North Country Hospital & Health Center,inc
- Assets
- $120.7m
- Revenue
- $102.1m
- Investments
- $490.5k
- Employees
- 669
- Location
- Newport, VT
- Founding
- 10/1945
- Data as of
- 09/2021
- EIN
- 03-0185556
Organization Overview
North Country Hospital & Health Center,inc is located in Newport, VT. The organization was established in 1945. 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, North Country Hospital & Health Center,inc employed 669 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Country Hospital & Health Center,inc 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, North Country Hospital & Health Center,inc generated $102.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $93.5m during the year ending 09/2021. While expenses have increased by 1.2% 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
TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS OF ORLEANS AND ESSEX COUNTIES, ENSURING THAT HEALTH CARE IS AVAILABLE TO ALL PEOPLE.
Describe the Organization's Program Activity:
THE HOSPITAL OFFERS OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM, LAB WORK, DIAGNOSTIC IMAGING (X-RAY, CT SCAN, MRI, MAMMOGRAMS, NUCLEAR IMAGING ULTRASOUND), OUTPATIENT SURGERIES, PULMONARY, CARDIAC CARE AND THERAPY SERVICES (PHYSICAL, SPEECH AND REHABILITATIVE).
INPATIENT HOSPITAL CARE WAS PROVIDED AT A CRITICAL ACCESS HOSPITAL TOTALING 6,287 PATIENT DAYS FOR THE YEAR. THE HOSPITAL'S INPATIENT CARE SERVICES INCLUDE A 24 HOUR EMERGENCY DEPARTMENT, MEDICAL AND SURGICAL SERVICES, INTENSIVE CARE UNITS, BIRTHING CENTER, CLINICAL LABORATORY, MRI AND ULTRASOUND, NEUROLOGY, ORTHOPEDICS, PHARMACY, REHABILITATION SERVICES, OCCUPATIONAL AND PHYSICAL THERAPY AMONG OTHERS. THE HOSPITAL ALSO PROVIDED COMMUNITY GRANTS.
THE HOSPITAL'S PHYSICIAN PRACTICE CLINICS PROVIDE INTERNAL MEDICINE RADIOLOGY PROGRAM, PSYCHIATRIC, OB/GYN, NEUROLOGY, ORTHOPEDICS, OCCUPATIONAL HEALTH, PULMONARY-SLEEP, AND SURGICAL SERVICES. SERVICES AND HEMATOLOGY/ONCOLOGY PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Benjamin Schroer MD Physician | 40 | $797,318 | |
Stephane Mulligan MD Physician | 40 | $741,135 | |
Peter Stuart MD Medical Staff Vice President | 40 | $632,711 | |
Larry Sisson MD Physician | 40 | $618,024 | |
Gregory Walker MD Medical Staff VP | OfficerTrustee | 40 | $608,339 |
Alberto Perez MD Physician | 40 | $555,939 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Country Radiology Pc Radiology Physician | 9/29/21 | $1,006,126 |
Goldfish Locum Tenens Traveling Staff | 9/29/21 | $273,265 |
Comphealth Traveling Staff | 9/29/21 | $167,086 |
Bkd Accounting Services | 9/29/21 | $198,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,534,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,713,296 |
| Total Program Service Revenue | $95,407,863 |
| Investment income | $814,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,213,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,074,097 |
| 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. | $1,857,085 |
| Compensation of current officers, directors, key employees. | $266,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,628,299 |
| Pension plan accruals and contributions | $1,621,729 |
| Other employee benefits | $8,989,000 |
| Payroll taxes | $2,473,334 |
| Fees for services: Management | $52,410 |
| Fees for services: Legal | $84,118 |
| Fees for services: Accounting | $170,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,379 |
| Fees for services: Other | $11,364,299 |
| Advertising and promotion | $199,185 |
| Office expenses | $2,262,762 |
| Information technology | $3,840 |
| Royalties | $0 |
| Occupancy | $1,457,858 |
| Travel | $69,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,678 |
| Interest | $506,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,461,824 |
| Insurance | $892,325 |
| All other expenses | $0 |
| Total functional expenses | $93,505,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,317 |
| Savings and temporary cash investments | $20,540,768 |
| Pledges and grants receivable | $12,785 |
| Accounts receivable, net | $9,987,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,940,529 |
| Prepaid expenses and deferred charges | $1,047,914 |
| Net Land, buildings, and equipment | $23,039,013 |
| Investments—publicly traded securities | $58,536,628 |
| Investments—other securities | $490,503 |
| Investments—program-related | $877,283 |
| Intangible assets | $0 |
| Other assets | $2,953,252 |
| Total assets | $120,716,878 |
| Accounts payable and accrued expenses | $14,445,703 |
| Grants payable | $0 |
| Deferred revenue | $8,511,504 |
| Tax-exempt bond liabilities | $14,420,279 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $905,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,507,310 |
| Total liabilities | $41,790,308 |
| Net assets without donor restrictions | $73,537,554 |
| Net assets with donor restrictions | $5,389,016 |
| 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 | $120,716,878 |
Grants Awarded
Over the last fiscal year, North Country Hospital & Health Center,inc has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Johnsbury, VT PURPOSE: SUPPORT | $50,000 |
Derby, VT PURPOSE: SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that North Country Hospital & Health Center,inc has recieved totaling $37,956.
| Awarding Organization | Amount |
|---|---|
Warren S Mitchell Test Tr B Newport, VT PURPOSE: GENERAL | $29,911 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,000 |
Kinney Drugs Foundation Inc Gouverneur, NY PURPOSE: DONATION FOR 9TH ANNUAL MOONLIGHT BALL | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Endowment Analysis
| Beg. Balance | $3,761,813 |
| Earnings | $749,548 |
| Ending Balance | $4,511,361 |
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 |