Natchaug Hospital Inc (EIN 060966963) - 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

1954

Legal Domicile

Principal Officer

James O'Dea

Phone

8604561311

Tax Period

2023-10-01 to 2024-09-30

Natchaug Hospital Inc, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $55.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The mission of Natchaug Hospital is to provide a continuum of accessible, community-based services for those living with psychiatric illness and chemical dependency or emotional and related educational disabilities, with a commitment to the dignity and privacy of those needing service, empowering them to participate in their own care, education and recovery.

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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 $80,199

Program Service Revenue $55,032,862

Investment Income $2,800

Other Revenue $-1,801

TOTAL REVENUE $55,114,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,171,566

Fundraising Expenses $23,106

Program Expenses $49,870,385

Other Expenses $14,475,324

TOTAL EXPENSES $55,646,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,114,060	$49,390,181	+0.1%
Expenses	$55,646,890	$53,879,613	+0.0%
Net Income	$-532,830	$-4,489,432	-0.9%

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

597

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

$2,630,137

Total Directors

$2,041,884

Key Employees

$1,169,140

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Berry MD	Director (Thru 06/24)	1.00	Director	$0	$105	$3,105
Henry Beck	Director	1.00	Director	$0	$0	$0
Kristen Gildersleeve MD	Director (Thru 10/23)	1.00	Director	$0	$58,327	$369,142
Joanna Chaurette MD	Director/ Assoc Medical Director	60.00	Director	$312,142	$63,059	$375,201
Lee-Ann Gomes	Director	1.00	Director	$0	$0	$0
Donna Handley	Director	1.00	Director	$0	$75,283	$978,621
Anthony Joyce III	Chair	2.00	Officer Director	$0	$0	$0
Daniel King	Director	1.00	Director	$0	$0	$0
Stephen Larcen MD	Director	1.00	Director	$0	$0	$0
Anita Lee	Director	1.00	Director	$0	$0	$0
Christina Nadeau	Director	1.00	Director	$0	$0	$0
Mark Tramontozzi MD	Vice Chair	2.00	Officer Director	$0	$44,900	$315,815
John Santopietro MD	SVP, Physician in Chief	30.00	Officer	$0	$77,391	$1,311,058
James O'Dea	SVP, Operations	30.00	Officer	$0	$64,726	$641,134
Paul Maloney	VP, Finance	30.00	Officer	$0	$27,594	$362,130
Deborah Weidner	VP, Safety and Quality	30.00	Key Emp	$0	$41,980	$607,723
Laurie Clinton	VP, Human Resources	30.00	Key Emp	$0	$51,492	$239,230
Thomas King	VP, Clinical Operations	30.00	Key Emp	$283,143	$39,044	$322,187
Carla Schnitzlein MD	Reg Medical Director BHN	60.00	Highest	$361,271	$46,915	$408,186
Paul Weigle MD	Assoc Medical Director BHN	60.00	Highest	$328,469	$58,064	$386,533
Justin Marshall MD	Psychiatrist	60.00	Highest	$323,580	$62,960	$386,540
Sheeima Paramatmuni MD	Psychiatrist	60.00	Highest	$332,506	$61,884	$394,390
Pamela Shuman MD	Assoc Medical Director	60.00	Highest	$300,307	$37,014	$337,321

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	$55,114,060	$55,646,890	$17,080,779	$-532,830
2023	$49,390,181	$53,879,613	$17,750,990	$-4,489,432
2022	$55,486,925	$54,724,174	$18,964,165	$762,751
2021	$49,290,258	$53,309,557	$22,289,350	$-4,019,299
2020	$46,468,531	$55,022,343	$22,707,935	$-8,553,812
2019	$51,854,335	$53,724,401	$24,330,707	$-1,870,066
2018	$52,836,588	$52,984,398	$27,593,035	$-147,810

Natchaug Hospital Inc