Windsor Hospital Corporation

Overview

Mission

Mt. Ascutney hospital and health center's mission is to improve the lives of those we serve.

What it reported doing in 2023

Mt. Ascutney hospital and health center (mahhc) operates a not-for-profit critical access hospital which provides primary and secondary health care. Mahhc primary service area includes bridgewater, brownsville, hartland, reading, weathersfield, windsor, & woodstock (vt) as well as claremont, cornish, and plainfield (nh). The hospital provides essential health care services including emergency department/medical/surgical inpatient, and ancillary diagnostic tests, imaging/radiology procedures, and wellness/prevention services. Mahhc staffs a total of 25 acute medical/surgical beds and 10 acute rehabilitation beds. During the year, there were 926 discharges, 1,610 surgeries, 67,416 lab tests, and 14,828 imaging procedures. Mahhc identified access to primary care as a central community need and is committed to providing the physician services of family practice, internal medicine and pediatrics in windsor and woodstock. Mahhc provides free care to patients who meet certain criteria. Foregone charges furnished under mahhc's free care policy amount to $641,772 in fy24.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating 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
030183721
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Windsor, VT, USA
Phone
8026746711
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospital, General

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 76
  • Accountability: 81
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.2%; rating input score 84
  • Program expense ratio: 85.4%; rating input score 85
  • Fundraising efficiency: $13.32 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 66.7%; rating input score 67; 20th 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: 2.5%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 84.2% of revenue deployed · 85.4% of spending went to programs
  • Governance: 14 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $63.8M in reported program spending
  • Leadership: top reported pay $1.1M · 35 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $12M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 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: 11 filed money-flow records
  • Related organizations: 13 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

35 people listed

Highest reported compensation

  • Patrick F Jordan III MBA (Trustee): $1,051,138 total reported compensation
  • Joseph L Perras MD (President/CEO/Ex-officio (through 8/6/23)): $654,647 total reported compensation
  • Stephen D Surgenor MD (Trustee (through 12/31/23)): $569,739 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.