2025-08-12T15:10:54-05:00 2024-09-30 161226221 FUSTCHARLES LLP 220 S WARREN STREET SYRACUSE NY 13202 990 2023-10-01 030179435 SOUTHWESTERN VERMONT HEALTH CARE CORPORATION SOUT 8024426361 100 HOSPITAL DRIVE BENNINGTON VT 05201 ROBERT LABA CFO 8024426361 2025-08-12 1 1 THOMAS J GIUFRE P00841958 3154463600 2025-08-12 2023 2025-03-06 01:10:19Z THOMAS DEE 100 HOSPITAL DRIVE BENNINGTON VT 05201 15952849 0 X WWW.SVHEALTHCARE.ORG X 1912 VT PROVIDING HEALTH CARE ON BOTH AN INPATIENT AND OUTPATIENT BASIS WITH FACILITIES IN AND AROUND THE BENNINGTON, VT AREA AS WELL AS NEIGHBORING NY AND MA. 20 16 18 0 0 0 77000 250000 3678532 3854224 1981099 11848625 0 0 5736631 15952849 0 0 0 0 372614 462688 0 0 0 3377036 3208138 3749650 3670826 1986981 12282023 83198513 84070064 4259797 4812929 78938716 79257135 X 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. 0 0 3349923 3854224 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. 3349923 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 16 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X ROBERT LABA 8024475011 100 HOSPITAL DRIVE BENNINGTON VT 05201 X BRIAN BAREFOOT TRUSTEE 1.00 2.00 X 0 0 0 MICHAEL E BRADY TRUSTEE / DENTIST 1.00 3.00 X 0 177101 101 CAROL CONROY TRUSTEE 1.00 2.00 X 0 0 0 THOMAS A DEE CEO 1.00 39.00 X X 0 716001 368407 KATHLEEN FISHER CHAIR 1.00 4.00 X X 0 0 0 DIMITRI GARDER SECRETARY 1.00 2.00 X X 0 0 0 WAYNE GRANQUIST TRUSTEE 1.00 2.00 X 0 0 0 THOMAS H GREEN III TRUSTEE 1.00 3.00 X 0 0 0 KRISTYN HARRINGTON TRUSTEE 1.00 2.00 X 0 0 0 CONNIE JASTREMSKI TRUSTEE 1.00 2.00 X 0 0 0 STEPHEN KELLY VICE CHAIR 1.00 3.00 X X 0 0 0 ANGIE MARANO TRUSTEE 1.00 2.00 X 0 0 0 KEITH MICHL TRUSTEE 1.00 3.00 X 0 0 0 CHRISTINE MILES TRUSTEE 1.00 2.00 X 0 0 0 BRIAN G O'GRADY TRUSTEE 1.00 2.00 X 0 0 0 THEMARGE SMALL TRUSTEE 1.00 2.00 X 0 386413 53193 ROBERT VAN DEGNA TRUSTEE 1.00 2.00 X 0 0 0 MATTHEW VERNON TRUSTEE 1.00 2.00 X 0 457866 63842 GEORGE KEADY TRUSTEE 1.00 2.00 X 0 0 0 MATTHEW STANISHEWSKI TRUSTEE 1.00 2.00 X 0 302942 62416 STEPHAN LEBLANC TRUSTEE 1.00 2.00 X 0 918361 66015 ROBERT LABA CFO/TREASURER 9.00 31.00 X 0 97113 101 MARK EPLER PHYSICAL THERAPIST 40.00 0.00 X 110513 0 35310 STEPHEN D MAJETICH FORMER CFO/TREASURER 0.00 0.00 X 0 545090 18870 110513 3600887 668255 1 1 1 0 0 250000 250000 PROPERTY MANAGMENT 531310 2231951 2231951 LLC REVENUE 900099 1622273 1622273 3854224 1329446 1329446 10519179 0 10519179 10519179 10519179 15952849 14373403 0 1329446 370605 370605 1670 1670 63917 63917 26496 26496 32212 32212 105355 105355 73089 73089 5612 4770 842 777435 660820 116615 127 108 19 392887 333954 58933 39495 33571 5924 LLC EXPENDITURES 1649447 1649447 SVC CONTRACTS, EQUIP RE 71710 71710 BAD DEBT EXPENSES 54083 54083 SUPPLIES AND OTHER 6686 5683 1003 3670826 3349923 320903 0 102230 7364 63528 674227 17789 19255 6905112 46659 6458598 6858453 59783755 68800268 558634 558634 2990000 2550000 13223979 4601863 83198513 84070064 204813 167899 1118607 1118608 2936377 3526422 4259797 4812929 X 78938716 79257135 78938716 79257135 83198513 84070064 X 12282023 274944 -12238548 X X 0 1 X 1 0 X PART I, LINE 3 SOUTHWESTERN VERMONT HEALTH CARE CORPORATION WAS RECOGNIZED AS A HEALTHCARE ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE. SVHC DOES NOT OPERATE A FACILITY THAT IS OR IS REQUIRED TO BE LICENSED AS A HOSPITAL. THEREFORE, SVHC IS NOT REQUIRED TO FILE FORM 990, SCHEDULE H. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5342839 5342839 -3918362 -511250 -3407112 580359 30294 550065 20707 -13902 34609 4879569 541517 4338052 6858453 DEFERRED COMPENSATION PLAN ASSETS 2760456 DUE FROM AFFILIATES 1032874 OTHER ASSETS 58533 FINANCE LEASE ASSETS 750000 4601863 DEFERRED COMPENSATION 2749465 OTHER LIABILITIES 335447 DUE TO AFFILIATES 418886 SELF INSURANCE COSTS 22624 3526422 X PART X, LINE 2: SVHC, SVMC, TWIN RIVERS, NBM, THE FOUNDATION, MAHC, SVHCNY, SVHCHF, SVHCF, AND SVHC REALTY, INC. HAVE BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. THE CORPORATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. EACH ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE CORPORATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE CORPORATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT SEPTEMBER 30, 2024. 1 1 0 0 0 0 0 0 0 THOMAS A DEE CEO 0 442030 0 230683 0 43288 0 335832 0 32575 0 1084408 0 0 STEPHAN LEBLANC TRUSTEE 0 686348 0 122500 0 109513 0 31590 0 34425 0 984376 0 0 STEPHEN D MAJETICH FORMER CFO/TREASURER 0 219436 0 63000 0 262654 0 5231 0 13639 0 563960 0 15972 MATTHEW VERNON TRUSTEE 0 435366 0 0 0 22500 0 19800 0 44042 0 521708 0 0 THEMARGE SMALL TRUSTEE 0 364045 0 5239 0 17129 0 23100 0 30093 0 439606 0 18075 MATTHEW STANISHEWSKI TRUSTEE 0 278814 0 1448 0 22680 0 18985 0 43431 0 365358 0 0 MICHAEL E BRADY TRUSTEE / DENTIST 0 176162 0 0 0 939 0 0 0 101 0 177202 0 0 PART 1, LINE 3 TOP MANAGEMENT OFFICIAL COMPENSATION DETERMINATION: SOUTHWESTERN VERMONT MEDICAL CENTER, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD. PART 1, LINE 4B SUPPLEMENTAL NONQIALIFIED RETIREMENT PLAN: CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPESATION ARRANGEMENT. UNDER THE TERMS OF THE PLAN THE INDIVIDUAL WILL BECOME VESTED IN THE PLAN IF THEY REMAIN EMPLOYED THROUGH A TARGETED DATE PURSUANT TO THE PLAN. NO AMOUNTS VESTED IN CALENDAR YEAR 2023 AND AMOUNTS CREDITED UNDER THE PLAN ARE INCLUDED IN FORM 990, PART VII, SECTION A. THOMAS DEE - $327,832 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: CERTAIN LISTED OFFICERS AND BOARD MEMBERS ALSO SERVE AS OFFICERS AND BOARD MEMBERS OF SOUTHWESTERN VERMONT HEALTHCARE ENTERPRISES, A RELATED TAXABLE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS: THE SOLE MEMBER OF THE CORPORATION SHALL BE DARTMOUTH-HITCHCOCK HEALTH ('DHH'), A NONPROFIT CORPORATION, ACTING THROUGH ITS BOARD OF DIRECTORS (THE DHH BOARD). THE MEMBER SHALL TAKE ACTION BY RESOLUTION DULY ADOPTED BY THE DHH BOARD OR BY EXECUTION OF A WRITTEN CONSENT, AUTHORIZED BY THE DHH BOARD AND EXECUTED BY A PERSON SO AUTHORIZED. FORM 990, PART VI, SECTION A, LINE 7A DARTMOUTH-HITCHCOCK HEALTH ('DHH') WILL HAVE THE RIGHT TO INITIATE THE FOLLOWING ACTIONS TO BE TAKEN OR DIRECTED BY SVHC OR ITS AFFILIATES: REMOVAL OF SVHC OR SVHC AFFILIATE TRUSTEE AS WELL AS APPOINT, EVALUATE, DETERMINE THE COMPENSATION OF, AND TERMINATE THE CHIEF EXECUTIVE OFFICER OF SVHC AND SVMC. FORM 990, PART VI, SECTION A, LINE 7B THE AFFAIRS OF THE CORPORATION SHALL BE MANAGED AND CONDUCTED BY A BOARD OF DIRECTORS (THE BOARD), SUBJECT TO THE AUTHORITY AND DIRECTION OF THE DHH BOARD. THE DHH BOARD SHALL HAVE ULTIMATE RESPONSIBILITY TO ASSURE THAT THE POLICIES AND ACTIVITIES OF THE CORPORATION ARE COORDINATED WITH THOSE OF ITS AFFILIATED CORPORATIONS IN ORDER TO ACHIEVE A HIGHLY EFFICIENT, PATIENT-FOCUSED, INTEGRATED SYSTEM OF HEALTH CARE DELIVERY. ACCORDINGLY, ANY CORPORATE ACTION OF THE CORPORATION AUTHORIZED BY THE DHH BOARD SHALL BE DEEMED TO BE AUTHORIZED AND DIRECTED BY THE BOARD. IN THE ABSENCE OF ANY DIRECTION FROM DHH BOARD, THE BOARD MAY TAKE ACTION WITH RESPECT TO THE AFFAIRS OF THE CORPORATION IN ACCORDANCE WITH THESE BYLAWS, PROVIDED HOWEVER, THAT THE BOARD MAY NOT TAKE ACTION WITH RESPECT TO ANY OF THE FOLLOWING MATTERS WITHOUT AUTHORIZATION OF THE DHH BOARD: NOMINEES TO THE BOARD OF TRUSTEES; SIZE OF THE BOARD; ANNUAL OPERATING BUDGETS; CAPITAL BUDGETS; INDEBTEDNESS; DISPOSITION OF ASSETS; AUDITING FIRM; RESEARCH POLICIES; STRATEGIC PLANS; CLINICAL SERVICE OR PROGRAMS; EXERCISE OR WAIVER OF, OR MATERIAL MODIFICATIONS TO, RESERVED POWERS; MATERIAL STRATREGIC RELATIONSHIPS; MERGER/CHANGE OF CONTROL; ACQUISITION; CLOSURE; DISSOLUTION; DESIGNATION; AND AMENDMENTS OF ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON THE AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED BY THE ACCOUNTING DEPARTMENT OF THE ORGANIZATION. THE DRAFT 990 IS THEN REVIEWED BY MANAGEMENT AND ACCOUNTING. AFTER ALL SUGGESTED CHANGES FROM MANAGEMENT ARE MADE, THE UPDATED DRAFT FORM 990 IS THEN PRESENTED TO THE FINANCE COMMITTEE. AFTER ANY FINAL CHANGES ARE MADE, THE FORM 990 IS PRESENTED TO THE FULL BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: TRUSTEES, SENIOR OFFICERS, AND SENIOR MEDICAL STAFF MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AND POTENTIAL CONFLICTS OF INTEREST TO THE CORPORATE COMPLIANCE OFFICER ANNUALLY. IF THE CORPORATE COMPLIANCE OFFICER DETERMINES THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE MATTER IS REFERRED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR REVIEW AND MAY BE REFERRED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW: THE ORGANIZATION'S CEO POSITION IS PAID BY SOUTHWESTERN VERMONT MEDICAL CENTER (SVMC). THE PROCESS SVHC/SVMC USES TO DETERMINE CEO COMPENSATION IS AS FOLLOWS: THE BOARD ENGAGES AN OUTSIDE CONSULTING FIRM TO REVIEW COMPARABLE CEO SALARY DATA AND USES NATIONAL PROFESSIONAL ORGANIZATION SURVEY DATA IN THE DETERMINATION OF THE CEO'S SALARY AND BENEFITS. IN ADDITION, THE BOARD ENGAGES AN OUTSIDE CONSULTING FIRM AND ALSO USES NATIONAL PROFESSIONAL ORGANIZATION SURVEY DATA TO REVIEW THE WAGE DATA OF OTHER OFFICERS AND KEY EMPLOYEES. PROCESS BEGINS WITH A REQUEST TO SVHC'S/SVMC'S COMPENSATION CONSULTANT ASTRON SOLUTIONS TO PERFORM A MARKET ANALYSIS OF THE CEO POSITION. THIS REPORT IS USED AS THE BASIS FOR STRUCTURING COMPENSATION FOR THE CEO DURING THE NEXT CONTRACT PERIOD. BOARD LEADERSHIP REPRESENTATIVES REVIEW THE WAGE INFORMATION WITH THE CONSULTANTS TO ENSURE EXECUTIVE SALARIES FALL WITHIN THE TARGETED RANGE, AND THEN A CONTRACT IS DRAFTED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT DISCLOSURE: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: BOARD MEMBER COMPENSATION: NO TRUSTEE RECEIVES COMPENSATION FOR THEIR SERVICES AS A TRUSTEE OF THE BOARD. THOMAS DEE IS COMPENSATED AS THE CEO OF THE SOUTHWESTERN VERMONT HEALTHCARE SYSTEM. MICHAEL BRADY, DDS, RECEIVED COMPENSATION FOR HIS EMPLOYMENT WITH SVMC. MATTHEW VERNON, THEMARGE SMALL, MATTHEW STANISHEWSKI ARE COMPENSATED AS FULL TIME PHYSICIANS. STEPHEN LEBLANC IS COMPENSATED AS CHIEF STRATEGY OFFICER. FORM 990, PART XI, LINE 9: RESERVE ON AFFILIATE -12,238,548. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SVHC-NY LLC 100 HOSPITAL DRIVE BENNINGTON VT 05201 810770434 HEALTHCARE VT 1622273 1127239 SVHC SOUTHWESTERN VERMONT MEDICAL CENTER 100 HOSPITAL DRIVE BENNINGTON VT 05201 222563241 HOSPITAL VT 501(C)(3) LINE 3 SVHC 1 MOUNT ANTHONY HOUSING CORPORATION 100 HOSPITAL DRIVE BENNINGTON VT 05201 030279740 NURSING HOMES VT 501(C)(3) LINE 10 SVHC 1 SOUTHWESTERN VT HEALTH CARE FOUNDATION 100 HOSPITAL DRIVE BENNINGTON VT 05201 453362785 FUNDRAISING VT 501(C)(3) LINE 12A, I SVHC 1 TWIN RIVERS MEDICAL PC 2 SUNRISE DRIVE HOOSICK FALLS NY 12090 473028931 HEALTH CARE NY 501(C)(3) LINE 10 SVMC 1 NORTHERN BERKSHIRE MEDICAL PC 375 MAIN STREET WILLIAMSTOWN MA 01267 814023607 HEALTH CARE MA 501(C)(3) LINE 10 SVMC 1 HOOSICK FALLS HEALTH CENTER INC 21 DANFORTH STREET HOOSICK FALLS NY NY 12090 141370000 NURSING HOME NY 501(C)(3) LINE 3 SVHC 1 HOOSICK FALLS HEALTH CENTER FOUNDATION 21 DANFORTH STREET HOOSICK FALLS NY 12090 223186959 FUNDRAISING NY 501(C)(3) LINE 7 HFHC 1 SVHC REALTY INC 100 HOSPITAL DRIVE BENNINGTON VT 05201 861399877 REAL ESTATE MANAGMENT VT 501(C)(3) LINE 12A, I SVHC 1 DARTMOUTH-HITCHCOCK ONE MEDICAL CENTER DRIVE LEBANON NH 03756 264812335 PARENT ORGANIZATION NH 501(C)(3) LINE 7 N/A 0 VISITING NURSE ASSOCIATION AND HOSPICE OF VERMONT AND NEW HAMPSHIRE INC 88 PROSPECT STREET WHITE RIVER JUNCTION VT 05001 036006494 HOSPICE VT 501(C)(3) LINE 10 D-HH 0 CHESHIRE MEDICAL CENTER 580 COURT STREET KEENE NH 03431 020354549 HOSPITAL NH 501(C)(3) LINE 3 D-HH 0 MARY HITCHCOCK MEMORIAL HOSPITAL ONE MEDICAL CENTER DRIVE LEBANON NH 03756 020222140 HOSPITAL NH 501(C)(3) LINE 3 D-HH 0 DARTMOUTH-HITCHCOCK CLINIC ONE MEDICAL CENTER DRIVE LEBANON NH 03756 222519596 PHYSICIAN SERVICES NH 501(C)(3) LINE 10 D-HH 0 WINDSOR HOSPITAL CORPORATION 289 COUNTY ROAD WINDSOR VT 05089 030183721 HOSPITAL VT 501(C)(3) LINE 3 D-HH 0 ALICE PECK DAY MEMORIAL HOSPITAL 10 ALICE PECK DAY DRIVE LEBANON NH 03766 HOSPITAL NH 501(C)(3) LINE 3 D-HH 0 THE NEW LONDON HOSPITAL ASSOCIATION 273 COUNTY ROAD NEW LONDON NH 03257 020222171 HOSPITAL NH 501(C)(3) LINE 3 D-HH 0 SOUTHWESTERN VT HEALTH CARE ENTERPRISES 100 HOSPITAL DRIVE BENNINGTON VT 05201 030314501 HEALTHCARE VT SVHC C 588000 1.00000 1 1 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 HOOSICK FALLS HEALTH CENTER INC L 3069009 FMV OF SERVICES HOOSICK FALLS HEALTH CENTER INC S 235000 CASH SOUTWESTERN VERMONT MEDICAL CENTER A 2082510 FMV OF FACILITY SOUTWESTERN VERMONT MEDICAL CENTER P 1980086 CASH SCHEDULE R PART II-IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS THE REPORTING ORGANIZATION IS A MEMBER OF THE DARTMOUTH-HITCHCOCK HEALTH SYSTEM (ALSO KNOWN AS "DARTMOUTH HEALTH"). ADDITIONAL INFORMATION REGARDING RELATED ORGANIZATIONS CAN BE FOUND ON THE FORM 990, SCHEDULE R FOR DARTMOUTH-HITCHCOCK HEALTH.