Springfield Hospital Inc
83% goes to programs $0 to raise $100 Growing revenue
Springfield Hospital Inc is a 501(c)(3) organization based in Springfield, Vermont, registered in 1967, with $64,225,999 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
25 Ridgewood Rd, Springfield, VT, 05156 EIN 03-0179437 Since 1967
Revenue (FY2023)
$64.2M
▲ 7.4% vs prior year
Health median: $840K
Expenses (FY2023)
$64.8M
Net assets
$10.3M
Employees
459
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 rating83% to programs · $0 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 Springfield Hospital Inc: 83% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -1% 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 Springfield Hospital Inc: 2 mo reserves · -1% margin earns a B 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 Springfield Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Springfield Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
25-bed critical access hospital
Contact & location
- Address
- 25 Ridgewood Rd, Springfield, VT, 05156
- City
- Springfield
- State
- Vermont
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.5M (FY2013) to $64.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $26.1MNet assets $10.3M
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$36.4M
Total liabilities
$26.1M
Net assets
$10.3M
Salaries & benefits
$25.4M
39% of expenses
Board members
11
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $64,225,999▲7.4% | $64,810,201▲7.1% | $10,296,518▼2.6% | $36,421,061▲10.9% | 990 |
| 2022 | $59,821,130▼2.6% | $60,539,949▲4.3% | $10,575,762▼1.1% | $32,855,951▲6.8% | 990 |
| 2021 | $61,425,493▲12.0% | $58,062,713▲8.9% | $10,693,280▲89.1% | $30,767,524▲6.3% | 990 |
| 2020 | $54,839,475▲15.0% | $53,300,753▲1.8% | $5,653,973▲145% | $28,932,259▲3.0% | 990 |
| 2019 | $47,698,440▼5.0% | $52,357,825▼18.3% | -$12,484,980▼77.1% | $28,092,094▲21.1% | 990 |
| 2018 | $50,195,187▼10.7% | $64,075,139▲0.8% | -$7,048,216▼175% | $23,192,779▼35.1% | 990 |
| 2017 | $56,239,401▲1.9% | $63,538,523▲9.3% | $9,451,654▼40.8% | $35,760,253▼12.7% | 990 |
| 2016 | $55,175,575▼1.7% | $58,149,884▲4.4% | $15,979,065▼9.7% | $40,943,110▲2.0% | 990 |
| 2015 | $56,135,712▼4.5% | $55,710,107▼1.5% | $17,692,202▲2.5% | $40,152,911▲1.6% | 990 |
| 2014 | $58,771,903▲11.9% | $56,571,489▼4.2% | $17,256,154▼2.6% | $39,528,850▼2.0% | 990 |
| 2013 | $52,517,107 | $59,078,108▲14.5% | $17,722,401▼25.3% | $40,324,114▼10.6% | 990 |
| 2012 | — | $51,609,953▼1.0% | $23,723,661▲10.3% | $45,124,709▲2.7% | 990 |
| 2011 | — | $52,110,294▲3.2% | $21,511,850▲7.7% | $43,937,083▲6.8% | 990 |
| 2010 | — | $50,471,289▼5.4% | $19,968,675▼3.0% | $41,143,144▲4.6% | 990 |
| 2009 | — | $53,344,863 | $20,596,260 | $39,326,205 | 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: David Muller Md — $671,733 (1.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Muller Md | Physician | 40 | $671,733 |
| Robert Cantu Md | Physician | 40 | $562,111 |
| John Ciocchi Md | Physician | 40 | $370,334 |
| Kira Balkcom Md Facog | Physician | 40 | $351,433 |
| Robert Adcock | Ceo/president | 40 | $347,016 |
| Lyndsy Mcintyre | Former Coo/cno | 0 | $327,146 |
| Ian Odigie Dpm | Podiatrist | 40 | $255,246 |
| Thusitha Cotter Md | Director | 40 | $244,030 |
| Kayda Wescott | Cfo | 40 | $213,676 |
| Doug Nilson Md | Director | 40 | — |
| Gabriel St Pierre | Director | 1 | — |
| Heather Frahm | Director | 1 | — |
| Jim Rumrill | Chairperson | 2 | — |
| John Bond | Secretary & Interim Treasurer | 2 | — |
| Lynn Raymond-empey | Vice Chairperson | 2 | — |
| Marty Gallagher | Director | 1 | — |
| Richard Root Edp Abpp | Director | 1 | — |
| Stephen Leblanc | Director | 1 | — |
| Walter Martone | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bluewater Emergency Partners | Physicians | $3,605,625 |
| Collaborative Anesthesia | Anesthesia Staffing | $1,061,367 |
| American Healthcare Staffing | Traveler Staffing Agency | $1,003,735 |
| Weatherby Locums Inc | Physicians | $940,655 |
| Health Carousel LLC | Traveler Staffing Agency | $752,274 |
Grants received · $36K total
3 grants to Springfield Hospital Inc totaling $36K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,800 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical | 2022 | $20,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $10,000 |
Grants made · $6.0M in FY2018
1 grant totaling $6.0M in FY2018. All grants made by Springfield Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Springfield Medical Care Systems Inc | The organization received a contribution to be used for the benefit of springfield medical care system, a related organization. the organization transferred this money to springfield medical care system to be used for its intended purpose. | $6,030,293 |
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Frequently asked questions
- Is Springfield Hospital Inc a legitimate nonprofit?
- Yes. Springfield Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0179437, based in Springfield, Vermont. Donations are tax-deductible.
- What is Springfield Hospital Inc's EIN?
- Springfield Hospital Inc's Employer Identification Number (EIN) is 03-0179437.
- How much revenue does Springfield Hospital Inc report?
- Springfield Hospital Inc reported $64,225,999 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Springfield Hospital Inc's spending goes to programs?
- Springfield Hospital Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Springfield Hospital Inc have?
- CharityIndex grades Springfield Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Springfield Hospital Inc's highest-paid employee make?
- The highest reported compensation on Springfield Hospital Inc's latest Form 990 is $671,733, paid to David Muller Md (Physician).
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Data for Springfield Hospital Inc (EIN 03-0179437) 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.