Is University Of Vermont Medical Center Auxiliary Legit?

The University Of Vermont Medical Center Auxiliary demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, the organization reported revenues of $606,944 against expenses of $659,931, indicating a slight operational deficit. This trend of expenses sometimes exceeding revenue is also visible in 2022 ($581,898 revenue vs. $622,308 expenses) and 2021 ($329,791 revenue vs. $575,547 expenses). However, the organization has also had periods of surplus, such as in 2020 ($998,562 revenue vs. $891,780 expenses). The auxiliary's assets have fluctuated, peaking at $556,525 in 2020 and currently standing at $174,204 in 2023, suggesting a reliance on annual operational income rather than significant asset accumulation. Spending efficiency appears to be focused on program delivery, as indicated by the absence of reported officer compensation across all filings, suggesting a volunteer-driven leadership model. This structure inherently reduces administrative overhead related to executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the lack of officer compensation is a positive indicator for efficient use of funds. The organization's liabilities have remained relatively low, with the highest reported at $77,252 in 2019, and currently at a very modest $2,532 in 2023, indicating good financial management regarding debt. Transparency is generally good, with consistent annual filings available. The absence of officer compensation is a key transparency point, showing that leadership is not drawing salaries from the organization's funds. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external analysis, though this information is typically available within the full 990 forms. Overall, the auxiliary appears to be a financially stable, volunteer-led organization supporting its parent medical center.