TRINITY HEALTH OF NEW ENGLAND PROV… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DEBORAH BITSOLI

Phone

8607144000

Tax Period

2023-10-01 to 2024-09-30

TRINITY HEALTH OF NEW ENGLAND PROVIDER NETWORK ORGANIZATION INC, founded in 1996, is a major nonprofit that reported $290.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $346.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

WE, TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. TRINITY HEALTH OF NEW ENGLAND PROVIDER NETWORK ORGANIZATION IS A MEMBER OF TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $334,512,578 Revenue: $290,079,750

TRINITY HEALTH OF NEW ENGLAND PROVIDER NETWORK ORGANIZATION EMPLOYS PHYSICIANS AND PHYSICIAN ASSISTANTS WHO PROVIDE MEDICAL SERVICES IN THE GREATER HARTFORD CONNECTICUT COMMUNITY. THE ORGANIZATION...

TRINITY HEALTH OF NEW ENGLAND PROVIDER NETWORK ORGANIZATION EMPLOYS PHYSICIANS AND PHYSICIAN ASSISTANTS WHO PROVIDE MEDICAL SERVICES IN THE GREATER HARTFORD CONNECTICUT COMMUNITY. THE ORGANIZATION ALSO CONDUCTS TEACHING AND EDUCATION PROGRAMS FOR MEDICAL STUDENTS AND RESIDENTS IN SUPPORT OF THE TRINITY HEALTH OF NEW ENGLAND HEALTH SYSTEM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $242,431,199

Investment Income $63,829

Other Revenue $47,638,941

TOTAL REVENUE $290,133,969

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $277,715,478

Fundraising Expenses $0

Program Expenses $334,512,578

Other Expenses $68,762,204

TOTAL EXPENSES $346,479,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$290,133,969	$266,428,410	+0.1%
Expenses	$346,479,182	$321,717,659	+0.1%
Net Income	$-56,345,213	$-55,289,249	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,424,145

Total Directors

$8,825,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BITSOLI	DIR;TH OF NE MEDICAL GROUP PRESIDENT	49.00	Officer Director	$0	$133,802	$873,882
MARK ALBINI MD	DIRECTOR; CHAIR; PHYSICIAN	50.00	Officer Director	$0	$27,360	$780,311
CARLOS ALMEIDA MD	DIRECTOR; PHYSICIAN	50.00	Director	$0	$33,760	$430,837
ROBERT ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
VIRIATO FIALLO MD	DIRECTOR; PHYSICIAN	1.00	Director	$0	$44,761	$854,421
WILLIAM GIONFRIDDO MD	DIRECTOR AS OF 1/24; PHYSICIAN	50.00	Director	$0	$48,551	$580,246
KARTHIK GUNACHELVAN MD	DIRECTOR; PHYSICIAN	1.00	Director	$0	$23,265	$455,916
SYED HUSSAIN MD	DIR;TH OF NE CHIEF CLINICAL&CHWB EXE	1.00	Director	$0	$137,353	$1,072,442
MARK KENTON DO	DIR; MEDICAL DIR/CHAIR EMERGENCY MED	1.00	Director	$0	$43,729	$496,933
SHADY MACARON MD	DIRECTOR; MEDICAL DIRECTOR - SURGERY	50.00	Director	$0	$45,657	$1,975,412
IRINA MAGIDINA MD	DIRECTOR; PHYSICIAN	50.00	Director	$0	$59,924	$545,825
MARY MARLOWE	DIRCTOR; LEAD NURSE PRACTITIONER	40.00	Director	$0	$23,898	$202,639
STEPHANIE MONTGOMERY-IDEMA MD	DIRECTOR; PHYSICIAN	50.00	Director	$0	$55,798	$556,669
ROBERT ANTHONY	SECRETARY; VP MANAGING COUNSEL	1.00	Officer	$0	$124,357	$769,952
SEAN FITZPATRICKPD BY MGMT CO	INTERIM REGIONAL CFO	1.00	Officer	$0	$0	$0
JAVED KHADER ELIYAS MD	NEUROSURGEON	50.00	Highest	$0	$33,167	$1,170,991
ROBERT GALLAGHER MD	CARDIOTHORACIC SURGEON	50.00	Highest	$0	$36,897	$1,457,085
Y PAUL MOY MD	UROLOGIST	50.00	Highest	$0	$18,289	$1,450,163
SAMUEL BUONOCORE MD	PLASTIC SURGEON	50.00	Highest	$0	$53,871	$1,338,771
ANTHONY KIM MD	UROLOGIST	50.00	Highest	$0	$56,471	$1,165,006
JAMES HARRIS	FORMER OFFICER; TH OF NE DIR REIM	0.00		$0	$46,392	$277,482
JOHN TESTA JR MD	FORMER OFFICER; PHYSICIAN	50.00		$0	$56,785	$1,047,790
DAVID BITTNER	FORMER OFFICER	0.00		$0	$571,302	$1,263,682
KRISTEN MURPHY	FORMER OFFICER; MGR FIN PLANNING	0.00		$0	$41,360	$164,170
AIMEE STOW	FORMER OFFICER; SFHMC ASSOCIATE CNSL	0.00		$0	$17,396	$273,378
HOWARD GAINES	FORMER OFICER; REG DIR FIN PLANNING	0.00		$0	$27,872	$257,940

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	$290,133,969	$346,479,182	$34,726,203	$-56,345,213
2023	$266,428,410	$321,717,659	$29,640,906	$-55,289,249
2022	$224,689,583	$268,123,059	$106,554,780	$-43,433,476
2021	$134,472,081	$162,216,277	$70,146,578	$-27,744,196
2020	$115,985,291	$148,176,970	$181,130,542	$-32,191,679
2019	$121,488,618	$147,996,040	$71,600,617	$-26,507,422
2018	$113,593,342	$141,961,255	$22,727,457	$-28,367,913

TRINITY HEALTH OF NEW ENGLAND PROVIDER NETWORK ORGANIZATION INC