Stamford Hospital
- Assets
- $1.2b
- Revenue
- $730.6m
- Investments
- $9.1m
- Employees
- 3,246
- Location
- Stamford, CT
- Founding
- 08/1934
- Data as of
- 09/2021
- EIN
- 06-0646917
Organization Overview
Stamford Hospital is located in Stamford, CT. The organization was established in 1934. 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, Stamford Hospital employed 3,246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Hospital 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, Stamford Hospital generated $730.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $640.6m during the year ending 09/2021. While expenses have increased by 5.3% 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
TOGETHER WITH OUR PHYSICIANS WE PROVIDE A BROAD RANGE OF HIGH QUALITY HEALTH AND WELLNESS SERVICES FOCUSED ON THE NEEDS OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
KEY OPERATING STATISTICS FOR THE YEAR ENDED 9/30/2021 INCLUDE: ADULT AND PEDIATRIC INPATIENTS CARED FOR AND DISCHARGED 14,896; BABIES BORN 2,178; TOTAL INPATIENT DAYS OF CARE PROVIDED 73,098; PATIENTS SEEKING CARE IN THE STAMFORD HOSPITAL EMERGENCY ROOM: ADMITTED FOR INPATIENT TREATMENT 7,855; TREATED AND RELEASED 45,062; TREATED AT TULLY IMMEDIATE CARE CENTER 25,987; SURGERIES PERFORMED AT THE HOSPITAL AND TULLY CENTER 13,463; RADIATION THERAPY PROCEDURES PERFORMED 224,254.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen A Silard Pres. & CEO - Treasurer | OfficerTrustee | 38 | $1,525,797 |
David Yuh MD Physician | 38 | $1,129,433 | |
Todd Miller MD Chief Neuro Interv. Services | 38 | $981,478 | |
Michael Coady MD Chief Of Cardiac Surgery | 38 | $901,463 | |
Brian Stainken MD Dept. Chair | 38 | $763,846 | |
Jonathan Bailey Sr. VP Operations & COO | Officer | 38 | $722,708 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hematology Oncology Assoc Pc Physician Fees/oncol | 9/29/21 | $4,646,750 |
Accenture Llp Professional Service | 9/29/21 | $1,816,990 |
Ropes Gray Llp Legal Fees | 9/29/21 | $1,735,628 |
Eclinicalworks Llc Cap/systems & Suppor | 9/29/21 | $1,629,954 |
Fusion Medical Staffing Llc Temp Nursing Staffin | 9/29/21 | $1,087,178 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $901,835 |
| Related organizations | $0 |
| Government grants | $23,154,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,712,107 |
| Noncash contributions included in lines 1a–1f | $853,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,768,363 |
| Total Program Service Revenue | $673,818,239 |
| Investment income | $1,108,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,974,128 |
| Net Gain/Loss on Asset Sales | $5,748,074 |
| Net Income from Fundraising Events | -$150,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,562,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,007,255 |
| 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. | $3,538,751 |
| Compensation of current officers, directors, key employees. | $3,538,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,098,438 |
| Pension plan accruals and contributions | $10,540,009 |
| Other employee benefits | $23,574,126 |
| Payroll taxes | $17,759,652 |
| Fees for services: Management | $2,079,178 |
| Fees for services: Legal | $2,532,459 |
| Fees for services: Accounting | $711,347 |
| Fees for services: Lobbying | $138,889 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,941 |
| Fees for services: Other | $93,731,480 |
| Advertising and promotion | $2,017,291 |
| Office expenses | $9,789,433 |
| Information technology | $9,610,774 |
| Royalties | $0 |
| Occupancy | $39,010,954 |
| Travel | $90,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,711 |
| Interest | $56,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,518,342 |
| Insurance | $9,601,112 |
| All other expenses | $429,734 |
| Total functional expenses | $640,607,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,811 |
| Savings and temporary cash investments | $201,982,042 |
| Pledges and grants receivable | $12,274,556 |
| Accounts receivable, net | $103,850,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,591,835 |
| Prepaid expenses and deferred charges | $11,639,037 |
| Net Land, buildings, and equipment | $584,354,549 |
| Investments—publicly traded securities | $213,068,429 |
| Investments—other securities | $9,104,015 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,621,061 |
| Total assets | $1,225,537,299 |
| Accounts payable and accrued expenses | $126,227,497 |
| Grants payable | $0 |
| Deferred revenue | $1,783,175 |
| Tax-exempt bond liabilities | $433,334,874 |
| 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 | $8,387,455 |
| Other liabilities | $151,249,840 |
| Total liabilities | $720,982,841 |
| Net assets without donor restrictions | $396,455,259 |
| Net assets with donor restrictions | $108,099,199 |
| 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 | $1,225,537,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stamford Hospital has recieved totaling $9,719.
| Awarding Organization | Amount |
|---|---|
Lawrence W Wilson Trust Ua 125-01005350 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $9,719 |
Endowment Analysis
| Beg. Balance | $86,391,902 |
| Earnings | $2,580,331 |
| Net Contributions | $20,642,371 |
| Other Expense | $1,290,735 |
| Ending Balance | $108,323,869 |
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 |