UPPER CONNECTICUT VALLEY HOSPITAL (EIN 020276210) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

GREGORY COOK

Phone

6032374971

Tax Period

2023-10-01 to 2024-09-30

UPPER CONNECTICUT VALLEY HOSPITAL, founded in 1969, is a mid-sized nonprofit in the Health Care sector that reported $36.3M in total revenue in fiscal year 2023. Expenses of $33.7M left a modest 7% surplus.

Mission

UPPER CONNECTICUT VALLEY HOSPITAL STRIVES TO IMPROVE THE WELL-BEING OF THE RURAL COMMUNITIES IT SERVES BY PROMOTING HEALTH AND ASSURING ACCESS TO QUALITY CARE.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $550,418

Program Service Revenue $33,980,603

Investment Income $1,218,109

Other Revenue $538,074

TOTAL REVENUE $36,287,204

Expense Breakdown

Grants Paid $474,080

Salaries & Benefits $13,355,358

Fundraising Expenses $0

Program Expenses $25,715,313

Other Expenses $19,910,180

TOTAL EXPENSES $33,739,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,287,204	$37,307,307	0.0%
Expenses	$33,739,618	$31,378,936	+0.1%
Net Income	$2,547,586	$5,928,371	-0.6%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

148

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

$1,708,776

Total Directors

$312,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD LAVERTY PA-C	CHIEF MEDICAL OFFICER	40.00	Director	$280,929	$18,053	$298,982
ROBERT DAWSON	PRESIDENT OF MEDICAL STAFF	1.00	Director	$0	$0	$13,251
DAVID THATCHER	CHAIR	1.00	Officer Director	$0	$0	$0
LYNN BREWER	CHAIR (THRU 12/23)	39.00	Officer Director	$0	$0	$0
GAIL FISHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MORGAN WADE	VICE CHAIR (THRU 1/24)	1.00	Officer Director	$0	$0	$0
ROD DE GREEF	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES WELLS	TREASURER (THRU 3/24)	1.00	Officer Director	$0	$0	$0
MAGGIE FITZGERALD	SECRETARY	1.00	Director	$0	$0	$0
ERIC STOHL	SECRETARY (THRU 1/24)	1.00	Officer Director	$0	$0	$0
JEANNINE BURNS	DIRECTOR (THRU 6/23)	1.00	Director	$0	$0	$0
FR CRAIG CHENEY	DIRECTOR (THRU 7/24)	1.00	Director	$0	$0	$0
E HARLAN CONNARY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON ELLINGWOOD WHITE	DIRECTOR (THRU 9/24)	1.00	Director	$0	$0	$0
RICHARD LAPOINT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MILLS	DIRECTOR	1.00	Director	$0	$0	$0
PETER WEINER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MEE	SYSTEM CEO	1.00	Officer	$0	$18,318	$724,548
SCOTT COLBY	PRESIDENT/CEO (THRU 12/23)	40.00	Officer	$361,012	$23,991	$385,003
MATTHEW STREETER	SYSTEM CFO	1.00	Officer	$0	$20,804	$378,399
LINDSAY LEA	CNO	40.00	Officer	$182,568	$8,597	$191,165
GREGORY COOK	PRESIDENT/CEO (BEG 11/23)	40.00	Officer	$29,092	$569	$29,661
THOMAS COCHRAN	ED PHYSICIAN	40.00	Highest	$459,590	$17,859	$477,449
TAMSIN DURAND	GENERAL SURGEON	40.00	Highest	$393,971	$18,698	$412,669
DARIN BROWN	ED PHYSICIAN	40.00	Highest	$376,272	$23,319	$399,591
JULIE BOLTON	RN	40.00	Highest	$167,017	$6,283	$173,300
JUDY GRIMES	EMPLOYEE	40.00	Highest	$139,813	$13,351	$153,164

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
2024	$36,287,204	$33,739,618	$41,869,573	$2,547,586
2023	$37,307,307	$31,378,936	$41,887,833	$5,928,371
2022	$29,077,703	$26,599,816	$40,304,391	$2,477,887
2021	$27,325,994	$22,165,785	$46,987,886	$5,160,209
2020	$21,044,923	$19,440,703	$45,365,598	$1,604,220
2019	$18,929,579	$18,735,973	$32,221,458	$193,606
2018	$18,625,684	$17,479,925	$29,801,477	$1,145,759

UPPER CONNECTICUT VALLEY HOSPITAL