Saint Francis Hospital And Medical Center
- Assets
- $1.7b
- Revenue
- $997.8m
- Investments
- $55.1m
- Employees
- 315
- Location
- Hartford, CT
- Founding
- 03/1946
- Data as of
- 09/2021
- EIN
- 06-0646813
Organization Overview
Saint Francis Hospital And Medical Center is located in Hartford, CT. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Saint Francis Hospital And Medical Center employed 315 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Francis Hospital And Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Saint Francis Hospital And Medical Center generated $997.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $870.7m during the year ending 09/2021. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Saint Francis Hospital And Medical Center has awarded 128 individual grants totaling $3,761,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
SAINT FRANCIS HOSPITAL AND MEDICAL CENTER HAS BEEN AN ANCHOR INSTITUTION IN NORTH CENTRAL CONNECTICUT SINCE 1897. SAINT FRANCIS HOSPITAL AND MEDICAL CENTER IS LICENSED FOR 617 BEDS AND 65 BASSINETS, IS A MAJOR TEACHING HOSPITAL AND THE LARGEST CATHOLIC HOSPITAL IN NEW ENGLAND.SAINT FRANCIS HOSPITAL AND MEDICAL CENTER IS COMMITTED TO EXCEEDING THE EXPECTATIONS OF OUR PATIENTS AND FAMILIES BY PROVIDING WORLD-CLASS SERVICE IN A PROGRESSIVE, PEOPLE-CENTERED, COMPASSIONATE HEALTH CARE ENVIRONMENT.AT SAINT FRANCIS HOSPITAL AND MEDICAL CENTER WE REMAIN COMMITTED TO THE MISSION THAT HAS BEEN VIRTUALLY UNCHANGED DURING OUR 120-YEAR HISTORY - TO IMPROVE AND ENRICH THE LIVES OF INDIVIDUALS AND FAMILIES IN OUR REGION. COMPASSIONATE CARE, SUPERIOR TECHNOLOGY AND PREVENTION-ORIENTED EDUCATION WILL COMBINE IN CENTERS OF CLINICAL EXCELLENCE. DEDICATION TO OUR FOUNDING CORE VALUES WILL CREATE A SPIRITUAL AND HEALING ENVIRONMENT.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/LOCATION/SAINT-FRANCIS-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwendolyn Moraski MD Dir, Medical Staff Pres Thr 12/20 | Trustee | 3 | $68,750 |
Haris Athar MD Dir, Medical Staff Pres As Of 1/21 | Trustee | 3 | $15,000 |
Kevin O'connor Director, Chair Through 12/20 | OfficerTrustee | 1 | $0 |
James Smith Dir, V Chair Thr 12/20;chair At 1/21 | OfficerTrustee | 1 | $0 |
Joann Price Director; Vice Chair As Of 1/21 | OfficerTrustee | 1 | $0 |
Phillip Roland Cmo Thr 6/21 & Thofne Mgps Cmo 6/21 | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uconn Health Center Physician Fees | 9/29/21 | $18,157,531 |
Smilow Cancer Center Health Care Services | 9/29/21 | $6,523,505 |
Us Securities Associates Inc Security Services | 9/29/21 | $3,910,068 |
National Government Services Inc Health Care Services | 9/29/21 | $2,889,905 |
Cigna Open Access Plus Health Care Services | 9/29/21 | $2,729,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,841,412 |
| Government grants | $44,690,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,143,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,674,855 |
| Total Program Service Revenue | $911,827,203 |
| Investment income | $8,682,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,678,394 |
| Net Gain/Loss on Asset Sales | $10,485,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $997,837,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,371 |
| Grants and other assistance to domestic individuals. | $69,343 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,355,576 |
| Compensation of current officers, directors, key employees. | $1,271,826 |
| Compensation to disqualified persons | $1,125,333 |
| Other salaries and wages | $218,704,352 |
| Pension plan accruals and contributions | $1,572,599 |
| Other employee benefits | $28,986,182 |
| Payroll taxes | $16,212,797 |
| Fees for services: Management | $2,039,779 |
| Fees for services: Legal | $107,026 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $328,960 |
| Fees for services: Other | $94,959,474 |
| Advertising and promotion | $7,009 |
| Office expenses | $6,613,791 |
| Information technology | $571,814 |
| Royalties | $0 |
| Occupancy | $17,411,424 |
| Travel | $174,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207,567 |
| Interest | $10,492,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,710,796 |
| Insurance | $4,071,874 |
| All other expenses | $38,827,230 |
| Total functional expenses | $870,733,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,332,344 |
| Savings and temporary cash investments | $5,138,840 |
| Pledges and grants receivable | $3,153 |
| Accounts receivable, net | $108,059,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,868,362 |
| Prepaid expenses and deferred charges | $3,062,521 |
| Net Land, buildings, and equipment | $303,727,312 |
| Investments—publicly traded securities | $217,289,501 |
| Investments—other securities | $55,065,562 |
| Investments—program-related | $0 |
| Intangible assets | $8,285,320 |
| Other assets | $922,061,146 |
| Total assets | $1,654,893,576 |
| Accounts payable and accrued expenses | $205,483,233 |
| Grants payable | $0 |
| Deferred revenue | $27,311 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,802,148 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $735,154,653 |
| Total liabilities | $942,467,345 |
| Net assets without donor restrictions | $593,027,909 |
| Net assets with donor restrictions | $119,398,322 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,654,893,576 |
Grants Awarded
Over the last fiscal year, Saint Francis Hospital And Medical Center has awarded $130,409 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Torrington, CT PURPOSE: HELP PROVIDE COVID CLINICAL SUPPORT TO EAST HARTFORD AND GENERAL SUPPORT | $30,498 |
Dallas, TX PURPOSE: FUNDING & CONDUCTING RESEARCH RELATED TO HEART DISEASE | $25,000 |
Hartford, CT PURPOSE: HELP FUND COVID-19 VACCINATION OUTREACH AND FOOD DISTRIBUTION | $19,500 |
Hartford, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Hartford, CT PURPOSE: ADVOCACY EDUCATION | $15,000 |
Westport, CT PURPOSE: HELP UNDERSERVED LOCAL WOMEN SURVIVE BREAST CANCER TREATMENT WITH SUPPORT AND DIGNITY | $10,411 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Saint Francis Hospital And Medical Center has recieved totaling $2,057,364.
| Awarding Organization | Amount |
|---|---|
Lewis Roraback Tr Ui 40-755792 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $771,693 |
George J Capewell Fdn Trust No 3 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $587,114 |
Capewell Gar Uw Htfd Hospital Etl 1 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $273,478 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: COVID-19 | $75,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: HEALTH | $61,417 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: HUMAN SERVICES | $60,249 |
Endowment Analysis
| Beg. Balance | $72,728,659 |
| Earnings | $12,612,646 |
| Net Contributions | $1,051,000 |
| Ending Balance | $86,392,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |