Civic Intelligence

Elliot Professional Services

EIN 33-1003630 • 501(c)3 • Manchester, NH

Profile

The Elliot Professional Services Network is a group of highly specialized physicians and care providers, 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.

1070 Holt Avenue Unit 1 2100Manchester, NH 03109

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

4.45x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

30th percentile

0.16x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

4th percentile

-52%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$1,185,132

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

1st percentile

-54%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

8.3%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Up

$5,882,761

Up $1,392,525 (+31%) from 2023

Liabilities

Up

$13,864,512

Up $1,209,688 (+9.6%) from 2023

Net Assets

Up

-$7,981,751

Up $182,837 (+2.2%) from 2023

Revenue

Up

$81,873,039

Up $6,906,606 (+9.2%) from 2023

Expenses

Up

$127,158,090

Up $10,336,355 (+8.8%) from 2023

Net Income

Down

-$45,285,051

Down $3,429,749 (-8.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10M-$20MAssets 2010: $3,171,751Liabilities 2010: $2,908,791Net Assets 2010: $262,9602010Assets 2011: $4,520,160Liabilities 2011: $3,832,047Net Assets 2011: $688,1132011Assets 2012: $4,007,307Liabilities 2012: $4,521,249Net Assets 2012: -$513,9422012Assets 2013: $7,438,393Liabilities 2013: $5,653,489Net Assets 2013: $1,784,9042013Assets 2014: $7,810,052Liabilities 2014: $6,840,375Net Assets 2014: $969,6772014Assets 2015: $6,721,552Liabilities 2015: $8,706,925Net Assets 2015: -$1,985,3732015Assets 2016: $7,211,241Liabilities 2016: $10,763,963Net Assets 2016: -$3,552,7222016Assets 2017: $6,107,623Liabilities 2017: $10,839,923Net Assets 2017: -$4,732,3002017Assets 2018: $6,689,672Liabilities 2018: $12,224,341Net Assets 2018: -$5,534,6692018Assets 2019: $5,651,299Liabilities 2019: $13,224,802Net Assets 2019: -$7,573,5032019Assets 2020: $3,286,938Liabilities 2020: $16,911,263Net Assets 2020: -$13,624,3252020Assets 2021: $5,743,357Liabilities 2021: $17,182,469Net Assets 2021: -$11,439,1122021Assets 2022: $2,630,449Liabilities 2022: $11,702,810Net Assets 2022: -$9,072,3612022Assets 2023: $4,490,236Liabilities 2023: $12,654,824Net Assets 2023: -$8,164,5882023Assets 2024: $5,882,761Liabilities 2024: $13,864,512Net Assets 2024: -$7,981,7512024

Highlighted filing

2024

Assets$5,882,761
Liabilities$13,864,512
Net Assets-$7,981,751

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $38,171,2832010Expenses 2011: $50,779,6072011Expenses 2012: $66,757,3642012Expenses 2013: $72,462,4172013Revenue 2014: $57,280,109Expenses 2014: $77,425,004Net Income 2014: -$20,144,8952014Revenue 2015: $58,482,069Expenses 2015: $81,706,974Net Income 2015: -$23,224,9052015Revenue 2016: $59,499,832Expenses 2016: $83,291,784Net Income 2016: -$23,791,9522016Revenue 2017: $57,559,151Expenses 2017: $84,753,178Net Income 2017: -$27,194,0272017Revenue 2018: $57,447,917Expenses 2018: $90,877,735Net Income 2018: -$33,429,8182018Revenue 2019: $60,581,207Expenses 2019: $95,343,309Net Income 2019: -$34,762,1022019Revenue 2020: $59,640,761Expenses 2020: $96,451,981Net Income 2020: -$36,811,2202020Revenue 2021: $65,848,215Expenses 2021: $101,446,491Net Income 2021: -$35,598,2762021Revenue 2022: $71,336,268Expenses 2022: $108,176,761Net Income 2022: -$36,840,4932022Revenue 2023: $74,966,433Expenses 2023: $116,821,735Net Income 2023: -$41,855,3022023Revenue 2024: $81,873,039Expenses 2024: $127,158,090Net Income 2024: -$45,285,0512024

Highlighted filing

2024

Revenue$81,873,039
Expenses$127,158,090
Net Income-$45,285,051

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.88$13.9$7.98$81.9$127$45.3
2023Detailed filing. Detailed filing data is available for this year.$4.49$12.7$8.16$75.0$117$41.9
2022Detailed filing. Detailed filing data is available for this year.$2.63$11.7$9.07$71.3$108$36.8
2021Detailed filing. Detailed filing data is available for this year.$5.74$17.2$11.4$65.8$101$35.6
2020Detailed filing. Detailed filing data is available for this year.$3.29$16.9$13.6$59.6$96.5$36.8
2019Detailed filing. Detailed filing data is available for this year.$5.65$13.2$7.57$60.6$95.3$34.8
2018Detailed filing. Detailed filing data is available for this year.$6.69$12.2$5.53$57.4$90.9$33.4
2017Detailed filing. Detailed filing data is available for this year.$6.11$10.8$4.73$57.6$84.8$27.2
2016Detailed filing. Detailed filing data is available for this year.$7.21$10.8$3.55$59.5$83.3$23.8
2015Detailed filing. Detailed filing data is available for this year.$6.72$8.71$1.99$58.5$81.7$23.2
2014Detailed filing. Detailed filing data is available for this year.$7.81$6.84$0.97$57.3$77.4$20.1
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$5.65$1.78$72.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$4.52$0.51$66.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$3.83$0.69$50.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$2.91$0.26$38.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$81,873,039
Mission and Program Overview

Mission

The Elliot Professional Services Network is a group of highly specialized physicians and care providers, 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.

To promote the charitable, medical and scientific, and educational purposes of the Elliot Health System and its affiliated organizations through the employment of physicians and other professional personnel to provide medical care to those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,675,939$4,388,676▲ $1,712,737
Savings and Temporary Cash Investments$956,376$938,730▼ $17,646
Land, Buildings, and Equipment, Net$300,187$437,939▲ $137,752
Prepaid Expenses and Deferred Charges$84,797$96,102▲ $11,305
Cash and Non-Interest-Bearing Accounts$1,180$1,180→ $0
Total Assets$4,490,236$5,882,761▲ $1,392,525
Other Assets Total$471,757$20,134▼ $451,623
Liabilities
Accounts Payable and Accrued Expenses$9,990,652$11,242,411▲ $1,251,759
Other Liabilities$2,664,172$2,622,101▼ $42,071
Total Liabilities$12,654,824$13,864,512▲ $1,209,688
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,164,588$-7,981,751▲ $182,837
Total Net Assets Fund Balance$-8,164,588$-7,981,751▲ $182,837
Total Liabilities and Net Assets / Fund Balance$4,490,236$5,882,761▲ $1,392,525

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$380,380$1,514,103$1,894,483
Other Land Buildings$57,559$5,180$62,739
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert Parisien MDPhysicianFT$1,014,768$62,138$1,076,906
Bryan Lawless MDPhysicianFT$867,896$66,277$934,173
Dmitriy Kedrin MDPhysicianFT$782,029$84,993$867,022
Bryan Houseman DOPhysicianFT$809,023$40,273$849,296
Paul J Scibetta DOPhysicianFT$769,673$78,640$848,313
Marina Feldman MDTrusteeFT$776,871$69,092$845,963
Todd Burdette MDTrusteeFT$629,503$64,708$694,211
Matthew Ryzewski MDTrusteeFT$329,120$76,434$405,554
Elizabeth Saich MDTrusteeFT$293,117$58,789$351,906

Board Members and Trustees

NameTitle
Stephen LanganChair/Trustee
William G BaxterPresident & CEO
David CuzziTrustee
Maria Boylan DOTrustee
Michael DecelleTrustee
Michael TurilliCFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Elliot Hospital of the City of ManchesteManagement and administration1 Elliot Way, Manchester, NH 03103$2,814,689
NH Oncology HematologyMedical services250 Pleasant Street, Concord, NH 03301$2,286,111
Preferred Solutions LLCStaff Recruiting6903 Dunbarton Drive, Sugar Land, TX 77479$310,329
Comphealth Med Staffing IncStaffing solutions35 Nutmeg Drive 360, Trumbull, CT 06611$277,691
Ensearch Management LLCStaff Recruiting325 Sharon Park Drive 319, Menlo Park, CA 94025$239,128
Revenue and Support

Revenue Composition

Contributions and Grants
$55,221
Program Service Revenue
$81,817,818
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-45,285,051

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,771,350
Revenue Not Reported on Financial Statements
$3,101,689
Revenue Not Reported on Form 990
$65,023
Other Revenue Adjustments
$3,101,689
Total Revenue per Audited Statements
$78,836,373
Total Revenue per Form 990
$81,873,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$111,566,377
Other Expenses$15,591,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,179,694--$95,179,694
Other Employee Benefits$6,479,347--$6,479,347
Payroll Taxes$4,658,323--$4,658,323
Fees for Services Other$4,583,003$20,106-$4,603,109
Pension Plan Contributions$2,951,378--$2,951,378
Fees for Services Management-$2,814,689-$2,814,689
Current Officers, Directors, Trustees, and Key Employees$2,297,635--$2,297,635
Occupancy$2,194,422--$2,194,422
Office Expenses$769,750--$769,750
Depreciation Depletion$117,773--$117,773
Conferences and Meetings$86,357--$86,357
Insurance$35,615--$35,615
Fees for Services Legal$24,860--$24,860
Information Technology$16,401--$16,401
Other Expenses$10,410--$10,410
Advertising$5,834--$5,834
Total Functional Expenses$124,323,295$2,834,795$0$127,158,090

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$127,158,091
Expenses per Audited Statements$124,056,402
Total Expenses per Audited Statements$124,056,402
Expenses Not Reported on Financial Statements$3,101,689
Other Expense Adjustments$3,101,689
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliates$2,041,442
Accrued pension obligations$568,896
Due to third party payors$11,763
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 35% controlled entity
No
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

Elliot Hospital is the sole member of the reporting organization.

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

Elliot Hospital, the sole member of the reporting organization, has the right to ratify the election of all Board members of Elliot Professional Services Network. Additionally, representatives from the sole member share equal representation on the Board of Trustees with the filing organization.

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

The sole member, Elliot Hospital, has the right to the following governance decisions: approval of Elliot Professional Services Network's annual budget, approval of Bylaws and Articles of Organization and amendments of same, and approval of strategic plans.

Form 990, Part VI, Section B, line 11B

The completed Form 990 is presented to the full Board prior to filing. Board members can review the draft and bring any questions forward for discussion prior to filing.

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

Officers, directors and key employees are required annually to sign a conflict of interest form which requires reporting any potential conflict of interest arrangements with the organization.

Form 990, Part VI, Section B, line 15

The Organization's officers and key employees are compensated by a related organization, The Elliot Hospital of the City of Manchester. The Hospital uses the Compensation Committee of its Board of Trustees to retain independent compensation consultants to evaluate the total compensation of the President and CEO and their executive direct reports. The consultants utilize independent market data reflecting comparable benchmarks from like organizations. Recommendations of the consultant, covering total compensation, are reviewed and approved by the Compensation Committee of the Hospital's Board of Trustees. The Compensation Committee retains minutes of its meetings. The Compensation Committee is comprised of Hospital Board members who are independent and have no conflicts of interest. An independent consulting firm is also retained by the organization to review the compensation of the other officers and key employees. The consultants utilize independent market data reflecting comparable benchmarks from like organizations and this information is presented to the President and CEO for review and approval.

Form 990, Part VI, Section C, line 19

Each of these documents is filed with the New Hampshire Secretary of State and is available upon request.

Filing and Contact Details

Filer

Filer Name
Elliot Professional Services
EIN
33-1003630
Phone
6036638914
Address
1070 Holt Avenue Unit 1 2100, Manchester, NH 03109

Signing Officer

Name
Michael Turilli
Title
CFO
Phone
6036638914
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William G Baxter
Formed
2004
Legal Domicile
Nh
Voting Board Members
9
Independent Board Members
3
Employees
347
Volunteers
3

Preparer

Firm
Baker Newman & Noyes
Address
650 Elm Street Suite 302, Manchester, NH 03101
Preparer
Connor Smart
Phone
6036262200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Transfers from affiliates 45,489,999. Periodic pension adjustment -87,134. Net periodic pension gain 65,023.

Form 990, Part XII, Line 2C:

The audit process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

Elliot Hospital, EPN, and EPS are not-for-profit corporations as described in Section 501(c)(3) of the Internal Revenue Code, and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Management evaluated the Hospital's tax positions and concluded the Hospital has maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertaion tax positions that require adjustment to the financial statements.

Part XI, Line 2D - Other Adjustments:

Net periodic pension gain 65,023.

Part XI, Line 4B - Other Adjustments:

Provision for bad debts 3,101,689.

Part XII, Line 4B - Other Adjustments:

Provision for bad debts 3,101,689.

Raw XML AppendixShowing 400 of 984 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/Form990PartVIISectionAGrp/PersonNm0Marina Feldman MD
IRS990/Form990PartVIISectionAGrp/PersonNm1William G Baxter
IRS990/Form990PartVIISectionAGrp/PersonNm2Todd Burdette MD
IRS990/Form990PartVIISectionAGrp/PersonNm3Maria Boylan DO
IRS990/Form990PartVIISectionAGrp/PersonNm4Matthew Ryzewski MD
IRS990/Form990PartVIISectionAGrp/PersonNm5Elizabeth Saich MD
IRS990/Form990PartVIISectionAGrp/PersonNm6David Cuzzi
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Decelle
IRS990/Form990PartVIISectionAGrp/PersonNm8Stephen Langan
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Turilli
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IRS990/Form990PartVIISectionAGrp/PersonNm13Bryan Houseman DO
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IRS990/MissionDesc0The Elliot Professional Services Network is a group of highly specialized physicians and care providers, 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.
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