Elliot Physicians Network INC FY2022 filing

Tax-deductible

Manchester, NH501(c)(3)Since 2002Health CareEIN 02-0509589Revenue $35.3M in FY2022

On file with the IRSelliothospital.org/website/physicians-network.php1070 Holt Ave Unit 1 Ste 2100, 03109-5603 · Manchester, NHTax-exempt since Apr 2002Hospital or medical research org — 170(b)(1)(A)(iii)

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The Elliot Physician Network is a group of specialized physicians which are dedicated to the promotion of highest quality, compassionate and accessible health care. We realize the importance of each patient and each physician in the patient-physician relationship. We are guided by the desire to work within the larger Elliot Health System to create a healthy community.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$2.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $9.0M a year · 24% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.5M
466% of total assets
Concern: liabilities are 466% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 9 voting members
Worth a look: 3 of 9 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.3M
+4% vs prior year
Spent
$43.1M
To programs
97%
Net assets
−$6.6M
By yearFY2020–FY2025
Revenue
$35.3M
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$32.2M
FY2021$34.0M
FY2022$35.3M
FY2023$38.0M
FY2024$41.7M
FY2025$43.2M
Expenses
$43.1M
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$42.1M
FY2021$40.4M
FY2022$43.1M
FY2023$48.0M
FY2024$51.9M
FY2025$52.7M
Net assets
−$6.6M
FY2022▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11.8M
FY2021−$9.4M
FY2022−$6.6M
FY2023−$5.1M
FY2024−$5.0M
FY2025−$4.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $42.0M Management & general 3% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Physician
$431,418Pt VII · Sec A
$429,905Pt VII · Sec A
$361,603Pt VII · Sec A
$360,868Pt VII · Sec A
$353,646Pt VII · Sec A
$292,709Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A

Manish Chopra MD’s $484K as Physician is at the 74th percentile of top reported officer pay among 2901 $10–100M 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
Manish Chopra MD$484,477$481,828$448,770$429,905$385,257—
Gus Emmick MD$419,312$410,937$429,428$431,418——
Gus G Emmick MD————$358,399$416,210
Richard Tedesco MD—$414,931—$361,603——
Shanon Gruchot MD$413,787—————
Samuel Goldman MD$412,517$412,794$378,649———
Khalil Shahin MD$398,932—————
Masooma Athar MD—$374,653$387,113$353,646——

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes high-quality, compassionate, and accessible healthcare by supporting physician-patient relationships.

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Provided by the organization

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1 program · $42.0M · in their own filed words · FY2021
01

To employ physicians duly licensed in medicine and other qualified personnel and make the services of such health care professionals available to such persons, including indigent persons, requiring medical care.

$42.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$35.3M
Ln 12
Fees for servicesLn 2g$35.1M
Gifts and grantsLn 1h$114K
Money outPt IX
$43.1M
Ln 25
Programscol B$42.0M
Managementcol C$1.2M
Owns and owesPt X
−$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$1.8M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a9
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Government grantsLn 1e$113K
Fees for servicesLn 2g$35.1M
Total revenueLn 12$35.3M
Assets in detailPt X, end of year
SavingsLn 2$170K
Cash and savings togetherLn 1–2$170K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$2K
Total assetsLn 16$1.8M
LiabilitiesLn 26$8.5M
Net assetsLn 32−$6.6M
OperationsPt I, VI
EmployeesI 5124
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$713K$170K
Land, buildings, equipmentLn 10c$7K$10K
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$11.2M$8.5M
Net assetsLn 32−$9.4M−$6.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$338K$338K
Other salaries and wagesLn 7$28.8M$28.8M
Pension plan contributionsLn 8$938K$938K
Other employee benefitsLn 9$3.4M$3.4M
Payroll taxesLn 10$1.6M$1.6M
Management feesLn 11a$1.2M$1.2M
Legal feesLn 11b$2K$2K
Other fees for servicesLn 11g$738K$734K$4K
Advertising and promotionLn 12$210$210
Office expensesLn 13$661K$661K
OccupancyLn 16$3.2M$3.2M
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$174$174
Depreciation, depletion and amortizationLn 22$151K$151K
Other expenses (24a–d)Ln 24$2.2M$2.2M
Total functional expensesLn 25$43.1M$42.0M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $43.2M$52.7M−$9.5M−$4.7M 990 PDF
FY2024 $41.7M$51.9M−$10.2M−$5.0M 990 PDF
FY2023 $38.0M$48.0M−$9.9M−$5.1M 990 PDF
FY2022 Viewing $35.3M$43.1M−$7.9M−$6.6M 990 PDF
FY2021 $34.0M$40.4M−$6.4M−$9.4M 990 PDF
FY2020 $32.2M$42.1M−$10.0M−$11.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $35,254,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $394,741$114,055
I-9 Program service revenuePrior year $33,587,842$35,140,355
I-10 Investment incomePrior year −$1,490$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $33,981,093$35,254,410
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $32,926,914$35,043,878
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,459,131$8,102,554
I-18 Total expensesPrior year $40,386,045$43,146,432
I-19 Revenue less expensesPrior year −$6,404,952−$7,892,022
Part VI · Governance 3 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,254,410 across 5 lines filed
VIII-1e Government grants$113,209
VIII-1f All other contributions, gifts and grants$846
VIII-1h Total contributions, gifts and grants$114,055
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,140,355$35,140,355
VIII-12 Total revenueRelated to mission $35,140,355 · Unrelated business $0 · Excluded from tax $0$35,254,410
Part IX · Statement of functional expenses $43,146,432 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $338,343$338,343
IX-7 Other salaries and wagesPrograms $28,815,105$28,815,105
IX-8 Pension plan contributionsPrograms $937,831$937,831
IX-9 Other employee benefitsPrograms $3,386,787$3,386,787
IX-10 Payroll taxesPrograms $1,565,812$1,565,812
IX-11a Management feesManagement $1,187,516$1,187,516
IX-11b Legal feesManagement $1,818$1,818
IX-11g Other fees for servicesPrograms $734,091 · Management $3,900$737,991
IX-12 Advertising and promotionManagement $210$210
IX-13 Office expensesPrograms $661,295$661,295
IX-16 OccupancyPrograms $3,207,391$3,207,391
IX-17 TravelPrograms $4,149$4,149
IX-19 Conferences, conventions and meetingsPrograms $174$174
IX-22 Depreciation, depletion and amortizationPrograms $150,542$150,542
IX-24 Other expenses (24a–d)Programs $2,151,468$2,151,468
IX-25 Total functional expensesPrograms $41,952,988 · Management $1,193,444 · Fundraising $0$43,146,432
Part X · Balance sheet $1,816,267 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $713,253$170,096
X-4 Accounts receivableStart of year $1,028,962$1,608,601
X-9 Prepaid expenses and deferred chargesStart of year $10,064$25,015
X-10c Land, buildings and equipment, netStart of year $7,009$10,457
X-15 Other assetsStart of year $6,737$2,098
X-16 Total assetsStart of year $1,766,025$1,816,267
X-17 Accounts payable and accrued expensesStart of year $4,691,464$4,855,663
X-25 Other liabilitiesStart of year $6,491,027$3,599,595
X-26 Total liabilitiesStart of year $11,182,491$8,455,258
X-27 Net assets without donor restrictionsStart of year −$9,416,466−$6,638,991
X-32 Total net assets or fund balancesStart of year −$9,416,466−$6,638,991
X-33 Total liabilities and net assetsStart of year $1,766,025$1,816,267
Part XI · Reconciliation of net assets −$6,638,991 net assets at year end
XI-1 Total revenue$35,254,410
XI-2 Total expenses$43,146,432
XI-3 Revenue less expenses−$7,892,022
XI-4 Net assets at start of year−$9,416,466
XI-9 Other changes in net assets$10,669,497
XI-10 Net assets at end of year−$6,638,991

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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