Cheshire Health Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1896

Legal Domicile

Phone

6033545400

Tax Period

2024-07-01 to 2025-06-30

Cheshire Health Foundation, founded in 1896, is a community nonprofit in the Health Care sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $8.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. THE CHESHIRE HEALTH FOUNDATION PROVIDES MANAGEMENT OF BOARD-DESIGNATED, SPECIAL-PURPOSE, BUILDING, AND ENDOWMENT FUNDS.

Program Service Accomplishments

Program 1

Expenses: $8,213,882 Revenue: $0

Cheshire Health Foundation raises funds to support the health and wellness mission of Cheshire Medical Center. For Fiscal Year 2025, Medical Center senior leaders and Trustees collaborated with...

Cheshire Health Foundation raises funds to support the health and wellness mission of Cheshire Medical Center. For Fiscal Year 2025, Medical Center senior leaders and Trustees collaborated with Foundation Trustees to determine strategic needs for the year. The support of the purchase of second Linear Accelerator for Radiation Oncology services in Cheshire's Cancer Center was selected as the strategic funding priority for the FY 2025 Annual Fund. The total cost of the Linear Accelerator will exceed $2 million dollars, and $520,432 was raised through the Annual Fund and fundraising events. The Foundation also received gifts and pledges from donors towards their $42 million Capital Campaign which was still in the "Silent Phase." The Capital Campaign funds will provide the (Continued on Schedule O)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,920,785

Program Service Revenue $0

Investment Income $-203,114

Other Revenue $37,113

TOTAL REVENUE $6,754,784

Expense Breakdown

Grants Paid $8,056,967

Salaries & Benefits $0

Fundraising Expenses $7,905

Program Expenses $8,213,882

Other Expenses $164,820

TOTAL EXPENSES $8,221,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,754,784	$24,309,436	-0.7%
Expenses	$8,221,787	$5,783,368	+0.4%
Net Income	$-1,467,003	$18,526,068	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,310,848

Total Directors

$1,530,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CEIL GOFF	TRUSTEE/TREASURER	0.5	Officer Director	$0	$0	$0
Jane Larmon	Trustee/Vice Chair	0.5	Officer Director	$0	$0	$0
Joseph L Perras MD	Trustee/CEO/President ex-officio	0.5	Officer Director	$0	$54,269	$624,309
Patti Seymour	Trustee /Secretary	0.5	Officer Director	$0	$0	$0
ROBERT ENGLUND MD	Trustee / Chair	0.5	Officer Director	$0	$0	$0
Aalok Khole MD	Trustee (through 4/30/25) / Physician	0.5	Director	$0	$37,931	$361,354
ALAN STROSHINE	TRUSTEE	0.5	Director	$0	$0	$0
Christopher Hamblet	Trustee (through 12/31/24)	0.5	Director	$0	$0	$0
Cindy Westover	Trustee	0.5	Director	$0	$0	$0
Danielle Ruffo	Trustee (as of 1/1/25)	0.5	Director	$0	$0	$0
John Paul Sanders MD	Trustee	0.5	Director	$0	$64,786	$544,565
KATHERINE SNOW	TRUSTEE	0.5	Director	$0	$0	$0
Matt Mucha	Trustee	0.5	Director	$0	$0	$0
Patricia Campbell MD	Trustee	0.5	Director	$0	$0	$0
Peter Bradshaw	Trustee	0.5	Director	$0	$0	$0
ROBERT THERRIEN	Trustee	0.5	Director	$0	$0	$0
WILLIAM CHASE MD	Trustee	0.5	Director	$0	$0	$0
AnnMarie Coppo	Interim CFO (through 4/28/25)	0.5	Officer	$0	$48,409	$210,797
Sandra M Phipps	VP PHILANTHROPY/COMM RELATIONS	0.5	Officer	$0	$33,176	$218,028
Todd Roberts	CFO of Cheshire Medical (as of 4/28/25)	0.5	Officer	$0	$15,534	$257,714
Daniel Gross	Former CFO of Cheshire Medical Center (through 5/2/24)	0.0		$0	$20,592	$166,391
Kathryn F Willbarger	COO/Former Interim CEO (through 8/6/23)	0.0		$0	$36,825	$376,091

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$6,754,784	$8,221,787	$62,714,822	$-1,467,003
2024	$24,309,436	$5,783,368	$59,999,852	$18,526,068
2023	$1,785,631	$1,778,846	$34,238,471	$6,785
2022	$3,799,640	$3,456,288	$45,951,204	$343,352
2021	$12,306,567	$9,043,695	$78,781,807	$3,262,872
2020	$370,492	$326,841	$30,838,572	$43,651
2019	$1,744,415	$390,619	$30,402,473	$1,353,796
2018	$1,343,800	$611,709	$29,143,337	$732,091