NORTH COUNTRY HOSPITAL & HEALTH CENTER INC

EIN: 030185556 501(c)(3) Health Care

NEWPORT, VT

Total Revenue
$109,137,566
Total Expenses
$109,255,738
Total Assets
$111,047,387
Net Assets
$66,243,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
VT
Phone
8023347331
Tax Period
2023-10-01 to 2024-09-30

NORTH COUNTRY HOSPITAL & HEALTH CENTER INC, founded in 1919, is a major nonprofit in the Health Care sector that reported $109.1M in total revenue in fiscal year 2023.

Mission

QUALITY PATIENT CARE IS OUR GREATEST COMMITMENT, EMPLOYEES ARE OUR GREATEST ASSET, EXCELLENT PATIENT EXPERIENCE IS OUR GREATEST ACCOMPLISHMENT, AND THE HEALTH OF OUR COMMUNITY IS OUR GREATEST RESPONSIBILITY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Program Service Accomplishments

Program 1
Expenses: $56,353,129 Revenue: $82,686,692

THE HOSPITAL OFFERS OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM, LAB WORK, DIAGNOSTIC IMAGING (X-RAY, CT SCAN, MRI, MAMMOGRAMS, NUCLEAR IMAGING ULTRASOUND), OUTPATIENT SURGERIES, PULMONARY, CARDIAC...

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THE HOSPITAL OFFERS OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM, LAB WORK, DIAGNOSTIC IMAGING (X-RAY, CT SCAN, MRI, MAMMOGRAMS, NUCLEAR IMAGING ULTRASOUND), OUTPATIENT SURGERIES, PULMONARY, CARDIAC CARE AND THERAPY SERVICES (PHYSICAL, SPEECH AND REHABILITATIVE).

Program 2
Expenses: $25,688,367 Revenue: $9,540,806

THE HOSPITAL'S PHYSICIAN PRACTICE CLINICS PROVIDE INTERNAL MEDICINE RADIOLOGY PROGRAM, PSYCHIATRIC, OB/GYN, NEUROLOGY, ORTHOPEDICS, OCCUPATIONAL HEALTH, PULMONARY-SLEEP, AND SURGICAL SERVICES.

Program 3
Expenses: $9,492,927 Revenue: $13,928,928

INPATIENT HOSPITAL CARE WAS PROVIDED AT A CRITICAL ACCESS HOSPITAL TOTALING 5,966 PATIENT DAYS FOR THE YEAR. THE HOSPITAL'S INPATIENT CARE SERVICES INCLUDE A 24 HOUR EMERGENCY DEPARTMENT, MEDICAL AND...

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INPATIENT HOSPITAL CARE WAS PROVIDED AT A CRITICAL ACCESS HOSPITAL TOTALING 5,966 PATIENT DAYS FOR THE YEAR. THE HOSPITAL'S INPATIENT CARE SERVICES INCLUDE A 24 HOUR EMERGENCY DEPARTMENT, MEDICAL AND SURGICAL SERVICES, INTENSIVE CARE UNITS, BIRTHING CENTER, CLINICAL LABORATORY, MRI AND ULTRASOUND, NEUROLOGY, ORTHOPEDICS, PHARMACY, REHABILITATION SERVICES, OCCUPATIONAL AND PHYSICAL THERAPY AMONG OTHERS. THE HOSPITAL ALSO PROVIDED COMMUNITY GRANTS.

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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 $276,813
Program Service Revenue $106,156,426
Investment Income $2,752,998
Other Revenue $-48,671
TOTAL REVENUE $109,137,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,646,692
Fundraising Expenses $0
Program Expenses $91,534,423
Other Expenses $44,609,046
TOTAL EXPENSES $109,255,738

Year-over-Year Comparison

2023 2022 Change
Revenue $109,137,566 $101,121,885 +0.1%
Expenses $109,255,738 $108,080,771 +0.0%
Net Income $-118,172 $-6,958,886 -1.0%
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
14
Independent Members
11
Employees
701
Volunteers
30

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
11
$1,957,128
Total Directors
15
$1,442,245
Key Employees
1
$235,697
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN STANLEY TRUSTEE END/FINANCE VICE CHAIR & TREASURER BEG 02/24 5.0
Officer Director
$0 $0 $0
FRANK KNOLL CHAIR END 01/24 5.0
Officer Director
$0 $0 $0
GREGORY WALKER MD MEDICAL STAFF PRESIDENT 40.0
Officer Director
$541,705 $41,778 $583,483
LOUISE BONVECHIO FINANCE VICE CHAIR & TREASURER END/CHAIR BEG 02/24 10.0
Officer Director
$0 $0 $0
NANCY BULLOCK SECRETARY/CLERK 5.0
Officer Director
$0 $0 $0
PETER STUART MD MEDICAL STAFF VICE PRESIDENT 40.0
Officer Director
$550,051 $29,918 $579,969
STEVE WRIGHT VICE CHAIR 5.0
Officer Director
$0 $0 $0
THOMAS FRANK PRESIDENT & CEO 40.0
Officer Director
$263,801 $14,992 $278,793
JANET OSBORNE TRUSTEE 5.0
Director
$0 $0 $0
JENNIFER HARLOW-JACOBS TRUSTEE 5.0
Director
$0 $0 $0
JOHN MONETTE TRUSTEE 5.0
Director
$0 $0 $0
Nicholas Maclure TRUSTEE BEG 02/24 5.0
Director
$0 $0 $0
Samantha Stevens TRUSTEE BEG 02/24 5.0
Director
$0 $0 $0
STACEY CHARBONEAU TRUSTEE 5.0
Director
$0 $0 $0
WILLIAM PECK TRUSTEE 5.0
Director
$0 $0 $0
FRED SCHAFFNER CFO BEG 04/24 40.0
Officer
$0 $0 $0
KYLE KOVACEVICH CFO END 01/24 40.0
Officer
$80,891 $8,958 $89,849
TRACEY PAUL COO 40.0
Officer
$372,923 $52,111 $425,034
Denise Carter VP Patient Care Services 40.0
Key Emp
$219,539 $16,158 $235,697
Eric Mullins MD PHYSICIAN 40.0
Highest
$679,326 $39,671 $718,997
GENE WU MD PHYSICIAN 40.0
Highest
$518,072 $30,549 $548,621
MARC BOUCHARD MD PHYSICIAN 40.0
Highest
$559,804 $58,704 $618,508
MATTHEW KELLEY MD PHYSICIAN 40.0
Highest
$590,232 $47,433 $637,665
STEPHANE MULLIGAN MD PHYSICIAN 40.0
Highest
$692,208 $50,958 $743,166
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 $109,137,566 $109,255,738 $111,047,387 $-118,172
2023 $101,121,885 $108,080,771 $102,310,337 $-6,958,886
2022 $95,463,619 $100,474,563 $114,172,265 $-5,010,944
2021 $102,074,097 $93,505,796 $120,716,878 $8,568,301
2020 $100,455,056 $88,438,913 $109,497,455 $12,016,143
2019 $92,635,302 $89,798,155 $86,819,379 $2,837,147
2018 $86,846,769 $86,828,152 $86,415,286 $18,617
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