CAPITAL AREA HEALTH CONSORTIUM INC

EIN: 510173264 501(c)(3)

FARMINGTON, CT

Total Revenue
$75,067,977
Total Expenses
$75,061,492
Total Assets
$8,732,819
Net Assets
$629,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CT
Principal Officer
MICHELLE NIELSON
Phone
8606761110
Tax Period
2024-07-01 to 2025-06-30

CAPITAL AREA HEALTH CONSORTIUM INC, founded in 1974, is a mid-sized nonprofit that reported $75.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AN INTER-INSTITUTIONAL FORUM TO IMPROVE COLLABORATION AMONG ITS MEMBER HOSPITALS IN THE GREATER HARTFORD CAPITAL REGION TO MAINTAIN AND IMPROVE THE HEALTH CARE NEEDS OF THE AREA. IN ADDITION, TO PROVIDE SUPPORT SERVICES IN THE FORM OF SALARY AND EMPLOYEE BENEFITS FOR TRAINING PROGRAMS SPONSORED BY THE UNIVERSITY OF CONNECTICUT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,000
Program Service Revenue $74,666,009
Investment Income $365,968
Other Revenue $0
TOTAL REVENUE $75,067,977

Expense Breakdown

Grants Paid $12,905
Salaries & Benefits $72,781,690
Fundraising Expenses $0
Program Expenses $75,044,508
Other Expenses $2,266,897
TOTAL EXPENSES $75,061,492

Year-over-Year Comparison

2024 2023 Change
Revenue $75,067,977 $68,294,806 +0.1%
Expenses $75,061,492 $68,321,779 +0.1%
Net Income $6,485 $-26,973 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
1098
Volunteers
N/A

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
$3,216,247
Total Directors
16
$11,496,496
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN RICCI FACHE DIRECTOR 1.00
Director
$0 $19,278 $1,451,041
GERALD BOISVERT TREASURER 1.00
Officer Director
$0 $72,996 $1,186,671
JUAN SALAZAR MD MPH FAAP CHAIR 1.00
Officer Director
$0 $50,780 $979,781
BRIDGETT FEAGIN DIRECTOR 1.00
Director
$0 $36,909 $954,389
KENNETH ROBINSON DIRECTOR 1.00
Director
$0 $62,846 $914,418
JEFF FINKELSTEIN MD DIRECTOR 1.00
Director
$0 $75,090 $790,538
ROCKMAM FERRIGNO MD MHA DIRECTOR 1.00
Director
$0 $57,465 $782,861
DAVID SHAPIRO MD DIRECTOR 1.00
Director
$0 $33,789 $694,943
STEVE ANGUS MD FACP DIRECTOR 1.00
Director
$0 $219,537 $601,544
KIKI NISSEN MD FACP PERMANENT EX 1.00
Director
$0 $87,682 $531,439
SCOTT ALLEN MD VICE CHAIR 1.00
Officer Director
$0 $91,522 $516,226
BRIAN RILEY DO DIRECTOR 1.00
Director
$0 $41,138 $482,790
LAURIE RUDMAN DIRECTOR 1.00
Director
$0 $44,044 $476,016
SEAN CURTIN MBA CPA DIRECTOR 1.00
Director
$0 $43,779 $435,957
CHAD BIANCHI DIRECTOR 1.00
Director
$0 $167,695 $414,267
JIM HARRIS SECRETARY 1.00
Officer Director
$0 $32,536 $283,615
MICHELLE NIELSON EXECUTIVE DI 40.00
Officer
$129,462 $20,496 $149,958
JANET WIDLANSKY CFO 20.00
Officer
$79,500 $20,496 $99,996
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
2025 $75,067,977 $75,061,492 $8,732,819 $6,485
2024 $68,294,806 $68,321,779 $7,037,658 $-26,973
2023 $63,751,692 $63,841,069 $5,623,812 $-89,377
2022 $60,880,369 $60,830,286 $8,150,693 $50,083
2021 $59,222,446 $59,189,113 $9,859,049 $33,333
2020 $57,749,131 $57,722,735 $7,563,895 $26,396
2019 $56,962,062 $56,935,439 $6,925,457 $26,623
2018 $55,697,490 $55,678,514 $5,843,256 $18,976
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