Foundation for Healthy Communities EIN 02-0275078

Foundation for Healthy Communities FY2022 filing

EIN  02-0275078 Public charity (501(c)(3)) Concord, NH Founded 1968
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 8/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Improves health and healthcare delivery across New Hampshire.
Leadership
Kristine Hering RN · VP Quality Improvement · $171K
Money in and out
$24.7M revenue, $24.2M expenses
Bottom line
99% program efficiency

Improves health and healthcare delivery across New Hampshire. For fiscal year 2022 it reported $24.7M in revenue, $24.2M in expenses, and $2.0M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$24.7M
Pt VIII · Ln 12
Total expenses
$24.2M
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $459K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$24.7M
FY2022▲ +104%
Expenses
$24.2M
FY2022▲ +97%
Total assets
$2.8M
FY2022▲ +43%
Total liabilities
$814K
FY2022▲ +238%
Total revenue
$24.7M
Pt VIII · Ln 12
Total expenses
$24.2M
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$459K
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

1 program service account for $23.9M of program spending, described in the organization's own filed words · FY2022.
01

Founded in 1968 as an education and research organization for the New Hampshire Hospital Association (NHHA), the Foundation was reorganized in 1995 to meet the needs of a changing healthcare system.

$23.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundation for Healthy Communities
EINHdr · item D02-0275078
Principal addressHdr · item CConcord, NH
WebsiteHdr · item Jwww.healthynh.org
Year of formationHdr · item L1968
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E19)
Ruling yearIRS BMFNov 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
VP Quality Improvement
$171,257Pt VII · Sec A
Executive Director/Trustee
$149,290Pt VII · Sec A
Dir. Patient & Family Engagement
$111,244Pt VII · Sec A
SR. Dir. Rural Quality Improvement
$109,915Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristine Hering’s $217K as VP Quality Improvement is at the 77th percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kristine Hering$216,743
Kristine a Hering$202,556$196,739
Peter Ames$192,580$177,116$170,744$149,290$146,905$143,374
Kristine Hering RN$171,257
Anne Diefendorf$148,465$158,182
Luellyn J Valtin$124,303$120,725
Jon Scott Nichols$119,894$106,121$100,122
Kate E Luczko$116,384

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$23.7M · 96%
Program service revenue$957K · 4%
Contributions & grants96%$23.7M
Program service revenue4%$957K
Investment income$18K
— government grantsLn 1e$12.7M
Total revenueLn 12$24.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$23.9M
Management & general1%$297K
Total functional expensesLn 25$24.2M

Balance Sheet

Part X · end of year
CashLn 1$663K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$814K
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $24.2M
0.8 months
Where the money goes
Program services
Program services $23.9M · Total expenses $24.2M
99%
Management & General
Management & general $297K · Total expenses $24.2M
1%
Fundraising
Fundraising $0 · Total expenses $24.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9.9M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $23.7M · Total revenue $24.7M
96%
Government reliance
Government grants $12.7M · Total revenue $24.7M
51%
Earned-income share
Program service revenue $957K · Total revenue $24.7M
4%
Investment reliance
Investment income $18K · Total revenue $24.7M
0%
Program self-sufficiency
Program service revenue $957K · Total expenses $24.2M
4%
Growth & trend
Revenue growth (YoY)
This year $24.7M · Prior year $12.1M
+104%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24.7M · Expenses $24.2M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
Net-asset ratio
Net assets $2.0M · Total assets $2.8M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $894K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.8M
32%
People & payroll
Highest Reported Total Compensation
Individual Kristine Hering RN · Reported title VP Quality Improvement · Highest reported compensation $171K · Total expenses $24.2M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.7M · Total expenses $24.2M
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 104%
Investment management fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$513K
Grants paid · 112 grants · $62.3M · 2020–2025
Concord Hospital INCNH · FY2025$142,136
Core Physicians LLCNH · FY2025$31,930
The Doorway at Concord-RiverbendFY2024$555,922
The Doorway of Greater ManchesterFY2024$491,175
Valley Regional Hospital INCNH · FY2024$340,833
The Doorway of Greater NashuaFY2024$241,838
The Doorway at Dartmouth-HitchcockFY2024$195,895
The Doorway Operated by Wentworth-Douglass HospitalFY2024$193,328
Concord Hospital INCNH · FY2024$188,266
See all 112 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.6M revenue · ⤓ 990 PDF
FY2024$8.8M revenue · ⤓ 990 PDF
FY2023$18.8M revenue · ⤓ 990 PDF
FY2022$24.7M revenue · viewing · ⤓ 990 PDF
FY2021$12.1M revenue · ⤓ 990 PDF
FY2020$13.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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