Rutland Hospital Inc
85% goes to programs $10 to raise $100 Strong reserves
Rutland Hospital Inc is a 501(c)(3) organization based in Rutland, Vermont, registered in 1937, with $363,750,875 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
160 Allen St, Rutland, VT, 05701 EIN 03-0183483 Since 1937
Revenue (FY2023)
$363.8M
▲ 12.2% vs prior year
Health median: $840K
Expenses (FY2023)
$346.6M
Net assets
$290.6M
Employees
2,023
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $10 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Rutland Hospital Inc: 85% to programs · $10 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rutland Hospital Inc: 10 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Rutland Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rutland Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Rrmc provides high quality, hospital, and specialty care for all through the strength and compassion of our people. see schedule o for more information.
What they do
Inpatient care. inpatient care services include medical and surgical, intensive care, hospitalists, psychiatric, obstetrics and gynecology, nursery, and nursing. see schedule o for more information.
Diagnostic services. diagnostic services include laboratory, radiology, electroencephalography, and ct scanning. see schedule o for more information.
The revenues and expenses reported on part iii, line 4d, represent those amounts that are attributable to other program services conducted by the organization. these other services primarily represent other support services that are provided to hospital patients or that are conducted to support the overall function of the hospital, such as central supply and pharmacy services. other services also include benefit to the community through the payment of grants to other community organizations. see schedule i for detail regarding these grant payments.
Contact & location
- Address
- 160 Allen St, Rutland, VT, 05701
- City
- Rutland
- State
- Vermont
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $236.5M (FY2013) to $363.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $112.0MNet assets $290.6M
Operating margin
4.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$402.6M
Total liabilities
$112.0M
Net assets
$290.6M
Salaries & benefits
$197.3M
57% of expenses
Board members
19
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $363,750,875▲12.2% | $346,551,851▲2.3% | $290,588,365▲17.5% | $402,560,088▲15.0% | 990 |
| 2022 | $324,335,651▼3.6% | $338,672,122▼1.5% | $247,238,286▲11.7% | $350,013,249▲6.4% | 990 |
| 2021 | $336,286,326▲4.6% | $343,940,086▲13.1% | $221,437,230▼16.7% | $328,888,090▼13.5% | 990 |
| 2020 | $321,434,637▲8.3% | $304,090,560▲4.8% | $265,803,692▲17.6% | $380,016,568▲6.0% | 990 |
| 2019 | $296,861,710▲3.1% | $290,187,970▲3.2% | $226,069,002▲6.0% | $358,592,790▲22.7% | 990 |
| 2018 | $288,038,302▲2.4% | $281,097,138▲1.8% | $213,192,303▲3.5% | $292,231,354▲4.2% | 990 |
| 2017 | $281,194,734▲6.2% | $276,209,693▲7.5% | $206,055,199▲8.1% | $280,501,247▲2.2% | 990 |
| 2016 | $264,797,664▲1.0% | $256,995,051▲3.8% | $190,651,674▲20.6% | $274,435,855▲5.5% | 990 |
| 2015 | $262,302,015▼6.7% | $247,634,436▲3.8% | $158,132,570▲18.8% | $260,183,979▲9.8% | 990 |
| 2014 | $281,060,581▲18.8% | $238,624,074▲6.5% | $133,115,814▲2.5% | $237,035,867▼2.5% | 990 |
| 2013 | $236,524,907 | $224,140,694▲2.5% | $129,894,654▲8.8% | $243,152,551▲8.6% | 990 |
| 2012 | — | $218,757,377▲6.7% | $119,342,540▲44.8% | $223,940,436▲6.7% | 990 |
| 2011 | — | $204,982,078▲5.5% | $82,436,725▼1.7% | $209,893,240▲6.2% | 990 |
| 2010 | — | $194,246,523▲9.5% | $83,841,758▼6.9% | $197,570,340▲5.8% | 990 |
| 2009 | — | $177,460,238 | $90,100,943 | $186,761,925 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Eric Marsh Md — $1,266,288 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Marsh Md | Orthopedics | 40 | $1,266,288 |
| Melbourne D Boynton Md | Orthopedic Surgeon | 40 | $1,238,632 |
| Michael Robertello Md | Cardiology | 40 | $981,540 |
| Veronika Jedlovszky Md | Physician / Medical Director Pulmonary & Sleep Center | 40 | $893,380 |
| Claudio Fort | Former President / Ceo | 0 | $834,628 |
| Lindsay T Kleeman-forsthuber Md | Orthopedics | 40 | $826,432 |
| Judi K Fox | Interim Cfo End 12/23; President / Ceo | 40 | $635,518 |
| Michael Dimeola Md | Director | 40 | $563,991 |
| Todd Gregory Md | Physician, Former Medical Director | 40 | $525,819 |
| Alison Davis Md | Director Beg 05/24 | 40 | $458,624 |
| Phillip R Lapp Md | Director End 05/24 | 40 | $421,270 |
| Rick Hildebrant Md | Chief Medical Information Officer | 40 | $421,214 |
| Andrew P Denicco Md | Physician, Former Assistant Medical Director | 40 | $333,778 |
| Jonathan Reynolds | Vp Clinical Services | 40 | $300,340 |
| Brian Kerns | Vp Human Resources | 40 | $284,232 |
| Kelly O Watson | Vp Chief Nursing Officer | 40 | $281,846 |
| Mitchell E Baroody | Vp, Chief Legal Officer | 40 | $267,200 |
| Roger F Wakeman | Vp Support Services End 07/24 | 40 | $266,834 |
| Elizabeth A Kyhill | Vp Medical Group Operations | 40 | $225,676 |
| Thomas Huebner | Former President | 0 | $200,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cerner Corporation | Professional Service | $10,970,327 |
| Cross Country Staffing Inc | Temporary Staff | $9,699,411 |
| Oracle America Inc | Professional Service | $2,155,624 |
| Mayo Collaborative Service Inc | Lab Services | $1,328,667 |
| Medical Solutions LLC | Temporary Staff | $1,325,319 |
Grants received · $773K total
22 grants to Rutland Hospital Inc totaling $773K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vermont Community Foundation | To support the programs and operations of the foley cancer center at the rutland regional medical center. | 2024 | $40,148 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Vermont Community Foundation | General purpose | 2023 | $37,859 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Vermont Community Foundation | General purpose | 2022 | $37,679 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $35,350 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
| Vermont Community Foundation | General purpose | 2021 | $40,647 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2020 | $300,000 |
| Vermont Community Foundation | General purpose | 2020 | $32,546 |
| Vermont Community Foundation | General purpose | 2020 | $20,000 |
| American Endowment Foundation | Programs | 2020 | $5,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical | 2019 | $50,000 |
| Vermont Community Foundation | Gen. purpose | 2019 | $16,111 |
| Vermont Community Foundation | Gen. support | 2018 | $15,799 |
Grants made · $726K in FY2023
19 grants totaling $726K in FY2023 — showing the 15 largest. All grants made by Rutland Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Community Health Centers of the Rutland Region Inc | Comm health improvement | $125,842 |
| Park Street Healthshare Inc | Comm health improvement | $68,222 |
| Southern Vermont Area Health Education Center Inc | Comm health improvement | $61,520 |
| Rutland United Methodist Church | Comm health improvement | $60,000 |
| Vermont Country Pride Inc | Comm health improvement | $52,500 |
| Rutland Economic Development Corporation | Comm health improvement | $47,155 |
| Come Alive Outside | Comm health improvement | $46,550 |
| Social Tinkering Corp | Comm health improvement | $36,894 |
| Vermont State Colleges | Comm health improvement | $36,350 |
| Vermont Farmers Market Education Center | Comm health improvement | $34,000 |
| Housing Trust of Rutland County Inc | Comm health improvement | $30,000 |
| Housing Initiatives Inc | Comm health improvement | $26,400 |
| Paramount Center Inc | Comm health improvement | $25,000 |
| Vermont Adult Learning Inc | Comm health improvement | $20,000 |
| Boys and Girls Club of Rutland | Comm health improvement | $20,000 |
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Compare Rutland Hospital Inc
Frequently asked questions
- Is Rutland Hospital Inc a legitimate nonprofit?
- Yes. Rutland Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0183483, based in Rutland, Vermont. Donations are tax-deductible.
- What is Rutland Hospital Inc's EIN?
- Rutland Hospital Inc's Employer Identification Number (EIN) is 03-0183483.
- How much revenue does Rutland Hospital Inc report?
- Rutland Hospital Inc reported $363,750,875 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rutland Hospital Inc's spending goes to programs?
- Rutland Hospital Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rutland Hospital Inc have?
- CharityIndex grades Rutland Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Rutland Hospital Inc's highest-paid employee make?
- The highest reported compensation on Rutland Hospital Inc's latest Form 990 is $1,266,288, paid to Eric Marsh Md (Orthopedics).
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Data for Rutland Hospital Inc (EIN 03-0183483) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.