HARVARD PILGRIM HEALTH CARE OF CONNECTICUT INC

EIN: 461681667

HARTFORD, CT

Total Revenue
$21,117,996
Total Expenses
$26,414,734
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
CT
Principal Officer
MICHAEL A CARSON
Phone
7812636000
Tax Period
2020-01-01 to 2020-06-30

HARVARD PILGRIM HEALTH CARE OF CONNECTICUT INC, founded in 2012, is a mid-sized nonprofit that reported $21.1M in total revenue in fiscal year 2020. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $26.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

SEE SCHEDULE 0

Program Service Accomplishments

Program 1
Expenses: $25,908,910 Revenue: $20,674,415

TO IMPROVE THE QUALITY AND VALUE OF HEALTH CARE FOR THE PEOPLE AND COMMUNITIES WE SERVE. DURING 01/01/2020 THROUGH 06/30/2020, HARVARD PILGRIM HEALTH CARE OF CONNECTICUT,INC. HAD 7,275 FULLY INSURED...

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TO IMPROVE THE QUALITY AND VALUE OF HEALTH CARE FOR THE PEOPLE AND COMMUNITIES WE SERVE. DURING 01/01/2020 THROUGH 06/30/2020, HARVARD PILGRIM HEALTH CARE OF CONNECTICUT,INC. HAD 7,275 FULLY INSURED MEMBERS,AMBULATORY ENCOUNTERS WERE 22,090 AND HOSPITAL DAYS INCURRED WERE 839.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,674,415
Investment Income $443,581
Other Revenue $0
TOTAL REVENUE $21,117,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,908,910
Other Expenses $4,189,924
TOTAL EXPENSES $26,414,734

Year-over-Year Comparison

2020 2019 Change
Revenue $21,117,996 $37,221,147 -0.4%
Expenses $26,414,734 $44,030,127 -0.4%
Net Income $-5,296,738 $-6,808,980 -0.2%
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
7
Independent Members
4
Employees
N/A
Volunteers
2

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
6
$3,969,691
Total Directors
8
$3,161,446
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL A CARSON PRESIDENT/DIRECTOR 2.0
Officer Director
$0 $247,290 $1,901,183
CHARLES R GOHEEN TREASURER 2.0
Officer
$0 $102,845 $796,034
TISA K HUGHES FORMER SECRETARY 2.0
$0 $104,517 $605,201
MICHAEL S SHERMAN MD DIRECTOR 2.0
Director
$0 $103,911 $569,611
BETH A ROBERTS VICE PRESIDENT/DIRECTOR 2.0
Officer Director
$0 $89,969 $497,895
MICHELLE J CLAYMAN ASSISTANT TREASURER 2.0
Officer
$0 $36,644 $338,879
THOMAS F MALONEY SECRETARY 2.0
Officer
$0 $29,658 $243,943
JASON MADRAK VP/DIRECTOR (UNTIL 03/20) 10.0
Officer Director
$0 $11,151 $191,757
RAYMOND LAWRENCE DMD DIRECTOR 2.0
Director
$0 $0 $500
JOHN E CALKINS DIRECTOR 2.0
Director
$0 $0 $500
DAVID W MCFADDEN MD DIRECTOR 2.0
Director
$0 $0 $0
ANDREA BARTON-REEVES DIRECTOR 2.0
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
2020 $21,117,996 $26,414,734 No data $-5,296,738
2019 $37,221,147 $44,030,127 $48,267,624 $-6,808,980
2018 $12,453,601 $13,696,855 $18,199,021 $-1,243,254
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