SOUTHWESTERN VERMONT HEALTH CARE C… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Principal Officer

THOMAS DEE

Phone

8024426361

Tax Period

2023-10-01 to 2024-09-30

SOUTHWESTERN VERMONT HEALTH CARE CORPORATION, founded in 1912, is a mid-sized nonprofit in the Health Care sector that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.3M, a strong 77% operating margin.

Mission

TO CARE FOR AND COMFORT OUR PATIENTS, RESIDENTS, AND THEIR LOVED ONES AND TO IMPROVE THE HEALTH STATUS OF THE COMMUNITIES WE SERVE. THE PURPOSE OF THE ORGANIZATION IS ALSO TO PROMOTE AND SUPPORT THE DEVELOPMENT AND MAINTENANCE OF A HIGHLY EFFICIENT, PATIENT-FOCUSED, INTEGRATED HEALTHCARE DELIVERY SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $3,349,923 Revenue: $3,854,224

SOUTHWESTERN VERMONT HEALTH CARE CORPORATION MANAGES AND MAINTAINS MEDICAL OFFICE BUILDINGS IN BENNINGTON, MANCHESTER, WILMINGTON, POWNAL AND WEST DOVER IN VERMONT AS WELL AS HOOSICK FALLS, NEW YORK...

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $3,854,224

Investment Income $11,848,625

Other Revenue $0

TOTAL REVENUE $15,952,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $462,688

Fundraising Expenses $0

Program Expenses $3,349,923

Other Expenses $3,208,138

TOTAL EXPENSES $3,670,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,952,849	$5,736,631	+1.8%
Expenses	$3,670,826	$3,749,650	0.0%
Net Income	$12,282,023	$1,986,981	+5.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$1,181,622

Total Directors

$3,572,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BAREFOOT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E BRADY	TRUSTEE / DENTIST	1.00	Director	$0	$101	$177,202
CAROL CONROY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS A DEE	CEO	1.00	Officer Director	$0	$368,407	$1,084,408
KATHLEEN FISHER	CHAIR	1.00	Officer Director	$0	$0	$0
DIMITRI GARDER	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE GRANQUIST	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS H GREEN III	TRUSTEE	1.00	Director	$0	$0	$0
KRISTYN HARRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE JASTREMSKI	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN KELLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANGIE MARANO	TRUSTEE	1.00	Director	$0	$0	$0
KEITH MICHL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MILES	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN G O'GRADY	TRUSTEE	1.00	Director	$0	$0	$0
THEMARGE SMALL	TRUSTEE	1.00	Director	$0	$53,193	$439,606
ROBERT VAN DEGNA	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW VERNON	TRUSTEE	1.00	Director	$0	$63,842	$521,708
GEORGE KEADY	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW STANISHEWSKI	TRUSTEE	1.00	Director	$0	$62,416	$365,358
STEPHAN LEBLANC	TRUSTEE	1.00	Director	$0	$66,015	$984,376
ROBERT LABA	CFO/TREASURER	9.00	Officer	$0	$101	$97,214
MARK EPLER	PHYSICAL THERAPIST	40.00	Highest	$110,513	$35,310	$145,823
STEPHEN D MAJETICH	FORMER CFO/TREASURER	0.00		$0	$18,870	$563,960

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	$15,952,849	$3,670,826	$84,070,064	$12,282,023
2023	$5,736,631	$3,749,650	$83,198,513	$1,986,981
2022	$7,690,223	$3,565,358	$69,594,455	$4,124,865
2021	$14,293,926	$3,333,298	$84,156,797	$10,960,628
2020	$6,374,667	$3,469,804	$75,476,166	$2,904,863
2019	$5,137,158	$3,494,928	$75,928,188	$1,642,230
2018	$5,767,481	$3,529,187	$73,257,458	$2,238,294

SOUTHWESTERN VERMONT HEALTH CARE CORPORATION