Hitchcock Foundation

Nonprofit profile at a glance

EIN
020222139
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Lebanon, NH, USA
Phone
6036505000
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$261,237
Expenses
$722,415
Assets
$47,129,561
Liabilities
$235,209

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TRACY OSTLER (EXECUTIVE DIRECTOR)

People named in this filing

  • HEATHER WISHART PHD (TRUSTEE / BOARD SECRETARY / NEUROPSYCHOLOGIST)
  • LAWRENCE DACEY MD (TRUSTEE/CHAIR)
  • STEVEN BOYCE (TRUSTEE / TREASURER/BUSINESS MANAGER - NEUROLOGY RESEARCH)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hitchcock foundation's purpose is to aid and advance the study and investigation of human ailments and injuries; and the causes, prevention, relief, and cure thereof; and the study and investigation of problems of hygiene, health and public welfare; and the promotion of medical, (continued on schedule o)

What it reported doing in 2025

The hitchcock foundation provides between 15 and 20 grants per year and sponsors over 300 advised funds that support clinically-oriented research and education activities in furtherance of our mission. Sponsored research funds support discrete clinical and biomedical research projects, and are funded by external sources including corporations and foundations. Advised funds are established by the executive director under the authority of the board of trustees. They are funded with contributions intended to support activities consistent with our charitable mission, particularly clinical research and education. They are not donor-advised funds; rather, the advisers are scientists and clinicians with expertise in the areas of research and education supported by the fund. The foundation also provides funding for research grants and fellowships; amounts awarded range from $1,000 to $125,000 and are awarded on a competitive basis.

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 97% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 59
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 80%; rating input score 80; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 18th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -176.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 65.24; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: -7.3% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -6.3% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.6% of spending went to programs
  • Governance: 4 of 10 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $633K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Highest-paid contractors: 3 contractors listed · $544K reported
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 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.

  • Moderate — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.