Lancaster Patient Care Center
Nonprofit profile at a glance
- EIN
- 832130386
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Lancaster, NH, USA
- Phone
- 6037884911
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $179,000
- Expenses
- $593,318
- Assets
- $11,676,019
- Liabilities
- $13,499,178
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MATTHEW STREETER (CHAIR & SYSTEM CFO/INTERIM CEO WMC)
- THOMAS MEE (SYSTEM CEO)
Highest reported compensation
- THOMAS MEE (SYSTEM CEO): $914,058 total reported compensation
- MATTHEW STREETER (CHAIR & SYSTEM CFO/INTERIM CEO WMC): $475,130 total reported compensation
- LISA TETREAULT (SECRETARY): $110,348 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lancaster patient care center (the "corporation") is organized and shall always be operated exclusively for the benefit of weeks medical center ("wmc"), a New Hampshire nonprofit corporation, all in furtherance of charitable and educational purposes within the meaning.
What it reported doing in 2024
The organization is supporting weeks medical center by obtaining financing for the building of a 45,310 square foot physician office building through a new market tax credit structure. Financing was executed on november 14, 2018. Weeks medical center is leasing the space from lpcc as of december 2019. The financing structure will remain intact for at least seven years, per the new market tax credit regulations. The project started in fiscal year 2019 and was completed in fiscal year 2020.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most filed governance safeguards are in place. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 55
- Accountability: 77
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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: No; rating input score 0
Accountability
- Independent voting board: 60%; rating input score 60; 17th 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: -231.5%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 19.68; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 1.16; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 17.2% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: -3.5% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.6% of spending went to programs
- Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $544K in reported program spending
- Leadership: top reported pay $914K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: 8 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 21/100.