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Nonprofiteer
← DARTMOUTH-HITCHCOCK CLINIC

Form 990 for tax year 2025

Filed by DARTMOUTH-HITCHCOCK CLINIC.

Totals

Total revenue
$242,871,810
Total expenses
$240,767,887
Contributions and grants received
$11,554,046
Grants paid
$1,407,786
Program service revenue
$198,136,376
Investment income
$38,212
Other revenue
$33,143,176
Total assets, end of year
$309,285,410
Total liabilities, end of year
$780,832,020
Net assets or fund balances, end of year
-$471,546,610
Program services expenses (Part IX)
$209,793,872
Management and general expenses
$30,937,090
Fundraising expenses
$36,925
Program service expenses (Part III)
$209,793,872

Program services were 87.1% 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)

    $6,660,227

  • 1f · All other contributions, gifts and grants

    $4,893,819

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $169,935,949 · related or exempt $169,935,949

  • 2b · Program service revenue: PHARMACY INCOME

    total $28,200,427 · related or exempt $28,200,427

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $15,405 · excluded $15,405

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $22,807

  • 7c · Gain or loss

    securities $22,807 · other assets $0

  • 7d · Net gain or loss

    total $22,807 · excluded $22,807

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CONTRACTED REVENUE

    total $28,699,990 · related or exempt $28,649,015 · unrelated business $50,975

  • 11b · Other revenue: CAFETERIA INCOME

    total $140,063 · excluded $140,063

  • 11c · Other revenue: OTHER REVENUE

    total $4,303,123 · related or exempt $4,303,123

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $33,143,176

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,328,492 · program services $1,328,492

  • 2 · Grants to domestic individuals

    total $40,940 · program services $40,940

  • 3 · Grants to foreign organizations and individuals

    total $38,354 · program services $38,354

  • 5 · Compensation of officers, directors and key employees

    total $801,867 · program services $319,913 · management and general $445,029 · fundraising $36,925

  • 6 · Compensation of disqualified persons

    total $116,611 · program services $7,346 · management and general $109,265

  • 7 · Other salaries and wages

    total $95,208,404 · program services $82,998,741 · management and general $12,209,663

  • 8 · Pension plan contributions

    total $6,749,316 · program services $5,871,905 · management and general $877,411

  • 9 · Other employee benefits

    total $13,041,948 · program services $11,346,495 · management and general $1,695,453

  • 10 · Payroll taxes

    total $5,350,897 · program services $4,655,280 · management and general $695,617

  • 11b · Fees: legal

    total $331,933 · program services $30,597 · management and general $301,336

  • 11c · Fees: accounting

    total $71,564 · program services $11,788 · management and general $59,776

  • 11g · Fees: other

    total $19,910,660 · program services $18,227,386 · management and general $1,683,274 · fundraising $0

  • 12 · Advertising and promotion

    total $338,673 · program services $9,175 · management and general $329,498

  • 13 · Office expenses

    total $2,400,171 · program services $1,670,683 · management and general $729,488

  • 14 · Information technology

    total $3,594,316 · program services $323,488 · management and general $3,270,828

  • 16 · Occupancy

    total $2,564,428 · program services $215,493 · management and general $2,348,935

  • 17 · Travel

    total $345,690 · program services $199,366 · management and general $146,324

  • 19 · Conferences, conventions and meetings

    total $57,346 · program services $50,736 · management and general $6,610

  • 20 · Interest

    total $2,465,906 · program services $9,880 · management and general $2,456,026

  • 22 · Depreciation, depletion and amortization

    total $840,053 · program services $275,743 · management and general $564,310

  • 23 · Insurance

    total $1,325,045 · program services $1,325,045

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $66,596,978 · program services $65,927,543 · management and general $669,435

  • 24b · Other expenses: EQUIP REPAIR & MAINTENANCE

    total $2,441,428 · program services $988,240 · management and general $1,453,188

  • 24c · Other expenses: ACADEMIC, GME, TEACHING & SUPPORT

    total $1,000,313 · program services $847,070 · management and general $153,243

  • 24d · Other expenses: RECRUITMENT COSTS

    total $354,154 · program services $5,901 · management and general $348,253

  • 24e · All other expenses

    total $13,452,400 · program services $13,068,272 · management and general $384,128 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,502,650 · end of year $1,750,328

  • 2 · Savings and temporary cash investments

    beginning of year $11,247 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,318,413 · end of year $166,942

  • 5 · Loans and receivables from officers and key people

    beginning of year $70,131 · end of year $46,377

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $4,199

  • 8 · Inventories for sale or use

    beginning of year $11,602,101 · end of year $14,025,610

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $139,165,174

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

    $114,672,812

  • 10c · Land, buildings and equipment, net

    beginning of year $24,501,712 · end of year $24,492,362

  • 11 · Investments: publicly traded securities

    beginning of year $542,250 · end of year $593,467

  • 12 · Investments: other securities

    beginning of year $88,415,913 · end of year $88,664,424

  • 13 · Investments: program-related

    beginning of year $1,822,213 · end of year $767,664

  • 15 · Other assets

    beginning of year $169,222,851 · end of year $178,774,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $509,609,286 · end of year $519,953,732

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,485,000 · end of year $10,485,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $700,353 · end of year $689,650

  • 25 · Other liabilities

    beginning of year $266,449,434 · end of year $249,703,638

  • 27 · Net assets without donor restrictions

    beginning of year -$486,297,233 · end of year -$473,605,662

  • 28 · Net assets with donor restrictions

    beginning of year $2,062,641 · end of year $2,059,052

Mission and programs · 2025

Mission

WE ADVANCE HEALTH THROUGH RESEARCH, EDUCATION, CLINICAL PRACTICE, AND COMMUNITY PARTNERSHIPS, PROVIDING EACH PERSON THE BEST CARE, IN THE RIGHT PLACE, AT THE RIGHT TIME, EVERY TIME.

Activities or mission (Part I)

ADVANCING HEALTH THROUGH RESEARCH, EDUCATION, CLINICAL PRACTICE, AND COMMUNITY PARTNERSHIPS; PROVIDING EACH PERSON THE BEST CARE IN THE RIGHT PLACE, AT THE RIGHT TIME, EVERY TIME

  • DARTMOUTH-HITCHCOCK CLINIC (DHC) IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME, PURSUANT TO SECTION 501(A) OF THE CODE. DHC AND ITS SUBSIDIARIES FORM A MULTISPECIALTY PHYSICIAN PRACTICE WHICH OPERATES THROUGHOUT NEW HAMPSHIRE AND VERMONT AND PROVIDES BOTH MEDICAL SERVICES TO PATIENTS AND MEDICAL EDUCATION AND RESEARCH. HEALTH CARE SERVICES PROVIDED DURING SHORT PERIOD ENDING SEPTEMBER 2025 RESULTED IN 380,201 OFFICE VISITS, WITH 184,473 UNIQUE PATIENTS SERVED. (CONTINUED ON SCHEDULE O)

    Expenses $197,746,397 · Grants $1,407,786 · Revenue $230,682,889

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $12,047,475 · Revenue $405,625

As filed on the 2025 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • David P Paul MBA

    TRUSTEE / SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.8 + 1.8 related

  • Joanne M Conroy MD

    TRUSTEE, EX-OFFICIO, CEO

    Total calculated
    $0
    Hours/week
    16.2 + 39.9 related

  • Roberta L Hines MD

    TRUSTEE / CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related

  • Celestina M Dooley-Jones PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Duane A Compton PhD

    TRUSTEE / EX-OFFICIO (ENDED 9/15/25)

    Total calculated
    $0
    Hours/week
    0.8 + 1.7 related

  • Emily Zeitler MD Mhs Facc Fhrs

    STAFF PHYSICIAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    28 + 12 related

  • Gary V Desir

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Geraldine Bednash PhD RN Faan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Jason T Garbarino Dnp RN Gero-Bc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Jennifer L Moyer MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • Jonathan B Thyng MD

    TRUSTEE/MEDICAL DIRECTOR

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Keith Loud MD

    TRUSTEE /VP SVC LN & DEPT CHAIR - PEDI

    Total calculated
    $0
    Hours/week
    40 + 0.1 related

  • Laura Chiang MD

    TRUSTEE / PHYSICIAN

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Laurel J Richie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • M Elyse Allan MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Marcus Coe MD

    GME PROGRAM DIRECTOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    40 + 0.1 related

  • Mark S Speers MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Sherri C Oberg MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Steven D Leach MD

    TRUSTEE / EX-OFFICIO (AS OF 9/15/2025)

    Total calculated
    $0
    Hours/week
    0.8 + 0.9 related

  • Aimee M Claiborne

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $0
    Hours/week
    12 + 29 related

  • Edward J Merrens MD

    CHIEF CLINICAL OFFICER

    Total calculated
    $0
    Hours/week
    12 + 29 related

  • John Kacavas

    CHIEF LEGAL OFFICER

    Total calculated
    $0
    Hours/week
    12 + 31 related

  • Matthew Haag

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $0
    Hours/week
    12 + 28.5 related

  • Stephen Leblanc

    CHIEF STRATEGY OFFICER

    Total calculated
    $0
    Hours/week
    12 + 31 related

  • Susan A Reeves EdD RN

    EXECUTIVE VP (MEDICAL CENTER)

    Total calculated
    $0
    Hours/week
    12 + 28 related

  • Wendy Fielding

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    12 + 29.5 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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RENAISSANCE PSYCHIATRY OF NEW ENGLAND

    PSYCHIATRY SERVICES · NH · income -$530,885 · assets $696,701

    Directly controlled by DARTMOUTH-HITCHCOCK CLINIC

Related corporations and trusts

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

  • POMPANOOSUC INVESTMENT CORPORATION

    C CORPORATION · REAL ESTATE HOLDING · NH · 100% owned · share of income $0 · controlled entity

    Directly controlled by DARTMOUTH-HITCHCOCK CLINIC

  • HAMDEN ASSURANCE CO LTD

    C CORPORATION · LIABILITY INSURANCE · BD · 70.2% owned · share of income $0 · controlled entity

    Directly controlled by DARTMOUTH-HITCHCOCK CLINIC

Provenance

Return type
form_990
Tax year
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202622299349302107

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