Velarion Records

Critical access hospital · Middlebury, Vermont · 25 beds · CMS certification number 471307

Porter Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended September 30, 2025, as submitted, stamped by CMS March 17, 2026. Twenty years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$103.6M
$103,593,514 · G-3 line 3
Operating expenses
$129.0M
$128,984,575 · G-3 line 4
Result from patient care
−$25.4M
−$25,391,061 · G-3 line 5
Margin on patient care
−24.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $34.2M in its first year on file (2006) to $103.6M in 2025.
  • Its result from patient care: −$16.9M (2023), −$22.3M (2024), −$25.4M (2025).
  • All 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 11.8% of its inpatient days and Medicare for 33.6%.

Every statement is drawn from figures on this page; nothing is estimated.

Twenty years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2006
settled
$34.2M
$31.0M
2007
settled with audit
$44.0M
$45.8M
2008
settled
$49.6M
$51.8M
2009
settled
$57.3M
$56.3M
2010
reopened
$54.1M
$59.1M
2011
settled
$58.5M
$57.8M
2012
settled
$60.5M
$68.4M
2013
settled
$64.2M
$69.7M
2014
settled with audit
$66.0M
$71.7M
2015
settled
$70.6M
$74.9M
2016
settled with audit
$83.9M
$87.7M
2017
settled
$83.9M
$91.0M
2018
settled
$68.7M
$81.2M
2019
reopened
$68.6M
$86.6M
2020
settled
$59.3M
$86.2M
2021
settled with audit
$70.6M
$91.6M
2022
amended
$78.1M
$102.0M
2023
amended
$93.9M
$110.7M
2024
amended
$98.0M
$120.3M
2025
as submitted
$103.6M
$129.0M

Beside its peers

Critical access hospitals in Vermont with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Porter Hospital25$103,593,514$128,984,575−24.5%
Copley Hospital, Morrisville25$115,182,248$115,885,016−0.6%
Gifford Medical Center, Randolph25$58,546,944$81,705,942−39.6%
Mt. Ascutney Hospital and Health Center, Windsor25$68,525,000$75,265,465−9.8%
North Country Hospital & Health Center, Newport25$96,557,455$115,580,498−19.7%
NVRH, St. Johnsbury25$125,703,837$136,482,777−8.6%

Patients and payers

Discharges
1,511
S-3 line 14, col 15
Inpatient days
6,425
S-3 line 14, col 8
Beds in use, on an average day
17.7
days ÷ days in year
Occupancy
70.4%
days ÷ bed days
Medicare share of days
33.6%
S-3 cols 6 ÷ 8
Medicaid share of days
11.8%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: PORTER MGMT SER; UVMHN.

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by PORTER HOSPITAL INC (employer identification number 030181058) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$12,919,009IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$769,508IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$9,531,677IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$10,301,185IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$2,617,824IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1166IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202412279349301681. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by PORTER HOSPITAL INC (employer identification number 030181058) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ALICIA GRANGENTDIRECTOR (AS OF 1/2023)Trustee/director$0$0$0
AMEY RYANDIRECTOR (TIL 12/2022)Trustee/director$0$0$0
AMY BISHOPCRNAHighest-compensated employee$314,772$0$40,402
ANNE COLLINSDIRECTORTrustee/director$0$0$0
BILL CUNNINGHAMDIRECTOR (AS OF 1/2023)Trustee/director$0$0$0
BOB ORTMYERPRESIDENT & COO (AS OF 9/2023)Officer$0$358,016$30,296
BRANDI BETCHER HELMAVP OPERATIONS (AS OF 7/2023)Key employee$169,879$0$6,029
CHERYL MULLINSDIRECTOR (TIL 7/2023)Trustee/director$0$0$0
DEBRA STENNERDIRECTOR (TIL 12/2022)Trustee/director$0$0$0
DR KRISTOFER ANDERSONDIRECTORTrustee/director$0$347,740$33,531
DR LINN LARSONDIRECTOR (TIL 12/2022)Trustee/director$4,677$0$0
ERIC BERGCRNAHighest-compensated employee$379,043$0$46,783
ERIC SHUBERTPHARMACISTHighest-compensated employee$183,984$0$34,503
HELENA VAN VOORSTDIRECTORTrustee/director$0$0$0
JUDSON BARTLETTVICE CHAIRTrustee/director, Officer$0$0$0
JUDY PEEK-LEEFMR INTERIM CFOFormer$0$409,410$31,192
KIM FARNHAMDIRECTOR (AS OF 1/2023)Trustee/director$0$0$0
LINDA HAVEYAVP OPERATIONSKey employee$0$232,485$11,111
LINDA SCHIFFERCHAIRTrustee/director, Officer$0$0$0
MATTHEW CURRANTREASURERTrustee/director, Officer$0$0$0
MEGAN BRAKELYDIRECTOR (AS OF 1/2023)Trustee/director$0$0$0
MICHAEL LEYDENAVP OPERATIONS (TIL 7/2023)Key employee$0$220,005$34,708
NICHOLAS LOVEJOYDIRECTOR/SECRETARYTrustee/director, Officer$0$0$0
RICHARD FOOTEDIRECTORTrustee/director$0$0$0
SARAH RAYDIRECTOR (TIL 12/2022)Trustee/director$0$0$0
SCOTT COMEAUCFOOfficer$0$237,564$38,498
SIVAN COTELDIRECTORTrustee/director$0$0$0
TIFFANY LOVEAVP/CHIEF NURS OFF (TIL 7/2023)Highest-compensated employee$231,884$0$18,974
TOM THOMPSONPRESIDENT & COO (TIL 9/2023)Officer$0$504,516$46,297
WILLIAM HARRINGTONCRNAHighest-compensated employee$288,243$0$8,834

E-file object id 202412279349301681. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 471307. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read March 17, 2026.