BRIDGEPORT HOSPITAL (EIN 060646554) - 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

1878

Legal Domicile

Principal Officer

GAIL KOSYLA

Phone

2036882603

Tax Period

2023-10-01 to 2024-09-30

BRIDGEPORT HOSPITAL, founded in 1878, is a major nonprofit in the Health Care sector that reported $910.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO OPERATE AN ACUTE CARE HOSPITAL IN BRIDGEPORT, CONNECTICUT.

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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 $6,846,570

Program Service Revenue $840,660,677

Investment Income $1,024,238

Other Revenue $61,419,009

TOTAL REVENUE $909,950,494

Expense Breakdown

Grants Paid $3,935,129

Salaries & Benefits $377,969,246

Fundraising Expenses $0

Program Expenses $898,118,557

Other Expenses $555,703,384

TOTAL EXPENSES $937,607,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$909,950,494	$838,048,221	+0.1%
Expenses	$937,607,759	$897,527,103	+0.0%
Net Income	$-27,657,265	$-59,478,882	-0.5%

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

4118

Volunteers

262

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

$4,483,136

Total Directors

$4,619,312

Key Employees

$2,438,362

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BALCEZAK	TRUSTEE (CURRENT YR COMP)	1.00	Director	$0	$534,358	$2,171,362
THOMAS BALCEZAK	TRUSTEE (VESTED DEFERRED)	1.00	Director	$0	$0	$167,594
GAIL KOSYLA	TREASURER	1.00	Officer	$0	$407,968	$1,543,615
WILLIAM ASELTYNE	ASSOC SEC (CURRENT YR COMP)	1.00	Officer	$0	$193,425	$1,450,910
WILLIAM ASELTYNE	ASSOC SEC (VESTED DEFERRED)	1.00	Officer	$0	$0	$235,138
ANNE DIAMOND	PRESIDENT/TRUSTEE	38.00	Officer Director	$883,330	$370,143	$1,253,473
JOHN SKELLY	FORMER OFFICER (CURRENT YR COMP)	0.00		$0	$113,163	$644,060
JOHN SKELLY	FORMER OFFICER (VESTED DEFERRED)	0.00		$0	$0	$1,167,986
VINCENT PETRINI	FORMER TRUSTEE	0.00		$0	$1,906	$1,034,592
FRANCISCO GARRIDO	PHYSICIAN	40.00	Highest	$884,961	$53,346	$1,005,449
PAMELA SCAGLIARINI	CHIEF OP OFFICER (CURRENT YR COMP)	38.00	Key Emp	$706,463	$289,619	$996,082
PAMELA SCAGLIARINI	CHIEF OP OFFICER (VESTED DEFERRED)	38.00	Key Emp	$99,609	$0	$99,609
VICTOR MORRIS	SVP/CHIEF MEDICAL OFFICER	40.00	Key Emp	$792,696	$123,910	$916,606
RICHARD GREINER	PHYSICIAN	40.00	Highest	$606,815	$111,312	$718,127
CAROLYN SALSGIVER	FORMER OFFICER (CURRENT YR COMP)	0.00		$0	$24,610	$707,000
CAROLYN SALSGIVER	FORMER OFFICER (VESTED DEFERRED)	0.00		$0	$0	$47,343
JONATHAN MAISEL	PHYSICIAN	40.00	Highest	$595,959	$59,448	$655,407
EUGENE COLUCCI	FORMER OFFICER	0.00		$0	$49,578	$612,687
CEASAR IRBY	TRUSTEE	1.00	Director	$0	$57,658	$552,598
MICHAEL BUSCHER	PHYSICIAN	40.00	Highest	$495,680	$53,647	$549,327
JUSTIN CAHILL	PHYSICIAN	40.00	Highest	$465,722	$59,277	$524,999
MONIQUE MISRA	TRUSTEE	1.00	Director	$0	$35,077	$474,285
MARY CHRISTOFFERSEN	SVP/CHIEF NURSING OFFICER	40.00	Key Emp	$368,515	$57,550	$426,065
MARC LOMBARDI	FORMER OFFICER	0.00		$0	$0	$164,158
MURALI CHIRUVALI	TRUSTEE	1.00	Director	$0	$0	$0
FRANK CIMINIELLO	TRUSTEE	1.00	Director	$0	$0	$0
MIHAELA COSTIN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FALCONI	TRUSTEE	1.00	Director	$0	$0	$0
EUGENE FRIDLAND	TRUSTEE	1.00	Director	$0	$0	$0
KAREN GIBBS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LENCI	VICE CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
RICHARD MEISENHEIMER	TRUSTEE	1.00	Director	$0	$0	$0
EMIL MESHBERG	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$0	$0
PATRICK NOLAND	TRUSTEE	1.00	Director	$0	$0	$0
RONALD NOREN	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH REUBEN	VICE CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
ED RODRIGUEZ	CHAIRMAN/TRUSTEE	1.00	Officer Director	$0	$0	$0
CHAD TREDWAY	TRUSTEE	1.00	Director	$0	$0	$0

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	$909,950,494	$937,607,759	$691,410,841	$-27,657,265
2023	$838,048,221	$897,527,103	$673,274,303	$-59,478,882
2022	$825,680,731	$831,815,003	$758,228,857	$-6,134,272
2021	$802,293,550	$784,126,433	$859,534,273	$18,167,117
2020	$729,975,555	$743,751,393	$853,709,766	$-13,775,838
2019	$626,472,397	$587,135,160	$746,612,659	$39,337,237
2018	$598,401,491	$531,105,652	$672,075,816	$67,295,839

BRIDGEPORT HOSPITAL