THE UNIVERSITY OF VERMONT MEDICAL CENTER

EIN: 030219309 501(c)(3) Health Care

BURLINGTON, VT

Total Revenue
$2,367,257,223
Total Expenses
$2,269,779,876
Total Assets
$1,966,303,783
Net Assets
$1,241,357,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
VT
Principal Officer
DR STEPHEN M LEFFLER
Phone
8028475959
Tax Period
2023-10-01 to 2024-09-30

THE UNIVERSITY OF VERMONT MEDICAL CENTER, founded in 1968, is a large national nonprofit in the Health Care sector that reported $2.4B in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.3B left a modest 4% surplus.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE BY INTEGRATING PATIENT CARE, EDUCATION, AND RESEARCH IN A CARING ENVIRONMENT.

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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 $25,822,620
Program Service Revenue $2,316,432,417
Investment Income $24,740,388
Other Revenue $261,798
TOTAL REVENUE $2,367,257,223

Expense Breakdown

Grants Paid $2,263,268
Salaries & Benefits $1,177,448,958
Fundraising Expenses $3,843,182
Program Expenses $1,812,108,638
Other Expenses $1,090,067,650
TOTAL EXPENSES $2,269,779,876

Year-over-Year Comparison

2023 2022 Change
Revenue $2,367,257,223 $2,099,784,886 +0.1%
Expenses $2,269,779,876 $2,045,273,591 +0.1%
Net Income $97,477,347 $54,511,295 +0.8%
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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Governance

Voting Members
17
Independent Members
14
Employees
9634
Volunteers
437

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
7
$3,469,880
Total Directors
22
$2,569,173
Key Employees
11
$6,170,157
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR SUNIL EAPPEN NTWK PRES/CEO 8.00
Officer Director
$1,948,480 $198,581 $2,147,061
ALYSON RICHARDS VICE CHAIR (AS OF 1/2024) 2.00
Officer Director
$0 $0 $0
DR RICHARD PAGE TRUSTEE 2.00
Director
$0 $22,230 $240,762
NOMA ANDERSON TRUSTEE 2.00
Director
$0 $0 $0
DR VIRGINIA HOOD TRUSTEE (TIL 12/2023) 2.00
Director
$0 $33 $60,717
JAMES FOSTER TRUSTEE (TIL 12/2023) 2.00
Director
$0 $0 $0
THOMAS LITTLE CHAIR (TIL 12/2023) 2.00
Officer Director
$0 $0 $0
JOHN EVANS PHD TRUSTEE 2.00
Director
$0 $0 $0
DR JOSEPH HAGAN TRUSTEE 2.00
Director
$0 $0 $0
GLEN WRIGHT TRUSTEE (TIL 12/2023) 2.00
Director
$0 $0 $0
JESSE BRIDGES VICE CHAIR; CHAIR (AS OF 1/2024) 2.00
Officer Director
$0 $0 $0
ANN DOREMUS TRUSTEE 2.00
Director
$0 $0 $0
DEBORAH WINTERS TRUSTEE (TIL 12/2023) 2.00
Director
$0 $0 $0
MEG O'DONNELL SECRETARY 2.00
Officer Director
$0 $0 $0
JOE BILODEAU TRUSTEE (AS OF 1/2024) 2.00
Director
$0 $0 $0
JANE CATTON TRUSTEE (AS OF 1/2024) 2.00
Director
$0 $0 $0
NAOMI CLEMMONS TRUSTEE (AS OF 1/2024) 2.00
Director
$0 $0 $0
DR ANNE GUILLOT TRUSTEE (AS OF 1/2024) 2.00
Director
$0 $0 $0
KEVIN CHU TRUSTEE 2.00
Director
$0 $0 $0
WEIWEI WANG TRUSTEE 2.00
Director
$0 $0 $0
CHURCH HINDES TRUSTEE 2.00
Director
$0 $0 $0
DR BETSY SUSSMAN TRUSTEE (TIL 12/2023) 45.00
Director
$120,600 $33 $120,633
JUDY PEEK-LEE SVP/CFO 44.00
Officer
$391,536 $39,318 $430,854
DR STEPHEN M LEFFLER PRES & COO 43.00
Officer
$820,631 $71,334 $891,965
CHRISTINA OLIVER VP CLINICIAL SERVICES 50.00
Key Emp
$332,531 $61,270 $393,801
MARGARET GAGNE CHIEF NURSING OFF 50.00
Key Emp
$337,914 $66,384 $404,298
DR JASON SANDERS PRES/CEO, UVMHNMG 2.00
Key Emp
$508,675 $95,550 $604,225
RICHARD VINCENT NTWK EVP FINANCE & CFO 10.00
Key Emp
$783,080 $64,609 $847,689
DR DOUGLAS GENTILE SVP, NETWORK IT 13.00
Key Emp
$590,382 $103,160 $693,542
CHARLES M MICELI CHIEF SUP CHAIN OFF (TIL 3/2024) 13.00
Key Emp
$365,411 $65,433 $430,844
ERIC MILLER ESQ SVP, NETWORK GENERAL COUNSEL 8.00
Key Emp
$575,491 $95,622 $671,113
MARC STANISLAS NETWORK VP TREASURY & FIN 13.00
Key Emp
$355,996 $75,909 $431,905
DR ISABELLE DESJARDINS CHIEF MEDICAL OFF 50.00
Key Emp
$536,244 $59,861 $596,105
JERALD NOVAK NTWK SVP CHIEF PEOPLE OFF 8.00
Key Emp
$549,683 $56,473 $606,156
LISA L GOODRICH VP MED GROUP OPS (TIL 1/2024) 5.00
Key Emp
$416,444 $74,035 $490,479
ALFRED GOBEILLE NTWK EXEC VP/COO (TIL 5/2023) 13.00
Highest
$768,317 $40,162 $808,479
DR DAVID CLAUSS NTWK SVP/CHIEF MED OFF 13.00
Highest
$586,260 $122,456 $708,716
LORI BOISJOLI NETWORK CIO 13.00
Highest
$486,868 $101,788 $588,656
JESSICA MOSCHELLA SVP, HIGH VALUE CARE 13.00
Highest
$465,914 $82,166 $548,080
BRADLEY KROMPF EXECUTIVE DIRECTOR UVMHN MG 5.00
Highest
$437,588 $91,544 $529,132
DR HOWARD M SCHAPIRO FMR SVP, CHIEF POP HLTH & QUAL 33.00
$331,461 $0 $331,461
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 $2,367,257,223 $2,269,779,876 $1,966,303,783 $97,477,347
2023 $2,099,784,886 $2,045,273,591 $1,743,170,870 $54,511,295
2022 $1,927,049,540 $1,911,207,531 $1,619,652,702 $15,842,009
2021 $1,686,063,068 $1,620,842,953 $1,918,641,832 $65,220,115
2020 $1,563,304,234 $1,528,196,543 $1,827,295,314 $35,107,691
2019 $1,529,529,583 $1,467,200,924 $1,695,000,215 $62,328,659
2018 $1,433,600,411 $1,360,613,119 $1,676,785,691 $72,987,292
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