Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $288,531

• 1e · Government grants (contributions)

  $2,980,483

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

  total $180,421,338 · related or exempt $180,421,338

• 2b · Program service revenue: FIXED PROSPECTIVE REV

  total $29,609,758 · related or exempt $29,609,758

• 2c · Program service revenue: PHARMACY

  total $7,843,782 · related or exempt $7,843,782

• 2d · Program service revenue: PROGRAM INCENTIVES

  total $974,875 · related or exempt $974,875

• 2f · All other program service revenue

  total $3,527,965 · related or exempt $3,527,965

• 3 · Investment income

  total $457,537 · excluded $457,537

• 6a · Gross rents

  real property $10,200

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,200

• 6d · Net rental income or loss

  total $10,200 · excluded $10,200

• 7a · Gross sales of assets other than inventory

  securities $2,660,377 · other assets $7,260

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

  securities $0 · other assets $6,122

• 7c · Gain or loss

  securities $2,660,377 · other assets $1,138

• 7d · Net gain or loss

  total $2,661,515 · excluded $2,661,515

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,000 · program services $8,000

• 5 · Compensation of officers, directors and key employees

  total $2,882,387 · program services $506,337 · management and general $2,376,050

• 7 · Other salaries and wages

  total $61,267,934 · program services $51,267,930 · management and general $10,000,004

• 8 · Pension plan contributions

  total $2,084,036 · program services $1,664,379 · management and general $419,657

• 9 · Other employee benefits

  total $13,815,123 · program services $11,549,430 · management and general $2,265,693

• 10 · Payroll taxes

  total $4,519,956 · program services $3,692,803 · management and general $827,153

• 11a · Fees: management

  total $702,811 · management and general $702,811

• 11b · Fees: legal

  total $141,303 · management and general $141,303

• 11c · Fees: accounting

  total $210,173 · management and general $210,173

• 11f · Fees: investment management

  total $62,109 · management and general $62,109

• 11g · Fees: other

  total $57,907,128 · program services $56,240,536 · management and general $1,666,592

• 12 · Advertising and promotion

  total $338,106 · program services $12,990 · management and general $325,116

• 14 · Information technology

  total $3,626,296 · program services $997,221 · management and general $2,629,075

• 16 · Occupancy

  total $4,637,753 · program services $3,972,101 · management and general $665,652

• 17 · Travel

  total $388,065 · program services $365,088 · management and general $22,977

• 19 · Conferences, conventions and meetings

  total $19,376 · program services $1,461 · management and general $17,915

• 20 · Interest

  total $1,949,203 · program services $1,776,074 · management and general $173,129

• 22 · Depreciation, depletion and amortization

  total $6,388,994 · program services $6,053,729 · management and general $335,265

• 23 · Insurance

  total $1,079,537 · program services $6,184 · management and general $1,073,353

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $32,237,110 · program services $30,071,273 · management and general $2,165,837

• 24b · Other expenses: PROVIDER TAX

  total $11,297,331 · program services $11,297,331

• 24c · Other expenses: ALL OTHER EXPENSES

  total $8,362,572 · program services $6,639,320 · management and general $1,723,252

• 24d · Other expenses: BAD DEBTS

  total $8,061,691 · program services $8,061,691

• 24e · All other expenses

  total $3,321,784 · program services $1,279,819 · management and general $2,041,965

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $468,684 · end of year $364,851

• 2 · Savings and temporary cash investments

  beginning of year $10,579,224 · end of year $5,773,013

• 4 · Accounts receivable

  beginning of year $17,671,010 · end of year $18,272,821

• 8 · Inventories for sale or use

  beginning of year $3,965,610 · end of year $3,663,615

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,638,379 · end of year $2,336,093

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

  $73,303,406

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

  $5,550,740

• 10c · Land, buildings and equipment, net

  beginning of year $62,106,995 · end of year $67,752,666

• 11 · Investments: publicly traded securities

  beginning of year $17,708,893 · end of year $24,435,697

• 15 · Other assets

  beginning of year $9,503,580 · end of year $12,364,393

• 17 · Accounts payable and accrued expenses

  beginning of year $29,816,876 · end of year $18,173,981

• 19 · Deferred revenue

  beginning of year $317,364 · end of year $487,708

• 20 · Tax-exempt bond liabilities

  beginning of year $27,264,970 · end of year $24,961,333

• 23 · Secured mortgages and notes payable

  beginning of year $13,857,900 · end of year $12,950,000

• 25 · Other liabilities

  beginning of year $9,798,694 · end of year $24,484,759

• 27 · Net assets without donor restrictions

  beginning of year $44,586,571 · end of year $53,905,368

The filer's explanations (Part III)

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 2023 AND AMOUNTS CREDITED UNDER THE PLAN ARE INCLUDED IN FORM 990, PART VII, SECTION A. THOMAS DEE - $327,832, PAM DUCHENE - $63,136, LESLIE KEEFE - $17,985, RICH OGILVIE - $11,018

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