Capital Region Health Ventures Corp

Overview

Mission

Provide medical care to community

What it reported doing in 2023

CRHVC provides support to Concord Imaging Center, an out-patient imaging services center, Capital Orthopedic Surgery Center, and Concord Endoscopy Center.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
020438264
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Headquarters
Concord, NH, USA
Phone
6032277000
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 60
  • Accountability: 81
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.4%; rating input score 42
  • Program expense ratio: 77.9%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 45.5%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 1.87; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 16.1% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 42.4% of revenue deployed · 77.9% of spending went to programs
  • Governance: 5 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.5M in reported program spending
  • Leadership: top reported pay $1.9M · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 18 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

8 people listed

Highest reported compensation

  • Robert Steigmeyer (President & CEO, Member Ex-Officio): $1,901,942 total reported compensation
  • Scott Sloane (Senior VP, CFO, & Treasurer): $847,462 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.