructions, this vested and taxable amount has been included in Schedule J, Part II, Column B(iii) and Column F. Beginning with the September 30, 2015 tax year, there have been contributions to Mr. Steigmeyer's 457(f) plan. Each contribution, plus earnings, will be reported in Mr. Steigmeyer's W-2 after a three-year vesting period. For the fiscal years ended September 30, 2021, 2022, and 2023, Mr. Steigmeyer received total plan contributions (including interest and investment credits) of $197,425, $221,218, and $231,021, respectively. Due to the timing between the Hospital's fiscal year filing period and the calendar year period by which compensation and benefits information is reported on Form 990, Schedule J, the amount included in Mr. Steigmeyer's deferred compensation amounts in this Schedule J, Part II, Column C, includes the $177,820 contribution to his 457(f) plan, plus $43,398 of earnings. During the year ending September 30, 2021, the Hospital established a Supplemental Executive Retirement Plan (SERP) for the Senior Vice Presidents of Concord Hospital. Under the terms of this SERP, the Hospital credits Senior Executives' accounts at the end of each fiscal year, and the credit shall vest and become payable on the third anniversary of the date such amounts are credited to the account, provided the Senior Executives remain continuously employed through the applicable vesting date. The three-year vesting period SERP amount will be included in taxable W-2 wages upon vesting and payment. For the fiscal years ended September 30, 2021, 2022, and 2023, total contributions to the SERP, including interest and investment earnings credits, for Scott Sloane were $26,462, $43,139, and $48,021, respectively. Due to the timing between the Hospital's fiscal year filing period and the calendar year period by which compensation and benefits information is reported on Form 990, Schedule J, the amounts included in Mr. Sloane's deferred compensation on this Schedule J, Part II, Column C, including contributions to his 457(f) plan and earnings, are as follows: contributions, $41,088; interest credit, $2,051. As none of the SERP contributions have yet satisfied the three-year vesting conditions as of the period covered by this tax return, none of the SERP contributions have yet been included in Mr. Sloane's W-2 wages.

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
20 June 2024
IRS schema version
2022v5.0
Source object
202441839349300434

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