RICHFORD HEALTH CENTER INC (EIN 030215982) - 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

1962

Legal Domicile

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.

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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 (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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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

294

Volunteers

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

$375,557

Total Directors

Key Employees

Highest Compensated

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

RICHFORD HEALTH CENTER INC