NORTH COUNTRY HEALTH SYSTEMS INC

EIN: 222566964 501(c)(3)

NEWPORT, VT

Total Revenue
$277,069
Total Expenses
$107,148
Total Assets
$2,405,174
Net Assets
$2,397,456
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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
1984
Legal Domicile
VT
Phone
8023343263
Tax Period
2023-10-01 to 2024-09-30

NORTH COUNTRY HEALTH SYSTEMS INC, founded in 1984, is a small nonprofit that reported $277K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 61% operating margin.

Mission

TO ORGANIZE FUNDRAISING EFFORTS TO PROVIDE AFFILIATED ORGANIZATIONS WITH RESOURCES NEEDED TO CARRY OUT THEIR EXEMPT FUNCTIONS.

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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 $209,951
Program Service Revenue $5,000
Investment Income $67,277
Other Revenue $-5,159
TOTAL REVENUE $277,069

Expense Breakdown

Grants Paid $13,988
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,449
Other Expenses $93,160
TOTAL EXPENSES $107,148

Year-over-Year Comparison

2023 2022 Change
Revenue $277,069 $229,588 +0.2%
Expenses $107,148 $124,382 -0.1%
Net Income $169,921 $105,206 +0.6%
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
14
Independent Members
11
Employees
N/A
Volunteers
30

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
11
$1,957,128
Total Directors
15
$1,442,245
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN STANLEY TRUSTEE END/FINANCE VICE CHAIR & TREASURER BEG 02/24 2.0
Officer Director
$0 $0 $0
FRANK KNOLL CHAIR END 01/24 2.0
Officer Director
$0 $0 $0
GREGORY WALKER MD MEDICAL STAFF PRESIDENT 2.0
Officer Director
$0 $41,778 $583,483
LOUISE BONVECHIO FINANCE VICE CHAIR & TREASURER END/CHAIR BEG 02/24 2.0
Officer Director
$0 $0 $0
NANCY BULLOCK SECRETARY/CLERK 2.0
Officer Director
$0 $0 $0
PETER STUART MD MEDICAL STAFF VICE PRESIDENT 2.0
Officer Director
$0 $29,918 $579,969
STEVE WRIGHT VICE CHAIR 2.0
Officer Director
$0 $0 $0
THOMAS FRANK PRESIDENT & CEO 2.0
Officer Director
$0 $14,992 $278,793
JANET OSBORNE TRUSTEE 2.0
Director
$0 $0 $0
JENNIFER HARLOW-JACOBS TRUSTEE 2.0
Director
$0 $0 $0
JOHN MONETTE TRUSTEE 2.0
Director
$0 $0 $0
Nicholas Maclure TRUSTEE BEG 02/24 2.0
Director
$0 $0 $0
Samantha Stevens TRUSTEE BEG 02/24 2.0
Director
$0 $0 $0
STACEY CHARBONEAU TRUSTEE 2.0
Director
$0 $0 $0
WILLIAM PECK TRUSTEE 2.0
Director
$0 $0 $0
FRED SCHAFFNER CFO BEG 04/24 2.0
Officer
$0 $0 $0
KYLE KOVACEVICH CFO END 11/23 2.0
Officer
$0 $8,958 $89,849
TRACEY PAUL COO 2.0
Officer
$0 $52,111 $425,034
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 $277,069 $107,148 $2,405,174 $169,921
2023 $229,588 $124,382 $1,939,732 $105,206
2022 $355,728 $71,154 $1,780,055 $284,574
2021 $493,214 $69,858 $1,883,138 $423,356
2020 $169,165 $155,865 $1,339,928 $13,300
2019 $123,522 $306,609 $1,251,243 $-183,087
2018 $320,105 $214,433 $1,419,858 $105,672
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