BRIDGEPORT HOSPITAL FOUNDATION INC

EIN: 222908698 501(c)(3) Health Care

BRIDGEPORT, CT

Total Revenue
$9,676,734
Total Expenses
$5,627,753
Total Assets
$138,887,084
Net Assets
$137,830,145
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CT
Principal Officer
GAIL KOSYLA
Phone
2036882603
Tax Period
2023-10-01 to 2024-09-30

BRIDGEPORT HOSPITAL FOUNDATION INC, founded in 1988, is a community nonprofit in the Health Care sector that reported $9.7M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.0M, a strong 42% operating margin.

Mission

TO SUPPORT BRIDGEPORT HOSPITAL BY, IN LARGE PART, FUNDRAISING, AND FURTHER, TO FUND AND PROMOTE ACTIVITIES OF THE YALE NEW HAVEN HEALTH SYSTEM, THE INTEGRATED HEALTH CARE DELIVERY SYSTEM OF WHICH IT IS A PART.

Program Service Accomplishments

Program 1
Expenses: $5,533,571 Revenue: $0

THE BRIDGEPORT HOSPITAL FOUNDATION RECEIVED MORE THAN $6.3 MILLION IN PHILANTHROPIC GIFTS IN FY 2024. HIGHLIGHTS INCLUDED: THE NORMA PFRIEM BREAST CENTER'S "PINK PLEDGE" INITIATIVE CONTINUED TO RAISE...

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THE BRIDGEPORT HOSPITAL FOUNDATION RECEIVED MORE THAN $6.3 MILLION IN PHILANTHROPIC GIFTS IN FY 2024. HIGHLIGHTS INCLUDED: THE NORMA PFRIEM BREAST CENTER'S "PINK PLEDGE" INITIATIVE CONTINUED TO RAISE FUNDS AND AWARENESS FOR BREAST CANCER IN BRIDGEPORT, STRATFORD, TRUMBULL, AND MILFORD. DONORS CONTRIBUTED MORE THAN $259,000 INCLUDING MANY LOCAL BUSINESSES THAT GAVE A PORTION OF THEIR MONTHLY SALES TO THIS GREAT CAUSE. THE KAULBACH MEMORIAL GOLF CLASSIC RETURNED IN SEPTEMBER TO CELEBRATE ITS 41ST ANNIVERSARY. MORE THAN 100 GOLFERS AND SPONSORS CONTRIBUTED MORE THAN $157,000 TO SUPPORT ONCOLOGY NURSE NAVIGATORS AND SOCIAL WORKERS, AS WELL AS AN ONCOLOGY CHAPLAINCY PROGRAM. BRIDGEPORT HOSPITAL'S MILFORD CAMPUS HOSTED A 5K WALK/RUN ON MOTHER'S DAY, ATTRACTING MORE THAN 500 PARTICIPANTS AND RAISING MORE THAN $31,000 TO SUPPORT THE CARE OF ORTHOPEDIC PATIENTS AT MILFORD CAMPUS.THE FOUNDATION EXCEEDED ITS PHASE 1 GOAL FOR "BRINGING TECHNOLOGY TO LIFE," A CAPITAL CAMPAIGN TO HELP BRING LIFESAVING EQUIPMENT AND IMPROVED CLINICAL OUTCOMES FOR STROKE AND CARDIAC PATIENTS. THE FOUNDATION IS SUPPORTING THE HOSPITAL'S $40 MILLION INVESTMENT WITH A $8 MILLION FUNDRAISING EFFORT. DONATIONS FOR PHASE 1 TOTALED MORE THAN $5 MILLION. THIS PHASE WAS HIGHLIGHTED BY A $2 MILLION GIFT FROM THE ELIZABETH M. PFRIEM FOUNDATION TO NAME THE NEW NEUROVASCULAR & INTERVENTIONAL RADIOLOGY CENTER AT BRIDGEPORT HOSPITAL.THE FOUNDATION HAS EARNED A PLATINUM SEAL OF TRANSPARENCY FROM CANDID (FORMERLY GUIDESTAR). CANDID GATHERS, ORGANIZES, AND DISTRIBUTES INFORMATION ABOUT MORE THAN 1.7 MILLION U.S. NONPROFITS. LAST YEAR, LESS THAN 1% OF THOSE ORGANIZATIONS ACHIEVED PLATINUM STATUS. THE FOUNDATION HAS ADVANCED BEYOND THE BRONZE, SILVER, AND GOLD AWARDS BY ADDING IN-DEPTH FINANCIAL INFORMATION AND QUANTITATIVE METRICS ABOUT OUR COMMUNITY HEALTH INITIATIVES, AS AN EXAMPLE OF HOW OUR DONORS ARE IMPACTING PATIENTS SERVED BY BRIDGEPORT 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 $3,737,325
Program Service Revenue $0
Investment Income $6,081,613
Other Revenue $-142,204
TOTAL REVENUE $9,676,734

Expense Breakdown

Grants Paid $3,525,502
Salaries & Benefits $1,019,936
Fundraising Expenses $64,750
Program Expenses $5,533,571
Other Expenses $1,082,315
TOTAL EXPENSES $5,627,753

Year-over-Year Comparison

2023 2022 Change
Revenue $9,676,734 $12,562,632 -0.2%
Expenses $5,627,753 $5,832,173 0.0%
Net Income $4,048,981 $6,730,459 -0.4%
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
11
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$607,848
Total Directors
11
$1,995,568
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE DIAMOND TRUSTEE 1.00
Director
$0 $370,143 $1,253,473
EUGENE COLUCCI FORMER OFFICER 0.00
$0 $49,578 $612,687
STEPHEN M JAKAB PRESIDENT/TRUSTEE 1.00
Officer Director
$0 $29,476 $607,848
ALEXA WHEELER TRUSTEE 1.00
Director
$0 $27,100 $134,247
EMIL MESHBERG CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
JASON MUDD VICE CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
IVY MCKINNEY SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
ANDREW BARRON TRUSTEE 1.00
Director
$0 $0 $0
ED RODRIGUEZ TRUSTEE 1.00
Director
$0 $0 $0
JOHN FALCONI TRUSTEE 1.00
Director
$0 $0 $0
ROBERT MOSKOWITZ TRUSTEE 1.00
Director
$0 $0 $0
CHRISTIAN MARSILIUS 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 $9,676,734 $5,627,753 $138,887,084 $4,048,981
2023 $12,562,632 $5,832,173 $122,194,846 $6,730,459
2022 $13,394,339 $7,585,998 $110,620,376 $5,808,341
2021 $11,172,682 $7,666,191 $126,171,501 $3,506,491
2020 $9,027,392 $7,906,320 $101,482,043 $1,121,072
2019 $8,337,890 $6,313,564 $95,699,772 $2,024,326
2018 $13,243,989 $6,208,797 $92,728,221 $7,035,192
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