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Southwestern Vermont Medical Center

Bennington, VT · EIN 22-2563241 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Southwestern Vermont Medical Center reported $240.3 million in revenue and $236.1 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $87.53 went to program services, $12.47 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.7% of the total. The highest compensation it reported for one person was $1,097,619 (TRUSTEE). 122 people received more than $100,000 in reportable compensation. Revenue rose 38% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $236M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $240M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
12.5%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
1.8%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
1.5%0.1%
Program service revenue share
Part VIII 2g ÷ 12
97.7%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,097,619$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.46%1.34%
People paid over $100,000
Part VII, line 2
12227
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.16.6
Independent voting board members
Part VI 1a–1b
16 of 2188.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$157M expenses · 75.7% of program spending · grants $17,575 · revenue $205M

Southwestern Vermont Medical Center is a 99 bed hospital that provides inpatient and outpatient medical services and physician services in bennington and the surrounding area. It is vermont's only magnet hospital for nursing excellence. Its services include a fully staffed emergency department, cancer center, a family centered birth place, minimally invasive and other surgical services, a renal dialysis unit, and a full service accredited laboratory

$50M expenses · 24.3% of program spending · revenue $29M

The medical practice group includes: primary care physicians, rheumatology and immunology, radiation oncology, medical oncology, pediatric practice, general surgery practice, gastroenterology, urology practice, orthopedics, three off campus clinics, internal medicine practice, infectious disease practice, ob/gyn practice, anesthesia services, dentistry, geriatric practice, pulmonology, dermatology, neurology, cardiology, palliative care and endocrinology

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
TRUSTEE
Director/trustee, 1.00 hrs/week
$0$1,051,727$45,892$1,097,619
TRUSTEE
Director/trustee, 1.00 hrs/week
$0$1,016,111$54,138$1,070,249
CEO
Director/trustee, officer, 36.00 hrs/week
$665,360$0$141,489$806,849
CMO
Key employee, 38.00 hrs/week
$0$470,244$45,163$515,407
VP HR
Key employee, 39.00 hrs/week
$371,189$0$27,791$398,980
CNO
Key employee, 40.00 hrs/week
$329,494$0$64,555$394,049
CFO/TREASURER
Officer, 26.00 hrs/week
$381,669$0$3,790$385,459
TRUSTEE
Director/trustee, 1.00 hrs/week
$0$321,078$49,813$370,891

122 people received more than $100,000 in reportable compensation from Southwestern Vermont Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400MFY2020FY2021FY2022FY2023FY2024FY2025$240M$236M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$240M$236M87.5%$60M$1,097,619
FY2024 ⓘ$229M$225M86.8%$54M$1,084,408
FY2023 ⓘ$198M$204M86.3%$45M$1,747,038
FY2022 ⓘ$196M$196M86.9%$46M$949,147
FY2021 ⓘ$191M$181M88.0%$38M$858,402
FY2020 ⓘ$174M$168M89.8%$30M$823,675

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b21 · 16 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,229
  • Volunteers Part I, line 636

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
DARTMOUTH HITCHCOCK MEDICAL CENTER
Psa agreement
$32,682,346
DARTMOUTH HITCHCOCK MEDICAL CENTER
Purchased svcs - lab, tech, admin, pharm
$2,861,113
RENOVO SOLUTIONS LLC
Biomedical engineering
$561,261
CLARO HEALTHCARE LLC
Inpatient cdi
$557,208
BRIAN MARCHENGIANI MACK BROTHERS ELEVATO
Capital expenditure
$526,324

Individuals listed as contractors are left out. 19 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to Southwestern Vermont Medical Center totaling $2,048 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Southwestern Vermont Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Southwestern Vermont Medical Center, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Vermont

Questions people ask

How much of Southwestern Vermont Medical Center's spending goes to programs?

In the fiscal year ending September 30, 2025, Southwestern Vermont Medical Center reported that 87.5% of its $236.1 million in expenses went to program services, 12.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Southwestern Vermont Medical Center pay its top executive?

The largest total compensation Southwestern Vermont Medical Center reported for one person in the fiscal year ending September 30, 2025 was $1,097,619, for the role of TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Southwestern Vermont Medical Center get its money?

Of $240.3 million in revenue in the fiscal year ending September 30, 2025, 1.8% came from contributions and grants (including 1.5% from government grants) and 97.7% from program service revenue (Form 990, Part VIII).

Is Southwestern Vermont Medical Center a registered charity?

The IRS lists EIN 22-2563241 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642159349300394 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502249349302550 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422279349303072 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342409349300919 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242139349300699 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112259349302351 · read the filing

All filings for EIN 22-2563241: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.