Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Management fees

  total $158,374,673 · related or exempt $158,374,673

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,858,665 · program services $2,572,799 · management and general $285,866

• 7 · Other salaries and wages

  total $74,533,922 · program services $74,533,922

• 8 · Pension plan contributions

  total $2,891,325 · program services $2,891,325

• 9 · Other employee benefits

  total $11,716,468 · program services $11,716,468

• 10 · Payroll taxes

  total $5,373,751 · program services $5,373,751

• 11b · Fees: legal

  total $882,676 · management and general $882,676

• 11c · Fees: accounting

  total $294,996 · management and general $294,996

• 11g · Fees: other

  total $24,363,827 · program services $14,373,893 · management and general $9,989,934

• 12 · Advertising and promotion

  total $2,197,454 · program services $2,197,454

• 13 · Office expenses

  total $2,651,408 · management and general $2,651,408

• 14 · Information technology

  total $20,434,640 · program services $20,434,640

• 16 · Occupancy

  total $2,334,339 · program services $2,334,339

• 19 · Conferences, conventions and meetings

  total $189,998 · program services $189,998

• 22 · Depreciation, depletion and amortization

  total $6,625,277 · program services $6,625,277

• 23 · Insurance

  total $643,535 · program services $643,535

• 24a · Other expenses: Recruiting fees

  total $3,604,721 · program services $3,604,721

• 24b · Other expenses: Repairs and maintenance

  total $3,343,234 · program services $3,343,234

• 24c · Other expenses: Food and dining

  total $59,714 · program services $59,714

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,783,858 · end of year $13,794,705

• 4 · Accounts receivable

  beginning of year $1,770,445 · end of year $230,341

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,341,192 · end of year $7,535,575

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

  $27,893,543

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

  $9,925,659

• 10c · Land, buildings and equipment, net

  beginning of year $18,044,126 · end of year $17,967,884

• 12 · Investments: other securities

  beginning of year $1,514,015 · end of year $1,285,861

• 14 · Intangible assets

  beginning of year $407,531 · end of year $330,313

• 15 · Other assets

  beginning of year $16,468,767 · end of year $28,508,462

• 17 · Accounts payable and accrued expenses

  beginning of year $19,046,761 · end of year $29,695,334

• 25 · Other liabilities

  beginning of year $6,193,401 · end of year $3,993,312

• 27 · Net assets without donor restrictions

  beginning of year $27,089,772 · end of year $35,964,495

• 28 · Net assets with donor restrictions

  end of year $0

The filer's explanations (Part III)

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: - William G. Baxter: $162,287 - Michael Turilli: $80,692 - John E. Friberg, Esq.: $69,117 - Brad Kreick: $195,181 - Debra Dulac: $8,600 - Jason Elliot: $67,890 These amounts have been reported within the named individuals' deferred compensation figures as shown on this Schedule J, Part II, Column C. Additionally, Mr. Baxter took taxable distributions from his 457(f) plan during the 2023 calendar year in the amount of $689,747. Such amounts have been included within "Other Compensation" as reported on this Schedule J, Part II, Column B(iii). Furthermore, as such distributions relate to and have been paid from previous tax year 457(f) plan deferrals, $652,089 of the 2023 taxable distributions have also been reported as Prior Compensation, as shown on this Schedule J, Part II, Column F. 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

The Organization has adopted an incentive pay program that provides designated management employees an opportunity to earn a designated percentage of salary based on the achievement by the Organization of a number of critical success factors. The critical success factors are established annually by the independent executive compensation committee of the Board of Trustees with assistance from an independent national compensation consulting company. The maximum potential incentive payments under the plan are considered by the compensation consultant in ensuring that management compensation is reasonable.

Related partnerships

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

• Elliot Common Trust Fund LLC

  Investments · NH

Related corporations and trusts

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

• Elliot Health System Holdings & Subsidiaries

  C · Management · NH