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Nonprofiteer
← SPRINGFIELD HOSPITAL INC

Form 990 for tax year 2024

Filed by SPRINGFIELD HOSPITAL INC.

Totals

Total revenue
$72,243,430
Total expenses
$70,552,303
Contributions and grants received
$4,612,899
Grants paid
$6,258
Program service revenue
$64,979,805
Investment income
$1,597,230
Other revenue
$1,053,496
Total assets, end of year
$38,448,641
Total liabilities, end of year
$26,405,908
Net assets or fund balances, end of year
$12,042,733
Program services expenses (Part IX)
$58,045,576
Management and general expenses
$12,506,727
Fundraising expenses
$0
Program service expenses (Part III)
$58,045,576

Program services were 82.3% 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

    $43,750

  • 1e · Government grants (contributions)

    $4,395,433

  • 1f · All other contributions, gifts and grants

    $173,716

  • 2a · Program service revenue: Patient Service Revenue

    total $149,470,993 · related or exempt $149,470,993

  • 2b · Program service revenue: Miscellaneous Revenue

    total $4,534,523 · related or exempt $4,395,116 · excluded $139,407

  • 2c · Program service revenue: Adult Daycare Revenue

    total $589,397 · related or exempt $589,397

  • 2d · Program service revenue: MSSA Revenue

    total $44,468 · related or exempt $44,468

  • 2e · Program service revenue: Contractual Allowances

    total -$89,659,576 · related or exempt -$89,659,576

  • 3 · Investment income

    total $1,591,136 · excluded $1,591,136

  • 7a · Gross sales of assets other than inventory

    other assets $6,094

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

    other assets $0

  • 7c · Gain or loss

    other assets $6,094

  • 7d · Net gain or loss

    total $6,094 · excluded $6,094

  • 8a · Fundraising events: gross income

    $17,082

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

    $43,750

  • 8b · Fundraising events: direct expenses

    $14,277

  • 8c · Net income from fundraising events

    total $2,805 · excluded $2,805

  • 11a · Other revenue: Nonmonetary exchange of property

    total $1,050,691 · excluded $1,050,691

  • 11e · Other revenue, total

    $1,050,691

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,258 · program services $6,258

  • 5 · Compensation of officers, directors and key employees

    total $1,228,749 · program services $334,832 · management and general $893,917

  • 7 · Other salaries and wages

    total $20,538,134 · program services $16,081,402 · management and general $4,456,732

  • 8 · Pension plan contributions

    total $562,791 · program services $434,875 · management and general $127,916

  • 9 · Other employee benefits

    total $3,153,575 · program services $2,439,638 · management and general $713,937

  • 10 · Payroll taxes

    total $1,915,371 · program services $1,449,930 · management and general $465,441

  • 11b · Fees: legal

    total $120,725 · management and general $120,725

  • 11c · Fees: accounting

    total $114,492 · management and general $114,492

  • 11g · Fees: other

    total $24,671,463 · program services $22,676,438 · management and general $1,995,025

  • 12 · Advertising and promotion

    total $90,002 · management and general $90,002

  • 13 · Office expenses

    total $793,244 · program services $628,503 · management and general $164,741

  • 14 · Information technology

    total $184,182 · program services $160,090 · management and general $24,092

  • 16 · Occupancy

    total $2,429,048 · program services $1,619,471 · management and general $809,577

  • 17 · Travel

    total $90,005 · program services $79,769 · management and general $10,236

  • 20 · Interest

    total $297,901 · management and general $297,901

  • 22 · Depreciation, depletion and amortization

    total $1,363,159 · program services $922,871 · management and general $440,288

  • 23 · Insurance

    total $965,881 · program services $897,032 · management and general $68,849

  • 24a · Other expenses: Medical Supplies

    total $5,934,923 · program services $5,930,469 · management and general $4,454

  • 24b · Other expenses: Healthcare Provider Tax

    total $3,775,567 · program services $3,775,567

  • 24c · Other expenses: Miscellaneous Expenses

    total $2,316,833 · program services $608,431 · management and general $1,708,402

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $925 · end of year $1,025

  • 2 · Savings and temporary cash investments

    beginning of year $7,407,137 · end of year $10,467,407

  • 4 · Accounts receivable

    beginning of year $15,105,988 · end of year $13,810,373

  • 8 · Inventories for sale or use

    beginning of year $332,070 · end of year $435,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $986,618 · end of year $1,004,463

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

    $39,232,290

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

    $26,822,988

  • 10c · Land, buildings and equipment, net

    beginning of year $12,147,941 · end of year $12,409,302

  • 14 · Intangible assets

    beginning of year $440,382 · end of year $320,160

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,342,070 · end of year $14,478,556

  • 19 · Deferred revenue

    beginning of year $12,499 · end of year $29,566

  • 23 · Secured mortgages and notes payable

    beginning of year $6,874,733 · end of year $6,407,522

  • 25 · Other liabilities

    beginning of year $6,895,241 · end of year $5,490,264

  • 27 · Net assets without donor restrictions

    beginning of year $9,348,234 · end of year $11,053,507

  • 28 · Net assets with donor restrictions

    beginning of year $948,284 · end of year $989,226

Mission and programs · 2024

Mission

Our mission is to excel at providing personalized, quality care; where people come first. Our vision is to be the provider of choice by creating a professional environment where patients want to receive care, clinicians want to practice medicine, and employees want to work. Our plan is to accomplish this by:1. Empowering our caregivers with education, technology, and opportunities for personal and professional development;2. Creating an environment which builds collaborative relationships among clinicians, staff, and patients;3. Providing our communities with educational resources and support to make informed decisions emphasizing prevention and wellness; and4. Offering safe, personalized, high-quality care.

Activities or mission (Part I)

25-Bed Critical Access Hospital

  • Springfield Hospital (SH) is a 25-bed critical access hospital located in Springfield, VT. SH also operates The Windham Center for Psychiatric Care, a comprehensive inpatient mental health program in Bellows Falls, VT; off-site physical therapy services in Springfield and Bellows Falls, VT, and an adult day care center in Springfield, VT. Springfield Hospital also operates a number of specialty practices to provide needed care to patients. These clinics include Connecticut Valley ENT, Surgical Associates (general surgery), Springfield Podiatry, Connecticut Valley Orthopedics, Springfield Gynecology and Springfield Urology. In addition, SH provides an outpatient clinic serving patients needing treatment and minimizing their need to travel great distances for infusion services. Charitable support, in the form of gas cards and/or medication cards, is provided to patients who do not have needed funds. This charitable support program is available through donations and grant funding.SH provides health services to residents throughout its catchment area. Many of the services benefit the elderly, the poor, the indigent, the underinsured and the uninsured. SH receives minimal reimbursement from these programs, with 37% of Springfield Hospital net revenue coming from Medicare and Medicaid funding. Springfield Hospital has a charity care policy under which patients who meet certain criteria will receive care without charge, or at amounts less than established rates. Patients qualify for 100% charity care at up to 250% of the federal poverty guideline (FPG) and 50% assistance up to 400% of the FPG. The Hospital does not bill patients nor pursue collection of amounts determined to qualify as charity care. For FY25, charges foregone for charity care, based on established rates, amounted to $2.6 million.Other community benefit programs include the following: Job Training and Shadowing Programs: These programs, in cooperation with Vocational Rehab and training programs through the State of Vermont, provide opportunities to gain on-the-job experience in the healthcare field. We also work with area high school students to provide opportunities for career education and summer employment. Healthcare Scholarships: Springfield Hospital raises funds that are then donated to individuals to further their educational pursuits in healthcare careers. In FY 2025, we donated three scholarships of more than 5,000 in healthcare scholarships.Employee Donations For Community Causes: Throughout the year, the Hospital encourages employees to participate in and donate to fundraising events in support of various associations that address community needs, for example Springfield Area Food Shelf, Hearts of Hope and the Santa Claus Club. EMS Preceptor Programs: Through Springfield Hospital's Emergency Department, several EMS agencies/schools that have their students come to the ED for their clinical hours. They range from Vermont Emergency First Responders to paramedic and include all agencies in the area.Meeting Rooms: Free meeting room space is offered to community groups when space is available. Groups that offer information on health or wellness are given a priority.Training Site Partnerships: Springfield Hospital is a training site for Vermont State University for their Licensed Practical Nurses and several other schools for their Registered Nurses. We welcome the following schools' students doing practicums as desired: University of New Hampshire, University of Vermont, Norwich University, University of Massachusetts, Smith College, Antioch New England Graduate School, River Valley Community College, Vermont State University, St Joseph's College of Maine, and Castleton State College. The program utilization generally requires an estimated 200 hours for LPN and 400 hours for RN. Community Education: Springfield Hospital promotes health education programs, open to the public, which include American Heart Association CPR and First Aid classes. The Hospital also collaborates with the North Star Health's community health team in offering community health and wellness education programs throughout the year emphasizing preventive programming around diet, exercise and nutrition.Springfield Community: Springfield Hospital encourages employees to become active volunteers to help improve the communities we call home. Employees donate their time in a variety of areas ranging from serving as Board Members for local groups, participation in fundraising activities, including the annual Springfield Hospital Golf Challenge Tournament and Apple Blossom Cotillion fundraising events.Volunteer Service: Volunteer Services provide a variety of services to patients and visitors. The donation of time and fundraising activities support programs that include Clerical Services, Activities Assistant at Adult Day Services, and Special Services in the Emergency Department.The Windham Center: The Windham Center is a 10-bed inpatient mental health unit that provides mental health services to residents of Windham and Windsor counties and other communities. Programs provide treatment for men and women who are 18 years of age and older. Multidisciplinary teams include psychiatrists, social workers, clinicians, drug and alcohol counselors, and nurses. The Windham Center serves the general population and financial assistance is available, based on need. The Windham Center had 267 admissions in 2025.Adult Day Care Service: Springfield Hospital operates an adult day care service, located in Springfield, VT. A cost-effective choice to long term nursing home health care, the Springfield Area Adult Day Service assists families with seniors or disabled adults, over the age of 18, who face the challenge of losing their independence. The structured program offers a safe and protective environment where nutritious meals, social activities, health care services, nursing oversight, and coordination of needed social and support services are provided. Transportation is available through an arrangement with the local bus service. In FY 2025, Adult Day Service had 4,416 patient days of care.VeggieVanGo: Springfield Hospital volunteers help distribute food at the monthly Vermont Foodbank VeggieVanGo event in Springfield. We distribute food to more than 500 families per month. Approximately 60 hours annually are donated in time and meetings.

    Expenses $58,045,576 · Grants $6,258 · Revenue $64,979,805

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Rumrill

    Chairperson

    Total calculated
    $0
    Hours/week
    2

  • Lynn Raymond-Empey

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    2

  • John Bond

    Secretary & Interim Treasuer

    Total calculated
    $0
    Hours/week
    2

  • Thusitha Cotter MD

    Director

    Total calculated
    $334,832
    From this org
    $308,795
    From related orgs
    $0
    Other
    $26,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,795
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,037
    Filer's total
    $334,832

  • Marty Gallagher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephen J LeBlanc

    Director

    Total calculated
    $0
    Hours/week
    1

  • Walter Martone

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gabriel St Pierre

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Root EdP ABPP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Heather Frahm

    Past Director

    Total calculated
    $0
    Hours/week
    1

  • Robert S Adcock MBA FACHE

    CEO/President

    Total calculated
    $378,977
    From this org
    $358,644
    From related orgs
    $0
    Other
    $20,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,644
    Bonus
    $0
    Other
    $0
    Deferred
    $6,678
    Nontaxable benefits
    $13,655
    Filer's total
    $378,977

  • Kayda Wescott

    CFO

    Total calculated
    $254,241
    From this org
    $214,982
    From related orgs
    $0
    Other
    $39,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,982
    Bonus
    $0
    Other
    $0
    Deferred
    $1,430
    Nontaxable benefits
    $37,829
    Filer's total
    $254,241

  • Lori Profota DNP RN NE-BC

    COO/CNO

    Total calculated
    $260,699
    From this org
    $231,041
    From related orgs
    $0
    Other
    $29,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,541
    Bonus
    $7,500
    Other
    $0
    Deferred
    $3,575
    Nontaxable benefits
    $26,083
    Filer's total
    $260,699

  • David Muller MD

    Physician

    Total calculated
    $721,935
    From this org
    $686,722
    From related orgs
    $0
    Other
    $35,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $606,722
    Bonus
    $80,000
    Other
    $0
    Deferred
    $6,081
    Nontaxable benefits
    $29,132
    Filer's total
    $721,935

  • Robert Cantu MD

    Physician

    Total calculated
    $582,476
    From this org
    $558,570
    From related orgs
    $0
    Other
    $23,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $558,570
    Bonus
    $0
    Other
    $0
    Deferred
    $6,832
    Nontaxable benefits
    $17,074
    Filer's total
    $582,476

  • Audrey Dudzik MD

    Physician

    Total calculated
    $390,713
    From this org
    $363,719
    From related orgs
    $0
    Other
    $26,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,719
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,994
    Filer's total
    $390,713

  • Kira Balkcom MD FACOG

    Physician

    Total calculated
    $377,294
    From this org
    $343,182
    From related orgs
    $0
    Other
    $34,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,182
    Bonus
    $0
    Other
    $0
    Deferred
    $6,885
    Nontaxable benefits
    $27,227
    Filer's total
    $377,294

  • Ian Odigie DPM

    Podiatrist

    Total calculated
    $339,420
    From this org
    $293,414
    From related orgs
    $0
    Other
    $46,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,414
    Bonus
    $0
    Other
    $0
    Deferred
    $5,308
    Nontaxable benefits
    $40,698
    Filer's total
    $339,420

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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
David Muller and Lori Profota received bonus compensation in 2024 based on productivity and tenure, respectively.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202612269349300321

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