Carlos G Otis Health Care Center Inc
- Assets
- $26.7m
- Revenue
- $30.8m
- Investments
- $0.0
- Employees
- 255
- Location
- Townshend, VT
- Founding
- 12/1950
- Data as of
- 09/2021
- EIN
- 03-0177161
Organization Overview
Carlos G Otis Health Care Center Inc, operating under the name Grace Cottage Hospital, is located in Townshend, VT. The organization was established in 1950. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Grace Cottage Hospital employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Cottage Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Grace Cottage Hospital generated $30.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $27.4m during the year ending 09/2021. While expenses have increased by 2.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE COTTAGE HOSPITAL IS A CRITICAL ACCESS HOSPITAL OFFERING 24-HOUR EMERGENCY SERVICES, INPATIENT ACUTE AND SKILLED CARE, 24-HOUR DIAGNOSTIC IMAGING SERVICES, A FULL-SERVICE LABORATORY, A PHARMACY, A VARIETY OF OUTPATIENT MEDICAL CARE SERVICES, INCLUDING PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY, AND A RURAL HEALTH CLINIC PROVIDING PRIMARY CARE AND PSYCHIATRIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Divello CEO | Officer | 40 | $330,607 |
Timothy P Shafer MD Trustee/physician | Trustee | 44.5 | $286,642 |
George Terwilliger MD Physician | 40 | $276,610 | |
Stephen A Brown CFO | Officer | 45.5 | $240,907 |
Kimona Alin MD Physician | 31.7 | $214,870 | |
Moss Linder DO Physician | 32.83 | $212,935 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Newman Noyes Accounting Services | 9/29/21 | $123,826 |
Adp Llc Payroll Services | 9/29/21 | $106,328 |
Cerner Corporation Hardware/software Support | 9/29/21 | $744,960 |
Virtual Radiologic Corporation Radiologist Services | 9/29/21 | $158,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,445,821 |
| Government grants | $3,604,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,099,253 |
| Total Program Service Revenue | $25,743,094 |
| Investment income | $918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,843,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,002,362 |
| Compensation of current officers, directors, key employees. | $680,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,348,519 |
| Pension plan accruals and contributions | $309,507 |
| Other employee benefits | $2,502,064 |
| Payroll taxes | $957,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,015 |
| Fees for services: Accounting | $76,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,016,954 |
| Advertising and promotion | $80,676 |
| Office expenses | $1,080,327 |
| Information technology | $776,368 |
| Royalties | $0 |
| Occupancy | $241,395 |
| Travel | $81,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,039 |
| Interest | $86,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $798,977 |
| Insurance | $296,028 |
| All other expenses | $75,153 |
| Total functional expenses | $27,373,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,831,584 |
| Savings and temporary cash investments | $26,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,428,276 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $953,554 |
| Prepaid expenses and deferred charges | $197,550 |
| Net Land, buildings, and equipment | $4,021,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,227,957 |
| Total assets | $26,686,067 |
| Accounts payable and accrued expenses | $2,119,706 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $190,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,672,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,359,535 |
| Total liabilities | $10,342,054 |
| Net assets without donor restrictions | $12,617,752 |
| Net assets with donor restrictions | $3,726,261 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,686,067 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Carlos G Otis Health Care Center Inc has recieved totaling $79,549.
| Awarding Organization | Amount |
|---|---|
Vermont Association Of Hospitals And Health Systems Inc Montpelier, VT PURPOSE: FUNDING TO SUPPORT ACTIVITIES THAT PREPARE HEALTH CARE SYSTEMS AND PROVIDERS TO IDENTIFY, ISOLATE, ASSESS, TRANSPORT, AND TREAT PATIENTS WITH COVID19 OR OTHER SPECIAL PATHOGENS OR PUIS FOR SUCH AN ILLNESS, IN ACCORDANCE WITH THE ACTIVITIES DESCRIBED IN THE ASPR COOPERATIVE AGREEMENT WITH HOSPITAL ASSOCIATIONS. FOR A LIST OF SPECIFIC ACTIVITIES THAT ARE ALLOWABLE SEE THE INDIVIDUAL SUBGRANTS. | $48,547 |
Thomas Thompson Trust Boston, MA PURPOSE: COVID -19 FUND | $10,000 |
David Greenewalt Charitable Tr Boston, MA PURPOSE: MEDICAL | $7,500 |
Vermont Program For Quality In Health Care Inc Montpelier, VT PURPOSE: QUALITY IMPROVEMENT PROJECT | $5,251 |
Vermont Program For Quality In Health Care Inc Montpelier, VT PURPOSE: QUALITY IMPROVEMENT PROJECT | $5,251 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $3,000 |
Endowment Analysis
| Beg. Balance | $3,897,999 |
| Earnings | -$171,738 |
| Ending Balance | $3,726,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Mount St Marys Hospital Of Niagara Falls Buffalo, NY | $85,822,879 | $119,030,413 |
Claxton-Hepburn Medical Center Odensburg, NY | $148,754,209 | $110,908,691 |
Geneva General Hospital Geneva, NY | $241,263,281 | $108,269,094 |
Nathan Littauer Hospital Association Gloversville, NY | $137,432,154 | $112,130,166 |
Baystate Franklin Medical Center Greenfield, MA | $102,999,130 | $107,787,892 |
Mount Auburn Professional Services Inc Cambridge, MA | $33,630,533 | $75,904,953 |
Garnet Health Medical Center Catskills Harris, NY | $107,792,982 | $110,012,823 |
Newark Wayne Community Hospital Newark, NY | $160,696,636 | $113,794,284 |
Oneida Healthcare Systems Inc Oneida, NY | $189,814,157 | $119,017,235 |
Alice Hyde Medical Center Malone, NY | $84,353,502 | $102,159,003 |