Stamford Hospital
- Assets
- $1.2b
- Revenue
- $776.1m
- Investments
- $8.0m
- Employees
- 3,540
- Location
- Stamford, CT
- Founding
- 08/1934
- Data as of
- 09/2023
- 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 09/2023, Stamford Hospital employed 3,540 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 09/2023, Stamford Hospital generated $776.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $769.1m during the year ending 09/2023. While expenses have increased by 6.4% per year over the past 8 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
2023
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 9/30/2023 INCLUDE: ADULT AND PEDIATRIC INPATIENTS CARED FOR AND DISCHARGED 15,626; BABIES BORN 2,289; TOTAL INPATIENT DAYS OF CARE PROVIDED 80,428; PATIENTS SEEKING CARE IN THE STAMFORD HOSPITAL EMERGENCY ROOM: ADMITTED FOR INPATIENT TREATMENT 8,687; TREATED AND RELEASED 52,405; TREATED AT TULLY IMMEDIATE CARE CENTER 27,502; SURGERIES PERFORMED AT THE HOSPITAL AND TULLY CENTER 13,727; RADIATION THERAPY PROCEDURES PERFORMED 250,846.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO | OfficerTrustee | 38 | $2,065,183 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hematology Oncology Associates Pc Physician Fees/oncology | 9/29/23 | $6,299,494 |
The Chartis Group Llc Consulting | 9/29/23 | $3,766,745 |
Downes Construction Company Construction | 9/29/23 | $3,280,544 |
Eclinicalworks Llc Cap/systems & Support | 9/29/23 | $2,015,345 |
Pustola & Associates Engineers Construction | 9/29/23 | $1,716,543 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,397,482 |
| Related organizations | $0 |
| Government grants | $178,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,389,159 |
| Noncash contributions included in lines 1a–1f | $375,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,965,057 |
| Total Program Service Revenue | $735,102,909 |
| Investment income | $5,094,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,293,143 |
| Net Gain/Loss on Asset Sales | $1,682,468 |
| Net Income from Fundraising Events | -$329,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,060,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| 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. | $5,060,109 |
| Compensation of current officers, directors, key employees. | $5,060,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,869,294 |
| Pension plan accruals and contributions | $12,708,615 |
| Other employee benefits | $20,010,044 |
| Payroll taxes | $19,834,745 |
| Fees for services: Management | $1,554,741 |
| Fees for services: Legal | $3,986,476 |
| Fees for services: Accounting | $621,132 |
| Fees for services: Lobbying | $163,036 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,776,612 |
| Advertising and promotion | $6,410,472 |
| Office expenses | $13,094,464 |
| Information technology | $12,242,260 |
| Royalties | $0 |
| Occupancy | $34,484,487 |
| Travel | $336,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $282,643 |
| Interest | $38,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,373,045 |
| Insurance | $10,612,549 |
| All other expenses | $610,418 |
| Total functional expenses | $769,065,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,811 |
| Savings and temporary cash investments | $95,249,135 |
| Pledges and grants receivable | $16,396,421 |
| Accounts receivable, net | $121,224,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,747,579 |
| Prepaid expenses and deferred charges | $16,142,299 |
| Net Land, buildings, and equipment | $574,420,720 |
| Investments—publicly traded securities | $215,696,291 |
| Investments—other securities | $7,964,458 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,527,484 |
| Total assets | $1,179,419,408 |
| Accounts payable and accrued expenses | $122,760,050 |
| Grants payable | $0 |
| Deferred revenue | $2,549,479 |
| Tax-exempt bond liabilities | $410,746,333 |
| 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 | $12,254,141 |
| Other liabilities | $95,494,087 |
| Total liabilities | $643,804,090 |
| Net assets without donor restrictions | $441,151,766 |
| Net assets with donor restrictions | $94,463,552 |
| 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 | $1,179,419,408 |