Upper Connecticut Valley Hospital Association

Upper Connecticut Valley Hospital Association shows strong revenue growth and positive net income over the past decade.

EIN: 20276210 · Colebrook, NH · NTEE: E22Z · Updated: 2026-03-28

$36.3MRevenue

$41.9MAssets

80/100Mission Score (Excellent)

E22Z

About Upper Connecticut Valley Hospital Association

Upper Connecticut Valley Hospital Association (EIN: 20276210) is a nonprofit organization based in Colebrook, NH, classified under NTEE code E22Z. The organization reported total revenue of $36.3M and total assets of $41.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Connecticut Valley Hospital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Upper Connecticut Valley Hospital Association demonstrates consistent financial growth and appears to maintain a healthy financial position. Over the past decade, the organization's revenue has more than doubled, from $15,826,229 in 2014 to $37,307,307 in 2023, indicating strong operational performance and community support. Assets have also grown significantly, reaching $41,887,833 in 2023, while liabilities have fluctuated but remained manageable relative to assets, suggesting good asset management.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent positive net income (revenue exceeding expenses) across most years, such as $5,928,371 in 2023 and $2,477,887 in 2022, suggests effective cost management relative to its operations. The absence of reported officer compensation in the provided data is notable and could indicate a highly volunteer-driven leadership or that compensation is reported differently, which warrants further investigation for complete transparency.

Overall, the financial trends suggest a stable and growing entity. The lack of reported officer compensation in the summary data, while potentially positive, also means a key aspect of executive transparency cannot be fully evaluated from the provided information. Further detailed analysis of their Form 990 would be necessary to fully understand their operational efficiency and compensation practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Upper Connecticut Valley Hospital Association with a Mission Score of 80 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: 85%
fundraising: 5%

According to IRS 990 filings, Upper Connecticut Valley Hospital Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data indicates 0% officer compensation across all reported periods, which is unusual for an organization of this size with over $37 million in annual revenue. This suggests either that executive compensation is not reported under 'Officer Comp' in this summary, or that the organization relies heavily on volunteer leadership, which would be a significant strength in terms of resource allocation.

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 Upper Connecticut Valley Hospital Association's IRS 990 filings:

Lack of detailed spending breakdown in summary data
0% officer compensation reported, which is atypical for an organization of this size and requires further investigation into detailed filings.

Strengths

The following positive indicators were identified for Upper Connecticut Valley Hospital Association:

Consistent and significant revenue growth, more than doubling from 2014 to 2023.
Positive net income in most years, indicating effective financial management.
Substantial growth in assets, demonstrating increased capacity and resources.
Reduction in liabilities from a peak in 2020 to a more manageable level in 2023.

Frequently Asked Questions about Upper Connecticut Valley Hospital Association

Is Upper Connecticut Valley Hospital Association financially stable?

Yes, the organization appears financially stable, demonstrating consistent revenue growth from $15.8 million in 2014 to $37.3 million in 2023, and maintaining positive net income in most years, such as $5.9 million in 2023.

How has the organization's asset base changed over time?

The organization's assets have grown substantially, from $21.2 million in 2014 to $41.8 million in 2023, indicating significant growth in its resource base.

What is the trend in liabilities for Upper Connecticut Valley Hospital Association?

Liabilities have fluctuated, peaking at $22.6 million in 2020 but decreasing to $6.5 million in 2023, suggesting effective management of debt and obligations.

Does Upper Connecticut Valley Hospital Association pay its officers?

The provided summary data consistently reports 0% for 'Officer Comp' across all years, which is highly unusual for an organization of this scale and warrants further investigation into their detailed Form 990 filings to understand executive compensation practices.

Filing History

IRS 990 filing history for Upper Connecticut Valley Hospital Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Upper Connecticut Valley Hospital Association's revenue has grown by 145.4%, moving from $15.2M to $37.3M. Total assets increased by 160.1% over the same period, from $16.1M to $41.9M. Total functional expenses rose by 100.7%, from $15.6M to $31.4M. In its most recent filing year (2023), Upper Connecticut Valley Hospital Association reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $41.9M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $35.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$37.3M	$31.4M	$41.9M	$6.6M	—	—
2022	$29.1M	$26.6M	$40.3M	$11.5M	—	View 990
2021	$27.3M	$22.2M	$47.0M	$18.2M	—	View 990
2020	$21.0M	$19.4M	$45.4M	$22.6M	—	—
2019	$18.9M	$18.7M	$32.2M	$12.5M	—	View 990
2018	$18.6M	$17.5M	$29.8M	$10.5M	—	View 990
2017	$18.0M	$16.9M	$26.6M	$8.7M	—	View 990
2016	$16.7M	$16.0M	$24.8M	$8.4M	—	View 990
2015	$16.2M	$15.6M	$23.3M	$8.2M	—	View 990
2014	$15.8M	$14.6M	$21.2M	$6.2M	—	View 990
2013	$15.2M	$16.1M	$19.4M	$5.7M	—	View 990
2012	$14.9M	$15.3M	$17.9M	$4.8M	—	View 990
2011	$15.2M	$15.6M	$16.1M	$4.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $37.3M, expenses of $31.4M, and assets of $41.9M (revenue +28.3% year-over-year).
2022: Revenue of $29.1M, expenses of $26.6M, and assets of $40.3M (revenue +6.4% year-over-year).
2021: Revenue of $27.3M, expenses of $22.2M, and assets of $47.0M (revenue +29.8% year-over-year).
2020: Revenue of $21.0M, expenses of $19.4M, and assets of $45.4M (revenue +11.2% year-over-year).
2019: Revenue of $18.9M, expenses of $18.7M, and assets of $32.2M (revenue +1.6% year-over-year).
2018: Revenue of $18.6M, expenses of $17.5M, and assets of $29.8M (revenue +3.6% year-over-year).
2017: Revenue of $18.0M, expenses of $16.9M, and assets of $26.6M (revenue +8.0% year-over-year).
2016: Revenue of $16.7M, expenses of $16.0M, and assets of $24.8M (revenue +2.9% year-over-year).
2015: Revenue of $16.2M, expenses of $15.6M, and assets of $23.3M (revenue +2.2% year-over-year).
2014: Revenue of $15.8M, expenses of $14.6M, and assets of $21.2M (revenue +4.0% year-over-year).
2013: Revenue of $15.2M, expenses of $16.1M, and assets of $19.4M (revenue +2.5% year-over-year).
2012: Revenue of $14.9M, expenses of $15.3M, and assets of $17.9M (revenue -2.3% year-over-year).
2011: Revenue of $15.2M, expenses of $15.6M, and assets of $16.1M.

Data Sources and Methodology

This transparency report for Upper Connecticut Valley Hospital Association 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.