Northwestern Medical Center

EIN: 030266986 501(c)(3) Health Care

St Albans, VT

Total Revenue
$135,989,629
Total Expenses
$136,488,979
Total Assets
$183,412,477
Net Assets
$134,777,325
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
VT
Principal Officer
Peter Wright
Phone
8025245911
Tax Period
2023-10-01 to 2024-09-30

Northwestern Medical Center, founded in 1977, is a major nonprofit in the Health Care sector that reported $136.0M in total revenue in fiscal year 2023.

Mission

Northwestern Medical Center's mission is to provide exceptional healthcare for our community.

Program Service Accomplishments

Program 1
Expenses: $110,495,619 Revenue: $133,362,587

Providing inpatient and outpatient services to the general public in an acute care community hospital. The Hospital publishes an annual report. Please refer to the annual report for additional...

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Providing inpatient and outpatient services to the general public in an acute care community hospital. The Hospital publishes an annual report. Please refer to the annual report for additional explanation of the Hospital's programs and achievements.

Program 2

Charity Care - The Hospital provides care to patients who meet certain criteria under its charity care policy. Because the Hospital does not pursue collection or amounts determined to qualify as...

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Charity Care - The Hospital provides care to patients who meet certain criteria under its charity care policy. Because the Hospital does not pursue collection or amounts determined to qualify as charity care they are not reported in revenue. The Hospital maintains records to identify and monitor the level of charity care it provides. The records include the amount of charges foregone for services and supplies furnished under its charity care policy, the estimated cost of those services and supplies and equivalent service statistics. The following information measures the level of charity care provided during the year ended September 30, 2024.See continuation on Schedule O. Estimated costs and expenses incurred to provide charity care: $445,000Number of charity care patients served: 916The Hospital provides health care services to residents of St. Albans, Vermont, and the surrounding area, without regard to the individual's ability to pay for their 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $401,810
Program Service Revenue $132,629,183
Investment Income $2,231,098
Other Revenue $727,538
TOTAL REVENUE $135,989,629

Expense Breakdown

Grants Paid $53,000
Salaries & Benefits $73,679,306
Fundraising Expenses $0
Program Expenses $110,495,619
Other Expenses $62,756,673
TOTAL EXPENSES $136,488,979

Year-over-Year Comparison

2023 2022 Change
Revenue $135,989,629 $127,734,095 +0.1%
Expenses $136,488,979 $131,432,212 +0.0%
Net Income $-499,350 $-3,698,117 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
911
Volunteers
80

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
$718,322
Total Directors
12
$396,825
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jake Holzscheiter Immediate Past President 5.00
Officer Director
$0 $0 $0
John Casavant President 5.00
Officer Director
$0 $0 $0
Dawn Bugbee Treasurer 5.00
Officer Director
$0 $0 $0
Barbara Toof Vice President 5.00
Officer Director
$0 $0 $0
Corey Parent Secretary 5.00
Officer Director
$0 $0 $0
Coleen Condon Member 5.00
Director
$0 $0 $0
Erin Creley Member 5.00
Director
$0 $0 $0
Nick Hadden Member 5.00
Director
$0 $0 $0
Dr Anna Royer Member 5.00
Director
$362,787 $34,038 $396,825
Dr Meredith Roberts Member 5.00
Director
$0 $0 $0
Karyn Rocheleau Member 5.00
Director
$0 $0 $0
Matthew Habedank Past Member 5.00
Director
$0 $0 $0
Peter Wright CEO 40.00
Officer
$425,332 $17,973 $443,305
Stephanie Breault CFO 40.00
Officer
$236,333 $38,684 $275,017
Dr Lawrence Sullivan Surgeon 40.00
Highest
$867,154 $45,051 $912,205
Dr Robert Beattie Surgeon 40.00
Highest
$672,922 $40,313 $713,235
Dr Gregory Brophey Surgeon 40.00
Highest
$654,284 $42,592 $696,876
Dr Nathan Mauser Surgeon 40.00
Highest
$603,145 $28,639 $631,784
Dr Kahren Aydinyan Surgeon 40.00
Highest
$571,794 $39,716 $611,510
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 $135,989,629 $136,488,979 $183,412,477 $-499,350
2023 $127,734,095 $131,432,212 $168,086,440 $-3,698,117
2022 $122,760,353 $127,236,585 $166,987,756 $-4,476,232
2021 $138,585,936 $122,963,180 $180,177,619 $15,622,756
2020 $117,447,708 $119,612,433 $187,646,355 $-2,164,725
2019 $116,222,508 $119,814,735 $170,440,256 $-3,592,227
2018 $114,161,735 $115,418,067 $173,603,693 $-1,256,332
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