WALLINGFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE CORPORATION HAS NOT ADOPTED A SEPARATE MISSION STATEMENT. HOWEVER, THE CORPORATION'S CHARITABLE PURPOSE IS TO SUPPORT 501(C)(3) TAX-EXEMPT FEDERALLY QUALIFIED HEALTH CENTERS.
STRATEGIC PLANNING ACTIVITY - THE CORPORATION PERFORMS PLANNING AND COORDINATING SERVICES FOR CHNCT. THE CORPORATION'S DIRECTORS AND OFFICERS DEVELOP LONG-RANGE STRATEGIC PLANS FOR BOTH THE...
STRATEGIC PLANNING ACTIVITY - THE CORPORATION PERFORMS PLANNING AND COORDINATING SERVICES FOR CHNCT. THE CORPORATION'S DIRECTORS AND OFFICERS DEVELOP LONG-RANGE STRATEGIC PLANS FOR BOTH THE CORPORATION AND CHNCT. THIS ACTIVITY INCLUDES OVERSIGHT RESPONSIBILITY FOR THE PHILOSOPHY, MISSION AND BUDGET OF BOTH ORGANIZATIONS, AS WELL AS REVIEW AND APPROVAL OF THE OBJECTIVES AND MAJOR POLICIES OF THE SUPPORTED CHNCT.
IN FURTHERANCE OF THE SUPPORT OF THE CHARITABLE ACTIVITIES OF CHNCT, CHNCT HOLDINGS, INC. HAS DEVELOPED AND IMPLEMENTED A PLAN TO ESTABLISH A TELEHEALTH PROGRAM TO IMPROVE HEALTHCARE ACCESS TO THE...
IN FURTHERANCE OF THE SUPPORT OF THE CHARITABLE ACTIVITIES OF CHNCT, CHNCT HOLDINGS, INC. HAS DEVELOPED AND IMPLEMENTED A PLAN TO ESTABLISH A TELEHEALTH PROGRAM TO IMPROVE HEALTHCARE ACCESS TO THE MEDICALLY UNDERSERVED POPULATION OF CONNECTICUT THROUGH FEDERALLY QUALIFIED HEALTH CENTERS IN THE STATE OF CONNECTICUT. SERVICES PROVIDED IN THIS TELEHEALTH PROGRAM INCLUDE DIABETIC RETINOPATHY SCREENING, SPECIALIST ECONSULTS, BEHAVIORAL HEALTH AND PRIMARY CARE VIRTUAL VISITS, REMOTE PATIENT MONITORING AND CHRONIC CONDITION MANAGEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare COMMUNITY HEALTH NETWORK OF CONNECTICUT HOLDINGS INC with other nonprofits in Connecticut and across the country.