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Nonprofiteer
← THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC

Form 990 for tax year 2022

Filed by THE UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP INC.

Totals

Total revenue
$352,661,914
Total expenses
$352,661,914
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$352,661,914
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$352,661,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$352,661,914

Program services were 100.0% 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.

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $352,661,914 · related or exempt $352,661,914

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $6,305,084 · program services $6,305,084

  • 6 · Compensation of disqualified persons

    total $1,884,606 · program services $1,884,606

  • 7 · Other salaries and wages

    total $294,960,707 · program services $294,960,707

  • 8 · Pension plan contributions

    total $17,406,202 · program services $17,406,202

  • 9 · Other employee benefits

    total $18,657,743 · program services $18,657,743

  • 10 · Payroll taxes

    total $13,447,572 · program services $13,447,572

Balance sheet

Part X, book values.

  • 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 · 2022

Mission

SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS WHO ARE EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS (THE "AFFILIATED HOSPITALS") OF THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK").

Activities or mission (Part I)

SERVE AS THE GOVERNING ORGANIZATION FOR PHYSICIANS EMPLOYED TO PROVIDE CLINICAL SERVICES TO AFFILIATED MEMBER HOSPITALS OF THE UNIVERSITY OF VERMONT HEALTH NETWORK.

  • SEE SCHEDULE O

    Expenses $352,661,914 · Revenue $352,661,914

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Wajih Aksamawati Dit Arja

    DIRECTOR

    Total calculated
    $696,844
    From this org
    $633,170
    From related orgs
    $0
    Other
    $63,674
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $611,369
    Bonus
    $0
    Other
    $21,801
    Deferred
    $18,300
    Nontaxable benefits
    $45,374
    Filer's total
    $696,844

  • Rachel Lee Cummings

    DIRECTOR (TIL 12/2022)

    Total calculated
    $0
    Hours/week
    2

  • Dr Kristen Destigter 1

    SECRETARY (TIL 12/2022)

    Total calculated
    $663,835
    From this org
    $601,942
    From related orgs
    $0
    Other
    $61,893
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $496,471
    Bonus
    $75,922
    Other
    $29,549
    Deferred
    $27,450
    Nontaxable benefits
    $34,443
    Filer's total
    $663,835

  • Dr Lewis R First 1

    DIRECTOR

    Total calculated
    $467,855
    From this org
    $405,660
    From related orgs
    $0
    Other
    $62,195
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $334,942
    Bonus
    $53,045
    Other
    $17,673
    Deferred
    $36,000
    Nontaxable benefits
    $26,195
    Filer's total
    $467,855

  • Dr Mark Fung 1

    DIRECTOR

    Total calculated
    $332,420
    From this org
    $301,216
    From related orgs
    $0
    Other
    $31,204
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $298,391
    Bonus
    $0
    Other
    $2,825
    Deferred
    $26,855
    Nontaxable benefits
    $4,349
    Filer's total
    $332,420

  • Dr Stuart Hoffman

    SECRETARY (AS OF 12/2022)

    Total calculated
    $555,724
    From this org
    $535,264
    From related orgs
    $0
    Other
    $20,460
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $409,085
    Bonus
    $0
    Other
    $126,179
    Deferred
    $11,105
    Nontaxable benefits
    $9,355
    Filer's total
    $555,724

  • Dr Gregory Holmes 1

    DIRECTOR

    Total calculated
    $290,569
    From this org
    $262,979
    From related orgs
    $0
    Other
    $27,590
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $206,059
    Bonus
    $48,839
    Other
    $8,081
    Deferred
    $24,750
    Nontaxable benefits
    $2,840
    Filer's total
    $290,569

  • Helen Labun

    DIRECTOR (TIL 5/2023)

    Total calculated
    $0
    Hours/week
    2

  • Amit Lodha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Claude Nichols 1

    DIRECTOR

    Total calculated
    $755,929
    From this org
    $713,428
    From related orgs
    $0
    Other
    $42,501
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $547,801
    Bonus
    $83,482
    Other
    $82,145
    Deferred
    $36,600
    Nontaxable benefits
    $5,901
    Filer's total
    $755,929

  • Dr Thomas Peterson 1

    CHAIR (TIL 12/2022)

    Total calculated
    $398,242
    From this org
    $358,576
    From related orgs
    $0
    Other
    $39,666
    Hours/week
    34 + 1 related

    Schedule J breakdown matched by us

    Base
    $292,270
    Bonus
    $42,532
    Other
    $23,774
    Deferred
    $35,380
    Nontaxable benefits
    $4,286
    Filer's total
    $398,242

  • Dr William Raszka Jr 1

    CHAIR (AS OF 1/2023)

    Total calculated
    $99,287
    From this org
    $69,584
    From related orgs
    $0
    Other
    $29,703
    Hours/week
    45

  • Dr Jason Sanders

    PRESIDENT & CEO

    Total calculated
    $607,582
    From this org
    $0
    From related orgs
    $534,863
    Other
    $72,719
    Hours/week
    42 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,705 related
    Bonus
    $0 + $141,874 related
    Other
    $0 + $37,284 related
    Deferred
    $0 + $39,869 related
    Nontaxable benefits
    $0 + $32,850 related
    Filer's total
    $0 + $607,582 related

  • Dr Natasha Withers

    VICE CHAIR (TIL 12/2022)

    Total calculated
    $330,220
    From this org
    $268,461
    From related orgs
    $0
    Other
    $61,759
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $253,020
    Bonus
    $7,370
    Other
    $8,071
    Deferred
    $16,169
    Nontaxable benefits
    $45,590
    Filer's total
    $330,220

  • Megan Buckley

    DIRECTOR (AS OF 8/2023)

    Total calculated
    $0
    Hours/week
    2

  • Edward Carroll

    DIRECTOR (AS OF 3/2023)

    Total calculated
    $0
    Hours/week
    2

  • Dr Teresa Fama

    VICE CHAIR (AS OF 1/2023)

    Total calculated
    $362,045
    From this org
    $329,002
    From related orgs
    $0
    Other
    $33,043
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $303,762
    Bonus
    $22,337
    Other
    $2,903
    Deferred
    $18,300
    Nontaxable benefits
    $14,743
    Filer's total
    $362,045

  • Dr Ramsey Herrington 1

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $585,442
    From this org
    $517,061
    From related orgs
    $0
    Other
    $68,381
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $437,293
    Bonus
    $63,366
    Other
    $16,402
    Deferred
    $27,096
    Nontaxable benefits
    $41,285
    Filer's total
    $585,442

  • Dr Debra Leonard 1

    DIRECTOR (AS OF 1/2023)

    Total calculated
    $497,395
    From this org
    $440,532
    From related orgs
    $0
    Other
    $56,863
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $365,041
    Bonus
    $54,620
    Other
    $20,871
    Deferred
    $27,450
    Nontaxable benefits
    $29,413
    Filer's total
    $497,395

  • Jennifer Gagnon

    TREASURER

    Total calculated
    $287,900
    From this org
    $0
    From related orgs
    $268,368
    Other
    $19,532
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,224 related
    Bonus
    $0 + $25,176 related
    Other
    $0 + $4,968 related
    Deferred
    $0 + $16,676 related
    Nontaxable benefits
    $0 + $2,856 related
    Filer's total
    $0 + $287,900 related

  • Lisa L Goodrich

    VP MEDICAL GROUP OPS

    Total calculated
    $489,457
    From this org
    $0
    From related orgs
    $419,928
    Other
    $69,529
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,533 related
    Bonus
    $0 + $40,053 related
    Other
    $0 + $8,342 related
    Deferred
    $0 + $36,600 related
    Nontaxable benefits
    $0 + $32,929 related
    Filer's total
    $0 + $489,457 related

  • Dr Eric Gauthier 1

    PHYSICIAN CARDIOLOGY

    Total calculated
    $846,699
    From this org
    $813,237
    From related orgs
    $0
    Other
    $33,462
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $753,983
    Bonus
    $0
    Other
    $59,254
    Deferred
    $26,833
    Nontaxable benefits
    $6,629
    Filer's total
    $846,699

  • Dr Todd Whitman

    RADIOLOGY PHYSICIAN

    Total calculated
    $885,889
    From this org
    $829,512
    From related orgs
    $0
    Other
    $56,377
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $710,995
    Bonus
    $0
    Other
    $118,517
    Deferred
    $18,300
    Nontaxable benefits
    $38,077
    Filer's total
    $885,889

  • Dr Marissa Matarrese

    ORTHOPEDICS SURGERY

    Total calculated
    $951,772
    From this org
    $890,230
    From related orgs
    $0
    Other
    $61,542
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $878,145
    Bonus
    $0
    Other
    $12,085
    Deferred
    $18,300
    Nontaxable benefits
    $43,242
    Filer's total
    $951,772

  • Dr Charles Volk

    PHYSICIAN ORTHOPEDICS

    Total calculated
    $832,930
    From this org
    $797,847
    From related orgs
    $0
    Other
    $35,083
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $774,885
    Bonus
    $0
    Other
    $22,962
    Deferred
    $18,300
    Nontaxable benefits
    $16,783
    Filer's total
    $832,930

  • Dr Bruce Tranmer 1

    DIVISION CHIEF

    Total calculated
    $857,829
    From this org
    $817,085
    From related orgs
    $0
    Other
    $40,744
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $761,538
    Bonus
    $0
    Other
    $55,547
    Deferred
    $36,600
    Nontaxable benefits
    $4,144
    Filer's total
    $857,829

  • Dr Polly Parsons 1

    FMR OFF, PHYSICIAN

    Total calculated
    $493,159
    From this org
    $453,443
    From related orgs
    $0
    Other
    $39,716
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $386,645
    Bonus
    $61,844
    Other
    $4,954
    Deferred
    $36,600
    Nontaxable benefits
    $3,116
    Filer's total
    $493,159

  • Dr Ira Bernstein 1

    FMR OFF, NETWRK CHAIR

    Total calculated
    $577,371
    From this org
    $495,798
    From related orgs
    $0
    Other
    $81,573
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $400,359
    Bonus
    $61,691
    Other
    $33,748
    Deferred
    $54,900
    Nontaxable benefits
    $26,673
    Filer's total
    $577,371

  • Richard Vincent

    TREASURER (TIL 04/2021)

    Total calculated
    $873,232
    From this org
    $0
    From related orgs
    $812,391
    Other
    $60,841
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $562,782 related
    Bonus
    $0 + $141,450 related
    Other
    $0 + $108,159 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $33,391 related
    Filer's total
    $0 + $873,232 related

  • Dr Robert Pierattini 1

    INTERIM PRES & CEO (TIL 2/2022)

    Total calculated
    $216,500
    From this org
    $191,682
    From related orgs
    $0
    Other
    $24,818
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $170,612
    Bonus
    $0
    Other
    $21,070
    Deferred
    $22,244
    Nontaxable benefits
    $2,574
    Filer's total
    $216,500

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THE UNIVERSITY OF VERMONT HEALTH NETWORK, BY AND THROUGH ITS AFFILIATED SUBSIDIARIES, MAINTAINS A SUPPLEMENTAL RETIREMENT BENEFIT PLAN (SRP) UNDER CONTRACTUAL ARRANGEMENTS WITH SEVERAL EXECUTIVE LEVEL EMPLOYEES ACROSS THE NETWORK. PURSUANT TO THE TERMS OF THE SRP, ANNUAL CREDITS WERE MADE EQUAL TO A FIXED PERCENTAGE OF BASE SALARY. JASON SANDERS PARTICIPATED IN THE SRP IN CALENDAR YEAR 2022, AND HIS RESPECTIVE FIXED PERCENTAGE WAS 8.68%. DEFERRED AMOUNTS VEST ON THE EARLIER OF: (I) JANUARY 1 OF THE THIRD PLAN YEAR AFTER THE PLAN YEAR FOR WHICH THE ACCOUNT WAS CREATED; OR (II) THE PARTICIPANT'S 65TH BIRTHDAY. AMOUNTS DEFERRED REMAIN SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. AMOUNTS DEFERRED DURING CALENDAR YEAR 2022 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C.
PART I, LINE 7
THE ORGANIZATION 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 REVIEWED 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.
COMPENSATION DETERMINATION
SCHEDULE J, PART I, QUESTION 3 UNIVERSITY OF VERMONT HEALTH NETWORK MEDICAL GROUP, INC. ("UVMHN MEDICAL GROUP") RELIED ON UNIVERSITY OF VERMONT HEALTH NETWORK ("UVM HEALTH NETWORK"), THE PARENT ORGANIZATION OF UVM MEDICAL GROUP, TO ESTABLISH ITS PRESIDENT/CEO'S COMPENSATION. UVM HEALTH NETWORK UTILIZED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE

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.

Related corporations and trusts

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

  • UVMHN VENTURES INC

    C · HOLDING COMPANY · VT · controlled entity

  • UVMHN CREDENTIALING & ENROLLMENT

    C · ADMIN SVC · VT · controlled entity

  • CHARITABLE REMAINDER TRUSTS (6)

    T · SUPPORT · VT · controlled entity

  • PERPETUAL TRUSTS (10)

    T · SUPPORT · VT · controlled entity

  • CHARITABLE IRREVOCABLE TRUSTS (8)

    T · SUPPORT · VT · controlled entity

  • CHAMPLAIN VALLEY HEALTH NETWORK

    C · ADMIN SVC · NY · controlled entity

  • MEDIQUEST INC

    C · MED OFFICE LEASE · NY · controlled entity

  • YANKEE MEDICAL INC

    C · HOME MEDICAL EQUIPMENT · VT · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202402279349301770

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