2026-06-15T06:50:36+00:00 2025-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-07-01 020202220 Cheshire Health Foundation CHES 6033545400 580-590 Court Street Keene NH 03431 Todd Roberts CFO 2026-06-15 true Rachel Spurlock P00520729 5023263996 2026-06-15 2024 2025-03-06 01:10:19Z Joseph Perras 580-590 Court Street Keene NH 03431 7602024 false X https://www.cheshiremed.org/cheshire-health-foundation X 1896 NH CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. 15 13 0 13 37279 28452 24207228 6920785 0 70736 -203114 31472 37113 24309436 6754784 5651837 8056967 0 0 0 7905 131531 164820 5783368 8221787 18526068 -1467003 59999852 62714822 24653481 25814757 35346371 36900065 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 8213882 8056967 0 Cheshire Health Foundation raises funds to support the health and wellness mission of Cheshire Medical Center. For Fiscal Year 2025, Medical Center senior leaders and Trustees collaborated with Foundation Trustees to determine strategic needs for the year. The support of the purchase of second Linear Accelerator for Radiation Oncology services in Cheshire's Cancer Center was selected as the strategic funding priority for the FY 2025 Annual Fund. The total cost of the Linear Accelerator will exceed $2 million dollars, and $520,432 was raised through the Annual Fund and fundraising events. The Foundation also received gifts and pledges from donors towards their $42 million Capital Campaign which was still in the "Silent Phase." The Capital Campaign funds will provide the (Continued on Schedule O) 8213882 true true false 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 false false true false false false false true false 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 15 13 false false false false true true true true true false false false true true true true true true false false false false NH X Todd Roberts 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 0.5 0 X X 0 0 0 Joseph L Perras MD Trustee/CEO/President ex-officio 0.5 41.0 X X 0 570040 54269 Patti Seymour Trustee /Secretary 0.5 0 X X 0 0 0 ROBERT ENGLUND MD Trustee / Chair 0.5 0 X X 0 0 0 Aalok Khole MD Trustee (through 4/30/25) / Physician 0.5 40.0 X 0 323423 37931 ALAN STROSHINE TRUSTEE 0.5 0 X 0 0 0 Christopher Hamblet Trustee (through 12/31/24) 0.5 0 X 0 0 0 Cindy Westover Trustee 0.5 0 X 0 0 0 Danielle Ruffo Trustee (as of 1/1/25) 0.5 0 X 0 0 0 John Paul Sanders MD Trustee 0.5 40.0 X 0 479779 64786 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 0.5 0 X 0 0 0 ROBERT THERRIEN Trustee 0.5 0 X 0 0 0 WILLIAM CHASE MD Trustee 0.5 0 X 0 0 0 AnnMarie Coppo Interim CFO (through 4/28/25) 0.5 40.0 X 0 162388 48409 Sandra M Phipps VP PHILANTHROPY/COMM RELATIONS 0.5 40.0 X 0 184852 33176 Todd Roberts CFO of Cheshire Medical (as of 4/28/25) 0.5 40.0 X 0 242180 15534 Daniel Gross Former CFO of Cheshire Medical Center (through 5/2/24) 0.0 0.5 X 0 145799 20592 Kathryn F Willbarger COO/Former Interim CEO (through 8/6/23) 0.0 40.0 X 0 339266 36825 0 2447727 311522 0 true true false 0 113934 6806851 804156 6920785 0 0 0 0 0 251930 37279 214651 72000 33272 38728 0 38728 38728 320000 775044 0 -455044 -455044 -455044 37309 113934 38924 -1615 -1615 0 0 0 0 0 6754784 0 37279 -203280 8056967 8056967 45518 45518 0 0 437 437 3297 3297 1500 1500 30700 30700 19709 19709 49233 49233 Taxes and licenses 9818 9818 Other Expenses 4608 4608 0 0 0 0 8221787 8213882 0 7905 6961703 4415022 18190477 21238170 15161 15161 0 0 0 0 37146 55362 5030866 3081333 2744287 1949533 199579 239377 24928984 27657673 0 6922515 7144524 59999852 62714822 0 0 24653481 25814757 24653481 25814757 X 3654403 3036455 31691968 33863610 35346371 36900065 59999852 62714822 X -1467003 2994379 26318 X false true true false X X 1 THE CHESHIRE MEDICAL CENTER 020354549 3 true 8031532 0 1 8031532 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 32820 0 668514 0 true true 28610974 2768487 652595 30726866 26585077 5499 2628523 608125 28610974 25835380 10971 1320761 582035 26585077 27658744 -1666734 156630 25835380 21594703 2020506 4806606 763071 27658744 0.0 0.2634 0.7366 false false 1797804 1797804 2467852 2409939 57913 765210 671394 93816 1949533 Closely-held equity interests Financial derivatives Investment in pooled funds 27657673 F 27657673 DUE FROM AFFILIATES 221792 GIFT ANNUITIES AND SPLIT DLP 271999 BENEFICIAL INTERESTS IN TRUSTS 6650733 7144524 Federal Income Taxes DUE TO AFFILIATES 25813981 GIFT ANNUITY LIABILITY 776 25814757 0 0 0 0 0 0 0 0 0 0 0 0 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 104307 79004 25303 13445 1800 9670 160 Tribute 46936 34930 12006 388 8420 5041 0 0 151243 113934 37309 13833 1800 18090 5201 38924 -1615 true Home Healthcare Hospice and Community 411 Marlboro Street Keene NH 03430 237331452 501(c)(3) 7385 Program Support Centre Congregational Church 193 Main Street Brattleboro VT 05301 030181054 501(c)(3) 7385 Program Support Takodah YMCA (AKA Cheshire County YMCA) 32 Lake Street N Swanzey NH 03431 020222246 501(c)(3) 7385 Program Support Cheshire Medical Center 580-590 Court Street Keene NH 03431 020354549 501(c)(3) 8031532 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 true false false false false false false false Joseph L Perras MD Trustee/CEO/President ex-officio 0 504078 0 42400 0 23562 0 20700 0 33569 0 624309 0 0 Aalok Khole MD Trustee (through 4/30/25) / Physician 0 300261 0 0 0 23162 0 19800 0 18131 0 361354 0 0 John Paul Sanders MD Trustee 0 450059 0 0 0 29720 0 20700 0 44086 0 544565 0 0 Kathryn F Willbarger COO/Former Interim CEO (through 8/6/23) 0 307502 0 30900 0 864 0 32331 0 4494 0 376091 0 0 Daniel Gross Former CFO of Cheshire Medical Center (through 5/2/24) 0 116300 0 27140 0 2359 0 8755 0 11837 0 166391 0 0 Sandra M Phipps VP PHILANTHROPY/COMM RELATIONS 0 183726 0 0 0 1126 0 14556 0 18620 0 218028 0 0 AnnMarie Coppo Interim CFO (through 4/28/25) 0 161887 0 0 0 501 0 11929 0 36480 0 210797 0 0 Todd Roberts CFO of Cheshire Medical (as of 4/28/25) 0 208902 0 25200 0 8078 0 14531 0 1003 0 257714 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. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individual received payments from a nonqualified retirement plan (which is reflected in schedule J, Part II, Column B (III)): John Paul Sanders $6,256 14 795253 Market value X Various Items for Events 49 8903 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 - Various Items for Events The organization is reporting the number of donations received during the fiscal year. Form 990, Part III, Line 4a Program Service Accomplishment additional monies needed for the Linear Accelerator and the construction of a building addition with bunker for the unit. The Capital Campaign will help fund the expansion and modernization of Cheshire's Peri-Op Department for Surgeries and Endoscopic services. Charitable support received also helped Cheshire continue renovations on the West Campus building, helping to fund the final phase of the Family Medicine Residency Program space and to remove asbestos and install sprinklers in the remaining unoccupied space that will be utilized in the coming years. Additional donor gifts to scholarship funds advanced medical training opportunities for Cheshire's nurses and other staff. Other gifts supported Cheshire's local Dartmouth Cancer Center through program needs, assisting Cancer patients financially who have difficulty meeting their daily living expenses. 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 15A 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 2025. 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 2025. 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 - 26318; Total - 26318; 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 2025, 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. 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 Beneficial Interest Trusts (2) 580-590 Court Street Keene NH 03431 Charitable Trust NH CHF Trust 1 true false true false false false false false false false false false true false true true true true true true