Western Connecticut Health Network… - Form 990 Financial Data

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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

1985

Legal Domicile

Phone

2037394593

Tax Period

2023-10-01 to 2024-09-30

Western Connecticut Health Network Inc, founded in 1985, is a mid-sized nonprofit that reported $21.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $416.6M represent 235 months of operating reserves.

Mission

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

Program Service Accomplishments

Program 1

Expenses: $17,397,005 Revenue: $20,195,951

WESTERN CONNECTICUT HEALTH NETWORK, INC. (WCHN), IN CONJUNCTION WITH ITS PARENT ORGANIZATION NUVANCE HEALTH, PROVIDES EXECUTIVE AND ADMINISTRATIVE DIRECTION, GIVES SUPPORT, SETS STANDARDS FOR ITS...

WESTERN CONNECTICUT HEALTH NETWORK, INC. (WCHN), IN CONJUNCTION WITH ITS PARENT ORGANIZATION NUVANCE HEALTH, PROVIDES EXECUTIVE AND ADMINISTRATIVE DIRECTION, GIVES SUPPORT, SETS STANDARDS FOR ITS AFFILIATES AND SUBSIDIARIES, ENSURES FINANCIAL SOUNDNESS, AND ESTABLISHES NEW PROGRAMS AND SERVICES CONSISTENT WITH THEIR MISSION. ALL TAX-EXEMPT AFFILIATES SERVE INDIVIDUALS OF ALL INCOME LEVELS AND FOLLOW THE FINANCIAL ASSISTANCE POLICY ESTABLISHED BY WCHN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,018,966

Program Service Revenue $20,174,136

Investment Income $180

Other Revenue $126,925

TOTAL REVENUE $21,320,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,222,707

Fundraising Expenses $0

Program Expenses $17,397,005

Other Expenses $4,134,801

TOTAL EXPENSES $21,357,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,320,207	$16,004,733	+0.3%
Expenses	$21,357,508	$15,882,582	+0.3%
Net Income	$-37,301	$122,151	-1.3%

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

233

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

$6,364,658

Total Directors

$3,956,016

Key Employees

$5,433,423

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE ROBY	CHAIR	3.0	Officer Director	$0	$0	$0
JOHN M MURPHY MD	PRESIDENT/CEO	3.0	Officer Director	$0	$53,709	$3,956,016
STEVEN V LANT	VICE CHAIR	3.0	Officer Director	$0	$0	$0
DANIEL MCCARTHY	DIRECTOR	2.0	Director	$0	$0	$0
DONALD JONES	DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH BRADLEY PHD	DIRECTOR	2.0	Director	$0	$0	$0
ERVIN R SHAMES	DIRECTOR	2.0	Director	$0	$0	$0
FRANCOISE DUNEFSKY	DIRECTOR (FROM 07/26)	2.0	Director	$0	$0	$0
GREGORY W RAKOW	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH DIVESTEA	DIRECTOR	2.0	Director	$0	$0	$0
MARK GUDIS	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL J NESHEIWAT MD	DIRECTOR	2.0	Director	$0	$0	$0
RICHARD G JABARA	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT R DYSON	DIRECTOR	2.0	Director	$0	$0	$0
S JAVID SHAHID MD	DIRECTOR	2.0	Director	$0	$0	$0
SALVATORE CALTA JR	DIRECTOR	2.0	Director	$0	$0	$0
THOMAS DUBIN	DIRECTOR (FROM 7/26)	2.0	Director	$0	$0	$0
TIMOTHY DEAN	DIRECTOR (FROM 7/26)	2.0	Director	$0	$0	$0
BRIAN WYATT	SECRETARY & CHIEF LEGAL OFFICER	2.0	Officer	$0	$124,638	$758,850
DANIEL DEBARBA	CHIEF FINANCIAL OFFICER; TREASURER	2.0	Officer	$0	$175,627	$1,649,792
GEOFFRY G HOOK	CHIEF INFORMATION OFFICER	0.0	Key Emp	$0	$99,142	$738,523
GRACE LINHARD	CHIEF DEVELOPMENT OFFICER	34.0	Key Emp	$615,954	$76,482	$692,436
JEAN AHN	CHIEF STRATEGY OFFICER	5.0	Key Emp	$0	$98,768	$1,079,899
KATHRYN D CULLINAN	CHIEF HUMAN RESOURCES OFFICER	5.0	Key Emp	$0	$111,060	$827,453
MICHELLE ROBERTSON	CHIEF OPERATING OFFICER	5.0	Key Emp	$0	$187,713	$1,525,961
WAYNE MCNULTY	CHIEF COMPLIANCE OFFICER	5.0	Key Emp	$0	$33,749	$569,151
AIMEE DERRY	VP NEUROSCIENCES	6.0	Highest	$51,640	$20,456	$374,651
CELIA M REGAN	SENIOR DIRECTOR DONOR ENGAGEMENT	40.0	Highest	$243,529	$35,760	$279,289
JEFFERY L MCDANIEL	VP DEVELOPMENT	40.0	Highest	$436,314	$65,428	$501,742
JOHN J STRAWBRIDGE	DIRECTOR DEVELOPMENT	40.0	Highest	$196,884	$30,918	$227,802
LAURA D ELDRIDGE	SENIOR DIRECTOR MAJOR AND PLANNED GIFTS	40.0	Highest	$240,263	$30,433	$270,696

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	$21,320,207	$21,357,508	$703,278,528	$-37,301
2023	$16,004,733	$15,882,582	$734,543,608	$122,151
2022	$11,626,396	$11,482,817	$671,804,286	$143,579
2021	$32,480,212	$35,210,065	$607,496,068	$-2,729,853
2020	$135,499,464	$138,334,601	$442,946,469	$-2,835,137

Western Connecticut Health Network Inc