COMMUNITY HEALTH NETWORK OF CONNECTICUT INC

EIN: 061429341 Health Care

WALLINGFORD, CT

Total Revenue
$84,061,257
Total Expenses
$84,264,945
Total Assets
$56,631,385
Net Assets
$38,846,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CT
Principal Officer
IBRAHIM BENITEZ
Phone
2039494000
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $-2,703

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...

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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.

Program 2
Expenses: $81,140,760 Revenue: $83,443,399

CONNECTICUT MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM: THROUGH ITS MEDICAID MEDICAL ADMINISTRATIVE SERVICES PROGRAM, CHNCT PROVIDES MEDICAL ADMINISTRATIVE SERVICES TO OVER 940,000 UNDERSERVED...

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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.

Program 3
Expenses: $1,176,000

ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM: THROUGH ITS ENVIRONMENTAL SUPPORT CHARITABLE GRANT PROGRAM, CHNCT MAKES UNRESTRICTED CHARITABLE GRANTS TO CHNCT'S SEVEN FOUNDING FEDERALLY QUALIFIED...

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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.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $83,443,399
Investment Income $617,858
Other Revenue $0
TOTAL REVENUE $84,061,257

Expense Breakdown

Grants Paid $1,176,000
Salaries & Benefits $56,532,487
Fundraising Expenses $0
Program Expenses $82,314,057
Other Expenses $26,556,458
TOTAL EXPENSES $84,264,945

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
491
Volunteers
3

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
4
$1,205,944
Total Directors
6
$700,324
Key Employees
9
$3,175,492
Highest Compensated
5
reported
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
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 $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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