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Nonprofiteer
← MONADNOCK COMMUNITY HOSPITAL

Form 990 for tax year 2022

Filed by MONADNOCK COMMUNITY HOSPITAL.

Totals

Total revenue
$114,350,269
Total expenses
$107,296,594
Contributions and grants received
$2,549,679
Grants paid
$42,599
Program services expenses (Part IX)
$95,188,881
Management and general expenses
$11,325,047
Fundraising expenses
$782,666
Program service expenses (Part III)
$95,188,881

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Shawn Harrington MD

    Trustee/Physician

    Total calculated
    $458,362
    From this org
    $424,370
    From related orgs
    $0
    Other
    $33,992
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $414,680
    Bonus
    $5,000
    Other
    $4,690
    Deferred
    $6,100
    Nontaxable benefits
    $27,892
    Filer's total
    $458,362
  • Cynthia McGuire

    Chief Executive Officer

    Total calculated
    $410,756
    From this org
    $361,273
    From related orgs
    $0
    Other
    $49,483
    Hours/week
    55 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $338,350
    Bonus
    $0
    Other
    $22,923
    Deferred
    $23,600
    Nontaxable benefits
    $25,883
    Filer's total
    $410,756
  • William White MD

    Ex-Officio (voting) (end 4/2023)

    Total calculated
    $521,501
    From this org
    $493,846
    From related orgs
    $0
    Other
    $27,655
    Hours/week
    27.9

    Schedule J breakdown matched by us

    Base
    $490,036
    Bonus
    $0
    Other
    $3,810
    Deferred
    $6,100
    Nontaxable benefits
    $21,555
    Filer's total
    $521,501
  • Alexander J Walker Esq

    Ex-Officio (voting)

    Total calculated
    $1,102,344
    From this org
    $0
    From related orgs
    $705,005
    Other
    $397,339
    Hours/week
    3 + 43.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $627,831 related
    Bonus
    $0
    Other
    $0 + $77,174 related
    Deferred
    $0 + $292,846 related
    Nontaxable benefits
    $0 + $104,493 related
    Filer's total
    $0 + $1,102,344 related
  • Robert Boyd

    Trustee (end 4/2023)

    Total calculated
    $0
    Hours/week
    3
  • Peter Cerroni DMD

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Casandra Clark

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Jeffrey R Crocker Esq

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Carolyn Garretson

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Paula Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Eric Lasky MD

    Ex-Officio (voting)

    Total calculated
    $0
    Hours/week
    3
  • Stephen Lehmkuhl MD

    Ex-Officio (end 9/2023)

    Total calculated
    $0
    Hours/week
    3
  • Leslie Lewis

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Michael Shea

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • Iris Waitt

    Trustee

    Total calculated
    $0
    Hours/week
    3
  • James Callahan Esq

    Chair

    Total calculated
    $0
    Hours/week
    3
  • Paul Faber

    Vice Chair

    Total calculated
    $0
    Hours/week
    3
  • Thomas S Bates CPA

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Patricia Shuster

    Clerk

    Total calculated
    $0
    Hours/week
    3
  • Richard D Scheinblum

    VP Finance/CFO

    Total calculated
    $261,862
    From this org
    $238,719
    From related orgs
    $0
    Other
    $23,143
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,029
    Bonus
    $0
    Other
    $690
    Deferred
    $4,679
    Nontaxable benefits
    $18,464
    Filer's total
    $261,862
  • Lucas Shippee DO

    Physician

    Total calculated
    $404,535
    From this org
    $398,435
    From related orgs
    $0
    Other
    $6,100
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $397,985
    Bonus
    $0
    Other
    $450
    Deferred
    $6,100
    Nontaxable benefits
    $0
    Filer's total
    $404,535
  • Terrence McNamara DO

    Physician

    Total calculated
    $461,894
    From this org
    $425,612
    From related orgs
    $0
    Other
    $36,282
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $425,162
    Bonus
    $0
    Other
    $450
    Deferred
    $6,100
    Nontaxable benefits
    $30,182
    Filer's total
    $461,894
  • Daniel Perli MD

    Physician/Chief Medical Officer

    Total calculated
    $439,929
    From this org
    $429,160
    From related orgs
    $0
    Other
    $10,769
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $428,890
    Bonus
    $0
    Other
    $270
    Deferred
    $0
    Nontaxable benefits
    $10,769
    Filer's total
    $439,929
  • Dmitry Tarasevich MD

    Physician

    Total calculated
    $371,671
    From this org
    $354,888
    From related orgs
    $0
    Other
    $16,783
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $354,438
    Bonus
    $0
    Other
    $450
    Deferred
    $6,100
    Nontaxable benefits
    $10,683
    Filer's total
    $371,671
  • Michele Gunning MD

    Physician

    Total calculated
    $305,587
    From this org
    $299,650
    From related orgs
    $0
    Other
    $5,937
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $299,200
    Bonus
    $0
    Other
    $450
    Deferred
    $5,937
    Nontaxable benefits
    $0
    Filer's total
    $305,587
  • Joseph Pepe MD

    Former Ex-Officio

    Total calculated
    $734,671
    From this org
    $0
    From related orgs
    $733,333
    Other
    $1,338
    Hours/week
    0 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $733,333 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,338 related
    Filer's total
    $0 + $734,671 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 — 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

  • 3 · Compensation committee
  • 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, Lines 4a-b
Schedule J, Page 1, Line 4a, severance payments: Dr. Joseph Pepe, who previously served as an ex-officio trustee of the Hospital and was the President and CEO of Catholic Medical Center (a related organization), until his retirement in June, 2021. As part of his retirement, Dr. Pepe became entitled to severance compensation, as per his employment agreement, from Catholic Medical Center. Dr. Pepe received severance compensation of $733,333 during calendar year 2022, after his formal retirement in June, 2021. This severance was included in his 2022 Form W-2 wages, and is also included in the amount of compensation reported on this Schedule J, Part II, Column B(iii). Schedule J, Page 1, Line 4b, supplemental non-qualified retirement plans: Cynthia McGuire, President & CEO, participates in a 457(f) plan with Monadnock Community Hospital. After a three year vesting period, amounts previously contributed to her by Monadnock Community Hospital are reported as part of her W-2 wages. In calendar year 2022, a total of $17,500 was deposited into Ms. McGuire's 457(f) plan account, which is included in the amount reported on Schedule J, Part II, Column C for this current fiscal year Form 990 filing. Additionally, $19,113 of compensation is reported in Column B(iii), which represents the vested 2019 contribution of $17,500 and earnings of $1,613. The $17,500 has also been reported on this Schedule J, Part II, Column F, as compensation deferred in a previous period which became taxable during this filing period (calendar year 2022 for purposes of income and benefit reporting). Alexander Walker, Jr. takes part in a section 457(f) forfeitable nonqualified deferred compensation plan administered by Catholic Medical Center. In calendar year 2022, Mr. Walker received contributions of $280,211 from Catholic Medical Center into his 457(f) Plan. Such contributions are included in the total deferred compensation reported for Mr. Walker on this Schedule J, Part II, Column C.
Part I, Line 7
MCH may from time-to-time compensate physicians utilizing quality and productivity targets based on WRVU (work relative value units). In addition, the Compensation Committee may recommend to the full board, annually, the variable pay award that may be issued to the Hospital's CEO. The payment of any such awards are discretionary and are subject to meeting the pre-determined goals of the Organization.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202432279349303233

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