New Hampshire · Nonprofit
LRGHealthcare
LRGHealthcare (New Hampshire) receives grants from 9 organizations whose IRS filings report $545,007 to it, the largest being NEW ENGLAND TELEHEALTH CONSORTIUM ($315,495). 5 of them have funded it in more than one year.
- Revenue FY2022
- $0
- Funders on record
- 9
- Grants received
- $545k
- Net assets
- $0
What LRGHealthcare does
Mission
HGRL's mission was to provide quality, compassionate care and to strengthen the well-being of its community.
As stated on its FY2024 Form 990-EZ.
Program
On its FY2020 return the organization reported a significant change in how it conducts a program.
On October 19, 2020, the Hospitals entered into an asset purchase agreement with Concord Hospital, Inc. to acquire certain assets of Lakes Region General Hospital and Franklin Regional Hospital. Upon execution of the Agreement, the Hospitals filed a voluntary case under Chapter 11 of the United States bankruptcy code. The Hospitals continued to operate their business as a "debtor in possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. On December 24, 2020, the court entered the Order (I) Approving the Sale of Substantially All of The Debtor's Estate Free and Clear of All Interests, (II) Approving the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (III) Granting Related Relief. Accordingly, HGRL ceased all hospital and healthcare services as of May, 2021. All activity after the May 2021 transaction consisted of wind-down transactions and bankruptcy proceedings.
Its own explanation, from Schedule O of that return (Part III, line 3).
HGRL and Subsidiary (f/k/a LRGHealthcare, the Institution) is a New Hampshire not-for-profit corporation that previously owned and operated two hospitals and their affiliated programs and services in the Twin Rivers and Lake Winnipesaukee regions of NH approximately 90 miles north of Boston, MA. The Institution formerly operated as a healthcare system comprised of Lakes Region General Hospital (LRGH) and Franklin Regional Hospital (FRH). HGRL has ceased all hospital and healthcare services as of May, 2021. All activity after the May 2021 transaction consisted of wind-down transactions and bankruptcy proceedings. For additional information, refer to the narrative for this Form 990, Part III, Line 3.
$73,879,160 spent$19,391,021 earned by the program100% of program spending
The program described on its FY2020 Form 990. Program spending in total: $73,879,160.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $149M to $26M (−83%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 9% · 2021 22%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Cynthia Baron
Trustee/Chair
As listed on its FY2022 Form 990-EZ.
Who funds it, year by year
2017 → 2023: the base narrowed from 5 funders to 1 funder, grant income fell $152k → $0.
2 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LRGHealthcare’s funders (the co-funder graph). Top 8 of 9 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LRGHealthcare leans on a few funders — its largest provides 58% of grant income and the top three 82%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
88% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LRGHealthcare.
Largest funder’s share by year: 2017 62% · 2018 85% · 2019 52% · 2020 75% · 2021 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
17% of LRGHealthcare's funders are still giving 3 years after their first grant; 56% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2021, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
LRGHealthcare draws 71% of its grant income from funders outside New Hampshire, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $81k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like LRGHealthcare
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Hampshire
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LRGHealthcare: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LRGHealthcare?
- LRGHealthcare (New Hampshire) receives grants from 9 organizations whose IRS filings report $545,007 to it, the largest being NEW ENGLAND TELEHEALTH CONSORTIUM ($315,495). 5 of them have funded it in more than one year.
- How many funders does LRGHealthcare have?
- IRS filings report 9 organizations giving $545,007 in grants to LRGHealthcare, 5 of which have funded it in more than one year.
- Who is the largest funder of LRGHealthcare?
- NEW ENGLAND TELEHEALTH CONSORTIUM is the largest funder on record, with $315,495 in grants. The full list of funders is on this page.
- How can an organization like LRGHealthcare find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Hampshire. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2022 (financials across 2017–2022), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing