Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $301,615

• 1e · Government grants (contributions)

  $658,674

• 1f · All other contributions, gifts and grants

  $73,782

• 2a · Program service revenue: NET PATIENT SERV. REV

  total $155,588,663 · related or exempt $155,588,663

• 2b · Program service revenue: FIXED PROSPECTIVE REV

  total $29,113,085 · related or exempt $29,113,085

• 2c · Program service revenue: PHARMACY

  total $5,165,753 · related or exempt $5,165,753

• 2d · Program service revenue: PROGRAM INCENTIVES

  total $1,664,058 · related or exempt $1,664,058

• 2e · Program service revenue: STATE FUNDING

  total $1,506,383 · related or exempt $1,506,383

• 2f · All other program service revenue

  total $2,932,106 · related or exempt $2,932,106

• 3 · Investment income

  total $332,908 · excluded $332,908

• 6a · Gross rents

  real property $10,200

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,200

• 6d · Net rental income or loss

  total $10,200 · excluded $10,200

• 7a · Gross sales of assets other than inventory

  securities $333,911

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

  securities $0 · other assets $46,539

• 7c · Gain or loss

  securities $333,911 · other assets -$46,539

• 7d · Net gain or loss

  total $287,372 · excluded $287,372

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,000 · program services $8,000

• 5 · Compensation of officers, directors and key employees

  total $2,425,384 · program services $499,562 · management and general $1,925,822

• 7 · Other salaries and wages

  total $59,762,498 · program services $49,107,223 · management and general $10,655,275

• 8 · Pension plan contributions

  total $2,037,802 · program services $1,609,878 · management and general $408,849 · fundraising $19,075

• 9 · Other employee benefits

  total $11,471,536 · program services $9,627,548 · management and general $1,761,793 · fundraising $82,195

• 10 · Payroll taxes

  total $4,445,919 · program services $3,571,748 · management and general $874,060 · fundraising $111

• 11a · Fees: management

  total $2,104,258 · management and general $2,104,258

• 11b · Fees: legal

  total $280,826 · management and general $280,826

• 11f · Fees: investment management

  total $46,271 · management and general $46,271

• 11g · Fees: other

  total $54,355,597 · program services $53,217,338 · management and general $1,138,259

• 12 · Advertising and promotion

  total $322,290 · program services $220 · management and general $322,070

• 14 · Information technology

  total $4,259,544 · program services $743,501 · management and general $3,516,043

• 16 · Occupancy

  total $4,979,514 · program services $4,269,863 · management and general $709,651

• 17 · Travel

  total $114,899 · program services $80,702 · management and general $34,197

• 19 · Conferences, conventions and meetings

  total $19,117 · program services $6,860 · management and general $12,257

• 20 · Interest

  total $1,518,145 · program services $1,389,975 · management and general $128,170

• 22 · Depreciation, depletion and amortization

  total $5,983,457 · program services $5,708,206 · management and general $275,251

• 23 · Insurance

  total $586,853 · program services $2,190 · management and general $584,663

• 24a · Other expenses: MEDICAL SUPPLIES & DRUG

  total $27,926,114 · program services $27,856,812 · management and general $69,302

• 24b · Other expenses: PROVIDER TAX

  total $11,190,223 · program services $11,190,223

• 24c · Other expenses: LICENSES, DUES, SUB.

  total $2,361,638 · program services $218,394 · management and general $2,143,244

• 24d · Other expenses: TELEMEDICINE

  total $1,157,372 · program services $1,157,372

• 24e · All other expenses

  total $6,837,870 · program services $5,934,139 · management and general $903,656 · fundraising $75

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $586,891 · end of year $468,684

• 2 · Savings and temporary cash investments

  beginning of year $13,292,354 · end of year $10,579,224

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $14,574,202 · end of year $17,671,010

• 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 $3,851,214 · end of year $3,965,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,530,942 · end of year $3,638,379

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

  $188,789,257

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

  $126,682,262

• 10c · Land, buildings and equipment, net

  beginning of year $48,230,366 · end of year $62,106,995

• 11 · Investments: publicly traded securities

  beginning of year $8,795,709 · end of year $17,708,893

• 15 · Other assets

  beginning of year $32,316,242 · end of year $9,503,580

• 17 · Accounts payable and accrued expenses

  beginning of year $27,390,695 · end of year $29,816,876

• 19 · Deferred revenue

  beginning of year $450,151 · end of year $317,364

• 20 · Tax-exempt bond liabilities

  beginning of year $27,520,108 · end of year $27,264,970

• 23 · Secured mortgages and notes payable

  beginning of year $12,995,100 · end of year $13,857,900

• 25 · Other liabilities

  beginning of year $9,825,557 · end of year $9,798,694

• 27 · Net assets without donor restrictions

  beginning of year $45,996,309 · end of year $44,586,571

The filer's explanations (Part III)

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CERTAIN LISTED INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN CALENDAR YEAR 2022. 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: $300,992 THOMAS A. DEE $112,012 STEPHEN D. MAJETICH $47,791 KEVIN P. DAILEY $23,047 RICHARD J. OGILVE JR. $28,721 LESLIE J. KEEFE $38,819 PAMELA A. DUCHENE

Related corporations and trusts

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

• SOUTHWESTERN VT HEALTHCARE ENTERPRISES

  C · HEALTH CARE · VT