WALLINGFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY HEALTH NETWORK OF CONNECTICUT INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $84.1M in total revenue in fiscal year 2024.
THE ORGANIZATION IMPROVES THE HEALTH OF THE RESIDENTS OF CONNECTICUT AND PROMOTES THE AVAILABILITY OF HIGH-QUALITY, COMPREHENSIVE, COST-EFFECTIVE HEALTH CARE SERVICES TO A CHARITABLE POPULATION OF OVER 940,000 CONNECTICUT RESIDENTS.
IN 2024, CHNCT CONTINUED TO RECEIVE FUNDS DIRECTLY RELATED TO THIRD PARTY LIABILITY CLAIMS OVERPAYMENT RECOVERY AUDIT WORK CONDUCTED BY FIRST RECOVERY (FR). SINCE CHNCT ENTERED INTO THE AGREEMENT...
IN 2024, CHNCT CONTINUED TO RECEIVE FUNDS DIRECTLY RELATED TO THIRD PARTY LIABILITY CLAIMS OVERPAYMENT RECOVERY AUDIT WORK CONDUCTED BY FIRST RECOVERY (FR). SINCE CHNCT ENTERED INTO THE AGREEMENT WITH CT DSS AS THE MEDICAID PROGRAM'S MEDICAL ADMINISTRATIVE SERVICES ORGANIZATION EFFECTIVE JANUARY 1, 2012, CHNCT IS NO LONGER AT RISK FOR MEDICAID CLAIMS PAYMENTS AND AUDIT RECOVERY RESULTS HAVE DECREASED CONSIDERABLY. HOWEVER, FR CONTINUES TO CONDUCT RECOVERY AUDIT WORK SOLELY ON CLAIMS PAID THAT HAD A MEDICAL SERVICE PROVIDED PRIOR TO 2012.
CONNECTICUT MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM: THROUGH ITS MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM, CHNCT PROVIDES MEDICAL ADMINISTRATIVE SERVICES TO OVER 940,000 UNDERSERVED...
CONNECTICUT MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM: THROUGH ITS MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM, CHNCT PROVIDES MEDICAL ADMINISTRATIVE SERVICES TO OVER 940,000 UNDERSERVED AND VULNERABLE MEMBERS OF CONNECTICUT'S MEDICAID POPULATION WHO PARTICIPATE IN THE CONNECTICUT DEPARTMENT OF SOCIAL SERVICES' HUSKY HEALTH PROGRAM. THIS PROGRAM PROMOTES AND IMPROVES THE HEALTH OF MEMBERS OF CONNECTICUT'S MOST VULNERABLE AND UNDERSERVED POPULATIONS. THROUGH THIS PROGRAM, CHNCT PROVIDES A COMPREHENSIVE ARRAY OF SERVICES IN MANAGING CHRONIC CONDITIONS, PROMOTING WELL CARE/PREVENTION, PROVIDING DIRECT SUPPORT TO INDIVIDUALS AND FAMILIES AND PROVIDERS, AND INTEGRATING AND ANALYZING DATA FROM MULTIPLE SOURCES.KEY OBJECTIVES OF THIS PROGRAM INCLUDE:IMPROVING QUALITY OF CARE AND HEALTH CARE OUTCOME FOR INDIVIDUALS SERVED BY CONNECTICUT'S MEDICAID PROGRAM WHILE DRIVING DOWN THE COST OF CARE THROUGH BETTER MANAGEMENT OF SERVICE UTILIZATION;PROVIDING UNINTERRUPTED AND SEAMLESS SERVICES TO MEMBERS OF CONNECTICUT'S MEDICAID POPULATION AND THE NETWORK OF HEALTH CARE PROVIDERS WHO SERVE SUCH POPULATION; ANDDERIVING INTELLIGENCE FROM OUR COMPREHENSIVE REPOSITORY OF CLAIMS AND CLINICAL INFORMATION TO OPTIMALLY MANAGE MEDICAL EXPENSES AND UTILIZATION.CHNCT IS DEDICATED TO SERVING MEMBERS OF THIS VULNERABLE AND UNDERSERVED POPULATION WITH THEIR DESIRE TO IMPROVE HEALTH OUTCOMES, DEVELOP MEDICAL SELF-MANAGEMENT SKILLS AND IMPROVE MEDICATION MANAGEMENT.
ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM: THROUGH ITS ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM, CHNCT MAKES UNRESTRICTED CHARITABLE GRANTS TO CHNCT'S SEVEN FOUNDING FEDERALLY QUALIFIED...
ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM: THROUGH ITS ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM, CHNCT MAKES UNRESTRICTED CHARITABLE GRANTS TO CHNCT'S SEVEN FOUNDING FEDERALLY QUALIFIED HEALTH CENTERS ("FQHCS") LOCATED IN THE STATE OF CONNECTICUT. EACH GRANT RECIPIENT FQHC IS A PUBLICLY SUPPORTED TAX-EXEMPT CHARITABLE ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). DURING CALENDAR YEAR 2024 CHNCT MADE SEVEN GRANTS TOTALING $1,176,000 TO SEVEN DIFFERENT 501(C)(3) FEDERALLY QUALIFIED HEALTH CENTERS IN CONNECTICUT. THE OBJECTIVE OF THESE GRANTS IS TO PROVIDE FUNDING TO THESE HEALTH CENTERS TO ENABLE THEM TO BETTER SERVE THE HEALTH CARE NEEDS OF THEIR RESPECTIVE COMMUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $84,061,257 | $82,616,501 | +0.0% |
| Expenses | $84,264,945 | $82,367,903 | +0.0% |
| Net Income | $-203,688 | $248,598 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CARL A MIKOLOWSKY MD | TREASURER/SECRETARY/BM | 0.50 |
Officer
Director
|
$2,127 | $0 | $2,127 |
| JOHN H SENECHAL MD | BOARD MEMBER | 0.50 |
Director
|
$1,702 | $0 | $1,702 |
| RONALD COURSEY II | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| SUZANNE LAGARDE | CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SYLVIA B KELLY | PRESIDENT, CEO & VICE CHAIR | 40.00 |
Officer
Director
|
$679,919 | $16,576 | $696,495 |
| TARSHA CALLOWAY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| IBRAHIM BENITEZ | SR. VP AND CFO | 40.00 |
Officer
|
$445,252 | $62,070 | $507,322 |
| AIDINHA BLANEY | VP OF FINANCE | 40.00 |
Key Emp
|
$256,595 | $65,484 | $322,079 |
| CAROLYN GRANDELL | VP, CARE MANAGEMENT | 40.00 |
Key Emp
|
$253,199 | $9,919 | $263,118 |
| CORY LUDINGTON | SR VP ADMIN/CHIEF COMPLIANCE OFFICER | 40.00 |
Key Emp
|
$372,314 | $30,623 | $402,937 |
| KRISTINE LISI | VP OF CLINICAL AFFAIRS | 40.00 |
Key Emp
|
$345,658 | $12,912 | $358,570 |
| LAWRENCE MAGRAS | SR. VP FOR POP HEALTH & CMO | 40.00 |
Key Emp
|
$508,752 | $58,477 | $567,229 |
| MARYANN KEAVENEY | VP OF HR & CHRO | 40.00 |
Key Emp
|
$273,847 | $30,036 | $303,883 |
| RAY CONNELLY | VP & CHIEF INFORMATION TECHNOLOGY OFFICER | 40.00 |
Key Emp
|
$289,878 | $50,970 | $340,848 |
| STEVEN BARTOLOTTA | VP AND CISO | 40.00 |
Key Emp
|
$282,600 | $54,620 | $337,220 |
| TRACEY SAUCIER | VP, OPERATIONS | 40.00 |
Key Emp
|
$251,228 | $28,380 | $279,608 |
| GREGORY BARBIERO | VP OF POP HLTH MGMT | 40.00 |
Highest
|
$280,855 | $9,623 | $290,478 |
| PATRICK KELLY | DIRECTOR OF TECHNOLOGY | 40.00 |
Highest
|
$197,703 | $8,986 | $206,689 |
| SHARON KUHN | MEDICAL REVIEWER | 40.00 |
Highest
|
$242,845 | $9,790 | $252,635 |
| TRACEY PARSONS | DIRECTOR OF UTILIZATION MGMT | 40.00 |
Highest
|
$193,038 | $46,756 | $239,794 |
| TRESSA SPEARS-JACKSON | VP, COMM. AFFAIRS AND CORP COMM | 40.00 |
Highest
|
$254,984 | $30,311 | $285,295 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $84,061,257 | $84,264,945 | $56,631,385 | $-203,688 |
| 2023 | $82,616,501 | $82,367,903 | $53,128,785 | $248,598 |
| 2022 | $75,492,163 | $74,809,455 | $44,684,513 | $682,708 |
| 2021 | $74,626,520 | $73,359,807 | $47,159,954 | $1,266,713 |
| 2020 | $74,351,822 | $75,173,126 | $47,059,791 | $-821,304 |
| 2019 | $74,419,224 | $74,095,552 | $53,116,672 | $323,672 |
| 2018 | $75,143,880 | $74,431,060 | $45,145,118 | $712,820 |
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