YALE NEW HAVEN MEDICAL CENTER INC

EIN: 237440891 501(c)(3) Health Care

NEW HAVEN, CT

Total Revenue
$3,833,440
Total Expenses
$2,192,753
Total Assets
$12,684,882
Net Assets
$7,523,699
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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
1975
Legal Domicile
CT
Principal Officer
JOSEPH CARUSO
Phone
2036882069
Tax Period
2023-10-01 to 2024-09-30

YALE NEW HAVEN MEDICAL CENTER INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 43% operating margin.

Mission

YALE NEW HAVEN MEDICAL CENTER, INC. WAS ESTABLISHED TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND UPHOLD, PROMOTE, AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF YALE NEW HAVEN HOSPITAL AND YALE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $2,143,842 Revenue: $3,724,006

THE FILING ORGANIZATION MANAGES REAL ESTATE PROPERTIES FOR THE BENEFIT OF YALE NEW HAVEN HOSPITAL, INC. AND YALE UNIVERSITY - SCHOOL OF MEDICINE.

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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 $0
Program Service Revenue $3,724,006
Investment Income $109,434
Other Revenue $0
TOTAL REVENUE $3,833,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,322
Fundraising Expenses $0
Program Expenses $2,143,842
Other Expenses $1,989,431
TOTAL EXPENSES $2,192,753

Year-over-Year Comparison

2023 2022 Change
Revenue $3,833,440 $2,277,999 +0.7%
Expenses $2,192,753 $693,899 +2.2%
Net Income $1,640,687 $1,584,100 +0.0%
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
4
Independent Members
N/A
Employees
N/A
Volunteers
4

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
$1,609,561
Total Directors
4
$1,609,561
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH SCHLOSSER PRESIDENT & DIRECTOR 1.00
Officer Director
$0 $44,541 $203,407
KEITH TANDLER TREASURER & DIRECTOR 1.00
Officer Director
$0 $126,106 $776,885
JESSICA CAPONIGRO SECRETARY & DIRECTOR 1.00
Officer Director
$0 $56,911 $256,880
JOSEPH CARUSO CHAIRMAN & DIRECTOR 1.00
Officer Director
$0 $54,391 $372,389
STEPHEN CARBERY FORMER CHAIRMAN & DIRECTOR 0.00
$0 $74,640 $435,419
FREDERICK BORRELLI FORMER OFFICER & DIRECTOR 0.00
$0 $51,757 $367,102
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 $3,833,440 $2,192,753 $12,684,882 $1,640,687
2023 $2,277,999 $693,899 $11,755,419 $1,584,100
2022 $2,192,901 $1,401,873 $9,113,830 $791,028
2021 $2,282,288 $1,872,351 $7,911,835 $409,937
2020 $2,302,799 $1,961,607 $6,372,735 $341,192
2019 $2,282,580 $1,658,510 $4,886,645 $624,070
2018 $1,117,184 $1,238,974 $3,778,932 $-121,790
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