CONCORD HOSPITAL INC Charity Report

Public IRS 990 nonprofit record

CONCORD HOSPITAL INC

EIN 22-2594672 · Health Care (E220)

What they do

Concord Hospital is A Charitable Organization Which Exists to Meet The Health Needs of Individuals Within The Communities It Serves.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.53%of revenue went to mission work83.2% of expenses · Program services

0.16%of revenue went to fundraising0.2% of expenses

$93.14spent for every $100 of revenueRevenue covered expenses this year.

15.44%of revenue went to management and office costs16.6% of expenses

$1.47in assets for every $1 spent this yearSome assets cannot be spent right away.

1.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,901,942 for ROBERT STEIGMEYER (PRESIDENT & CEO, MEMBER EX-OFFICIO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$710,596,540

Mission workProgram services$550,925,79677.53% of revenue83.2% of expenses

ManagementOffice and general costs$109,749,08315.44% of revenue16.6% of expenses

FundraisingAsking for donations$1,152,5190.16% of revenue0.2% of expenses

Revenue left after expensesReported annual surplus$48,769,1426.86% of revenueShown in gray on the chart

Total expenses$661,827,39893.14% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 83.2% mission · 16.6% management · 0.2% fundraisingTotal expenses: 93.14% of revenue

2022Expense mix: 83.2% mission · 16.6% management · 0.2% fundraisingTotal expenses: 95.57% of revenue

2021Expense mix: 84.0% mission · 15.8% management · 0.2% fundraisingTotal expenses: 94.57% of revenue

2020Expense mix: 82.8% mission · 17.0% management · 0.2% fundraisingTotal expenses: 93.60% of revenue

2019Expense mix: 83.1% mission · 16.8% management · 0.1% fundraisingTotal expenses: 97.08% of revenue

2018Expense mix: 83.2% mission · 16.7% management · 0.1% fundraisingTotal expenses: 98.67% of revenue

2017Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 95.99% of revenue

2016Expense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 94.47% of revenue

Money in and money out

Revenue$710,596,540

Expenses$661,827,398

Annual surplus $48,769,142 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$550,925,796 · 83.2% of expenses

Management and office costs$109,749,083 · 16.6% of expenses

Fundraising$1,152,519 · 0.2% of expenses

See all reported dollar amounts

Revenue$710,596,540

Expenses$661,827,398

Assets$969,779,290

Income$799,935,957

Contributions$7,932,551

Mission work (program services)$550,925,796

Fundraising$1,152,519

Management and general$109,749,083

Executive compensation (total)$4,759,380

Stocks and bonds$306,980,608

Accounting fees$378,729

Investing fees$980,154

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERT STEIGMEYERPRESIDENT & CEO, MEMBER EX-OFFICIO · 56 hrs/week $1,901,942Base $1,585,081 · Other $316,861

MATTHEW GIBB MDCHIEF CLINICAL OFFICER · 50 hrs/week $997,316Base $871,082 · Other $126,234

LOUIS RUSSO MDPHYSICIAN · 50 hrs/week $853,680Base $799,976 · Other $53,704

NICOLA FRANCALANCIA MDPHYSICIAN · 50 hrs/week $853,032Base $798,313 · Other $54,719

MARY BAKKENSYSTEM CHIEF OPERATING OFFICER · 50 hrs/week $847,542Base $702,300 · Other $145,242

SCOTT SLOANESENIOR VP, CFO, & TREASURER · 56 hrs/week $847,462Base $693,400 · Other $154,062

SHAHAB MOOSSAVI MDPHYSICIAN · 50 hrs/week $730,008Base $656,843 · Other $73,165

BURR LOEW MDPHYSICIAN · 50 hrs/week $659,327Base $592,726 · Other $66,601

PATRICK MAGNUS MDPHYSICIAN · 50 hrs/week $659,230Base $586,349 · Other $72,881

CHRISTOPHER ALLEN MDTRUSTEE (END 1/2024) · 1 hrs/week $453,438Base $381,844 · Other $71,594

JOSEPH MEYER MDTRUSTEE · 1 hrs/week $64,359

ARI SALIS MDTRUSTEE · 1 hrs/week $25,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

ROBERT STEIGMEYERPRESIDENT & CEO, MEMBER EX-OFFICIO

MATTHEW GIBB MDCHIEF CLINICAL OFFICER

LOUIS RUSSO MDPHYSICIAN

NICOLA FRANCALANCIA MDPHYSICIAN

MARY BAKKENSYSTEM CHIEF OPERATING OFFICER

SCOTT SLOANESENIOR VP, CFO, & TREASURER

SHAHAB MOOSSAVI MDPHYSICIAN

BURR LOEW MDPHYSICIAN

PATRICK MAGNUS MDPHYSICIAN

CHRISTOPHER ALLEN MDTRUSTEE (END 1/2024)

JOSEPH MEYER MDTRUSTEE

ARI SALIS MDTRUSTEE

PHILIP EMMATRUSTEE

PETER NOORDSIJ MDTRUSTEE

ROBERT SEGALTRUSTEE

MATTHEW NADEAUTRUSTEE

WILLIAM CHAPMAN ESQSECRETARY (END 1/2024)

MANISHA PATEL DDSCHAIR

LUCY KARL ESQTRUSTEE

LUCY HODDER ESQSECRETARY

LINDA LORDENTRUSTEE

KATHERINE SAUNDERSTRUSTEE

JEFFREY TOWLETRUSTEE (END 1/2024)

JEANIE FORRESTERTRUSTEE

FREDERICK BRICCETTI MDTRUSTEE

DON WELFORDTRUSTEE

DAVID WEISSTRUSTEE

CHARLES FANARASVICE CHAIR

About this charity

Recognized since: January 1987
Location: 250 Pleasant Street, Concord, NH 03301
County: Merrimack
In care of: Scott Sloane
Primary officer: Scott Sloane, Senior VP, CFO, & Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(603) 228-4677

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: BAKER NEWMAN & NOYES
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals