Rutland Hospital Inc
- Assets
- $350.0m
- Revenue
- $324.3m
- Investments
- $0.0
- Employees
- 2,093
- Location
- Rutland, VT
- Founding
- 03/1937
- Data as of
- 09/2023
- 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 09/2023, Rutland Regional Medical Center employed 2,093 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 09/2023, Rutland Regional Medical Center generated $324.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $338.7m during the year ending 09/2023. While expenses have increased by 4.0% 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.
Since 2015, Rutland Regional Medical Center has awarded 194 individual grants totaling $9,069,212. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
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.
THE REVENUES AND EXPENSES REPORTED ON PART III, LINE 4D, REPRESENT THOSE AMOUNTS THAT ARE ATTRIBUTABLE TO OTHER PROGRAM SERVICES CONDUCTED BY THE ORGANIZATION. THESE OTHER SERVICES PRIMARILY REPRESENT OTHER SUPPORT SERVICES THAT ARE PROVIDED TO HOSPITAL PATIENTS OR THAT ARE CONDUCTED TO SUPPORT THE OVERALL FUNCTION OF THE HOSPITAL, SUCH AS CENTRAL SUPPLY AND PHARMACY SERVICES. OTHER SERVICES ALSO INCLUDE BENEFIT TO THE COMMUNITY THROUGH THE PAYMENT OF GRANTS TO OTHER COMMUNITY ORGANIZATIONS. SEE SCHEDULE I FOR DETAIL REGARDING THESE GRANT PAYMENTS.
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 |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director End 02/23 | Trustee | 40 | $450,982 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Inc Temporary Staff | 9/29/23 | $13,739,659 |
Cerner Corporatoin Professional Service | 9/29/23 | $13,622,159 |
Medical Solutions Llc Temporary Staff | 9/29/23 | $1,552,632 |
Sheridan Healthcare Of Vermont Inc Temporary Staff | 9/29/23 | $1,504,075 |
Mayo Collaborative Service Inc Lab Services | 9/29/23 | $1,349,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,338 |
| Related organizations | $0 |
| Government grants | $3,115,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,564,671 |
| Noncash contributions included in lines 1a–1f | $1,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,779,188 |
| Total Program Service Revenue | $342,182,621 |
| Investment income | $4,232,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$261,969 |
| Net Gain/Loss on Asset Sales | $1,068,696 |
| Net Income from Fundraising Events | -$39,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,335,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $829,066 |
| 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. | $9,467,798 |
| Compensation of current officers, directors, key employees. | $1,927,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,664,785 |
| Pension plan accruals and contributions | $5,348,825 |
| Other employee benefits | $20,977,417 |
| Payroll taxes | $8,788,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $363,565 |
| Fees for services: Accounting | $264,567 |
| Fees for services: Lobbying | $75,337 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,529 |
| Fees for services: Other | $30,564,702 |
| Advertising and promotion | $281,845 |
| Office expenses | $7,401,972 |
| Information technology | $5,108,988 |
| Royalties | $0 |
| Occupancy | $4,854,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $721,114 |
| Interest | $1,443,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,845,571 |
| Insurance | $3,419,726 |
| All other expenses | $0 |
| Total functional expenses | $338,672,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,295 |
| Savings and temporary cash investments | $14,600,270 |
| Pledges and grants receivable | $6,263 |
| Accounts receivable, net | $32,989,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,989,965 |
| Inventories for sale or use | $2,946,225 |
| Prepaid expenses and deferred charges | $4,327,963 |
| Net Land, buildings, and equipment | $95,394,468 |
| Investments—publicly traded securities | $170,500,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,251,795 |
| Total assets | $350,013,249 |
| Accounts payable and accrued expenses | $43,840,265 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,883,371 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,503,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,547,624 |
| Total liabilities | $102,774,963 |
| Net assets without donor restrictions | $243,086,896 |
| Net assets with donor restrictions | $4,151,390 |
| 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 | $350,013,249 |
Grants Awarded
Over the last fiscal year, Rutland Hospital Inc has awarded $767,073 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
RUTLAND MENTAL HEALTH SERVICES INC PURPOSE: COMM HEALTH IMPROV | $11,083 |
SOCIAL TINKERING CORP PURPOSE: COMM HEALTH IMPROV | $35,545 |
THE MENTOR CONNECTOR PURPOSE: COMM HEALTH IMPROV | $30,166 |
RUTLAND COMMUNITY PROGRAMS INC PURPOSE: COMM HEALTH IMPROV | $10,880 |
RUTLAND COUNTY HOUSING COALITION PURPOSE: COMM HEALTH IMPROV | $36,771 |
HOUSING INITIATIVES INC PURPOSE: COMM HEALTH IMPROV | $25,882 |