Porter Medical Center
Nonprofit profile at a glance
- EIN
- 030310862
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Middlebury, VT, USA
- Phone
- 8023884701
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- Hospital, General
Reported finances
- Revenue
- $4,441,737
- Expenses
- $3,919,168
- Assets
- $6,851,612
- Liabilities
- $442,628
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Highest reported compensation
- BOB ORTMYER (PRES, ECH & PMC): $624,117 total reported compensation
- JUDY PEEK-LEE (FMR INTERIM CFO): $510,818 total reported compensation
- DR KRISTOFER ANDERSON (DIRECTOR): $477,202 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of porter medical center ("pmc") is to improve the health of our community, one patient at a time.pmc is also the parent holding company for subsidiaries, porter hospital, inc. And helen porter nursing home, inc., and provides adminstrative and certain other services to pmc subsidiaries.
What it reported doing in 2024
Pmc managed direct public support and provided administrative services for related entities. These services relate to and support the operation of a 25-bed critical access hospital and a 98-bed nursing home and rehabilitation center.
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 filing allocates 94% 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.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 71
- Accountability: 90
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.9%; rating input score 2
- Program expense ratio: 2.2%; rating input score 2
- Fundraising efficiency: $20.57 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 90.9%; rating input score 91; 21st percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- 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: 11.8%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.75; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 43.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -21.4% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 1.9% of revenue deployed · 2.2% of spending went to programs
- Governance: 10 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $85K in reported program spending
- Leadership: top reported pay $624K · 23 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 24 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Financial Efficiency: Program expense ratio scored 2/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 2/100.