PORTER HOSPITAL INC

EIN: 030181058 501(c)(3) Health Care

MIDDLEBURY, VT

Total Revenue
$128,560,962
Total Expenses
$120,351,131
Total Assets
$105,581,545
Net Assets
$77,269,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
VT
Principal Officer
BOB ORTMYER
Phone
8023884701
Tax Period
2023-10-01 to 2024-09-30

PORTER HOSPITAL INC, founded in 1941, is a major nonprofit in the Health Care sector that reported $128.6M in total revenue in fiscal year 2023. Expenses of $120.4M left a modest 6% surplus.

Mission

OPERATION OF A CRITICAL ACCESS HOSPITAL, IN LINE WITH OUR MISSION TO IMPROVE THE HEALTH OF OUR COMMUNITY, ONE PERSON AT A TIME.

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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 $1,675,589
Program Service Revenue $123,997,376
Investment Income $1,090,173
Other Revenue $1,797,824
TOTAL REVENUE $128,560,962

Expense Breakdown

Grants Paid $207,056
Salaries & Benefits $61,685,711
Fundraising Expenses $176,828
Program Expenses $93,644,186
Other Expenses $58,458,364
TOTAL EXPENSES $120,351,131

Year-over-Year Comparison

2023 2022 Change
Revenue $128,560,962 $120,347,555 +0.1%
Expenses $120,351,131 $110,741,646 +0.1%
Net Income $8,209,831 $9,605,909 -0.1%
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

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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
13
Employees
680
Volunteers
232

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
6
$736,306
Total Directors
16
$408,217
Key Employees
3
$1,082,197
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA GRANGENT DIRECTOR 2.00
Director
$0 $0 $0
DR KRISTOFER ANDERSON DIRECTOR 2.00
Director
$0 $35,728 $408,217
JUDSON BARTLETT DIRECTOR 2.00
Director
$0 $0 $0
MEGAN BRAKELEY DIRECTOR 2.00
Director
$0 $0 $0
ANNE COLLINS DIRECTOR 2.00
Director
$0 $0 $0
SIVAN COTEL DIRECTOR (TIL 12/2023) 2.00
Director
$0 $0 $0
BILL CUNNINGHAM DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW CURRAN TREASURER 2.00
Officer Director
$0 $0 $0
KIM FARNHAM CHAIR 2.00
Officer Director
$0 $0 $0
RICHARD FOOTE DIRECTOR (TIL 12/2023) 2.00
Director
$0 $0 $0
NICHOLAS LOVEJOY SECRETARY 2.00
Officer Director
$0 $0 $0
LINDA SCHIFFER DIRECTOR 2.00
Director
$0 $0 $0
HELENA VAN VOORST VICE CHAIR 2.00
Officer Director
$0 $0 $0
SMITA RUZIKA DIRECTOR (AS OF 01/2024) 2.00
Director
$0 $0 $0
RACHEL LEE CUMMINGS DIRECTOR (AS OF 01/2024) 2.00
Director
$0 $0 $0
JULIA GRAND DOUCET DIRECTOR (AS OF 01/2024) 2.00
Director
$0 $0 $0
BOB ORTMYER PRES, ECH & PMC 15.00
Officer
$0 $62,284 $425,045
SCOTT COMEAU CFO 15.00
Officer
$0 $41,728 $311,261
BRANDI BETCHER HELM AVP OPERATIONS 22.50
Key Emp
$0 $10,024 $220,763
LINDA HAVEY AVP CHIEF NURSING OFFICER 15.00
Key Emp
$0 $12,116 $257,209
DR JASON SANDERS PRES/CEO OF UVMHNMG 1.00
Key Emp
$0 $95,550 $604,225
AMY BISHOP CRNA 45.00
Highest
$299,909 $41,570 $341,479
ERIC BERG CRNA 45.00
Highest
$298,418 $45,535 $343,953
WILLIAM HARRINGTON CRNA 45.00
Highest
$275,238 $11,299 $286,537
ADAM ECKHARDT CRNA 45.00
Highest
$262,323 $39,057 $301,380
TIFFANY LOVE AVP/CHIEF NURSING OFF (TIL 7/2023) 45.00
Highest
$251,339 $6,817 $258,156
TOM THOMPSON FMR PRES & COO 0.00
$0 $11,310 $457,809
JUDY PEEK-LEE FMR INTERIM CFO 0.00
$0 $39,318 $430,854
MICHAEL LEYDEN FMR AVP OPERATIONS 0.00
$104,587 $20,205 $124,792
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 $128,560,962 $120,351,131 $105,581,545 $8,209,831
2023 $120,347,555 $110,741,646 $88,130,330 $9,605,909
2022 $106,999,340 $102,057,078 $76,238,721 $4,942,262
2021 $99,708,457 $91,608,021 $83,460,872 $8,100,436
2020 $90,888,178 $86,173,531 $81,451,514 $4,714,647
2019 $92,189,573 $86,649,050 $70,431,457 $5,540,523
2018 $86,491,992 $81,226,042 $68,612,130 $5,265,950
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