CONNECTICUT CHILDREN'S MEDICAL CENTER (EIN 060646755) - 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

1921

Legal Domicile

Principal Officer

JAMES E SHMERLING DHA FACHE

Phone

8605459000

Tax Period

2023-10-01 to 2024-09-30

CONNECTICUT CHILDREN'S MEDICAL CENTER, founded in 1921, is a major nonprofit in the Health Care sector that reported $637.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $547.6M left a modest 14% surplus.

Mission

CONNECTICUT CHILDREN'S MEDICAL CENTER IS DEDICATED TO IMPROVING THE PHYSICAL AND EMOTIONAL HEALTH OF CHILDREN THROUGH FAMILY-CENTERED CARE, RESEARCH, EDUCATION AND ADVOCACY.

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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 $112,340,681

Program Service Revenue $521,068,387

Investment Income $2,652,219

Other Revenue $1,588,070

TOTAL REVENUE $637,649,357

Expense Breakdown

Grants Paid $200,228

Salaries & Benefits $266,712,246

Fundraising Expenses $0

Program Expenses $397,537,092

Other Expenses $280,651,280

TOTAL EXPENSES $547,563,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$637,649,357	$538,720,983	+0.2%
Expenses	$547,563,754	$502,193,587	+0.1%
Net Income	$90,085,603	$36,527,396	+1.5%

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

2692

Volunteers

134

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

$4,013,631

Total Directors

$2,592,360

Key Employees

$5,294,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E SHMERLINGDHAFACHE	Director - President/CEO	55.0	Officer Director	$1,961,111	$46,672	$2,007,783
Christine Finck MD FACS	EVP Surgeon-In-Chief	55.0	Key Emp	$0	$144,489	$1,364,774
Robert E Duncan	EVP Chief Operating Officer	55.0	Officer	$862,162	$157,369	$1,019,531
Bridgett Feagin MBA	EVP Chief Financial Officer	55.0	Officer	$847,727	$138,590	$986,317
Juan C Salazar MD MPH	EVP/ACAD AFF/PHYS-IN-CHIEF	55.0	Key Emp	$898,864	$53,793	$952,657
R Moses Vargas Esq	SVP Chief Legal Officer	55.0	Key Emp	$592,641	$105,583	$698,224
Paul H Dworkin MD	EVP Community Child Health	55.0	Highest	$649,880	$19,300	$669,180
Lawrence E Milan MA	SVP Human Resources	55.0	Key Emp	$604,651	$33,385	$638,036
Deb Pappas MBA	VP MKTG/COMMUNICATIONS OFFICER	55.0	Highest	$569,238	$43,622	$612,860
Jung Park	Former Key Employee	55.0		$546,428	$42,057	$588,485
Nicole Murray-Posner MD	Dir - Pres Med Staff	55.0	Director	$0	$33,122	$584,577
Sarah Matney MSOL BSN RN	SVP, CLINICAL SERVICES & CNO	55.0	Key Emp	$472,768	$96,640	$569,408
Lori R Pelletier PhD MBA	SVP, CQO & PT SAFETY OFFICER	55.0	Key Emp	$462,079	$93,110	$555,189
Ryan C Calhoun	VP Strategy & Care Integration	55.0	Highest	$443,201	$50,111	$493,312
William A Agostinucci MS	VP Corporate Services	55.0	Highest	$414,762	$32,526	$447,288
Richelle Demayo MD	CHIEF MEDICAL INFO OFFICER	55.0	Highest	$393,213	$30,976	$424,189
Aimee Monroy Smith	SVP, GOV'T RELATIONS & EXT AFF	55.0	Key Emp	$319,958	$73,198	$393,156
Jonathan M Carroll MBA	SVP CIO (Eff 10/30/23)	55.0	Key Emp	$79,867	$43,671	$123,538
Jonathan Rubin	Chairman - Director	1.0	Officer Director	$0	$0	$0
Jeffrey P Klenk	Vice Chairman - Director	1.0	Officer Director	$0	$0	$0
Tina Brown-Stevenson	Secretary - Director	1.0	Officer Director	$0	$0	$0
Andrea Balogh	Director	1.0	Director	$0	$0	$0
Scott Braunstein	Director	1.0	Director	$0	$0	$0
Shari G Cantor	Director; Ex-Officio	1.0	Director	$0	$0	$0
Frank Ferrucci	Director	1.0	Director	$0	$0	$0
Christopher Holley	Director	1.0	Director	$0	$0	$0
Preston Kodak III	Director	1.0	Director	$0	$0	$0
Dorothy Levine MD	Director	1.0	Director	$0	$0	$0
Burke Magnus	Director	1.0	Director	$0	$0	$0
Otis Maynard	Director	1.0	Director	$0	$0	$0
Stephen Miller	Director	1.0	Director	$0	$0	$0
CARLOS MOUTA	Director	1.0	Director	$0	$0	$0
Michelle Murphy	Director	1.0	Director	$0	$0	$0
David M Roth Esq	Director; Ex-Officio	1.0	Director	$0	$0	$0
Jennifer Schwab MD	Director	1.0	Director	$0	$0	$0
Steven Solecki	Director	1.0	Director	$0	$0	$0
TINA ST PIERRE	Director	1.0	Director	$0	$0	$0
JAMES W FANELLI CFP	Director (TERM 12/31/2023)	1.0	Director	$0	$0	$0
ANDREW ZEITLIN	Director (TERM 12/31/2023)	1.0	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	$637,649,357	$547,563,754	$1,014,261,160	$90,085,603
2024	$637,649,357	$547,563,754	$1,014,261,160	$90,085,603
2023	$538,720,983	$502,193,587	$883,059,452	$36,527,396
2022	$484,453,725	$444,525,068	$715,749,041	$39,928,657
2021	$449,106,821	$391,297,432	$576,292,525	$57,809,389
2020	$406,852,063	$371,945,837	$468,158,242	$34,906,226
2019	$393,912,000	$355,999,364	$452,452,793	$37,912,636
2018	$366,987,704	$333,355,168	$447,316,131	$33,632,536

CONNECTICUT CHILDREN'S MEDICAL CENTER