Catholic Healthcare Trust
Nonprofit profile at a glance
- EIN
- 020315693
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Manchester, NH, USA
- Phone
- 3066683545
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Hospital, General
- Affiliation
- Christianity
Reported finances
- Revenue
- $176,899,468
- Expenses
- $208,212,243
- Assets
- $120,595,601
- Liabilities
- $71,457,286
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- Alexander Walker Jr (President & CEO (end 4/2025))
- Isideal Cuko (President & CEO)
Highest reported compensation
- Alexander Walker Jr (President & CEO (end 4/2025)): $1,084,638 total reported compensation
- Robert Capodilupo MD (Int. Trustee/Exec Med Dir.(end 1/25)): $794,813 total reported compensation
- Patricia Furey MD (Director/Med Staff Pres. (end 1/25)): $587,390 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The heart of the Organization is to carry out Christ's healing ministry by offering health, healing, and hope to every individual who seeks our care.
What it reported doing in 2024
Medical, surgical, and various other services. Please see Schedule H.The Catholic Healthcare Trust ("CHT," f/k/a the Catholic Medical Center) was an agency of the Roman Catholic Church and provided health care in a manner consistent with the Ethical and Religious Directives for Catholic Health Care Services as interpreted by the Roman Catholic Bishop of Manchester. Throughout its existence, CHT employed the highest quality health care professionals and the most appropriate technology to deliver an array of services, either directly or through strategic alliances with compatible health care providers. With dignity and compassion, CHT treated the body, mind, and spirit of all who sought or provided care and comfort. Additional details are provided in Schedule H.Additionally, starting in January 2025, the Organization's operations consisted entirely of administrative and wind-down functions, as the majority of its assets and activities were transferred to the Healthcare Corporation of America (HCA), with any remaining net assets being contributed to a charitable foundation dedicated to furthering Catholic health care and human services. It is the position of the Organization that these wind-down procedures will ultimately lead to the more efficient and effective provision of care and health services in the Organization's community, thereby better fulfilling its mission to further Christ's ministry of health.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: $152.51 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 53rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.7%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 86.8% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $180.7M in reported program spending
- Leadership: top reported pay $1.1M · 23 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $39.6M reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 12 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 4/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 50/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.