Windsor Hospital Corporation

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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

1933

Legal Domicile

Phone

8026746711

Tax Period

2023-10-01 to 2024-09-30

Windsor Hospital Corporation, founded in 1933, is a mid-sized nonprofit in the Health Care sector that reported $76.5M in total revenue in fiscal year 2023.

Mission

MT. ASCUTNEY HOSPITAL AND HEALTH CENTER'S MISSION IS TO IMPROVE THE LIVES OF THOSE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $63,756,163 Revenue: $73,439,800

MT. ASCUTNEY HOSPITAL AND HEALTH CENTER (MAHHC) OPERATES A NOT-FOR-PROFIT CRITICAL ACCESS HOSPITAL WHICH PROVIDES PRIMARY AND SECONDARY HEALTH CARE. MAHHC PRIMARY SERVICE AREA INCLUDES BRIDGEWATER...

MT. ASCUTNEY HOSPITAL AND HEALTH CENTER (MAHHC) OPERATES A NOT-FOR-PROFIT CRITICAL ACCESS HOSPITAL WHICH PROVIDES PRIMARY AND SECONDARY HEALTH CARE. MAHHC PRIMARY SERVICE AREA INCLUDES BRIDGEWATER, BROWNSVILLE, HARTLAND, READING, WEATHERSFIELD, WINDSOR, & WOODSTOCK (VT) AS WELL AS CLAREMONT, CORNISH, AND PLAINFIELD (NH). THE HOSPITAL PROVIDES ESSENTIAL HEALTH CARE SERVICES INCLUDING EMERGENCY DEPARTMENT/MEDICAL/SURGICAL INPATIENT, AND ANCILLARY DIAGNOSTIC TESTS, IMAGING/RADIOLOGY PROCEDURES, AND WELLNESS/PREVENTION SERVICES. MAHHC STAFFS A TOTAL OF 25 ACUTE MEDICAL/SURGICAL BEDS AND 10 ACUTE REHABILITATION BEDS. DURING THE YEAR, THERE WERE 926 DISCHARGES, 1,610 SURGERIES, 67,416 LAB TESTS, AND 14,828 IMAGING PROCEDURES. MAHHC IDENTIFIED ACCESS TO PRIMARY CARE AS A CENTRAL COMMUNITY NEED AND IS COMMITTED TO PROVIDING THE PHYSICIAN SERVICES OF FAMILY PRACTICE, INTERNAL MEDICINE AND PEDIATRICS IN WINDSOR AND WOODSTOCK. MAHHC PROVIDES FREE CARE TO PATIENTS WHO MEET CERTAIN CRITERIA. FOREGONE CHARGES FURNISHED UNDER MAHHC'S FREE CARE POLICY AMOUNT TO $641,772 IN FY24.

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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 $1,730,530

Program Service Revenue $72,210,645

Investment Income $1,085,217

Other Revenue $1,502,385

TOTAL REVENUE $76,528,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,751,242

Fundraising Expenses $129,935

Program Expenses $63,756,163

Other Expenses $33,861,207

TOTAL EXPENSES $74,612,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,528,777	$71,808,034	+0.1%
Expenses	$74,612,449	$68,441,823	+0.1%
Net Income	$1,916,328	$3,366,211	-0.4%

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

571

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

$1,055,645

Total Directors

$3,439,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan C Keiller	Trustee / Vice Chair	1.0	Officer Director	$0	$0	$0
John Tansey	Trustee / Chair	1.0	Officer Director	$0	$0	$0
Joscelyn Caple	Interim CEO (as of 9/2/24)	40.0	Officer Director	$0	$58,356	$360,290
Pamela Brown	Trustee / Secretary	1.0	Officer Director	$0	$0	$0
Vincent Fusca III	Trustee / Treasurer	1.0	Officer Director	$0	$0	$0
Winfield Brown	Interim CEO 7/31/23 - 8/30/24	40.0	Officer Director	$0	$8,880	$146,513
Bryan Huot	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Carol Vivian	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Clare Drebitko MD	Trustee	1.0	Director	$191,085	$32,784	$223,869
Deanna Howard	Trustee	1.0	Director	$0	$0	$0
Eric Crainich	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
John Gerstmayr	Trustee (through 8/1/24)	1.0	Director	$0	$0	$0
John Gilman	Trustee	1.0	Director	$0	$0	$0
Leesa Taft DNP MSN APRN	Trustee/ Med Staff Pres (as of 1/1/23)	1.0	Director	$211,390	$5,627	$217,017
Lisa Richmond	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Matthew S Houde	Trustee	1.0	Director	$0	$60,242	$345,244
Michael Fuerst	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Patricia PUTNAM	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Patrick F Jordan III MBA	Trustee	0.5	Director	$0	$71,266	$1,051,138
Samuel Shields	Trustee (as of 8/1/24)	1.0	Director	$0	$27,595	$385,786
Stephen D Surgenor MD	Trustee (through 12/31/23)	1.0	Director	$0	$72,787	$569,739
Steve Crihfield	Trustee (through 8/1/24)	1.0	Director	$0	$0	$0
Terri Decker	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
Thomas Sullivan	Trustee (as of 8/1/24)	1.0	Director	$0	$0	$0
William Palmer	Trustee (as of 8/1/24)	1.0	Director	$139,980	$415	$140,395
Celeste Pitts	CFO (as of 8/5/24)	40.0	Officer	$0	$0	$0
David Sanville	Chief Financial Officer (through 2/29/24)	34.0	Officer	$288,441	$31,240	$319,681
Hannah Bianchi	Chief Operating Officer	40.0	Officer	$220,106	$9,055	$229,161
Joseph Iannoni	Interim CFO (2/15/24 to 8/14/24)	40.0	Officer	$0	$0	$0
Catherine Schneider	Physician	40.0	Highest	$284,540	$31,590	$316,130
Christopher Connor	Ophthalmologist	40.0	Highest	$275,184	$21,100	$296,284
Francesco Congiusta	Hospitalist	40.0	Highest	$276,453	$37,059	$313,512
Herbert Ip	Physician	40.0	Highest	$301,301	$38,450	$339,751
Jason Fritzhand	Physician	40.0	Highest	$321,341	$14,250	$335,591
Joseph L Perras MD	President/CEO/Ex-officio (through 8/6/23)	0.0		$288,346	$33,818	$654,647

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	$76,528,777	$74,612,449	$91,569,667	$1,916,328
2023	$71,808,034	$68,441,823	$82,148,267	$3,366,211
2022	$66,251,650	$64,964,599	$75,448,583	$1,287,051
2021	$66,960,809	$60,725,746	$81,085,123	$6,235,063
2020	$57,479,175	$55,893,098	$67,806,425	$1,586,077
2019	$55,695,628	$54,657,974	$56,791,953	$1,037,654
2018	$55,648,874	$53,514,369	$54,844,981	$2,134,505