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Nonprofiteer
← ALICE HYDE MEDICAL CENTER

Form 990 for tax year 2022

Filed by ALICE HYDE MEDICAL CENTER.

Totals

Total revenue
$94,361,201
Total expenses
$105,321,371
Contributions and grants received
$2,138,318
Grants paid
$0
Program service revenue
$89,624,346
Investment income
-$58,579
Other revenue
$2,657,116
Total assets, end of year
$59,902,936
Total liabilities, end of year
$56,241,267
Net assets or fund balances, end of year
$3,661,669
Program services expenses (Part IX)
$84,850,242
Management and general expenses
$20,471,129
Fundraising expenses
$0
Program service expenses (Part III)
$84,850,242

Program services were 80.6% 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

    $7,210

  • 1e · Government grants (contributions)

    $1,680,325

  • 1f · All other contributions, gifts and grants

    $450,783

  • 2a · Program service revenue: PATIENT CARE

    total $84,817,522 · related or exempt $84,817,522

  • 2b · Program service revenue: 340B REVENUE

    total $4,806,824 · related or exempt $4,806,824

  • 3 · Investment income

    total $104,455 · excluded $104,455

  • 6a · Gross rents

    real property $822,163

  • 6b · Less rental expenses

    real property $497,999

  • 6c · Rental income or loss

    real property $324,164

  • 6d · Net rental income or loss

    total $324,164 · excluded $324,164

  • 7a · Gross sales of assets other than inventory

    securities $701,699

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

    securities $864,733

  • 7c · Gain or loss

    securities -$163,034

  • 7d · Net gain or loss

    total -$163,034 · excluded -$163,034

  • 8a · Fundraising events: gross income

    $0

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

    $7,210

  • 8b · Fundraising events: direct expenses

    $1,347

  • 8c · Net income from fundraising events

    total -$1,347 · excluded -$1,347

  • 11a · Other revenue: CAFETERIA REVENUE

    total $450,895 · related or exempt $450,895

  • 11d · All other revenue

    total $1,883,404 · related or exempt $1,883,404

  • 11e · Other revenue, total

    $2,334,299

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $261,095 · management and general $261,095

  • 6 · Compensation of disqualified persons

    total $180,069 · management and general $180,069

  • 7 · Other salaries and wages

    total $58,660,101 · program services $47,369,323 · management and general $11,290,778

  • 8 · Pension plan contributions

    total $1,553,566 · program services $1,273,635 · management and general $279,931

  • 9 · Other employee benefits

    total $6,360,941 · program services $5,154,860 · management and general $1,206,081

  • 10 · Payroll taxes

    total $3,813,921 · program services $3,077,834 · management and general $736,087

  • 11b · Fees: legal

    total $163,264 · program services $131,966 · management and general $31,298

  • 11c · Fees: accounting

    total $4,730 · program services $3,817 · management and general $913

  • 11f · Fees: investment management

    total $2,393 · management and general $2,393

  • 11g · Fees: other

    total $6,867,828 · program services $5,547,733 · management and general $1,320,095

  • 12 · Advertising and promotion

    total $43,270 · program services $34,975 · management and general $8,295

  • 13 · Office expenses

    total $107,246 · program services $86,687 · management and general $20,559

  • 14 · Information technology

    total $226,701 · program services $183,242 · management and general $43,459

  • 16 · Occupancy

    total $1,444,660 · program services $1,167,719 · management and general $276,941

  • 17 · Travel

    total $148,318 · program services $148,318

  • 20 · Interest

    total $1,116,458 · program services $902,433 · management and general $214,025

  • 22 · Depreciation, depletion and amortization

    total $3,688,121 · program services $2,981,108 · management and general $707,013

  • 24a · Other expenses: MEDICAL SUPPLIES & PHAR

    total $10,645,760 · program services $8,591,128 · management and general $2,054,632

  • 24b · Other expenses: SHARED SERVICES

    total $3,888,629 · program services $3,143,179 · management and general $745,450

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $2,215,290 · program services $1,790,619 · management and general $424,671

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $1,751,809 · program services $1,415,730 · management and general $336,079

  • 24e · All other expenses

    total $2,177,201 · program services $1,845,936 · management and general $331,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,048,184 · end of year $1,363,354

  • 2 · Savings and temporary cash investments

    beginning of year $13,255,893 · end of year $3,869,180

  • 4 · Accounts receivable

    beginning of year $7,587,878 · end of year $10,853,008

  • 5 · Loans and receivables from officers and key people

    beginning of year $103,102 · end of year $93,923

  • 8 · Inventories for sale or use

    beginning of year $1,227,735 · end of year $1,170,888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,470,271 · end of year $1,599,183

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

    $64,189,673

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

    $31,341,346

  • 10c · Land, buildings and equipment, net

    beginning of year $36,194,424 · end of year $32,848,327

  • 11 · Investments: publicly traded securities

    beginning of year $3,373,122 · end of year $3,605,330

  • 12 · Investments: other securities

    beginning of year $16,283 · end of year $16,283

  • 15 · Other assets

    beginning of year $1,624,565 · end of year $4,483,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,852,703 · end of year $10,886,995

  • 20 · Tax-exempt bond liabilities

    beginning of year $29,140,996 · end of year $27,628,545

  • 25 · Other liabilities

    beginning of year $15,430,833 · end of year $17,725,727

  • 27 · Net assets without donor restrictions

    beginning of year $13,019,447 · end of year $2,484,263

  • 28 · Net assets with donor restrictions

    beginning of year $1,457,478 · end of year $1,177,406

Mission and programs · 2022

Mission

ALICE HYDE MEDICAL CENTER WILL DISTINGUISH ITSELF AS A TRUSTED AND RESPECTED HEALTH CARE LEADER AND PROVIDER OF CHOICE, EXCEEDING EXPECTATIONS THROUGH SERVICE EXCELLENCE.

Activities or mission (Part I)

TO SERVE THE COMMUNITY THROUGH ACUTE, LONG TERM AND PRIMARY HEALTHCARE.

  • ALICE HYDE MEDICAL CENTER PROVIDES PATIENT CARE AS A GENERAL MEDICAL/SURGICAL HOSPITAL AND SKILLED NURSING FACILITY. ALICE HYDE MEDICAL CENTER PROVIDED INPATIENT SERVICES FOR 1,463 PATIENTS ADMITTED. PROVIDED 404,421 OUTPATIENT ANCILLARY PROCEDURES, PROVIDED 83,684 PHYSICIAN OFFICE VISITS, AND PROVIDED 45,829 DAYS OF SKILLED NURSING FACILITY CARE. 10,454 DAYS OF ASSISTED LIVING FACILITY CARE WAS ALSO PROVIDED DURING THE PERIOD.

    Expenses $84,850,242 · Revenue $91,958,645

As filed on the 2022 return.

Listed in Part VII

  • ROBERT G MAIN JR

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • KEVIN HART

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • THOMAS FITZPATRICK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • CAROL MCKEE RN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • DONNA KISSANE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • JASON ELLIS

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • PAUL KOEHLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • BRIAN MONETTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • BARBARA MONTOUR CPA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • CRAIG RICHARDS DO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • MATT JONES

    COO

    Total calculated
    $261,095
    From this org
    $245,211
    From related orgs
    $0
    Other
    $15,884
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,421
    Bonus
    $26,790
    Other
    $0
    Deferred
    $6,901
    Nontaxable benefits
    $8,983
    Filer's total
    $261,095

  • MICHELLE LEBEAU

    CEO

    Total calculated
    $658,735
    From this org
    $0
    From related orgs
    $607,301
    Other
    $51,434
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,886 related
    Bonus
    $0 + $89,938 related
    Other
    $0 + $25,477 related
    Deferred
    $0 + $32,091 related
    Nontaxable benefits
    $0 + $19,343 related
    Filer's total
    $0 + $658,735 related

  • CHRISTOPHER HICKEY

    SVP/CFO

    Total calculated
    $473,615
    From this org
    $0
    From related orgs
    $440,560
    Other
    $33,055
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,094 related
    Bonus
    $0 + $51,466 related
    Other
    $0
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $17,805 related
    Filer's total
    $0 + $473,615 related

  • DR LISA MARK

    CHIEF MEDICAL OFFICER

    Total calculated
    $503,463
    From this org
    $0
    From related orgs
    $467,309
    Other
    $36,154
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,732 related
    Bonus
    $0 + $49,577 related
    Other
    $0
    Deferred
    $0 + $14,162 related
    Nontaxable benefits
    $0 + $21,992 related
    Filer's total
    $0 + $503,463 related

  • MATEJ KOLLAR

    VP/CEO

    Total calculated
    $244,403
    From this org
    $0
    From related orgs
    $212,288
    Other
    $32,115
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,031 related
    Bonus
    $0 + $13,257 related
    Other
    $0
    Deferred
    $0 + $9,996 related
    Nontaxable benefits
    $0 + $22,119 related
    Filer's total
    $0 + $244,403 related

  • SUSAN BIONDOLOLLO

    BOARD MEMBER

    Total calculated
    $198,750
    From this org
    $192,986
    From related orgs
    $0
    Other
    $5,764
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $181,891
    Bonus
    $11,095
    Other
    $0
    Deferred
    $5,403
    Nontaxable benefits
    $361
    Filer's total
    $198,750

  • WENDY FRANK

    FNP

    Total calculated
    $201,485
    From this org
    $187,168
    From related orgs
    $0
    Other
    $14,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,168
    Bonus
    $0
    Other
    $0
    Deferred
    $5,615
    Nontaxable benefits
    $8,702
    Filer's total
    $201,485

  • ROBERT STOUT

    CRNA

    Total calculated
    $254,700
    From this org
    $246,902
    From related orgs
    $0
    Other
    $7,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,902
    Bonus
    $0
    Other
    $0
    Deferred
    $7,371
    Nontaxable benefits
    $427
    Filer's total
    $254,700

  • DUYEN NGUYEN

    AVP

    Total calculated
    $242,760
    From this org
    $226,930
    From related orgs
    $0
    Other
    $15,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,930
    Bonus
    $0
    Other
    $0
    Deferred
    $6,793
    Nontaxable benefits
    $9,037
    Filer's total
    $242,760

  • DEBRA PIERCEY

    CRNA

    Total calculated
    $259,104
    From this org
    $250,016
    From related orgs
    $0
    Other
    $9,088
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $250,016
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,088
    Filer's total
    $259,104

  • EMILY CAMPBELL

    BOARD MEMBER

    Total calculated
    $210,867
    From this org
    $204,716
    From related orgs
    $0
    Other
    $6,151
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $192,877
    Bonus
    $11,839
    Other
    $0
    Deferred
    $5,766
    Nontaxable benefits
    $385
    Filer's total
    $210,867

  • EMILE BERNARDOT MD

    FORMER DIRECTOR

    Total calculated
    $107,000
    From this org
    $107,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $107,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $107,000

  • MARINA MEDVED

    FORMER DIRECTOR

    Total calculated
    $355,053
    From this org
    $0
    From related orgs
    $341,612
    Other
    $13,441
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $341,612 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,237 related
    Nontaxable benefits
    $0 + $1,204 related
    Filer's total
    $0 + $355,053 related

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

PART I, LINE 3
IN ADDITION TO THE TOOLS AND PROCESSES IDENTIFIED IN PART I, ALICE HYDE MEDICAL CENTER RECEIVES GUIDANCE REGARDING ITS PRESIDENT'S COMPENSATION FROM THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF VERMONT HEALTH NETWORK, WHICH IS THE SOLE MEMBER OF THE HOSPITAL. THAT NETWORK COMPENSATION COMMITTEE UTILIZES THE FOLLOWING METHODS TO ESTABLISH THAT GUIDANCE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 7
ALICE HYDE MEDICAL CENTER PAID AWARDS TO CERTAIN MEMBERS OF UPPER MANAGEMENT (DIRECTORS, VICE PRESIDENTS, PHYSICIAN CHAIRS AND SENIOR EXECUTIVES) THROUGH ITS ANNUAL VARIABLE PAY PLAN AS THE PLAN'S PERFORMANCE MEASURES WERE MET. THE MEASURES WERE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THESE MEASURES INCLUDED FINANCIAL, POPULATION HEALTH & QUALITY, AND OPERATIONAL RELATED METRICS.
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.

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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202432289349302158

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