University Health Center Inc
- Assets
- $31.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Swanton, VT
- Founding
- 02/1973
- Data as of
- 09/2021
- 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 09/2021, University Health Center Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.2m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Health Center Inc has awarded 56 individual grants totaling $9,283,882. 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
2021
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 PRACTICES 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 |
|---|---|---|---|
Stephen P Adams MD Secretary/ Treasurer | Officer | 5 | $44,500 |
Paul Penar MD Trustee | Trustee | 2 | $0 |
Mark Plante MD Trustee | Trustee | 2 | $0 |
Lauren Macafee Trustee | Trustee | 2 | $0 |
Jennifer Gilwee MD Trustee | Trustee | 2 | $0 |
Elise Everett 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 | $913,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,504,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $985,993 |
| 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. | $44,500 |
| Compensation of current officers, directors, key employees. | $44,500 |
| 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 | $34,249 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,438 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,514 |
| 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 | $8,905 |
| All other expenses | $0 |
| Total functional expenses | $1,184,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,467,896 |
| 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 | $29,920,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,404 |
| Total assets | $31,605,630 |
| Accounts payable and accrued expenses | $27,265 |
| Grants payable | $90,265 |
| 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 | $217,404 |
| Total liabilities | $334,934 |
| Net assets without donor restrictions | $1,433,209 |
| Net assets with donor restrictions | $29,837,487 |
| 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 | $31,605,630 |
Grants Awarded
Over the last fiscal year, University Health Center Inc has awarded $985,993 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: GENERAL SUPPORT | $925,993 |
Burlington, VT PURPOSE: GENERAL SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Cuba Memorial Hospital Inc Cuba, NY | $13,393,239 | $12,333,234 |
United Helpers Nursing Home Inc Ogdensburg, NY | $13,808,579 | $9,249,167 |
Healthcare Choices Ny Inc Brooklyn, NY | $5,459,308 | $10,428,165 |
Vassar Brothers Hospital Foundation Poughkeepsie, NY | $58,560,925 | $4,051,790 |
Brooklyn Hospital Radiology P C Brooklyn, NY | $784,187 | $3,298,833 |
Tbhc Medical Services Pc Brooklyn, NY | $942,645 | $6,768,198 |
St Josephs Hospital Elmira, NY | $0 | $5,903,575 |
Friends Of Yad Sarah Inc New York, NY | $6,538,987 | $4,473,675 |