Southern Vermont Health Services Corporation
- Assets
- $20.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Brattleboro, VT
- Founding
- 09/1989
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Southern Vermont Health Services Corporation generated $1.6m 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 (5.8%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
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 |
|---|---|---|---|
Rhonda Calhoun Board Chair | OfficerTrustee | 1 | $0 |
Michael Mandracchia Board Vice Chair | OfficerTrustee | 1 | $0 |
Sarah Swank Board Secretary | OfficerTrustee | 1 | $0 |
John Vp Meyer Board Treasurer | OfficerTrustee | 1 | $0 |
Anne Bilodeau Board Member | Trustee | 1 | $0 |
Tony Blofson MD Board Member | Trustee | 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 | $261,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,742 |
| Total Program Service Revenue | $1,300,798 |
| Investment income | $218,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$162,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,618,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $224,567 |
| 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. | $700,894 |
| Compensation of current officers, directors, key employees. | $537,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,265 |
| Payroll taxes | $45,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,371 |
| Advertising and promotion | $0 |
| Office expenses | $9,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,406 |
| Travel | $0 |
| 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 | $269,322 |
| Insurance | $587 |
| All other expenses | $0 |
| Total functional expenses | $1,894,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $938,809 |
| Savings and temporary cash investments | $1,072,640 |
| 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 | $814 |
| Net Land, buildings, and equipment | $1,219,063 |
| Investments—publicly traded securities | $15,517,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,219,984 |
| Total assets | $19,968,998 |
| Accounts payable and accrued expenses | $225,503 |
| 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 | $729,654 |
| Total liabilities | $955,157 |
| Net assets without donor restrictions | $17,596,342 |
| Net assets with donor restrictions | $1,417,499 |
| 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 | $19,968,998 |