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Nonprofiteer
← NORTHEASTERN VERMONT REGIONAL CORP

Form 990 for tax year 2024

Filed by NORTHEASTERN VERMONT REGIONAL CORP.

Totals

Total revenue
$2,249,649
Total expenses
$188,465
Contributions and grants received
$739,718
Grants paid
$0
Program service revenue
$1,481,914
Investment income
$28,017
Other revenue
$0
Total assets, end of year
$7,486,463
Total liabilities, end of year
$472,960
Net assets or fund balances, end of year
$7,013,503
Program services expenses (Part IX)
$186,733
Management and general expenses
$0
Fundraising expenses
$1,732
Program service expenses (Part III)
$186,733

Program services were 99.1% 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.

  • 1f · All other contributions, gifts and grants

    $739,718

  • 1g · Noncash contributions included above

    $9,622

  • 2a · Program service revenue: Rental Income

    total $1,470,067 · related or exempt $1,470,067

  • 2b · Program service revenue: Miscellaneous Revenue

    total $11,847 · related or exempt $11,847

  • 3 · Investment income

    total $28,017 · excluded $28,017

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,732 · fundraising $1,732

  • 13 · Office expenses

    total $667 · program services $667

  • 16 · Occupancy

    total $15,749 · program services $15,749

  • 22 · Depreciation, depletion and amortization

    total $170,317 · program services $170,317

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,080,762 · end of year $3,829,756

  • 3 · Pledges and grants receivable

    beginning of year $483,185 · end of year $336,184

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

    $4,737,266

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

    $3,206,525

  • 10c · Land, buildings and equipment, net

    beginning of year $1,590,030 · end of year $1,530,741

  • 11 · Investments: publicly traded securities

    beginning of year $832,958 · end of year $923,396

  • 15 · Other assets

    beginning of year $876,014 · end of year $866,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,805 · end of year $2,663

  • 19 · Deferred revenue

    beginning of year $0 · end of year $470,297

  • 27 · Net assets without donor restrictions

    beginning of year $4,160,921 · end of year $5,500,139

  • 28 · Net assets with donor restrictions

    beginning of year $4,616,223 · end of year $1,513,364

Mission and programs · 2024

Mission

To achieve openness, inclusiveness, and public participation through strategic planning and decision making in identifying ways to better meet the healthcare needs of the community.

Activities or mission (Part I)

To serve the healthcare needs of Vermont and northern New Hampshire.

  • Promote the charitable, educational and scientific purposes of Northeastern Vermont Regional Hospital, including to identify and serve the healthcare needs of the residents of Vermont and Northern New Hampshire by encouraging the development of healthcare programs and improving the delivery of healthcare services in the area; to encourage and support the practice of medicine and medical research and education; and to coordinate the activities of the corporation's affiliates to better serve the healthcare needs of the public.

    Expenses $186,733 · Revenue $1,481,913

As filed on the 2024 return.

Listed in Part VII

  • John Kascenska

    President of the Board, Past VP

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Warren Dow

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Dan Daley

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Sara Simpson

    Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Mark Bowen

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Susan Carr

    President of the Auxiliary

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Peter Crosby

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Steve Feltus

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Jennifer Harris

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Joe Kasprzak

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Steven McConnell

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Natalie Morris

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Hank Parker

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Thaddeus Richardson

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Kinsley Sicard

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Cynthia Stuart

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Roena Whitehill

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Dr Robert Grant

    Med Staff Vice President

    Total calculated
    $243,273
    From this org
    $0
    From related orgs
    $236,765
    Other
    $6,508
    Hours/week
    0.25 + 23 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,543 related
    Bonus
    $0 + $2,585 related
    Other
    $0 + $1,637 related
    Deferred
    $0 + $366 related
    Nontaxable benefits
    $0 + $6,142 related
    Filer's total
    $0 + $243,273 related

  • Dr Deborah Harrigan

    Med Staff President

    Total calculated
    $285,527
    From this org
    $0
    From related orgs
    $255,264
    Other
    $30,263
    Hours/week
    0.25 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,391 related
    Bonus
    $0 + $62,370 related
    Other
    $0 + $5,503 related
    Deferred
    $0 + $10,676 related
    Nontaxable benefits
    $0 + $19,587 related
    Filer's total
    $0 + $285,527 related

  • Dr Justin Katz

    Past Med Staff President Elect

    Total calculated
    $416,315
    From this org
    $0
    From related orgs
    $381,024
    Other
    $35,291
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,559 related
    Bonus
    $0
    Other
    $0 + $40,465 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $19,766 related
    Filer's total
    $0 + $416,315 related

  • Dr Amanda Van Straten

    Past Med Staff President

    Total calculated
    $336,072
    From this org
    $0
    From related orgs
    $303,818
    Other
    $32,254
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,921 related
    Bonus
    $0 + $22,993 related
    Other
    $0 + $10,904 related
    Deferred
    $0 + $12,207 related
    Nontaxable benefits
    $0 + $20,047 related
    Filer's total
    $0 + $336,072 related

  • John Goodrich

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Barbara Hatch

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Shawn Tester

    CEO

    Total calculated
    $426,214
    From this org
    $0
    From related orgs
    $389,415
    Other
    $36,799
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,833 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $1,582 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $21,274 related
    Filer's total
    $0 + $426,214 related

  • Andre Bissonnette

    CFO

    Total calculated
    $284,020
    From this org
    $0
    From related orgs
    $253,897
    Other
    $30,123
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,178 related
    Bonus
    $0
    Other
    $0 + $2,719 related
    Deferred
    $0 + $9,984 related
    Nontaxable benefits
    $0 + $20,139 related
    Filer's total
    $0 + $284,020 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The related organization, Northeastern Vermont Regional Hospital, uses the following methods to establish the compensation of the organization's CEO and CFO: 1. Compensation committee 2. Form 990 of the organizations 3. Compensation survey or study 4. Approval by the board or 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.

  • Charitable Remainder Trust (1)

    Deferred Annuity · VT · controlled entity

    Directly controlled by Northeastern Vermont Regional Corp

  • Northeast Health Enterprises Inc

    C · Inactive Corporation · VT · 100% owned · controlled entity

    Directly controlled by Northeastern Vermont Regional Corp

  • Northeast Regional Investment Development Corporation

    C · Inactive Corporation · VT · 100% owned · controlled entity

    Directly controlled by Northeastern Vermont Regional Corp

  • Northeast Vermont Health Care Systems Inc

    C · Inactive Corporation · VT · 100% owned · controlled entity

    Directly controlled by Northeastern Vermont Regional Corp

Provenance

Return type
form_990
Tax year
2024
Filed
6 August 2026
IRS schema version
2024v5.5
Source object
202642199349300029

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