Northwestern Medical Center

Overview

Mission

Northwestern Medical Center's mission is to provide exceptional healthcare for our community.

What it reported doing in 2023

Charity Care - The Hospital provides care to patients who meet certain criteria under its charity care policy. Because the Hospital does not pursue collection or amounts determined to qualify as charity care they are not reported in revenue. The Hospital maintains records to identify and monitor the level of charity care it provides. The records include the amount of charges foregone for services and supplies furnished under its charity care policy, the estimated cost of those services and supplies and equivalent service statistics. The following information measures the level of charity care provided during the year ended September 30, 2024.See continuation on Schedule O. Estimated costs and expenses incurred to provide charity care: $445,000Number of charity care patients served: 916The Hospital provides health care services to residents of St. Albans, Vermont, and the surrounding area, without regard to the individual's ability to pay for their services.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The nonprofit carried out 100% of its reported program work directly.

Nonprofit profile at a glance

EIN
030266986
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Headquarters
St Albans, VT, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals

Official website

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The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports few safeguards for setting executive pay.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 86
  • Accountability: 95
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 3rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 40th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -0.4%; rating input score 28; 28th percentile among comparable filings
  • Operating reserve ratio: 1.34; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 80.6% of revenue deployed · 81% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $110.5M in reported program spending
  • Leadership: top reported pay $912K · 19 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link