The Charlotte Hungerford Hospital (EIN 060646678) - 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

1917

Legal Domicile

Principal Officer

Sean Curtin

Phone

8604966728

Tax Period

2023-10-01 to 2024-09-30

The Charlotte Hungerford Hospital, founded in 1917, is a major nonprofit in the Health Care sector that reported $217.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To provide quality, compassionate and cost effective healthcare to the community of Northwestern 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 $3,988,055

Program Service Revenue $209,108,225

Investment Income $3,901,238

Other Revenue $40,306

TOTAL REVENUE $217,037,824

Expense Breakdown

Grants Paid $73,459

Salaries & Benefits $121,077,180

Fundraising Expenses $242,390

Program Expenses $201,951,405

Other Expenses $90,821,260

TOTAL EXPENSES $211,971,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,037,824	$196,319,850	+0.1%
Expenses	$211,971,899	$199,894,192	+0.1%
Net Income	$5,065,925	$-3,574,342	-2.4%

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

1368

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

$3,390,579

Total Directors

$4,092,879

Key Employees

$915,363

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Borghesi	Director (Thru 06/24)	2.00	Director	$0	$0	$0
Cathy-Lynne Coyle	Director (Thru 06/24)	2.00	Director	$0	$0	$0
Stefanie Durstin MD	Chair	3.00	Officer Director	$0	$0	$0
Christina Emery	Director	2.00	Director	$0	$0	$0
Tamir Friedman MD	Director	2.00	Director	$0	$0	$0
Maria Gonzalez	Vice Chair	3.00	Officer Director	$0	$0	$0
John Janco	Director (Thru 06/24)	2.00	Director	$0	$0	$0
John Lavieri	Director (Thru 06/24)	2.00	Director	$0	$0	$0
Diane Libby	Vice Chair (Thru 06/24)	3.00	Officer Director	$0	$0	$0
Robert Lindenberg MD	Director	2.00	Director	$0	$0	$0
Aaron Mambrino	Director	2.00	Director	$0	$0	$0
Kevin O'Connell	Director	2.00	Director	$0	$0	$0
Rocco Orlando III MD	Director (Thru 06/24)	1.00	Director	$0	$85,981	$1,123,373
Joann Ryan	Director	2.00	Director	$0	$0	$0
Joseph Abreu MD	Director (Thru 09/24)	1.00	Director	$0	$53,669	$521,805
Julian Sawyer	Director	2.00	Director	$0	$0	$0
Maria Countant Skinner	Chair (Thru 06/24)	3.00	Officer Director	$0	$0	$0
Bimal Patel	Director & President	30.00	Officer Director	$0	$70,326	$2,447,701
John Capobianco	SVP, Operations	60.00	Officer	$0	$69,868	$502,446
Sean Curtin	VP, Finance	60.00	Officer	$0	$63,344	$440,432
Erinne Houton	VP, Patient Care Services	60.00	Key Emp	$0	$55,999	$272,944
Paul Scalise MD	VP, Medical Affairs	60.00	Key Emp	$0	$59,919	$642,419
Marina Davitiani	Physician	60.00	Highest	$391,180	$53,817	$444,997
Edward Shalom	Physician	60.00	Highest	$402,484	$16,627	$419,111
Hemal Patel	Physician	60.00	Highest	$357,974	$23,937	$381,911
Derek Nguyen	Physician	60.00	Highest	$345,408	$44,004	$389,412
Misbahul Siddiqi	Physician	60.00	Highest	$354,801	$68,659	$423,460
Susan Schapp	Former VP, Finance	0.00		$0	$52,948	$472,924
Daniel Mcintyre	Former SVP President & CEO	0.00		$0	$0	$11,023
Lisa Diamond	Former Highest Compensated Employee	0.00		$236,508	$17,134	$253,642

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	$217,037,824	$211,971,899	$207,151,650	$5,065,925
2023	$196,319,850	$199,894,192	$184,314,274	$-3,574,342
2022	$190,739,034	$188,950,313	$191,957,147	$1,788,721
2021	$189,585,958	$179,061,730	$194,929,840	$10,524,228
2020	$165,436,956	$170,403,135	$188,994,381	$-4,966,179
2019	$149,709,323	$152,014,572	$160,578,818	$-2,305,249
2018	$141,236,488	$127,213,359	$171,943,101	$14,023,129

The Charlotte Hungerford Hospital