Brattleboro Memorial Hospital

EIN: 030107300 501(c)(3) Health Care

Brattleboro, VT

Total Revenue
$116,621,661
Total Expenses
$119,874,907
Total Assets
$103,465,911
Net Assets
$69,104,323
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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
VT
Principal Officer
Christopher Dougherty
Phone
8022570341
Tax Period
2023-10-01 to 2024-09-30

Brattleboro Memorial Hospital, founded in 1904, is a major nonprofit in the Health Care sector that reported $116.6M in total revenue in fiscal year 2023.

Mission

Brattleboro Memorial Hospital will provide community-based quality health services delivered with compassion and respect.

Program Service Accomplishments

Program 1
Expenses: $102,055,988 Revenue: $111,903,310

Provision of Hospital Care, both inpatient and outpatient services, on a region-wide basis. BMH provided healthcare services to approximately 2,549 inpatients and 178,078 outpatients throughout the...

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Provision of Hospital Care, both inpatient and outpatient services, on a region-wide basis. BMH provided healthcare services to approximately 2,549 inpatients and 178,078 outpatients throughout the year.Brattleboro Memorial Hospital is a modern, well-equipped and professionally staffed community hospital which has been serving greater Brattleboro and the tri-state area since 1904. Throughout our more than a century of caring for our community, BMH has kept up with medical technology which, in turn, has drawn excellent physicians to our facility. The BMH Medical Staff boasts more than 100 board-certified physicians, active in both primary care and many specialties.

Program 2

Charity Care:The Hospital's charity care program is designed to assist those patients who are either uninsured, underinsured or have limited financial resources that impact their ability to fully pay...

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Charity Care:The Hospital's charity care program is designed to assist those patients who are either uninsured, underinsured or have limited financial resources that impact their ability to fully pay for their hospital care. Before completing an application for charity care, patients are first asked to investigate whether or not they may be eligible for Medicare, Medicaid, Veteran's Benefits or other governmental or public assistance programs.The Hospital's qualifications for charity care are as follows:1. Charity care is limited to medically necessary services. Patients receiving certain elective services, such as those considered cosmetic, investigational or experimental, are expected to make payment arrangements in advance, as these types of services are not covered by the charity care program.2. The patient's family income must be at or below 350% of the current Federal Poverty Income Guidelines for their applicable family size.The Hospital maintains records to identify and monitor the level of charity care it provides. These records include the amount of charges foregone for services and supplies furnished under its charity care policy, the estimated cost of those services and supplies and equivalent service statistics. The following information measures the level of the charity care provided during the year ended September 30, 2024:Equivalent percentage of charity care services to all services 0.75%In addition, the Hospital incurs a payment shortfall in the treatment of Medicaid patients. This government program reimburses for medical services at less than the costs incurred to provide those services. In September 30, 2024 and 2023, the Hospital incurred a shortfall of approximately $11,624,296 and $10,033,824, respectively, related to treating Medicaid patients.The Hospital also provided other community benefits upon which no monetary value has been placed.-Offers free smoking cessation classes.-Collaborates with other community agencies in publishing a community wellness calendar twice a year.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,973,693
Program Service Revenue $111,903,310
Investment Income $2,833,907
Other Revenue $-89,249
TOTAL REVENUE $116,621,661

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $65,097,061
Fundraising Expenses $0
Program Expenses $102,055,988
Other Expenses $54,772,846
TOTAL EXPENSES $119,874,907

Year-over-Year Comparison

2023 2022 Change
Revenue $116,621,661 $111,598,634 +0.0%
Expenses $119,874,907 $113,175,769 +0.1%
Net Income $-3,253,246 $-1,577,135 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
9
Employees
807
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$878,245
Total Directors
12
$1,130,183
Key Employees
2
$742,382
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhonda Calhoun Board Chair 4.00
Officer Director
$0 $0 $0
Sarah Swank Board Vice Chair 1.00
Officer Director
$0 $0 $0
Carmen Derby Board Secretary 1.00
Officer Director
$0 $0 $0
John VP Meyer Board Treasurer 1.00
Officer Director
$0 $0 $0
Anne Bilodeau Board Member 1.00
Director
$0 $0 $0
Paul Boutin Board Member 1.00
Director
$0 $0 $0
Norma Hardy Board Member 1.00
Director
$0 $0 $0
Chloe Learey Board Member 1.00
Director
$0 $0 $0
Tammy Richards Board Member 1.00
Director
$0 $0 $0
Michael Mandracchia Past Board Vice Chair 1.00
Officer Director
$0 $0 $0
Elizabeth McLarney MD Board Member/Physician 40.00
Director
$816,155 $59,966 $876,121
Tony Blofson MD Board Member/Physician 40.00
Director
$207,616 $46,446 $254,062
Christopher Dougherty President & CEO 40.00
Officer
$0 $50,514 $435,479
Jennifer Griffey Past CFO 40.00
Officer
$0 $37,198 $259,183
Laura Bruno CFO 40.00
Officer
$139,101 $44,482 $183,583
Kathleen McGraw Chief Medical Officer 40.00
Key Emp
$411,479 $49,639 $461,118
Jodi Stack COO & CNO 40.00
Key Emp
$262,833 $18,431 $281,264
Dr Eric D Gallagher Staff MD Ortho 40.00
Highest
$635,108 $54,383 $689,491
Timothy D Kelley Staff MD Ortho 40.00
Highest
$465,298 $59,966 $525,264
Dr Craig A Rinder Staff MD Urology 40.00
Highest
$431,092 $50,514 $481,606
Aida Avdic Hospitalist 40.00
Highest
$389,152 $63,266 $452,418
Stephen H Fox Staff MD Gen Surgery 40.00
Highest
$386,242 $49,410 $435,652
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $116,621,661 $119,874,907 $103,465,911 $-3,253,246
2023 $111,598,634 $113,175,769 $103,886,025 $-1,577,135
2022 $102,068,101 $105,011,898 $100,056,798 $-2,943,797
2021 $94,984,604 $94,885,528 $104,110,921 $99,076
2020 $100,426,074 $92,175,416 $101,084,231 $8,250,658
2019 $88,826,053 $86,807,830 $80,602,363 $2,018,223
2018 $83,484,770 $83,382,642 $82,570,726 $102,128
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