University Health Center Inc
- Assets
- $35.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Swanton, VT
- Founding
- 02/1973
- Data as of
- 09/2023
- EIN
- 03-0229931
Organization Overview
University Health Center Inc is located in Swanton, VT. The organization was established in 1973. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Health 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 Health Center Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Health Center Inc has awarded 71 individual grants totaling $12,002,551. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTRATION OF FUNDS FOR USE BY VARIOUS CLINICAL PRACTICES OF UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT UNIVERSITY OF VERMONT COLLEGE OF MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF FUNDS FOR USE BY VARIOUS MEDICAL PRACTICE UNITS OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Plante MD Trustee | Trustee | 2 | $0 |
Elise Everett MD Trustee | Trustee | 2 | $0 |
Jennifer Gilwee MD Trustee | Trustee | 2 | $0 |
Lauren Macafee MD Trustee | Trustee | 2 | $0 |
Friederike Keating MD Trustee | Trustee | 2 | $0 |
David Lunardini MD Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,192,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,990,598 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,182,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,105,613 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,621 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,074 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,674 |
| All other expenses | $0 |
| Total functional expenses | $1,275,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,259,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,538 |
| Total assets | $35,118,241 |
| Accounts payable and accrued expenses | $8,471 |
| Grants payable | $277,549 |
| Deferred revenue | $0 |
| 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 | $179,538 |
| Total liabilities | $465,558 |
| Net assets without donor restrictions | $1,293,086 |
| Net assets with donor restrictions | $33,359,597 |
| 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 | $35,118,241 |
Grants Awarded
Over the last fiscal year, University Health Center Inc has awarded $1,105,613 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF VERMONT MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $1,045,613 |
UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE PURPOSE: GENERAL SUPPORT | $60,000 |