Central Vt Medical Center Inc

Organization Overview

Central Vt Medical Center Inc is located in Barre, VT. The organization was established in 1987. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Central VT Medical Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central VT Medical Center Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Central VT Medical Center Inc generated $489.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $423.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION MEMBER SERVICES. CENTRAL VT MEDICAL CENTER INC. CREDIT UNION WAS ESTABLISHED TO PROVIDE COMPETETIVE LOAN AND DEPOSIT PRODUCTS AND MEET FINANCIAL NEEDS OF ITS MEMBER BASE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THERON. NUMBER OF DEPOSIT ACCOUNTS IS 2,736. MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF LOAN ACCOUNTS IS 545.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Reeves
Treasurer An
$95,675
Eileen Hee
Board Member
$0
Karin Morrow
Chairperson
$0
Kelly Foy
Vice Chairpe
$0
Kelly Holland
Board Member
$0
Oreste Reader
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$408,322
Investment income $29,675
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 $489,074

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Central Vt Medical Center Inc has recieved totaling $34,483.

Awarding OrganizationAmount
Everett H Wyman Trust B Memorial Fund

Bridgeport, CT

PURPOSE: GENERAL SUPPORT

$17,319
Alexander And Lou Gould Smith Trust

Bedford, NH

PURPOSE: OPERATIONAL

$8,136
Bella Henry Trust

Bedford, NH

PURPOSE: GENERAL OPERATIONS

$7,736
Marjorie Leith Tr Uw Stratevest Group Na

Bedford, NH

PURPOSE: FINANCIAL SUPPORT

$1,225
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$67
View Grant Recipient Profile

Peer Organizations

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$75,179,197
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$61,777,524
Jeanne Darc Credit Union
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$59,293,841
Vermont State Employees Credit Union
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$48,370,084
Harvard University Employees Credit Union
Cambridge, MA
$42,695,601
Sharon & Cresent United Credit Union
Sharon, MA
$40,886,511
St Annes Credit Union Of Fall River Mass
Fall River, MA
$34,865,858
Granite State Credit Union
Manchester, NH
$34,223,432
Leominster Credit Union
Leominster, MA
$30,410,755
St Marys Credit Union Inc
Marlborough, MA
$32,310,700
Triangle Credit Union
Nashua, NH
$30,352,425

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