Civic Intelligence

Exeter Med Real Inc

990 • Fiscal year 2016 • EIN 02-0418718

Oct 01, 2015 to Sep 30, 2016 • Filed on May 03, 2017

Organization ProfileN/A
5 Alumni DriveExeter, NH 03833

(603) 580-6695

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.09x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Net Margin

4th percentile

-10%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

100th percentile

$1,041,148

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Asset Growth

79th percentile

7.2%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$31,797,874

Up $2,140,420 (+7.2%) from 2015

Net Assets

Up

$31,401,538

Up $2,225,212 (+7.6%) from 2015

Liabilities

Down

$396,336

Down $84,792 (-18%) from 2015

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin4th percentile

Revenue

Up

$4,539,764

Up $590,383 (+15%) from 2015

Expenses

Up

$5,014,552

Up $431,566 (+9.4%) from 2015

Net Income

Up

-$474,788

Up $158,817 (+25%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $27,366,729Liabilities 2011: $839,162Net Assets 2011: $26,527,5672011Assets 2012: $26,414,406Liabilities 2012: $662,014Net Assets 2012: $25,752,3922012Assets 2013: $27,546,588Liabilities 2013: $613,335Net Assets 2013: $26,933,2532013Assets 2014: $26,548,838Liabilities 2014: $488,907Net Assets 2014: $26,059,9312014Assets 2015: $29,657,454Liabilities 2015: $481,128Net Assets 2015: $29,176,3262015Assets 2016: $31,797,874Liabilities 2016: $396,336Net Assets 2016: $31,401,5382016Assets 2017: $31,008,987Liabilities 2017: $195,981Net Assets 2017: $30,813,0062017Assets 2018: $31,090,395Liabilities 2018: $508,341Net Assets 2018: $30,582,0542018Assets 2019: $39,174,988Liabilities 2019: $2,037,374Net Assets 2019: $37,137,6142019Assets 2020: $49,284,002Liabilities 2020: $480,810Net Assets 2020: $48,803,1922020Assets 2021: $48,444,143Liabilities 2021: $562,464Net Assets 2021: $47,881,6792021Assets 2022: $47,047,072Liabilities 2022: $467,083Net Assets 2022: $46,579,9892022Assets 2023: $43,744,457Liabilities 2023: $444,800Net Assets 2023: $43,299,6572023Assets 2024: $42,983,113Liabilities 2024: $212,398Net Assets 2024: $42,770,7152024

Highlighted filing

2016

Assets$31,797,874
Liabilities$396,336
Net Assets$31,401,538
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $4,467,2682011Revenue 2012: $3,725,923Expenses 2012: $4,491,184Net Income 2012: -$765,2612012Revenue 2013: $3,768,758Expenses 2013: $4,538,403Net Income 2013: -$769,6452013Revenue 2014: $3,766,978Expenses 2014: $4,640,300Net Income 2014: -$873,3222014Revenue 2015: $3,949,381Expenses 2015: $4,582,986Net Income 2015: -$633,6052015Revenue 2016: $4,539,764Expenses 2016: $5,014,552Net Income 2016: -$474,7882016Revenue 2017: $4,858,183Expenses 2017: $5,446,715Net Income 2017: -$588,5322017Revenue 2018: $5,231,720Expenses 2018: $5,462,672Net Income 2018: -$230,9522018Revenue 2019: $5,404,501Expenses 2019: $5,973,941Net Income 2019: -$569,4402019Revenue 2020: $6,592,181Expenses 2020: $7,351,603Net Income 2020: -$759,4222020Revenue 2021: $7,175,126Expenses 2021: $8,196,639Net Income 2021: -$1,021,5132021Revenue 2022: $7,393,186Expenses 2022: $8,194,876Net Income 2022: -$801,6902022Revenue 2023: $7,253,698Expenses 2023: $8,529,701Net Income 2023: -$1,276,0032023Revenue 2024: $7,816,428Expenses 2024: $8,880,309Net Income 2024: -$1,063,8812024

Highlighted filing

2016

Revenue$4,539,764
Expenses$5,014,552
Net Income-$474,788
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 3, 2017
Return Version
2015v3.0
Gross Receipts
$5,787,012
Mission and Program Overview

Mission

Exeter Med Real, Inc. is a not-for-profit subsidiary of Exeter Health Resources, Inc., which holds and manages real estate assets for the benefit of Exeter Health Resources, Inc. and its subsidiaries. Exeter Med Real, Inc. owns and leases land and buildings to these organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,060,160$30,953,233▲ $1,893,073
Cash and Non-Interest-Bearing Accounts$523,768$657,549▲ $133,781
Prepaid Expenses and Deferred Charges$41,237$154,797▲ $113,560
Savings and Temporary Cash Investments$32,289$32,295▲ $6
Total Assets$29,657,454$31,797,874▲ $2,140,420
Liabilities
Accounts Payable and Accrued Expenses$477,757$266,243▼ $211,514
Other Liabilities$3,371$130,093▲ $126,722
Total Liabilities$481,128$396,336▼ $84,792
Net Assets / Fund Balance
Unrestricted Net Assets$29,176,326$31,401,538▲ $2,225,212
Total Net Assets Fund Balance$29,176,326$31,401,538▲ $2,225,212
Total Liabilities and Net Assets / Fund Balance$29,657,454$31,797,874▲ $2,140,420

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,554,001$22,492,551$51,046,552
Other Land Buildings$1,879,752$665,681$2,545,433
Equipment$333,239$187,821$521,060
Land$186,241-$186,241
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Kevin J CallahanPresident/Secy./Trustee
Kevin J O'LearyTreasurer/Trustee
Debra CrestaTrustee
Mark WhitneyTrustee
Susan Burns-TisdaleTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Harvey ConstructionBuilding Contractor10 Harvey Road, Bedford, NH 03110$3,894,200
Exeter Hospital IncSupport Services5 Alumni Drive, Exeter, NH 03833$429,227
LavalleBrensingerArchitectural Services155 Dow Street Suite 400, Manchester, NH 03101$200,803
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,628,621
Investment Income
$-88,857
Other Revenue
$0
Change in Net Assets
$-474,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,359,289
Revenue Not Reported on Financial Statements
$180,475
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$180,475
Total Revenue per Audited Statements
$4,359,289
Total Revenue per Form 990
$4,539,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,014,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,664,485
Occupancy---$1,709,325
Fees for Services Other---$509,106
Insurance---$27,923
Fees for Services Legal---$12,965
Other Expenses---$4,530
All Other Expenses---$2,308
Interest---$24
Total Functional Expenses$0$0$0$5,014,552

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,014,552
Expenses per Audited Statements$4,834,077
Total Expenses per Audited Statements$4,834,077
Expenses Not Reported on Financial Statements$180,475
Other Expense Adjustments$180,475
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$130,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Exeter Health Resources, Inc., a charitable organization acting through its Board of Trustees, is the sole member of the organization.”

Form 990, Part VI, Section A, line 7A

“As sole shareholder, Exeter Health Resources, Inc. elects the Board of Trustees.”

Form 990, Part VI, Section A, line 7B

“The stockholder has the right to approve dissolution of the corporation and to remove the Directors.”

Form 990, Part VI, Section B, line 11

“The Form 990 is prepared by an outside tax accountant with information provided by the organization. The Form 990 is reviewed by the organization's treasurer and then presented to the Board of Trustees before it is filed with the IRS.”

Form 990, Part VI, Section B, line 12C

“The Board of Trustees has adopted a Conflict of Interest Policy that requires the disclosure of conflicts of interest either when the interest becomes a matter of possible action by the Board or during an annual disclosure process. Trustees, officers, and key employees, as well as all members of senior management, are part of the annual disclosure process, which is initiated by the issuance of a memorandum and accompanying questionnaire by the President and Chief Executive Officer (CEO). All disclosures are reviewed. Any trustee with a conflict of interest is required to abstain from voting and is not included in a quorum determination on the matter and any officer, key employee, or member of senior management with a conflict does not take part in making and is not present for any decision regarding the matter. The policy is monitored and enforced by both the President and CEO and the full Board. A separate organizational policy requires all employees to disclose any conflict of interest in writing upon hire.”

Form 990, Part VI, Section B, line 15

“The organization's parent (Exeter Health Resources, Inc.) has a formal process for determining total compensation for the president and other listed officers that is intended to provide reasonable compensation for achieving the organization's mission, to recognize individual and team performance and to comply with the organization's obligations as a tax-exempt charitable organization. The Executive Committee of the Exeter Health Resources Inc.'s Board of Trustees conducts an annual review of the compensation of the President and other listed officers. In doing so, the Committee retains a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of base, incentive, and total cash compensation, and to provide advice concerning the reasonableness of the compensation of the President and other listed officers. The Committee utilizes that analysis and other appropriate information in connection with its annual review and makes recommendations to the full Board of Exeter Health Resources Inc. for adjustment of the President's compensation and the compensation for other listed officers. Information which the committee may consider can include but is not limited to the performance of an individual and/or that individual's contributions to a team, the performance of the organization in whole and in part, the elements of total compensation and salary history, the organization's compensation targets and comparability data, including the data prepared by the independent consultant and reviewed with the Committee. The Committee incorporates a performance appraisal process in the President's and the other listed officers' compensation review. The President and other listed officers are not present when the Committee discusses their respective compensation. In addition, the Committee determines if the threshold requirements for incentive awards are met, consisting of the organization's performance results for quality, operating system excellence and financial performance. The results of the Committee's deliberations are presented to the Exeter Health Resources Inc. Board and include recommendations concerning salary range adjustments and incentive awards and the basis for the Committee's decisions/recommendations. The deliberations of the Exeter Health Resources Inc. Board are conducted in executive session with the independent members of the Board but do include the President only for that period of time in which the Exeter Health Resources Inc. Board has questions concerning the performance of any other listed officer other than the President. The Exeter Health Resources, Inc. Board reviews the President's performance and determines if the adjustments and awards recommended by the Committee for the President are in the organization's best interest and for the benefit of the organization and the parent organization. For the Exeter Med Real listed officer positions and Trustees, adjustments and incentive awards are approved upon recommendation of the President by the Executive Committee within the Exeter Health Resources, Inc. board approved parameters and ratified by the Exeter Health Resources, Inc. Board of Trustees.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Exeter Med Real Inc
EIN
02-0418718
Phone
6035806695
Address
5 Alumni Drive, Exeter, NH 03833

Signing Officer

Name
Kevin J O'Leary
Title
Treasurer
Phone
6035806695
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Callahan
Formed
1989
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Baker Newman & Noyes LLC
Address
650 ELM STREET SUITE 302, MANCHESTER, NH 03101
Preparer
Timothy R Hepburn
Phone
8002447444
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Payment to Related Organizations 429,226. Outside Fees 79,880.”

Form 990, Part XI, line 9:

“Transfer from Affiliates 2,700,000.”

Form 990, Part XII, Line 2C:

“The organization is part of the consolidated operations of Exeter Health Resources, Inc. The Exeter Health Resources Executive Committee is responsible for the oversight of the audit and the selection of an independent accountant. The audit process has not changed since the prior year.”

Financial Statement Notes

Part X, Line 2:

“Resources, the Hospital, RVNA&H, Core and Matrix are not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Med Real is a not-for-profit organization as described in Section 501(c)(25) of the Code and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Management evaluated the tax positions of these entities and has concluded that they have maintained their tax-exempt status, do not have any significant unrelated business income, and have taken no uncertain tax positions that require adjustment to the consolidated financial statements. Convergent, Vx and Services are for-profit organizations and, in accordance with federal and state tax laws, file returns separate from that of Resources. In 2016 and 2015, no federal income taxes were charged to operations due to Convergent, Vx and Services either incurring an operating loss or utilizing net operating loss carryforwards from prior years. Management believes that it has appropriate support for the income tax positions taken and to be taken on tax returns, and that their accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. These entities have concluded there are no significant uncertain tax positions requiring disclosure and there is no material liability for unrecognized tax benefits. It is the policy of these entities to recognize interest or any penalties related to unrecognized tax benefits in income tax expense. Convergent and Vx have net operating loss carryovers of approximately $2,700,000 which began expiring in 2012. The net operating losses generate a potential deferred tax asset of $1,080,000 which is offset by a corresponding valuation allowance of the same amount.”

Part XI, Line 4B - Other Adjustments:

“Expenses Netted with Revenue on Audited Financial Statements 180,475.”

Part XII, Line 4B - Other Adjustments:

“Expenses Netted with Revenue on Audited Financial Statements 180,475.”

Raw XML AppendixShowing 400 of 586 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Exeter Med Real, Inc. is a not-for-profit subsidiary of Exeter Health Resources, Inc., which holds and manages real estate assets for the benefit of Exeter Health Resources, Inc. and its subsidiaries. Exeter Med Real, Inc. owns and leases land and buildings to these organizations.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt031401538
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-88863
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-88863
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0Repairs/Maintenance
IRS990/OtherExpensesGrp/Desc1Design/Relocation Fees
IRS990/OtherExpensesGrp/TotalAmt083886
IRS990/OtherExpensesGrp/TotalAmt14530
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IRS990/OtherLiabilitiesGrp/EOYAmt0130093
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041237
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0154797
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IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Cash Discounts
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11815
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11815
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0333239
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0187821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0521060
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0180475
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0186241
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01879752
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0665681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02545433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0130093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Affiliates
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0180475
IRS990ScheduleD/RevenueSubtotalAmt04359289
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Resources, the Hospital, RVNA&H, Core and Matrix are not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Med Real is a not-for-profit organization as described in Section 501(c)(25) of the Code and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Management evaluated the tax positions of these entities and has concluded that they have maintained their tax-exempt status, do not have any significant unrelated business income, and have taken no uncertain tax positions that require adjustment to the consolidated financial statements. Convergent, Vx and Services are for-profit organizations and, in accordance with federal and state tax laws, file returns separate from that of Resources. In 2016 and 2015, no federal income taxes were charged to operations due to Convergent, Vx and Services either incurring an operating loss or utilizing net operating loss carryforwards from prior years. Management believes that it has appropriate support for the income tax positions taken and to be taken on tax returns, and that their accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. These entities have concluded there are no significant uncertain tax positions requiring disclosure and there is no material liability for unrecognized tax benefits. It is the policy of these entities to recognize interest or any penalties related to unrecognized tax benefits in income tax expense. Convergent and Vx have net operating loss carryovers of approximately $2,700,000 which began expiring in 2012. The net operating losses generate a potential deferred tax asset of $1,080,000 which is offset by a corresponding valuation allowance of the same amount.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Expenses Netted with Revenue on Audited Financial Statements 180,475.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Expenses Netted with Revenue on Audited Financial Statements 180,475.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030953233
IRS990ScheduleD/TotalExpensesPerForm990Amt05014552
IRS990ScheduleD/TotalLiabilityAmt0130093
IRS990ScheduleD/TotalRevenuePerForm990Amt04539764
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04359289
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04834077
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt182360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt271070
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt3210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt4109365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0291568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1292564
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2226824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3589297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4370844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt115900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt215900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt3167950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt483900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt124352
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt221513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt323420
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt416873
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt016717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt110232
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt26747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt350481
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt424963
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Susan Burns-Tisdale
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Debra Cresta
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Mark Whitney
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Kevin J Callahan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4Kevin J O'Leary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3President/Secy./Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Treasurer/Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0444454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1425408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2342054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt31041148
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4605945
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The President of Exeter Med Real, Inc. is compensated by a related organization, Exeter Health Resources, Inc. Exeter Health Resources, Inc. uses a compensation committee, an independent compensation consultant, a compensation survey and approval by the Board or compensation committee.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1The organization's parent (Exeter Health Resources, Inc.) maintains a split dollar supplemental retirement plan for two executives (listed below with amounts) selected by the Exeter Health Resources Board of Trustees. The plan is closed to future participants. The Plan provides for annual payments of premiums for life insurance policies insuring the listed individuals. Those life insurance premiums are collaterally assigned to the corporation and any excess accumulated value in the policies (net of accumulated premium payments which are returned to the organization upon the executive attaining the age of 70 or at the death of the participant) is available to be paid to the participant once vested at age 62 and upon retirement from the organization. Note that the split-dollar arrangement is part of an employee benefit program and economically not a direct extension of credit. Furthermore, the reportable compensation of the respective employees includes the annual value of the life insurance provided. Life insurance premium payments during tax year: Kevin Callahan $329,534 Kevin O'Leary $137,997 Excess Accumulated Value: Kevin Callahan $2,282,718 Kevin O'Leary $ 930,279 Certain of the listed employees participate in a nonqualified deferred compensation plan as described in Internal Revenue Code Section 457(f) sponsored by Exeter Health Resources, Inc. In the calendar year ended December 31, 2015, the contribution to the plan for the non-vested benefit of Kevin Callahan was $160,000 and the contribution to the plan for the non-vested benefit of Kevin O'Leary was $68,000. The contributions are intended to provide a forfeitable supplemental retirement benefit. Participants in the 457(f) plan do not vest until age 62 when it is payable to the participant.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Exeter Health Resources, Inc., a charitable organization acting through its Board of Trustees, is the sole member of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1As sole shareholder, Exeter Health Resources, Inc. elects the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The stockholder has the right to approve dissolution of the corporation and to remove the Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is prepared by an outside tax accountant with information provided by the organization. The Form 990 is reviewed by the organization's treasurer and then presented to the Board of Trustees before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Trustees has adopted a Conflict of Interest Policy that requires the disclosure of conflicts of interest either when the interest becomes a matter of possible action by the Board or during an annual disclosure process. Trustees, officers, and key employees, as well as all members of senior management, are part of the annual disclosure process, which is initiated by the issuance of a memorandum and accompanying questionnaire by the President and Chief Executive Officer (CEO). All disclosures are reviewed. Any trustee with a conflict of interest is required to abstain from voting and is not included in a quorum determination on the matter and any officer, key employee, or member of senior management with a conflict does not take part in making and is not present for any decision regarding the matter. The policy is monitored and enforced by both the President and CEO and the full Board. A separate organizational policy requires all employees to disclose any conflict of interest in writing upon hire.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization's parent (Exeter Health Resources, Inc.) has a formal process for determining total compensation for the president and other listed officers that is intended to provide reasonable compensation for achieving the organization's mission, to recognize individual and team performance and to comply with the organization's obligations as a tax-exempt charitable organization. The Executive Committee of the Exeter Health Resources Inc.'s Board of Trustees conducts an annual review of the compensation of the President and other listed officers. In doing so, the Committee retains a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of base, incentive, and total cash compensation, and to provide advice concerning the reasonableness of the compensation of the President and other listed officers. The Committee utilizes that analysis and other appropriate information in connection with its annual review and makes recommendations to the full Board of Exeter Health Resources Inc. for adjustment of the President's compensation and the compensation for other listed officers. Information which the committee may consider can include but is not limited to the performance of an individual and/or that individual's contributions to a team, the performance of the organization in whole and in part, the elements of total compensation and salary history, the organization's compensation targets and comparability data, including the data prepared by the independent consultant and reviewed with the Committee. The Committee incorporates a performance appraisal process in the President's and the other listed officers' compensation review. The President and other listed officers are not present when the Committee discusses their respective compensation. In addition, the Committee determines if the threshold requirements for incentive awards are met, consisting of the organization's performance results for quality, operating system excellence and financial performance. The results of the Committee's deliberations are presented to the Exeter Health Resources Inc. Board and include recommendations concerning salary range adjustments and incentive awards and the basis for the Committee's decisions/recommendations. The deliberations of the Exeter Health Resources Inc. Board are conducted in executive session with the independent members of the Board but do include the President only for that period of time in which the Exeter Health Resources Inc. Board has questions concerning the performance of any other listed officer other than the President. The Exeter Health Resources, Inc. Board reviews the President's performance and determines if the adjustments and awards recommended by the Committee for the President are in the organization's best interest and for the benefit of the organization and the parent organization. For the Exeter Med Real listed officer positions and Trustees, adjustments and incentive awards are approved upon recommendation of the President by the Executive Committee within the Exeter Health Resources, Inc. board approved parameters and ratified by the Exeter Health Resources, Inc. Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6These documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payment to Related Organizations 429,226. Outside Fees 79,880.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Transfer from Affiliates 2,700,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The organization is part of the consolidated operations of Exeter Health Resources, Inc. The Exeter Health Resources Executive Committee is responsible for the oversight of the audit and the selection of an independent accountant. The audit process has not changed since the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0020469711
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1020469712
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2020419850
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3201598042
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NH

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,797,874
Liabilities
$396,336
Net assets
$31,401,538
Revenue
$4,539,764
Expenses
$5,014,552
Net income
-$474,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.0$0.21$42.8$7.82$8.88$1.06
2023Detailed filing. Detailed filing data is available for this year.$43.7$0.44$43.3$7.25$8.53$1.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$0.47$46.6$7.39$8.19$0.80
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$0.56$47.9$7.18$8.20$1.02
2020Detailed filing. Detailed filing data is available for this year.$49.3$0.48$48.8$6.59$7.35$0.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$2.04$37.1$5.40$5.97$0.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$0.51$30.6$5.23$5.46$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.0$0.20$30.8$4.86$5.45$0.59
2016Detailed filing. Detailed filing data is available for this year.$31.8$0.40$31.4$4.54$5.01$0.47
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$29.7$0.48$29.2$3.95$4.58$0.63
2014Detailed filing. Detailed filing data is available for this year.$26.5$0.49$26.1$3.77$4.64$0.87
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$27.5$0.61$26.9$3.77$4.54$0.77
2012Summary only. Only limited summary data is available for this year.$26.4$0.66$25.8$3.73$4.49$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$0.84$26.5$4.47