SAINT FRANCIS HOSPITAL AND MEDICAL… - Form 990 Financial Data

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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

1897

Legal Domicile

Principal Officer

VALERIE POWELL-STAFFORD

Phone

8607144000

Tax Period

2023-10-01 to 2024-09-30

SAINT FRANCIS HOSPITAL AND MEDICAL CENTER, founded in 1897, is a major nonprofit in the Health Care sector that reported $876.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

WE, TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. SAINT FRANCIS HOSPITAL AND MEDICAL CENTER IS A MEMBER OF TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $828,273,465 Revenue: $859,080,809

SAINT FRANCIS HOSPITAL AND MEDICAL CENTER HAS BEEN AN ANCHOR INSTITUTION IN NORTH CENTRAL CONNECTICUT SINCE 1897. SAINT FRANCIS HOSPITAL AND MEDICAL CENTER IS LICENSED FOR 617 BEDS AND 65 BASSINETS, IS A MAJOR TEACHING HOSPITAL AND THE LARGEST CATHOLIC HOSPITAL IN NEW ENGLAND.SAINT FRANCIS HOSPITAL AND MEDICAL CENTER IS COMMITTED TO EXCEEDING THE EXPECTATIONS OF OUR PATIENTS AND FAMILIES BY PROVIDING WORLD-CLASS SERVICE IN A PROGRESSIVE, PEOPLE-CENTERED, COMPASSIONATE HEALTH CARE ENVIRONMENT.AT SAINT FRANCIS HOSPITAL AND MEDICAL CENTER WE REMAIN COMMITTED TO THE MISSION THAT HAS BEEN VIRTUALLY UNCHANGED DURING OUR 120-YEAR HISTORY - TO IMPROVE AND ENRICH THE LIVES OF INDIVIDUALS AND FAMILIES IN OUR REGION. COMPASSIONATE CARE, SUPERIOR TECHNOLOGY AND PREVENTION-ORIENTED EDUCATION WILL COMBINE IN CENTERS OF CLINICAL EXCELLENCE. DEDICATION TO OUR FOUNDING CORE VALUES WILL CREATE A SPIRITUAL AND HEALING ENVIRONMENT.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/LOCATION/SAINT-FRANCIS-HOSPITAL

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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 $8,203,982

Program Service Revenue $851,812,170

Investment Income $3,465,114

Other Revenue $13,325,567

TOTAL REVENUE $876,806,833

Expense Breakdown

Grants Paid $306,348

Salaries & Benefits $272,617,557

Fundraising Expenses $0

Program Expenses $828,273,465

Other Expenses $659,261,247

TOTAL EXPENSES $932,185,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$876,806,833	$931,352,319	-0.1%
Expenses	$932,185,152	$927,365,993	+0.0%
Net Income	$-55,378,319	$3,986,326	-14.9%

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

297

Volunteers

138

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

$2,656,862

Total Directors

$3,175,253

Key Employees

$669,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SMITH	DIRECTOR, CHAIR THR 12/23	1.00	Officer Director	$0	$0	$0
JOANN PRICE	DIR; V CHR THR 12/23; CHAIR AT 1/24	1.00	Officer Director	$0	$0	$0
WALTER HARRISON	DIRECTOR; VICE CHAIR AS OF 1/24	1.00	Officer Director	$0	$0	$0
MOST REV JUAN MIGUEL BETANCOURT	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BROWER	DIRECTOR; TRINITY SVP CLINICAL INTG	1.00	Director	$0	$177,280	$961,884
MONTEZ CARTER	DIRECTOR; TH OF NE PRES/CEO	1.00	Director	$0	$270,752	$1,638,045
GREGORY DAVIS	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
ROBERT GUMBARDO MD	DIRECTOR	1.00	Director	$0	$0	$0
AROSHA JAYAWICKREMA	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
JOHN KINNEY	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
KARL KRAPEK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KROEBER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE MANDELL	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
BARBARA MULLEN CSJ	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE SPATH MD	DIRECTOR, MEDICAL STAFF PRESIDENT	1.00	Director	$0	$52,055	$575,324
MICHELLE THEROUX	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ANTHONY	SECRETARY; VP MANAGING COUNSEL	1.00	Officer	$0	$124,357	$769,952
THOMAS BURKE	PRESIDENT THROUGH 12/23	49.00	Officer	$0	$42,897	$850,868
SEAN FITZPATRICKPD BY MGMT CO	TREAS; INTERIM REG CFO AS OF 10/23	1.00	Officer	$0	$0	$0
SHERI LEMIEUX	ASST SEC; ASST TO TH OF NE PRES/CEO	1.00	Officer	$0	$16,181	$126,159
DANIEL MOEN	TRINITY EXEC;INTERIM PRES 12/23-6/24	50.00	Officer	$0	$65,257	$909,883
VALERIE POWELL-STAFFORD	PRESIDENT AS OF 6/24	50.00	Officer	$0	$0	$0
DAVID SHAPIRO MD	CHIEF MEDICAL OFFICER	50.00	Key Emp	$0	$35,838	$669,713
LEE ANN JUDY	REGISTERED NURSE	50.00	Highest	$0	$37,692	$324,730
MARIJUNE CARD	REGISTERED NURSE	50.00	Highest	$0	$56,018	$339,050
GARY LAPOLLA	OCCUPATIONAL HEALTH PHYSICIAN	50.00	Highest	$0	$58,645	$338,935
ANGELA SAKAL	CHIEF PERFUSIONIST	50.00	Highest	$0	$47,146	$331,637
SHERIFA BELLO	REGISTERED NURSE	50.00	Highest	$0	$16,385	$289,462
JAMES HARRIS	FORMER OFFICER; TH OF NE DIR OF REIM	0.00		$0	$46,392	$277,482
DAVID BITTNER	FORMER OFFICER	0.00		$0	$571,302	$1,263,682
MICHAEL GREY MD	FORMER KE; CHAIR OF MEDICINE	0.00		$0	$18,533	$416,934
JENNIFER SCHNEIDER	FORMER OFFICER	0.00		$0	$388,340	$966,813

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	$876,806,833	$932,185,152	$742,755,051	$-55,378,319
2023	$931,352,319	$927,365,993	$880,798,340	$3,986,326
2022	$956,852,290	$921,990,438	$1,508,995,615	$34,861,852
2021	$997,837,414	$870,733,986	$1,654,893,576	$127,103,428
2020	$973,165,902	$864,716,976	$1,525,942,190	$108,448,926
2019	$994,476,982	$876,432,967	$1,131,536,694	$118,044,015
2018	$975,466,406	$889,408,782	$942,179,503	$86,057,624

SAINT FRANCIS HOSPITAL AND MEDICAL CENTER