Norwalk Hospital Foundation

EIN: 222577707 501(c)(3) Health Care

NORWALK, CT

Total Revenue
$13,449,431
Total Expenses
$15,128,890
Total Assets
$164,227,064
Net Assets
$163,516,834
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CT
Phone
2038522216
Tax Period
2023-10-01 to 2024-09-30

Norwalk Hospital Foundation, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $13.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $15.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF NORWALK HOSPITAL FOUNDATION IS TO RAISE FUNDS, REINVEST AND ADMINISTER THESE FUNDS AND MAKE DISTRIBUTIONS TO NORWALK HOSPITAL AND OTHER NOT-FOR- PROFIT NORWALK HOSPITAL AFFILIATES.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,928,963
Program Service Revenue $0
Investment Income $2,446,308
Other Revenue $74,160
TOTAL REVENUE $13,449,431

Expense Breakdown

Grants Paid $11,504,516
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,504,516
Other Expenses $3,624,374
TOTAL EXPENSES $15,128,890

Year-over-Year Comparison

2023 2022 Change
Revenue $13,449,431 $10,979,955 +0.2%
Expenses $15,128,890 $23,503,982 -0.4%
Net Income $-1,679,459 $-12,524,027 -0.9%
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

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
N/A
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
7
$3,101,078
Total Directors
11
$556,404
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAVED SHAHID MD CHAIR (FROM 01/01) 1.0
Officer Director
$0 $0 $0
JENNIFER TOLL VICE CHAIR (FROM 01/01) 1.0
Officer Director
$0 $0 $0
JOSHUA WEINSHANK ESQ VICE CHAIR (TO 12/31) 1.0
Officer Director
$0 $0 $0
LISA A ESNEAULT CHAIR (TO 12/31) 1.0
Officer Director
$0 $0 $0
AMY AHASIC MD DIRECTOR (FROM 01/01) 0.5
Director
$0 $68,476 $556,404
CAROL KACHMARCK DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
G BLANE WITHERS DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
JAMES NAUGHTON DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
JOSHUA FRANCIS DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
KRISTIN MCKINNEY DIRECTOR 0.5
Director
$0 $0 $0
MATTHEW HAWLEY DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
BRIAN WYATT SECRETARY & CHIEF LEGAL OFFICER 0.5
Officer
$0 $124,638 $758,850
DANIEL DEBARBA CHIEF FINANCIAL OFFICER; TREASURER 0.5
Officer
$0 $175,627 $1,649,792
GRACE LINHARD CHIEF DEVELOPMENT OFFICER 8.5
Officer
$0 $76,482 $692,436
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 $13,449,431 $15,128,890 $164,227,064 $-1,679,459
2023 $10,979,955 $23,503,982 $154,963,109 $-12,524,027
2022 $26,425,122 $7,167,342 $172,902,939 $19,257,780
2021 $29,289,948 $6,463,502 $172,605,274 $22,826,446
2020 $25,342,104 $6,321,391 $144,660,617 $19,020,713
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Norwalk Hospital Foundation with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.