Copley Hospital Inc
- Assets
- $84.4m
- Revenue
- $98.2m
- Investments
- $5.8m
- Employees
- 615
- Location
- Morrisville, VT
- Founding
- 04/1934
- Data as of
- 09/2021
- EIN
- 03-0179423
Organization Overview
Copley Hospital Inc is located in Morrisville, VT. The organization was established in 1934. 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, Copley Hospital Inc employed 615 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copley Hospital 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 09/2021, Copley Hospital Inc generated $98.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $88.2m during the year ending 09/2021. While expenses have increased by 6.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COPLEY IS DEDICATED TO HELPING PEOPLE LIVE HEALTHIER LIVES; PROVIDING EXCEPTIONAL CARE, SUPERIOR SERVICE AND ASSURING PEOPLE HAVE ACCESS TO AFFORDABLE HEALTH CARE.
Describe the Organization's Program Activity:
COPLEY HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT IS CRITICAL TO THE HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Aros Orthopedic Surgeon | 40 | $834,708 | |
John Macy Orthopedic Surgeon | 40 | $743,837 | |
Joseph Mclaughlin Trustee/orthopedic Surgeon | Trustee | 39.8 | $655,059 |
Nicholas Antell Orthopedic Surgeon | 40 | $603,484 | |
Bryan Monier Orthopedic Surgeon | 40 | $511,845 | |
Donald Dupuis General Surgeon | 40 | $468,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaco Llc Consulting - It Svc | 9/29/21 | $1,096,868 |
Bernstein-magoon-gay Llc Laundry Services | 9/29/21 | $380,315 |
University Of Vermont Lab Services | 9/29/21 | $436,540 |
Travel Nurse Across America Travel Nurses | 9/29/21 | $339,451 |
Kara Pitt Physician Services | 9/29/21 | $202,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $178,890 |
| Government grants | $11,475,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,656,609 |
| Total Program Service Revenue | $86,372,634 |
| Investment income | $206,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,124 |
| Net Gain/Loss on Asset Sales | -$14,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,228,330 |
| 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. | $1,675,869 |
| Compensation of current officers, directors, key employees. | $757,288 |
| Compensation to disqualified persons | $145,662 |
| Other salaries and wages | $34,505,136 |
| Pension plan accruals and contributions | $1,243,428 |
| Other employee benefits | $4,448,273 |
| Payroll taxes | $2,266,403 |
| Fees for services: Management | $32,034 |
| Fees for services: Legal | $100,723 |
| Fees for services: Accounting | $79,186 |
| Fees for services: Lobbying | $27,184 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,994,379 |
| Advertising and promotion | $131,867 |
| Office expenses | $1,897,772 |
| Information technology | $495,526 |
| Royalties | $0 |
| Occupancy | $2,037,327 |
| Travel | $22,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $174,932 |
| Interest | $84,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,279,649 |
| Insurance | $1,598,443 |
| All other expenses | $122,773 |
| Total functional expenses | $88,190,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,450 |
| Savings and temporary cash investments | $28,890,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,587,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,591,159 |
| Prepaid expenses and deferred charges | $2,593,237 |
| Net Land, buildings, and equipment | $28,873,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,760,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,055,532 |
| Total assets | $84,353,372 |
| Accounts payable and accrued expenses | $12,085,124 |
| 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 | $7,046,760 |
| Unsecured mortgages and notes payable | $136,971 |
| Other liabilities | $18,602,472 |
| Total liabilities | $37,871,327 |
| Net assets without donor restrictions | $40,721,755 |
| Net assets with donor restrictions | $5,760,290 |
| 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 | $84,353,372 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Copley Hospital Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Evslin Family Foundation Inc Stowe, VT PURPOSE: OPERATINGSUPPORT. | $2,000 |
Endowment Analysis
| Beg. Balance | $4,765,579 |
| Earnings | $100,779 |
| Net Contributions | $300 |
| Ending Balance | $4,866,658 |
Peer Organizations
| 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 |