Danbury Hospital & New Milford Hospital Foundation Inc

EIN: 237425557 501(c)(3) Health Care

Danbury, CT

Total Revenue
$25,065,324
Total Expenses
$15,633,730
Total Assets
$190,361,465
Net Assets
$187,162,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CT
Phone
2037397227
Tax Period
2023-10-01 to 2024-09-30

Danbury Hospital & New Milford Hospital Foundation Inc, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $25.1M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 38% operating margin.

Mission

TO RAISE FUNDS, REINVEST AND ADMINISTER THESE FUNDS AND MAKE DISTRIBUTIONS TO DANBURY AND NEW MILFORD HOSPITALS AND OTHER NOT-FOR-PROFIT HEALTH CARE AFFILIATES.

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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 $16,468,308
Program Service Revenue $5,378,890
Investment Income $3,025,956
Other Revenue $192,170
TOTAL REVENUE $25,065,324

Expense Breakdown

Grants Paid $8,138,990
Salaries & Benefits $6,075,451
Fundraising Expenses $4,995,344
Program Expenses $8,138,990
Other Expenses $1,419,289
TOTAL EXPENSES $15,633,730

Year-over-Year Comparison

2023 2022 Change
Revenue $25,065,324 $14,046,841 +0.8%
Expenses $15,633,730 $15,338,542 +0.0%
Net Income $9,431,594 $-1,291,701 -8.3%
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

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Governance

Voting Members
14
Independent Members
11
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
$4,184,668
Total Directors
19
$2,039,698
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA WEINSHANK ESQ VICE CHAIR (TO 12/31); DIRECTOR (FROM 01/01) 1.0
Officer Director
$0 $0 $0
LISA A ESNEAULT CHAIR (TO 12/31); VICE CHAIR (FROM 01/01) 1.0
Officer Director
$0 $0 $0
MARY ALICE GARRETT CHAIR (FROM 01/01) 1.0
Officer Director
$0 $0 $0
SHARON ADAMS DIRECTOR (FROM 01/01); DANBURY HOSPITAL PRESIDENT 0.5
Officer Director
$0 $22,810 $1,083,590
DAHLIA PLUMMER MD DIRECTOR (FROM 01/01) 0.5
Director
$0 $46,094 $702,828
G BLANE WITHERS DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
JAMES MOSKOWITZ DIRECTOR (FROM 01/01) 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
KIM MORGAN DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
KRISTIN MCKINNEY DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
MARIA GARCIA DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
MATTHEW HAWLEY DIRECTOR (TO 12/31) 0.5
Director
$0 $0 $0
MEENA THEVER DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
MICHELLE JAMES DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
ROBERT HACKNEY DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
ROBERT PARKER DIRECTOR (FROM 01/01) 0.5
Director
$0 $0 $0
ROBERT SAVINO DO DIRECTOR (FROM 01/01) 0.5
Director
$0 $30,776 $253,280
ROBIN GOODRICH EdD RN DIRECTOR (FROM 01/01) 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 $25,065,324 $15,633,730 $190,361,465 $9,431,594
2023 $14,046,841 $15,338,542 $165,513,540 $-1,291,701
2022 $25,041,467 $19,197,916 $160,086,078 $5,843,551
2021 $24,324,982 $13,310,221 $175,854,316 $11,014,761
2020 $30,746,354 $13,948,384 $153,538,164 $16,797,970
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