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Nonprofit · EIN 03-0179418

GIFFORD MEDICAL CENTER INC

Tax-exempt · RANDOLPH, VT 05060

Financials

$70.3M$73.8M2022$75.3M$77.8M2023$86.1M$81.6M2024
Revenue Expenses · by fiscal year end
Financials of GIFFORD MEDICAL CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$86,130,283$81,624,044$4,506,239$101,022,342$31,229,624$69,792,718
September 30, 2024990$75,341,174$77,804,073-$2,462,899$101,156,177$35,331,395$65,824,782
September 30, 2023990$70,252,978$73,781,432-$3,528,454$102,439,864$31,057,840$71,382,024
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$7,625,729
of which government grants
$7,017,629
Program service revenue
$75,918,219
Investment income
$1,617,661
Net rental income
$813,089
Net gain from sales of assets
$141,982
Net income from fundraising events
$155,585
Other revenue
$968,674

Expenses

Grants and similar amounts paid
$141,606
Compensation of officers, directors and key employees
$949,834
Other salaries and wages
$33,303,927
Salaries, compensation and benefits (total)
$44,098,272
Professional fundraising fees
$0
Legal fees
$190,369
Accounting fees
$131,041
Occupancy
$1,681,507
Travel
$9,479
Depreciation
$4,124,588
Program services (functional)
$57,288,196
Management and general (functional)
$24,335,848

Balance sheet and other

Total assets, start of year
$101,156,177
Total assets, end of year
$101,022,342
Total liabilities, end of year
$31,229,624
Net assets, end of year
$69,792,718
Land, buildings and equipment
$28,651,188
Publicly traded securities
$18,639,930
Net assets without donor restrictions
$66,362,801
Net assets with donor restrictions
$3,429,917
Gross receipts
$92,286,529
Employees
484
Volunteers
38
Year formed
1905
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Douglass R WeissPhysician
Highest-paid employee
40$607,151$60,384
Jeffrey J BathPhysician
Highest-paid employee
40$610,835$22,389
Dennis P GilroyPhysician
Highest-paid employee
40$547,758$56,745
John A DreslinPhysician
Highest-paid employee
40$479,288$19,310
Aleksandr SokolovskyPhysician
Highest-paid employee
40$444,695$33,248
Daniel BennettPast President & CEO
Trustee or director, Officer
40$390,225$48,011
Emilija FloranceTrustee/Med. Staff President
Trustee or director
40$265,308$28,388
Cheyenne HollandCFO
Officer
40$127,726$6,639
Michael CostaPresident & CEO
Trustee or director, Officer
40$77,312$6,225
Jeffrey NelbChair
Trustee or director, Officer
1$0$0
Kristin ChandlerSecretary
Trustee or director, Officer
1$0$0
Peter ReedTreasurer
Trustee or director, Officer
1$0$0
Matthew ConsidineDirector/Trustee
Trustee or director
1$0$0
Jamie KinnarneyDirector/Trustee
Trustee or director
1$0$0
Kathleen MasonDirector/Trustee
Trustee or director
1$0$0
9 more people on this return
NameTitleHours / weekCompensation
Victor RibaudoDirector/Trustee
Trustee or director
1$0
Morgan RillingDirector/Trustee
Trustee or director
1$0
Cindy RosalboDirector/Trustee
Trustee or director
1$0
Megan CicioPast Vice Chair
Trustee or director, Officer
1$0
Jody DavignonPast Director/Trustee
Trustee or director
1$0
Frederick HauserPast Trustee
Trustee or director
1$0
Sarah JacksonPast Director/Trustee
Trustee or director
1$0
Paul PutneyPast Director/Trustee
Trustee or director
1$0
Clay WestbrookPast Director/Trustee
Trustee or director
1$0
990 for the year ended September 30, 2024: 24 people
NameTitleHours / weekCompensationOther / benefits
Jeffrey J BathPhysician
Highest-paid employee
40$487,399$58,938
Dennis P GilroyPhysician
Highest-paid employee
40$486,759$58,388
Bruce W AndrusPhysician
Highest-paid employee
40$438,541$41,239
Aleksandr SokolovskySurgeon
Highest-paid employee
40$447,127$31,875
John A DreslinPhysician Specialty Clinic
Highest-paid employee
40$445,060$19,148
Daniel BennettPresident & CEO
Trustee or director, Officer
40$399,393$50,757
William KingPast Inteirm CFO
Officer
40$369,968$0
Jennifer BertrandPast CFO
Officer
40$279,345$14,407
Emilija FloranceTrustee/Med. Staff President
Trustee or director
40$257,917$27,817
Cheyenne HollandCFO
Officer
40$158,925$0
Victor RibaudoChair
Trustee or director, Officer
1$0$0
Megan CicioVice Chair
Trustee or director, Officer
1$0$0
Peter ReedTreasurer
Trustee or director, Officer
1$0$0
Kristin ChandlerSecretary
Trustee or director, Officer
1$0$0
Matthew ConsidineDirector/Trustee
Trustee or director
1$0$0
Jody DavignonDirector/Trustee
Trustee or director
1$0$0
Frederick HauserTrustee
Trustee or director
1$0$0
Sarah JacksonDirector/Trustee
Trustee or director
1$0$0
Jeffrey NelbDirector/Trustee
Trustee or director
1$0$0
Morgan RillingDirector/Trustee
Trustee or director
1$0$0
Cindy RosalboDirector/Trustee
Trustee or director
1$0$0
Clay WestbrookDirector/Trustee
Trustee or director
1$0$0
Theron ManningPast Director/Trustee
Trustee or director
1$0$0
Todd WinslowPast Director/Trustee
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 23 people
NameTitleHours / weekCompensationOther / benefits
Dennis P GilroyPhysician
Highest-paid employee
40$452,299$46,242
Jeffrey J BathPhysician
Highest-paid employee
40$435,877$48,413
John A DreslinPhysician Specialty Clinic
Highest-paid employee
40$437,049$18,088
Joshua T WhiteChief Medical Officer
Highest-paid employee
40$378,596$48,569
Daniel BennettPresident & CEO
Trustee or director, Officer
40$366,183$46,287
Aleksandr SokolovskySurgeon
Highest-paid employee
40$322,656$9,052
Jennifer BertrandCFO
Officer
40$257,122$13,302
Emilija FloranceTrustee/Med. Staff President
Trustee or director
40$242,031$26,574
Megan O'BrienPast Trustee/Med. Staff President
Trustee or director
40$141,550$8,291
Victor RibaudoChair
Trustee or director, Officer
1$0$0
Megan CicioVice Chair
Trustee or director, Officer
1$0$0
Peter ReedSecretary
Trustee or director, Officer
1$0$0
Jody DavignonTreasurer
Trustee or director, Officer
1$0$0
Kristin ChandlerDirector/Trustee
Trustee or director
1$0$0
Matthew ConsidineDirector/Trustee
Trustee or director
1$0$0
Frederick HauserTrustee
Trustee or director
1$0$0
Sarah JacksonDirector/Trustee
Trustee or director
1$0$0
Theron ManningDirector/Trustee
Trustee or director
1$0$0
Jeffrey NelbDirector/Trustee
Trustee or director
1$0$0
Morgan RillingDirector/Trustee
Trustee or director
1$0$0
Clay WestbrookDirector/Trustee
Trustee or director
1$0$0
Todd WinslowDirector/Trustee
Trustee or director
1$0$0
Lincoln ClarkPast Director/Trustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
44 S MAIN ST, RANDOLPH, VT 05060-1381
In care of
% WAYNE D BENNETT
Principal officer (990 for 2024)
Michael Costa, 44 South Main Street, Randolph, VT 05060
Signed the 990
D Chris Frauenhofer, CFO
Phone
(802) 728-7000
Return prepared by
Berry Dunn McNeil & Parker LLC

Mission

The mission of Gifford Healthcare Inc. and its subsidiaries is to enhance the health and well-being of our communities by providing excellent patient-centered care including senior living services.

990 for the year ended September 30, 2025

Program accomplishments

  • Gifford Medical Center Inc. ("Gifford") operates a not-for-profit, 25 bed critical access hospital whereby medical providers and nurses provide around the clock care to patients. Inpatient care services include a medical/surgical unit, a birthing center, and end of life care. Gifford also offers a range of clinical and ancillary services: diagnostic imaging, laboratory testing, anesthesiology, cardiology, chiropractic care, hospitalists, neurology, oncology, orthopedics, pathology, podiatry, sports medicine, general surgery, and urology.Gifford Medical Center's caring and knowledgeable surgery team offers general surgery services including skin lesion and cyst removal, comprehensive breast care, diagnosis and treatment of all forms of cancer, wound care, pill endoscopy, colonoscopies and appendix removal. General surgeons provide a wide range of procedures (primarily focusing on the abdominal organs as well as diseases of the skin, breast, soft tissue and hernias) in both office and operating room settings.Gifford Medical Center offers various other health care services to the central Vermont area. Other services available include radiology, laboratory, respiratory therapy, physical therapy, occupationaltherapy, speech pathology, electro cardiology, chemotherapy, emergency, skilled nursing, labor and delivery, nursery, radioisotope, and electroencephalography.
    Expenses $57,288,196 · grants $141,606 · revenue $75,918,219

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
03-0179418
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1937
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E20)
Assets (IRS master file)
$101,022,342
Income (IRS master file)
$92,286,529

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$86,130,283$81,624,044$101,022,342XML
990September 2024$75,341,174$77,804,073$101,156,177XML
990September 2023$70,252,978$73,781,432$102,439,864XML
990-TSeptember 2023–––IRS
990September 2022$77,453,902$70,165,288$102,925,623IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0179418).

Questions about GIFFORD MEDICAL CENTER INC

What is the EIN of GIFFORD MEDICAL CENTER INC?
The employer identification number (EIN) of GIFFORD MEDICAL CENTER INC is 03-0179418.
Is GIFFORD MEDICAL CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
Are donations to GIFFORD MEDICAL CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GIFFORD MEDICAL CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GIFFORD MEDICAL CENTER INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GIFFORD MEDICAL CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of GIFFORD MEDICAL CENTER INC?
The 990 for the year ended September 30, 2025 names Michael Costa.
Who are the officers and directors of GIFFORD MEDICAL CENTER INC?
The 990 for the year ended September 30, 2025 lists 24 people; 9 received compensation from the organization, the highest $607,151 (Douglass R Weiss, Physician).
How much revenue does GIFFORD MEDICAL CENTER INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $86,130,283, expenses of $81,624,044 and total assets of $101,022,342 at year end.

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