Porter Hospital Inc Hcsr
- Assets
- $83.5m
- Revenue
- $99.7m
- Investments
- $5.0m
- Employees
- 629
- Location
- Middlebury, VT
- Founding
- 12/1942
- Data as of
- 09/2021
- EIN
- 03-0181058
Organization Overview
Porter Hospital Inc Hcsr is located in Middlebury, VT. The organization was established in 1942. 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, Porter Hospital Inc Hcsr employed 629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter Hospital Inc Hcsr 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, Porter Hospital Inc Hcsr generated $99.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $91.6m during the year ending 09/2021. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CRITICAL ACCESS HOSPITAL
Describe the Organization's Program Activity:
PORTER HOSPITAL, INC. ("PORTER") OPERATES A NOT-FOR PROFIT CRITICAL ACCESS HOSPITAL WITH PATIENT CARE SERVICES INCLUDING EMERGENCY ROOM, MATERNITY AND MEDICAL/SURGICAL INPATIENT AND OUTPATIENT CARE, AND ANCILLARY SERVICES INCLUDING REHABILITATION, LABORATORY TESTING, AND DIAGNOSTIC IMAGING SERVICES. AS A CRITICAL ACCESS HOSPITAL, PORTER STAFFS A TOTAL OF 25 BEDS. OF THE 25 BEDS, SIX BEDS ARE LOCATED IN THE MATERNITY UNIT, AND THE REMAINING BEDS ARE LOCATED ON THE MEDICAL/SURGICAL UNIT. PORTER RECORDED APPROXIMATELY 5,940 INPATIENT DAYS DURING THE YEAR. EMERGENCY ROOM VISITS TOTALED 11,233 FOR THE YEAR. SURGERIES FOR THE YEAR TOTALED 3,983. SUPPORT SERVICES FOR BOTH INPATIENTS AND OUTPATIENTS INCLUDE BUT ARE NOT LIMITED TO LABORATORY, DIAGNOSTIC IMAGING SERVICES, CARDIAC SERVICES, AND REHABILITATION FACILITIES. IMAGING INCLUDES RADIOLOGY, NUCLEAR MEDICINE, MRI, ULTRASOUND, AND CT SCAN. PORTER PROVIDES FREE CARE TO PATIENTS WHO MEET CERTAIN CRITERIA. PORTER PROVIDES A NUMBER OF COMMUNITY HEALTH OUTREACH PROGRAMS TO THE GENERAL PUBLIC FOR FREE. THE PROGRAMS INCLUDE BUT ARE NOT LIMITED TO DIABETES EDUCATION, BREAST CANCER SCREENING, PRENATAL CLASSES, BREASTFEEDING CLASSES, AND CPR COURSES. PORTER PROVIDES CLINICAL OFFICE SPACE TO THE OPEN DOOR CLINIC. FINALLY, PORTER HAS PARTNERED WITH LOCAL CAREER CENTER, AS WELL AS COLLEGES TO PROVIDED CLINICAL EXPOSURE TO THEIR STUDENTS WITH GOALS OF DEVELOPING FUTURE HEALTHCARE WORKERS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Benvenuto MD Cmo | 40 | $334,502 | |
David J Myers Crna, Surgical Services | 40 | $300,905 | |
Amy Bishop Crna, Surgical Services | 40 | $261,494 | |
Eric C Berg Crna, Surgical Services | 40 | $259,735 | |
Eric Shubert Pharmacist | 40 | $177,229 | |
Matthew Curran Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcam Associates Collection Services | 9/29/21 | $252,651 |
University Of Vt Tspimf Equipment Repair | 9/29/21 | $319,704 |
Alliance Healthcare Services Inc Radiology Services | 9/29/21 | $548,452 |
Mayo Collaborative Services Inc Analytic And Diagnostic Services | 9/29/21 | $364,168 |
Medical Information Tech Inc It Support Services | 9/29/21 | $357,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,849,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,157,545 |
| Total Program Service Revenue | $96,925,189 |
| Investment income | $350,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,284 |
| Net Gain/Loss on Asset Sales | $257,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,708,457 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,512,961 |
| Pension plan accruals and contributions | $1,597,624 |
| Other employee benefits | $6,560,333 |
| Payroll taxes | $2,835,708 |
| Fees for services: Management | $4,207,223 |
| Fees for services: Legal | $10,221 |
| Fees for services: Accounting | $123,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,470 |
| Fees for services: Other | $8,806,059 |
| Advertising and promotion | $6,103 |
| Office expenses | $933,693 |
| Information technology | $49,310 |
| Royalties | $0 |
| Occupancy | $2,254,083 |
| Travel | $283,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $281,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,856,225 |
| Insurance | $310,737 |
| All other expenses | $0 |
| Total functional expenses | $91,608,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,971 |
| Savings and temporary cash investments | $30,901,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,155,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,167,561 |
| Prepaid expenses and deferred charges | $481,697 |
| Net Land, buildings, and equipment | $15,562,683 |
| Investments—publicly traded securities | $11,826,884 |
| Investments—other securities | $4,993,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,291,260 |
| Total assets | $83,460,872 |
| Accounts payable and accrued expenses | $8,482,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,530,945 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,401,947 |
| Total liabilities | $28,415,891 |
| Net assets without donor restrictions | $49,584,235 |
| Net assets with donor restrictions | $5,460,746 |
| 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 | $83,460,872 |
Grants Awarded
Over the last fiscal year, Porter Hospital Inc Hcsr has awarded $16,536 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: Grant provided for assistance in the recruitment and retention of providers within the Vermont Area. | $10,000 |
Middlebury, VT PURPOSE: Operational Assistance | $6,536 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Porter Hospital Inc Hcsr has recieved totaling $84,046.
| 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. | $48,544 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $25,000 |
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 |
Endowment Analysis
| Beg. Balance | $3,965,823 |
| Earnings | $1,145,237 |
| Ending Balance | $5,111,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Vassar Brothers Medical Center Poughkeepsie, NY | $1,245,233,477 | $744,600,234 |
Jamaica Hospital Medical Center Jamaica, NY | $292,806,464 | $710,077,311 |
Mary Imogene Bassett Hospital Cooperstown, NY | $473,816,345 | $653,736,548 |