YALE NEW HAVEN HEALTH SERVICES CORPORATION

EIN: 222529464 501(c)(3) Health Care

NEW HAVEN, CT

Total Revenue
$1,102,659,536
Total Expenses
$1,108,232,476
Total Assets
$3,517,963,826
Net Assets
$468,152,099
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
CT
Principal Officer
GAIL KOSYLA
Phone
2036882603
Tax Period
2023-10-01 to 2024-09-30

YALE NEW HAVEN HEALTH SERVICES CORPORATION, founded in 1983, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT ITS MEMBER HEALTHCARE ORGANIZATIONS FURTHER INNOVATION AND EXCELLENCE IN PATIENT CARE, TEACHING, AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $1,014,314,614 Revenue: $1,082,071,828

YALE NEW HAVEN HEALTH SYSTEM (YNHHS) IS A NONPROFIT HEALTH SYSTEM THAT INCLUDES FIVE ACUTE-CARE HOSPITALS (BRIDGEPORT, GREENWICH, LAWRENCE + MEMORIAL, WESTERLY AND YALE NEW HAVEN HOSPITALS), A...

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YALE NEW HAVEN HEALTH SYSTEM (YNHHS) IS A NONPROFIT HEALTH SYSTEM THAT INCLUDES FIVE ACUTE-CARE HOSPITALS (BRIDGEPORT, GREENWICH, LAWRENCE + MEMORIAL, WESTERLY AND YALE NEW HAVEN HOSPITALS), A MULTISPECIALTY MEDICAL GROUP (NORTHEAST MEDICAL GROUP) AND DOZENS OF OUTPATIENT LOCATIONS STRETCHING FROM WESTCHESTER COUNTY, NEW YORK, TO WESTERLY, RHODE ISLAND. YNHHS, WITH ITS ALIGNED PARTNER YALE SCHOOL OF MEDICINE, IS COMMITTED TO INNOVATION AND EXCELLENCE IN PATIENT CARE, TEACHING, RESEARCH AND SERVICE TO ITS COMMUNITIES. BY LEVERAGING ITS COLLECTIVE EXPERTISE TO IMPROVE PROCESSES, TO EMPOWER EMPLOYEES, AND TO ENHANCE ACCESSIBILITY, YNHHS IS ENSURING THE DELIVERY OF COMPASSIONATE, SAFE, HIGH-QUALITY CARE TO PATIENTS. ADOPTING CLINICAL DOCUMENTATION TECHNOLOGY, YALE NEW HAVEN HEALTH AND YALE MEDICINE LAUNCHED ABRIDGE, AN ARTIFICIAL INTELLIGENCE TOOL, WITHIN NORTHEAST MEDICAL GROUP, YALE MEDICINE AND YALE HEALTH. ABRIDGE CAPTURES KEY INFORMATION FROM PATIENT VISIT CONVERSATIONS AND GENERATES STRUCTURED AND ORGANIZED NOTES IN SECONDS, HELPING DOCUMENT EXAM FINDINGS, MEDICAL AND SOCIAL HISTORY, MEDICATIONS, TREATMENT PLANS AND LAB WORK IN A CLEAR, CONCISE WAY. HELPING BETTER PREPARE FIRST RESPONDERS AND EMERGENCY DEPARTMENT TEAMS, YALE NEW HAVEN HEALTH IMPLEMENTED THE TWIAGE EMS NOTIFICATION APPLICATION. WITH TWIAGE, EMERGENCY MEDICAL SERVICES FIRST RESPONDERS USE CELL PHONES TO SECURELY SEND ENCRYPTED INFORMATION ABOUT PATIENTS' CONDITIONS, INCLUDING PHOTOS, VIDEOS AND AUDIO RECORDINGS. TWIAGE ALSO EMPLOYS GPS TRACKING TO PROVIDE ED STAFF REAL-TIME UPDATES ON PATIENTS' ARRIVAL TIMES. TO ASSIST IN EARLIER IDENTIFICATION OF PATIENTS WITH DETERIORATING CONDITIONS, THE HEALTH SYSTEM LAUNCHED ECART -- A MORE PRECISE TOOL IN PREDICTING ALL-CAUSE DETERIORATION IN PATIENTS. ECART USES 97 VARIABLES, COMPARED TO A PREVIOUS TOOL'S 26, ALONG WITH ARTIFICIAL INTELLIGENCE AND OTHER FUNCTIONS, TO GENERATE A SCORE. TO ADDRESS THE TREATMENT NEEDS OF PREGNANT PEOPLE WITH SICKLE CELL DISEASE, YALE NEW HAVEN HEALTH CONDUCTED TRANSLATIONAL RESEARCH TO HELP CREATE A RISK-STRATIFICATION TOOL FOR PREGNANT PATIENTS WITH SICKLE CELL DISEASE. THIS TOOL WILL HELP PHYSICIANS DETERMINE WHICH PATIENTS ARE AT RISK OF DEVELOPING COMPLICATIONS DURING PREGNANCY, WHEN THOSE COMPLICATIONS ARE MORE LIKELY TO OCCUR AND HOW TO MANAGE THEM. YALE NEW HAVEN HEALTH ACQUIRED PHYSICIANONE URGENT CARE AND ITS LOCATIONS ACROSS CONNECTICUT AND NEW YORK. THE ACQUISITION EXPANDED THE HEALTH SYSTEM'S COMMITMENT TO INCREASING PATIENT ACCESS TO HIGH-QUALITY SERVICES, WITH THE SERVICE REBRANDED AS YALE NEW HAVEN HEALTH URGENT CARE. YALE NEW HAVEN HEALTH AND YALE MEDICINE LAUNCHED THE FIRST MOBILE RETAIL PHARMACY AND CLINIC IN THE NATION TO BRING HEALTH CARE TO PEOPLE WHERE THEY LIVE. THE PROJECT, KNOWN AS INMOTION, SERVES COMMUNITIES THROUGHOUT CONNECTICUT, WHICH IS THE FIRST IN THE COUNTRY TO LEGALIZE MOBILE RETAIL PHARMACY SERVICES. THE HEALTH SYSTEM RECEIVED NATIONAL RECOGNITION IN THE JOINT COMMISSION'S NOVEMBER JOURNAL ON QUALITY AND SAFETY FOR A PROGRAM THAT SCREENS PATIENTS FOR NON-MEDICAL ISSUES THAT DIRECTLY AFFECT HEALTH, SUCH AS FINANCIAL DIFFICULTIES, INADEQUATE HOUSING AND LACK OF RELIABLE TRANSPORTATION. THE PROGRAM ALSO CONNECTS PATIENTS WITH AVAILABLE SERVICES. CARDIOLOGY RESEARCHERS AT YALE NEW HAVEN HEALTH WERE SELECTED TO PARTICIPATE IN A MULTISITE RESEARCH STUDY CALLED PRESSURE CHECK, DESIGNED TO SCREEN FOR HYPERTENSION IN THE COMMUNITY AND CONNECT PEOPLE WITH UNCONTROLLED BLOOD PRESSURE INTO NEW CARE DELIVERY MODELS. THE STUDY PARTNERS THE HEALTH SYSTEM WITH 10 COMMUNITY PARTNERS SUCH AS CHURCHES, BARBERSHOPS, COMMUNITY CENTERS, AND OTHER ORGANIZATIONS TO SCREEN FOR HIGH BLOOD PRESSURE. WHEN IT COMES TO RELIEVING HUNGER, YALE NEW HAVEN HEALTH EMPLOYEES AND MEDICAL STAFF DONATED MORE THAN 21,950 POUNDS OF FOOD TO HUNGER-RELIEF ORGANIZATIONS DURING THE HEALTH SYSTEM'S FOURTH #GIVEHEALTHY ONLINE FOOD DRIVE. THE DONATED FOOD TRANSLATES INTO NEARLY 18,300 MEALS FOR PEOPLE IN NEED THROUGHOUT CONNECTICUT, IN WESTERLY, RI, AND PORT CHESTER, NY. PRESSURE CHECK, A NEW RESEARCH STUDY SPEARHEADED BY YALE SCHOOL OF MEDICINE AND YALE SCHOOL OF PUBLIC HEALTH UNITES CLINICIANS WITH COMMUNITY LEADERS TO HELP LOWER BLOOD PRESSURE. FUNDED BY THE PATIENT-CENTERED OUTCOMES RESEARCH INSTITUTE (PCORI), AND SUPPORTED BY YALE NEW HAVEN HEALTH, THE PROGRAM HAS SITES IN NEW HAVEN, BOSTON, NORFOLK AND HOUSTON. AS AN ACADEMIC HEALTH SYSTEM, YALE NEW HAVEN HEALTH PLAYS A PIVOTAL ROLE IN ADVANCING HEALTHCARE BY INTEGRATING EDUCATION, RESEARCH AND CLINICAL PRACTICE. THIS UNIQUE STRUCTURE NOT ONLY TRAINS THE NEXT GENERATION OF HEALTHCARE PROFESSIONALS BUT ALSO FOSTERS INNOVATIVE RESEARCH THAT LEADS TO THE DEVELOPMENT OF NEW TREATMENTS AND THERAPIES. FOR PATIENTS, THE ADVANTAGES OF AN ACADEMIC HEALTH SYSTEM ARE MANIFOLD; THEY GAIN ACCESS TO CUTTING-EDGE MEDICAL CARE, SPECIALIZED SERVICES, AND CLINICAL TRIALS THAT MAY NOT BE AVAILABLE IN TRADITIONAL HEALTHCARE SETTINGS. ADDITIONALLY, THE HEALTH SYSTEM'S FOCUS ON EVIDENCE-BASED PRACTICES ENSURES THAT PATIENTS RECEIVE THE HIGHEST STANDARD OF CARE, TAILORED TO THEIR INDIVIDUAL NEEDS, ULTIMATELY ENHANCING HEALTH OUTCOMES AND COMMUNITY WELL-BEING.

Program 2

FORM 990, PART IV, LINE 24 HSC IS THE PARENT ORGANIZATION OF THE YALE NEW HAVEN HEALTH SYSTEM REPORTS ON PART X, LINE 23 THE AMOUNT OF ALL TAX-EXEMPT BOND LIABILITIES ALLOCATED TO ITS SUBSIDIARY...

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FORM 990, PART IV, LINE 24 HSC IS THE PARENT ORGANIZATION OF THE YALE NEW HAVEN HEALTH SYSTEM REPORTS ON PART X, LINE 23 THE AMOUNT OF ALL TAX-EXEMPT BOND LIABILITIES ALLOCATED TO ITS SUBSIDIARY RELATED ORGANIZATIONS. CONSISTENT WITH THE FORM 990 AND SCHEDULE K INSTRUCTIONS THESE LIABILITIES ARE REPORTED SOLELY ON THE FORM 990 AND SCHEDULE K OF THE FOLLOWING RELATED ORGANIZATIONS: BRIDGEPORT HOSPITAL GREENWICH HOSPITAL YALE NEW HAVEN HOSPITAL

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,279,418
Program Service Revenue $1,043,930,818
Investment Income $8,163,859
Other Revenue $40,285,441
TOTAL REVENUE $1,102,659,536

Expense Breakdown

Grants Paid $1,330,643
Salaries & Benefits $596,202,254
Fundraising Expenses $0
Program Expenses $1,014,314,614
Other Expenses $510,699,579
TOTAL EXPENSES $1,108,232,476

Year-over-Year Comparison

2023 2022 Change
Revenue $1,102,659,536 $904,769,300 +0.2%
Expenses $1,108,232,476 $919,798,595 +0.2%
Net Income $-5,572,940 $-15,029,295 -0.6%
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
18
Independent Members
16
Employees
4594
Volunteers
17

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
8
$7,355,619
Total Directors
19
$4,125,956
Key Employees
11
$12,054,014
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARNA BORGSTROM FORMER OFFICER 0.00
$0 $0 $3,123,075
CHRISTOPHER O'CONNOR CEO/TRUSTEE (CURRENT YR COMP) 39.00
Officer Director
$3,038,169 $822,667 $3,860,836
CHRISTOPHER O'CONNOR CEO/TRUSTEE (VESTED DEFERRED) 39.00
Officer Director
$265,120 $0 $265,120
MELISSA TURNER SVP/CHRO (CURRENT YR COMP) 39.00
Key Emp
$899,354 $340,449 $1,239,803
MELISSA TURNER SVP/CHRO (VESTED DEFERRED) 39.00
Key Emp
$1,597,974 $0 $1,597,974
VINCENT TAMMARO FORMER OFFICER 0.00
$2,486,567 $0 $2,486,567
PATRICK MCCABE FORMER OFFICER 0.00
$2,581,960 $0 $2,581,960
KEITH CHURCHWELL FORMER KEY EMPLOYEE (CURRENT YR COMP) 0.00
$1,332,043 $316,857 $1,648,900
KEITH CHURCHWELL FORMER KEY EMPLOYEE (VESTED DEFERRED) 0.00
$1,075,650 $0 $1,075,650
THOMAS BALCEZAK EVP & CCO (CURRENT YR COMP) 36.00
Key Emp
$1,637,005 $534,358 $2,171,363
THOMAS BALCEZAK EVP & CCO (VESTED DEFERRED) 36.00
Key Emp
$167,594 $0 $167,594
PAMELA SUTTON-WALLACE EVP, COO & PRES (EFF 2/24) 37.00
Key Emp
$1,672,126 $582,147 $2,254,273
JOHN SKELLY FORMER OFFICER (CURRENT YR COMP) 0.00
$530,897 $113,163 $644,060
JOHN SKELLY FORMER OFFICER (VESTED DEFERRED) 0.00
$1,167,986 $0 $1,167,986
VINCENT PETRINI FORMER OFFICER 0.00
$1,032,685 $1,906 $1,034,591
WILLIAM ASELTYNE ASSOC SEC (CURRENT YR COMP) 34.00
Officer
$1,257,485 $193,425 $1,450,910
WILLIAM ASELTYNE ASSOC SEC (VESTED DEFERRED) 34.00
Officer
$235,138 $0 $235,138
GAIL KOSYLA EVP/CFO/TREASURER 33.00
Officer
$1,135,647 $407,968 $1,543,615
LISA STUMP SVP/CIO (CURRENT YR COMP) 40.00
Key Emp
$988,478 $360,082 $1,348,560
LISA STUMP SVP/CIO (VESTED DEFERRED) 40.00
Key Emp
$132,560 $0 $132,560
THOMAS NEWMAN SVP (CURRENT YR COMP) 39.00
Key Emp
$935,660 $278,849 $1,214,509
THOMAS NEWMAN SVP (VESTED DEFERRED) 39.00
Key Emp
$98,473 $0 $98,473
MATTHEW COMERFORD SVP/CSO 40.00
Highest
$921,868 $277,990 $1,199,858
PATRICK GREEN FORMER OFFICER (CURRENT YR COMP) 0.00
$616,803 $219,082 $835,885
PATRICK GREEN FORMER OFFICER (VESTED DEFERRED) 0.00
$157,810 $0 $157,810
ELIZABETH BECKMAN FORMER OFFICER 0.00
$769,727 $0 $769,727
LORRAINE LEE SVP 40.00
Key Emp
$738,118 $216,586 $954,704
MICHEAL IVY VP 40.00
Highest
$805,310 $145,486 $950,796
DEREMIUS WILLIAMS SVP 40.00
Highest
$695,920 $227,941 $923,861
CAROLYN SALSGIVER FORMER OFFICER 0.00
$729,833 $24,610 $754,443
MICHAEL ANGELINI SVP, TREASURER, CIO 39.00
Key Emp
$645,720 $228,481 $874,201
JOSEPH BISSON SVP 40.00
Highest
$630,842 $204,637 $835,479
KEITH TANDLER VP FINANCE 39.00
Highest
$650,779 $126,106 $776,885
DENISE FIORE FORMER OFFICER 0.00
$547,749 $0 $547,749
IAN SCHWARTZ FORMER OFFICER 0.00
$323,250 $0 $323,250
KEVIN MYATT FORMER OFFICER 0.00
$310,000 $0 $310,000
EUGENE COLUCCI FORMER OFFICER 0.00
$563,109 $49,578 $612,687
STEPHEN ALLEGRETTO FORMER OFFICER 0.00
$211,813 $0 $211,813
MICHEAL DIMENSTEIN FORMER OFFICER 0.00
$144,440 $0 $144,440
JAMES MORRIS FORMER OFFICER 0.00
$111,250 $0 $111,250
VINCENT CALARCO CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
MARY FARRELL VICE CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
W ROBERT BERKLEY JR TRUSTEE 1.00
Director
$0 $0 $0
JACK CALLAHAN TRUSTEE 1.00
Director
$0 $0 $0
JOCELYN CUNNINGHAM TRUSTEE 1.00
Director
$0 $0 $0
JOHN FALCONI TRUSTEE 1.00
Director
$0 $0 $0
CARLTON HIGHSMITH TRUSTEE 1.00
Director
$0 $0 $0
AARON HOLLANDER SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
THOMAS KETCHUM TRUSTEE 1.00
Director
$0 $0 $0
JOHN LAHEY TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN LEWIN MD TRUSTEE 1.00
Director
$0 $0 $0
LINDA LORIMER TRUSTEE 1.00
Director
$0 $0 $0
B MICHAEL RAUH TRUSTEE 1.00
Director
$0 $0 $0
ED RODRIGUEZ TRUSTEE 1.00
Director
$0 $0 $0
PETER SALOVEY TRUSTEE 1.00
Director
$0 $0 $0
SCOTT STROBEL TRUSTEE 1.00
Director
$0 $0 $0
JAMES TORGERSON TRUSTEE 1.00
Director
$0 $0 $0
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 $1,102,659,536 $1,108,232,476 $3,517,963,826 $-5,572,940
2023 $904,769,300 $919,798,595 $2,816,591,144 $-15,029,295
2022 $921,332,963 $906,336,457 $2,444,977,032 $14,996,506
2021 $836,585,241 $845,193,191 $2,533,997,745 $-8,607,950
2020 $742,330,142 $743,688,755 $2,616,043,894 $-1,358,613
2019 $657,935,734 $657,690,210 $1,716,739,812 $245,524
2018 $625,351,301 $634,909,150 $1,594,370,881 $-9,557,849
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