Mayo Healthcare Inc
- Assets
- $7.5m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 132
- Location
- Northfield, VT
- Founding
- 01/1946
- Data as of
- 12/2022
- 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 12/2022, Mayo Healthcare Inc employed 132 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 12/2022, Mayo Healthcare Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $8.8m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
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 |
|---|---|---|---|
Danielle Nickerson Executive Di | Officer | 40 | $99,094 |
Megan Cicio Trustee | Trustee | 1 | $0 |
Mike Donahue Vice Chair | OfficerTrustee | 1 | $0 |
Andrea Hough Treasurer | Trustee | 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 | $893,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,931 |
| Total Program Service Revenue | $7,646,181 |
| Investment income | $57,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,716,853 |
| 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. | $99,094 |
| Compensation of current officers, directors, key employees. | $99,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,863,575 |
| Pension plan accruals and contributions | $54,968 |
| Other employee benefits | $591,341 |
| Payroll taxes | $333,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,754 |
| Fees for services: Accounting | $49,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,625 |
| Office expenses | $89,554 |
| Information technology | $10,437 |
| Royalties | $0 |
| Occupancy | $439,235 |
| Travel | $10,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,773 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,275 |
| Insurance | $94,013 |
| All other expenses | $742,353 |
| Total functional expenses | $8,835,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,875 |
| Savings and temporary cash investments | $72,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $997,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,688 |
| Prepaid expenses and deferred charges | $27,500 |
| Net Land, buildings, and equipment | $3,146,183 |
| Investments—publicly traded securities | $2,444,296 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,406 |
| Total assets | $7,542,378 |
| Accounts payable and accrued expenses | $1,542,290 |
| 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 | $1,882,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,424,880 |
| Net assets without donor restrictions | $4,117,498 |
| 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 | $7,542,378 |