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Nonprofiteer
← SOUTHWESTERN VERMONT HEALTH CARE CORPORATION

Form 990 for tax year 2024

Filed by SOUTHWESTERN VERMONT HEALTH CARE CORPORATION.

Totals

Total revenue
$14,329,248
Total expenses
$4,474,450
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,928,971
Investment income
$10,390,277
Other revenue
$10,000
Total assets, end of year
$92,330,504
Total liabilities, end of year
$6,258,700
Net assets or fund balances, end of year
$86,071,804
Program services expenses (Part IX)
$3,555,468
Management and general expenses
$918,982
Fundraising expenses
$0
Program service expenses (Part III)
$3,555,468

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRIAN BAREFOOT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CAROL CONROY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • THOMAS A DEE

    CEO

    Total calculated
    $806,849
    From this org
    $0
    From related orgs
    $665,360
    Other
    $141,489
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $529,163 related
    Bonus
    $0 + $122,093 related
    Other
    $0 + $14,104 related
    Deferred
    $0 + $108,000 related
    Nontaxable benefits
    $0 + $33,489 related
    Filer's total
    $0 + $806,849 related

  • DIMITRI GARDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WAYNE GRANQUIST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • THOMAS H GREEN III

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KRISTYN HARRINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CONNIE JASTREMSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEPHEN KELLY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ANGIE MARANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KEITH MICHL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRISTINE MILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRIAN G O'GRADY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ROBERT VAN DEGNA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GEORGE KEADY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MATTHEW STANISHEWSKI

    TRUSTEE

    Total calculated
    $370,891
    From this org
    $0
    From related orgs
    $321,078
    Other
    $49,813
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,898 related
    Bonus
    $0
    Other
    $0 + $23,180 related
    Deferred
    $0 + $19,734 related
    Nontaxable benefits
    $0 + $30,079 related
    Filer's total
    $0 + $370,891 related

  • STEPHAN LEBLANC

    TRUSTEE

    Total calculated
    $1,070,249
    From this org
    $0
    From related orgs
    $1,016,111
    Other
    $54,138
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $733,963 related
    Bonus
    $0 + $155,000 related
    Other
    $0 + $127,148 related
    Deferred
    $0 + $32,970 related
    Nontaxable benefits
    $0 + $21,168 related
    Filer's total
    $0 + $1,070,249 related

  • EDWARD MERRENS MD

    TRUSTEE

    Total calculated
    $1,097,619
    From this org
    $0
    From related orgs
    $1,051,727
    Other
    $45,892
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $796,803 related
    Bonus
    $0 + $165,000 related
    Other
    $0 + $89,924 related
    Deferred
    $0 + $32,970 related
    Nontaxable benefits
    $0 + $12,922 related
    Filer's total
    $0 + $1,097,619 related

  • REIJA RAWLE MD

    TRUSTEE

    Total calculated
    $143,046
    From this org
    $0
    From related orgs
    $133,864
    Other
    $9,182
    Hours/week
    1 + 2 related

  • TOVE STIGUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ROBERT LABA

    CFO/TREASURER

    Total calculated
    $385,459
    From this org
    $0
    From related orgs
    $381,669
    Other
    $3,790
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,700 related
    Bonus
    $0
    Other
    $0 + $58,969 related
    Deferred
    $0 + $3,564 related
    Nontaxable benefits
    $0 + $226 related
    Filer's total
    $0 + $385,459 related

  • MARK EPLER

    PHYSICAL THERAPIST

    Total calculated
    $150,854
    From this org
    $111,671
    From related orgs
    $0
    Other
    $39,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,120
    Bonus
    $0
    Other
    $551
    Deferred
    $4,763
    Nontaxable benefits
    $34,420
    Filer's total
    $150,854

  • STEPHEN D MAJETICH

    FORMER OFFICER

    Total calculated
    $273,605
    From this org
    $0
    From related orgs
    $273,404
    Other
    $201
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $47,250 related
    Other
    $0 + $226,154 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $201 related
    Filer's total
    $0 + $273,605 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

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 1, LINE 3
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 1, LINE 4B
SUPPLEMENTAL NONQIALIFIED RETIREMENT PLAN: CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPESATION ARRANGEMENT. UNDER THE TERMS OF THE PLAN THE INDIVIDUAL WILL BECOME VESTED IN THE PLAN IF THEY REMAIN EMPLOYED THROUGH A TARGETED DATE PURSUANT TO THE PLAN. NO AMOUNTS VESTED IN CALENDAR YEAR 2024 AND AMOUNTS CREDITED UNDER THE PLAN ARE INCLUDED IN FORM 990, PART VII, SECTION A. THOMAS DEE - $100,000

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SVHC-NY LLC

    HEALTHCARE · VT · income $1,761,127 · assets $2,483,281

    Directly controlled by SVHC

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612159349300186

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