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Nonprofiteer
← SOUTHWESTERN VERMONT HEALTH CARE FOUNDATION INC

Form 990 for tax year 2023

Filed by SOUTHWESTERN VERMONT HEALTH CARE FOUNDATION INC.

Totals

Total revenue
$12,419,853
Total expenses
$1,238,903
Contributions and grants received
$9,031,953
Grants paid
$217,650
Program service revenue
$0
Investment income
$3,624,715
Other revenue
-$236,815
Total assets, end of year
$33,917,902
Total liabilities, end of year
$1,265,852
Net assets or fund balances, end of year
$32,652,050
Program services expenses (Part IX)
$1,065,747
Management and general expenses
$173,156
Fundraising expenses
$0
Program service expenses (Part III)
$1,065,747

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREW W KING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES LAFIURA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRISTA GANNON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JASON DOHANEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KEITH MICHL

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MICHAEL MCKENNA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBY HARRINGTON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT SIEDEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS A DEE

    PRESIDENT/CEO SVHC

    Total calculated
    $1,084,408
    From this org
    $0
    From related orgs
    $716,001
    Other
    $368,407
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,030 related
    Bonus
    $0 + $230,683 related
    Other
    $0 + $43,288 related
    Deferred
    $0 + $335,832 related
    Nontaxable benefits
    $0 + $32,575 related
    Filer's total
    $0 + $1,084,408 related

  • THOMAS H GREEN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBERT LABA

    CFO/TREASURER

    Total calculated
    $97,214
    From this org
    $0
    From related orgs
    $97,113
    Other
    $101
    Hours/week
    1 + 39 related

  • LESLIE J KEEFE

    V.P. SVHC FOUNDATION

    Total calculated
    $297,301
    From this org
    $0
    From related orgs
    $279,215
    Other
    $18,086
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,763 related
    Bonus
    $0 + $17,985 related
    Other
    $0 + $467 related
    Deferred
    $0 + $17,985 related
    Nontaxable benefits
    $0 + $101 related
    Filer's total
    $0 + $297,301 related

  • STEPHEN MAJETICH

    FORMER OFFICER

    Total calculated
    $563,960
    From this org
    $0
    From related orgs
    $545,090
    Other
    $18,870
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,436 related
    Bonus
    $0 + $63,000 related
    Other
    $0 + $262,654 related
    Deferred
    $0 + $5,231 related
    Nontaxable benefits
    $0 + $13,639 related
    Filer's total
    $0 + $563,960 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 1A
TOP MANAGEMENT OFFICIAL COMPENSATION DETERMINATION: SOUTHWESTERN VERMONT MEDICAL CENTER, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CERTAIN LISTED INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN CALENDAR YEAR 2023. UNDER THE TERMS OF THE PLAN, THE INDIVIDUAL BECOMES VESTED IF THEY REMAINED EMPLOYED THROUGH A TARGETED DATE OF THE PLAN. AMOUNTS VESTED IN THE PLAN DURING THE REPORTING PERIOD ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMOUNTS SUBJECT TO VESTED REQUIREMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN(C) AND INCLUDED BELOW. THOMAS A. DEE: $327,832 LESLIE J. KEEFE: $17,985

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202522249349302502

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