Form 990 for tax year 2023

Filed by RUTLAND REGIONAL HEALTH SERVICES.

Totals

Total revenue: $3,296,623
Total expenses: $1,737,622
Contributions and grants received: $105,818
Grants paid: $0
Program service revenue: $1,267,782
Investment income: $2,169,745
Other revenue: -$246,722
Total assets, end of year: $36,646,942
Total liabilities, end of year: $4,704,342
Net assets or fund balances, end of year: $31,942,600
Program services expenses (Part IX): $1,479,210
Management and general expenses: $258,412
Fundraising expenses: $0
Program service expenses (Part III): $1,479,210

Program services were 85.1% 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

$105,818
2a · Program service revenue: NET PATIENT SERVICE REVENUE

total $1,025,583 · related or exempt $1,025,583
2b · Program service revenue: LIFELINE REVENUE

total $218,584 · related or exempt $218,584
2c · Program service revenue: AFFILIATED ORGANIZATION RENT

total $23,615 · related or exempt $23,615
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $945,420 · excluded $945,420
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $2,177,224
7b · Less cost or other basis and sales expenses

securities $952,899
7c · Gain or loss

securities $1,224,325 · other assets $0
7d · Net gain or loss

total $1,224,325 · excluded $1,224,325
11a · Other revenue: LOSS ON INVESTMENT IN EQUITY INVESTEE

total -$5,522 · excluded -$5,522
11b · Other revenue: LOSS ON EXTINGUISHMENT OF DEBT

total -$241,200 · excluded -$241,200
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

-$246,722

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $0 · program services $0
7 · Other salaries and wages

total $610,210 · program services $493,519 · management and general $116,691
9 · Other employee benefits

total $116,786 · program services $88,759 · management and general $28,027
10 · Payroll taxes

total $35,611 · program services $28,293 · management and general $7,318
11b · Fees: legal

total $787 · management and general $787
11c · Fees: accounting

total $36,604 · management and general $36,604
11f · Fees: investment management

total $28,388 · management and general $28,388
11g · Fees: other

total $723,293 · program services $688,894 · management and general $34,399 · fundraising $0
13 · Office expenses

total $7,685 · program services $7,159 · management and general $526
16 · Occupancy

total $5,025 · program services $2,545 · management and general $2,480
17 · Travel

total $4,635 · program services $4,635
19 · Conferences, conventions and meetings

total $89,451 · program services $86,279 · management and general $3,172
23 · Insurance

total $415 · program services $395 · management and general $20
24a · Other expenses: MEDICAL SUPPLIES & DRUGS

total $52,254 · program services $52,254
24b · Other expenses: REPAIRS & MAINTENANCE

total $26,478 · program services $26,478
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $1,654,401 · end of year $1,499,850
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $33,675 · end of year $24,541
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,050,623 · end of year $388,272
10a · Land, buildings and equipment: cost or other basis

$522,363
10b · Land, buildings and equipment: accumulated depreciation

$292,914
10c · Land, buildings and equipment, net

beginning of year $229,449 · end of year $229,449
11 · Investments: publicly traded securities

beginning of year $27,873,667 · end of year $34,504,830
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $241,200 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $70,920 · end of year $112,631
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $5,178,373 · end of year $4,591,711
27 · Net assets without donor restrictions

beginning of year $25,833,722 · end of year $31,942,600
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH OF THE RUTLAND REGION & SURROUNDING COMMUNITIES BY PROVIDING APPROPRIATE, SUPERIOR, INTEGRATED, PREVENTATIVE, DIAGNOSTIC & THERAPEUTIC HEALTH SERVICES IN A CARING ENVIRONMENT THROUGH THE STRENGTH OF OUR PEOPLE, TECHNOLOGY & RELATIONSHIPS.

Activities or mission (Part I)

RRHS IS A COLLABORATIVE SYSTEM OF HEALTHCARE PROVIDERS OFFERING PRIMARY CARE, INPATIENT AND OUTPATIENT ACUTE CARE, REHABILITATION AND ASSISTED LIVING HOUSING.

RESPIRATORY SERVICES PROVIDED AT THE PINES - THE PINES AT RUTLAND CENTER FOR NURSING AND REHABILITATION, IS AFFILIATED WITH NATIONAL HEALTHCARE ASSOCIATES, A LEADING PROVIDER OF REHABILITATION AND LONG TERM CARE SERVICES IN THE NORTHEAST. NATIONAL AFFILIATED FACILITIES ARE DEDICATED TO THE PRINCIPLES OF KINDNESS, COMPASSION, SERVICE, AND EXCELLENCE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Expenses $1,075,897 · Revenue $1,049,198
LIFELINE - RUTLAND REGIONAL MEDICAL CENTER'S LIFELINE PROGRAM IS A PERSONAL RESPONSE SYSTEM WHICH ALLOWS SUBSCRIBERS TO REMAIN IN THEIR HOMES, YET HAVE HELP AVAILABLE AT THE TOUCH OF A BUTTON, 24 HOURS A DAY, 7 DAYS A WEEK. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Expenses $213,936 · Revenue $218,584
THE BRIDGES AND BEYOND PROGRAM OFFERS TRANSPORTATION SERVICES TO QUALIFIED PATIENTS LIVING IN RUTLAND COUNTY FOR DOCTOR'S APPOINTMENTS, PHARMACY VISITS AND SHOPPING AND ERRANDS BASED ON AVAILABILITY. BRIDGES AND BEYOND RIDE SERVICES ARE PROVIDED BY VOLUNTEERS WHO HAVE BEEN TRAINED AND SCREENED BY THE HOSPITAL. WHILE BRIDGES AND BEYOND TRIES TO ACCOMMODATE ALL REQUESTS, OUR ABILITY TO DO SO IS LIMITED BY VOLUNTEER AVAILABILITY, AND PRIORITIES GIVEN TO MEDICAL APPOINTMENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Expenses $189,377

As filed on the 2023 return.

Listed in Part VII

Denise A Clark

Vice Chair End 04/24; Chair Beg 04/24

Total calculated

$0

Hours/week

1 + 1 related
Joan F Gamble

Secretary End 04/24; Vice Chair Beg 04/24

Total calculated

$0

Hours/week

1 + 1 related
Margo Jones

Director End 04/24; Secretary Beg 04/24

Total calculated

$0

Hours/week

1 + 1 related
Mark K Foley Jr

Chair End 04/24; Director Beg 04/24

Total calculated

$0

Hours/week

1 + 1 related
Bill Olsen

Director

Total calculated

$0

Hours/week

1 + 1 related
Daniel Doenges

Director

Total calculated

$0

Hours/week

1 + 1 related
Dick Courcelle

Director End 04/24

Total calculated

$0

Hours/week

1 + 1 related
Edward J Merrens MD

Director End 04/24

Total calculated

$0

Hours/week

1 + 1 related
Joseph Kraus

Director End 04/24

Total calculated

$0

Hours/week

1 + 1 related
Mark Alderman

Director Begin 04/24

Total calculated

$0

Hours/week

1 + 1 related
Mary M Beerworth MD

Director

Total calculated

$0

Hours/week

1 + 1 related
Matt Kinsman

Director

Total calculated

$0

Hours/week

1 + 1 related
Michael Dimeola MD

Director End 04/24

Total calculated

$592,925

From this org

$0

From related orgs

$563,991

Other

$28,934

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $517,001 related

Bonus

$0 + $42,000 related

Other

$0 + $4,990 related

Deferred

$0 + $18,266 related

Nontaxable benefits

$0 + $10,668 related

Filer's total

$0 + $592,925 related
Michael Gardner

Director End 04/24

Total calculated

$0

Hours/week

1 + 1 related
Michele Nelson

Director

Total calculated

$0

Hours/week

1 + 1 related
Paul Gallo

Director

Total calculated

$0

Hours/week

1 + 1 related
Phillip R Lapp MD

Director End 05/24

Total calculated

$485,434

From this org

$0

From related orgs

$421,270

Other

$64,164

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $304,102 related

Bonus

$0 + $91,674 related

Other

$0 + $25,494 related

Deferred

$0 + $34,650 related

Nontaxable benefits

$0 + $29,514 related

Filer's total

$0 + $485,434 related
Robert Riley

Director End 10/23

Total calculated

$0

Hours/week

1 + 1 related
S Patrick Bender MD

Director End 11/23

Total calculated

$0

Hours/week

1 + 1 related
Sara King

Director End 04/24

Total calculated

$0

Hours/week

1 + 1 related
Jennifer A Bertrand

CFO Beg 12/23

Total calculated

$13,462

From this org

$0

From related orgs

$13,462

Other

$0

Hours/week

1 + 40 related
Judi K Fox

INTERIM CFO END 12/23; PRESIDENT / CEO

Total calculated

$737,373

From this org

$0

From related orgs

$635,518

Other

$101,855

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $631,482 related

Bonus

$0 + $1,414 related

Other

$0 + $2,622 related

Deferred

$0 + $67,400 related

Nontaxable benefits

$0 + $34,455 related

Filer's total

$0 + $737,373 related
Claudio Fort

Former President / CEO

Total calculated

$844,931

From this org

$0

From related orgs

$834,628

Other

$10,303

Hours/week

0

Schedule J breakdown matched by us

Base

$0 + $71,096 related

Bonus

$0

Other

$0 + $763,532 related

Deferred

$0 + $10,303 related

Nontaxable benefits

$0

Filer's total

$0 + $844,931 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

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
5a · Pay contingent on this organization's revenues

Answered no

4c · Equity-based compensation arrangement
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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: RUTLAND REGIONAL MEDICAL CENTER, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF RUTLAND REGIONAL HEALTH SERVICES' MANAGEMENT OFFICIAL: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4a Severance or change-of-control payment: DURING 2023, CLAUDIO FORT RECEIVED A SEVERANCE PAYMENT OF $741,125.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan: RUTLAND REGIONAL MEDICAL CENTER, A RELATED PARTY OF THE ORGANIZATION, COVERS CLAUDIO D. FORT AND JUDI K FOX WITH A 457(F) SUPPLEMENTAL RETIREMENT AGREEMENT (SERP). IN THE CURRENT YEAR, A CONTRIBUTION IN THE AMOUNT OF $7,106 FOR CLAUDIO FORT AND A CONTRIBUTION WAS MADE IN THE AMOUNT OF $32,750 FOR JUDI K. FOX.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization: PHYSICIANS EARN COMPENSATION BASED UPON THEIR PRODUCTIVITY AGAINST PRIOR YEAR BENCHMARKS. INCREASED PRODUCTIVITY IS DIRECTLY RELATED TO INCREASED REVENUES FOR THE ORGANIZATION.

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.

RUTLAND REGIONAL MEDICAL CENTER

501(c)(3) · HOSPITAL · VT · controlled entity

Directly controlled by RRHS

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

THE MEADOWS AT EAST MOUNTAIN

Related · ELDER CARE · VT · 50% owned · share of income $65,161 · share of assets $1,707,656

Directly controlled by RRHS
THE GABLES AT EAST MOUNTAIN

Related · ELDER CARE · VT · 50% owned · share of income $89,888 · share of assets $1,054,496

Directly controlled by RRHS

Provenance

Return type: form_990
Tax year: 2023
Filed: 11 August 2025
IRS schema version: 2023v6.0
Source object: 202512239349302351

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