Hospital For Special Care

EIN: 060646766 501(c)(3) Health Care

New Britain, CT

Total Revenue
$140,504,354
Total Expenses
$136,120,157
Total Assets
$183,478,214
Net Assets
$132,069,538
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
CT
Principal Officer
Lynn Ricci
Phone
8608274842
Tax Period
2024-04-01 to 2025-03-31

Hospital For Special Care, founded in 1941, is a major nonprofit in the Health Care sector that reported $140.5M in total revenue in fiscal year 2024. Expenses of $136.1M left a modest 3% surplus.

Mission

Hospital for Special Care is a 236-Bed Rehabilitation and Chronic Disease hospital, serving patients in these primary areas: Inpatient and Outpatient Rehabilitation.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,461,893
Program Service Revenue $131,768,597
Investment Income $4,633,908
Other Revenue $1,639,956
TOTAL REVENUE $140,504,354

Expense Breakdown

Grants Paid $37,683
Salaries & Benefits $100,970,178
Fundraising Expenses $0
Program Expenses $115,732,561
Other Expenses $35,112,296
TOTAL EXPENSES $136,120,157

Year-over-Year Comparison

2024 2023 Change
Revenue $140,504,354 $136,018,536 +0.0%
Expenses $136,120,157 $131,238,751 +0.0%
Net Income $4,384,197 $4,779,785 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
16
Employees
1474
Volunteers
245

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
13
$4,294,641
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lynn Ricci FACHE President & CEO 35.90
Officer
$1,419,760 $19,278 $1,451,041
William Pesce DO CMO 40.00
Officer
$585,394 $44,509 $629,903
Laurie A Rudman SVP & CFO 37.80
Officer
$412,821 $44,044 $476,016
Kevin Shushtari MD Interinst 40.00
$406,518 $21,741 $428,259
Marc Brunetti Former Chief Operating Officer 40.00
$383,177 $26,270 $409,447
Marcy Goldstein MD Chief, Int. Med. 40.00
$364,834 $42,861 $407,695
Adrian Chan MD Neurologist 40.00
$377,642 $25,566 $403,208
Nathan Nartey MD Internist 40.00
$355,250 $42,687 $397,937
Stanislaw Jankowski VP & CIO 40.00
Officer
$303,583 $29,366 $332,949
Megan A McGovern Esq VP, Legal 38.90
Officer
$300,581 $10,830 $317,009
Jennifer Farley VP & CQO 40.00
Officer
$251,251 $40,203 $291,454
Abir Rahman DO Neurologist 40.00
$258,129 $24,976 $283,105
Jeffry Lawton VP, Facilities 40.00
Officer
$243,974 $26,490 $270,464
Kelly Mazza VP, HR 40.00
Officer
$234,218 $4,016 $238,234
Anne Wojskowicz VP & CNO 40.00
Officer
$192,841 $22,739 $215,580
Anna Maria Andarowski Asst. Secretary 40.00
Officer
$71,991 $0 $71,991
Ronald Buccilli PsyD Trustee 0.23
Director
$0 $0 $0
Ashley Calabrese Trustee 0.23
Director
$0 $0 $0
Joe Ficocello Trustee 0.23
Director
$0 $0 $0
Jonathan Frucce Trustee 0.23
Director
$0 $0 $0
Selette Jemison DBA Trustee 0.23
Director
$0 $0 $0
Kimberly Joerg DNP APRN PNP Trustee 0.23
Director
$0 $0 $0
Kathryn Pizzi Trustee 0.23
Director
$0 $0 $0
Lloyd Stephen Trustee 0.23
Director
$0 $0 $0
Angelo Messina CPA Esq Trustee 0.23
Director
$0 $0 $0
Alexandra Thomas Esq Trustee 0.23
Director
$0 $0 $0
Mark Watson MD Trustee 0.23
Director
$0 $0 $0
Mother Janice Zdunczyk Trustee 0.23
Director
$0 $0 $0
Diane R Chace Esq Chairman 0.23
Officer Director
$0 $0 $0
Brian Tevnan CPA Vice Chair 0.23
Officer Director
$0 $0 $0
Tracy McKaveney CPA Asst. Treasurer 0.23
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
2025 $140,504,354 $136,120,157 $183,478,214 $4,384,197
2024 $136,018,536 $131,238,751 $181,183,200 $4,779,785
2023 $128,446,541 $124,452,234 $170,075,271 $3,994,307
2022 $122,480,911 $115,899,294 $171,909,845 $6,581,617
2021 $125,553,753 $110,785,523 $174,986,764 $14,768,230
2019 $111,070,558 $103,675,375 $144,284,237 $7,395,183
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