2025-05-12T15:16:51-05:00 2024-06-30 010494526 Baker Newman & Noyes 650 Elm Street Suite 302 Manchester NH 03101 990 2023-07-01 020456218 Foundation Medical Partners FOUN 6035772000 8 Prospect Street Nashua NH 030603928 Colin T McHugh SNHMC President/CEO/Secretary 6035772000 2025-04-08 1 0 Connor Smart P02285543 6036262200 2025-04-08 2023 2025-03-06 01:10:19Z James Watkins 8 Prospect Street Nashua NH 030603928 127607939 0 X www.snhhs.org X 1992 NH The Organization is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve 14 10 1004 10 0 0 1384443 257336 122539200 126368239 0 0 1388297 982364 125311940 127607939 0 0 0 0 112233692 123397344 0 0 0 52696193 44589435 164929885 167986779 -39617945 -40378840 57147729 63068368 59510897 66945451 -2363168 -3877083 X The Organization is dedicated to providing exceptional care that improves the health and well-being of individuals and communities we serve. The Organization is a provider of choice, delivering convenient access to high value, quality care in an environment that embraces dignity, compassion and service to the people of our community. 0 0 158292589 0 127350603 Health Care Services 158292589 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 69 0 1 1004 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NH MA X Kenneth Matsis 6032819286 8 Prospect Street Nashua NH 030603928 X Karen Maynard MD Trustee 42.00 6.00 X 653545 0 50111 Colin T McHugh SNHMC President/CEO/Secretary 2.00 49.00 X X 0 724184 50993 Marc Sadowsky MD Trustee 2.00 4.00 X 0 70574 0 John Friberg Esq Interim CEO, SolutionHealth 2.00 50.00 X X 0 568294 115687 Melliyal Annamalai Trustee 2.00 4.00 X 0 0 0 Sister Paula Marie Buley Trustee 2.00 4.00 X 0 0 0 Alonzo Deberry Trustee 2.00 4.00 X 0 0 0 Helen Honorow Esq Trustee 2.00 4.00 X 0 0 0 The Hon Joseph N Laplante Trustee 2.00 4.00 X 0 0 0 K Brian McLaughlin Trustee 2.00 4.00 X 0 0 0 Eitan Zeira Trustee 2.00 4.00 X 0 0 0 Craig Fitzgerald Acting Chair 2.00 4.00 X X 0 0 0 Bobbie D Bagley Vice Chair 2.00 4.00 X X 0 0 0 Mark William Begor Jr Treasurer 2.00 4.00 X X 0 0 0 James Watkins FMP Interim President 40.00 0.00 X 0 635600 0 Kenneth Matsis VP Finance, Southern NH Health 2.00 46.00 X 0 146687 2115 Michael Turilli SVP/CFO, SolutionHealth 2.00 50.00 X 0 597609 110268 Salvatore Vella Jr Chief Medical Officer 20.00 20.00 X 513175 0 78428 Tung T Nguyen MD Physician 40.00 2.00 X 1034812 0 77224 Michael R Kaczanowski MD Physician 40.00 2.00 X 1099401 0 77014 Mollie A MacCormack MD Physician 40.00 0.00 X 1124272 0 43512 Witta Jassir Physician 40.00 0.00 X 1047063 0 42201 Edward A Sirlin III MD Physician 40.00 0.00 X 912470 0 43777 6384738 2742948 691330 274 0 1 1 Mass Ceneral Physician Organization PO Box 3662 Boston MA 02241 Professional services 2964355 Weatherby Locum 6451 North Federal Hwy Suite 800 Fort Lauderdale FL 33308 Physician staffing 586156 Medicus Radiology Services LLC 22 Roulston Road Windham NH 03087 Professional services 398053 HPIII Manchester II LLC 1400 N Water Street Suite 500 Milwaukee WI 53202 Professional services 281291 New England Telemedice PA PO Box 81422 Wellesley Hills MA 02481 Professional services 172363 8 257336 257336 Offices of physicians 621110 131306606 131306606 Provision for bad debt 621110 -4938367 -4938367 126368239 982364 0 982364 982364 982364 127607939 127350603 0 0 X 1262853 1262853 100733460 95723619 5009841 3437494 3245298 192196 12178247 11510360 667887 5785290 5433200 352090 19126587 17589555 1537032 202017 189722 12295 447597 420358 27239 8002000 7641862 360138 480875 469636 11239 206827 206827 681892 644016 37876 2781672 2781672 Drugs/medical supplies 10879473 10867548 11925 Physician recruitment 618539 618539 Linen and laundry 238353 238353 Telephone 127714 122962 4752 795889 795889 167986779 158292589 9694190 0 8629488 8179892 511782 531126 2042825 2696633 24718033 19323575 5174628 5394458 4639568 4459675 36149438 41806584 57147729 63068368 6389696 5631624 3332745 2959875 49788456 58353952 59510897 66945451 X -2363168 -3877083 -2363168 -3877083 57147729 63068368 X -40378840 38864925 X X 0 1 X 1 0 X 1271609 1384443 257336 2913388 117018082 126187618 126221646 123927497 127350603 620705446 117018082 126187618 127493255 125311940 127607939 623618834 0 0 0 623618834 117018082 126187618 127493255 125311940 127607939 623618834 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 470501 470501 7091866 4210801 2881065 9022483 8428869 593614 8133183 6683905 1449278 5394458 Pension and insurance obligations 41802948 Long-term portion of sign-on-bonus 3636 41806584 Accrued pension liability 41802948 Accrued payroll liability 9591247 Malpractice obligations 2485936 Accrued benefits 14146 Operating lease liability 3884564 Current portion of Operating Leaase Liability 575111 58353952 X Part X, Line 2: The System, Medical Center, Surgery Center, Legacy Trust and Foundation are not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code, and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Management evaluated the System's tax positions and concluded the System has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the consolidated financial statements. 0 1 0 0 0 0 0 1 0 Michael R Kaczanowski MD Physician 1075376 0 0 0 24025 0 38516 0 38498 0 1176415 0 0 0 Mollie A MacCormack MD Physician 1123047 0 0 0 1225 0 38083 0 5429 0 1167784 0 0 0 Tung T Nguyen MD Physician 1032490 0 0 0 2322 0 42384 0 34840 0 1112036 0 0 0 Witta Jassir Physician 1044741 0 0 0 2322 0 6100 0 36101 0 1089264 0 0 0 Edward A Sirlin III MD Physician 909632 0 0 0 2838 0 6100 0 37677 0 956247 0 0 0 Colin T McHugh SNHMC President/CEO/Secretary 0 576681 0 139898 0 7605 0 15250 0 35743 0 775177 0 0 Michael Turilli SVP/CFO, SolutionHealth 0 491010 0 102300 0 4299 0 83285 0 26983 0 707877 0 0 Karen Maynard MD Trustee 649768 0 0 0 3777 0 12010 0 38101 0 703656 0 0 0 John Friberg Esq Interim CEO, SolutionHealth 0 464742 0 83862 0 19690 0 75717 0 39970 0 683981 0 0 James Watkins FMP Interim President 0 635600 0 0 0 0 0 0 0 0 0 635600 0 0 Salvatore Vella Jr Chief Medical Officer 460342 0 48400 0 4433 0 38506 0 39922 0 591603 0 0 0 Part I, Line 4b Schedule J, Part I, Line 4b: Southern New Hampshire Medical Center and Foundation Medical Partners each provide a Section 457(f) Supplemental Executive Retirement Plan to certain executives. Contributions to the 457(f) plan are included in the recipients' 2023 Form W-2, Box 5 wages, and are also included in the amounts reported on this Form 990, Schedule J, Part II, Column B(iii), for any applicable persons. Funding to the 457(f) plan during the year was provided to the following individuals in the amounts listed below: - Michael Kaczanowski: $22,800 Additionally, SolutionHealth, the parent-organization of Southern New Hampshire Health System, also maintains a 457(f) deferred compensation plan. The following individuals, each of whom qualify as either an officer, director, trustee, key employee, or highest compensated employee on this Form 990, Part VII, received contributions to their 457(f) deferred compensation plans during the 2023 calendar year as follows: - Michael Turilli: $80,692 - John E. Friberg, Esq.: $69,117 These amounts have been reported within the named individuals' deferred compensation figures as shown on this Schedule J, Part II, Column C. Part I, Line 7 Foundation Medical Partners providers participate in an incentive compensation plan. Payments are made under the Plan upon providers meeting certain productivity and quailty goals. Total payments under the Plan are subject to a maximum cap. The maximum possible incentive payment available under the Plan is considered by the organization's compensation committee when determining the reasonableness of compensation paid. There is an additional compensation plan available to managers, directors, and senior management that is part of their annual performance plan. The plan takes into consideration quality measures, patient satisfaction, individual goals, budget adherence, and overall organizational performance. The range and overall pool is reviewed and approved by the Board of Trustees. The amount designated for the CEO and CFO are considered in the compensation consultant's analysis of executive compensation. Part I, Line 3: The individuals who served as President of Foundation Medical Partners (FMP) were paid by a related organization, Southern New Hampshire Medical Center (SNHMC). SNHMC uses a compensation committee, independent compensation consultant, a compensation survey, and approval by the board or compensation committee to establish the compensation of the organization's CEO. Additionally, SNHMC paid Watkins Associates LLC $635,600 in 2023 in return for consulting services provided by James Watkins in his temporary role as Interim President & CEO of Foundation Medical Partners. Unrelated Organization Compensation Marc Sadowsky, is also the Medical Director of the Medical Center's Electro Convulsive Therapy (ECT) unit. During Calendar year 2023, Southern New Hampshire Medical Center paid New England Neurological Association $28,600 in in return for ECT and weekend coverage provided by Dr. Sadowsky to the Southern New Hampshire Health System. Form 990, Part VI, Section A, line 6 The sole corporate member of the Foundation is Southern New Hampshire Health System, Inc. Form 990, Part VI, Section A, line 7a Southern New Hampshire Health System, Inc. is the sole corporate member of the Foundation Medical Partners, Inc. and the two organizations have overlapping boards with one additional member on the Foundation Medical Partners Inc.'s board--the President of the Foundation Medical Partners, Inc. who serves as ex-officio but not on the board of Southern New Hampshire Health Systems, Inc. Form 990, Part VI, Section A, line 7b The sole Member, Southern New Hampshire Health System, Inc. (SNHHS), may consider any issue that may properly come before any meeting of Foundation Medical Partners (the Foundation). In addition, to any rights and powers conferred on SNHHS by law or these bylaws, the Foundation, and in the bylaws of SNHHS, SNHHS shall, after due consultation with the Board of Trustees of the Foundation: (a) appoint and remove, the President/Chief Executive Officer of the Foundation, subject to ratification of the Board of Trustees of the Foundation; (b) conduct system-wide strategic planning encompassing all corporations, including the Foundation, of which SNHHS is the sole corporate member and periodically develop, adopt, and periodically amend or revise a system-wide strategic plan that, among other things, established strategic priorities for the Foundation; (c) conduct system-wide financial and capital planning encompassing all corporations, including the Foundation, of which SNHHS is the sole corporate member and periodically develop, adopt, and periodically amend or revise system-wide financial plans and operating and capital improvements budget that, among other things, establish financial and budgetary priorities of the Foundation; (d) periodically conduct by appropriate means an evaluation of the performance of each member of a board of trustees of all corporations, including the Foundation, of which SNHHS is the sole corporate member, the results of which shall be used by the SNHHS Governance Committee to determine the Trustee's continued service on such board of trustees. The business and affairs of the Foundation shall be managed by its board of trustees. The Foundation's board, however, shall not, without approval of SNHHS: (a) elect or appoint the members of the Foundation's Board of Trustees or remove such person serving from time to time in that capacity; (b) adopt or amend the Foundation's Mission Statement; (c) adopt, amend or waive any material provision of the Foundation's strategic plan or any annual operating plan or budget; (d) incur indebtedness for borrowed money or enter into any capital lease obligation, in either case, that has not been specifically set forth in a written operating budget approved previously by the Member where the amount of the obligation exceeds $1,000,000 in amount; (e) enter into, agree to enter into or otherwise approve of any transaction including an incorporation, merger, consolidation, affiliation, dissolution, liquidation or sale of substantially all of the assets of the Foundation; (f) authorize expenditures contained in a capital and operating budget, even if previously approved by the Board of Trustees of the Foundation; (g) approve, adopt or enter into a professional or general services contract where the annual expense to the Foundation exceeds $1,000,000 and that has not previously been approved in the Foundation's annual budget; (h) amend the Articles of Agreement or these Bylaws; (i) acquire or agree to acquire by merging, consolidating with or by purchasing substantially all of the assets of any business or corporation, partnership, joint venture, association, business organization or division thereof, except with respect to an entity that is engaged in operating or maintaining a medical practice; and (j) elect or remove officers of the Foundation. Form 990, Part VI, Section B, line 11b A copy of the 990 was presented to the full Board and approved by the Finance Committee of the Board of Trustees prior to submission. Form 990, Part VI, Section B, line 12c The organization requires all its personnel, including Leaders, to formally acknowledge that they have read and will abide by the Code of Conduct, which includes the conflict of interest policy. The Foundation monitors compliance of its conflict of interest process, which requires completion of disclosure forms by all Leaders on an annual basis or on a reappointment basis (every two years) for medical/allied staff, to ensure full compliance. Interim disclosures are also required and reviewed should a subsequent conflict arise. Any related party disclosures require review and approval by a designated committee. An annual compliance report is provided to the Foundation's compliance committee and Board of Trustees. Form 990, Part VI, Section B, line 15 A market analysis is performed for all key employees including the FMP President/CEO on an annual basis. Once the Southern New Hampshire Health System CEO and CFO approve the final compensation figures for key employees, the CEO reports these figures to the chairperson and vice chairperson of the Board. Form 990, Part VI, Section C, line 19 The organization makes its 990 available for inspection upon request. The code of conduct is available on the organization's website. The code of Conduct addresses certain corporate policies including confidentiality, conflicts of interest, patient rights, and governing policies. Form 990, Part VII, Related Organization Compensation The individuals who served as President of Foundation Medical Partners (FMP) were paid by a related organization, Southern New Hampshire Medical Center (SNHMC). SNHMC uses a compensation committee, independent compensation consultant, a compensation survey, and approval by the board or compensation committee to establish the compensation of the organization's CEO. Additionally, SNHMC paid Watkins Associates LLC $635,600 in 2023 in return for consulting services provided by James Watkins. Form 990, Part IX, line 11g Purchased services: Program service expenses 17,589,555. Management and general expenses 1,537,032. Fundraising expenses 0. Total expenses 19,126,587. Form 990, Part XI, line 9: Transfers from affiliate 38,864,925. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. Elliot Health System 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020509911 Management NH 501(c)(3) Line 12b, II SolutionHealth 0 Elliot Health System Professional & General LIT 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 016217452 Insurance Trust NH 501(c)(3) Line 12a, I Elliot Hospital 0 Elliot Hospital One Elliot Way Manchester NH 03103 020232673 Medical Services NH 501(c)(3) Line 3 Elliot Health System 0 Elliot Physician Network 10 Prospect Street Manchester NH 03109 020509589 Physician Services NH 501(c)(3) Line 3 Elliot Hospital 0 Elliot Professional Services Network Inc 10 Prospect Street Manchester NH 03109 331003630 Physician Services NH 501(c)(3) Line 10 Elliot Hospital 0 Everwell Inc 1 Medical Center Drive Lebanon NH 03756 352506275 Supporting Organization NH 501(c)(3) Line 12a, I N/A 0 Home Health and Hospice Care 7 Executive Park Drive Merrimack NH 03054 237331452 Home Care and Hospice NH 501(c)(3) Line 7 SolutionHealth 0 Legacy Trust of Southern New Hampshire Health Inc 8 Prospect Street Nashua NH 03060 844779887 Fundraising NH 501(c)(3) Line 7 SNHHS 0 Mary and John Elliot Charitable Foundation 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020512229 Fundraising NH 501(c)(3) Line 7 Elliot Health System 0 SolutionHealth 360 Route 101 Unit 8 Manchester NH 03110 830741190 Supporting Organization NH 501(c)(3) Line 12a, I N/A 0 Southern New Hampshire Health System Inc 8 Prospect Street Nashua NH 03060 020509221 Medical Services NH 501(c)(3) Line 12b, II SolutionHealth 0 Southern New Hampshire Medical Center 10 Prospect Street Nashua NH 03060 020483054 Medical Services NH 501(c)(3) Line 3 SNHHS 0 The Surgery Center of Greater Nashua 10 Prospect Street Nashua NH 03060 461084049 Medical Services NH 501(c)(3) Line 3 SNHHS 0 VNA Home Health and Hospice Services Inc 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020222241 Home Care and Hospice NH 501(c)(3) Line 10 Elliot Health System 0 VNA of Manchester & Southern NH Inc 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020395296 VNA Holding Company NH 501(c)(3) Line 12b, II Elliot Health System 0 VNA Personal Services Inc 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020395295 Private Health and Homemaker Services NH 501(c)(3) Line 10 Elliot Health System 0 Elliot Common Trust Fund LLC One Elliot Way Manchester NH 03103 203653624 Investments NH N/A 0 0 Elliot Health System Holdings & Subsidiaries 1070 Holt Avenue Unit 1 Suite 2100 Manchester NH 03109 020512224 Management NH N/A C 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 1 1 0 1