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Concord Hospital Laconia

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Hospitals and Related Primary Medical Care Facilities (NTEE)

Donations to this organization are tax deductible.

Details

According to its Sept. 2023 tax filing, this nonprofit:

Operated hospital facilities
Organization operated one or more hospital facilities. Details are reported on Schedule H.

Summary charts: organization finances over time

Revenue
$140M (2023)

Expenses
$151M (2023)

Total Assets
$60.1M (2023)

Total Liabilities
$24.7M (2023)

Source: Form 990 tax filings from 2021 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,887,290
Expenses
$150,570,506
Net Income
-$10,683,216
Net Assets
$35,407,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,569,605
1.1%
Program Services $137,121,396
98.0%
Investment Income $129,648
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $21,900
0.0%
Net Fundraising $0
Sales of Assets $6,942
0.0%
Net Inventory Sales $6,748
0.0%
Other Revenue $1,031,051
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $71,875,517
47.7%
Assets/Debt
Total Assets $60,120,009
Total Liabilities $24,712,747
Net Assets $35,407,262
Other
Operated hospital facilities
Compensation
Key Employees and Officers Compensation Related Other
Raza Shariff Md (Physician) $115,046 $494,459 $65,621
Christopher Weinmann Md (Physician) $105,664 $471,587 $37,503
Julia Fiuk Md (Physician) $85,851 $349,090 $39,672
Stephen Marshall Md (Physician) $85,625 $374,944 $27,967
Krista Hachey Md (Physician) $84,241 $331,261 $17,015
Robert P Steigmeyer (President & Ceo, Member Ex Officio) $0 $1,440,673 $303,393
Sol Asmar (Trustee (End 1/2023)) $0 $0 $0
Lucy Karl Esq (Trustee (Start 1/2023)) $0 $0 $0
Robert Segal (Trustee) $0 $0 $0
Philip Emma (Chair (End 1/2023)) $0 $0 $0
Manisha Patel Dds (Chair) $0 $0 $0
Charles Fanaras (Vice Chair (Start 1/2023)) $0 $0 $0
William Chapman Esq (Secretary) $0 $0 $0
Scott Sloane (Senior Vp, Cfo, & Treasurer) $0 $636,917 $143,367
Mary Bakken (System Chief Operating Officer) $0 $491,329 $46,540
Matthew Gibb (Chief Clinical Officer) $0 $839,758 $116,011
Kevin Mc Carthy (Chief Administrative Officer) $0 $386,613 $95,874
Kevin Donovan (Former Chief Admin Officer) $0 $419,689 $6,598

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,628,883
Expenses
$154,027,396
Net Income
-$10,398,513
Net Assets
$37,996,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,298,980
1.6%
Program Services $141,094,010
98.2%
Investment Income $148,328
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $79,365
0.1%
Net Fundraising $0
Sales of Assets $8,200
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,357,287
49.6%
Assets/Debt
Total Assets $62,507,843
Total Liabilities $24,511,070
Net Assets $37,996,773
Other
Operated hospital facilities
Compensation
Key Employees and Officers Compensation Related Other
Tajammul Shafique Md (Physician) $402,908 $0 $20,258
Raza M Shariff Md (Physician) $393,960 $0 $22,510
Christopher Weinmann Md (Physician) $355,544 $0 $20,789
Fredderic Fernholz Md (Physician) $277,298 $0 $17,701
Vercin Ephrem Md (President Medical Staff) $248,306 $0 $22,178
Robert Steigmeyer (President & Ceo; Ex Officio) $0 $1,415,834 $270,620
Sol Asmar (Trustee) $0 $0 $0
Robert Segal (Trustee) $0 $0 $0
Philip Emma (Chair) $0 $0 $0
Manisha Patel Dds (Vice Chair) $0 $0 $0
William Chapman Esq (Secretary) $0 $0 $0
Scott Sloane (Treasurer) $0 $620,216 $138,222
Matthew Gibb (Chief Clinical Officer) $0 $857,617 $109,187
Kevin Donovan Cao (Chief Administrative Off. (End 3/22)) $0 $276,524 $12,725

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,154,882
Expenses
$60,696,774
Net Income
-$7,541,892
Net Assets
$34,351,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $323,359
0.6%
Program Services $52,789,567
99.3%
Investment Income $29,825
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,131
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,251,937
48.2%
Assets/Debt
Total Assets $50,420,745
Total Liabilities $16,069,700
Net Assets $34,351,045
Other
Operated hospital facilities
Compensation
Key Employees and Officers Compensation Related Other
Robert Steigmeyer (President & Ceo; Ex Officio) $0 $1,208,058 $258,370
Sol Asmar (Trustee) $0 $0 $0
Robert Segal (Trustee) $0 $0 $0
Philip Emma (Chair) $0 $0 $0
Manisha Patel Dds (Vice Chair) $0 $0 $0
William Chapman Esq (Secretary) $0 $0 $0
Scott Sloane (Treasurer) $0 $529,605 $87,526
Matthew Gibb (Chief Clinical Officer) $0 $750,059 $56,498

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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