Southwestern Vermont Medical Center

Legal name: Southwestern Vermont Health Care Corporation

Overview

Mission

To care for and comfort our patients, residents, and their loved ones and to improve the health status of the communities we serve. The purpose of the organization is also to promote and support the development and maintenance of a highly efficient, patient-focused, integrated healthcare delivery system.

What it reported doing in 2023

Southwestern Vermont health care corporation manages and maintains medical office buildings in bennington, manchester, wilmington, pownal and west dover in Vermont as well as hoosick falls, New York and williamstown, Massachusetts.

Operating model

Revenue model
Earned-program. 71% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
030179435
IRS 990 coverage
2009–2023
Official website data refreshed
Aug 2026
Forms available
Form 990 2023, Form 990-T 2022
Headquarters
Bennington, VT, US
Phone
802-442-6361
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 71
  • Accountability: 88
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.6%; rating input score 47
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 15th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 77%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 22.9; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 21.2%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 21st percentile among comparable filings

Details

  • What they do: 3 operating locations identified
  • Where the money goes: 46.6% of revenue deployed · 91.3% of spending went to programs
  • Governance: 16 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.3M in reported program spending
  • Leadership: top reported pay $1.1M · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 17 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

24 people listed

Highest reported compensation

  • THOMAS A DEE (CEO): $1,084,408 total reported compensation
  • STEPHAN LEBLANC (TRUSTEE): $984,376 total reported compensation
  • STEPHEN D MAJETICH (FORMER CFO/TREASURER): $563,960 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.