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← CHAMPLAIN VALLEY PHYSICIANS HOSPITAL MEDICAL CENTER

Form 990 for tax year 2024

Filed by CHAMPLAIN VALLEY PHYSICIANS HOSPITAL MEDICAL CENTER.

Totals

Total revenue
$528,091,754
Total expenses
$528,544,119
Contributions and grants received
$2,599,816
Grants paid
$0
Program services expenses (Part IX)
$395,993,999
Management and general expenses
$132,550,120
Fundraising expenses
$0
Program service expenses (Part III)
$395,993,999

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ELIZABETH GOERLITZ-CORYER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BETSY VICENCIO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALEXANDER EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN MCAULIFFE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KELLY DONOGHUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINDA BOURGEOIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NEIL FESETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD WEBBER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHELLE GREGORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR THOMAS RECNY

    TREASURER THRU 12/24

    Total calculated
    $0
    Hours/week
    1

  • DR JOSEPH DONNERY DPM

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY RYAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GRAHAM NILES

    TREASURER AS OF 1/2025

    Total calculated
    $0
    Hours/week
    1

  • KARA STARK ELLIOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE LEBEAU

    PRESIDENT/CEO

    Total calculated
    $862,929
    From this org
    $729,287
    From related orgs
    $0
    Other
    $133,642
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $537,948
    Bonus
    $160,216
    Other
    $31,123
    Deferred
    $94,579
    Nontaxable benefits
    $39,063
    Filer's total
    $862,929

  • MATEJ KOLLAR

    VP/CFO

    Total calculated
    $428,686
    From this org
    $375,259
    From related orgs
    $0
    Other
    $53,427
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $293,228
    Bonus
    $58,290
    Other
    $23,741
    Deferred
    $17,241
    Nontaxable benefits
    $36,186
    Filer's total
    $428,686

  • DR RAMSEY HERRINGTON

    MG PRESIDENT & CEO

    Total calculated
    $777,218
    From this org
    $0
    From related orgs
    $703,586
    Other
    $73,632
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,293 related
    Bonus
    $0 + $174,675 related
    Other
    $0 + $67,618 related
    Deferred
    $0 + $31,050 related
    Nontaxable benefits
    $0 + $42,582 related
    Filer's total
    $0 + $777,218 related

  • MATTHEW JONES

    AVP OF PROFESSIONAL SERVICE

    Total calculated
    $263,236
    From this org
    $0
    From related orgs
    $244,550
    Other
    $18,686
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $204,794 related
    Bonus
    $0 + $35,180 related
    Other
    $0 + $4,576 related
    Deferred
    $0 + $6,332 related
    Nontaxable benefits
    $0 + $12,354 related
    Filer's total
    $0 + $263,236 related

  • DR JASON SANDERS

    UVMMG PRESIDENT & CEO TIL 3/25

    Total calculated
    $751,166
    From this org
    $0
    From related orgs
    $650,982
    Other
    $100,184
    Hours/week
    2 + 48 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

  • AMY PUTNAM

    VP MEDICAL GROUP NETWORK DEPARTMENTS

    Total calculated
    $383,472
    From this org
    $0
    From related orgs
    $326,449
    Other
    $57,023
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,923 related
    Bonus
    $0 + $49,912 related
    Other
    $0 + $28,614 related
    Deferred
    $0 + $19,634 related
    Nontaxable benefits
    $0 + $37,389 related
    Filer's total
    $0 + $383,472 related

  • CARLYN HAAG

    CHIEF NURSING OFFICER

    Total calculated
    $311,838
    From this org
    $288,820
    From related orgs
    $0
    Other
    $23,018
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,375
    Bonus
    $43,472
    Other
    $1,973
    Deferred
    $17,368
    Nontaxable benefits
    $5,650
    Filer's total
    $311,838

  • DANIEL CURILLA

    CRNA

    Total calculated
    $356,382
    From this org
    $299,776
    From related orgs
    $0
    Other
    $56,606
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $275,746
    Bonus
    $0
    Other
    $24,030
    Deferred
    $22,954
    Nontaxable benefits
    $33,652
    Filer's total
    $356,382

  • DENNIS ISECKE

    CRNA

    Total calculated
    $356,188
    From this org
    $294,614
    From related orgs
    $0
    Other
    $61,574
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $273,845
    Bonus
    $0
    Other
    $20,769
    Deferred
    $26,459
    Nontaxable benefits
    $35,115
    Filer's total
    $356,188

  • VINCENT LUDGEWIG

    PHARMACIST

    Total calculated
    $375,162
    From this org
    $322,976
    From related orgs
    $0
    Other
    $52,186
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $317,598
    Bonus
    $3,000
    Other
    $2,378
    Deferred
    $20,910
    Nontaxable benefits
    $31,276
    Filer's total
    $375,162

  • SHAWN ROGERS

    CHIEF TRANSFORMATION OFFICER

    Total calculated
    $352,367
    From this org
    $300,043
    From related orgs
    $0
    Other
    $52,324
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $250,339
    Bonus
    $45,920
    Other
    $3,784
    Deferred
    $24,619
    Nontaxable benefits
    $27,705
    Filer's total
    $352,367

  • BRENDA MURPHY

    CHIEF QUALITY & SAFETY OFFICER

    Total calculated
    $330,012
    From this org
    $293,553
    From related orgs
    $0
    Other
    $36,459
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $227,621
    Bonus
    $44,370
    Other
    $21,562
    Deferred
    $29,594
    Nontaxable benefits
    $6,865
    Filer's total
    $330,012

  • CARRIE HOWARD-CANNING

    FORMER NETWORK CHIEF NURSING OFFICER

    Total calculated
    $604,520
    From this org
    $0
    From related orgs
    $539,843
    Other
    $64,677
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,527 related
    Bonus
    $0 + $127,575 related
    Other
    $0 + $33,741 related
    Deferred
    $0 + $31,050 related
    Nontaxable benefits
    $0 + $33,627 related
    Filer's total
    $0 + $604,520 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 — 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

  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

PART I, LINE 3
CHAMPLAIN VALLEY PHYSICIANS HOSPITAL RELIED ON THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK"), THE PARENT ORGANIZATION, 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
THE UNIVERSITY OF VERMONT HEALTH NETWORK, BY AND THROUGH ITS AFFILIATED SUBSIDIARIES, MAINTAINS A SUPPLEMENTAL RETIREMENT BENEFIT PLAN (SRP) UNDER CONTRACTUAL ARRANGEMENTS WITH SEVERAL PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. PURSUANT TO THE TERMS OF THE SRP, ANNUAL CREDITS WERE MADE EQUAL TO A FIXED PERCENTAGE OF BASE SALARY. THE FOLLOWING PERSONS PARTICIPATED IN THE SRP IN CALENDAR YEAR 2024, AND THEIR RESPECTIVE FIXED PERCENTAGE IS DESIGNATED IN PARENTHESES: DR. JASON SANDERS (8.68%) AND MICHELLE LEBEAU (10.04%). 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. SRP DISTRIBUTIONS ARE REFLECTED IN SCH J, PART II, COL (B)(III) AND (F). FOR THE PLANS NOTED ABOVE, AMOUNTS DEFERRED DURING CALENDAR YEAR 2024 ARE INCLUDED ON SCH J, PART II, COL C. AMOUNTS DEFERRED REMAIN SUBJECT TO FOREITURE IF CERTAIN CONDITIONS ARE NOT MET.
PART I, LINE 7
CHAMPLAIN VALLEY PHYSICIANS HOSPITAL 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 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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602259349301000

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