2025-05-13T07:50:55+00:00 2024-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-07-01 020202220 Cheshire Health Foundation CHES 6033545400 580-590 Court Street Keene NH 03431 Daniel J Gross CFO 2025-05-13 true Kim Scifres P01316095 5023263996 2025-05-13 2023 2025-03-06 01:10:19Z Joseph Perras 580-590 Court Street Keene NH 03431 24375033 false X https://www.cheshirehealthfoundation.org X 1896 NH CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. 16 13 0 13 58408 42061 1678758 24207228 0 64302 70736 42571 31472 1785631 24309436 1580519 5651837 0 0 0 9465 198327 131531 1778846 5783368 6785 18526068 34238471 59999852 1500262 24653481 32738209 35346371 CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. THE CHESHIRE HEALTH FOUNDATION PROVIDES MANAGEMENT OF BOARD-DESIGNATED, SPECIAL-PURPOSE, BUILDING, AND ENDOWMENT FUNDS. false false 5773903 5651837 Cheshire Health Foundation raises funds to support the health and wellness mission of Cheshire Medical Center. For Fiscal Year 2024, Medical Center senior leaders and Trustees collaborated with Foundation Trustees to determine strategic needs for the year. The purchase of new patient care equipment - ventilators for the ICU, a new nurse call system for the Thompson Unit, and a new infant security system for our Birthing Pavilion - were determined to be the main funding priorities. Charitable donations funded these purchases. Cheshire purchased eight new ventilators for the ICU. These machines are not only vital to the care of critically ill patients who need life support, but also ensure that care remains close to home for those patients and their families. On the Thompson Unit, the new nurse call system has helped to improve communication and response times between patients and their care teams. It has also helped to reduce alarm fatigue for Cheshire's caregivers. The Birthing Pavilion's new state-of-the-art infant security system integrates with Cheshire's existing security measures, helping to protect some of our most vulnerable patients. Its features include triggering alarms, locking doors and stopping elevators. The Foundation also received gifts for a variety of specialized equipment to support inpatient and outpatient care needs. This includes EKG equipment for the Emergency Department, a new breast board for patients undergoing cancer radiation therapy, financial assistance, and other specific needs. Gifts to scholarship funds advanced medical training opportunities for Cheshire's nurses and other staff. Other donations supported Cheshire's local Dartmouth Cancer Center through equipment and program needs, assisting patients financially who have difficulty meeting their daily living expenses. Charitable support received also helped Cheshire continue renovations on the West Campus building, helping to fund support for future capital projects. Bequests received benefited future strategic capital purchases. Planned gifts over the years have created specific purpose funds and permanently restricted endowment funds that support patient care, including patient financial assistance, and nursing scholarships and professional development. 5773903 true true false false true false false false true true true false true true false false true false false false false false false true false false true false true false false false false false false false false true false false false false true false false false true 2 0 true 0 true true false false false false true true false false false false false false false false false X 16 13 false false false false true true true true true false false true true true true true true false false false NH X AnnMarie Coppo 6033545400 580-590 COURT STREET KEENE NH 03431 CEIL GOFF TRUSTEE/TREASURER 0.5 0 X X 0 0 0 Jane Larmon Trustee/Vice Chair (as of 1/1/24) 0.5 0 X X 0 0 0 Joseph L Perras MD Trustee/CEO/President ex-officio (as of 8/7/23) 0.5 41.0 X X 0 620829 33818 KATHRYN F WILLBARGER COO /Trustee and Interim CEO (through 8/6/23) 0.5 40.5 X X 0 380067 34064 Patti Seymour Trustee /Secretary (as of 1/1/24) 0.5 0 X X 0 0 0 ROBERT ENGLUND MD TRUSTEE / Vice Chair (through 12/31/23)/Chair (as of 1/1/24) 0.5 0 X X 0 0 0 ROBERT THERRIEN TRUSTEE/CHAIR (through 12/31/23)/PAST CHAIR (as of 1/1/24) 0.5 0 X X 0 0 0 WILLIAM CHASE MD TRUSTEE 0.5 0 X X 0 0 0 Aalok Khole MD Trustee / Physician 0.5 40.0 X 0 274397 33827 ALAN STROSHINE TRUSTEE 0.5 0 X 0 0 0 Christopher Hamblet Trustee 0.5 0 X 0 0 0 Cindy Westover Trustee 0.5 0 X 0 0 0 Elizabeth Cotter TRUSTEE (through 12/31/23) 0.5 1.0 X 0 0 0 HEATHER MINKLER TRUSTEE (through 12/31/23) 0.5 0 X 0 0 0 J Paul Sanders MD Trustee (as of 1/1/24) 0.5 40.0 X 0 478247 63066 KATHERINE SNOW TRUSTEE 0.5 0 X 0 0 0 Matt Mucha Trustee 0.5 0 X 0 0 0 Patricia Campbell MD Trustee 0.5 0 X 0 0 0 Peter Bradshaw Trustee (as of 1/1/24) 0.5 0 X 0 0 0 AnnMarie Coppo Interim CFO (as of 5/3/24) 0.5 40.0 X 0 133274 48751 Daniel Gross CFO of Cheshire Medical Center (through 5/2/24) 0.5 41.0 X 0 290020 44904 SANDRA M PHIPPS VP PHILANTHROPY/COMM RELATIONS 0.5 40.0 X 0 165844 30679 DON CARUSO MD FORMER CEO/PRESIDENT 0.5 41.5 X 0 229871 19018 0 2572549 308127 0 true true false 0 77638 24129590 411230 24207228 0 0 0 0 0 70736 58408 12328 72000 32841 39159 0 39159 39159 0 0 25069 77638 32756 -7687 -7687 0 0 0 0 0 24309436 0 58408 43800 5651837 5651837 32157 32157 0 0 3266 3266 1482 1482 18610 18610 21191 21191 49775 49775 Other Expenses 4717 4717 Taxes and licenses 333 333 0 0 0 0 5783368 5773903 0 9465 2650487 6961703 0 18190477 15000 15161 0 0 0 0 38277 37146 5805910 3061623 2765477 2744287 199531 199579 22300507 24928984 0 0 6269192 6922515 34238471 59999852 0 0 0 0 0 0 0 1500262 24653481 1500262 24653481 X 3741529 3654403 28996680 31691968 32738209 35346371 34238471 59999852 X 18526068 3216694 -19134600 X false true X true false X X 1 THE CHESHIRE MEDICAL CENTER 020354549 3 true 5628122 0 1 5628122 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 30600 0 631888 0 false false 26585077 5499 2628523 608125 28610974 25835380 10971 1320761 582035 26585077 27658744 -1666734 156630 25835380 21594703 2020506 4806606 763071 27658744 22396539 10538 111672 0 924046 0 21594703 0.0 0.2816 0.7184 false false 2572848 2572848 2467852 2390722 77130 765210 670901 94309 2744287 Investment in pooled funds 24928984 F 24928984 DUE FROM AFFILIATES 293435 GIFT ANNUITIES AND SPLIT DLP 267232 BENEFICIAL INTERESTS IN TRUSTS 6361848 6922515 DUE TO AFFILIATES 24651373 GIFT ANNUITY LIABILITY 2108 24653481 Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF ENDOWMENT FUNDS IS TO SUPPORT AND ADVANCE THE HEALTH AND WELLNESS MISSION-RELATED PROGRAMS OF CHESHIRE MEDICAL CENTER. Golf 60232 46457 13775 10944 111 9509 140 Tribute 42475 31181 11294 388 500 7074 4090 0 102707 77638 25069 11332 611 16583 4230 32756 -7687 true Home Healthcare Hospice and Community 411 Marlboro Street Keene NH 03430 237331452 501( c)(3) 6885 BOOK PROGRAM SUPPORT Centre Congregational Church 193 Main Street Brattleboro VT 05301 030181054 501( c)(3) 6885 BOOK PROGRAM SUPPORT Takodah YMCA (AKA Cheshire County YMCA) 32 Lake Street No Swanzey NH 03431 020222246 501( c)(3) 6885 BOOK PROGRAM SUPPORT Cheshire Medical Center 580-590 Court Street Keene NH 03431 020354549 501( c)(3) 5628122 Book Program Support 4 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ALL GRANTS AND ASSISTANCE ARE PAID TO CONFIRMED 501(C)(3) ORGANIZATIONS, CHURCHES, OR GOVERNMENT ENTITIES. false false false false false false false false false DON CARUSO MD FORMER CEO/PRESIDENT 0 185732 0 0 0 44139 0 16578 0 2440 0 248889 0 0 KATHRYN F WILLBARGER COO /Trustee and Interim CEO (through 8/6/23) 0 354376 0 7570 0 18121 0 31590 0 2474 0 414131 0 0 Joseph L Perras MD Trustee/CEO/President ex-officio (as of 8/7/23) 0 448299 0 128661 0 43869 0 29445 0 4373 0 654647 0 0 Aalok Khole MD Trustee / Physician 0 250729 0 1006 0 22662 0 16780 0 17047 0 308224 0 0 J Paul Sanders MD Trustee (as of 1/1/24) 0 448797 0 0 0 29450 0 19800 0 43266 0 541313 0 0 SANDRA M PHIPPS VP PHILANTHROPY/COMM RELATIONS 0 164870 0 0 0 974 0 12669 0 18010 0 196523 0 0 Daniel Gross CFO of Cheshire Medical Center (through 5/2/24) 0 281572 0 7260 0 1188 0 17854 0 27050 0 334924 0 0 AnnMarie Coppo Interim CFO (as of 5/3/24) 0 127213 0 355 0 5706 0 9965 0 38786 0 182025 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The CEO IS EMPLOYED AND PAID BY A RELATED ORGANIZATION WHICH USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, FORM 990 INFORMATION FROM OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE CEO'S COMPENSATION. X 1 405055 Market value X Fundraising Supplies 1 6175 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE NUMBER OF ITEMS REPRESENTS THE NUMBER OF CONTRIBUTIONS. Other - Fundraising Supplies The number represents the total of all noncash fundraising contributions. Form 990, Part VI, Line 15a PROCESS FOR DETERMINING CFO COMPENSATION THE PRESIDENT, CHIEF FINANCIAL OFFICER (CFO), AND VICE PRESIDENT OF PHILANTHROPY ARE PAID BY A RELATED ORGANIZATION, THEREFORE, QUESTION 15B IS CHECKED NO. ALTHOUGH PAID BY A RELATED ORGANIZATION, EXECUTIVE COMPENSATION IS EVALUATED BY AN INDEPENDENT THIRD-PARTY FIRM FOR REASONABLENESS AND NATIONAL DATA BENCHMARKING. THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE, ALONG WITH INDEPENDENT TRUSTEES, APPROVE THE FINAL COMPENSATION IN CONSIDERATION WITH THE INDEPENDENT THIRD-PARTY FIRM'S RECOMMENDATIONS AND SUGGESTIONS. THIS PROCESS WAS CONTEMPORANEOUSLY DOCUMENTED AND LAST UNDERTAKEN IN 2024. Form 990, Part VI, Line 15b OTHER OFFICERS OFFICERS ARE PAID BY A RELATED ORGANIZATION, THEREFORE, QUESTION 15B IS CHECKED NO. ALTHOUGH PAID BY A RELATED ORGANIZATION, EXECUTIVE COMPENSATION IS EVALUATED BY AN INDEPENDENT THIRD-PARTY FIRM FOR REASONABLENESS AND NATIONAL DATA BENCHMARKING. THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE, ALONG WITH INDEPENDENT TRUSTEES, APPROVE THE FINAL COMPENSATION IN CONSIDERATION WITH THE INDEPENDENT THIRD-PARTY FIRM'S RECOMMENDATIONS AND SUGGESTIONS. THIS PROCESS WAS CONTEMPORANEOUSLY DOCUMENTED AND LAST UNDERTAKEN IN 2024. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Cheshire Health Foundation has an Executive Committee consisting of (i)the officers of the Board of Trustees of the Foundation, (ii) the immediate past Chairperson (to the extent such individual is eligible to and continues to serve as a Trustee), and (iii) an additional Trustee recommended by the Chairperson of the Board and approved by the Board. The chairperson of the Board of Trustees is the chairperson of the Executive Committee. The Executive Committee has the power, to the extent legally permissible and as authorized by the Board of Trustees by policy or otherwise, to transact all regular business of the Foundation between meetings of the Board; provided that any action to be taken by the Executive Committee shall not conflict with the express wishes of the Board, and that all matters reasonably believed by the Executive Committee to be of major significance to the Foundation shall be referred to the Board. The Executive committee does not have the power to amend the by-laws, appoint or remove trustees, approve a dissolution or merger or the sale of all of the Foundation's assets or take any action that is contrary to, or a substantial departure from, the direction of the Board, or which represents major change in the affairs, business, or policy of the Foundation. Form 990, Part VI, Line 6 Classes of members or stockholders The sole member of Cheshire Health Foundation is the Cheshire Medical Center, a New Hampshire not-for-profit corporation. The member has the exclusive power and authority to elect and remove trustees (other than the ex-officio trustees), and the member has the power to fill vacancies on the board. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE MEMBER OF THE FOUNDATION IS THE CHESHIRE MEDICAL CENTER, A NEW HAMPSHIRE NON-PROFIT CORPORATION. THE MEMBER HAS THE POWER TO APPOINT OR REMOVE EACH TRUSTEE OF THE FOUNDATION. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Notwithstanding any other provision of these Bylaws, the Sole Member shall have the right to take the following actions or have the right to approve by majority vote of the Sole Member's Board of Trustees, prior to the adoption and implementation, of all of the following acts of the Foundation: (i) any repeal, alteration or amendment of the Articles of Agreement or Bylaws of the Foundation; (ii) the election or removal of any Trustee of the Foundation; (iii) any merger with or consolidation of the Foundation with and into another entity, or the acquisition by the Foundation of substantially all of the assets of another entity or the sale or lease of substantially all of the assets of the Foundation to any person or entity; (iv) (a) any conveyance, purchase, sale or lease of, or grant of mortgages, trust deeds or creation of other liens or encumbrances on, real property assets of the Foundation, or (b) any other material conveyance of any assets or the incurring of any material indebtedness of the Foundation; (v) any creation of an affiliate or subsidiary organization, or any affiliation of the Foundation with any other entity for the purpose of the joint conduct of business or other programs, whether in the form or participation in a corporation (either through the holding of stock or membership), partnership, joint venture, co-tenancy or any other form of ownership or control; (vi) acceptance of gifts that are: (1) contingent upon actions of the Sole Member or its affiliates; (2) limited to use, by or for the benefit of, the Sole Member or its affiliates; or (3) require any payout from the Sole Member or one of its affiliates; and (vii) to approve the dissolution or liquidation of the Foundation. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY EXTERNAL TAX ADVISORS, AND THE CFO BEFORE THE FILING OF THE RETURN. ONCE THE RETURN HAS BEEN FULLY PREPARED, A FINAL VERSION IS SENT TO EACH BOARD MEMBER AND TIME IS ALLOCATED FOR COMMENTS AND RESPONSES PRIOR TO THE OFFICIAL FILING OF THE FORMS. Form 990, Part VI, Line 12c Conflict of interest policy THE FOUNDATION'S BOARD OF TRUSTEES APPROVED A POLICY CONCERNING VOLUNTARY SELF-DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST. THE DARTMOUTH-HITCHCOCK COMPLIANCE AND AUDIT SERVICES DEPARTMENT CONDUCTS AN ANNUAL SURVEY OF ALL OFFICERS AND TRUSTEES AND PERFORMS OTHER PROCEDURES AS CONSIDERED NECESSARY TO REPORT ON COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE DEPARTMENT THEN REPORTS TO EACH BOARD ANY POTENTIAL CONFLICTS FOR THEIR REVIEW. PER THE POLICY, ANY CONFLICTS OR OTHERWISE PERCEIVED CONFLICTS ARE REQUIRED TO BE ADDRESSED BY THE BOARD OF TRUSTEES ON AN ONGOING BASIS. IN THE EVENT A CONFLICT ARISES, THE INDIVIDUAL MAY BE REMOVED FROM PARTICIPATING IN ANY DECISION-MAKING REGARDING THE IDENTIFIED CONFLICT AND/OR ITS CORRESPONDING TRANSACTIONS. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH PERSON ON THE BASIS FOR SUCH BELIEF AND AFFORD HIM/HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT SUCH PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Line 19 Required documents available to the public THE CHESHIRE HEALTH FOUNDATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances NET ASSET TRANSFERS BETWEEN AFFILIATES - -19134600; Form 990, Part XII, Line 3a FINANCIAL STATEMENTS AND REPORTING THE FOUNDATION WAS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE DARTMOUTH-HITCHCOCK HEALTH SYSTEM. DURING FISCAL YEAR 2024, MARY HITCHCOCK MEMORIAL HOSPITAL EXPENDED FEDERAL FUNDING WHICH MET THE MINIMUM THRESHOLD SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. DUE TO THE NATURE OF THE CONSOLIDATED FINANCIAL STATEMENTS, THE AUDIT WAS PERFORMED ON THE FINANCIAL INFORMATION OF ALL ORGANIZATIONS, INCLUDING CHESHIRE HEALTH FOUNDATION. Schedule D, Part I, Line 5 Donor Advised Funds Upon review, it came to our attention this fund does, in fact, qualify as a "donor-advised fund." Given the timing, we were unable to complete the required disclosures to donors and donor advisors prior to the close of the fiscal year. CHESHIRE HEALTH SERVICES 580-590 COURT STREET KEENE NH 03431 473379283 HEALTHCARE NH 501(c)(3) 3 CMC false CHESHIRE MEDICAL CENTER 580 COURT STREET KEENE NH 03431 020354549 HOSPITAL NH 501(c)(3) 3 D-HH false DARTMOUTH-HITCHCOCK HEALTH ONE MEDICAL CENTER DRIVE LEBANON NH 03756 264812335 PARENT ORGANIZATION NH 501(c)(3) 7 NA false KEENE HEALTH ENTERPRISES 580 COURT STREET KEENE NH 03431 020374999 REAL ESTATE HOLDING NH CMC C Corporation false KEENE HEALTH REALTY 580 COURT STREET KEENE NH 03431 020374998 REAL ESTATE HOLDING NH CMC C Corporation false KEENE HEALTH SERVICES 580 COURT STREET KEENE NH 03431 020374997 REAL ESTATE HOLDING NH CMC C Corporation false Fitch Charitable Trust 580-590 Court Street Keene NH 03431 Charitable Trust NH CHF Trust 1 false M Hayden Irrevocable TUW 580-590 Court Street Keene NH 03431 CHARITABLE IRREVOCABLE TRUST NH CHF Trust 1 false false true false false false false false false false false false true false true true true true true true