Porter Medical Center Inc
- Assets
- $5.8m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Middlebury, VT
- Founding
- 03/1989
- Data as of
- 09/2023
- EIN
- 03-0310862
Organization Overview
Porter Medical Center Inc is located in Middlebury, VT. The organization was established in 1989. 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 09/2023, Porter Medical Center Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter 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 09/2023, Porter Medical Center Inc generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARENT HOLDING COMPANY FOR SUBSIDIARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PMC MANAGED DIRECT PUBLIC SUPPORT AND PROVIDED ADMINISTRATIVE SERVICES FOR RELATED ENTITIES. THESE SERVICES RELATE TO AND SUPPORT THE OPERATION OF A 25-BED CRITICAL ACCESS HOSPITAL AND A 98-BED NURSING HOME AND REHABILITATION CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Grangent Director (as Of 1/2023) | Trustee | 2 | $0 |
Dr Kristofer Anderson Director | Trustee | 2 | $0 |
Judson Bartlett Vice Chair | OfficerTrustee | 2 | $0 |
Megan Brakely Director (as Of 1/2023) | Trustee | 2 | $0 |
Anne Collins Director | Trustee | 2 | $0 |
Sivan Cotel Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ceridan Information Technology Services | 9/29/18 | $221,120 |
Berry Dunn Mcneil & Parker Accounting Services | 9/29/18 | $166,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,418 |
| Noncash contributions included in lines 1a–1f | $12,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,418 |
| Total Program Service Revenue | $4,869,867 |
| Investment income | $38,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,109,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,350 |
| 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. | $793,077 |
| Compensation of current officers, directors, key employees. | $793,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,395,797 |
| Pension plan accruals and contributions | $27,996 |
| Other employee benefits | $620,382 |
| Payroll taxes | $183,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,385 |
| Fees for services: Accounting | $6,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,720 |
| Fees for services: Other | $414,244 |
| Advertising and promotion | $2,998 |
| Office expenses | $28,806 |
| Information technology | $2,988 |
| Royalties | $0 |
| Occupancy | $93,115 |
| Travel | $8,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,213 |
| All other expenses | $132 |
| Total functional expenses | $4,602,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,214 |
| Savings and temporary cash investments | $2,748,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,681 |
| Net Land, buildings, and equipment | $1,624,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $672,568 |
| Total assets | $5,765,996 |
| Accounts payable and accrued expenses | $454,725 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $454,725 |
| Net assets without donor restrictions | $5,311,271 |
| Net assets with donor restrictions | $0 |
| 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 | $5,765,996 |