Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $41,986

• 1f · All other contributions, gifts and grants

  $1,482,050

• 1g · Noncash contributions included above

  $32,971

• 3 · Investment income

  total $296,437 · excluded $296,437

• 7a · Gross sales of assets other than inventory

  securities $1,795,679

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

  securities $1,129,516

• 7c · Gain or loss

  securities $666,163

• 7d · Net gain or loss

  total $666,163 · excluded $666,163

• 8a · Fundraising events: gross income

  $120,725

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

  $41,986

• 8b · Fundraising events: direct expenses

  $86,366

• 8c · Net income from fundraising events

  total $34,359 · excluded $34,359

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $67,226 · program services $67,226

• 2 · Grants to domestic individuals

  total $129,462 · program services $129,462

• 5 · Compensation of officers, directors and key employees

  total $303,728 · management and general $303,728

• 11c · Fees: accounting

  total $20,449 · program services $2,277 · management and general $18,172

• 11f · Fees: investment management

  total $11,733 · management and general $11,733

• 11g · Fees: other

  total $342,473 · program services $73,008 · management and general $269,465

• 12 · Advertising and promotion

  total $16,885 · management and general $16,885

• 13 · Office expenses

  total $4,215 · management and general $4,215

• 16 · Occupancy

  total $12,748 · program services $12,748

• 17 · Travel

  total $100,396 · program services $94,700 · management and general $5,696

• 19 · Conferences, conventions and meetings

  total $61,212 · program services $61,212

• 24a · Other expenses: SMALL EQUIPMENT

  total $550,884 · program services $547,823 · management and general $3,061

• 24b · Other expenses: OTHER EXPENSES

  total $183,525 · program services $145,999 · management and general $37,526

• 24c · Other expenses: MEDICAL SUPPLIES

  total $40,566 · program services $40,007 · management and general $559

• 24d · Other expenses: BOOKS, DUES & SUBSCRIPT

  total $2,945 · program services $1,117 · management and general $1,828

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $100,354 · end of year $163,253

• 2 · Savings and temporary cash investments

  beginning of year $164,235 · end of year $91,230

• 3 · Pledges and grants receivable

  beginning of year $553,351 · end of year $328,328

• 7 · Other notes and loans receivable

  beginning of year $17,365 · end of year $18,816

• 11 · Investments: publicly traded securities

  beginning of year $550,489 · end of year $609,558

• 12 · Investments: other securities

  beginning of year $9,430,653 · end of year $10,470,244

• 15 · Other assets

  beginning of year $864 · end of year $243

• 17 · Accounts payable and accrued expenses

  beginning of year $7,427 · end of year $42,717

• 25 · Other liabilities

  beginning of year $1,061,881 · end of year $814,706

• 27 · Net assets without donor restrictions

  beginning of year $4,915,021 · end of year $5,482,636

• 28 · Net assets with donor restrictions

  beginning of year $4,832,982 · end of year $5,341,613

The filer's explanations (Part III)

PART I, LINE 3

CHAMPLAIN VALLEY PHYSICIANS HOSPITAL MEDICAL CENTER, INC. ("CVPH") RELIED ON THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK"), THE PARENT ORGANIZATION OF CVPH, TO ESTABLISH SENIOR EXECUTIVE COMPENSATION. UVM HEALTH NETWORK UTILIZED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

THE UNIVERSITY OF VERMONT HEALTH NETWORK, BY AND THROUGH ITS AFFILIATED SUBSIDIARIES, MAINTAINS A SUPPLEMENTAL RETIREMENT BENEFIT PLAN (SRP) UNDER CONTRACTUAL ARRANGEMENTS WITH SEVERAL PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. PURSUANT TO THE TERMS OF THE SRP, ANNUAL CREDITS WERE MADE EQUAL TO A FIXED PERCENTAGE OF BASE SALARY. THE FOLLOWING PERSONS PARTICIPATED IN THE SRP IN CALENDAR YEAR 2024, AND THEIR RESPECTIVE FIXED PERCENTAGE IS DESIGNATED IN PARENTHESES: MICHELLE LEBEAU (10.04%). DEFERRED AMOUNTS VEST ON THE EARLIER OF: (I) JANUARY 1 OF THE THIRD PLAN YEAR AFTER THE PLAN YEAR FOR WHICH THE ACCOUNT WAS CREATED; OR (II) THE PARTICIPANT'S 65TH BIRTHDAY. FOR THE PLANS NOTED ABOVE, AMOUNTS DEFERRED DURING CALENDAR YEAR 2024 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. AMOUNTS DEFERRED REMAIN SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET.

PART I, LINE 8

SALARIES AND OTHER FIXED AMOUNTS PAYABLE TO EXECUTIVES SUCH AS OFFICERS AND CERTAIN KEY EMPLOYEES ARE SET BY CONTRACTS THAT ARE NEGOTIATED AND ENTERED INTO PRIOR TO THE COMMENCEMENT OF EACH EXECUTIVES' EMPLOYMENT. THE TERMS OF SUCH CONTRACTS ARE APPROVED IN ADVANCE BY THE APPROPRIATE COMPENSATION COMMITTEE OR OTHER BOARD-AUTHORIZED BODY, WHICH OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING SUCH OFFER, AND CONCURRENTLY DOCUMENTS ITS BASIS FOR DETERMINATION.

Related corporations and trusts

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

• UVMHN VENTURES INC

  C · HOLDING COMPANY · VT

  Directly controlled by UVMHN

• UVMHN CREDENTIALING & ENROLLMENT

  C · ADMIN SVC · VT

  Directly controlled by UVMHN VENTURES INC

• CHARITABLE REMAINDER TRUST (6)

  T · SUPPORT · VT

  Directly controlled by UVMMCCVMC

• PERPETUAL TRUST (10)

  T · SUPPORT · VT

  Directly controlled by UVMMC

• CHARITABLE IRREVOCABLE TRUST (8)

  T · SUPPORT · VT

  Directly controlled by UVMMCCVMC

• CHAMPLAIN VALLEY HEALTH NETWORK

  C · ADMIN SVC · NY

• MEDIQUEST INC

  C · MED OFFICE LEASE · NY

  Directly controlled by CPI