RICHFORD HEALTH CENTER INC

EIN: 030215982 501(c)(3)

RICHFORD, VT

Total Revenue
$28,459,945
Total Expenses
$26,676,976
Total Assets
$35,671,409
Net Assets
$31,992,584
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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
VT
Principal Officer
KATHY BENOIT
Phone
8022555562
Tax Period
2024-01-01 to 2024-12-31

RICHFORD HEALTH CENTER INC, founded in 1962, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2024. Expenses of $26.7M left a modest 6% surplus.

Mission

TO PROMOTE, PRESERVE AND RESTORE THE HEALTH OF PERSONS RESIDING IN NORTHWESTERN VERMONT.

Program Service Accomplishments

Program 1
Expenses: $12,218,830 Revenue: $12,253,853

NOTCH'S LARGEST PROGRAM SERVICES, AS MEASURED BY TOTAL EXPENSES INCURRED, ARE COMPREHENSIVE HEALTH SERVICES DELIVERED TO MORE THAN 21,000 PATIENTS OF ALL AGES. OUR FEDERALLY QUALIFIED HEALTH CENTER...

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NOTCH'S LARGEST PROGRAM SERVICES, AS MEASURED BY TOTAL EXPENSES INCURRED, ARE COMPREHENSIVE HEALTH SERVICES DELIVERED TO MORE THAN 21,000 PATIENTS OF ALL AGES. OUR FEDERALLY QUALIFIED HEALTH CENTER (FQHC) SERVES THE GENERAL POPULATION OF 15 TOWNS IN VERMONT'S FRANKLIN AND GRAND ISLE COUNTIES AT FACILITIES SITUATED IN ALBURG, ENOSBURG, FAIRFAX, GEORGIA, RICHFORD, SWANTON AND ST. ALBANS. NOTCH OFFERS PRIMARY MEDICAL, BEHAVIORAL, AND SUPPORT SERVICES AT ALL LOCATIONS AND DENTAL SERVICES IN RICHFORD AND SWANTON. MEDICATION ASSISTED TREATMENT (MAT) SERVICES ARE DELIVERED AT ALL NOTCH MEDICAL OFFICES EXCEPT ALBURG HEALTH CENTER. EITHER THROUGH DIRECT PROVISION OR ARRANGEMENT, NOTCH ENSURES ITS USERS ACCESS TO ALL SERVICES REQUIRED UNDER THE FEDERAL 330 (E) PROGRAM, REGARDLESS OF ABILITY TO PAY. OUR HEALTH CARE TEAM WORKS FROM AN INTEGRATED HEALTH MODEL FOR MEDICAL AND BEHAVIORAL HEALTH SERVICES. NOTCH MEDICAL PROVIDERS WORK COLLABORATIVELY WITH BEHAVIORAL PROVIDERS TO DELIVER OPTIMUM CARE. INTEGRATED HEALTH SERVICES ARE DESIGNED TO MEET THE NEEDS OF THE ENTIRE FAMILY AND ADDRESS THE WHOLE PERSON. THESE SERVICES INCLUDE: PHYSICAL EXAMINATIONS, IMMUNIZATIONS, CHRONIC DISEASE MANAGEMENT, ACUTE CARE, LABORATORY SERVICES, CARE COORDINATION, REFERRALS, BIRTH CONTROL, DOT PHYSICALS, COUNSELING, GOAL SETTING TO IMPROVE PERSONAL HEALTH, SYMPTOMS MANAGEMENT OF ANXIETY AND DEPRESSION, IDENTIFICATION OF MENTAL HEALTH BARRIERS TO MEET HEALTH CARE GOALS, AND MAT SERVICES.

Program 2
Expenses: $4,177,043 Revenue: $3,809,193

DENTAL - NOTCH PROVIDES GENERAL DENTAL SERVICES TO PEOPLE OF ALL AGES. PREVENTIVE TREATMENT AND PRIMARY DENTAL CARE SERVICES INCLUDE: CLEANINGS, EXAMS, X-RAYS, FLUORIDE APPLICATIONS, SEALANTS...

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DENTAL - NOTCH PROVIDES GENERAL DENTAL SERVICES TO PEOPLE OF ALL AGES. PREVENTIVE TREATMENT AND PRIMARY DENTAL CARE SERVICES INCLUDE: CLEANINGS, EXAMS, X-RAYS, FLUORIDE APPLICATIONS, SEALANTS, FILLINGS (AMALGAM AND COMPOSITE), ROOT CANALS, EXTRACTIONS, DENTURES AND CROWNS.

Program 3
Expenses: $5,248,117 Revenue: $7,518,941

PHARMACY - THE ORGANIZATION OWNS AND OPERATES FOUR PHARMACIES THAT ARE OPEN TO THE GENERAL PUBLIC IN RICHFORD, SWANTON, FAIRFAX & ST. ALBANS AND IS PART OWNER OF A MAIL ORDER PHARMACY BASED IN...

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PHARMACY - THE ORGANIZATION OWNS AND OPERATES FOUR PHARMACIES THAT ARE OPEN TO THE GENERAL PUBLIC IN RICHFORD, SWANTON, FAIRFAX & ST. ALBANS AND IS PART OWNER OF A MAIL ORDER PHARMACY BASED IN CHITTENDEN COUNTY THAT SERVES FQHC PATIENTS EXCLUSIVELY. NOTCH ALSO CONTRACTS WITH MULTIPLE INDEPENDENT PHARMACIES ACROSS FRANKLIN COUNTY TO DISPENSE MEDICATIONS TO OUR FQHC PATIENTS PURCHASED THROUGH THE US FEDERAL GOVERNMENT 340B DRUG PRICING PROGRAM. MEDICATION PACKAGING IS OFFERED AT OUR PHARMACY IN RICHFORD AND AT THE MAIL ORDER PHARMACY. A SLIDING FEE DISCOUNT PROGRAM IS AVAILABLE TO ELIGIBLE NOTCH PATIENTS AT ALL OWNED PHARMACIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,250,876
Program Service Revenue $19,035,658
Investment Income $587,570
Other Revenue $5,585,841
TOTAL REVENUE $28,459,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,793,287
Fundraising Expenses $0
Program Expenses $22,652,046
Other Expenses $6,883,689
TOTAL EXPENSES $26,676,976

Year-over-Year Comparison

2024 2023 Change
Revenue $28,459,945 $27,301,896 +0.0%
Expenses $26,676,976 $24,634,728 +0.1%
Net Income $1,782,969 $2,667,168 -0.3%
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
13
Independent Members
13
Employees
294
Volunteers
15

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
$375,557
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN CARSWELL PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHEL CONSEJO VICE PRESIDE 1.00
Officer Director
$0 $0 $0
WENDY HOWARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARIE LANGEVIN TREASURER 1.00
Officer Director
$0 $0 $0
LISE GATES DIRECTOR 1.00
Director
$0 $0 $0
SARAH HADD DIRECTOR 1.00
Director
$0 $0 $0
DEBRA MASON DIRECTOR (TO 1.00
Director
$0 $0 $0
VIRGINIA MESSIER DIRECTOR 1.00
Director
$0 $0 $0
BRYANT REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
NAOMI WOLCOTT-MACCAUSLAND DIRECTOR 1.00
Director
$0 $0 $0
PENNY WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ZELAZO MD DIRECTOR 1.00
Director
$0 $0 $0
VANESSA KITTELL DIRECTOR 1.00
Director
$0 $0 $0
VAUGHN COMEAU DIRECTOR 1.00
Director
$0 $0 $0
WALLACE STEINHOUR DIRECTOR (TO 1.00
Director
$0 $0 $0
KATHY BENOIT CEO 40.00
Officer
$213,531 $23,255 $236,786
AMANDA COMBS CFO 40.00
Officer
$128,350 $10,421 $138,771
DR ERICK LAVALLEE PHYSICIAN 40.00
Highest
$250,049 $13,932 $263,981
DR ETHAN HUNDLEY PHYSICIAN 40.00
Highest
$218,191 $28,432 $246,623
DR THERESE RAY PHYSICIAN 40.00
Highest
$214,026 $60,677 $274,703
DR MEGHRAISINH ATODARIA DENTIST 32.00
Highest
$202,257 $19,498 $221,755
DR ANSHUL MAHAJAN DENTIST 40.00
Highest
$190,081 $10,301 $200,382
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 $28,459,945 $26,676,976 $35,671,409 $1,782,969
2023 $27,301,896 $24,634,728 $33,050,217 $2,667,168
2022 $25,310,235 $21,549,789 $30,004,123 $3,760,446
2021 $21,205,017 $17,508,046 $25,264,953 $3,696,971
2020 $19,324,460 $15,482,911 $21,557,926 $3,841,549
2019 $16,422,682 $14,719,956 $18,310,943 $1,702,726
2018 $15,156,991 $13,369,204 $16,655,050 $1,787,787
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