Northeastern Vermont Regional Corp

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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

Principal Officer

Shawn Tester

Phone

8027487520

Tax Period

2023-10-01 to 2024-09-30

Northeastern Vermont Regional Corp, founded in 1984, is a small nonprofit in the Health Care sector that reported $998K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $700K, a strong 70% operating margin.

Mission

To achieve openness, inclusiveness, and public participation through strategic planning and decision making in identifying ways to better meet the healthcare needs of the community.

Program Service Accomplishments

Program 1

Expenses: $296,360 Revenue: $130,686

Promote the charitable, educational and scientific purposes of Northeastern Vermont Regional Hospital, including to identify and serve the healthcare needs of the residents of Vermont and Northern...

Promote the charitable, educational and scientific purposes of Northeastern Vermont Regional Hospital, including to identify and serve the healthcare needs of the residents of Vermont and Northern New Hampshire by encouraging the development of healthcare programs and improving the delivery of healthcare services in the area; to encourage and support the practice of medicine and medical research and education; and to coordinate the activities of the corporation's affiliates to better serve the healthcare needs of the public.

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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 $810,944

Program Service Revenue $130,686

Investment Income $56,489

Other Revenue $0

TOTAL REVENUE $998,119

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $1,686

Program Expenses $296,360

Other Expenses $198,046

TOTAL EXPENSES $298,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,119	$2,799,991	-0.6%
Expenses	$298,046	$679,191	-0.6%
Net Income	$700,073	$2,120,800	-0.7%

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

N/A

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

$738,102

Total Directors

$1,128,303

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Kascenska	President of the Board, Past VP	0.25	Officer Director	$0	$0	$0
Warren Dow	Vice Chair	0.25	Officer Director	$0	$0	$0
Joe Kasprzak	Treasurer	0.25	Officer Director	$0	$0	$0
Sara Simpson	Secretary	0.25	Officer Director	$0	$0	$0
Mark Bowen	Trustee	0.25	Director	$0	$0	$0
Susan Carr	President of the Auxiliary	0.25	Director	$0	$0	$0
Peter Crosby	Trustee	0.25	Director	$0	$0	$0
Dan Daley	Trustee	0.25	Director	$0	$0	$0
Steve Feltus	Trustee	0.25	Director	$0	$0	$0
John Goodrich	Trustee	0.25	Director	$0	$0	$0
Barbara Hatch	Trustee	0.25	Director	$0	$0	$0
Dr Justin Katz	Med Staff President Elect(VP)	0.25	Director	$0	$3,979	$77,123
Steven McConnell	Trustee	0.25	Director	$0	$0	$0
Natalie Morris	Trustee	0.25	Director	$0	$0	$0
Hank Parker	Trustee	0.25	Director	$0	$0	$0
Thaddeus Richardson	Trustee	0.25	Director	$0	$0	$0
Kinsley Sicard	Trustee	0.25	Director	$0	$0	$0
Cynthia Stuart	Trustee	0.25	Director	$0	$0	$0
Dr Amanda Van Straten	Med Staff President	0.25	Director	$0	$43,921	$311,314
Betsy Bailey	Past Trustee	0.25	Director	$0	$0	$0
Terry Hoffer	Past Trustee	0.25	Director	$0	$0	$0
Dr Joshua Kantrowitz	Past Med Staff President	0.25	Director	$0	$40,691	$292,354
Lorraine Matteis	Past President of the Auxiliary	0.25	Director	$0	$0	$0
Mary Parent	Past President of the Board, Past VP	0.25	Director	$0	$0	$0
Shawn Tester	CEO	0.25	Officer Director	$0	$46,950	$447,512
Andre Bissonnette	CFO	0.25	Officer	$0	$42,703	$290,590

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	$998,119	$298,046	$8,862,949	$700,073
2023	$2,799,991	$679,191	$11,558,729	$2,120,800
2022	$1,033,981	$900,630	$9,240,532	$133,351
2021	$815,740	$834,937	$9,074,034	$-19,197
2020	$501,044	$891,474	$8,644,783	$-390,430
2019	$623,987	$700,954	$9,134,890	$-76,967
2018	$590,719	$783,764	$8,567,203	$-193,045