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Nonprofiteer
← THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC

Form 990 for tax year 2024

Filed by THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC.

Totals

Total revenue
$429,300,801
Total expenses
$429,300,801
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$429,300,801
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$429,300,801
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$429,300,801

Program services were 100.0% 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.

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $429,300,801 · related or exempt $429,300,801

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $5,385,696 · program services $5,385,696

  • 6 · Compensation of disqualified persons

    total $3,000,986 · program services $3,000,986

  • 7 · Other salaries and wages

    total $361,626,233 · program services $361,626,233

  • 8 · Pension plan contributions

    total $20,858,768 · program services $20,858,768

  • 9 · Other employee benefits

    total $22,026,139 · program services $22,026,139

  • 10 · Payroll taxes

    total $16,402,979 · program services $16,402,979

Balance sheet

Part X, book values.

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS WHO ARE EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS (THE "AFFILIATED HOSPITALS") OF THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK").

Activities or mission (Part I)

SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS OF THE UNIVERSITY OF VERMONT HEALTH NETWORK.

  • SEE SCHEDULE O

    Expenses $429,300,801 · Revenue $429,300,801

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

Listed in Part VII

  • Dr Kimberly Blake 1

    DIRECTOR

    Total calculated
    $323,995
    From this org
    $271,080
    From related orgs
    $0
    Other
    $52,915
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $255,290
    Bonus
    $0
    Other
    $15,790
    Deferred
    $24,820
    Nontaxable benefits
    $28,095
    Filer's total
    $323,995

  • Dr Laura McCray 1

    DIRECTOR

    Total calculated
    $390,337
    From this org
    $332,055
    From related orgs
    $0
    Other
    $58,282
    Hours/week
    44 + 1 related

    Schedule J breakdown matched by us

    Base
    $256,305
    Bonus
    $70,693
    Other
    $5,057
    Deferred
    $23,650
    Nontaxable benefits
    $34,632
    Filer's total
    $390,337

  • Dr Stuart Hoffman

    SECRETARY

    Total calculated
    $337,742
    From this org
    $303,606
    From related orgs
    $0
    Other
    $34,136
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $300,727
    Bonus
    $0
    Other
    $2,879
    Deferred
    $18,188
    Nontaxable benefits
    $15,948
    Filer's total
    $337,742

  • Dr Benjamin Smith

    DIRECTOR

    Total calculated
    $463,622
    From this org
    $406,794
    From related orgs
    $0
    Other
    $56,828
    Hours/week
    44 + 1 related

    Schedule J breakdown matched by us

    Base
    $392,058
    Bonus
    $0
    Other
    $14,736
    Deferred
    $20,700
    Nontaxable benefits
    $36,128
    Filer's total
    $463,622

  • Dr Robert Althoff 1

    DIRECTOR (AS OF 7/2025)

    Total calculated
    $399,911
    From this org
    $371,077
    From related orgs
    $0
    Other
    $28,834
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $275,427
    Bonus
    $88,865
    Other
    $6,785
    Deferred
    $24,789
    Nontaxable benefits
    $4,045
    Filer's total
    $399,911

  • Dr Claude Nichols 1

    DIRECTOR

    Total calculated
    $892,638
    From this org
    $845,680
    From related orgs
    $0
    Other
    $46,958
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $601,375
    Bonus
    $152,354
    Other
    $91,951
    Deferred
    $41,400
    Nontaxable benefits
    $5,558
    Filer's total
    $892,638

  • Dr Anne Dixon 1

    DIRECTOR

    Total calculated
    $555,934
    From this org
    $485,548
    From related orgs
    $0
    Other
    $70,386
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $360,865
    Bonus
    $117,000
    Other
    $7,683
    Deferred
    $31,050
    Nontaxable benefits
    $39,336
    Filer's total
    $555,934

  • Dr William Raszka Jr 1

    CHAIR

    Total calculated
    $110,055
    From this org
    $77,939
    From related orgs
    $0
    Other
    $32,116
    Hours/week
    45

  • Dr Jason Sanders 1

    PRESIDENT & CEO (TIL 3/2025)

    Total calculated
    $751,166
    From this org
    $0
    From related orgs
    $650,982
    Other
    $100,184
    Hours/week
    36 + 14 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,547 related
    Bonus
    $0 + $214,352 related
    Other
    $0 + $10,083 related
    Deferred
    $0 + $61,575 related
    Nontaxable benefits
    $0 + $38,609 related
    Filer's total
    $0 + $751,166 related

  • Megan Buckley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Teresa Fama

    VICE CHAIR

    Total calculated
    $281,301
    From this org
    $251,756
    From related orgs
    $0
    Other
    $29,545
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $241,596
    Bonus
    $0
    Other
    $10,160
    Deferred
    $15,084
    Nontaxable benefits
    $14,461
    Filer's total
    $281,301

  • Dr Ramsey Herrington 1

    MG PRESIDENT & CEO (AS OF 7/2025)

    Total calculated
    $777,218
    From this org
    $703,586
    From related orgs
    $0
    Other
    $73,632
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $461,293
    Bonus
    $174,675
    Other
    $67,618
    Deferred
    $31,050
    Nontaxable benefits
    $42,582
    Filer's total
    $777,218

  • Dr Debra Leonard 1

    DIRECTOR (TIL 6/2025)

    Total calculated
    $589,200
    From this org
    $526,688
    From related orgs
    $0
    Other
    $62,512
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $401,081
    Bonus
    $103,923
    Other
    $21,684
    Deferred
    $31,050
    Nontaxable benefits
    $31,462
    Filer's total
    $589,200

  • Jennifer Gagnon

    TREASURER & VP OF FIN

    Total calculated
    $350,818
    From this org
    $0
    From related orgs
    $328,160
    Other
    $22,658
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,257 related
    Bonus
    $0 + $48,803 related
    Other
    $0 + $5,100 related
    Deferred
    $0 + $19,198 related
    Nontaxable benefits
    $0 + $3,460 related
    Filer's total
    $0 + $350,818 related

  • Lisa L Goodrich

    VP MED GROUP OPS (TIL 3/2025)

    Total calculated
    $553,734
    From this org
    $0
    From related orgs
    $477,116
    Other
    $76,618
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,183 related
    Bonus
    $0 + $82,435 related
    Other
    $0 + $8,498 related
    Deferred
    $0 + $41,400 related
    Nontaxable benefits
    $0 + $35,218 related
    Filer's total
    $0 + $553,734 related

  • Dr Eric Gauthier 1

    MEDICAL DIRECTOR

    Total calculated
    $915,422
    From this org
    $877,619
    From related orgs
    $0
    Other
    $37,803
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $801,188
    Bonus
    $0
    Other
    $76,431
    Deferred
    $31,050
    Nontaxable benefits
    $6,753
    Filer's total
    $915,422

  • Dr David Johnson 1

    DIVISION CHIEF

    Total calculated
    $935,614
    From this org
    $872,714
    From related orgs
    $0
    Other
    $62,900
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $618,877
    Bonus
    $325
    Other
    $253,512
    Deferred
    $31,050
    Nontaxable benefits
    $31,850
    Filer's total
    $935,614

  • Dr Marissa Matarrese

    PLASTIC SURGEON

    Total calculated
    $937,883
    From this org
    $879,255
    From related orgs
    $0
    Other
    $58,628
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $859,109
    Bonus
    $0
    Other
    $20,146
    Deferred
    $20,700
    Nontaxable benefits
    $37,928
    Filer's total
    $937,883

  • Dr Linda Martin

    PHYSICIAN ORTHO

    Total calculated
    $909,513
    From this org
    $909,406
    From related orgs
    $0
    Other
    $107
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $742,919
    Bonus
    $0
    Other
    $166,487
    Deferred
    $0
    Nontaxable benefits
    $107
    Filer's total
    $909,513

  • Dr Bruce Tranmer 1

    DIVISION CHIEF

    Total calculated
    $938,907
    From this org
    $893,348
    From related orgs
    $0
    Other
    $45,559
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $814,150
    Bonus
    $0
    Other
    $79,198
    Deferred
    $41,400
    Nontaxable benefits
    $4,159
    Filer's total
    $938,907

  • Richard Vincent

    FMR TREASURER

    Total calculated
    $1,049,652
    From this org
    $0
    From related orgs
    $973,150
    Other
    $76,502
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,448 related
    Bonus
    $0 + $227,287 related
    Other
    $0 + $116,415 related
    Deferred
    $0 + $40,672 related
    Nontaxable benefits
    $0 + $35,830 related
    Filer's total
    $0 + $1,049,652 related

  • Dr Kristen Destigter 1

    FMR SECRETARY

    Total calculated
    $783,848
    From this org
    $713,581
    From related orgs
    $0
    Other
    $70,267
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $539,895
    Bonus
    $137,231
    Other
    $36,455
    Deferred
    $41,400
    Nontaxable benefits
    $28,867
    Filer's total
    $783,848

  • Dr Thomas Peterson

    FMR CHAIR

    Total calculated
    $103,712
    From this org
    $0
    From related orgs
    $103,580
    Other
    $132
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $77,888 related
    Bonus
    $0 + $25,692 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $132 related
    Filer's total
    $0 + $103,712 related

  • Dr Robert Pierattini 1

    FMR INTERIM PRES & CEO

    Total calculated
    $120,180
    From this org
    $106,291
    From related orgs
    $0
    Other
    $13,889
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $99,358
    Bonus
    $0
    Other
    $6,933
    Deferred
    $12,357
    Nontaxable benefits
    $1,532
    Filer's total
    $120,180

  • Dr Natasha Withers

    FMR VICE CHAIR

    Total calculated
    $355,669
    From this org
    $296,351
    From related orgs
    $0
    Other
    $59,318
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $276,227
    Bonus
    $16,582
    Other
    $3,542
    Deferred
    $17,537
    Nontaxable benefits
    $41,781
    Filer's total
    $355,669

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

  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 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 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 EXECUTIVE LEVEL EMPLOYEES ACROSS THE NETWORK. PURSUANT TO THE TERMS OF THE SRP, ANNUAL CREDITS WERE MADE EQUAL TO A FIXED PERCENTAGE OF BASE SALARY. JASON SANDERS PARTICIPATED IN THE SRP IN CALENDAR YEAR 2024, AND HIS RESPECTIVE FIXED PERCENTAGE WAS 8.68%. 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. AMOUNTS DEFERRED REMAIN SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. AMOUNTS DEFERRED DURING CALENDAR YEAR 2024 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C.
PART I, LINE 7
THE ORGANIZATION 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.
COMPENSATION DETERMINATION
SCHEDULE J, PART I, QUESTION 3 UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP, INC. ("UVMHN MEDICAL GROUP") RELIED ON UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK"), THE PARENT ORGANIZATION OF UVMHN MEDICAL GROUP, TO ESTABLISH ITS PRESIDENT/CEO'S COMPENSATION. UVM HEALTH NETWORK UTILIZED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE

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.

  • UVMHN VENTURES INC

    C · HOLDING COMPANY · VT · controlled entity

  • UVMHN CREDENTIALING & ENROLLMENT

    C · ADMIN SVC · VT · controlled entity

  • CHARITABLE REMAINDER TRUSTS (6)

    T · SUPPORT · VT · controlled entity

  • PERPETUAL TRUSTS (10)

    T · SUPPORT · VT · controlled entity

  • CHARITABLE IRREVOCABLE TRUSTS (8)

    T · SUPPORT · VT · controlled entity

  • CHAMPLAIN VALLEY HEALTH NETWORK

    C · ADMIN SVC · NY · controlled entity

  • MEDIQUEST INC

    C · MED OFFICE LEASE · NY · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202602259349300010

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