Vassar Health Connecticut Inc

EIN: 815056290 501(c)(3) Health Care

SHARON, CT

Total Revenue
$53,066,954
Total Expenses
$73,605,016
Total Assets
$43,688,300
Net Assets
$-68,291,862
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Organization Details

Formation Year
2016
Legal Domicile
CT
Phone
8454759500
Tax Period
2023-10-01 to 2024-09-30

Vassar Health Connecticut Inc, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $53.1M in total revenue in fiscal year 2023. Expenses of $73.6M exceeded revenue, resulting in a 39% operating deficit.

Mission

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

Program Service Accomplishments

Program 1
Expenses: $65,264,671 Revenue: $52,873,653

SHARON HOSPITAL IS A 78-BED HOSPITAL LOCATED IN NORTHWESTERN CONNECTICUT. THE TEAM IS COMMITTED TO PROVIDING COMPASSIONATE HEALTHCARE THAT MEETS THE NEEDS OF THE COMMUNITY IT SERVES. SHARON HOSPITAL...

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SHARON HOSPITAL IS A 78-BED HOSPITAL LOCATED IN NORTHWESTERN CONNECTICUT. THE TEAM IS COMMITTED TO PROVIDING COMPASSIONATE HEALTHCARE THAT MEETS THE NEEDS OF THE COMMUNITY IT SERVES. SHARON HOSPITAL IS PART OF NUVANCE HEALTH, WHICH IS A SIX-HOSPITAL SYSTEM, ON 7 CAMPUSES, WITH NUMEROUS OUTPATIENT FACILITIES THROUGHOUT THE HUDSON VALLEY AND ACROSS WESTERN CONNECTICUT. THE NUVANCE HEALTH SYSTEM GIVES THE COMMUNITY ACCESS TO A VARIETY OF SERVICES INCLUDING, BUT NOT LIMITED TO, BARIATRIC SURGERY AND MEDICAL WEIGHT LOSS, BLOOD DRAW, CRITICAL CARE, DIABETES EDUCATION, EMERGENCY SERVICES, HEART AND VASCULAR, IMAGING AND RADIOLOGY, INFUSION THERAPY, NEUROLOGY AND NEUROSURGERY, ORTHOPEDIC CARE, PHYSICAL REHABILITATION, PRIMARY CARE, RHEUMATOLOGY, SLEEP DISORDERS, URGENT CARE, WOMEN'S HEALTH, BEHAVIORAL HEALTH, CANCER CARE, DENTISTRY, DIGESTIVE HEALTH, ENDOCRINOLOGY, GENETIC COUNSELING, HOME HEALTH CARE, INFECTIOUS DISEASE, KIDNEY DISEASE AND NEPHROLOGY, OCCUPATIONAL MEDICINE, PATIENT BLOOD MANAGEMENTS AND BLOODLESS MEDICINE, PEDIATRICS, PODIATRY, PULMONARY CARE, SENIOR CARE AND GERIATRIC MEDICINE, SURGICAL SERVICES, UROLOGY, WOUND CARE AND HYPERBARIC MEDICINE. SHARON HOSPITAL PROVIDES A FULL RANGE OF SERVICES INCLUDING BARIATRIC SURGERY, CARDIOLOGY SERVICES, EMERGENCY CARE, NEUROSCIENCES, ORTHOPEDICS, STROKE CARE, SURGICAL SERVICES, AND WOMEN'S SERVICES. Sharon Hospital takes pride in its numerous awards and accreditations, which reflect our unwavering commitment to delivering compassionate, high-quality care tailored to each patient's needs. As a hospital located in northwestern Connecticut and a proud member of Nuvance Health, we combine the personalized touch of a community hospital with the advanced resources of a comprehensive health system. Our dedication to excellence is evident in the range of services we provide, ensuring that our patients receive exceptional care close to home. THE CENTERS FOR MEDICARE AND MEDICAID SERVICES HAVE ONCE AGAIN AWARDED SHARON HOSPITAL A FIVE-STAR RATING FOR THE LAST FOUR YEARS IN A ROW. THE HOSPITAL HAS ALSO RECEIVED THE GET WITH THE GUIDELINES STROKE GOLD PLUS BY THE AMERICAN HEART ASSOCIATION AND AMERICAN STROKE ASSOCIATION. LEAPFROG HAS SCORED SHARON HOSPITAL WITH AN 'A' GRADE FOR PATIENT SAFETY, ONE MORE ACCOLADE FOR HIGH QUALITY CARE. AND, US NEWS AND WORLD REPORT HAS RANKED SHARON HOSPITAL AS HIGH-PERFORMING FOR MATERNITY CARE. VIZIENT HAS AWARDED SHARON HOSPITAL FOR OUTSTANDING CLINICAL QUALITY AND PERFORMANCE. EVERY THREE YEARS, WE ALIGN HEALTH PRIORITIES WITH THE AREAS OF GREATEST IDENTIFIED NEED AND CONSIDER WHERE OUR RESOURCES WILL GENERATE THE GREATEST IMPACT. OUR COMMITMENT TO IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITY IS DEMONSTRATED THROUGH THE ACTIVITIES OUTLINED IN OUR COMMUNITY HEALTH IMPROVEMENT PLAN. SHARON HOSPITAL FOCUSED THEIR COMMUNITY BENEFIT ACTIVITIES ON THE FOLLOWING TWO PRIORITIES: * PREVENT CHRONIC DISEASES * ADDRESSING BEHAVIORAL HEALTH NEEDS WORKGROUPS DEVELOPED GOALS, OBJECTIVES, STRATEGIES, ACTION STEPS, AND SUCCESS METRICS FOR THESE PRIORITY AREAS. BELOW ARE KEY HIGHLIGHTS SHOWCASING THE IMPACT OF OUR STRATEGIES IN ADDRESSING HEALTH NEEDS IDENTIFIED IN THE 2022 COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA) AND THE 2023-2025 CHIP: RECOGNIZING THE LINK BETWEEN POOR NUTRITION AND CHRONIC DISEASES, NUTRITION WAS A FOCUS ACROSS ALL HOSPITALS. SHARON HOSPITAL HIRED A CLINICAL DIETICIAN TO SUPPORT NUTRITIONAL EDUCATION IN THE COMMUNITY AND CONTINUED ITS WORK WITH THE LION'S CLUB AND THEIR LET'S IMPROVE OUR NUTRITION (LION) PROGRAM TO SUPPORT THE PROVISION OF HEALTHY EATING EDUCATION AND FOOD TASTINGS AT LOCAL ELEMENTARY SCHOOLS. SHARON HOSPITAL ALSO IMPLEMENTED A SENIOR MEALS PROGRAM IN MAY 2024 AND HAS BEEN PROVIDING APPROXIMATELY 100 DISCOUNTED MEALS A MONTH SINCE THAT TIME. MENTAL HEALTH FIRST AID CLASSES, A NATIONAL EVIDENCE-BASED PROGRAM DESIGNED TO TEACH SKILLS FOR RECOGNIZING AND RESPONDING TO SIGNS OF MENTAL ILLNESS AND SUBSTANCE USE IS NOW AVAILABLE ACROSS ALL HOSPITAL COMMUNITIES IN BOTH NEW YORK AND CONNECTICUT, ENSURING BROADER ACCESS TO THIS VITAL RESOURCE. SHARON HOSPITAL FOCUSED ON PROMOTING REFERRALS FROM THE HOSPITAL EMERGENCY DEPARTMENTS TO PEER RECOVERY SPECIALISTS AT CONNECTICUT COMMUNITY FOR ADDICTION RECOVERY (CCAR), RESULTING IN OVER 200 REFERRALS A YEAR. CCAR HELPS PEOPLE NAVIGATE THE RECOVERY COMMUNITY BY CONNECTING THEM WITH OTHERS IN RECOVERY AND PROVIDING ACCESS TO AREA TREATMENT AND SUPPORT SERVICES. OTHER CHIP ACTIVITIES INCLUDED TRANSPORTATION ASSISTANCE, THE GET FIT FITNESS PROGRAM, HEALTH RELATED SOCIAL NEEDS SCREENINGS, DISTRIBUTION OF NARCAN AND FENTANYL TEST STRIPS, AND DIAPER DISTRIBUTION PROGRAMS. COMMUNITY EDUCATION SESSIONS THAT FOCUSED ON HEALTHY LIFESTYLE BEHAVIORS, STROKE PREVENTION, CANCER SCREENINGS AND PREVENTION, SMOKING CESSATION COUNSELING, CHRONIC DISEASE SELF-MANAGEMENT AND STRESS MANAGEMENT WERE OFFERED THROUGHOUT THE COMMUNITY, OFTEN IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS, SENIOR CENTERS AND SCHOOLS. OVER THE LAST YEAR, STAFF HAVE ALSO CONTRIBUTED TIME AND EXPERTISE TO MANY COMMUNITY ORGANIZATIONS AND TASK FORCES THROUGHOUT THE COMMUNITIES. IN FY24, SHARON HOSPITAL HAD 8,380 PATIENT DAYS AND 1,566 DISCHARGES IN ACUTE CARE. THERE WERE 11,729 IN EMERGENCY ROOM VISITS AND 46,394 IN OTHER OUTPATIENT VISITS/PROCEDURES. THE HOSPITAL PROVIDED APPROXIMATELY $2.1M IN CHARITY CARE TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $103,473
Program Service Revenue $52,819,305
Investment Income $1,991
Other Revenue $142,185
TOTAL REVENUE $53,066,954

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $36,374,722
Fundraising Expenses $0
Program Expenses $65,264,671
Other Expenses $37,227,794
TOTAL EXPENSES $73,605,016

Year-over-Year Comparison

2023 2022 Change
Revenue $53,066,954 $49,599,644 +0.1%
Expenses $73,605,016 $73,683,904 0.0%
Net Income $-20,538,062 $-24,084,260 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
346
Volunteers
20

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
$2,907,691
Total Directors
13
$499,049
Key Employees
4
$4,002,464
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA MCCULLOCH PRESIDENT SHARON HOSPITAL 46.0
Officer Director
$442,862 $56,187 $499,049
PARI FOROOD VICE CHAIR 3.0
Officer Director
$0 $0 $0
RICHARD CANTELE CHAIR 3.0
Officer Director
$0 $0 $0
HUGH HILL DIRECTOR 2.0
Director
$0 $0 $0
JAMES QUELLA DIRECTOR 2.0
Director
$0 $0 $0
JOHN CHARDE MD DIRECTOR 2.0
Director
$0 $0 $0
KATHRYN PALMER-HOUSE DIRECTOR 2.0
Director
$0 $0 $0
KENNETH SCHECHTER DIRECTOR (TO 12/18) 2.0
Director
$0 $0 $0
MARGARET COUCHLAN MD DIRECTOR 2.0
Director
$0 $0 $0
MARK HOCHBERG MD DIRECTOR (FROM 1/1) 2.0
Director
$0 $0 $0
MEHRDAD NOORANI DIRECTOR 2.0
Director
$0 $0 $0
MIRIAM TANNEN RN NP-C DIRECTOR 2.0
Director
$0 $0 $0
RANDALL R DWENGER MD DIRECTOR 2.0
Director
$0 $0 $0
BRIAN WYATT SECRETARY & CHIEF LEGAL OFFICER 2.0
Officer
$0 $124,638 $758,850
DANIEL DEBARBA CHIEF FINANCIAL OFFICER; TREASURER 2.0
Officer
$0 $175,627 $1,649,792
JEAN AHN CHIEF STRATEGY OFFICER 5.0
Key Emp
$0 $98,768 $1,079,899
KATHRYN D CULLINAN CHIEF HUMAN RESOURCES OFFICER 5.0
Key Emp
$0 $111,060 $827,453
MICHELLE ROBERTSON CHIEF OPERATING OFFICER 5.0
Key Emp
$0 $187,713 $1,525,961
WAYNE MCNULTY CHIEF COMPLIANCE OFFICER 5.0
Key Emp
$0 $33,749 $569,151
ANN MEACH REGISTERED NURSE 40.0
Highest
$184,104 $23,890 $207,994
ANNA T VISCHIO PHYSICIAN-CLINICAL 40.0
Highest
$267,337 $63,064 $330,401
DAWN WOODRUFF CHIEF NURSING OFFICER 40.0
Highest
$273,955 $45,626 $319,581
IRINA PRISHCHEPOVA REGISTERED NURSE 40.0
Highest
$187,636 $38,028 $225,664
KATHERINE BENSON HOUSE SUPERVISOR 40.0
Highest
$263,199 $30,091 $293,290
DONALD SOUCIER MD FORMER PRESIDENT OF MEDICAL STAFF 0.0
$1,233 $53,845 $604,232
MARK K HIRKO MD FORMER PRESIDENT SHARON HOSPITAL; PRESIDENT PHC 0.0
$0 $45,894 $750,948
PETER CORDEAU FORMER PRESIDENT SHARON HOSPITAL; PRESIDENT NHA 0.0
$0 $63,284 $838,684
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 $53,066,954 $73,605,016 $43,688,300 $-20,538,062
2023 $49,599,644 $73,683,904 $42,057,121 $-24,084,260
2022 $51,339,478 $72,831,720 $44,831,066 $-21,492,242
2021 $49,443,431 $65,116,178 $42,119,488 $-15,672,747
2020 $55,171,792 $60,811,339 $56,215,531 $-5,639,547
2018 $51,047,077 $51,519,194 $46,565,723 $-472,117
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