The William W Backus Hospital (EIN 060250773) - 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

1891

Legal Domicile

Principal Officer

Donna Handley

Phone

8608898331

Tax Period

2023-10-01 to 2024-09-30

The William W Backus Hospital, founded in 1891, is a major nonprofit in the Health Care sector that reported $585.2M in total revenue in fiscal year 2023. Expenses of $517.5M left a modest 12% surplus.

Mission

The William W. Backus Hospital delivers and coordinates a continuum of high-quality health care that is sensitive to the needs of individuals in Eastern Connecticut. The Hospital is committed to being responsive and accountable to those for whose benefit it exists, and to improving the health of its communities.

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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 $737,120

Program Service Revenue $564,036,411

Investment Income $22,517,310

Other Revenue $-2,137,822

TOTAL REVENUE $585,153,019

Expense Breakdown

Grants Paid $111,422

Salaries & Benefits $201,191,273

Fundraising Expenses $372,437

Program Expenses $489,397,196

Other Expenses $316,147,633

TOTAL EXPENSES $517,450,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,153,019	$556,028,079	+0.1%
Expenses	$517,450,328	$518,395,676	0.0%
Net Income	$67,702,691	$37,632,403	+0.8%

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

2278

Volunteers

183

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

$1,682,828

Total Directors

$2,043,260

Key Employees

$1,740,605

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Barry MD	Director (Thru 06/24)	1.00	Director	$0	$105	$3,105
Henry Beck	Director	1.00	Director	$0	$0	$0
Kristin Gildersleeve MD	Director (Thru 10/23)	1.00	Director	$0	$58,327	$369,142
Joanna Chaurette MD	Director	1.00	Director	$0	$63,059	$375,201
Lee-Ann Gomes	Director	1.00	Director	$0	$0	$0
Donna Handley	Director/President	30.00	Officer Director	$0	$75,283	$978,621
Anthony Joyce III	Chair	2.00	Officer Director	$0	$0	$0
Daniel King	Director	1.00	Director	$0	$0	$0
Stephen Larcen MD	Director	1.00	Director	$0	$0	$1,376
Anita Lee	Director	1.00	Director	$0	$0	$0
Christina Nadeau	Director	1.00	Director	$0	$0	$0
Mark Tramontozzi MD	Vice Chair	2.00	Officer Director	$0	$44,900	$315,815
Carina Vora DDS	Director (Thru 05/23)	0.00	Director	$0	$0	$0
Anthony Mastroianni	VP, Finance	30.00	Officer	$0	$66,757	$388,392
Liz Li	VP, Human Resources	30.00	Key Emp	$0	$23,105	$207,641
Rebecca Durham	VP, Patient Care Services	30.00	Key Emp	$0	$23,506	$295,899
Matthew Kaufman	VP, Operations	30.00	Key Emp	$0	$59,157	$371,293
Michael Bontempo	VP, Human Resources (Thru 02/23)	30.00	Key Emp	$0	$6,239	$38,566
Mohammed Quereshi MD	VP, Medical Affairs	30.00	Key Emp	$240,522	$56,777	$437,804
Colleen Desai	VP Patient Care Services (Thru 12/23)	30.00	Key Emp	$0	$58,805	$389,402
Zhenxiang Liu	Hospitalist	60.00	Highest	$746,158	$53,658	$799,816
Richard Goulding	Physician	60.00	Highest	$534,545	$25,776	$560,321
Andrzej Porebski	Hospitalist	60.00	Highest	$487,705	$61,652	$549,357
Rommel Geronimo	Hospitalist	60.00	Highest	$524,564	$37,310	$561,874
Vuk Sotirovic	Hospitalist	60.00	Highest	$532,685	$55,202	$587,887
Abbie Courtemanche MD	Former, VP, Medical Affairs	0.00		$0	$35,439	$441,703

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	$585,153,019	$517,450,328	$990,127,785	$67,702,691
2023	$556,028,079	$518,395,676	$878,492,236	$37,632,403
2022	$505,418,818	$468,889,976	$855,910,204	$36,528,842
2021	$496,065,171	$434,551,770	$858,731,409	$61,513,401
2020	$425,857,401	$409,399,267	$729,174,132	$16,458,134
2019	$416,337,608	$385,205,407	$635,645,137	$31,132,201
2018	$369,066,850	$334,237,112	$600,185,993	$34,829,738

The William W Backus Hospital