Mary Powell Named to Blue Cross and Blue Shield of Vermont Board of Directors.Berlin – Mary G. Powell has been elected to the Board of Directors of Blue Cross and Blue Shield of Vermont. Ms. Powell was elected at the company’s recent annual meeting.Ms. Powell is senior vice president and chief operating officer for Green Mountain Power Corp. She was formerly senior vice president of community banking for KeyBank in Vermont. Prior to moving to Vermont from New York, she worked for the Reserve Fund as its associate director of operations. She also serves as a trustee of the Vermont Land Trust and Champlain College, and was appointed by the governor as co-chair of Building Bright Futures. She also serves as the co-chair of the Education Cost and Quality Task Force for the Vermont Business Roundtable.Blue Cross and Blue Shield of Vermont is the state’s only Vermont-based health insurer and is the largest private health plan in Vermont. It employs more than 350 people and provides health care benefits for more than 160,000 Vermonters. The company offers benefits and services to virtually all Vermont populations through its array of indemnity and managed care products and through its partner companies, The Vermont Health Plan and Comprehensive Benefits Administrators. BCBSVT and TVHP were recently named by U.S. News and World Reports as two of the top 50 health plans in the United States.The Blue Cross and Blue Shield of Vermont Board of Directors is comprised of 14 men and women, and its membership reflects representation from all corners of Vermont and all walks of life. Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.
U.S. nonprofits are growing in number, revenue and assets, according to the most recent data available on this important segment of the economy. Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses.According to the Urban Institute’s “Nonprofit Sector in Brief 2015,” the number of nonprofits registered with the Internal Revenue Service increased by about 3,000 a year between 2003 and 2013. Religious congregations and organizations generating less than $50,000 in annual revenue aren’t required to register, however, so the total number of nonprofits is unknown, according to the report.Finances related to U.S. nonprofits are also opaque, considering only a small percentage is required to file some version of Form 990, the return for organizations exempt from income tax. Based on filings with the IRS, however, reporting nonprofits’ revenues and assets grew more quickly between 2012 and 2013 than did their expenses, the Urban Institute said. Revenues increased 3 percent to $2.26 trillion; assets rose 5.2 percent to $5.17 trillion, and expenses grew 1.7 percent to $2.10 trillion. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr