CONNECTICUT HEALTHCARE RESEARCH & EDUCATION FOUNDATION INCORPORATED (EIN 060890298) - 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

1966

Legal Domicile

Principal Officer

JENNIFER JACKSON

Phone

2032657611

Tax Period

2024-05-01 to 2025-04-30

CONNECTICUT HEALTHCARE RESEARCH & EDUCATION FOUNDATION INCORPORATED, founded in 1966, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.5M, a strong 38% operating margin.

Mission

EDUCATION PROGRAMS AND RESEARCH TO FOSTER HEALTHCARE DELIVERY BY HOSPITAL AND HEALTHCARE ORGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,389,714

Program Service Revenue $677,413

Investment Income $49,980

Other Revenue $-49,980

TOTAL REVENUE $4,067,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,251,375

Fundraising Expenses $0

Program Expenses $1,819,291

Other Expenses $1,287,696

TOTAL EXPENSES $2,539,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,067,127	$3,784,433	+0.1%
Expenses	$2,539,071	$2,542,143	0.0%
Net Income	$1,528,056	$1,242,290	+0.2%

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

N/A

Volunteers

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

$1,933,072

Total Directors

$1,234,534

Key Employees

$906,613

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER M O'CONNOR	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICK A CHARMEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN M MURPHY MD	TRUSTEE	1.00	Officer Director	$0	$0	$0
VINCENT G CAPECE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY A FLAKS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JENNIFER JACKSON	PRESIDENT	5.00	Officer Director	$0	$75,400	$1,234,534
THOMAS J BALCEZAK MD	TRUSTEE	1.00	Director	$0	$0	$0
KURT A BARWIS	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH A CAREY RSM PHD	TRUSTEE	1.00	Director	$0	$0	$0
ANNE DIAMOND JD	TRUSTEE	1.00	Director	$0	$0	$0
BIMAL PATEL	TRUSTEE	1.00	Director	$0	$0	$0
LYNN RICCI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SHMERLING DHA	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN SILARD	SECRETARY	1.00	Director	$0	$0	$0
DEBORAH K WEYMOUTH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A WHITEHEAD	TRUSTEE (RESIGNED 2024)	1.00	Director	$0	$0	$0
ENA WILLIAMS RN	TRUSTEE (RESIGNED 2024)	1.00	Director	$0	$0	$0
DONNA HANDLEY	TRUSTEE	1.00	Director	$0	$0	$0
SYED HUSSAIN MD	TRUSTEE	1.00	Director	$0	$0	$0
R KYLE KRAMER	TRUSTEE	1.00	Director	$0	$0	$0
D MONTEZ CARTER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JENNINGS	TRUSTEE	1.00	Director	$0	$0	$0
PAM SUTTON-WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE KILPERN MD	TRUSTEE (JOINED 10/2024)	1.00	Director	$0	$0	$0
MARYELLEN KOSTURKO DNP	TRUSTEE (JOINED 10/2024)	1.00	Director	$0	$0	$0
JOHN J BRADY	CHIEF OPERATING OFFICER	5.00	Officer	$0	$81,898	$698,538
ALISON VAIL	VP, QUALITY AND PATIENT SAFETY	40.00	Key Emp	$371,613	$55,003	$426,616
GRACE NAPOLITAN	SR. VP, ADMINISTRATION	5.00	Key Emp	$0	$59,555	$479,997
ELLEN CROWE	DIRECTOR, CLINICAL EXCELLENCE AND CARE REDESIGN	40.00	Highest	$219,241	$45,787	$265,028
CHRISTINE PRESTIANO	DIRECTOR, EDUCATION AND SPONSORSHIP	36.00	Highest	$136,366	$41,672	$178,038

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	$4,067,127	$2,539,071	$13,809,650	$1,528,056
2024	$3,784,433	$2,542,143	$14,903,207	$1,242,290
2023	$2,365,828	$2,066,730	$8,141,337	$299,098
2022	$2,254,090	$2,176,804	$2,528,210	$77,286
2021	$2,423,516	$2,664,244	$2,625,332	$-240,728
2020	$2,844,873	$3,277,022	$2,928,654	$-432,149
2019	$2,674,192	$2,871,893	$3,221,379	$-197,701

CONNECTICUT HEALTHCARE RESEARCH & EDUCATION FOUNDATION INCORPORATED