Hartford Hospital (EIN 060646668) - 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

1854

Legal Domicile

Principal Officer

Cheryl Ficara

Phone

8605450585

Tax Period

2023-10-01 to 2024-09-30

Hartford Hospital, founded in 1854, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2023. Expenses of $2.5B left a modest 6% surplus.

Mission

To improve the health and healing of the people and communities we serve.

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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 $29,029,334

Program Service Revenue $2,598,091,006

Investment Income $35,203,903

Other Revenue $-2,994,603

TOTAL REVENUE $2,659,329,640

Expense Breakdown

Grants Paid $730,545

Salaries & Benefits $949,006,798

Fundraising Expenses $2,507,327

Program Expenses $2,378,709,669

Other Expenses $1,554,482,077

TOTAL EXPENSES $2,504,219,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,659,329,640	$2,582,241,968	+0.0%
Expenses	$2,504,219,420	$2,459,947,325	+0.0%
Net Income	$155,110,220	$122,294,643	+0.3%

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

10967

Volunteers

750

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

$6,971,711

Total Directors

$5,071,797

Key Employees

$2,972,191

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Flaks	CEO, HHC	20.00	Officer	$0	$72,987	$4,083,578
Bimal Patel	President (Thru Sept 30, 2024)	40.00	Officer Director	$0	$70,326	$2,447,701
Ajay Kumar MD	Former Key Employee	0.00		$0	$183,792	$1,360,247
Rocco Orlando III MD	Director	2.00	Director	$0	$85,981	$1,123,373
Kenneth Robinson MD	Director	30.00	Director	$417,549	$59,289	$864,342
Adam Steinberg MD	VP, Medical Affairs	20.00	Key Emp	$0	$68,822	$677,106
Radhika Mehendru MD	Psychiatrist MHN	60.00	Highest	$597,550	$41,391	$638,941
Cheryl Ficara	Director	2.00	Director	$0	$48,941	$636,381
Javeed Sukhera MD	Chair Psych IOL, Chief Psych HH	60.00	Highest	$514,102	$59,076	$573,178
Matthew Tichauer MD	Emergency Room Physician	60.00	Highest	$490,682	$65,859	$556,541
Suparna Dutta MD	Dir Dept of Medicine	60.00	Highest	$487,028	$49,146	$536,174
Andrew Salner MD	Chair Cancer Institute	60.00	Highest	$488,711	$46,942	$535,653
Lynn Rossini	VP, Philanthropy	60.00	Key Emp	$462,087	$45,667	$507,754
Melanie Tucker	Former Key Employee	0.00		$0	$48,348	$450,140
Gregory Jones	VP, Community Health and Engagement	60.00	Key Emp	$0	$29,718	$449,478
Sean Curtin	VP, Finance	30.00	Officer	$0	$63,344	$440,432
Gregory Makowski MD	Former Key Employee	0.00		$0	$24,872	$416,121
Laura Bailey	VP, Patient Care Services	60.00	Key Emp	$0	$66,958	$411,035
Elizabeth Ciotti	Former Key Employee	0.00		$0	$32,404	$339,998
Keith Grant	VP, Operations	60.00	Key Emp	$0	$34,104	$336,313
David Fichandler	VP, Administration	60.00	Key Emp	$312,060	$22,564	$334,624
Ronald Johnson	VP, Human Resources	60.00	Key Emp	$0	$33,474	$255,881
Rhona Free	Director	2.00	Director	$0	$0	$0
Samuel Gray Jr	Director	2.00	Director	$0	$0	$0
Allison Lawrence	Director	2.00	Director	$0	$0	$0
Dickens Mathieu	Director	2.00	Director	$0	$0	$0
Michael O'Loughlin MD	Director (Thru Dec 2023)	2.00	Director	$0	$0	$0
Dariush Owlia MD	Director (Thru June 2024)	2.00	Director	$0	$0	$0
E Carol Polifroni	Director (Thru June 2024)	2.00	Director	$0	$0	$0
Matthew Saidel MD	Director (Thru June 2024)	2.00	Director	$0	$0	$0
Nadine Francis West	Director	2.00	Director	$0	$0	$0
Elease Wright	Director	2.00	Director	$0	$0	$0
Eric Zachs	Director	2.00	Director	$0	$0	$0
Alexia Cruz	Chair (Thru June 2024)	3.00	Officer Director	$0	$0	$0
Brian MacLean	Chair	3.00	Officer Director	$0	$0	$0
Arnold Chase	Vice Chair	3.00	Officer 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	$2,659,329,640	$2,504,219,420	$2,759,703,602	$155,110,220
2023	$2,582,241,968	$2,459,947,325	$2,447,991,131	$122,294,643
2022	$2,318,411,620	$2,197,791,689	$2,387,172,618	$120,619,931
2021	$2,144,332,314	$1,979,359,593	$2,348,487,975	$164,972,721
2020	$1,909,693,973	$1,843,108,359	$2,079,507,780	$66,585,614
2019	$1,773,163,439	$1,657,249,639	$1,850,044,536	$115,913,800
2018	$1,631,051,847	$1,522,355,576	$1,792,515,823	$108,696,271

Hartford Hospital