Civic Intelligence

Richford Health Center Inc

EIN 03-0215982 • 501(c)3 • Richford, VT

Profile

To guard, promote, preserve and restore the health of persons residing in franklin and grand isle counties.

44 Main Street Suite 200Richford, VT 05476

www.notchvt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.10x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.13x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

55th percentile

6.3%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$274,703

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

58th percentile

7.9%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

4.2%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$35,671,409

Up $2,621,192 (+7.9%) from 2023

Liabilities

Up

$3,678,825

Up $392,316 (+12%) from 2023

Net Assets

Up

$31,992,584

Up $2,228,876 (+7.5%) from 2023

Revenue

Up

$28,459,945

Up $1,158,049 (+4.2%) from 2023

Expenses

Up

$26,676,976

Up $2,042,248 (+8.3%) from 2023

Net Income

Down

$1,782,969

Down $884,199 (-33%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $6,686,161Liabilities 2010: $2,048,502Net Assets 2010: $4,637,6592010Assets 2011: $7,689,818Liabilities 2011: $2,079,766Net Assets 2011: $5,610,0522011Assets 2012: $8,386,439Liabilities 2012: $2,083,059Net Assets 2012: $6,303,3802012Assets 2013: $9,573,459Liabilities 2013: $3,496,639Net Assets 2013: $6,076,8202013Assets 2014: $10,451,560Liabilities 2014: $3,271,805Net Assets 2014: $7,179,7552014Assets 2015: $12,558,291Liabilities 2015: $3,468,725Net Assets 2015: $9,089,5662015Assets 2016: $13,448,367Liabilities 2016: $3,254,677Net Assets 2016: $10,193,6902016Assets 2017: $15,100,568Liabilities 2017: $2,794,894Net Assets 2017: $12,305,6742017Assets 2018: $16,655,050Liabilities 2018: $2,683,218Net Assets 2018: $13,971,8322018Assets 2019: $18,310,943Liabilities 2019: $2,390,839Net Assets 2019: $15,920,1042019Assets 2020: $21,557,926Liabilities 2020: $1,651,165Net Assets 2020: $19,906,7612020Assets 2021: $25,264,953Liabilities 2021: $1,425,790Net Assets 2021: $23,839,1632021Assets 2022: $30,004,123Liabilities 2022: $3,548,802Net Assets 2022: $26,455,3212022Assets 2023: $33,050,217Liabilities 2023: $3,286,509Net Assets 2023: $29,763,7082023Assets 2024: $35,671,409Liabilities 2024: $3,678,825Net Assets 2024: $31,992,5842024

Highlighted filing

2024

Assets$35,671,409
Liabilities$3,678,825
Net Assets$31,992,584

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $6,117,4342010Expenses 2011: $6,447,0352011Expenses 2012: $6,767,8402012Revenue 2013: $8,345,893Expenses 2013: $7,440,816Net Income 2013: $905,0772013Revenue 2014: $9,482,031Expenses 2014: $8,379,096Net Income 2014: $1,102,9352014Revenue 2015: $10,369,383Expenses 2015: $8,459,572Net Income 2015: $1,909,8112015Revenue 2016: $11,647,109Expenses 2016: $10,542,985Net Income 2016: $1,104,1242016Revenue 2017: $13,817,779Expenses 2017: $11,761,895Net Income 2017: $2,055,8842017Revenue 2018: $15,156,991Expenses 2018: $13,369,204Net Income 2018: $1,787,7872018Revenue 2019: $16,422,682Expenses 2019: $14,719,956Net Income 2019: $1,702,7262019Revenue 2020: $19,324,460Expenses 2020: $15,482,911Net Income 2020: $3,841,5492020Revenue 2021: $21,205,017Expenses 2021: $17,508,046Net Income 2021: $3,696,9712021Revenue 2022: $25,310,235Expenses 2022: $21,549,789Net Income 2022: $3,760,4462022Revenue 2023: $27,301,896Expenses 2023: $24,634,728Net Income 2023: $2,667,1682023Revenue 2024: $28,459,945Expenses 2024: $26,676,976Net Income 2024: $1,782,9692024

Highlighted filing

2024

Revenue$28,459,945
Expenses$26,676,976
Net Income$1,782,969

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$3.68$32.0$28.5$26.7$1.78
2023Detailed filing. Detailed filing data is available for this year.$33.1$3.29$29.8$27.3$24.6$2.67
2022Detailed filing. Detailed filing data is available for this year.$30.0$3.55$26.5$25.3$21.5$3.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$1.43$23.8$21.2$17.5$3.70
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$1.65$19.9$19.3$15.5$3.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$2.39$15.9$16.4$14.7$1.70
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$2.68$14.0$15.2$13.4$1.79
2017Detailed filing. Detailed filing data is available for this year.$15.1$2.79$12.3$13.8$11.8$2.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$3.25$10.2$11.6$10.5$1.10
2015Detailed filing. Detailed filing data is available for this year.$12.6$3.47$9.09$10.4$8.46$1.91
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$10.5$3.27$7.18$9.48$8.38$1.10
2013Detailed filing. Detailed filing data is available for this year.$9.57$3.50$6.08$8.35$7.44$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.39$2.08$6.30$6.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.69$2.08$5.61$6.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.69$2.05$4.64$6.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.0
Gross Receipts
$57,951,081
Mission and Program Overview

Mission

To guard, promote, preserve and restore the health of persons residing in franklin and grand isle counties.

To promote, preserve and restore the health of persons residing in northwestern vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,441,368$14,353,988▼ $87,380
Land, Buildings, and Equipment, Net$7,536,397$8,316,520▲ $780,123
Accounts Receivable$3,658,190$4,053,062▲ $394,872
Savings and Temporary Cash Investments$1,013,083$2,809,812▲ $1,796,729
Cash and Non-Interest-Bearing Accounts$2,105,142$2,282,065▲ $176,923
Inventories for Sale or Use$1,494,698$1,620,642▲ $125,944
Intangible Assets$721,329$650,478▼ $70,851
Investments Other Securities$301,074$174,220▼ $126,854
Prepaid Expenses and Deferred Charges$143,835$57,713▼ $86,122
Other Notes and Loans Receivable, Net$52,600--
Pledges and Grants Receivable$27,597$40,107▲ $12,510
Total Assets$33,050,217$35,671,409▲ $2,621,192
Other Assets Total$1,554,904$1,312,802▼ $242,102
Liabilities
Accounts Payable and Accrued Expenses$1,705,516$2,416,137▲ $710,621
Other Liabilities$1,512,860$1,262,688▼ $250,172
Mortgage Notes Payable Secured by Investment Property$58,666--
Deferred Revenue$9,467--
Total Liabilities$3,286,509$3,678,825▲ $392,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,693,708$31,922,584▲ $2,228,876
Net Assets With Donor Restrictions$70,000$70,000→ $0
Total Net Assets Fund Balance$29,763,708$31,992,584▲ $2,228,876
Total Liabilities and Net Assets / Fund Balance$33,050,217$35,671,409▲ $2,621,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,287,890$2,092,997$8,380,887
Equipment$1,071,800$2,710,410$3,782,210
Land$941,772-$941,772
Leasehold Improvements-$101,151$101,151
Other Land Buildings$15,058$2,542$17,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Therese RayPhysicianFT$214,026$60,677$274,703
Dr Erick LavalleePhysicianFT$250,049$13,932$263,981
Dr Ethan HundleyPhysicianFT$218,191$28,432$246,623
Kathy BenoitCEOFT$213,531$23,255$236,786
Dr Meghraisinh AtodariaDentistPT$202,257$19,498$221,755
Dr Anshul MahajanDentistFT$190,081$10,301$200,382
Amanda CombsCFOFT$128,350$10,421$138,771

Board Members and Trustees

NameTitle
Dan CarswellPresident
Bryant ReynoldsDirector
Lise GatesDirector
Naomi Wolcott-maccauslandDirector
Penny WrightDirector
Robert Zelazo MdDirector
Sarah HaddDirector
Vanessa KittellDirector
Vaughn ComeauDirector
Virginia MessierDirector
Debra MasonDirector (to
Wallace SteinhourDirector (to
Wendy HowardSecretary
Marie LangevinTreasurer
Michel ConsejoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,250,876
Program Service Revenue
$19,035,658
Investment Income
$587,570
Other Revenue
$5,585,841
All Other Contributions
$656,046
Change in Net Assets
$1,782,969

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$28,371Fair Market Value (FMV)
Total Noncash Contributions$28,371-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,459,945
Revenue Not Reported on Form 990
$445,907
Total Revenue per Audited Statements
$28,905,852
Total Revenue per Form 990
$28,459,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,793,287
Other Expenses$6,883,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,531,410$1,913,683-$15,445,093
Other Employee Benefits$1,979,012$279,136-$2,258,148
All Other Expenses$696,301$620,520-$1,316,821
Payroll Taxes$999,795$172,276-$1,172,071
Depreciation Depletion$403,346$163,126-$566,472
Pension Plan Contributions$475,668$66,750-$542,418
Occupancy$496,708$23,144-$519,852
Other Expenses$443,974$189,361-$443,974
Current Officers, Directors, Trustees, and Key Employees-$375,557-$375,557
Information Technology$203,642$48,147-$251,789
Insurance$71,270$78,844-$150,114
Office Expenses$86,918$31,067-$117,985
Fees for Services Accounting-$45,800-$45,800
Travel$2,495$10,116-$12,611
Fees for Services Legal-$7,190-$7,190
Advertising$1,025--$1,025
Conferences and Meetings$757--$757
Total Functional Expenses$22,652,046$4,024,930$0$26,676,976

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,676,976
Total Expenses per Audited Statements$26,676,976
Total Expenses per Form 990$26,676,976
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$1,262,688
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Notch makes the irs form 990 available for all board members to review prior to filing via the monthly board meeting. At the request of the members it can also be sent electronically. Board members have an opportunity to respond with questions prior to the final report being filed.

Form 990, Page 6, Part VI, Line 12C

All employees and board memembers receive the conflict of interest policy annually. Every recipient must sign off on this policy, indicating that they received and are in compliance with the policy.

Form 990, Page 6, Part VI, Line 15A

There is a personnel committee which meets at least annually to approve proposed pay scales. Several different systems are used to make sure wages are reasonable and competitive. They include: 1) vermont department of labor - this source lists jobs by description with pay ranges by region for the entire state. 2) indeed 3) local prevailing wages - upon interview asking wage of candidates for the position. 4) 990 tax returns of other vermont fqhcs - these returns report wages of highly compensated and key employees. These are public record documents and usually are available timely.

Form 990, Page 6, Part VI, Line 15B

Same as for ceo or top management officials (except executive director).

Form 990, Page 6, Part VI, Line 19

Notch makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and through the guidestar website.

Filing and Contact Details

Filer

Filer Name
Richford Health Center Inc
EIN
03-0215982
Phone
8022555562
Address
44 MAIN STREET SUITE 200, RICHFORD, VT 05476
Doing Business As
Notch

Signing Officer

Name
Kathy Benoit
Title
CEO
Phone
8022555560
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Benoit
Formed
1962
Legal Domicile
Vt
Voting Board Members
13
Independent Board Members
13
Employees
294
Volunteers
15

Preparer

Firm
Davis & Hodgdon Associates Cpas Plc
Address
33 BLAIR PARK RD STE 201, WILLISTON, VT 05495
Preparer
Bret Hodgdon
Phone
8028781963
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Notch's largest program services, as measured by total expenses incurred, are comprehensive health services delivered to more than 21,000 patients of all ages. Our federally qualified health center (fqhc) serves the general population of 15 towns in vermont's franklin and grand isle counties at facilities situated in alburg, enosburg, fairfax, georgia, richford, swanton and st. Albans. Notch offers primary medical, behavioral, and support services at all locations and dental services in richford and swanton. Medication assisted treatment (mat) services are delivered at all notch medical offices except alburg health center. Either through direct provision or arrangement, notch ensures its users access to all services required under the federal 330 (e) program, regardless of ability to pay. Our health care team works from an integrated health model for medical and behavioral health services. Notch medical providers work collaboratively with behavioral providers to deliver optimum care. Integrated health services are designed to meet the needs of the entire family and address the whole person. These services include: physical examinations, immunizations, chronic disease management, acute care, laboratory services, care coordination, referrals, birth control, dot physicals, counseling, goal setting to improve personal health, symptoms management of anxiety and depression, identification of mental health barriers to meet health care goals, and mat services.

Form 990, Page 2, Part III, Line 4D

Other income including management service fees and community benefit programs including operation of grocery store for the benefit of the community as notch is located in a food desert.

Financial Statement Notes

Schedule D, Page 3, Part X

The center annually files an irs form 990, return of organization exempt from income tax, tax return in the u.s. Federal jurisdiction. The center is no longer subject to u.s. Federal income tax examination by tax authorities for the years prior to 2021. In the normal course of business, the center is subject to examination by various taxing authorities. Although the outcome of tax audits is always uncertain, the center believes that there are no significant unrecognized tax liabilities at december 31, 2024.

Raw XML AppendixShowing 400 of 757 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0NOTCH'S LARGEST PROGRAM SERVICES, AS MEASURED BY TOTAL EXPENSES INCURRED, ARE COMPREHENSIVE HEALTH SERVICES DELIVERED TO MORE THAN 21,000 PATIENTS OF ALL AGES. OUR FEDERALLY QUALIFIED HEALTH CENTER (FQHC) SERVES THE GENERAL POPULATION OF 15 TOWNS IN VERMONT'S FRANKLIN AND GRAND ISLE COUNTIES AT FACILITIES SITUATED IN ALBURG, ENOSBURG, FAIRFAX, GEORGIA, RICHFORD, SWANTON AND ST. ALBANS. NOTCH OFFERS PRIMARY MEDICAL, BEHAVIORAL, AND SUPPORT SERVICES AT ALL LOCATIONS AND DENTAL SERVICES IN RICHFORD AND SWANTON. MEDICATION ASSISTED TREATMENT (MAT) SERVICES ARE DELIVERED AT ALL NOTCH MEDICAL OFFICES EXCEPT ALBURG HEALTH CENTER. EITHER THROUGH DIRECT PROVISION OR ARRANGEMENT, NOTCH ENSURES ITS USERS ACCESS TO ALL SERVICES REQUIRED UNDER THE FEDERAL 330 (E) PROGRAM, REGARDLESS OF ABILITY TO PAY. OUR HEALTH CARE TEAM WORKS FROM AN INTEGRATED HEALTH MODEL FOR MEDICAL AND BEHAVIORAL HEALTH SERVICES. NOTCH MEDICAL PROVIDERS WORK COLLABORATIVELY WITH BEHAVIORAL PROVIDERS TO DELIVER OPTIMUM CARE. INTEGRATED HEALTH SERVICES ARE DESIGNED TO MEET THE NEEDS OF THE ENTIRE FAMILY AND ADDRESS THE WHOLE PERSON. THESE SERVICES INCLUDE: PHYSICAL EXAMINATIONS, IMMUNIZATIONS, CHRONIC DISEASE MANAGEMENT, ACUTE CARE, LABORATORY SERVICES, CARE COORDINATION, REFERRALS, BIRTH CONTROL, DOT PHYSICALS, COUNSELING, GOAL SETTING TO IMPROVE PERSONAL HEALTH, SYMPTOMS MANAGEMENT OF ANXIETY AND DEPRESSION, IDENTIFICATION OF MENTAL HEALTH BARRIERS TO MEET HEALTH CARE GOALS, AND MAT SERVICES.
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