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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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

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.

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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 (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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Financial Health Indicators

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Liquidity & Cash Position

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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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