COMMUNITY HEALTH NETWORK OF CONNECTICUT HOLDINGS INC (EIN 455239655) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

SYLVIA B KELLY

Phone

2039494000

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HEALTH NETWORK OF CONNECTICUT HOLDINGS INC, founded in 2011, is a small nonprofit in the Health Care sector that reported $233K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $211K left a modest 10% surplus.

Mission

MOST SIGNIFICANT ACTIVITIES ARE PROVIDING SUPPORT, STRATEGIC PLANNING, AND FACILITIES FOR 501(C)(3) FEDERALLY QUALIFIED HEALTH CENTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $120,000

Investment Income $113,270

Other Revenue $0

TOTAL REVENUE $233,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,237

Fundraising Expenses $0

Program Expenses $210,723

Other Expenses $5,486

TOTAL EXPENSES $210,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,270	$1,245,247	-0.8%
Expenses	$210,723	$3,063,235	-0.9%
Net Income	$22,547	$-1,817,988	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$696,495

Total Directors

Key Employees

$184,228

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN A DALEY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL R TAYLOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MOLLIE MELBOURNE	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZANNE LAGARDE MD	CHAIR	1.00	Officer Director	$0	$0	$0
SYLVIA B KELLY MPA	PRESIDENT & CEO	1.00	Officer	$0	$16,576	$696,495
RICHARD ALBRECHT	TELEHEALTH NETWORK DIRECTOR	24.00	Key Emp	$159,957	$24,271	$184,228

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	$233,270	$210,723	$4,220,819	$22,547
2023	$1,245,247	$3,063,235	$4,143,327	$-1,817,988
2022	$763,675	$765,730	$6,038,519	$-2,055
2021	$125,846	$770,659	$6,025,480	$-644,813
2020	$630,726	$781,464	$6,670,955	$-150,738
2019	$510,071	$734,666	$6,774,677	$-224,595
2018	$711,654	$717,927	$6,752,230	$-6,273

COMMUNITY HEALTH NETWORK OF CONNECTICUT HOLDINGS INC