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

TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS OF ORLEANS AND ESSEX COUNTIES, ENSURING THAT HEALTH CARE IS AVAILABLE TO ALL PEOPLE.

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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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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
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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