The University of Vermont Medical Center

Overview

Mission

See schedule o

What it reported doing in 2023

Professional services. For more information, see schedule o.

Operating model

Revenue model
Other-operating. 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
030219309
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Burlington, VT, USA
Phone
8028475959
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospital, General

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 71
  • Accountability: 80
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.8%; rating input score 77
  • Program expense ratio: 79.8%; rating input score 80
  • Fundraising efficiency: $6.72 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 28th 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: 86.5%; rating input score 87; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 82.4%; rating input score 82; 30th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 76.8% of revenue deployed · 79.8% of spending went to programs
  • Governance: 14 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.8B in reported program spending
  • Leadership: top reported pay $2.1M · 41 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $121.5M reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 13 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 38 filed money-flow records
  • Related organizations: 41 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.

Leadership & pay

41 people listed

Highest reported compensation

  • DR SUNIL EAPPEN (NTWK PRES/CEO): $2,147,061 total reported compensation
  • DR STEPHEN M LEFFLER (PRES & COO): $891,965 total reported compensation
  • RICHARD VINCENT (NTWK EVP FINANCE & CFO): $847,689 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.