Central Vt Medical Center Inc

Organization Overview

Central Vt Medical Center Inc is located in Barre, VT. The organization was established in 1987. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Central VT Medical Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central VT Medical Center Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2023, Central VT Medical Center Inc generated $726.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $595.8k during the year ending 12/2023. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION MEMBER SERVICES. CENTRAL VT MEDICAL CENTER INC. CREDIT UNION WAS ESTABLISHED TO PROVIDE COMPETETIVE LOAN AND DEPOSIT PRODUCTS AND MEET FINANCIAL NEEDS OF ITS MEMBER BASE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THERON. NUMBER OF DEPOSIT ACCOUNTS IS 2,559. MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF LOAN ACCOUNTS IS 444.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Reeves
Treasurer An
$92,724
Kelly Foy
Vice Chairpe
$0
Eileen Hee
Board Member
$0
Kelly Holland
Chairperson
$0
Dixie Mercier
Board Member
$0
Michelle Quesnel
Board Member
$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$375,811
Investment income $294,813
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $726,406

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