Northeastern Vermont Regional Corp
- Assets
- $9.1m
- Revenue
- $815.7k
- Investments
- $0.0
- Employees
- 0
- Location
- St Johnsbury, VT
- Founding
- 02/1987
- Data as of
- 09/2021
- EIN
- 22-2583253
Organization Overview
Northeastern Vermont Regional Corp is located in St Johnsbury, VT. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Northeastern Vermont Regional Corp 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, Northeastern Vermont Regional Corp generated $815.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $834.9k during the year ending 09/2021. While expenses have increased by 0.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE HEALTHCARE NEEDS OF VERMONT AND NORTHERN NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF NORTHEASTERN VERMONT REGIONAL HOSPITAL, INCLUDING TO IDENTIFY AND SERVE THE HEALTHCARE NEEDS OF THE RESIDENTS OF VERMONT AND NORTHERN NEW HAMPSHIRE BY ENCOURAGING THE DEVELOPMENT OF HEALTHCARE PROGRAMS AND IMPROVING THE DELIVERY OF HEALTHCARE SERVICES IN THE AREA; TO ENCOURAGE AND SUPPORT THE PRACTICE OF MEDICINE AND MEDICAL RESEARCH AND EDUCATION; AND TO COORDINATE THE ACTIVITIES OF THE CORPORATION'S AFFILIATES TO BETTER SERVE THE HEALTHCARE NEEDS OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Arthur President | OfficerTrustee | 0.1 | $0 |
Judy Desrochers Treasurer | OfficerTrustee | 0.1 | $0 |
Martha Davis Past Treasurer | OfficerTrustee | 0.1 | $0 |
Shawn Tester CEO | Officer | 1 | $0 |
Robert Hersey CFO | Officer | 1 | $0 |
Warren Dow Trustee | Trustee | 0.1 | $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 | $422,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,679 |
| Total Program Service Revenue | $302,220 |
| Investment income | $7,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,304 |
| Net Income from Fundraising Events | $77,672 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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 | $251,296 |
| Fees for services: Legal | $670 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423,743 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $834,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,598 |
| Savings and temporary cash investments | $916,178 |
| Pledges and grants receivable | $355,454 |
| Accounts receivable, net | $19,364 |
| 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 | $6,955,670 |
| Investments—publicly traded securities | $480,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,074,034 |
| Accounts payable and accrued expenses | $10,892 |
| Grants payable | $0 |
| 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 | $4,033,453 |
| Total liabilities | $4,044,345 |
| Net assets without donor restrictions | $3,517,614 |
| Net assets with donor restrictions | $1,512,075 |
| 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 | $9,074,034 |
Grants Awarded
Over the last fiscal year, Northeastern Vermont Regional Corp has awarded $24,590 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Johnsbury, VT PURPOSE: Annual Sponsorship | $17,000 |
ST JOHNSBURY SCHOOL PURPOSE: Donation | $7,590 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northeastern Vermont Regional Corp has recieved totaling $46,500.
| Awarding Organization | Amount |
|---|---|
Trout Lily Foundation Salem, NH PURPOSE: $15,100 AS OPERATING SUPPORT TO REWARD AND SUPPORT FRONT LINE WORKERS, AND $12,900 TO SUPPORT SIX MONTHS OF TRAVELER NURSE HOUSING AT THE LYNDON INSTITUTE, PLUS OTHER EXPENSES TO SUPPORT FRONT LINE WORKERS AS NEEDED. | $28,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archcare New York, NY | $38,938,250 | $96,013,711 |
Rpci Oncology Pc Buffalo, NY | $19,088,362 | $66,318,134 |
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Vna Care Network Inc Worcester, MA | $8,603,953 | $48,842,380 |
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |
Oak Orchard Community Inc Brockport, NY | $20,165,727 | $27,606,467 |
Upstream Usa Inc Boston, MA | $120,584,353 | $35,269,071 |