LEGACY WATERBURY HOSPITAL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

CARL CONTADINI

Phone

8608490949

Tax Period

2023-10-01 to 2024-09-30

LEGACY WATERBURY HOSPITAL INC, founded in 1951, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 79% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO WIND UP THE AFFAIRS OF "WATERBURY HOSPITAL- AND DISTRIBUTE THE REMAINING ASSETS TO AN UNAFFILIATED 501(C)3 CHARITY.

Program Service Accomplishments

Program 1

Expenses: $15,334

PROGRAM SERVICES ARE THE EXPENSES AND COSTS ASSOCIATED WITH THE LIQUIDATION OF THE OLD "WATERBURY HOSPITAL'S" LIABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,343,189

Program Service Revenue $0

Investment Income $173,523

Other Revenue $0

TOTAL REVENUE $1,516,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,334

Other Expenses $313,798

TOTAL EXPENSES $313,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,516,712	$1,555,911	0.0%
Expenses	$313,798	$782,938	-0.6%
Net Income	$1,202,914	$772,973	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL CONTADINI	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DAVID J PIZZUTO MD	DIRECTOR	N/A	Officer Director	$0	$0	$0
JOHN A MICHAELS	DIRECTOR	N/A	Officer Director	$0	$0	$0
CARL B SHERTER	DIRECTOR	N/A	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
2024	$1,516,712	$313,798	$10,317,979	$1,202,914
2023	$1,555,911	$782,938	$6,982,513	$772,973
2022	$3,160,589	$1,233,790	$10,269,449	$1,926,799
2021	$5,007,818	$13,438,117	$10,097,657	$-8,430,299
2020	$3,455,469	$2,211,667	$22,199,234	$1,243,802
2018	$2,257,953	$2,077,079	$26,855,264	$180,874