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Nonprofiteer
← NORTHEASTERN VERMONT REGIONAL HOSPITAL INC

Form 990 for tax year 2023

Filed by NORTHEASTERN VERMONT REGIONAL HOSPITAL INC.

Totals

Total revenue
$131,554,572
Total expenses
$129,501,896
Contributions and grants received
$1,954,595
Grants paid
$13,792
Program service revenue
$127,256,921
Investment income
$2,325,914
Other revenue
$17,142
Total assets, end of year
$91,299,615
Total liabilities, end of year
$30,176,077
Net assets or fund balances, end of year
$61,123,538
Program services expenses (Part IX)
$101,302,123
Management and general expenses
$28,199,773
Fundraising expenses
$0
Program service expenses (Part III)
$101,302,123

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $72,500

  • 1d · Related organizations

    $100,000

  • 1e · Government grants (contributions)

    $1,338,830

  • 1f · All other contributions, gifts and grants

    $443,265

  • 2a · Program service revenue: Patient Service Revenue

    total $264,111,548 · related or exempt $261,415,034 · unrelated business $2,696,514

  • 2b · Program service revenue: Fixed Prospective Revenue

    total $10,500,689 · related or exempt $10,500,689

  • 2c · Program service revenue: Other Patient Service Revenue

    total $5,754,521 · related or exempt $5,234,625 · excluded $519,896

  • 2d · Program service revenue: Contractual/Char. Adj.

    total -$153,109,837 · related or exempt -$153,109,837

  • 3 · Investment income

    total $712,737 · unrelated business -$11,178 · excluded $723,915

  • 6a · Gross rents

    real property $20,231

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,231

  • 6d · Net rental income or loss

    total $20,231 · excluded $20,231

  • 7a · Gross sales of assets other than inventory

    securities $2,887,548 · other assets $52,012

  • 7b · Less cost or other basis and sales expenses

    securities $1,250,719 · other assets $75,664

  • 7c · Gain or loss

    securities $1,636,829 · other assets -$23,652

  • 7d · Net gain or loss

    total $1,613,177 · excluded $1,613,177

  • 8a · Fundraising events: gross income

    $26,850

  • 8a · Fundraising events: contributions included on line 1c

    $72,500

  • 8b · Fundraising events: direct expenses

    $29,939

  • 8c · Net income from fundraising events

    total -$3,089 · excluded -$3,089

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,792 · program services $13,792

  • 5 · Compensation of officers, directors and key employees

    total $1,418,893 · program services $680,791 · management and general $738,102

  • 7 · Other salaries and wages

    total $57,717,671 · program services $47,558,332 · management and general $10,159,339

  • 8 · Pension plan contributions

    total $2,427,993 · program services $1,999,107 · management and general $428,886

  • 9 · Other employee benefits

    total $13,195,736 · program services $10,817,578 · management and general $2,378,158

  • 10 · Payroll taxes

    total $4,028,983 · program services $3,290,421 · management and general $738,562

  • 11a · Fees: management

    total $117,187 · management and general $117,187

  • 11b · Fees: legal

    total $147,218 · management and general $147,218

  • 11c · Fees: accounting

    total $143,720 · management and general $143,720

  • 11f · Fees: investment management

    total $72,455 · management and general $72,455

  • 11g · Fees: other

    total $14,263,107 · program services $9,564,487 · management and general $4,698,620

  • 12 · Advertising and promotion

    total $79,314 · program services $42,196 · management and general $37,118

  • 13 · Office expenses

    total $755,782 · program services $402,088 · management and general $353,694

  • 14 · Information technology

    total $394,010 · program services $209,620 · management and general $184,390

  • 16 · Occupancy

    total $5,801,551 · program services $3,086,517 · management and general $2,715,034

  • 17 · Travel

    total $74,271 · program services $39,513 · management and general $34,758

  • 19 · Conferences, conventions and meetings

    total $78,617 · program services $41,825 · management and general $36,792

  • 20 · Interest

    total $238,346 · management and general $238,346

  • 22 · Depreciation, depletion and amortization

    total $4,722,578 · program services $1,957,349 · management and general $2,765,229

  • 23 · Insurance

    total $1,827,189 · program services $785,043 · management and general $1,042,146

  • 24a · Other expenses: Medical Supplies

    total $12,993,569 · program services $12,993,569

  • 24b · Other expenses: Medicaid Provider Tax

    total $6,652,495 · program services $6,652,495

  • 24c · Other expenses: Miscellaneous Expense

    total $1,804,922 · program services $884,103 · management and general $920,819

  • 24d · Other expenses: Employee Recruitment/Re

    total $532,497 · program services $283,297 · management and general $249,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,698 · end of year $1,650

  • 2 · Savings and temporary cash investments

    beginning of year $7,518,102 · end of year $4,373,605

  • 3 · Pledges and grants receivable

    beginning of year $711,915 · end of year $283,324

  • 4 · Accounts receivable

    beginning of year $11,100,071 · end of year $17,035,741

  • 8 · Inventories for sale or use

    beginning of year $1,366,840 · end of year $1,436,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,022,418 · end of year $1,020,546

  • 10a · Land, buildings and equipment: cost or other basis

    $76,394,326

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,703,661

  • 10c · Land, buildings and equipment, net

    beginning of year $24,551,836 · end of year $28,690,665

  • 11 · Investments: publicly traded securities

    beginning of year $23,833,882 · end of year $30,092,012

  • 12 · Investments: other securities

    beginning of year $334,900 · end of year $334,900

  • 14 · Intangible assets

    beginning of year $1,220,672 · end of year $967,679

  • 15 · Other assets

    beginning of year $9,756,763 · end of year $7,063,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,074,343 · end of year $10,999,376

  • 19 · Deferred revenue

    beginning of year $374,190 · end of year $550,931

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,008,702 · end of year $6,182,233

  • 25 · Other liabilities

    beginning of year $9,692,207 · end of year $12,443,537

  • 27 · Net assets without donor restrictions

    beginning of year $49,520,765 · end of year $55,598,403

  • 28 · Net assets with donor restrictions

    beginning of year $4,748,890 · end of year $5,525,135

Mission and programs · 2023

Mission

Northeastern Vermont Regional Hospital, Inc. is committed to improving the health and wellbeing of all.

Activities or mission (Part I)

Critical Access Hospital

  • Northeastern Vermont Regional Hospital, Inc. is a full service, state of the art, Critical Access Hospital. The Hospital makes its services available to approximately 30,000 residents of the greater St. Johnsbury community. Inpatient services include medical and surgical, intensive care, pediatrics, and obstetrics. The emergency room at NVRH is fully staffed by full-time board certified/eligible physicians. The Ambulatory Surgery Unit has space for 16 pre- and post-operative patients. Over 95% of our surgeries and procedures are conducted through day surgery. These services are supported by the laboratory, diagnostic imaging, MRI, CT scan, cardiac services, rehabilitation, respiratory, and other ancillary services. Surgical specialties include general surgery, oral/maxillofacial, otolaryngology, obstetrics/gynecology, orthopedics, ophthalmology, and urology. NVRH is one of two Vermont hospitals to have been awarded the international baby-friendly designation by the World Health Organization.NVRH's charity care program is available to patients who are uninsured, underinsured, or have otherwise demonstrated they don't have the financial resources to fully pay for their hospital care. Patients with income levels below 250% of the federal poverty guideline for the applicable family size have their hospital bill discounted by 100%. Patients with income levels between 251% and 400% of the federal poverty guideline receive a discount on their hospital bill between 70% and 50%. Foregone charges, based on established rates, furnished under NVRH's free care program amounted to $2,077,224 during the year ended September 30, 2024.The emergency room at NVRH is fully staffed by full-time physicians and specialized nurses who are trained to deal with all aspects of medical care. Emergency room staff provide pre-hospital provider training and support, participation in local education programs, hospital continuing medical education and quality assurance programs. Care provided by the emergency room is coordinated with appropriate local physician practices. The NVRH pharmacy provides pharmaceutical services for patients, including a complete patient medication profile and computerized monitoring. Our pharmacy staff is a vital component of the healthcare team, consulting with physicians and other health professionals to ensure that patients receive the appropriate drug therapies. NVRH owns four Rural Health Clinics that are staffed with a combination of medical doctors, nurse practitioners, physician assistants and nurse midwives in order to meet the needs of our patients. The four clinics include:1. Corner Medical - a family practice.2. Kingdom Internal Medicine3. St. Johnsbury Pediatrics4. Women's Wellness Center - providing full OB/GYN care.

    Expenses $101,302,123 · Grants $13,792 · Revenue $127,256,921

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Kascenska

    President of the Board, Past VP

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Warren Dow

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Joe Kasprzak

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Sara Simpson

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Mark Bowen

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Susan Carr

    President of the Auxiliary

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Peter Crosby

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Dan Daley

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Steve Feltus

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • John Goodrich

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Barbara Hatch

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Steven McConnell

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Natalie Morris

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Hank Parker

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Thaddeus Richardson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Kinsley Sicard

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Cynthia Stuart

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Betsy Bailey

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Terry Hoffer

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Dr Joshua Kantrowitz

    Past Med Staff President

    Total calculated
    $292,354
    From this org
    $251,663
    From related orgs
    $0
    Other
    $40,691
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $241,918
    Bonus
    $8,500
    Other
    $1,245
    Deferred
    $11,500
    Nontaxable benefits
    $29,191
    Filer's total
    $292,354

  • Lorraine Matteis

    Past President of the Auxiliary

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Mary Parent

    Past President of the Board, Past VP

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Shawn Tester

    CEO

    Total calculated
    $447,512
    From this org
    $400,562
    From related orgs
    $0
    Other
    $46,950
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $363,192
    Bonus
    $28,411
    Other
    $8,959
    Deferred
    $14,295
    Nontaxable benefits
    $32,655
    Filer's total
    $447,512

  • Dr Justin Katz

    Med Staff President Elect (VP)

    Total calculated
    $77,123
    From this org
    $73,144
    From related orgs
    $0
    Other
    $3,979
    Hours/week
    40 + 0.25 related

  • Dr Amanda Van Straten

    Med Staff President

    Total calculated
    $311,314
    From this org
    $267,393
    From related orgs
    $0
    Other
    $43,921
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $261,377
    Bonus
    $0
    Other
    $6,016
    Deferred
    $12,207
    Nontaxable benefits
    $31,714
    Filer's total
    $311,314

  • Andre Bissonnette

    CFO

    Total calculated
    $290,590
    From this org
    $247,887
    From related orgs
    $0
    Other
    $42,703
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $244,791
    Bonus
    $0
    Other
    $3,096
    Deferred
    $11,215
    Nontaxable benefits
    $31,488
    Filer's total
    $290,590

  • Dr David V Dent

    Physician

    Total calculated
    $505,958
    From this org
    $470,036
    From related orgs
    $0
    Other
    $35,922
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $458,725
    Bonus
    $0
    Other
    $11,311
    Deferred
    $12,932
    Nontaxable benefits
    $22,990
    Filer's total
    $505,958

  • Dr Eugene J Dixon

    Physician

    Total calculated
    $536,487
    From this org
    $500,320
    From related orgs
    $0
    Other
    $36,167
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $486,630
    Bonus
    $0
    Other
    $13,690
    Deferred
    $14,716
    Nontaxable benefits
    $21,451
    Filer's total
    $536,487

  • Dr Jeremy M Korsh

    Physician

    Total calculated
    $925,246
    From this org
    $882,480
    From related orgs
    $0
    Other
    $42,766
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $514,964
    Bonus
    $366,922
    Other
    $594
    Deferred
    $12,388
    Nontaxable benefits
    $30,378
    Filer's total
    $925,246

  • Dr Matthew G Prohaska

    Physician

    Total calculated
    $1,068,313
    From this org
    $1,018,278
    From related orgs
    $0
    Other
    $50,035
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $688,273
    Bonus
    $275,902
    Other
    $54,103
    Deferred
    $12,481
    Nontaxable benefits
    $37,554
    Filer's total
    $1,068,313

  • Dr Ryan Sexton

    Physician

    Total calculated
    $533,234
    From this org
    $478,204
    From related orgs
    $0
    Other
    $55,030
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $434,144
    Bonus
    $43,200
    Other
    $860
    Deferred
    $14,402
    Nontaxable benefits
    $40,628
    Filer's total
    $533,234

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
During 2023, bonuses were awarded to Shawn Tester, Dr. Joshua Kantrowitz, and Dr. Ryan Sexton based on incentive goals. Dr. Jeremy Korsh and Dr. Matthew Prohaska were awarded bonuses based on productivity goals.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2025
IRS schema version
2023v6.0
Source object
202502249349302310

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