THE UNIVERSITY OF VERMONT HEALTH N… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

RICHARD VINCENT

Phone

8028475959

Tax Period

2023-10-01 to 2024-09-30

THE UNIVERSITY OF VERMONT HEALTH NETWORK, founded in 2011, is a mid-sized nonprofit in the Mental Health sector that reported $40.5M in total revenue in fiscal year 2023. Revenue surged 1223% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29.4M, a strong 72% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE EXCLUSIVELY CHARITABLE, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES WITHIN (CONTINUED IN SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $437,940 Revenue: $10,326,440

OVERSIGHT AND SUPPORT OF NETWORK HEALTH PROVIDERS AND DELIVERY OF COLLABORATIVE COORDINATED HEALTH CARE IN THE COMMUNITIES SERVED.

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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 $453,235

Program Service Revenue $10,326,440

Investment Income $29,767,511

Other Revenue $0

TOTAL REVENUE $40,547,186

Expense Breakdown

Grants Paid $437,940

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $437,940

Other Expenses $10,738,400

TOTAL EXPENSES $11,176,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,547,186	$3,063,827	+12.2%
Expenses	$11,176,340	$7,847,721	+0.4%
Net Income	$29,370,846	$-4,783,894	-7.1%

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

N/A

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

$2,994,750

Total Directors

$2,933,755

Key Employees

$9,164,068

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOMA ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
SIVAN COTEL	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE CROMWELL	TRUSTEE (TIL 12/2023)	2.00	Director	$0	$0	$0
VICTORIA DULEY	SECRETARY (TIL 12/2023)/ TRUSTEE	2.00	Officer Director	$0	$0	$0
JOHN DWYER	TRUSTEE	2.00	Director	$0	$0	$0
DR SUNIL EAPPEN	PRESIDENT/CEO	25.00	Officer Director	$0	$198,581	$2,147,061
DOMINIC EISINGER	TRUSTEE	2.00	Director	$0	$0	$0
DEENA MCCULLOUGH	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS GOLONKA	VICE CHAIR/TRUSTEE	2.00	Officer Director	$0	$0	$0
CAROL HARADEN	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN HART	TRUSTEE	2.00	Director	$0	$0	$0
DR VIRGINIA HOOD	TRUSTEE	2.00	Director	$0	$33	$60,717
DR ROBERT LASKOWSKI	TRUSTEE (TIL 12/2023)	2.00	Director	$0	$0	$0
DR DEBRA LEONARD	TRUSTEE	2.00	Director	$0	$60,335	$485,215
DR RICHARD PAGE	TRUSTEE	2.00	Director	$0	$22,230	$240,762
DR JOHN RUGGE	TRUSTEE	2.00	Director	$0	$0	$0
KERIN STACKPOLE	TRUSTEE	2.00	Director	$0	$0	$0
ALLIE STICKNEY	CHAIR/ TRUSTEE	2.00	Officer Director	$0	$0	$0
SANDRINE KIBUEY	TRUSTEE (AS OF 1/2024)	2.00	Director	$0	$0	$0
DR EDMONDO ROBINSON	TRUSTEE (AS OF 1/2024)	2.00	Director	$0	$0	$0
IAN SCHMIDEK	TRUSTEE (AS OF 1/2024)	2.00	Director	$0	$0	$0
BETSY VICENCIO	TRUSTEE	2.00	Director	$0	$0	$0
DR KARA WALKER	SECRETARY (AS OF 1/2024)/ TRUSTEE	2.00	Officer Director	$0	$0	$0
RICHARD VINCENT	TREASURER	25.00	Officer	$0	$64,609	$847,689
LORI BOISJOLI	NETWORK CIO	25.00	Key Emp	$0	$101,788	$588,656
DR JASON SANDERS	PRES/CEO OF UVMHN MG	5.00	Key Emp	$0	$95,550	$604,225
DR DAVID CLAUSS	SVP/CHIEF MED OFF	25.00	Key Emp	$0	$122,456	$708,716
DR DOUGLAS GENTILE	SVP, NETWORK IT	25.00	Key Emp	$0	$103,160	$693,542
GINGER LUBKOWITZ	SVP, CHIEF DEV OFF	44.00	Key Emp	$0	$52,485	$399,053
ERIC MILLER ESQ	SVP, GENERAL COUNSEL	25.00	Key Emp	$0	$95,622	$671,113
JESSICA MOSCHELLA	SVP, HIGH VALUE CARE	25.00	Key Emp	$0	$82,166	$548,080
JERALD NOVAK	SVP, CHIEF PEOPLE OFFICER	25.00	Key Emp	$0	$56,473	$606,156
CHRISTINE WERNEKE	PRES/COO, UVMHN HHH	5.00	Key Emp	$0	$53,295	$381,197
MICHELLE LEBEAU	PRES, AHMC/CVPH	5.00	Key Emp	$0	$113,166	$723,849
DR STEPHEN M LEFFLER	PRES/COO, UVMMC	5.00	Key Emp	$0	$71,334	$891,965
ANNA T NOONAN	PRES/COO, CVMC	5.00	Key Emp	$0	$109,957	$664,019
BOB ORTMYER	PRES, ECH & PMC (AS OF 5/2024)	5.00	Key Emp	$0	$62,284	$425,045
DRRAMSEY HERRINGTON	INTERIM EVP, COO (AS OF 4/2024)	25.00	Key Emp	$0	$69,242	$547,381
GARY SCOTT	SVP FACILITIES (AS OF 2/2024)	25.00	Key Emp	$0	$40,462	$372,557
JASON WILLIAMS	SVP, CHIEF RELA OFF (AS OF 5/2024)	25.00	Key Emp	$0	$50,539	$338,514
ANYA RADER WALLACK	FMR SVP, STRAT COMM	0.00		$0	$37,447	$326,942
JACKIE HUNTER	FMR SVP, CHIEF DIV & INCL	0.00		$0	$30,163	$364,837
ALFRED GOBEILLE	FMR EXEC VP/COO	25.00		$0	$40,162	$808,479
TOM THOMPSON	FMR PRES/COO, PMC	0.00		$0	$11,310	$457,809
ADRIANNE JOHNSON-ROSS	FMR PRES/COO, UVMHN HHH	0.00		$0	$1,089	$346,882
DIANA SCALISE	FMR SVP, HIGH VALUE CARE	0.00		$0	$0	$213,887
DR HOWARD M SCHAPIRO	FMR SVP, CHIEF HLTH & QUAL OFF	0.00		$0	$0	$331,461
JOHN REMILLARD	FMR PRESIDENT, ECH	0.00		$0	$0	$227,250

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	$40,547,186	$11,176,340	$1,191,840,799	$29,370,846
2023	$3,063,827	$7,847,721	$991,346,801	$-4,783,894
2022	$67,256,070	$4,604,990	$908,172,403	$62,651,080
2021	$37,209,596	$7,710,174	$1,020,848,268	$29,499,422
2020	$33,009,264	$5,041,141	$895,648,732	$27,968,123
2019	$23,864,147	$4,610,462	$767,930,157	$19,253,685
2018	$20,268,000	$175,097	$774,587,965	$20,092,903

THE UNIVERSITY OF VERMONT HEALTH NETWORK