YALE NEW HAVEN HOSPITAL

EIN: 060646652 501(c)(3) Health Care

NEW HAVEN, CT

Total Revenue
$4,571,807,805
Total Expenses
$4,367,597,575
Total Assets
$5,447,832,318
Net Assets
$3,150,313,254
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Financial Trends

Organization Details

Formation Year
1826
Legal Domicile
CT
Principal Officer
GAIL KOSYLA
Phone
2036882603
Tax Period
2023-10-01 to 2024-09-30

YALE NEW HAVEN HOSPITAL, founded in 1826, is a large national nonprofit in the Health Care sector that reported $4.6B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.4B left a modest 4% surplus.

Mission

THE MISSION OF YNHH IS TO PROVIDE INNOVATIVE AND EXCELLENT PATIENT CARE, TEACHING, RESEARCH, AND SERVICE TO THE COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1
Expenses: $3,981,595,912 Revenue: $4,435,938,523

YALE NEW HAVEN HOSPITAL (YNHH) IS A NATIONALLY RECOGNIZED, 1,541-BED, NOT-FOR-PROFIT HOSPITAL SERVING AS THE PRIMARY TEACHING HOSPITAL FOR THE YALE SCHOOL OF MEDICINE. THE HOSPITAL HAS TWO NEW...

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YALE NEW HAVEN HOSPITAL (YNHH) IS A NATIONALLY RECOGNIZED, 1,541-BED, NOT-FOR-PROFIT HOSPITAL SERVING AS THE PRIMARY TEACHING HOSPITAL FOR THE YALE SCHOOL OF MEDICINE. THE HOSPITAL HAS TWO NEW HAVEN-BASED CAMPUSES, AND INCLUDES YALE NEW HAVEN CHILDREN'S HOSPITAL, YALE NEW HAVEN PSYCHIATRIC HOSPITAL AND SMILOW CANCER HOSPITAL. YNHH HAS RECEIVED MAGNET DESIGNATION FROM THE AMERICAN NURSES CREDENTIALING CENTER, THE NATION'S HIGHEST HONOR OF NURSING EXCELLENCE. YNHH HAS A COMBINED MEDICAL STAFF OF OVER 5,000 UNIVERSITY AND COMMUNITY PHYSICIANS PRACTICING IN MORE THAN 100 SPECIALTIES. THE HOSPITAL'S HEART AND VASCULAR CENTER'S NUCLEAR CARDIOLOGY SERVICES ARE NOW BOLSTERED WITH A NEW DIGITAL PET/CT SCANNER THAT USES LOW RADIATION, PROVIDES NOVEL IMAGING STUDIES FOR DIFFERENT TYPES OF CORONARY ARTERY DISEASE AND VASCULAR DISEASE, AND ASSESSES HEART ARTERY CALCIUM, A MARKER OF CORONARY ARTERY DISEASE. THE HEART AND VASCULAR CENTER ALSO ADDED A SINGLE-PLANE ANGIOGRAPHY UNIT AT YALE NEW HAVEN HOSPITAL'S SAINT RAPHAEL CAMPUS. THE UNIT, USED FOR COMPLEX INTERVENTIONAL RADIOLOGY PROCEDURES, SUPPORTS IMAGE-GUIDED, NON-SURGICAL TREATMENTS. THIS APPROACH OFTEN REDUCES THE NEED FOR TRADITIONAL SURGERY. SMILOW CANCER HOSPITAL AT YALE NEW HAVEN HOSPITAL INTRODUCED A REVOLUTIONARY NEW TYPE OF RADIATION THERAPY TO TREAT LUNG AND BONE CANCERS. REFLEXION MEDICAL'S SCINTIX BIOLOGY-GUIDED RADIOTHERAPY (BGRT) TECHNOLOGY IS THE ONLY CANCER TREATMENT THAT USES SIGNALS PRODUCED BY A TUMOR TO PRECISELY DIRECT RADIATION WITHOUT HARMING HEALTHY TISSUE. BGRT IS SAFE, EFFECTIVE WITH FEWER SESSIONS, AND CAN BE COMBINED WITH CHEMOTHERAPY, IMMUNOTHERAPY AND TARGETED DRUGS TO TAILOR THE BEST THERAPEUTIC PLAN FOR EACH PATIENT'S SPECIFIC SITUATION. A SURVEY TOOL DEVELOPED BY YALE NEW HAVEN PSYCHIATRIC HOSPITAL FOR BEHAVIORAL HEALTH INPATIENTS RECEIVED ATTENTION FROM THE CENTERS FOR MEDICARE AND MEDICAID SERVICES, WHICH INCORPORATED THE SURVEY INTO ITS NATIONWIDE INPATIENT PSYCHIATRIC FACILITY QUALITY REPORTING PROGRAM. THE TEAM IDENTIFIED FOUR FACTORS INTEGRAL TO INPATIENTS' EXPERIENCE: TREATMENT TEAM RELATIONSHIPS, NURSING TEAM PRESENCE, TREATMENT EFFECTIVENESS AND HEALING ENVIRONMENT. THE SURVEY TOOL ALSO WAS RECOGNIZED WITH THE 2024 AMERICAN NURSES CREDENTIALING CENTER MAGNET PRIZE. IN 2026, THE SURVEY WILL BE REQUIRED FOR USE IN MORE THAN 1,600 INPATIENT BEHAVIORAL HEALTH FACILITIES NATIONWIDE THAT PARTICIPATE IN THE CMS QUALITY REPORTING PROGRAM. THE PULMONARY EMBOLISM RESPONSE TEAM CONSORTIUM, A LEADING AUTHORITY IN PULMONARY EMBOLISM CARE, DESIGNATED YALE NEW HAVEN HOSPITAL AS ONE OF THE FIRST OF THREE PULMONARY EMBOLISM COMPREHENSIVE CARE CENTERS OF EXCELLENCE IN THE WORLD. YALE NEW HAVEN HOSPITAL SUCCESSFULLY COMPLETED A RIGOROUS APPLICATION PROCESS AND DEMONSTRATED COMMITMENT TO EXCEPTIONAL, EVIDENCE-BASED CARE FOR PATIENTS WITH PULMONARY EMBOLISM. YALE NEW HAVEN HOSPITAL RECEIVED THE 2024 IPRO QUALITY AWARD FOR SIGNIFICANT ACHIEVEMENTS IN IMPROVING HEALTHCARE QUALITY. THE IPRO QUALITY INNOVATION NETWORK-QUALITY IMPROVEMENT ORGANIZATION IS A FEDERAL PROGRAM FOCUSED ON IMPROVING THE QUALITY OF CARE PROVIDED TO MEDICARE PATIENTS ACROSS THE UNITED STATES. U.S. NEWS & WORLD REPORT RECOGNIZED YALE NEW HAVEN HEALTH'S GRIMES CENTER AS "HIGH PERFORMING" FOR SHORT STAYS BASED ON THE QUALITY OF CARE A NURSING HOME PROVIDES PATIENTS WHO HAVE BEEN RELEASED FROM THE HOSPITAL AFTER A STROKE, HEART ATTACK, INFECTION, ACCIDENTAL INJURY OR OTHER CONDITIONS. THE CONNECTICUT HOSPITAL ASSOCIATION AND CONNECTICUT DEPARTMENT OF PUBLIC HEALTH AWARDED YALE NEW HAVEN HOSPITAL THE 2024 CONNECTICUT'S HOSPITAL COMMUNITY SERVICE AWARD FOR THEIR MEDICAL-LEGAL PARTNERSHIP PROJECT, WHICH SUCCESSFULLY ADDRESSED LEGAL NEEDS THAT IMPACT HEALTH IN HOUSING, EDUCATIONAL ENTITLEMENTS, DISABILITY RIGHTS AND PUBLIC BENEFITS. YALE NEW HAVEN HOSPITAL, AS AN URBAN MEDICAL CENTER, IS THE BUSIEST PROVIDER OF PATIENT CARE SERVICES IN THE REGIONS, CARING FOR THE LARGEST NUMBER OF MEDICAID-COVERED AND UNINSURED PATIENTS IN THE STATE. IN ADDITION, THE HOSPITAL SPONSORS AND PARTICIPATES IN NUMEROUS PROGRAMS AND ACTIVITIES TO BENEFIT THE PEOPLE OF NEW HAVEN AND SURROUNDING COMMUNITIES. AS PART OF THE HOSPITAL MISSION TO PROMOTE HEALTH AND WELLNESS THROUGHOUT THE GREATER NEW HAVEN REGION, THE HOSPITAL SPONSORS, DEVELOPS AND PARTICIPATES IN A WIDE VARIETY OF COMMUNITY-BASED PROGRAMS AND SERVICES ADDRESSING CAREER DEVELOPMENT, FINANCIAL ASSISTANCE PROGRAMS, SCHOOL-BASED HEALTH CENTERS, WOMEN AND CHILDREN'S SERVICES, AND A WELLNESS INFORMATION NETWORK. PART I, LINE 4 & PART VI, LINE 1B NUMBER OF INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY THE ORGANIZATION SOUGHT TO CONFIRM THE INDEPENDENCE OF EACH VOTING MEMBER OF ITS GOVERNING BODY BY REQUESTING THAT EACH SUCH VOTING MEMBER RESPOND TO A QUESTIONNAIRE CONTAINING THE PERTINENT INSTRUCTIONS AND DEFINITIONS AND DESIGNED TO ELICIT THE INFORMATION NECESSARY TO DETERMINE INDEPENDENCE. IN THE EVENT THAT THE ORGANIZATION DOES NOT RECEIVE A RESPONSE FROM ANY SUCH VOTING MEMBER, THE ORGANIZATION REVIEWS OTHER INFORMATION KNOWN TO IT REGARDING THE VOTING MEMBER AND MAKES A REASONABLE ASSESSMENT OF INDEPENDENCE BASED ON THAT INFORMATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,950,019
Program Service Revenue $4,398,588,549
Investment Income $92,076,384
Other Revenue $57,192,853
TOTAL REVENUE $4,571,807,805

Expense Breakdown

Grants Paid $8,231,018
Salaries & Benefits $1,582,999,431
Fundraising Expenses $8,656,314
Program Expenses $3,981,595,912
Other Expenses $2,776,367,126
TOTAL EXPENSES $4,367,597,575

Year-over-Year Comparison

2023 2022 Change
Revenue $4,571,807,805 $4,190,091,426 +0.1%
Expenses $4,367,597,575 $4,112,468,772 +0.1%
Net Income $204,210,230 $77,622,654 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
22
Employees
17915
Volunteers
1261

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
8
$5,483,937
Total Directors
28
$6,419,750
Key Employees
8
$6,907,469
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARNA BORGSTROM FORMER OFFICER 0.00
$3,123,075 $0 $5,277,125
KEITH CHURCHWELL FORMER OFFICER (CURRENT YR COMP) 0.00
$0 $316,857 $3,186,928
KEITH CHURCHWELL FORMER OFFICER (VESTED DEFERRED) 0.00
$0 $0 $1,075,650
CHRISTOPHER O'CONNOR CEO/TRUSTEE (CURRENT YR COMP) 1.00
Director
$0 $822,667 $3,860,836
CHRISTOPHER O'CONNOR CEO/TRUSTEE (VESTED DEFERRED) 1.00
Director
$0 $0 $265,120
VINCENT TAMMARO FORMER OFFICER 0.00
$0 $0 $2,644,092
MICHAEL HOLMES EVP/COO (CURRENT YR COMP) 40.00
Key Emp
$789,720 $312,679 $1,102,399
MICHAEL HOLMES EVP/COO (VESTED DEFERRED) 40.00
Key Emp
$937,596 $0 $937,596
PAMELA SUTTON-WALLACE EVO, COO, INT PRES, TRUSTEE 1.00
Officer Director
$0 $582,147 $2,254,274
LORI PICKENS SVP (CURRENT YR COMP) 40.00
Key Emp
$683,667 $139,838 $823,505
LORI PICKENS SVP (VESTED DEFERRED) 40.00
Key Emp
$483,146 $0 $483,146
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
GAIL KOSYLA EVP/CFO/TREASURER 1.00
Officer
$0 $407,968 $1,543,615
CYNTHIA SPARER EVP 38.00
Key Emp
$987,135 $48,034 $1,035,169
ALAN FRIEDMAN SVP/CMO 40.00
Key Emp
$698,785 $226,444 $925,229
FRANCINE LORUSSO SVP 40.00
Key Emp
$697,497 $217,919 $915,416
THOMAS DONAHUE VP 40.00
Highest
$851,247 $48,229 $899,476
KEVIN A MYATT FORMER OFFICER 0.00
$0 $0 $379,589
ENA WILLIAMS SVP/CNO 40.00
Key Emp
$626,868 $58,141 $685,009
MICHAEL SCHAFFER VP 40.00
Highest
$632,412 $24,206 $656,618
MICHAEL LOFTUS FORMER KEY EMPLOYEE 0.00
$439,670 $36,938 $476,608
KEVIN VEST VP 40.00
Highest
$489,958 $50,327 $540,285
STEPHEN VYCE CHIEF DEPT OF PODIATRY 40.00
Highest
$479,861 $63,049 $542,910
CHRISTIN BROOKS-MARK CRNA 40.00
Highest
$527,000 $62,864 $589,864
KEVIN WALSH FORMER OFFICER 0.00
$150,661 $0 $196,166
RICHARD D'AQUILA FORMER OFFICER 0.00
$0 $0 $196,168
JONI HANSSON TRUSTEE 1.00
Director
$39,520 $0 $39,520
NITA AHUJA TRUSTEE 1.00
Director
$0 $0 $0
VICTOR BOLDEN TRUSTEE 1.00
Director
$0 $0 $0
NANCY BROWN TRUSTEE 1.00
Director
$0 $0 $0
VINCENT CALARCO TRUSTEE 1.00
Director
$0 $0 $0
KERWIN CHARLES TRUSTEE 1.00
Director
$0 $0 $0
ERIK CLEMONS TRUSTEE 1.00
Director
$0 $0 $0
JOCELYN CUNNINGHAM TRUSTEE 1.00
Director
$0 $0 $0
JAMES ELROD TRUSTEE 1.00
Director
$0 $0 $0
AZITA EMAMI TRUSTEE 1.00
Director
$0 $0 $0
MARY FARRELL CHAIRMAN/TRUSTEE 1.00
Officer Director
$0 $0 $0
WILLIAM GINSBERG TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE HEILPERN PRESIDENT/TRUSTEE 40.00
Officer Director
$0 $0 $0
AARON HOLLANDER SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
THOMAS B KETCHUM TRUSTEE 1.00
Director
$0 $0 $0
MARIETTA LEE TRUSTEE 1.00
Director
$0 $0 $0
LINDA KOCH LORIMER VICE CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
SISTER ROSEMARY MOYNIHAN TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN MURPHY TRUSTEE 1.00
Director
$0 $0 $0
MEGAN L RANNEY MD TRUSTEE 1.00
Director
$0 $0 $0
PETER SALOVEY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
JAMES TORGERSON TRUSTEE 1.00
Director
$0 $0 $0
EUGENIA VINING TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA WILBER 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 $4,571,807,805 $4,367,597,575 $5,447,832,318 $204,210,230
2023 $4,190,091,426 $4,112,468,772 $4,636,988,989 $77,622,654
2022 $3,904,285,739 $3,968,389,537 $4,808,074,993 $-64,103,798
2021 $3,722,110,705 $3,586,304,261 $5,389,749,261 $135,806,444
2020 $3,414,587,874 $3,353,235,179 $4,903,006,397 $61,352,695
2019 $3,266,220,524 $3,007,841,706 $4,163,506,332 $258,378,818
2018 $3,119,994,657 $2,767,594,128 $3,869,962,766 $352,400,529
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