CONNECTICUT HOSPITAL ASSOCIATION INCORPORATED (EIN 060632049) - 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

1919

Legal Domicile

Principal Officer

JENNIFER JACKSON

Phone

2032657611

Tax Period

2024-05-01 to 2025-04-30

CONNECTICUT HOSPITAL ASSOCIATION INCORPORATED, founded in 1919, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2024. Expenses of $13.6M left a modest 4% surplus.

Mission

ADVOCACY, REPRESENTATION & EDUCATION FOR HOSPITALS AND HEALTHCARE ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $22,604

Program Service Revenue $13,475,144

Investment Income $525,416

Other Revenue $70,874

TOTAL REVENUE $14,094,038

Expense Breakdown

Grants Paid $3,389,934

Salaries & Benefits $8,331,103

Fundraising Expenses $0

Program Expenses $13,578,214

Other Expenses $1,857,177

TOTAL EXPENSES $13,578,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,094,038	$13,373,486	+0.1%
Expenses	$13,578,214	$13,209,773	+0.0%
Net Income	$515,824	$163,713	+2.2%

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

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

$1,933,072

Total Directors

$1,234,534

Key Employees

$2,361,010

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER M O'CONNOR	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK A CHARMEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN M MURPHY MD	TRUSTEE	1.00	Officer Director	$0	$0	$0
VINCENT G CAPECE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY A FLAKS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JENNIFER JACKSON	PRESIDENT AND CEO	19.00	Officer Director	$1,159,134	$75,400	$1,234,534
THOMAS J BALCEZAK MD	TRUSTEE	1.00	Director	$0	$0	$0
KURT A BARWIS	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH A CAREY RSM PHD	TRUSTEE	1.00	Director	$0	$0	$0
ANNE DIAMOND JD	TRUSTEE	1.00	Director	$0	$0	$0
BIMAL PATEL	TRUSTEE	1.00	Director	$0	$0	$0
LYNN RICCI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES E SHMERLING DHA	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN SILARD	SECRETARY	1.00	Director	$0	$0	$0
DEBORAH K WEYMOUTH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A WHITEHEAD	TRUSTEE (RESIGNED)	1.00	Director	$0	$0	$0
ENA WILLIAMS RN	TRUSTEE (RESIGNED)	1.00	Director	$0	$0	$0
R KYLE KRAMER	TRUSTEE	1.00	Director	$0	$0	$0
SYED HUSSAIN MD	TRUSTEE	1.00	Director	$0	$0	$0
DONNA HANDLEY	TRUSTEE	1.00	Director	$0	$0	$0
D MONTEZ CARTER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JENNINGS	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA SUTTON-WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE KILPERN MD	TRUSTEE (JOINED 10/2024)	1.00	Director	$0	$0	$0
MARYELLEN KOSTURKO DNP	TRUSTEE (JOINED 10/2024)	1.00	Director	$0	$0	$0
JOHN J BRADY	CHIEF OPERATING OFFICER	19.00	Officer	$616,640	$81,898	$698,538
JAMES IACOBELLIS	SR. VP, GOVT & REGULATON	40.00	Key Emp	$445,865	$43,988	$489,853
GRACE NAPOLITAN	SR. VP, ADMINISTRATION	19.00	Key Emp	$420,442	$59,555	$479,997
PAUL KIDWELL	SENIOR VP, POLICY	40.00	Key Emp	$459,627	$55,972	$515,599
MARK SCHAEFER	VP, SYSTEM INNOVATION	40.00	Key Emp	$451,820	$14,662	$466,482
KAREN BUCKLEY	VP, ADVOCACY	40.00	Key Emp	$379,646	$29,433	$409,079
DOUGLAS G CAYER	VP, FINANCE AND BUSINESS OPERATIONS	40.00	Highest	$315,702	$39,405	$355,107
CARL SCHIESSL	SENIOR DIRECTOR, REGULATOR	40.00	Highest	$271,629	$11,070	$282,699
MARY ALTIERI	DIRECTOR, HEALTHCARE REIMBURSEMENT AND FINANCING	40.00	Highest	$238,771	$49,285	$288,056
NICOLE RALL	DIRECTOR, COMMUNICATIONS	40.00	Highest	$205,345	$23,307	$228,652
ROBIN SCOTT	DIRECTOR, STRATEGIC INITIATIVES	40.00	Highest	$189,218	$8,699	$197,917

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	$14,094,038	$13,578,214	$26,392,361	$515,824
2024	$13,373,486	$13,209,773	$27,340,366	$163,713
2023	$11,755,353	$10,559,450	$25,777,702	$1,195,903
2022	$10,735,493	$8,701,008	$20,376,618	$2,034,485
2021	$10,507,431	$7,718,190	$16,308,205	$2,789,241
2020	$10,470,643	$9,182,014	$13,984,351	$1,288,629
2019	$9,022,124	$8,608,614	$12,396,745	$413,510

CONNECTICUT HOSPITAL ASSOCIATION INCORPORATED