SOUTHWESTERN VERMONT MEDICAL CENTER (EIN 222563241) - 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

1912

Legal Domicile

Principal Officer

THOMAS DEE

Phone

8024426361

Tax Period

2023-10-01 to 2024-09-30

SOUTHWESTERN VERMONT MEDICAL CENTER, founded in 1912, is a major nonprofit in the Health Care sector that reported $228.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

SOUTHWESTERN VERMONT HEALTH CARE EXISTS TO PROVIDE EXCEPTIONAL HEALTH CARE AND COMFORT TO THE PEOPLE WE SERVE.

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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 $3,269,014

Program Service Revenue $222,377,718

Investment Income $3,119,052

Other Revenue $10,200

TOTAL REVENUE $228,775,984

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $84,569,436

Fundraising Expenses $0

Program Expenses $195,463,697

Other Expenses $140,731,342

TOTAL EXPENSES $225,308,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,775,984	$197,634,599	+0.2%
Expenses	$225,308,778	$204,195,127	+0.1%
Net Income	$3,467,206	$-6,560,528	-1.5%

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

1227

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

$1,181,622

Total Directors

$3,572,658

Key Employees

$1,957,759

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A DEE	CEO	36.00	Officer Director	$716,001	$368,407	$1,084,408
MICHAEL E BRADY	TRUSTEE / DENTIST	1.00	Director	$177,101	$101	$177,202
KATHLEEN FISHER	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN KELLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIMITRI GARDER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGIE MARANO	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN BAREFOOT	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN G O'GRADY	TRUSTEE	1.00	Director	$0	$0	$0
CAROL CONROY	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MILES	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE JASTERMSKI	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KEADY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTYN HARRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW VERNON	TRUSTEE	1.00	Director	$0	$63,842	$521,708
ROBERT VAN DEGNA	TRUSTEE	1.00	Director	$0	$0	$0
THEMARGE SMALL	TRUSTEE	1.00	Director	$0	$53,193	$439,606
THOMAS H GREEN III	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE GRANQUIST	TRUSTEE	1.00	Director	$0	$0	$0
KEITH MICHL	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW STANISHEWSKI	TRUSTEE	1.00	Director	$0	$62,416	$365,358
STEPHAN LEBLANC	TRUSTEE	1.00	Director	$0	$66,015	$984,376
ROBERT LABA	CFO/TREASURER	26.00	Officer	$97,113	$101	$97,214
KEVIN P DAILEY	VP HR	39.00	Key Emp	$411,093	$32,125	$443,218
PAMELA A DUCHENE	CNO	40.00	Key Emp	$320,006	$104,278	$424,284
LESLIE J KEEFE	VP SVHC FOUNDATION	16.00	Key Emp	$279,215	$18,086	$297,301
RICHARD J OGILVIE JR	VP CIO	40.00	Key Emp	$240,805	$36,838	$277,643
CARL DOBSON	CMO	1.00	Key Emp	$0	$59,766	$515,313
JOHN P LABERT	ANESTHESIA ASSISTANT	40.00	Highest	$270,968	$24,479	$295,447
MARY E CAMPBELL	ANESTHESIA ASSISTANT	40.00	Highest	$241,899	$24,479	$266,378
KAREN WILLIS	NURSE	40.00	Highest	$300,844	$101	$300,945
MATTHEW THOMPSON	CONTROLLER	40.00	Highest	$276,872	$101	$276,973
LAUREN FELTZ	ANESTHESIA ASSISTANT	40.00	Highest	$228,372	$37,647	$266,019
STEPHEN D MAJETICH	FORMER OFFICER	26.00		$545,090	$18,870	$563,960

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	$228,775,984	$225,308,778	$134,963,149	$3,467,206
2023	$197,634,599	$204,195,127	$125,642,375	$-6,560,528
2022	$196,284,227	$195,800,914	$124,177,920	$483,313
2021	$191,097,274	$181,123,181	$99,153,092	$9,974,093
2020	$174,493,882	$168,245,806	$96,938,761	$6,248,076
2019	$172,434,909	$165,815,267	$85,672,806	$6,619,642
2018	$173,213,194	$164,337,066	$81,005,430	$8,876,128

SOUTHWESTERN VERMONT MEDICAL CENTER