Rutland Hospital Inc (EIN 030183483) - Form 990 Financial Analysis & Trantor Score

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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

1892

Legal Domicile

Phone

8027757111

Tax Period

2023-10-01 to 2024-09-30

Rutland Hospital Inc, founded in 1892, is a major nonprofit in the Health Care sector that reported $363.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $346.6M left a modest 5% surplus.

Mission

RRMC PROVIDES HIGH QUALITY, HOSPITAL, AND SPECIALTY CARE FOR ALL THROUGH THE STRENGTH AND COMPASSION OF OUR PEOPLE. SEE SCHEDULE O FOR MORE INFORMATION.

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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 $5,045,278

Program Service Revenue $345,299,730

Investment Income $13,195,016

Other Revenue $210,851

TOTAL REVENUE $363,750,875

Expense Breakdown

Grants Paid $797,020

Salaries & Benefits $197,324,858

Fundraising Expenses $513,819

Program Expenses $295,763,086

Other Expenses $148,429,973

TOTAL EXPENSES $346,551,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,750,875	$324,335,651	+0.1%
Expenses	$346,551,851	$338,672,122	+0.0%
Net Income	$17,199,024	$-14,336,471	-2.2%

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

2023

Volunteers

192

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

$750,835

Total Directors

$1,595,239

Key Employees

$2,297,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise A Clark	Vice Chair End 04/24; Chair Beg 04/24	1.0	Officer Director	$0	$0	$0
Joan F Gamble	Secretary End 04/24; Vice Chair Beg 04/24	1.0	Officer Director	$0	$0	$0
Margo Jones	Director End 04/24; Secretary Beg 04/24	1.0	Officer Director	$0	$0	$0
Mark K Foley Jr	Chair End 04/24; Director Beg 04/24	1.0	Officer Director	$0	$0	$0
Alison Davis MD	Director Beg 05/24	40.0	Director	$458,624	$58,256	$516,880
Bill Olsen	Director	1.0	Director	$0	$0	$0
Daniel Doenges	Director	1.0	Director	$0	$0	$0
Dick Courcelle	Director	1.0	Director	$0	$0	$0
Edward J Merrens MD	Director End 04/24	1.0	Director	$0	$0	$0
Jonathan Huntington MD	Director Beg 04/24	1.0	Director	$0	$0	$0
Joseph Kraus	Director End 04/24	1.0	Director	$0	$0	$0
Mark Alderman	Director Begin 04/24	1.0	Director	$0	$0	$0
Mark Bisanzo MD	Director Beg 04/24	1.0	Director	$0	$0	$0
Mary M Beerworth MD	Director	1.0	Director	$0	$0	$0
Matt Kinsman	Director	1.0	Director	$0	$0	$0
Michael Dimeola MD	Director	40.0	Director	$563,991	$28,934	$592,925
Michael Gardner	Director	1.0	Director	$0	$0	$0
Michele Nelson	Director	1.0	Director	$0	$0	$0
Paul Gallo	Director	1.0	Director	$0	$0	$0
Phillip R Lapp MD	Director End 05/24	40.0	Director	$421,270	$64,164	$485,434
Renee Bousquet	Director Beg 04/24	1.0	Director	$0	$0	$0
Robert Riley	Director End 10/23	1.0	Director	$0	$0	$0
S Patrick Bender MD	Director End 11/23	1.0	Director	$0	$0	$0
Sara King	Director	1.0	Director	$0	$0	$0
Jennifer A Bertrand	CFO Beg 12/23	40.0	Officer	$13,462	$0	$13,462
Judi K Fox	INTERIM CFO END 12/23; PRESIDENT / CEO	40.0	Officer	$635,518	$101,855	$737,373
Brian Kerns	VP Human Resources	40.0	Key Emp	$284,232	$43,215	$327,447
Elizabeth A Kyhill	VP Medical Group Operations	40.0	Key Emp	$225,676	$12,318	$237,994
Jonathan Reynolds	VP Clinical Services	40.0	Key Emp	$300,340	$48,174	$348,514
Kelly O Watson	VP Chief Nursing Officer	40.0	Key Emp	$281,846	$36,409	$318,255
Mitchell E Baroody	VP, Chief Legal Officer	40.0	Key Emp	$267,200	$33,030	$300,230
Rick Hildebrant MD	Chief Medical Information Officer	40.0	Key Emp	$421,214	$55,774	$476,988
Roger F Wakeman	VP Support Services End 07/24	40.0	Key Emp	$266,834	$21,248	$288,082
Eric Marsh MD	Orthopedics	40.0	Highest	$1,266,288	$52,538	$1,318,826
Lindsay T Kleeman-Forsthuber MD	Orthopedics	40.0	Highest	$826,432	$44,899	$871,331
Melbourne D Boynton MD	Orthopedic Surgeon	40.0	Highest	$1,238,632	$55,700	$1,294,332
Michael Robertello MD	Cardiology	40.0	Highest	$981,540	$58,360	$1,039,900
Veronika Jedlovszky MD	Physician / Medical Director Pulmonary & Sleep Center	40.0	Highest	$893,380	$51,629	$945,009
Andrew P DeNicco MD	Physician, Former Assistant Medical Director	40.0		$333,778	$35,746	$369,524
Claudio Fort	Former President / CEO	0.0		$834,628	$10,303	$844,931
Thomas E Frank	Former VP Medical Group Operations	40.0		$142,598	$6,762	$149,360
Thomas Huebner	Former President	0.0		$200,000	$0	$200,000
Todd Gregory MD	Physician, Former Medical Director	40.0		$525,819	$49,253	$575,072

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	$363,750,875	$346,551,851	$402,560,088	$17,199,024
2023	$324,335,651	$338,672,122	$350,013,249	$-14,336,471
2022	$336,286,326	$343,940,086	$328,888,090	$-7,653,760
2021	$321,434,637	$304,090,560	$380,016,568	$17,344,077
2021	$321,434,637	$304,090,560	$380,016,568	$17,344,077
2020	$296,861,710	$290,187,970	$358,592,790	$6,673,740
2019	$288,038,302	$281,097,138	$292,231,354	$6,941,164
2018	$281,194,734	$276,209,693	$280,501,247	$4,985,041

Rutland Hospital Inc