THE UNIVERSITY OF VERMONT HEALTH N… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

DR JASON SANDERS

Phone

8028475959

Tax Period

2023-10-01 to 2024-09-30

THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $385.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS WHO ARE EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS (THE "AFFILIATED HOSPITALS") OF THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK").

Program Service Accomplishments

Program 1

Expenses: $385,379,036 Revenue: $385,379,036

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP, INC. ("UVMHN MEDICAL GROUP") IS A VERMONT NON-PROFIT CORPORATION THAT FUNCTIONS TO SERVE AS THE...

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP, INC. ("UVMHN MEDICAL GROUP") IS A VERMONT NON-PROFIT CORPORATION THAT FUNCTIONS TO SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS OF THE UNIVERSITY OF VERMONT HEALTH NETWORK. IN ADDITION, CERTAIN PHYSICIANS EMPLOYED BY UVMHN MEDICAL GROUP HAVE FULL-TIME FACULTY APPOINTMENTS TO THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE. BY WRITTEN CONTRACT, UVMHN MEDICAL GROUP FURNISHES THESE PHYSICIANS EXCLUSIVELY TO THE UNIVERSITY OF VERMONT MEDICAL CENTER, INC. ("UVM MEDICAL CENTER"), A TEACHING HOSPITAL AFFILIATED WITH UVM, TO PROVIDE PROFESSIONAL SERVICES TO HOSPITAL PATIENTS. UNDER THE CONTRACT, UVM MEDICAL CENTER AGREES TO REIMBURSE UVMHN MEDICAL GROUP FOR THE ASSOCIATED SALARY AND BENEFIT COSTS OF THESE PHYSICIANS AND TO PROVIDE CERTAIN ADMINISTRATIVE SERVICES, INCLUDING BILLING AND PAYROLL SUPPORT SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $385,379,036

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,379,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,379,036

Fundraising Expenses $0

Program Expenses $385,379,036

Other Expenses $0

TOTAL EXPENSES $385,379,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,379,036	$352,661,914	+0.1%
Expenses	$385,379,036	$352,661,914	+0.1%
Net Income	$0	$0	N/A

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

1230

Volunteers

N/A

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

$1,690,501

Total Directors

$6,426,027

Key Employees

$490,479

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR WAJIH AKSAMAWATI DIT ARJA	DIRECTOR (TIL 12/2023)	35.00	Director	$655,866	$63,887	$719,753
DR KIMBERLY BLAKE 1	DIRECTOR (AS OF 1/2024)	45.00	Director	$268,985	$52,002	$320,987
DR LAURA MCCRAY 1	DIRECTOR (AS OF 1/2024)	44.00	Director	$232,239	$54,631	$286,870
DR LEWIS RFIRST 1	DIRECTOR (TIL 12/2023)	2.00	Director	$400,085	$67,020	$467,105
DR MARK FUNG 1	DIRECTOR (TIL 12/2023)	35.00	Director	$315,450	$32,240	$347,690
DR STUART HOFFMAN	SECRETARY	45.00	Officer Director	$395,331	$36,024	$431,355
DR GREGORY HOLMES 1	DIRECTOR (TIL 7/2024)	2.00	Director	$256,587	$28,458	$285,045
DR BENJAMIN SMITH	DIRECTOR (AS OF 1/2024)	45.00	Director	$394,546	$55,235	$449,781
AMIT LODHA	DIRECTOR	2.00	Director	$0	$0	$0
DR CLAUDE NICHOLS 1	DIRECTOR	45.00	Director	$712,820	$45,484	$758,304
DR ANNE DIXON 1	DIRECTOR (AS OF 8/2024)	45.00	Director	$310,965	$59,383	$370,348
DR WILLIAM RASZKA JR 1	CHAIR	45.00	Officer Director	$67,679	$30,612	$98,291
DR JASON SANDERS 1	PRESIDENT & CEO	41.00	Officer Director	$0	$95,550	$604,225
MEGAN BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
DR TERESA FAMA	VICE CHAIR	35.00	Officer Director	$226,005	$27,672	$253,677
DR RAMSEY HERRINGTON 1	DIRECTOR	2.00	Director	$478,139	$69,242	$547,381
DR DEBRA LEONARD 1	DIRECTOR	43.00	Director	$424,880	$60,335	$485,215
JENNIFER GAGNON	TREASURER & VP OF FIN	40.00	Officer	$0	$20,621	$302,953
LISA LGOODRICH	VP MED GROUP OPS (TIL 1/2024)	40.00	Key Emp	$0	$74,035	$490,479
DR ERIC GAUTHIER 1	PHYSICIAN CARDIOLOGY	45.00	Highest	$873,515	$36,358	$909,873
DR TODD WHITMAN	ONCOLOGIST	45.00	Highest	$807,510	$59,617	$867,127
DR MARISSA MATARRESE	PLASTIC SURGEON	45.00	Highest	$879,047	$61,871	$940,918
DR ROGER ISHAC 1	CARDIOLOGY PHYSICIAN MEDICINE	45.00	Highest	$820,410	$82,378	$902,788
DR BRUCE TRANMER 1	DIVISION CHIEF	45.00	Highest	$843,716	$43,737	$887,453
DR IRA BERNSTEIN 1	FMR OFFICER, NET CHAIR (TIL 6/2024)	45.00		$490,305	$97,760	$588,065
RICHARD VINCENT	FMR TREASURER	2.00		$0	$64,609	$847,689
DR KRISTEN DESTIGTER 1	FMR SECRETARY	2.00		$603,566	$73,268	$676,834
DR THOMAS PETERSON 1	FMR CHAIR	34.00		$187,835	$23,746	$219,606
DR NATASHA WITHERS	FMR VICE CHAIR	45.00		$293,907	$57,474	$351,381

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	$385,379,036	$385,379,036	No data	No data
2023	$352,661,914	$352,661,914	No data	No data
2022	$336,867,677	$336,867,677	No data	No data
2021	$305,856,449	$305,856,449	No data	No data
2020	$281,936,096	$281,936,096	No data	No data
2019	$261,483,908	$261,483,908	No data	No data

THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC