Valley Regional Hospital Inc

Nonprofit profile at a glance

EIN
020222118
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Claremont, NH, USA
Phone
6035427771
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$80,091,262
Expenses
$70,117,793
Assets
$83,821,173
Liabilities
$19,596,326

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • CATHARINE CRAWFORD MD (MED STAFF PRESIDENT/EX-OFFICIO (AS OF 8/27/25))
  • JOCELYN CAPLE MD (INTERIM CEO (THROUGH 12/8/24))
  • MATTHEW FOSTER (CEO (AS OF 12/9/24))

Highest reported compensation

  • PATRICK F JORDAN III MBA (TRUSTEE (THROUGH 6/21/25)): $1,211,968 total reported compensation
  • JOHN A LEBLANC DO (ORTHOPEDIC SURGEON): $673,557 total reported compensation
  • STEPHEN D SURGENOR MD (TRUSTEE / DH DIRECTOR OF ANESTHESIOLOGY): $666,978 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 mission of valley regional hospital, inc. Is to improve community health, patient experience, and value. Our vision is to partner with the community to optimize health by ensuring access to high value health care.

What it reported doing in 2024

Valley regional hospital is a provider of health services with facilities in the claremont, nh area. The hospital grants credit to patients, substantially all of whom are local residents. The hospital also provides care to patients who meet certain criteria under its financial assistance policy without charge or at amounts less than its established rates. The hospital does not pursue collection of amounts determined to qualify as financially-assisted care. The hospital maintains records to identify and monitor the level of financially-assisted care it provides. For the year ending september 30, 2025, charges forgone for services and supplies furnished under the charity care policy were approximately $868,082. The estimated cost of those services and supplies was approximately $521,000. (continued on schedule o)

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 65
  • Accountability: 82
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.4%; rating input score 81
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 70%; rating input score 70; 21st 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: 12.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: 81.4% of revenue deployed · 84.2% of spending went to programs
  • Governance: 14 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $59M in reported program spending
  • Leadership: top reported pay $1.2M · 32 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $9M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 10 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.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 22/100.