Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $100,468

• 1f · All other contributions, gifts and grants

  $46,630

• 2a · Program service revenue: CRITICAL ACCESS HOSPITAL

  total $62,098,253 · related or exempt $62,098,253

• 2b · Program service revenue: 340B REVENUE

  total $2,380,631 · related or exempt $2,380,631

• 2c · Program service revenue: MEANINGFUL USE INCOME

  total $1,375,914 · related or exempt $1,375,914

• 3 · Investment income

  total $470,196 · excluded $470,196

• 6a · Gross rents

  real property $159,368

• 6b · Less rental expenses

  real property $353,352

• 6c · Rental income or loss

  real property -$193,984

• 6d · Net rental income or loss

  total -$193,984 · unrelated business -$219,952 · excluded $25,968

• 7a · Gross sales of assets other than inventory

  securities $4,715,170

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

  securities $5,743,418

• 7c · Gain or loss

  securities -$1,028,248

• 7d · Net gain or loss

  total -$1,028,248 · excluded -$1,028,248

• 8a · Fundraising events: gross income

  $20,245

• 8b · Fundraising events: direct expenses

  $7,491

• 8c · Net income from fundraising events

  total $12,754 · excluded $12,754

• 11d · All other revenue

  total $1,254,675 · related or exempt $1,254,675

• 11e · Other revenue, total

  $1,254,675

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,692,955 · management and general $1,692,955

• 7 · Other salaries and wages

  total $28,850,416 · program services $25,556,439 · management and general $3,293,977

• 8 · Pension plan contributions

  total $1,028,019 · program services $868,469 · management and general $159,550

• 9 · Other employee benefits

  total $3,695,503 · program services $2,959,737 · management and general $735,766

• 10 · Payroll taxes

  total $1,798,065 · program services $1,489,438 · management and general $308,627

• 11b · Fees: legal

  total $166,682 · management and general $166,682

• 11c · Fees: accounting

  total $209,072 · management and general $209,072

• 11f · Fees: investment management

  total $18,300 · management and general $18,300

• 11g · Fees: other

  total $5,538,413 · program services $1,799,029 · management and general $3,739,384

• 13 · Office expenses

  total $7,905,983 · program services $7,438,375 · management and general $467,608

• 16 · Occupancy

  total $935,290 · program services $206,053 · management and general $729,237

• 17 · Travel

  total $311,619 · program services $222,318 · management and general $89,301

• 19 · Conferences, conventions and meetings

  total $10,055 · program services $10,055

• 20 · Interest

  total $398,379 · program services $322,492 · management and general $75,887

• 22 · Depreciation, depletion and amortization

  total $3,511,330 · program services $2,844,177 · management and general $667,153

• 23 · Insurance

  total $506,824 · program services $506,824

• 24a · Other expenses: BAD DEBT EXPENSE

  total $3,275,498 · program services $3,275,498

• 24b · Other expenses: OTHER EXPENSES

  total $578,288 · program services $202,084 · management and general $376,204

• 24c · Other expenses: PROVIDER TAX

  total $192,156 · program services $192,156

• 24d · Other expenses: BOOK, DUES, AND SUBSCRI

  total $151,700 · program services $98,499 · management and general $53,201

• 24e · All other expenses

  total $21 · program services $21

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,452,384 · end of year $5,759,122

• 2 · Savings and temporary cash investments

  beginning of year $20,820,018 · end of year $7,233,096

• 3 · Pledges and grants receivable

  beginning of year $1,750

• 4 · Accounts receivable

  beginning of year $9,754,409 · end of year $10,958,047

• 8 · Inventories for sale or use

  beginning of year $850,159 · end of year $952,295

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,092,615 · end of year $925,010

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

  $59,068,657

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

  $28,772,712

• 10c · Land, buildings and equipment, net

  beginning of year $33,639,909 · end of year $30,295,945

• 11 · Investments: publicly traded securities

  end of year $25,436,001

• 12 · Investments: other securities

  beginning of year $3,965,295

• 15 · Other assets

  beginning of year $1,915,888 · end of year $1,312,176

• 17 · Accounts payable and accrued expenses

  beginning of year $5,303,829 · end of year $5,394,247

• 19 · Deferred revenue

  beginning of year $47,421 · end of year $31,343

• 23 · Secured mortgages and notes payable

  beginning of year $13,240,005 · end of year $12,412,204

• 25 · Other liabilities

  beginning of year $10,760,819 · end of year $9,490,110

• 27 · Net assets without donor restrictions

  beginning of year $47,108,782 · end of year $54,363,351

• 28 · Net assets with donor restrictions

  beginning of year $1,031,571 · end of year $1,180,437

The filer's explanations (Part III)

PART I, LINE 1B

(1A) PERSONAL SERVICE COMPENSATION CERTAIN UVM MEDICAL CENTER OFFICERS, TRUSTEES, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES RECEIVED COMPENSATION OF $1,400 TO COVER TAX PREPARATION AND FINANCIAL ADVISORY SERVICES. WHILE THERE IS NO ORGANIZATION-WIDE WRITTEN POLICY REGARDING SUCH PAYMENTS, THE AMOUNT IS INCLUDED IN EACH INDIVIDUAL'S EMPLOYMENT CONTRACT, WHICH IS SUBJECT TO ANNUAL REVIEW (AS DISCUSSED IN SCHEDULE O). PERSONAL SERVICE COMPENSATION IS INCLUDED IN EACH INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME. NO REIMBURSEMENT IS MADE UNDER AN ACCOUNTABLE PLAN AND THE COMPENSATION IS OFFERED ON A TAXABLE BASIS. THEREFORE, SUBSTANTIATION OF EXPENSE IS NOT REQUIRED.

PART I, LINE 3

IN ADDITION TO THE TOOLS AND PROCESSES IDENTIFIED IN PART I, ELIZABETHTOWN COMMUNITY HOSPITAL RECEIVES GUIDANCE REGARDING ITS PRESIDENT'S COMPENSATION FROM THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF VERMONT HEALTH NETWORK, WHICH IS THE SOLE MEMBER OF THE HOSPITAL. THAT NETWORK COMPENSATION COMMITTEE UTILIZES THE FOLLOWING METHODS TO ESTABLISH THAT GUIDANCE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 7

ELIZABETHTOWN COMMUNITY HOSPITAL 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 REVIWED 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• UVMHN VENTURES INC

  C · HOLDING COMPANY · VT

  Directly controlled by UVMHN

• UNIV OF VT MED HEALTH NETWORK CREDENTIALING & ENROLLMENT

  C · ADMIN SVC · VT

  Directly controlled by UVMHN VENTURES

• CHARITABLE REMAINDER TRUST (6)

  T · SUPPORT · VT

  Directly controlled by UVMMCCVMC

• PERPETUAL TRUST (10)

  T · SUPPORT · VT

  Directly controlled by UVMMC

• CHARITABLE IRREVOCABLE TRUST (8)

  T · SUPPORT · VT

  Directly controlled by UVMMCCVMC

• CHAMPLAIN VALLEY HEALTH NETWORK

  C · ADMIN SVC · NY

• MEDIQUEST INC

  C · MED OFFICE LEASE · NY

• YANKEE MEDICAL INC

  C · HOME MEDICAL EQUIPMENT · VT

  Directly controlled by UVMHN