Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $77,000

• 2a · Program service revenue: PROPERTY MANAGEMENT

  total $2,137,484 · related or exempt $2,137,484

• 2b · Program service revenue: LLC REVENUE

  total $1,541,048 · related or exempt $1,541,048

• 3 · Investment income

  total $1,040,329 · excluded $1,040,329

• 7a · Gross sales of assets other than inventory

  securities $940,770

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

  securities $0

• 7c · Gain or loss

  securities $940,770

• 7d · Net gain or loss

  total $940,770 · excluded $940,770

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $302,910 · program services $302,910

• 8 · Pension plan contributions

  total -$10,431 · program services -$10,431

• 9 · Other employee benefits

  total $57,890 · program services $57,890

• 10 · Payroll taxes

  total $22,245 · program services $22,245

• 11b · Fees: legal

  total $137,426 · management and general $137,426

• 11c · Fees: accounting

  total $6,521 · management and general $6,521

• 11f · Fees: investment management

  total $113,964 · management and general $113,964

• 11g · Fees: other

  total $271,807 · program services $271,807

• 13 · Office expenses

  total $15,274 · program services $12,983 · management and general $2,291

• 16 · Occupancy

  total $641,038 · program services $544,882 · management and general $96,156

• 22 · Depreciation, depletion and amortization

  total $477,755 · program services $406,092 · management and general $71,663

• 23 · Insurance

  total $49,053 · program services $41,695 · management and general $7,358

• 24a · Other expenses: LLC EXPENDITURES

  total $1,580,670 · program services $1,580,670

• 24b · Other expenses: SVC CONT, EQP RPR, DUES

  total $74,264 · program services $74,264

• 24c · Other expenses: SUPPLIES

  total $9,264 · program services $9,264

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $86,612 · end of year $102,230

• 2 · Savings and temporary cash investments

  beginning of year $53,160 · end of year $63,528

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,554 · end of year $17,789

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

  $6,552,369

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

  $93,771

• 10c · Land, buildings and equipment, net

  beginning of year $3,828,548 · end of year $6,458,598

• 11 · Investments: publicly traded securities

  beginning of year $61,210,930 · end of year $59,783,755

• 12 · Investments: other securities

  beginning of year $558,634 · end of year $558,634

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $2,990,000

• 15 · Other assets

  beginning of year $3,842,016 · end of year $13,223,979

• 17 · Accounts payable and accrued expenses

  beginning of year $221,551 · end of year $204,813

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $1,188,286 · end of year $1,118,607

• 25 · Other liabilities

  beginning of year $3,015,729 · end of year $2,936,377

• 27 · Net assets without donor restrictions

  beginning of year $65,168,888 · end of year $78,938,716

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

TOP MANAGEMENT OFFICIAL COMPENSATION DETERMINATION: SOUTHWESTERN VERMONT MEDICAL CENTER, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.

SCHEDULE J, PART I, LINE 4B

CERTAIN LISTED INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN CALENDAR YEAR 2022. UNDER THE TERMS OF THE PLAN, THE INDIVIDUAL BECOMES VESTED IF THEY REMAINED EMPLOYED THROUGH A TARGETED DATE OF THE PLAN. AMOUNTS VESTED IN THE PLAN DURING THE REPORTING PERIOD ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMOUNTS SUBJECT TO VESTED REQUIREMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AND INCLUDED BELOW. - THOMAS A. DEE: $300,992 - STEPHEN D. MAJETICH: $112,012

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SVHC-NY LLC

  HEALTHCARE · VT · income $1,541,048 · assets $947,683

  Directly controlled by SVHC

Related corporations and trusts

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

• SOUTHWESTERN VT HEALTH CARE ENTERPRISES

  C · HEALTHCARE · VT · 100% owned · share of assets $588,000 · controlled entity

  Directly controlled by SVHC