Overview
What is Concord Hospital - Laconia?
Concord Hospital - Laconia, located at 250 Pleasant Street, Concord, New Hampshire, is a charitable hospital with a workforce of 1296 employees. They invest significant resources in community benefit programs and services, allocating almost $20 million in FYE 2022. Major areas of investment include charitable care services and subsidized programs. The hospital exists to address the health needs of individuals within the communities it serves, enhancing its ability to deliver quality patient care and address identified community health needs overall.
Official website here: www.concordhospital-laconia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
Concord Hospital - Laconia has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The overall score is derived entirely from a single beacon score, emphasizing the organization’s strong governance and financial practices.
The nonprofit demonstrates exceptional oversight with an 83% independent board, ensuring integrity in its decision-making processes. Additionally, it has solid financial health, with a program expense ratio of 83.85%, indicating that a significant portion of its resources is directed towards its mission rather than administrative costs.
The organization adheres to best practices by maintaining a conflict of interest policy, a whistleblower policy, and proper documentation procedures. With no material diversions of assets and thorough financial reporting, Concord Hospital - Laconia exemplifies a trustworthy and efficiently run nonprofit in the healthcare sector.
This AI summary has been generated from information found on Charity Navigator.
Is Concord Hospital - Laconia legitimate?
Concord Hospital - Laconia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Hospital - Laconia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,875,517
For more financial information, click here
Official website here: www.concordhospital-laconia.org
What is the mission statement of Concord Hospital - Laconia?
Concord Hospital-Laconia is a charitable organization dedicated to addressing the health needs of the communities it serves. Its mission is geared towards enhancing the capability to deliver quality patient care and address identified community health requirements. In the previous fiscal year, the organization invested close to 20 million dollars in community benefit programs, services, and other expenses. The largest sectors of support were charitable care services and subsidized programs and services. These investments strengthen the hospital's capacity to provide exceptional patient care and fulfill its overarching charitable mission.
Official website here: www.concordhospital-laconia.org
Who is the CEO of Concord Hospital - Laconia?
Robert P Steigmeyer is the CEO of Concord Hospital - Laconia The CEO's salary of Concord Hospital - Laconia is $0 and their total compensation is $1,744,066.
Official website here: www.concordhospital-laconia.org
What is the revenue of Concord Hospital - Laconia?
Concord Hospital - Laconia's revenue in 2023 was $139,887,290.
Official website here: www.concordhospital-laconia.org
Who are the executives of Concord Hospital - Laconia and what are their salaries?
The average compensation at Concord Hospital - Laconia during 2023 was $63,271. There are 1136 employees and 7 volunteers at Concord Hospital - Laconia.
Here are 18 key members and their salaries (Concord Hospital - Laconia's CEO's salary is $0 and their total compensation is $1,744,066):
- Compensation: $0
- Related: $1,440,673
- Other: $303,393
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $636,917
- Other: $143,367
- Compensation: $0
- Related: $491,329
- Other: $46,540
- Compensation: $0
- Related: $839,758
- Other: $116,011
- Compensation: $0
- Related: $386,613
- Other: $95,874
- Compensation: $85,851
- Related: $349,090
- Other: $39,672
- Compensation: $84,241
- Related: $331,261
- Other: $17,015
- Compensation: $85,625
- Related: $374,944
- Other: $27,967
- Compensation: $115,046
- Related: $494,459
- Other: $65,621
- Compensation: $105,664
- Related: $471,587
- Other: $37,503
- Compensation: $0
- Related: $419,689
- Other: $6,598
Official website here: www.concordhospital-laconia.org
Where can I find the form 990 for Concord Hospital - Laconia?
Concord Hospital - Laconia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.concordhospital-laconia.org
Learn more at the official website: www.concordhospital-laconia.org
Mission Statement of Concord Hospital - Laconia
Concord Hospital-Laconia, a charitable organization, is dedicated to addressing the health needs of individuals within the communities it serves. Established with a mission to enhance the quality of patient care and respond to identified community health requirements, this hospital invests significantly in various community benefit programs and services. In the fiscal year ending 2022, Concord Hospital-Laconia allocated nearly $20 million towards charitable care services and subsidized programs and services. These investments enable the hospital to fulfill its mission effectively and provide essential healthcare resources to those in need. By prioritizing charitable care and subsidized programs, Concord Hospital-Laconia strengthens its ability to make a positive impact on the overall health and wellbeing of the communities it serves.
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Impact
October, 2024
Concord Hospital - Laconia plays a vital role in enhancing community health and wellbeing. In the fiscal year 2022, the hospital invested nearly $20 million in community benefit programs and services, significantly impacting local residents. This investment primarily went towards charitable care services and subsidized health programs, enabling the hospital to provide essential medical care to those in need.
By addressing identified community health needs, Concord Hospital - Laconia not only supports individuals facing financial hardships but also strengthens the overall healthcare infrastructure in the region. The organization is dedicated to its mission of meeting the health needs of individuals within the communities it serves, ensuring that quality patient care remains accessible and responsive to all. Through its extensive services and community-focused initiatives, the hospital contributes to a healthier population and fosters an environment where residents can thrive.
This information is meant to be a general summary of Concord Hospital - Laconia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $129,648
- Program Service Revenue: $137,121,396
- Gross Receipts: $139,895,649
Assets and Liabilities:
- Total Assets: $62,507,843
- Total Liabilities: $24,511,070
- Net Assets: $37,996,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient services
Revenue
$128,499,265
Disproportionate share funding
Revenue
$6,782,124
Hospital auxiliary services
Revenue
$1,220,447
Food services
Revenue
$543,731
Pharmacies
Revenue
$75,829
Organization Details
Founding Year
2020
Principal Officer
Robert P Steigmeyer
NTEE Category
Code: E20 - Health
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