University Of Vermont Medical Center Inc
- Assets
- $1.7b
- Revenue
- $2.1b
- Investments
- $446.3m
- Employees
- 9,544
- Location
- Burlington, VT
- Founding
- 02/1968
- Data as of
- 09/2023
- EIN
- 03-0219309
Organization Overview
University Of Vermont Medical Center Inc is located in Burlington, VT. The organization was established in 1968. 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, University Of Vermont Medical Center Inc employed 9,544 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Vermont Medical Center 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 09/2023, University Of Vermont Medical Center Inc generated $2.1b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.0b during the year ending 09/2023. While expenses have increased by 7.8% 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, University Of Vermont Medical Center Inc has awarded 214 individual grants totaling $23,470,997. 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 IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE BY INTEGRATING PATIENT CARE, EDUCATION, AND RESEARCH IN A CARING ENVIRONMENT.
Describe the Organization's Program Activity:
OUTPATIENT SERVICES. FOR MORE INFORMATION, SEE SCHEDULE O.
INPATIENT SERVICES. FOR MORE INFORMATION, SEE SCHEDULE O.
PROFESSIONAL SERVICES. FOR MORE INFORMATION, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Brumsted Ntwk Pres/ceo (til 11/2022) | OfficerTrustee | 8 | $1,787,177 |
Dr Sunil Eappen Ntwk Pres/ceo (as Of 11/2022) | OfficerTrustee | 8 | $286,769 |
Alyson Richards Trustee | Trustee | 2 | $0 |
Dr Richard Page Trustee | Trustee | 2 | $0 |
Noma Anderson Trustee | Trustee | 2 | $0 |
Patricia Donehower Trustee (til 12/2022) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echostor Technologies Inc Technology Solutions | 9/29/23 | $13,660,111 |
Cross Country Staffing Inc Traveling Nursing Services | 9/29/23 | $99,261,471 |
Ettain Group Inc Traveling Nursing Services | 9/29/23 | $5,690,480 |
Freedom Healthcare Staffing Traveling Nursing Services | 9/29/23 | $4,513,930 |
Tlc Homecare And Nursing Traveling Nursing Services | 9/29/23 | $4,388,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,755 |
| Related organizations | $212,200 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,580,317 |
| Noncash contributions included in lines 1a–1f | $106,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,953,272 |
| Total Program Service Revenue | $2,081,110,368 |
| Investment income | $17,728,426 |
| Tax Exempt Bond Proceeds | $1,820,665 |
| Royalties | $0 |
| Net Rental Income | $280,496 |
| Net Gain/Loss on Asset Sales | -$18,123,376 |
| Net Income from Fundraising Events | $15,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,099,784,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,309,332 |
| Grants and other assistance to domestic individuals. | $392,788 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,355,839 |
| Compensation of current officers, directors, key employees. | $9,355,839 |
| Compensation to disqualified persons | $185,618 |
| Other salaries and wages | $811,468,084 |
| Pension plan accruals and contributions | $51,371,132 |
| Other employee benefits | $120,351,273 |
| Payroll taxes | $52,282,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,281,142 |
| Fees for services: Accounting | $1,662,684 |
| Fees for services: Lobbying | $144,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $738,110 |
| Fees for services: Other | $144,276,982 |
| Advertising and promotion | $1,514,201 |
| Office expenses | $462,548,094 |
| Information technology | $49,698,706 |
| Royalties | $0 |
| Occupancy | $34,958,497 |
| Travel | $2,470,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,370,939 |
| Interest | $16,066,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,815,650 |
| Insurance | $15,040,061 |
| All other expenses | $31,750,961 |
| Total functional expenses | $2,045,273,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,685,882 |
| Savings and temporary cash investments | $217,709,987 |
| Pledges and grants receivable | $1,895,329 |
| Accounts receivable, net | $300,636,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,950,984 |
| Inventories for sale or use | $54,190,441 |
| Prepaid expenses and deferred charges | $47,442,740 |
| Net Land, buildings, and equipment | $589,369,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $446,263,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,026,513 |
| Total assets | $1,743,170,870 |
| Accounts payable and accrued expenses | $197,515,956 |
| Grants payable | $7,772,557 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $301,035,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $106,404,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,202,869 |
| Total liabilities | $678,931,242 |
| Net assets without donor restrictions | $982,553,626 |
| Net assets with donor restrictions | $81,686,002 |
| 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 | $1,743,170,870 |
Grants Awarded
Over the last fiscal year, University Of Vermont Medical Center Inc has awarded $2,190,357 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $80,000 |
ANEW PLACE PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $34,400 |
AREA HEALTH EDUCATION CENTER PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $460,000 |
BOYS AND GIRLS CLUB OF BURLINGTON INC PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $50,000 |
CHAMPLAIN HOUSING TRUST PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $101,049 |
CHITTENDEN COMMUNITY TELEVISION PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $50,000 |