Porter Hospital Inc Hcsr
- Assets
- $88.1m
- Revenue
- $120.3m
- Investments
- $4.7m
- Employees
- 674
- Location
- Middlebury, VT
- Founding
- 12/1942
- Data as of
- 09/2023
- EIN
- 03-0181058
Organization Overview
Porter Hospital Inc Hcsr is located in Middlebury, VT. The organization was established in 1942. 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 09/2023, Porter Hospital Inc Hcsr employed 674 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter Hospital Inc Hcsr 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 09/2023, Porter Hospital Inc Hcsr generated $120.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $110.7m during the year ending 09/2023. While expenses have increased by 4.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTER HOSPITAL, INC. ("PORTER") OPERATES A NOT-FOR PROFIT CRITICAL ACCESS HOSPITAL WITH PATIENT CARE SERVICES INCLUDING EMERGENCY ROOM, MATERNITY AND MEDICAL/SURGICAL INPATIENT AND OUTPATIENT CARE, AND ANCILLARY SERVICES INCLUDING REHABILITATION, LABORATORY TESTING, AND DIAGNOSTIC IMAGING SERVICES. AS A CRITICAL ACCESS HOSPITAL, PORTER STAFFS A TOTAL OF 25 BEDS INCLUDING THE BIRTHING UNIT. IN ADDITION, PORTER HAS AN EMERGENCY ROOM TO SERVE THE GREATER ADDISON COUNTY COMMUNITY NEEDS. PORTER RECORDED APPROXIMATELY 9,361 INPATIENT DAYS DURING THE YEAR. EMERGENCY ROOM VISITS TOTALED 13,349 FOR THE YEAR. SURGERIES FOR THE YEAR TOTALED 3,790. SUPPORT SERVICES FOR BOTH INPATIENTS AND OUTPATIENTS INCLUDE BUT ARE NOT LIMITED TO LABORATORY, DIAGNOSTIC IMAGING SERVICES, CARDIAC SERVICES, AND REHABILITATION FACILITIES. IMAGING INCLUDES RADIOLOGY, NUCLEAR MEDICINE, MRI, ULTRASOUND, AND CT SCAN. PORTER PROVIDES FREE CARE TO PATIENTS WHO MEET CERTAIN CRITERIA. PORTER PROVIDES A NUMBER OF COMMUNITY HEALTH OUTREACH PROGRAMS TO THE GENERAL PUBLIC FOR FREE. THE PROGRAMS INCLUDE BUT ARE NOT LIMITED TO DIABETES EDUCATION, BREAST CANCER SCREENING, PRENATAL CLASSES, BREASTFEEDING CLASSES, AND CPR COURSES. PORTER PROVIDES CLINICAL OFFICE SPACE TO THE OPEN DOOR CLINIC, WHICH PROVIDES ACCESS TO FREE QUALITY HEALTHCARE SERVICES TO THOSE WHO ARE UNINSURED OR UNDERINSURED UNTIL A PERMANENT HEALTH CARE PROVIDER CAN BE ESTABLISHED. FINALLY, PORTER HAS PARTNERED WITH LOCAL CAREER CENTERS, AS WELL AS COLLEGES TO PROVIDED CLINICAL EXPOSURE TO THEIR STUDENTS WITH GOALS OF DEVELOPING FUTURE HEALTHCARE WORKERS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Grangent Director (as Of 1/2023) | Trustee | 2 | $0 |
Dr Kristofer Anderson Director | Trustee | 15 | $0 |
Judson Bartlett Vice Chair | OfficerTrustee | 2 | $0 |
Megan Brakely Director (as Of 1/2023) | Trustee | 2 | $0 |
Anne Collins Director | Trustee | 2 | $0 |
Sivan Cotel Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Inc Traveling Nursing Services | 9/29/23 | $8,013,930 |
Medical Solutions Traveling Nursing Services | 9/29/23 | $2,724,266 |
Alliance Healthcare Services Inc Radiology Services | 9/29/23 | $837,922 |
Marcam Associates Collection Agency | 9/29/23 | $593,564 |
Mayo Collaborative Services Inc Dba Laboratory Services | 9/29/23 | $491,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,332,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,897,508 |
| Total Program Service Revenue | $117,603,635 |
| Investment income | $1,105,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,866 |
| Net Gain/Loss on Asset Sales | -$1,012,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,347,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,884 |
| Grants and other assistance to domestic individuals. | $5,635 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,561 |
| Compensation of current officers, directors, key employees. | $200,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,325,848 |
| Pension plan accruals and contributions | $1,261,390 |
| Other employee benefits | $6,212,150 |
| Payroll taxes | $3,110,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,205 |
| Fees for services: Accounting | $18,689 |
| Fees for services: Lobbying | $10,246 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,283 |
| Fees for services: Other | $26,992,798 |
| Advertising and promotion | $151,543 |
| Office expenses | $11,897,950 |
| Information technology | $63,897 |
| Royalties | $0 |
| Occupancy | $2,190,660 |
| Travel | $111,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,110 |
| Interest | $240,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,587,285 |
| Insurance | $577,214 |
| All other expenses | $343,025 |
| Total functional expenses | $110,741,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,316 |
| Savings and temporary cash investments | $7,658,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,079,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,651,388 |
| Prepaid expenses and deferred charges | $2,095,657 |
| Net Land, buildings, and equipment | $12,139,048 |
| Investments—publicly traded securities | $24,260,367 |
| Investments—other securities | $4,717,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,524,383 |
| Total assets | $88,130,330 |
| Accounts payable and accrued expenses | $9,438,527 |
| Grants payable | $65,642 |
| Deferred revenue | $13,456 |
| Tax-exempt bond liabilities | $8,383,243 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,414,274 |
| Total liabilities | $20,315,142 |
| Net assets without donor restrictions | $62,131,631 |
| Net assets with donor restrictions | $5,683,557 |
| 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 | $88,130,330 |
Grants Awarded
Over the last fiscal year, Porter Hospital Inc Hcsr has awarded $119,037 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ADDISON ALLIES NETWORK INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $13,948 |
ADDISON CENTRAL TEENS AND FRIENDS PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $15,320 |
ELDERLY SERVICES INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $30,000 |
EARLY CARE AND LEARNING PARTNERSHIP INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $15,000 |
GIVING FRIDGE LLC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $30,000 |
MIDDLEBURY EYE ASSOCIATES PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $7,637 |