Cheshire Medical Center (EIN 020354549) - 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

1980

Legal Domicile

Phone

6033545400

Tax Period

2022-07-01 to 2023-06-30

Cheshire Medical Center, founded in 1980, is a major nonprofit in the Health Care sector that reported $263.6M in total revenue in fiscal year 2022.

Mission

TO LEAD OUR COMMUNITY TO OPTIMAL HEALTH AND WELLNESS THROUGH OUR CLINICAL AND SERVICE EXCELLENCE, COLLABORATION, AND COMPASSION FOR EVERY PATIENT, EVERY TIME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,005,336

Program Service Revenue $253,756,281

Investment Income $209,419

Other Revenue $2,613,448

TOTAL REVENUE $263,584,484

Expense Breakdown

Grants Paid $730,772

Salaries & Benefits $108,807,655

Fundraising Expenses $745,923

Program Expenses $259,322,489

Other Expenses $178,278,747

TOTAL EXPENSES $287,817,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$263,584,484	$264,934,375	0.0%
Expenses	$287,817,174	$271,130,920	+0.1%
Net Income	$-24,232,690	$-6,196,545	+2.9%

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

1308

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

$2,477,685

Total Directors

$4,601,108

Key Employees

$290,815

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee/Secretary	0.5	Officer Director	$0	$0	$0
N/A	Trustee (10/31/22)	0.5	Officer Director	$0	$58,229	$399,990
N/A	TRUSTEE/CEO/PRESIDENT (through 5/26/23)	1.0	Officer Director	$0	$65,544	$565,957
N/A	Trustee (as of 5/27/23) / COO / Interim CEO (as of 5/27/23)	40.0	Officer Director	$302,306	$30,755	$333,061
N/A	Trustee/Ex-Officio (as of 11/1/22)	0.5	Officer Director	$0	$71,847	$365,390
N/A	Trustee / Treasurer (as of 1/11/23)	0.5	Officer Director	$0	$0	$0
N/A	TRUSTEE / Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE / Treasurer (through 1/10/23)	0.5	Officer Director	$0	$0	$0
N/A	TRUSTEE / Chair	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$66,570	$380,234
N/A	Trustee	1.0	Director	$0	$48,395	$558,696
N/A	Trustee (as of 1/20/23)	0.5	Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$0	$0
N/A	Trustee (as of 1/20/23)	0.5	Director	$0	$13,762	$244,044
N/A	TRUSTEE / CGP Chief Medical Officer	1.0	Director	$0	$65,544	$592,094
N/A	Trustee (as of 3/17/23)	0.5	Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$0	$0
N/A	TRUSTEE (through 12/31/22)	1.0	Director	$0	$0	$0
N/A	Trustee / DH Treasurer	0.5	Director	$0	$23,054	$314,203
N/A	TRUSTEE (Through 12/31/22)	1.0	Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$64,656	$847,439
N/A	Trustee	0.5	Director	$0	$0	$0
N/A	Trustee (as of 1/20/23)	0.5	Director	$0	$0	$0
N/A	CHIEF NURSING OFFICER (through 9/2/2022)	40.0	Officer	$273,326	$16,879	$290,205
N/A	Chief Nursing Officer (as of 10/30/22)	40.0	Officer	$43,992	$12,699	$204,484
N/A	Chief Financial Officer	40.0	Officer	$278,760	$39,838	$318,598
N/A	VP - Clinical Operations at CMC	0.0	Key Emp	$0	$25,261	$290,815
N/A	PHYSICiST	40.0	Highest	$255,996	$39,420	$295,416
N/A	Associate Chief Nursing Officer	40.0	Highest	$189,852	$7,667	$197,519
N/A	VP Facilities & Support Services	40.0	Highest	$171,786	$15,241	$187,027
N/A	VP PHILANTHROPY/COMM RELATIONS	40.0	Highest	$167,071	$32,816	$199,887
N/A	VP Population Health	40.0	Highest	$198,561	$47,482	$246,043
N/A	Former	0.0		$0	$59,895	$455,072
N/A	Former TRUSTEE	0.0		$0	$57,070	$443,370

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	No data	No data	No data	No data
2023	$263,584,484	$287,817,174	$146,820,184	$-24,232,690
2022	$264,934,375	$271,130,920	$152,302,112	$-6,196,545
2021	$247,398,804	$240,795,064	$168,346,405	$6,603,740
2020	$225,659,551	$239,728,736	$185,465,067	$-14,069,185
2019	$227,976,248	$218,241,706	$128,808,055	$9,734,542
2018	$210,426,594	$216,121,643	$125,320,625	$-5,695,049

Cheshire Medical Center