Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $685,630

• 1f · All other contributions, gifts and grants

  $7,075

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $83,618,403 · related or exempt $83,618,403

• 2b · Program service revenue: FIXED PROSPECTIVE REVENUE

  total $10,304,980 · related or exempt $10,304,980

• 2c · Program service revenue: OTHER PATIENT SERVICE REVENUE

  total $2,432,609 · related or exempt $2,432,609

• 2d · Program service revenue: 340B PHARMACY

  total $2,066,053 · related or exempt $2,066,053

• 2e · Program service revenue: CAFETERIA

  total $263,218 · related or exempt $263,218

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,386,720 · excluded $1,386,720

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $2,855,962 · other assets $0

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

  securities $2,373,876 · other assets $10,435

• 7c · Gain or loss

  securities $482,086 · other assets -$10,435

• 7d · Net gain or loss

  total $471,651 · excluded $471,651

• 11a · Other revenue: ADMIN SERVICES

  total $6,020 · unrelated business $6,020

• 11b · Other revenue: HOUSEKEEPING

  total $5,137 · unrelated business $5,137

• 11c · Other revenue: LOSS ON INVEST IN EQUITY

  total -$125,611 · excluded -$125,611

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  -$114,454

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,508,097 · program services $1,810,772 · management and general $697,325

• 7 · Other salaries and wages

  total $44,422,319 · program services $34,902,924 · management and general $9,519,395

• 8 · Pension plan contributions

  total $1,805,606 · program services $1,429,191 · management and general $376,415

• 9 · Other employee benefits

  total $9,470,329 · program services $7,465,473 · management and general $2,004,856

• 10 · Payroll taxes

  total $3,060,531 · program services $2,405,203 · management and general $655,328

• 11a · Fees: management

  total $55,133 · management and general $55,133

• 11b · Fees: legal

  total $111,676 · management and general $111,676

• 11c · Fees: accounting

  total $199,365 · management and general $199,365

• 11f · Fees: investment management

  total $70,642 · management and general $70,642

• 11g · Fees: other

  total $16,382,713 · program services $16,364,560 · management and general $18,153 · fundraising $0

• 12 · Advertising and promotion

  total $149,342 · management and general $149,342

• 13 · Office expenses

  total $4,830,891 · program services $3,782,431 · management and general $1,048,460

• 14 · Information technology

  total $2,592 · program services $2,592

• 16 · Occupancy

  total $1,508,562 · program services $1,414,256 · management and general $94,306

• 17 · Travel

  total $88,730 · program services $83,117 · management and general $5,613

• 19 · Conferences, conventions and meetings

  total $120,443 · program services $120,443

• 20 · Interest

  total $877,724 · program services $783,236 · management and general $94,488

• 22 · Depreciation, depletion and amortization

  total $3,374,957 · program services $3,011,638 · management and general $363,319

• 23 · Insurance

  total $1,163,845 · management and general $1,163,845

• 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

  total $8,263,148 · program services $8,263,148

• 24b · Other expenses: PROVIDER TAX

  total $5,084,502 · program services $5,084,502

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $4,050,791 · program services $4,012,275 · management and general $38,516

• 24d · Other expenses: LICENSES, DUES, SUBSCRIPTION

  total $478,833 · program services $478,833

• 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 $612,497 · end of year $280,398

• 2 · Savings and temporary cash investments

  beginning of year $18,635,925 · end of year $13,371,388

• 3 · Pledges and grants receivable

  beginning of year $238,020 · end of year $41,414

• 4 · Accounts receivable

  beginning of year $26,765,731 · end of year $15,196,564

• 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 $2,753,147 · end of year $2,702,024

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,107,266 · end of year $965,263

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

  $81,186,062

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

  $58,879,253

• 10c · Land, buildings and equipment, net

  beginning of year $22,672,550 · end of year $22,306,809

• 11 · Investments: publicly traded securities

  beginning of year $37,213,910 · end of year $42,137,788

• 12 · Investments: other securities

  beginning of year $514,707 · end of year $389,499

• 13 · Investments: program-related

  beginning of year $990,416 · end of year $1,100,048

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $2,668,096 · end of year $3,819,142

• 17 · Accounts payable and accrued expenses

  beginning of year $28,851,753 · end of year $22,266,901

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $3,711,257 · end of year $21,926

• 20 · Tax-exempt bond liabilities

  beginning of year $13,548,055 · end of year $12,644,497

• 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 $4,510,718 · end of year $5,710,354

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $267,280 · end of year $1,740,021

• 27 · Net assets without donor restrictions

  beginning of year $58,385,496 · end of year $54,545,678

• 28 · Net assets with donor restrictions

  beginning of year $4,897,706 · end of year $5,380,960

The filer's explanations (Part III)

Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization

PHYSICIANS EARN COMPENSATION BASED UPON THEIR PRODUCTIVITY AGAINST ESTABLISHED TARGETS. INCREASED PRODUCTIVITY IS DIRECTLY RELATED TO INCREASED REVENUES FOR THE ORGANIZATION. VP/DIRECTOR INCENTIVES ARE ALSO BASED ON REVENUES AND PERFORMANCE.

Schedule J, Part I, Line 7 Non-fixed payments

THE SENIOR TEAM AND CERTAIN DOCTORS ARE GIVEN BONUSES BASED ON SPECIFIC PROGRAM PERFORMANCE.

Related partnerships

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

• NORTHEAST KINGDOM HLTHCARE COL

  Related · SLEEP LAB SVC · VT · 60% owned · share of income -$64,775 · share of assets $976,514 · general or managing partner

  Directly controlled by NA