Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $624,930

• 1e · Government grants (contributions)

  $3,604,869

• 2a · Program service revenue: NET PATIENT SERV. REV

  total $187,040,704 · related or exempt $187,040,704

• 2b · Program service revenue: FIXED PROSPECTIVE REV

  total $29,162,539 · related or exempt $29,162,539

• 2c · Program service revenue: PHARMACY

  total $13,772,302 · related or exempt $13,772,302

• 2d · Program service revenue: PROGRAM INCENTIVES

  total $1,158,791 · related or exempt $1,158,791

• 2f · All other program service revenue

  total $3,690,301 · related or exempt $3,690,301

• 3 · Investment income

  total $376,765 · excluded $376,765

• 6a · Gross rents

  real property $10,300

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,300

• 6d · Net rental income or loss

  total $10,300 · excluded $10,300

• 7a · Gross sales of assets other than inventory

  securities $883,103 · other assets $14,000

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

  securities $0 · other assets $3,779

• 7c · Gain or loss

  securities $883,103 · other assets $10,221

• 7d · Net gain or loss

  total $893,324 · excluded $893,324

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,575 · program services $17,575

• 5 · Compensation of officers, directors and key employees

  total $2,985,964 · program services $466,310 · management and general $2,519,654

• 7 · Other salaries and wages

  total $63,866,892 · program services $53,646,825 · management and general $10,220,067

• 8 · Pension plan contributions

  total $1,769,932 · program services $1,441,815 · management and general $328,117

• 9 · Other employee benefits

  total $12,555,704 · program services $11,007,938 · management and general $1,547,766

• 10 · Payroll taxes

  total $4,815,322 · program services $3,874,646 · management and general $940,676

• 11a · Fees: management

  total $310,049 · management and general $310,049

• 11b · Fees: legal

  total $165,875 · management and general $165,875

• 11c · Fees: accounting

  total $117,728 · management and general $117,728

• 11d · Fees: lobbying

  total $25,125 · management and general $25,125

• 11f · Fees: investment management

  total $169,277 · management and general $169,277

• 11g · Fees: other

  total $66,017,816 · program services $64,199,479 · management and general $1,818,337

• 12 · Advertising and promotion

  total $238,763 · program services -$2,418 · management and general $241,181

• 14 · Information technology

  total $6,597,386 · program services $2,648,608 · management and general $3,948,778

• 16 · Occupancy

  total $4,952,180 · program services $4,245,855 · management and general $706,325

• 17 · Travel

  total $513,232 · program services $492,432 · management and general $20,800

• 19 · Conferences, conventions and meetings

  total $2,114 · program services $295 · management and general $1,819

• 20 · Interest

  total $1,897,776 · program services $1,729,743 · management and general $168,033

• 22 · Depreciation, depletion and amortization

  total $6,480,364 · program services $5,871,659 · management and general $608,705

• 23 · Insurance

  total $1,129,193 · program services $3,330 · management and general $1,125,863

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $37,939,333 · program services $35,113,999 · management and general $2,825,334

• 24b · Other expenses: PROVIDER TAX

  total $12,193,627 · program services $12,193,627

• 24c · Other expenses: BAD DEBTS

  total $8,502,812 · program services $8,502,812

• 24d · Other expenses: LICENSES, DUES, SUB.

  total $1,894,784 · program services $284,620 · management and general $1,610,164

• 24e · All other expenses

  total $983,828 · program services $960,569 · management and general $23,259

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $364,851 · end of year $397,655

• 2 · Savings and temporary cash investments

  beginning of year $5,773,013 · end of year $8,592,129

• 4 · Accounts receivable

  beginning of year $18,272,821 · end of year $22,269,634

• 8 · Inventories for sale or use

  beginning of year $3,663,615 · end of year $3,174,274

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,336,093 · end of year $2,537,076

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

  $83,845,123

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

  $11,567,838

• 10c · Land, buildings and equipment, net

  beginning of year $67,752,666 · end of year $72,277,285

• 11 · Investments: publicly traded securities

  beginning of year $24,435,697 · end of year $11,743,730

• 15 · Other assets

  beginning of year $12,364,393 · end of year $14,512,904

• 17 · Accounts payable and accrued expenses

  beginning of year $18,173,981 · end of year $17,987,913

• 19 · Deferred revenue

  beginning of year $487,708 · end of year $339,766

• 20 · Tax-exempt bond liabilities

  beginning of year $24,961,333 · end of year $21,966,694

• 23 · Secured mortgages and notes payable

  beginning of year $12,950,000 · end of year $0

• 25 · Other liabilities

  beginning of year $24,484,759 · end of year $35,061,580

• 27 · Net assets without donor restrictions

  beginning of year $53,905,368 · end of year $60,148,734

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDED A HOUSING ALLOWANCE TO ROBERT LABA, CFO IN THE AMOUNT OF $38,958. THIS AMOUNT IS INCLUDED IN HIS TAXABLE WAGES AND REPORTED IN SCHEDULE J, PART II, COLUMN (III) AS OTHER REPORTABLE COMPENSATION.

PART I, LINES 4A-B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CERTAIN INDIVIDUALS LISTED SCHEDULE J, PART II PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT. UNDER THE TERMS OF THE PLAN THE INDIVIDUAL WILL BECOME VESTED IN THE PLAN IF THEY REMAIN EMPLOYED THROUGH A TARGETED DATE PURSUANT TO THE PLAN. NO AMOUNTS VESTED IN CALENDAR YEAR 2024 AND AMOUNTS CREDITED UNDER THE PLAN ARE INCLUDED IN FORM 990, PART VII, SECTION A. THOMAS DEE - $100,000, PAM DUCHENE - $20,000, LESLIE KEEFE - $15,276, RICH OGILVIE - $855.

Related corporations and trusts

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

• SOUTHWESTERN VT HEALTHCARE ENTERPRISES

  C · HEALTH CARE · VT

  Directly controlled by SVHC