Central Vermont Medical Center Inc Hcsr
- Assets
- $162.9m
- Revenue
- $274.1m
- Investments
- $51.3m
- Employees
- 1,929
- Location
- Berlin, VT
- Founding
- 07/1970
- Data as of
- 09/2023
- EIN
- 22-2547186
Organization Overview
Central Vermont Medical Center Inc Hcsr is located in Berlin, VT. The organization was established in 1970. 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, Central Vermont Medical Center Inc Hcsr employed 1,929 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Vermont Medical Center Inc Hcsr 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, Central Vermont Medical Center Inc Hcsr generated $274.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $291.0m during the year ending 09/2023. While expenses have increased by 5.0% 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, Central Vermont Medical Center Inc Hcsr has awarded 28 individual grants totaling $1,744,205. 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
CVMC WORKS COLLABORATIVELY TO MEET THE NEEDS AND IMPROVE THE HEALTH OF THE RESIDENTS OF CENTRAL VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL SERVICES: INPATIENT, OUTPATIENT, AND 24/7 EMERGENCY DEPARTMENT SERVICES: CVMC HAS 122 LICENSED BEDS TO PROVIDE FOR A FULL SPECTRUM OF INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES. 20,375 INPATIENT DAYS, MORE THAN 250,000 OUTPATIENT PROCEDURES, AND 27,666 EMERGENCY ROOM VISITS WERE RECORDED DURING FISCAL YEAR 2023. OUTPATIENT ANCILLARY SERVICE UNITS MAKE UP THE MAJORITY OF SERVICE VOLUME, INCLUDING 42,139 RADIOLOGY PROCEDURES, 491,931 LAB TESTS, 18,505 CARDIOLOGY TESTS, AND 150,221 UNITS OF PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY. EMERGENCY DEPARTMENT: THE ER IS OPEN 24 HOURS A DAY 365 DAYS A YEAR. THE NUMBER OF PATIENTS SEEN IN THE ER IN FISCAL YEAR 2023 WAS 27,666. THE CANCER TREATMENT CENTER PROVIDED 4,245 ONCOLOGY AND RADIATION TREATMENTS. THE HOSPITAL ALSO HAS BEEN ACTIVE IN ITS OUTREACH TO CENTRAL VERMONT'S UNINSURED AND UNDER INSURED RESIDENTS.
MEDICAL GROUP PRACTICES: AT THE END OF THE FISCAL YEAR WE HAD 28 PRIMARY CARE, INFIRMARY, AND SPECIALTY PRACTICES. THIS INCLUDED 10 PRIMARY AND FAMILY CARE CLINICS, 1 PEDIATRIC CLINIC, AS WELL AS SPECIALTY CLINICS FOR UROLOGY, CARDIOLOGY, PODIATRY, RHEUMATOLOGY, ENT, ENDOCRINOLOGY, ORTHOPAEDICS, PSYCHOLOGY, AND OBSTETRICS/ GYNECOLOGY. THERE WERE A TOTAL OF 583,822 PRACTICE VISITS DURING FISCAL YEAR 2023.
WOODRIDGE REHAB & NURSING IS A MEDICARE-CERTIFIED 153-LICENSED BED SKILLED NURSING FACILITY LOCATED ON THE CAMPUS OF CENTRAL VERMONT MEDICAL CENTER. APPROXIMATELY TWO-THIRDS OF THE FACILITIES BEDS ARE DEDICATED TO LONG TERM CARE, INCLUDING PALLIATIVE CARE/END OF LIFE CARE AND THE OTHER ONE-THIRD PROVIDE SHORT TERM REHABILITATION THERAPY AND POST-ACUTE CARE FOR A GREAT VARIETY OF MEDICAL CARE CATEGORIES, INCLUDING PAIN MANAGEMENT AND WOUND CARE. THE FACILITY PROVIDES "PERSON-CENTERED", ROUND THE CLOCK NURSING CARE AND SOCIAL SERVICES SUPPORT COMPLEMENTING DAILY, ROBUST ACTIVITIES PROGRAMS, FINE DINING AND HAS A FULL COMPLIMENT OF SUPPORT SERVICES INCLUDING HOUSEKEEPING/LAUNDRY, MAINTENANCE AND TRANSPORTATION. MANY OTHER AMENITIES ARE AVAILABLE TO FACILITY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Brumsted MD Trustee, Until 11/22 | Trustee | 6 | $0 |
Christian Bean MD Physician | 50 | $0 | |
Christopher Meriam MD Trustee,fmr Pres Med,until6/23 | Trustee | 45 | $0 |
Sara Graves MD Physician | 50 | $0 | |
Anna T Noonan Trustee, President/coo | OfficerTrustee | 35 | $524,507 |
John Begly MD Physician | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Clinical Staffing | 9/29/23 | $8,304,589 |
Amn Healthcare Allied Inc Nurse Staffing | 9/29/23 | $1,087,706 |
Cross Country Staffing Inc Clinical Staffing | 9/29/23 | $12,634,206 |
E4h-environments For Health Archite Architecture | 9/29/23 | $957,640 |
Weatherby Locums Inc Physician Staffing | 9/29/23 | $535,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $5,504,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,735,940 |
| Total Program Service Revenue | $267,562,051 |
| Investment income | $512,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $249,045 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,059,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,603 |
| 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. | $2,201,411 |
| Compensation of current officers, directors, key employees. | $2,201,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,929,015 |
| Pension plan accruals and contributions | $5,130,757 |
| Other employee benefits | $18,569,633 |
| Payroll taxes | $8,465,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,796 |
| Fees for services: Accounting | $26,900 |
| Fees for services: Lobbying | $29,063 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,371,304 |
| Advertising and promotion | $277,889 |
| Office expenses | $2,827,426 |
| Information technology | $1,776,099 |
| Royalties | $0 |
| Occupancy | $7,463,892 |
| Travel | $109,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $762,802 |
| Interest | $433,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,844,620 |
| Insurance | $1,069,614 |
| All other expenses | $3,529,060 |
| Total functional expenses | $290,980,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,520,703 |
| Pledges and grants receivable | $51,848 |
| Accounts receivable, net | $21,840,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $783,432 |
| Inventories for sale or use | $5,236,018 |
| Prepaid expenses and deferred charges | $1,404,735 |
| Net Land, buildings, and equipment | $56,747,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,320,949 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,038,874 |
| Total assets | $162,943,741 |
| Accounts payable and accrued expenses | $60,389,220 |
| Grants payable | $122,011 |
| Deferred revenue | $71,285 |
| 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 | $11,731,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,813,327 |
| Total liabilities | $93,127,363 |
| Net assets without donor restrictions | $61,753,099 |
| Net assets with donor restrictions | $8,063,279 |
| 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 | $162,943,741 |
Grants Awarded
Over the last fiscal year, Central Vermont Medical Center Inc Hcsr has awarded $110,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAPSTONE COMMUNITY ACTION PURPOSE: FUEL YOUR NEIGHBORS CAMPAIGN | $15,000 |
DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT PURPOSE: Community Benefit Award | $17,500 |
PEOPLES HEALTH AND WELLNESS CENTER PURPOSE: HEALTH CARE FOR THE UNINSURED | $45,000 |
FAMILY CENTER OF WASHINGTON COUNTY PURPOSE: COMMUNITY BENEIFT AWARD | $15,000 |
GREEN MOUNTAIN UNITED WAY PURPOSE: COMMUNITY BENEFIT AWARD | $17,500 |