Southern Vermont Health Services Corporation
- Assets
- $21.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Brattleboro, VT
- Founding
- 09/1989
- Data as of
- 09/2021
- EIN
- 22-2564588
Organization Overview
Southern Vermont Health Services Corporation is located in Brattleboro, VT. The organization was established in 1989. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Southern Vermont Health Services Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Vermont Health Services Corporation 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, Southern Vermont Health Services Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.3m during the year ending 09/2021. 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
TO PROVIDE HEALTH MANAGEMENT SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS TO ASSIST IN DEVELOPING COMPREHENSIVE, INTEGRATED HEALTHCARE-RELATED SERVICES BY PROVIDING FINANCIAL AND MANAGEMENT ASSISTANCE TO ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gordon President & CEO | Officer | 2 | $387,796 |
Michael Rogers VP Financial Planning & Treasurer | Officer | 2 | $219,866 |
Andre Bissonette CFO | Officer | 2 | $211,063 |
George Idelkope MD Board Member | Trustee | 1 | $7,000 |
William Daley Board Chair | OfficerTrustee | 1 | $0 |
Rhonda Calhoun Board Vice Chair | OfficerTrustee | 1 | $0 |
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 | $312,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,714 |
| Total Program Service Revenue | $1,656,141 |
| Investment income | $211,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $648,031 |
| Net Income from Fundraising Events | -$91 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,827,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $224,429 |
| 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. | $919,296 |
| Compensation of current officers, directors, key employees. | $919,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,374 |
| Pension plan accruals and contributions | $14,882 |
| Other employee benefits | $40,562 |
| Payroll taxes | $55,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,058 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,704 |
| Advertising and promotion | $0 |
| Office expenses | $9,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,201 |
| Travel | $199 |
| 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 | $350,283 |
| Insurance | $555 |
| All other expenses | $0 |
| Total functional expenses | $2,289,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,313,711 |
| Savings and temporary cash investments | $628,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,215 |
| 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 | $757 |
| Net Land, buildings, and equipment | $1,727,738 |
| Investments—publicly traded securities | $17,025,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,111,209 |
| Total assets | $21,817,426 |
| Accounts payable and accrued expenses | $231,144 |
| 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 | $664,765 |
| Total liabilities | $895,909 |
| Net assets without donor restrictions | $19,293,566 |
| Net assets with donor restrictions | $1,627,951 |
| 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 | $21,817,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
United Health Services Inc Binghamton, NY | $30,125,980 | $10,935,942 |
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |
Albany Medical Center Saratoga Springs, NY | $8,508,389 | $8,765,103 |
North Shore-Lij Internal Medicine Pc Westbury, NY | $7,304,719 | $5,595,851 |