Northwestern Medical Center Inc
- Assets
- $180.2m
- Revenue
- $138.6m
- Investments
- $2.0m
- Employees
- 1,036
- Location
- St Albans, VT
- Founding
- 06/1978
- Data as of
- 09/2021
- EIN
- 03-0266986
Organization Overview
Northwestern Medical Center Inc is located in St Albans, VT. The organization was established in 1978. 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, Northwestern Medical Center Inc employed 1,036 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Medical 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, Northwestern Medical Center Inc generated $138.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $123.0m during the year ending 09/2021. While expenses have increased by 2.6% 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.
Since 2015, Northwestern Medical Center Inc has awarded 12 individual grants totaling $206,140. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWESTERN MEDICAL CENTER'S MISSION IS TO PROVIDE EXCEPTIONAL HEALTHCARE FOR OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INPATIENT AND OUTPATIENT SERVICES TO THE GENERAL PUBLIC IN A FULL-SERVICE 70-BED HOSPITAL. THE HOSPITAL PUBLISHES AN ANNUAL REPORT. PLEASE REFER TO THE ANNUAL REPORT FOR ADDITIONAL EXPLANATION OF THE HOSPITAL'S PROGRAMS AND ACHIEVEMENTS.
CHARITY CARE - THE HOSPITAL PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY. BECAUSE THE HOSPITAL DOES NOT PURSUE COLLECTION OR AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE THEY ARE NOT REPORTED IN REVENUE. THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THE RECORDS INCLUDE THE AMOUNT OF CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY, THE ESTIMATED COST OF THOSE SERVICES AND SUPPLIES AND EQUIVALENT SERVICE STATISTICS. THE FOLLOWING INFORMATION MEASURES THE LEVEL OF CHARITY CARE PROVIDED DURING THE YEAR ENDED SEPTEMBER 30, 2021.SEE CONTINUATION ON SCHEDULE O. ESTIMATED COSTS AND EXPENSES INCURRED TO PROVIDE CHARITY CARE: $1,158,843NUMBER OF CHARITY CARE PATIENTS SERVED: 1,354THE HOSPITAL PROVIDES HEALTH CARE SERVICES TO RESIDENTS OF ST. ALBANS, VERMONT, AND THE SURROUNDING AREA, WITHOUT REGARD TO THE INDIVIDUAL'S ABILITY TO PAY FOR THEIR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Barnum MD Orthopedic Physician | 40 | $950,991 | |
Robert Beattie MD Orthopedic Physician | 40 | $688,995 | |
Gregory Brophey MD Ophthalmologist | 40 | $647,035 | |
Lawrence Sullivan MD Member / Ob Physician | Trustee | 40 | $626,660 |
Nathan Mauser MD Orthopedic Physician | 40 | $587,664 | |
Kahren Aydinyan MD Ent Surgeon | 40 | $537,217 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Cooper Mechanical Inc Construction Services | 9/29/21 | $815,866 |
Comphealth Traveler Staffing | 9/29/21 | $479,509 |
Shiftwise Traveler Staffing | 9/29/21 | $2,833,748 |
Clinical Colleagues Anesthesia Services | 9/29/21 | $1,408,829 |
University Of Vermont Medical Center Various Medical Services | 9/29/21 | $1,962,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,316,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,732,300 |
| Total Program Service Revenue | $124,050,547 |
| Investment income | $866,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $334,170 |
| Net Gain/Loss on Asset Sales | $8,601,663 |
| Net Income from Fundraising Events | $674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,585,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,940 |
| Grants and other assistance to domestic individuals. | $45,621 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,754,063 |
| Compensation of current officers, directors, key employees. | $648,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,361,095 |
| Pension plan accruals and contributions | $2,169,608 |
| Other employee benefits | $6,232,891 |
| Payroll taxes | $3,580,444 |
| Fees for services: Management | $708,407 |
| Fees for services: Legal | $128,042 |
| Fees for services: Accounting | $112,534 |
| Fees for services: Lobbying | $10,632 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,560 |
| Fees for services: Other | $21,605,958 |
| Advertising and promotion | $148,368 |
| Office expenses | $670,987 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,006,722 |
| Travel | $109,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $738,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,098,074 |
| Insurance | $1,460,097 |
| All other expenses | $0 |
| Total functional expenses | $122,963,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,139,480 |
| Savings and temporary cash investments | $19,064,044 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,042,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,980,728 |
| Prepaid expenses and deferred charges | $2,100,976 |
| Net Land, buildings, and equipment | $69,585,327 |
| Investments—publicly traded securities | $55,428,246 |
| Investments—other securities | $1,998,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,837,545 |
| Total assets | $180,177,619 |
| Accounts payable and accrued expenses | $9,545,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $28,175,042 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,571,901 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,145,589 |
| Total liabilities | $47,438,080 |
| Net assets without donor restrictions | $129,041,863 |
| Net assets with donor restrictions | $3,697,676 |
| 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 | $180,177,619 |
Grants Awarded
Over the last fiscal year, Northwestern Medical Center Inc has awarded $17,940 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: Support programs complimentary to the Hospital's exempt purpose. | $11,250 |
ST ALBANS RECREATION DEPARTMENT PURPOSE: Town Forest fundraising. | $6,690 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northwestern Medical Center Inc has recieved totaling $36,875.
| Awarding Organization | Amount |
|---|---|
William Clark Stratevest Group N A Bedford, NH PURPOSE: OPERATIONAL | $14,300 |
United Way Of Northwest Vermont Inc South Burlington, VT PURPOSE: PROGRAM | $10,000 |
United Way Of Northwest Vermont Inc South Burlington, VT PURPOSE: PROGRAM | $10,000 |
John J Klecka Tr Fbo Et Al Bedford, NH PURPOSE: OPERATIONAL ASSISTANCE | $2,575 |
Endowment Analysis
| Beg. Balance | $1,142,938 |
| Earnings | $192,824 |
| Ending Balance | $1,335,762 |
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 |