CENTRAL VERMONT MEDICAL CENTER INC

EIN: 222547186 501(c)(3) Health Care

BERLIN, VT

Total Revenue
$319,911,398
Total Expenses
$323,892,362
Total Assets
$176,619,849
Net Assets
$89,364,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
VT
Principal Officer
MS ANNA T NOONAN
Phone
8023714100
Tax Period
2023-10-01 to 2024-09-30

CENTRAL VERMONT MEDICAL CENTER INC, founded in 1963, is a major nonprofit in the Health Care sector that reported $319.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

CVMC WORKS COLLABORATIVELY TO MEET THE NEEDS AND IMPROVE THE HEALTH OF THE RESIDENTS OF CENTRAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,240,649
Program Service Revenue $315,431,660
Investment Income $2,868,784
Other Revenue $370,305
TOTAL REVENUE $319,911,398

Expense Breakdown

Grants Paid $63,505
Salaries & Benefits $183,350,803
Fundraising Expenses $291,711
Program Expenses $292,205,392
Other Expenses $140,478,054
TOTAL EXPENSES $323,892,362

Year-over-Year Comparison

2023 2022 Change
Revenue $319,911,398 $274,059,874 +0.2%
Expenses $323,892,362 $290,980,110 +0.1%
Net Income $-3,980,964 $-16,920,236 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
7
Employees
1887
Volunteers
120

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
$1,047,614
Total Directors
17
$3,971,380
Key Employees
3
$865,746
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNIL EAPPEN MD TRUSTEE 6.0
Director
$0 $198,581 $2,147,061
ANNA T NOONAN PRESIDENT & COO/TRUSTEE 35.0
Officer Director
$554,062 $109,957 $664,019
RYAN CLOUSER MD TRUSTEE, AS OF 1/2024 50.0
Director
$0 $58,373 $469,101
KIMBERLY PATNAUDE TREASURER, CFO 50.0
Officer
$339,363 $44,232 $383,595
SCOTT ROBERT NELSON MD TRUSTEE, AS OF 1/2024 50.0
Director
$0 $57,369 $348,196
ANNA HANKINS MD TRUSTEE, UNTIL 12/2023 1.0
Director
$0 $51,647 $343,003
MATTHEW CHOATE VP PATIENT CARE SERVICES 50.0
Key Emp
$283,379 $43,115 $326,494
JAMES ALVAREZ VP SUPPORT SERVICES 50.0
Key Emp
$288,487 $34,477 $322,964
ROBERT ROBINSON MD PHYSICIAN 50.0
Highest
$263,334 $27,125 $290,459
HELEN HOLLENBACH PHYSICIAN ASST. 50.0
Highest
$207,000 $42,897 $249,897
BRAM STARR MD PHYSICIAN 50.0
Highest
$221,063 $26,064 $247,127
SCOTT SMALL PHYSICIAN ASST. 50.0
Highest
$203,554 $42,190 $245,744
WILLIAM KOWALEWSKI ADMIN/VP AGING SVCS WDR 50.0
Key Emp
$201,775 $14,513 $216,288
MORGAN LAMSON NURSE PRACTITIONER 50.0
Highest
$204,309 $11,974 $216,283
ROBERT PATTERSON VP HR&CLNCL OPER UNTIL 4/2023 50.0
$142,483 $14,164 $156,647
LISA MULLER TRUSTEE 1.0
Director
$0 $0 $0
THOMAS GOLONKA - TRUSTEE FRMR CHAIR (UNTIL 12/2023) 1.0
Officer Director
$0 $0 $0
JOYCE JUDY TRUSTEE, CHAIR 1.0
Officer Director
$0 $0 $0
MARY MOULTON TRUSTEE, UNTIL 6/2024 1.0
Director
$0 $0 $0
TONI KAEDING TRUSTEE, UNTIL 8/2024 1.0
Director
$0 $0 $0
SANDY ROUSSE TRUSTEE 1.0
Director
$0 $0 $0
CONSTANCE COLMAN TRUSTEE, SECRETARY 1.0
Officer Director
$0 $0 $0
PAULETTE THABAULT - TRUSTEE FRMR CHAIR (UNTIL 9/2024) 1.0
Officer Director
$0 $0 $0
JOAN MARIE MISEK TRUSTEE 1.0
Director
$0 $0 $0
CHARLES MARTEL JR TRUSTEE, UNTIL 7/2024 1.0
Director
$0 $0 $0
ERICA METZGER HARE TRUSTEE, CHAIR ELECT 1.0
Officer Director
$0 $0 $0
MICHAEL DELLIPRISCOLI TRUSTEE, AS OF 1/2024 1.0
Director
$0 $0 $0
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 $319,911,398 $323,892,362 $176,619,849 $-3,980,964
2023 $274,059,874 $290,980,110 $162,943,741 $-16,920,236
2022 $265,806,618 $277,242,044 $173,786,081 $-11,435,426
2021 $252,271,772 $247,266,580 $200,158,630 $5,005,192
2020 $237,747,468 $233,796,093 $192,238,723 $3,951,375
2019 $232,206,355 $234,241,698 $163,844,396 $-2,035,343
2018 $223,370,181 $219,261,374 $172,815,634 $4,108,807
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