Mayo Healthcare Inc
- Assets
- $7.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 167
- Location
- Northfield, VT
- Founding
- 01/1946
- Data as of
- 12/2021
- EIN
- 03-0140186
Organization Overview
Mayo Healthcare Inc is located in Northfield, VT. The organization was established in 1946. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Mayo Healthcare Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayo Healthcare Inc 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 12/2021, Mayo Healthcare Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HEALTHCARE TO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME SERVICES: LEVEL II - 50 BEDS, ASSISTED LIVING - 48 BEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mcadoo Former Ed | $112,780 | ||
Amy Melna Director Of | 40 | $107,805 | |
Danielle Nickerson Executive Di | Officer | 40 | $81,319 |
Mike Donahue Vice Chair | OfficerTrustee | 1 | $0 |
Peter Monte Chairman | OfficerTrustee | 1 | $0 |
Joseph P O'brien Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapies | 12/30/21 | $235,106 |
Fusion Medical Staffing Staffing | 12/30/21 | $436,963 |
Core Medical Group Staffing | 12/30/21 | $221,833 |
Performance Foodservice Food | 12/30/21 | $170,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,202,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,532 |
| Total Program Service Revenue | $6,617,841 |
| Investment income | $55,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,941,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $81,319 |
| Compensation of current officers, directors, key employees. | $81,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,028,450 |
| Pension plan accruals and contributions | $57,176 |
| Other employee benefits | $554,569 |
| Payroll taxes | $337,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,810 |
| Fees for services: Accounting | $42,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,710 |
| Office expenses | $86,369 |
| Information technology | $8,736 |
| Royalties | $0 |
| Occupancy | $397,126 |
| Travel | $5,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,284 |
| Insurance | $85,897 |
| All other expenses | $775,029 |
| Total functional expenses | $8,313,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850,394 |
| Savings and temporary cash investments | $254,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,118 |
| Prepaid expenses and deferred charges | $20,972 |
| Net Land, buildings, and equipment | $3,133,398 |
| Investments—publicly traded securities | $2,798,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,711 |
| Total assets | $7,825,678 |
| Accounts payable and accrued expenses | $1,095,975 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,001,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,097,754 |
| Net assets without donor restrictions | $4,727,924 |
| Net assets with donor restrictions | $0 |
| 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 | $7,825,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mayo Healthcare Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Care Central Vna & Hospice Inc Gardner, MA | $22,239,473 | $19,675,412 |
Rockingham Visiting Nurse Association And Hospice Exeter, NH | $4,116,836 | $17,268,809 |
All Care Vna Of Greater Lynn Inc Lynn, MA | $6,212,670 | $20,998,367 |
Visiting Nurse Service And Hospice Of Suffolk Inc Northport, NY | $10,640,891 | $18,228,424 |
Overlook Visiting Nurses Association Inc Charlton, MA | $6,671,533 | $18,917,049 |
Vna Home Care Services Cheektowaga, NY | $69,311,048 | $27,656,855 |
Family Home Health Care Inc Tarrytown, NY | $2,569,495 | $14,598,356 |
Riverspring Licensed Home Care Services Agency Inc Bronx, NY | $1,678,682 | $16,405,863 |
Brockton Visiting Nurse Association Brockton, MA | $9,421,383 | $18,699,459 |
Vna Home Health & Hospice Services Inc Manchester, NH | $14,859,113 | $16,405,289 |
Independent Home Care Newburgh, NY | $12,916,827 | $16,171,715 |
Pomonok Home Services Inc Fresh Meadows, NY | $10,694,325 | $13,019,917 |