Rutland Hospital Inc
- Assets
- $358.6m
- Revenue
- $296.9m
- Investments
- $0.0
- Employees
- 1,989
- Location
- Rutland, VT
- Founding
- 03/1937
- Data as of
- 09/2020
- EIN
- 03-0183483
Organization Overview
Rutland Hospital Inc, operating under the name Rutland Regional Medical Center, is located in Rutland, 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, Rutland Regional Medical Center employed 1,989 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutland Regional Medical Center 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 09/2020, Rutland Regional Medical Center generated $296.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $290.2m during the year ending 09/2020. While expenses have increased by 2.7% 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 2015, Rutland Regional Medical Center has awarded 116 individual grants totaling $5,847,644. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE INPATIENT AND OUTPATIENT MEDICAL SERVICES AND TO IMPROVE HEALTH OF THE RESIDENTS OF RUTLAND AND SURROUNDING COUNTIES. SEE SCHEDULE O FOR MORE INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANCILLARY CARE. ANCILLARY CARE SERVICES INCLUDE OPERATING ROOM, EMERGENCY ROOM, PHYSICAL REHABILITATION, ANESTHESIOLOGY, ONCOLOGY, PULMONARY, RESPIRATORY, PHYSICAL THERAPY, CARDIAC CATH, ENDOSCOPY, AMBULATORY, DELIVERY, RADIATION, PSYCHIATRIC COUNSELING, OCCUPATIONAL THERAPY, RECOVERY, HIV CLINIC, AND SPEECH THERAPY. SEE SCHEDULE O FOR MORE INFORMATION.
INPATIENT CARE. INPATIENT CARE SERVICES INCLUDE MEDICAL AND SURGICAL, INTENSIVE CARE, HOSPITALISTS, PSYCHIATRIC, OBSTETRICS AND GYNECOLOGY, NURSERY, AND NURSING. SEE SCHEDULE O FOR MORE INFORMATION.
DIAGNOSTIC SERVICES. DIAGNOSTIC SERVICES INCLUDE LABORATORY, RADIOLOGY, ELECTROENCEPHALOGRAPHY, AND CT SCANNING. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Marsh MD Orthopedics | 40 | $1,055,727 | |
Melbourne D Boynton MD Orthopedic Srgn/chief Med Offr | Officer | 40 | $1,041,339 |
William A Lighthart MD Orthopedics | 40 | $825,408 | |
Michael Robertello MD Cardiology | 40 | $668,226 | |
Claudio D Fort President / CEO | Officer | 40 | $633,810 |
Ernest M Bove MD Urology | 40 | $618,048 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Professional Service | 9/29/21 | $7,670,211 |
Cross Country Staffing Inc Temporary Staff | 9/29/21 | $2,639,163 |
Sheridan Healthcare Of Vermont Inc Temporary Staff | 9/29/21 | $2,225,764 |
Mayo Collaborative Service Inc Lab Services | 9/29/21 | $1,225,097 |
University Of Vermont Medical Cente Professional Service | 9/29/21 | $1,001,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,069,079 |
| Investment income | $3,525,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$179,860 |
| Net Gain/Loss on Asset Sales | $22,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,861,710 |
| Statement of Expenses | |
|---|---|
| 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. | $9,132,952 |
| Compensation to disqualified persons | $607,557 |
| Other salaries and wages | $130,792,714 |
| Pension plan accruals and contributions | $5,292,968 |
| Other employee benefits | $16,674,508 |
| Payroll taxes | $8,332,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,981 |
| Fees for services: Accounting | $228,426 |
| Fees for services: Lobbying | $75,424 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,303 |
| Fees for services: Other | $23,169,397 |
| Advertising and promotion | $490,909 |
| Office expenses | $5,858,948 |
| Information technology | $3,689,248 |
| Royalties | $0 |
| Occupancy | $4,882,055 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589,699 |
| Interest | $1,282,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,612,561 |
| Insurance | $2,493,900 |
| All other expenses | $0 |
| Total functional expenses | $290,187,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,918 |
| Savings and temporary cash investments | $56,644,139 |
| Pledges and grants receivable | $31,356 |
| Accounts receivable, net | $24,324,318 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,034,303 |
| Inventories for sale or use | $2,835,878 |
| Prepaid expenses and deferred charges | $4,057,708 |
| Investments—publicly traded securities | $150,431,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,867,945 |
| Total assets | $358,592,790 |
| Accounts payable and accrued expenses | $40,807,192 |
| Grants payable | $0 |
| Deferred revenue | $13,547,104 |
| Tax-exempt bond liabilities | $31,225,379 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,591,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,352,638 |
| Total liabilities | $132,523,788 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $226,069,002 |
Grants Awarded
Over the last fiscal year, Rutland Hospital Inc has awarded $1,002,888 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Rutland, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $340,000 |
Bomoseen, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $256,176 |
Rutland, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $54,166 |
Burlington, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $54,000 |
Rutland, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $46,638 |
Rutland, VT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $44,430 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rutland Hospital Inc has recieved totaling $278,767.
| Awarding Organization | Amount |
|---|---|
Nella Grimm Fox Foundation Trust Ui Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $238,120 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $40,647 |
Endowment Analysis
| Beg. Balance | $1,453,615 |
| Earnings | $161,287 |
| Other Expense | $256,708 |
| Ending Balance | $1,358,194 |
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 |