Overview
What is Porter Medical Center?
Porter Medical Center (PMC) is a vital community health provider situated in Middlebury, Vermont. As the parent holding company for its subsidiaries, Porter Hospital, Inc., and Helen Porter Nursing Home, Inc., PMC offers administrative and supporting services to ensure the smooth operation of its related entities. The organizations under PMC's umbrella include a 25-bed critical access hospital and a 98-bed nursing home and rehabilitation center. With a dedicated workforce of 34 employees, Porter Medical Center is committed to improving the health of its community, providing care one patient at a time.
Official website here: www.portermedical.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Porter Medical Center has received a low rating due to significant concerns in its financial management and program spending. While it boasts a solid governance structure with a majority of independent board members and a comprehensive audit and oversight framework, the nonprofit struggles with a high liabilities to assets ratio and a very low program expense ratio. These financial indicators suggest that a limited portion of its resources is going towards direct programs and services.
The organization's strengths lie in its governance practices, including a strong conflict of interest policy and whistleblower protections, which reflect a commitment to transparency and accountability. However, the absence of its tax form on the nonprofit's website raises concerns about its financial transparency. Users have noted that while the governance aspects are commendable, the financial performance needs urgent improvement to ensure more funds are directed towards its mission.
Overall, the significant financial weaknesses overshadow the positive aspects of Porter Medical Center’s governance, making it crucial for the organization to address these issues to regain public trust and improve its charitable effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Porter Medical Center legitimate?
Porter Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porter Medical Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $789,497
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,454,179
For more financial information, click here
Official website here: www.portermedical.org
What is the mission statement of Porter Medical Center?
Porter Medical Center (PMC) is dedicated to enhancing the health of its community, focusing on each patient individually. As the parent holding company for subsidiaries such as Porter Hospital Inc. and Helen Porter Nursing Home Inc., PMC provides administrative services to support their operations. Specifically, PMC manages public support and offers administrative services for related entities, including a 25-bed critical access hospital and a 98-bed nursing home and rehabilitation center. In essence, PMC's mission is to contribute to the well-being of its community by delivering quality healthcare services to its patients through its subsidiaries.
Official website here: www.portermedical.org
Who is the CEO of Porter Medical Center?
Tom Thompson is the President & Coo of Porter Medical Center.
Official website here: www.portermedical.org
What is the revenue of Porter Medical Center?
Porter Medical Center's revenue in 2022 was $5,357,232.
Official website here: www.portermedical.org
Who are the executives of Porter Medical Center and what are their salaries?
The average compensation at Porter Medical Center during 2022 was $95,402. There are 34 employees at Porter Medical Center.
Here are 27 key members and their salaries:
- Compensation: $0
- Related: $440,002
- Other: $49,887
- Compensation: $0
- Related: $324,592
- Other: $59,247
- Compensation: $0
- Related: $346,235
- Other: $32,054
- Compensation: $0
- Related: $8,255
- Other: $0
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- Other: $0
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- Compensation: $483,330
- Related: $0
- Other: $48,416
- Compensation: $126,103
- Related: $0
- Other: $20,030
- Compensation: $223,141
- Related: $0
- Other: $3,161
- Compensation: $185,973
- Related: $0
- Other: $7,499
- Compensation: $176,912
- Related: $0
- Other: $30,760
- Compensation: $137,731
- Related: $0
- Other: $22,782
- Compensation: $128,081
- Related: $0
- Other: $3,940
- Compensation: $0
- Related: $138,158
- Other: $2,426
Official website here: www.portermedical.org
Where can I find the form 990 for Porter Medical Center?
Porter Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.portermedical.org
Learn more at the official website: www.portermedical.org
Mission Statement of Porter Medical Center
Porter Medical Center, a parent holding company, is committed to enhancing the health of its community. It achieves this mission by providing care for individuals on an individual basis. Beyond its primary role, Porter Medical Center also serves as the administrative backbone for its subsidiaries, Porter Hospital, Inc. and Helen Porter Nursing Home, Inc., offering necessary support to ensure their smooth operation. Specifically, Porter Medical Center manages public support and offers administrative services to these entities, which include a 25-bed critical access hospital and a 98-bed nursing home and rehabilitation center.
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Impact
July, 2024
Porter Medical Center, through its subsidiaries, plays a crucial role in improving the health of the Middlebury, VT community. By operating a critical access hospital and a nursing home and rehabilitation center, Porter Medical Center provides essential healthcare services to residents in the area. Their mission to enhance the health of the community, one patient at a time, underscores their commitment to ensuring that individuals have access to quality medical care when needed. Ultimately, Porter Medical Center's impact can be seen in the improved well-being and health outcomes of those they serve in Middlebury and the surrounding areas.
This information is meant to be a general summary of Porter Medical Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,835
- Program Service Revenue: $5,214,560
- Gross Receipts: $5,357,232
Assets and Liabilities:
- Total Assets: $5,557,622
- Total Liabilities: $598,986
- Net Assets: $4,958,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SERVICES FOR REL ORGS
Revenue
$5,156,701
RENTAL INCOME FROM REL ORGS
Revenue
$57,859
Organization Details
Founding Year
1986
Phone
(802) 388-4701Principal Officer
Tom Thompson
Main Address
115 PORTER DRIVE, MIDDLEBURY, VT, 05753
Website
www.portermedical.orgNTEE Category
Code: E22Z - Health
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