Gifford Medical Center Inc

EIN: 030179418 501(c)(3) Health Care

Randolph, VT

Total Revenue
$75,341,174
Total Expenses
$77,804,073
Total Assets
$101,156,177
Net Assets
$65,824,782
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
VT
Principal Officer
Michael Costa
Phone
8027287000
Tax Period
2023-10-01 to 2024-09-30

Gifford Medical Center Inc, founded in 1905, is a mid-sized nonprofit in the Health Care sector that reported $75.3M in total revenue in fiscal year 2023.

Mission

Gifford Medical Center is a non-profit acute care hospital providing healthcare on an inpatient and outpatient basis.

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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 $657,691
Program Service Revenue $69,822,075
Investment Income $3,897,517
Other Revenue $963,891
TOTAL REVENUE $75,341,174

Expense Breakdown

Grants Paid $198,441
Salaries & Benefits $44,119,544
Fundraising Expenses $0
Program Expenses $57,054,762
Other Expenses $33,486,088
TOTAL EXPENSES $77,804,073

Year-over-Year Comparison

2023 2022 Change
Revenue $75,341,174 $70,252,978 +0.1%
Expenses $77,804,073 $73,781,432 +0.1%
Net Income $-2,462,899 $-3,528,454 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
12
Employees
512
Volunteers
35

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
$1,272,795
Total Directors
16
$735,884
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victor Ribaudo Chair 1.00
Officer Director
$0 $0 $0
Megan Cicio Vice Chair 1.00
Officer Director
$0 $0 $0
Peter Reed Treasurer 1.00
Officer Director
$0 $0 $0
Kristin Chandler Secretary 1.00
Officer Director
$0 $0 $0
Matthew Considine Director/Trustee 1.00
Director
$0 $0 $0
Jody Davignon Director/Trustee 1.00
Director
$0 $0 $0
Frederick Hauser Trustee 1.00
Director
$0 $0 $0
Sarah Jackson Director/Trustee 1.00
Director
$0 $0 $0
Jeffrey Nelb Director/Trustee 1.00
Director
$0 $0 $0
Morgan Rilling Director/Trustee 1.00
Director
$0 $0 $0
Cindy Rosalbo Director/Trustee 1.00
Director
$0 $0 $0
Clay Westbrook Director/Trustee 1.00
Director
$0 $0 $0
Theron Manning Past Director/Trustee 1.00
Director
$0 $0 $0
Todd Winslow Past Director/Trustee 1.00
Director
$0 $0 $0
Emilija Florance Trustee/Med. Staff President 40.00
Director
$257,917 $27,817 $285,734
Daniel Bennett President & CEO 40.00
Officer Director
$399,393 $50,757 $450,150
Jennifer Bertrand Past CFO 40.00
Officer
$279,345 $14,407 $293,752
Cheyenne Holland CFO 40.00
Officer
$158,925 $0 $158,925
William King Past Inteirm CFO 40.00
Officer
$369,968 $0 $369,968
Jeffrey J Bath Physician 40.00
Highest
$487,399 $58,938 $546,337
Dennis P Gilroy Physician 40.00
Highest
$486,759 $58,388 $545,147
Aleksandr Sokolovsky Surgeon 40.00
Highest
$447,127 $31,875 $479,002
John A Dreslin Physician Specialty Clinic 40.00
Highest
$445,060 $19,148 $464,208
Bruce W Andrus Physician 40.00
Highest
$438,541 $41,239 $479,780
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 $75,341,174 $77,804,073 $101,156,177 $-2,462,899
2023 $70,252,978 $73,781,432 $102,439,864 $-3,528,454
2022 $77,453,902 $70,165,288 $102,925,623 $7,288,614
2021 $64,519,063 $56,662,309 $109,529,508 $7,856,754
2020 $58,940,770 $52,988,407 $106,034,169 $5,952,363
2019 $57,677,588 $53,061,681 $94,756,847 $4,615,907
2018 $55,535,383 $55,373,124 $94,970,572 $162,259
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