MIDDLETOWN, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MIDDLESEX HOSPITAL, founded in 1895, is a major nonprofit in the Health Care sector that reported $539.7M in total revenue in fiscal year 2023. Expenses of $493.7M left a modest 9% surplus.
MIDDLESEX HOSPITAL EXISTS TO PROVIDE THE SAFEST, HIGHEST-QUALITY HEALTH CARE AND THE BEST EXPERIENCE POSSIBLE FOR OUR COMMUNITY. (CONTINUED ON SCHEDULE O)
IN MARCH OF 2020, MIDDLESEX HOSPITAL AS PART OF MIDDLESEX HEALTH'S COMMUNITY HEALTH AND WELL-BEING BASED WORK SHIFTED DRAMATICALLY TO ADDRESS THE COVID-19 PANDEMIC AND RESPOND TO COMMUNITY LEVEL...
IN MARCH OF 2020, MIDDLESEX HOSPITAL AS PART OF MIDDLESEX HEALTH'S COMMUNITY HEALTH AND WELL-BEING BASED WORK SHIFTED DRAMATICALLY TO ADDRESS THE COVID-19 PANDEMIC AND RESPOND TO COMMUNITY LEVEL NEEDS. MIDDLESEX HOSPITAL CONTINUES TO GO ABOVE AND BEYOND TO PROVIDE THE SAFEST POSSIBLE CARE TO ALL PATIENTS, WHETHER OR NOT THEIR ILLNESS IS RELATED TO THE CORONAVIRUS. MIDDLESEX HOSPITAL CONTINUES TO PROVIDE UPDATES AND ACCESS TO RESOURCES TO HELP MEMBERS OF THE COMMUNITY STAY SAFE AND HEALTHY DURING THESE CHALLENGING TIMES. ARMED WITH SKILLED STAFF, PROGRESSIVE DIAGNOSTIC TOOLS AND ADVANCED SURGICAL TECHNIQUES, THE HOSPITAL WAS WELL POSITIONED TO ENSURE A COMFORTABLE, SAFE ENVIRONMENT FOR EXCEPTIONAL MEDICAL TREATMENT AND RECOVERY. (CONTINUED ON SCHEDULE O)IN THE FISCAL YEAR ENDING 9/30/24, INPATIENT CARE REPRESENTED 11,455 DISCHARGES AND 54,274 PATIENT CARE DAYS. INPATIENT CARE FROM REGISTRATION THROUGH DISCHARGE IS CAREFULLY MANAGED TO EXCEED REGULATORY REQUIREMENTS AND ENSURE QUALITY, PATIENT SATISFACTION, AND BEST PRACTICE WITH EACH ASPECT OF THE INPATIENT EXPERIENCE, INCLUDING ALL ELEMENTS OF CARE FROM NURSING COMPETENCY AND COMPASSION, TO MEAL QUALITY, LAB AND DIAGNOSTIC TESTING, SAFE AND SECURE PHYSICAL SURROUNDINGS TO PATIENT EDUCATION. MIDDLESEX HOSPITAL, LICENSED FOR 275 BEDS AND 22 BASSINETS, PROVIDES ACUTE CARE FROM DEDICATED HEALTH CARE TEAMS WHICH INCLUDE SURGEONS, HOSPITALISTS, FAMILY PRACTITIONERS AND RESIDENTS, MEDICAL STAFF PHYSICIANS, MAGNET NURSES, PHYSICIAN ASSISTANTS, PATIENT CARE TECHNOLOGISTS, DIAGNOSTIC TECHNICIANS, PATHOLOGISTS, ADMINISTRATORS, ENVIRONMENTAL SERVICES, SECURITY, ENGINEERING AND A HOST OF OTHERS WORKING TOGETHER TO ENABLE THE ORGANIZATION'S SUCCESS.THE HOSPITAL UNITS INCLUDING INTENSIVE AND CRITICAL CARE, MEDICAL SURGICAL, ONCOLOGY, ORTHOPEDIC, PULMONOLOGY, VASCULAR AND CARDIOLOGY, GASTROINTESTINAL, MATERNITY, A 20-BED PSYCHIATRIC FLOOR, AND HOSPICE SERVICES SPECIALIZE IN THE SPECIFIC NEEDS OF THEIR PATIENTS AND ARE STAFFED TO ACCOMMODATE THE UNIQUE TREATMENT REQUIREMENTS OF EACH. ALL ANCILLARY SERVICES INCLUDING LABS, RADIOLOGY, FOOD SERVICES, PATHOLOGY, PHARMACY, MEDICAL TRANSCRIPTION AND INFORMATION SERVICES TOO ARE A PART OF THE HOSPITAL TEAM. PATIENT CARE IS DEVELOPED WITH FULL CONSIDERATION OF THE WHOLE INDIVIDUAL, AS THEY ARE ASSIGNED TO CONDITION SPECIFIC CARE PATHWAYS AND SERVICES TO SECURE BEST TREATMENT AND RECOVERY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $539,655,486 | $512,639,238 | +0.1% |
| Expenses | $493,737,848 | $485,711,932 | +0.0% |
| Net Income | $45,917,638 | $26,927,306 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VINCENT CAPECE JR | PRESIDENT/CEO | 40.00 |
Officer
Director
|
$1,465,474 | $327,312 | $1,792,786 |
| DAVID C BENOIT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEAN M D'AQUILA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN J GAUTHIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT C HINTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHANDLER J HOWARD | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN D LEVINE MD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK D LORENZE MD | ASST SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARRELL G PATASKA | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE H REPASY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY M WALLACE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK BERTOLAMI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH G JUDD | DIRECTOR (JOINED 10/1/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MARTIN | VP FINANCE/TREASURER | 40.00 |
Officer
|
$696,091 | $68,827 | $764,918 |
| JONATHAN BANKOFF | CHAIRMAN EMERGENCY MEDICINE | 40.00 |
Key Emp
|
$501,396 | $56,892 | $558,288 |
| TODD BISCHOP | CHIEF DEPT OF MED | 40.00 |
Key Emp
|
$440,341 | $25,440 | $465,781 |
| DAVID GIUFFRIDA | VP FACILITIES AND SUPPORT SVCS | 40.00 |
Key Emp
|
$516,951 | $51,049 | $568,000 |
| EVAN JACKSON | VP & CIO | 40.00 |
Key Emp
|
$529,738 | $100,074 | $629,812 |
| DONNA STRONESKI | VP HUMAN RESOURCES | 40.00 |
Key Emp
|
$421,429 | $64,139 | $485,568 |
| DAVID COSENTINO | VP QUALITY & PATIENT SAFETY | 40.00 |
Key Emp
|
$571,059 | $108,448 | $679,507 |
| KELLY HAECKEL | VP PATIENT CARE SVCS/CNO | 40.00 |
Key Emp
|
$391,175 | $84,578 | $475,753 |
| LELAND MCKENNA | VP PLANNING & EXTERNAL AFFAIRS | 40.00 |
Key Emp
|
$322,825 | $51,891 | $374,716 |
| JUSTIN DREW | VP AMBULATORY & CLINICAL SVCS | 40.00 |
Key Emp
|
$322,658 | $56,190 | $378,848 |
| JEFFREY SHELTON | CHAIRMAN DEPT PSYCH | 40.00 |
Highest
|
$457,001 | $44,208 | $501,209 |
| THEODORE HARTENSTEIN | MED DIRECTOR, UTILIZATION | 40.00 |
Highest
|
$506,696 | $56,442 | $563,138 |
| JUSTIN GORALNIK | PULMONOLOGIST | 40.00 |
Highest
|
$470,423 | $34,861 | $505,284 |
| RICARDO PEREZ | PULMONOLOGIST | 40.00 |
Highest
|
$504,207 | $50,292 | $554,499 |
| BRIAN MCGUIRE | PHYSICIAN | 40.00 |
Highest
|
$423,850 | $60,949 | $484,799 |
| JESSE WAGNER MD | FORMER KEY EMPLOYEE | 40.00 |
|
$206,816 | $4,136 | $210,952 |
| LAURA MARTINO LEFT 122022 | FORMER KEY EMPLOYEE | 40.00 |
|
$370,265 | $151,713 | $521,978 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $539,655,486 | $493,737,848 | $614,139,759 | $45,917,638 |
| 2023 | $512,639,238 | $485,711,932 | $557,504,992 | $26,927,306 |
| 2022 | $484,471,218 | $455,782,472 | $546,749,767 | $28,688,746 |
| 2021 | $466,024,134 | $440,368,727 | $628,027,463 | $25,655,407 |
| 2020 | $444,816,688 | $419,235,331 | $619,190,364 | $25,581,357 |
| 2019 | $452,671,267 | $410,004,757 | $528,880,049 | $42,666,510 |
| 2018 | $451,390,925 | $403,345,263 | $508,825,625 | $48,045,662 |
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