Brattleboro Memorial Hospital is located in Brattleboro, VT. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Brattleboro Memorial Hospital employed 821 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brattleboro Memorial Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Brattleboro Memorial Hospital generated $95.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $94.9m during the year ending 09/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Brattleboro Memorial Hospital has awarded 21 individual grants totaling $254,640. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SERVICES ON A REGION-WIDE BASIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOSPITAL CARE, BOTH INPATIENT AND OUTPATIENT SERVICES, ON A REGION-WIDE BASIS. BMH PROVIDED HEALTHCARE SERVICES TO APPROXIMATELY 1,866 INPATIENTS AND 151,752 OUTPATIENTS THROUGHOUT THE YEAR.BRATTLEBORO MEMORIAL HOSPITAL IS A MODERN, WELL-EQUIPPED AND PROFESSIONALLY STAFFED COMMUNITY HOSPITAL WHICH HAS BEEN SERVING GREATER BRATTLEBORO AND THE TRI-STATE AREA SINCE 1904. THROUGHOUT OUR MORE THAN A CENTURY OF CARING FOR OUR COMMUNITY, BMH HAS KEPT UP WITH MEDICAL TECHNOLOGY WHICH, IN TURN, HAS DRAWN EXCELLENT PHYSICIANS TO OUR FACILITY. THE BMH MEDICAL STAFF BOASTS MORE THAN 100 BOARD-CERTIFIED PHYSICIANS, ACTIVE IN BOTH PRIMARY CARE AND MANY SPECIALTIES.
CHARITY CARE:THE HOSPITAL'S CHARITY CARE PROGRAM IS DESIGNED TO ASSIST THOSE PATIENTS WHO ARE EITHER UNINSURED, UNDERINSURED OR HAVE LIMITED FINANCIAL RESOURCES THAT IMPACT THEIR ABILITY TO FULLY PAY FOR THEIR HOSPITAL CARE. BEFORE COMPLETING AN APPLICATION FOR CHARITY CARE, PATIENTS ARE FIRST ASKED TO INVESTIGATE WHETHER OR NOT THEY MAY BE ELIGIBLE FOR MEDICARE, MEDICAID, VETERAN'S BENEFITS OR OTHER GOVERNMENTAL OR PUBLIC ASSISTANCE PROGRAMS.THE HOSPITAL'S QUALIFICATIONS FOR CHARITY CARE ARE AS FOLLOWS:1. CHARITY CARE IS LIMITED TO MEDICALLY NECESSARY SERVICES. PATIENTS RECEIVING CERTAIN ELECTIVE SERVICES, SUCH AS THOSE CONSIDERED COSMETIC, INVESTIGATIONAL OR EXPERIMENTAL, ARE EXPECTED TO MAKE PAYMENT ARRANGEMENTS IN ADVANCE, AS THESE TYPES OF SERVICES ARE NOT COVERED BY THE CHARITY CARE PROGRAM.2. THE PATIENT'S FAMILY INCOME MUST BE AT OR BELOW 300% OF THE CURRENT FEDERAL POVERTY INCOME GUIDELINES FOR THEIR APPLICABLE FAMILY SIZE.THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES AND EQUIVALENT SERVICE STATISTICS. THE FOLLOWING INFORMATION MEASURES THE LEVEL OF THE CHARITY CARE PROVIDED DURING THE YEAR ENDED SEPTEMBER 30, 2020:EQUIVALENT PERCENTAGE OF CHARITY CARE SERVICES TO ALL SERVICES 1.48%IN ADDITION, THE HOSPITAL INCURS A PAYMENT SHORTFALL IN THE TREATMENT OF MEDICAID PATIENTS. THIS GOVERNMENT PROGRAM REIMBURSES FOR MEDICAL SERVICES AT LESS THAN THE COSTS INCURRED TO PROVIDE THOSE SERVICES. IN SEPTEMBER 30, 2020 AND 2019, THE HOSPITAL INCURRED A SHORTFALL OF APPROXIMATELY $8,235,000 AND $10,138,000, RESPECTIVELY, RELATED TO TREATING MEDICAID PATIENTS.THE HOSPITAL ALSO PROVIDED OTHER COMMUNITY BENEFITS UPON WHICH NO MONETARY VALUE HAS BEEN PLACED.-OFFERS FREE SMOKING CESSATION CLASSES.-COLLABORATES WITH OTHER COMMUNITY AGENCIES IN PUBLISHING A COMMUNITY WELLNESS CALENDER TWICE A YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Mclarney MD Board Member | Trustee | 40 | $776,044 |
Michael Wack Staff Md Ortho | 40 | $418,198 | |
Craig A Rinder Staff Md Urology | 40 | $396,244 | |
Gregory R Gadowski General Surgeon | 30 | $362,300 | |
Kathleen Mcgraw Chief Medical Officer | Officer | 40 | $338,349 |
John J Cope General Surgeon | 36 | $332,835 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dartmouth-hitchcock Keene Emergency Physician Services | 9/29/21 | $3,907,471 |
Dartmouth-hitchcock Contracted Physician Services | 9/29/21 | $1,653,246 |
Southern Vt Health Services Corp Management Fees | 9/29/21 | $1,631,124 |
Hp Cummings Construction Construction Services | 9/29/21 | $980,238 |
Anesthesia Physicians Of Brattleboro Physician Services | 9/29/21 | $945,988 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $224,429 |
Government grants | $441,261 |
All other contributions, gifts, grants, and similar amounts not included above | $258,345 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $924,035 |
Total Program Service Revenue | $92,957,041 |
Investment income | $368,600 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$236,728 |
Net Gain/Loss on Asset Sales | $971,656 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $94,984,604 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $18,200 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,690,622 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $44,853,475 |
Pension plan accruals and contributions | $1,636,091 |
Other employee benefits | $2,958,954 |
Payroll taxes | $2,941,022 |
Fees for services: Management | $1,320,000 |
Fees for services: Legal | $142,010 |
Fees for services: Accounting | $79,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $81,851 |
Fees for services: Other | $12,202,304 |
Advertising and promotion | $130,258 |
Office expenses | $3,992,328 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,767,723 |
Travel | $106,316 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $146,042 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,783,369 |
Insurance | $582,349 |
All other expenses | $0 |
Total functional expenses | $94,885,528 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,505,198 |
Savings and temporary cash investments | $19,880,968 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,993,509 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,323,849 |
Prepaid expenses and deferred charges | $524,828 |
Net Land, buildings, and equipment | $31,058,485 |
Investments—publicly traded securities | $26,993,650 |
Investments—other securities | $1,009,421 |
Investments—program-related | $0 |
Intangible assets | $725,840 |
Other assets | $95,173 |
Total assets | $104,110,921 |
Accounts payable and accrued expenses | $14,940,749 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $8,276,020 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $29,036 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,195,651 |
Total liabilities | $29,441,456 |
Net assets without donor restrictions | $73,605,412 |
Net assets with donor restrictions | $1,064,053 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $104,110,921 |
Over the last fiscal year, Brattleboro Memorial Hospital has awarded $62,700 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Brattleboro, VT PURPOSE: Support continuing programs | $13,200 |
Brattleboro, VT PURPOSE: Support continuing programs | $13,200 |
Brattleboro, VT PURPOSE: Support continuing programs | $12,150 |
Brattleboro, VT PURPOSE: Support continuing programs | $12,150 |
Brattleboro, VT PURPOSE: Support continuing programs | $6,000 |
Brattleboro, VT PURPOSE: Support continuing programs | $6,000 |
Over the last fiscal year, we have identified 1 grants that Brattleboro Memorial Hospital has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Pollio Family Foundation Inc Grafton, VT PURPOSE: PROGRAM SUPPORT | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Vassar Brothers Medical Center Poughkeepsie, NY | $1,245,233,477 | $744,600,234 |
Jamaica Hospital Medical Center Jamaica, NY | $292,806,464 | $710,077,311 |
Mary Imogene Bassett Hospital Cooperstown, NY | $473,816,345 | $653,736,548 |