ANCHOR HEALTH INITIATIVE CORP

EIN: 812826560 501(c)(3) Health Care

STAMFORD, CT

Total Revenue
$11,354,314
Total Expenses
$11,879,493
Total Assets
$2,488,390
Net Assets
$-2,283,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CT
Principal Officer
PATRICIA W CHADWICK
Phone
2036741102
Tax Period
2024-01-01 to 2024-12-31

ANCHOR HEALTH INITIATIVE CORP, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $11.4M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

ANCHOR HEALTH IS CONNECTICUT'S LEADING HEALTH CENTER FOR THE LGBTQ COMMUNITY. WE PROVIDE GROUNDBREAKING, RADICALLY INCLUSIVE, GENDER-AFFIRMING, AND SEX-POSITIVE MEDICAL, MENTAL HEALTH, AND PHARMACY CARE AS WELL AS SUPPORTIVE SERVICES TO THOUSANDS OF PATIENTS ACROSS CONNECTICUT AND BEYOND. ANCHOR HEALTH CONTINUOUSLY WORKS TO ADVANCE HEALTH EQUITY FOR LGBTQ PEOPLE THROUGH ADVOCACY, COMMUNITY-BUILDING, EDUCATION, AND RESEARCH. WE ARE HEALTH CARE FOR QUEER PEOPLE BY QUEER PEOPLE.

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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 $376,708
Program Service Revenue $10,976,806
Investment Income $800
Other Revenue $0
TOTAL REVENUE $11,354,314

Expense Breakdown

Grants Paid $14,450
Salaries & Benefits $3,853,920
Fundraising Expenses $114,758
Program Expenses $11,147,053
Other Expenses $8,011,123
TOTAL EXPENSES $11,879,493

Year-over-Year Comparison

2024 2023 Change
Revenue $11,354,314 $8,613,171 +0.3%
Expenses $11,879,493 $9,117,069 +0.3%
Net Income $-525,179 $-503,898 +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
11
Independent Members
11
Employees
35
Volunteers
15

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
5
$176,434
Total Directors
12
$0
Key Employees
1
$268,459
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA CHADWICK TREASURER/CFO/CEO 40.00
Officer Director
$0 $0 $0
PETER KELLY BOARD CHAIR 6.00
Officer Director
$0 $0 $0
MICHAEL CRISP VICE BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAVID GRIMES SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN CHUKUMBA BOARD MEMBER 2.00
Director
$0 $0 $0
ALISON COLE BOARD MEMBER 2.00
Director
$0 $0 $0
ADRIAN DEMIDONT BOARD MEMBER, THRU 1/18/24 1.00
Director
$0 $0 $0
JEAN DOYEN DE MONTAILLOU BOARD MEMBER 2.00
Director
$0 $0 $0
MAEVE DUVALLY BOARD MEMBER 2.00
Director
$0 $0 $0
IAN STUART MYERS BOARD MEMBER 2.00
Director
$0 $0 $0
NGOZI NNAJI BOARD MEMBER 2.00
Director
$0 $0 $0
JOHAN SANTIAGO-PAGAN BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTOPHER ADAMS CHIEF OPERATING OFFICER 40.00
Officer
$164,452 $11,982 $176,434
JOSEPH X CANARIE CHIEF MEDICAL OFFICER 40.00
Key Emp
$244,165 $24,294 $268,459
REIA MASSARO APRN 40.00
Highest
$140,763 $23,773 $164,536
SHARON SUTTON ALKERSTEDT APRN 40.00
Highest
$169,400 $23,323 $192,723
CHRISTIAN O CRUZ-PINTO COMPLIANCE & PRIVACY OFFICER 30.00
Highest
$102,175 $20,742 $122,917
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 $11,354,314 $11,879,493 $2,488,390 $-525,179
2023 $8,613,171 $9,117,069 $1,062,062 $-503,898
2022 $6,324,302 $6,946,855 $1,128,506 $-622,553
2021 $5,797,725 $5,420,397 $1,359,308 $377,328
2020 $4,830,743 $4,644,860 $709,089 $185,883
2019 $3,117,666 $2,892,792 $429,540 $224,874
2018 $615,100 $1,270,376 $187,416 $-655,276
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