Concord Hospital Inc
Concord Hospital: Strong Financials, High Executive Pay
EIN: 222594672 · Concord, NH · NTEE: E220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $799.9M |
| Total Expenses | $595.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2,225,946 |
| Net Assets | $448.4M |
| Transparency Score | 85/100 |
Is Concord Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord Hospital Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord Hospital Inc
Concord Hospital Inc (EIN: 222594672) is a nonprofit organization based in Concord, NH, classified under NTEE code E220. The organization reported total revenue of $799.9M and total assets of $969.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Hospital Inc is a major nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $623.5M |
| Total Expenses | $595.9M |
| Surplus / Deficit | +$27.6M |
| Total Assets | $819.5M |
| Total Liabilities | $371.1M |
| Net Assets | $448.4M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 45.3% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Concord Hospital Inc reported a surplus of $27.6M with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 45.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Concord Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | -1.7% | +18.4% |
| 2022 | +2.9% | +3.9% | -12.5% |
| 2021 | +12.1% | +8.1% | +13.4% |
| 2020 | +3.1% | +1.4% | +12.4% |
| 2019 | +0.3% | +3.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Concord Hospital Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Concord Hospital Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.3%.
Executive Compensation Analysis
The CEO's compensation of $2,225,946 in 2023 appears high relative to the organization's revenue and mission, especially when considering the average salaries in the healthcare sector for similar-sized hospitals.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Concord Hospital Inc's IRS 990 filings:
- Executive compensation of $2,225,946 for the CEO raises questions about resource allocation.
- While revenue is strong, the growth in liabilities from $371,113,098 in 2023 to $387,848,012 in 2020 warrants further investigation.
Strengths
The following positive indicators were identified for Concord Hospital Inc:
- Consistent revenue growth, with $623,479,394 in 2023, demonstrates financial stability.
- Strong asset base of $819,519,638 in 2023 provides a solid foundation for operations.
- Positive net assets indicate good financial health over time.
Frequently Asked Questions about Concord Hospital Inc
Is Concord Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concord Hospital Inc (EIN: 222594672) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Concord Hospital Inc spend its money?
Concord Hospital Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concord Hospital Inc tax-deductible?
Concord Hospital Inc is registered as a tax-exempt nonprofit (EIN: 222594672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concord Hospital Inc CEO make?
Concord Hospital Inc's highest-compensated officer earns $2,225,946 annually. The organization reported $799.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Concord Hospital Inc's spending goes to programs?
Concord Hospital Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concord Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Concord Hospital Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord Hospital Inc located?
Concord Hospital Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 222594672. It is classified under NTEE code E220.
How many years of IRS 990 filings does Concord Hospital Inc have?
Concord Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $799.9M in total revenue.
What does Concord Hospital Inc do?
Concord Hospital Inc is a nonprofit organization in the Health Care sector, located in Concord, New Hampshire. It is classified under NTEE code E220.
How much revenue does Concord Hospital Inc have?
Concord Hospital Inc reported total revenue of $799,935,957. Based on 13 IRS 990 filings on record.
What are Concord Hospital Inc's total assets?
Concord Hospital Inc holds total assets of $969,779,290 as reported in IRS 990 filings.
Where is Concord Hospital Inc located?
Concord Hospital Inc is based in Concord, New Hampshire.
What is Concord Hospital Inc's EIN?
Concord Hospital Inc's Employer Identification Number (EIN) is 222594672. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Concord Hospital Inc?
Concord Hospital Inc is classified under NTEE code E220 (Health Care).
Is Concord Hospital Inc a registered 501(c)(3)?
Yes, Concord Hospital Inc is recognized as a tax-exempt organization by the IRS. EIN: 222594672.
Does Concord Hospital Inc file IRS Form 990?
Yes, Concord Hospital Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Concord Hospital Inc's revenue in 2023?
In the 202309 filing period, Concord Hospital Inc reported total revenue of $623,479,394, total expenses of $595,874,619, and net assets of $819,519,638.
Is Concord Hospital Inc's revenue growing or declining?
Concord Hospital Inc's revenue is relatively stable. Revenue went from $640,674,263 (202209) to $623,479,394 (202309), a -2.7% change. Based on 13 filings on record.
What is Concord Hospital Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Concord Hospital Inc covers tax period 202309. It shows revenue of $623,479,394, expenses of $595,874,619, total assets of $819,519,638, and liabilities of $371,113,098.
How much does Concord Hospital Inc spend on programs vs administration?
Based on IRS 990 analysis, Concord Hospital Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Concord Hospital Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Concord Hospital Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Concord Hospital Inc?
The following concerns were identified: Executive compensation of $2,225,946 for the CEO raises questions about resource allocation.. While revenue is strong, the growth in liabilities from $371,113,098 in 2023 to $387,848,012 in 2020 warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Concord Hospital Inc's strengths?
Positive indicators for Concord Hospital Inc include: Consistent revenue growth, with $623,479,394 in 2023, demonstrates financial stability.. Strong asset base of $819,519,638 in 2023 provides a solid foundation for operations.. Positive net assets indicate good financial health over time.. These findings are derived from AI analysis of the organization's financial filings.
How does Concord Hospital Inc compensate executives?
The CEO's compensation of $2,225,946 in 2023 appears high relative to the organization's revenue and mission, especially when considering the average salaries in the healthcare sector for similar-sized hospitals. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Concord Hospital justify the significant increase in executive compensation, particularly the CEO's $2,225,946, in relation to its nonprofit status and community benefit goals?
While specific justification is not detailed in public filings, such compensation packages are often benchmarked against similar-sized healthcare systems. However, for a nonprofit, this level of pay can draw scrutiny regarding the balance between market competitiveness and mission-driven resource allocation.
What are the primary drivers behind the fluctuations in total liabilities, which saw a decrease from $387,848,012 in 2020 to $371,113,098 in 2023, and how does this impact the hospital's long-term financial strategy?
The decrease in liabilities could be due to various factors such as debt repayment, favorable refinancing, or changes in operational obligations. A reduction in liabilities generally improves financial flexibility and reduces interest burdens, positively impacting long-term strategy by freeing up resources for mission-related activities.
Filing History
IRS 990 filing history for Concord Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Concord Hospital Inc's revenue has grown by 50.4%, moving from $414.7M to $623.5M. Total assets increased by 106.4% over the same period, from $397.0M to $819.5M. Total functional expenses rose by 53.5%, from $388.3M to $595.9M. In its most recent filing year (2023), Concord Hospital Inc reported a surplus of $27.6M, with revenue exceeding expenses. The organization holds $371.1M in liabilities against $819.5M in assets (debt-to-asset ratio: 45.3%), resulting in net assets of $448.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $623.5M | $595.9M | $819.5M | $371.1M | — | View 990 |
| 2022 | $640.7M | $605.9M | $692.1M | $330.1M | — | View 990 |
| 2021 | $622.8M | $583.0M | $790.8M | $377.6M | — | View 990 |
| 2020 | $555.7M | $539.5M | $697.4M | $387.8M | — | — |
| 2019 | $539.1M | $532.0M | $620.3M | $306.8M | — | View 990 |
| 2018 | $537.2M | $515.7M | $636.3M | $289.4M | — | View 990 |
| 2017 | $505.3M | $477.3M | $562.7M | $242.6M | — | View 990 |
| 2016 | $487.2M | $449.0M | $519.4M | $271.9M | — | View 990 |
| 2015 | $444.6M | $417.2M | $490.4M | $258.4M | — | View 990 |
| 2014 | $448.8M | $418.3M | $514.3M | $252.7M | — | View 990 |
| 2013 | $422.2M | $407.8M | $489.2M | $244.0M | — | View 990 |
| 2012 | $422.3M | $399.2M | $425.7M | $243.0M | — | View 990 |
| 2011 | $414.7M | $388.3M | $397.0M | $237.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $623.5M, expenses of $595.9M, and assets of $819.5M (revenue -2.7% year-over-year).
- 2022: Revenue of $640.7M, expenses of $605.9M, and assets of $692.1M (revenue +2.9% year-over-year).
- 2021: Revenue of $622.8M, expenses of $583.0M, and assets of $790.8M (revenue +12.1% year-over-year).
- 2020: Revenue of $555.7M, expenses of $539.5M, and assets of $697.4M (revenue +3.1% year-over-year).
- 2019: Revenue of $539.1M, expenses of $532.0M, and assets of $620.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $537.2M, expenses of $515.7M, and assets of $636.3M (revenue +6.3% year-over-year).
- 2017: Revenue of $505.3M, expenses of $477.3M, and assets of $562.7M (revenue +3.7% year-over-year).
- 2016: Revenue of $487.2M, expenses of $449.0M, and assets of $519.4M (revenue +9.6% year-over-year).
- 2015: Revenue of $444.6M, expenses of $417.2M, and assets of $490.4M (revenue -0.9% year-over-year).
- 2014: Revenue of $448.8M, expenses of $418.3M, and assets of $514.3M (revenue +6.3% year-over-year).
- 2013: Revenue of $422.2M, expenses of $407.8M, and assets of $489.2M (revenue +-0.0% year-over-year).
- 2012: Revenue of $422.3M, expenses of $399.2M, and assets of $425.7M (revenue +1.8% year-over-year).
- 2011: Revenue of $414.7M, expenses of $388.3M, and assets of $397.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Hospital Inc:
Data Sources and Methodology
This transparency report for Concord Hospital Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.