Saint Marys Hospital Inc
- Assets
- $450.5m
- Revenue
- $351.2m
- Investments
- $71.2m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 10/1977
- Data as of
- 09/2021
- EIN
- 06-0646844
Organization Overview
Saint Marys Hospital Inc is located in Hartford, CT. The organization was established in 1977. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Marys Hospital Inc 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 Marys Hospital Inc generated $351.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $304.0m during the year ending 09/2021. While expenses have increased by 2.9% 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.
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 MARY'S HOSPITAL IS A CATHOLIC, NOT-FOR-PROFIT, COMMUNITY TEACHING HOSPITAL THAT HAS BEEN SERVING PATIENTS IN WATERBURY, CT AND THE SURROUNDING COMMUNITIES SINCE 1909. SAINT MARY'S HOSPITAL IS PROUD TO OFFER A WIDE VARIETY OF MEDICAL SERVICES, EDUCATIONAL CLASSES, AND PATIENT RESOURCES. THE HOSPITAL ALSO HAS A LEVEL II TRAUMA CENTER; THE ONLY PEDIATRIC EMERGENCY CARE UNIT IN THE REGION; AWARD-WINNING CARDIAC AND STROKE CARE; AND ADVANCED SURGICAL SERVICES, INCLUDING DAVINCI ROBOTIC SURGERY SYSTEMS. AT SAINT MARY'S HOSPITAL, PATIENTS RECEIVE EXCEPTIONAL CARE THAT EXCELS IN QUALITY, VALUE AND SAFETY. PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/ABOUT-US/OUR-HOSPITALS/SAINT-MARYS-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Price Director; V Chair As Of 1/21 | OfficerTrustee | 1 | $0 |
Kevin O'connor Director, Chair Thr 12/20 | OfficerTrustee | 1 | $0 |
James Smith Dir, V Chair Thr 12/20;chair At 1/21 | OfficerTrustee | 1 | $0 |
Steven Schneider MD President And CEO | Officer | 53 | $0 |
Paul Porter Chief Medical Officer Through 2/21 | Officer | 50 | $0 |
Jennifer Schneider Treasurer; SVP And Regional CFO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sc Orthopedics Of Connecticut Pc Physician Services | 9/29/21 | $2,301,729 |
Mayo Collaborative Service Inc Laboratory Services | 9/29/21 | $2,011,501 |
Woodland Anesthesiology Associates Pc Health Care Services | 9/29/21 | $1,619,766 |
Unitex Textile Rental Service Laundry Services | 9/29/21 | $1,197,963 |
St Francis Health Care Partners Physician Services | 9/29/21 | $941,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $525,805 |
| Government grants | $10,025,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,985,606 |
| Total Program Service Revenue | $327,567,643 |
| Investment income | $4,024,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $433,286 |
| Net Gain/Loss on Asset Sales | $5,473,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,286 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,229,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,071 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,259,055 |
| Compensation of current officers, directors, key employees. | $1,259,055 |
| Compensation to disqualified persons | $11,860 |
| Other salaries and wages | $82,342,969 |
| Pension plan accruals and contributions | $882,255 |
| Other employee benefits | $10,339,703 |
| Payroll taxes | $5,898,214 |
| Fees for services: Management | $648,502 |
| Fees for services: Legal | $16,963 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190,885 |
| Fees for services: Other | $25,894,664 |
| Advertising and promotion | $8,729 |
| Office expenses | $1,411,424 |
| Information technology | $72,798 |
| Royalties | $0 |
| Occupancy | $9,182,135 |
| Travel | $48,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,180 |
| Interest | $940,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,363,360 |
| Insurance | $2,970,447 |
| All other expenses | $8,246,363 |
| Total functional expenses | $303,989,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,528,113 |
| Savings and temporary cash investments | $1,843,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,151,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $131,466 |
| Inventories for sale or use | $5,027,627 |
| Prepaid expenses and deferred charges | $1,159,866 |
| Net Land, buildings, and equipment | $95,583,542 |
| Investments—publicly traded securities | $95,136,518 |
| Investments—other securities | $71,223,406 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,747,060 |
| Total assets | $450,532,787 |
| Accounts payable and accrued expenses | $76,056,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,989,316 |
| Total liabilities | $241,045,712 |
| Net assets without donor restrictions | $184,765,600 |
| Net assets with donor restrictions | $24,721,475 |
| 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 | $450,532,787 |
Grants Awarded
Over the last fiscal year, Saint Marys Hospital Inc has awarded $87,291 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Waterbury, CT PURPOSE: GENERAL SUPPORT | $62,291 |
CITY OF WATERBURY PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Marys Hospital Inc has recieved totaling $42,500.
| Awarding Organization | Amount |
|---|---|
Trinity Health Corporation Livonia, MI PURPOSE: COMMUNITY WELFARE - IT STARTS HERE GRANT | $25,000 |
Health Coalition Of Passaic County Inc Paterson, NJ PURPOSE: COVID-19 RELIEF EFFORTS | $17,500 |
Endowment Analysis
| Beg. Balance | $18,078,733 |
| Earnings | $2,867,000 |
| Ending Balance | $20,945,733 |
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 |