2025-08-12T09:03:19-05:00 2024-09-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-10-01 020397338 Valley Regional Healthcare Inc VALL 6035427771 243 Elm Street Claremont NH 03743 Celeste Pitts Interim CFO 6035427771 2025-08-11 1 1 Melissa Magoon CPA P01712842 2077752387 2025-08-11 2023 2025-03-06 01:10:19Z Matthew Foster MD MMM 243 Elm Street Claremont NH 03743 3045824 0 X www.vrh.org X 1986 NH Parent organization to Valley Regional Hospital, Inc. 5 4 3 20 0 0 0 0 2354298 2353905 96211 271986 0 0 2450509 2625891 0 0 0 0 855372 817180 0 0 0 2147820 2010817 3003192 2827997 -552683 -202106 11734963 9368419 18088715 17808433 -6353752 -8440014 Valley Regional Healthcare, Inc. is organized to coordinate and support the activities of health care organizations, including Valley Regional Hospital, Inc. 0 0 1529099 2353905 Valley Regional Healthcare is the parent organization for Valley Regional Hospital. In this role, Valley Regional Healthcare provides integrated management and support services for the Hospital. 1529099 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 1 0 0 1 15 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 NH X Celeste Pitts 6035427771 243 Elm Street Claremont NH 03743 John Tansey Chair 0.10 0.90 X X 0 0 0 Patricia Putnam Vice Chair 0.10 0.90 X X 0 0 0 Alan Keiller Treasurer 0.10 0.90 X X 0 0 0 Terri Decker Secretary 0.10 0.90 X X 0 0 0 Jocelyn Caple MD Interim President & CEO 1.00 39.00 X X 0 301934 58356 Celeste Pitts Interim CFO 1.00 39.00 X 37200 0 0 Jean Shaw Former CFO 1.00 39.00 X 173716 0 29246 210916 301934 87602 1 1 1 1 Dartmouth Hitchcock Clinic One Medical Center Drive Lebanon NH 03756 CEO Services 396945 1 Management Services 621610 1324914 1324914 Rental Income 531120 931633 931633 Miscellaneous Revenue 621610 97358 97358 2353905 112586 112586 481132 98201 349580 70353 131552 27848 159400 159400 2625891 2353905 0 271986 610634 543986 66648 136247 121376 14871 90 80 10 60546 53938 6608 9663 8608 1055 8568 8568 50000 50000 26630 26630 204982 182609 22373 105183 105183 12852 11449 1403 5812 5178 634 1145 1020 125 565100 565100 634474 547676 86798 53181 53181 Miscellaneous 306534 20791 285743 Dues and Subscriptions 36356 32388 3968 2827997 1529099 1298898 0 X 0 0 763842 968070 6659 6659 6492 2916 34196 22302 38374818 35552264 6358407 2822554 4531563 5532432 12950 12950 20854 536 11734963 9368419 122424 150272 117058 117058 17265051 16910910 584182 630193 18088715 17808433 X -6353828 -8440090 76 76 -6353752 -8440014 11734963 9368419 X -202106 673305 -2557461 X 0 1 X 1 1 1 X X 1 Valley Regional Hospital Inc 020222118 3 1 1529099 0 1 1529099 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13510633 12351824 1158809 119191 119235 -44 23779191 22153110 1626081 965803 928095 37708 2822554 Due to Affiliates 641330 Reserve for Self-Funded Insurance -11137 630193 0 0 0 0 0 0 0 0 0 Jocelyn Caple MD Interim President & CEO 0 285889 0 0 0 16045 0 18810 0 39546 0 360290 0 0 Jean Shaw Former CFO 173400 0 0 0 316 0 3126 0 26120 0 202962 0 0 0 Celeste Pitts Interim CFO 37200 0 0 0 0 0 0 0 0 0 37200 0 0 0 Part I, Line 3 The CEO's compensation amount is determined by a related organization, which uses a compensation committee, an independent consultant, a compensation survey or study, and approval by the VRHC Board or compensation committee to establish the CEO's compensation. Form 990, Part VII, line 5: Jocelyn F. Caple, Interim President & CEO, is paid by Mary Hitchcock Memorial Hospital, which was an unrelated organization until 7/31/2024, via a professional services agreement. During calendar year 2023, Valley Regional Healthcare paid Mary Hitchcock Memorial Hospital $396,945 for services rendered to Valley Regional Healthcare. Effective 7/31/2024, Dartmouth Hitchcock Health became the sole member of Valley Regional Healthcare and MHMH became a related organization to Valley Regional Healthcare. Pursuant to the instructions Ms. Caple's 2023 calendar year wages and benefits as paid by MHMH are reported as related organization compensation on Part VII and Schedule J. Celeste Pitts, Interim CFO, is paid by Helms & Co., an unrelated organization via a professional agreement. During calendar year 2023, Valley Regional Healthcare paid Helms & Co. $37,200 for services rendered to Valley Regional Healthcare. The actual compensation paid to Ms. Pitts by Helms & Co. is not known to the Organization. As such, pursuant to the Form 990 instructions, the Organization is reporting the amount paid for services rendered as compensation to Ms. Pitts, and is reporting this amount on Form 990, Part VII, Column E. Form 990, Part VI, Section A, line 3 Celeste Pitts serves as the Interim Chief Financial Officer and is compensated by Helms & Co., an independent management company engaged by the organization. Ms. Pitts performs certain financial and management functions under the supervision of the board of directors. Form 990, Part VI, Section A, line 4 Effective 7/31/24, Dartmouth-Hitchcock Health (DHH) became the sole member of VRHC. DHH now has the right to appoint up to one third of the Hospital Board, and has reserve powers that include approval of Board of Trustee (BOT) actions. The DHH CEO or designee is now a member of the BOT Executive committee. The CEO of the organization now reports to the BOT and the DHH CEO or designee. Form 990, Part VI, Section A, line 6 Until July 31, 2024, the Corporation had an assembly of Overseers. Effective 7/31/24 the assembly of Overseers was dissolved and Dartmouth-Hitchcock Health became the sole corporate member of the Corporation Form 990, Part VI, Section A, line 7a Until July 31, 2024, the Overseers elected directors to the Board. Additionally, the CEO of Dartmouth Hitchcock Medical Center had the right to appoint one representative to the Board of Trustees. Effective 7/31/24 Dartmouth-Hitchcock Health has the right to appoint up to one third of the Trustees serving on the Board. Form 990, Part VI, Section A, line 7b The power to alter, amend or repeal the bylaws or to adopt new bylaws was vested in the Assembly of Overseers prior to 7/31/24. Effective 7/31/24 Dartmouth-Hitchcock Health has reserve powers to ratify certain decisions of the Board. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the CFO and a full copy is shared and reviewed with the CEO and the Finance Committee members. The Finance Committee members are given an opportunity for comment prior to filing. The review is conducted by the CFO. Form 990, Part VI, Section B, line 12c The Risk & Compliance Office requires annual review of the conflict of interest policy. All Officers, Directors, Trustees, and Key Employees must sign an acknowledgment of the policy and disclose any interests that could give rise to conflicts. The signed forms are held in the following locations: Officers and Trustees - Executive Assistant office Directors and Key Employees - In the Elsevier Human Resources system Contracted Services - within or alongside any contract in the corresponding administration or materials area Form 990, Part VI, Section B, line 15 The executive committee of the board of trustees convenes two to four times annually to review the compensation of the CEO. The amount of compensation shall be reviewed by the D-H independent compensation consultant for purposes of determining compliance with the rebuttable presumption, if necessary. The CEO compensation is tied to the strategic planning goals of the Organization. Regional compensation of like-sized organizations is used for comparison purposes. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Valley Regional Healthcare, Inc. 243 Elm Street Claremont, NH 03743 EIN: 02-0397338 Valley Regional Healthcare, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Business Combination - Fair Value Adjustment -2,557,461. Form 990, Part XI, Line 9: Other Changes in Net Asset The business combination was accounted for using the acquisition method of accounting. DHH has chosen to push-down the fair value adjustment of $2,901,000 related to the identifiable assets and liabilities, which consisted of land, buildings and equipment of the Organization. The $2,557,461 represents the adjustment portion for Valley Regional Healthcare, Inc. Valley Regional Hospital Inc 243 Elm Street Claremont NH 03743 020222118 Critical Access Hospital NH 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Alice Peck Day Memorial Hospital 10 Alice Peck Day Drive Lebanon NH 03766 020222791 Hospital NH 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Dartmouth-Hitchcock Health One Medical Center Drive Lebanon NH 03756 264812335 Parent Organization NH 501(c)(3) Line 7 N/A 0 Dartmouth-Hitchcock Clinic One Medical Center Drive Lebanon NH 03756 222519596 Physician Services NH 501(c)(3) Line 10 Dartmouth-Hitchcock Health 0 Mary Hitchcock Memorial Hospital One Medical Center Drive Lebanon NH 03756 020222140 Hospital NH 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 The New London Hospital Association Inc 273 County Road New London NH 03257 020222171 Hospital NH 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Windsor Hospital Corporation 289 Country Road Windsor VT 05089 030183721 Hospital VT 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Cheshire Medical Center 580 Court Street Keene NH 03431 020354549 Hospital NH 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Visiting Nurse Association and Hospice of VT & NH Inc 88 Prospect Street White River Junction VT 05001 036006494 Healthcare VT 501(c)(3) Line 10 Dartmouth-Hitchcock Health 0 Southwestern Vermont Health Care Corporation 100 Hospital Drive Bennington VT 05201 030179435 Hospital VT 501(c)(3) Line 3 Dartmouth-Hitchcock Health 0 Charitable Remainder Trusts (3) Charitable Trust NH Valley Regional Hospital Inc 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 Valley Regional Hospital Inc L 1324914 Amounts Received Valley Regional Hospital Inc A 931633 Amounts Received