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Nonprofiteer
← PORTER HOSPITAL INC HCSR

Form 990 for tax year 2022

Filed by PORTER HOSPITAL INC HCSR.

Totals

Total revenue
$120,347,555
Total expenses
$110,741,646
Contributions and grants received
$1,897,508
Grants paid
$192,519
Program service revenue
$117,603,635
Investment income
$93,841
Other revenue
$752,571
Total assets, end of year
$88,130,330
Total liabilities, end of year
$20,315,142
Net assets or fund balances, end of year
$67,815,188
Program services expenses (Part IX)
$90,139,159
Management and general expenses
$20,432,822
Fundraising expenses
$169,665
Program service expenses (Part III)
$90,139,159

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALICIA GRANGENT

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • DR KRISTOFER ANDERSON

    DIRECTOR

    Total calculated
    $381,271
    From this org
    $0
    From related orgs
    $347,740
    Other
    $33,531
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,574 related
    Bonus
    $0
    Other
    $0 + $1,166 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $15,231 related
    Filer's total
    $0 + $381,271 related

  • JUDSON BARTLETT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MEGAN BRAKELY

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • ANNE COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • SIVAN COTEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • BILL CUNNINGHAM

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MATTHEW CURRAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • KIM FARNHAM

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • RICHARD FOOTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • NICHOLAS LOVEJOY

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • LINDA SCHIFFER

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • HELENA VAN VOORST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • DR LINN LARSON

    DIRECTOR (TIL 12/2022)

    Total calculated
    $4,677
    From this org
    $4,677
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 3 related

  • SARAH RAY

    DIRECTOR (TIL 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • AMEY RYAN

    DIRECTOR (TIL 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • DEBRA STENNER

    DIRECTOR (TIL 12/2022)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • CHERYL MULLINS

    DIRECTOR (TIL 7/2023)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • TOM THOMPSON

    PRESIDENT & COO (TIL 9/2023)

    Total calculated
    $550,813
    From this org
    $0
    From related orgs
    $504,516
    Other
    $46,297
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,384 related
    Bonus
    $0 + $72,839 related
    Other
    $0 + $62,293 related
    Deferred
    $0 + $45,944 related
    Nontaxable benefits
    $0 + $353 related
    Filer's total
    $0 + $550,813 related

  • SCOTT COMEAU

    CFO

    Total calculated
    $276,062
    From this org
    $0
    From related orgs
    $237,564
    Other
    $38,498
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,220 related
    Bonus
    $0 + $15,444 related
    Other
    $0 + $22,900 related
    Deferred
    $0 + $7,382 related
    Nontaxable benefits
    $0 + $31,116 related
    Filer's total
    $0 + $276,062 related

  • BOB ORTMYER

    PRESIDENT & COO (AS OF 9/2023)

    Total calculated
    $388,312
    From this org
    $0
    From related orgs
    $358,016
    Other
    $30,296
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,556 related
    Bonus
    $0 + $50,753 related
    Other
    $0 + $10,707 related
    Deferred
    $0 + $18,618 related
    Nontaxable benefits
    $0 + $11,678 related
    Filer's total
    $0 + $388,312 related

  • BRANDI BETCHER HELM

    AVP OPERATIONS (AS OF 7/2023)

    Total calculated
    $175,908
    From this org
    $169,879
    From related orgs
    $0
    Other
    $6,029
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $159,556
    Bonus
    $10,230
    Other
    $93
    Deferred
    $5,077
    Nontaxable benefits
    $952
    Filer's total
    $175,908

  • LINDA HAVEY

    AVP OPERATIONS

    Total calculated
    $243,596
    From this org
    $0
    From related orgs
    $232,485
    Other
    $11,111
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,632 related
    Bonus
    $0 + $12,541 related
    Other
    $0 + $3,312 related
    Deferred
    $0 + $7,021 related
    Nontaxable benefits
    $0 + $4,090 related
    Filer's total
    $0 + $243,596 related

  • MICHAEL LEYDEN

    AVP OPERATIONS (TIL 7/2023)

    Total calculated
    $254,713
    From this org
    $0
    From related orgs
    $220,005
    Other
    $34,708
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,210 related
    Bonus
    $0 + $12,541 related
    Other
    $0 + $254 related
    Deferred
    $0 + $6,803 related
    Nontaxable benefits
    $0 + $27,905 related
    Filer's total
    $0 + $254,713 related

  • ERIC BERG

    CRNA

    Total calculated
    $425,826
    From this org
    $379,043
    From related orgs
    $0
    Other
    $46,783
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $337,555
    Bonus
    $0
    Other
    $41,488
    Deferred
    $15,492
    Nontaxable benefits
    $31,291
    Filer's total
    $425,826

  • AMY BISHOP

    CRNA

    Total calculated
    $355,174
    From this org
    $314,772
    From related orgs
    $0
    Other
    $40,402
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $296,675
    Bonus
    $0
    Other
    $18,097
    Deferred
    $9,729
    Nontaxable benefits
    $30,673
    Filer's total
    $355,174

  • WILLIAM HARRINGTON

    CRNA

    Total calculated
    $297,077
    From this org
    $288,243
    From related orgs
    $0
    Other
    $8,834
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $272,030
    Bonus
    $0
    Other
    $16,213
    Deferred
    $8,639
    Nontaxable benefits
    $195
    Filer's total
    $297,077

  • TIFFANY LOVE

    AVP/CHIEF NURS OFF (TIL 7/2023)

    Total calculated
    $250,858
    From this org
    $231,884
    From related orgs
    $0
    Other
    $18,974
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $203,614
    Bonus
    $27,870
    Other
    $400
    Deferred
    $7,023
    Nontaxable benefits
    $11,951
    Filer's total
    $250,858

  • ERIC SHUBERT

    PHARMACIST

    Total calculated
    $218,487
    From this org
    $183,984
    From related orgs
    $0
    Other
    $34,503
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $179,766
    Bonus
    $0
    Other
    $4,218
    Deferred
    $7,036
    Nontaxable benefits
    $27,467
    Filer's total
    $218,487

  • JUDY PEEK-LEE

    FMR INTERIM CFO

    Total calculated
    $440,602
    From this org
    $0
    From related orgs
    $409,410
    Other
    $31,192
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,587 related
    Bonus
    $0 + $37,030 related
    Other
    $0 + $22,793 related
    Deferred
    $0 + $14,754 related
    Nontaxable benefits
    $0 + $16,438 related
    Filer's total
    $0 + $440,602 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

PART I, LINE 3
PORTER HOSPITAL CENTER RELIED ON THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK"), PARENT OF PORTER HOSPITAL'S PARENT ORGANIZATION, PORTER MEDICAL CENTER, 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
SUPPLEMENTAL RETIREMENT PLAN PORTER MEDICAL CENTER, PARENT ORGANIZATION OF PORTER HOSPITAL, MAINTAINS A SUPPLEMENTAL RETIREMENT BENEFIT PLAN (SRP) UNDER CONTRACTUAL ARRANGEMENT WITH PRESIDENT AND COO THOMAS THOMPSON. PURSUANT TO THE TERMS OF THE SRP, PORTER MEDICAL CENTER MAKES ANNUAL CREDITS EQUAL TO 8.68% OF BASE SALARY. AMOUNTS DEFERRED DURING CALENDAR YEAR 2022 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. AMOUNTS DEFERRED REMAIN SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET.
PART I, LINE 7
PORTER HOSPITAL PAID AWARDS TO CERTAIN MEMBERS OF UPPER MANAGEMENT (OFFICERS, 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. ADDITIONALLY, CERTAIN EMPLOYEES OF THE ORGANIZATION WERE ELIGIBLE TO RECEIVE DISCRETIONARY BONUSES FOR RETENTION AND TAKING ON EXTRA RESPONSIBILITIES.
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

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
12 August 2024
IRS schema version
2022v5.0
Source object
202412279349301681

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