Windsor Hospital Corporation
- Assets
- $82.1m
- Revenue
- $71.8m
- Investments
- $34.2m
- Employees
- 560
- Location
- Windsor, VT
- Founding
- 04/1942
- Data as of
- 09/2023
- EIN
- 03-0183721
Organization Overview
Windsor Hospital Corporation, operating under the name Mt Ascutney Hospital and Health Center, is located in Windsor, 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, Mt Ascutney Hospital and Health Center employed 560 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Ascutney Hospital and Health 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, Mt Ascutney Hospital and Health Center generated $71.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $68.4m during the year ending 09/2023. While expenses have increased by 4.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF THOSE WE SERVE.
Describe the Organization's Program Activity:
MT. ASCUTNEY HOSPITAL AND HEALTH CENTER (MAHHC) OPERATES A NOT-FOR-PROFIT CRITICAL ACCESS HOSPITAL WHICH PROVIDES PRIMARY AND SECONDARY HEALTH CARE. MAHHC PRIMARY SERVICE AREA INCLUDES BRIDGEWATER, BROWNSVILLE, HARTLAND, READING, WEATHERSFIELD, WINDSOR, & WOODSTOCK (VT) AS WELL AS CLAREMONT, CORNISH, AND PLAINFIELD (NH). THE HOSPITAL PROVIDES ESSENTIAL HEALTH CARE SERVICES INCLUDING EMERGENCY DEPARTMENT/MEDICAL/SURGICAL INPATIENT, AND ANCILLARY DIAGNOSTIC TESTS, IMAGING/RADIOLOGY PROCEDURES, AND WELLNESS/PREVENTION SERVICES. MAHHC STAFFS A TOTAL OF 25 ACUTE MEDICAL/SURGICAL BEDS AND 10 ACUTE REHABILITATION BEDS. DURING THE YEAR, THERE WERE 951 DISCHARGES, 1,613 SURGERIES, 66,622 LAB TESTS, AND 14,580 IMAGING PROCEDURES. MAHHC IDENTIFIED ACCESS TO PRIMARY CARE AS A CENTRAL COMMUNITY NEED AND IS COMMITTED TO PROVIDING THE PHYSICIAN SERVICES OF FAMILY PRACTICE, INTERNAL MEDICINE AND PEDIATRICS IN WINDSOR AND WOODSTOCK. MAHHC PROVIDES FREE CARE TO PATIENTS WHO MEET CERTAIN CRITERIA. FOREGONE CHARGES FURNISHED UNDER MAHHC'S FREE CARE POLICY AMOUNT TO $389,555 IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee / Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee / Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo/ex-Officio | OfficerTrustee | 40 | $482,977 |
Name Not Listed Trustee / Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee / Medical Staff Pres (through 12/31/22) | OfficerTrustee | 40 | $284,859 |
Name Not Listed Trustee / Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Healthcare Services Association Staffing Services | 9/29/23 | $3,279,508 |
Mary Hitchcock Memorial Hospital Healthcare Services | 9/29/23 | $1,927,785 |
Emergency Services Of Ne Inc Staffing Services | 9/29/23 | $1,927,403 |
Dartmouth-hitchcock Clinic Healthcare Services | 9/29/23 | $787,405 |
Medsteam Anesthesia Pllc Anesthesia Staffing | 9/29/23 | $585,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $40,000 |
| Government grants | $455,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $773,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,269,039 |
| Total Program Service Revenue | $67,018,764 |
| Investment income | $584,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,299 |
| Net Gain/Loss on Asset Sales | $1,260,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,808,034 |
| 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. | $1,865,925 |
| Compensation of current officers, directors, key employees. | $311,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,566,564 |
| Pension plan accruals and contributions | $1,011,209 |
| Other employee benefits | $4,728,809 |
| Payroll taxes | $2,026,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,299 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,342,091 |
| Advertising and promotion | $214,878 |
| Office expenses | $127,328 |
| Information technology | $503,066 |
| Royalties | $0 |
| Occupancy | $1,501,249 |
| Travel | $39,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $483,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,322,266 |
| Insurance | $804,313 |
| All other expenses | $0 |
| Total functional expenses | $68,441,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,263,696 |
| Savings and temporary cash investments | $6,082,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,500,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $444,918 |
| Prepaid expenses and deferred charges | $518,433 |
| Net Land, buildings, and equipment | $17,977,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,190,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,169,484 |
| Total assets | $82,148,267 |
| Accounts payable and accrued expenses | $10,444,700 |
| Grants payable | $0 |
| Deferred revenue | $2,909,991 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,938,097 |
| Total liabilities | $37,292,788 |
| Net assets without donor restrictions | $36,693,917 |
| Net assets with donor restrictions | $8,161,562 |
| 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 | $82,148,267 |