COMMUNITY HEALTH NETWORK OF CONNECTICUT INC (EIN 061429341) - 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

1995

Legal Domicile

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.

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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 $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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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

491

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

$1,205,944

Total Directors

$700,324

Key Employees

$3,175,492

Highest Compensated

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

COMMUNITY HEALTH NETWORK OF CONNECTICUT INC