Trinity Health Of New England Corporation Inc
- Assets
- $558.9m
- Revenue
- $231.0m
- Investments
- $9.3m
- Employees
- 9,375
- Location
- Hartford, CT
- Founding
- 03/1946
- Data as of
- 09/2023
- EIN
- 06-1491191
Organization Overview
Trinity Health Of New England Corporation Inc is located in Hartford, CT. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Trinity Health Of New England Corporation Inc employed 9,375 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Health Of New England Corporation 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 09/2023, Trinity Health Of New England Corporation Inc generated $231.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $239.0m during the year ending 09/2023. While expenses have increased by 11.3% per year over the past 7 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 2017, Trinity Health Of New England Corporation Inc has awarded 136 individual grants totaling $3,738,347. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED IN 1997, TRINITY HEALTH OF NEW ENGLAND IS LOCATED IN HARTFORD, CT AND IS THE SOLE MEMBER OF FIVE NONPROFIT HOSPITAL ORGANIZATIONS. TRINITY HEALTH OF NEW ENGLAND HAS DEVELOPED AN ADMINISTRATIVE ORGANIZATIONAL STRUCTURE TO INTEGRATE THESE NONPROFIT HOSPITALS AND OTHER SUBSIDIARIES. THE ACTIVITY WITHIN THE ORGANIZATION INCLUDES INTEGRATION OF INFORMATION SYSTEMS, FINANCE, MARKETING, BUSINESS DEVELOPMENT, LEGAL, COMPLIANCE AND OTHER ADMINISTRATIVE FUNCTIONS WITH THE GOAL OF REDUCING OVERALL COSTS TO THE MEMBER ORGANIZATIONS. TRINITY HEALTH OF NEW ENGLAND IS AN INTEGRATED HEALTH CARE DELIVERY SYSTEM COMPRISED OF WORLD-CLASS PROVIDERS AND FACILITIES DEDICATED TO THE FULL SPECTRUM OF PREVENTATIVE, ACUTE, AND POST-ACUTE CARE, ALL DELIVERED WITH THE TRIPLE AIM OF BETTER HEALTH, BETTER CARE AND LOWER COSTS FOR OUR PATIENT POPULATIONS. IN NEW ENGLAND, OUR HOSPITALS, WALK-IN CLINICS, MEDICAL OFFICES, SPECIALIZED FACILITIES, AFFILIATED INSTITUTIONS, AND FOUNDATIONS SERVE A POPULATION OF NEARLY 3 MILLION PEOPLE. AS A DYNAMIC PART OF TRINITY HEALTH, ONE OF THE NATION'S LARGEST MULTI-INSTITUTIONAL CATHOLIC HEALTH CARE DELIVERY SYSTEMS, TRINITY HEALTH OF NEW ENGLAND IS UNIQUELY POSITIONED TO ADVANCE HEALTH CARE THROUGH ALLIANCES WITH THE UNIVERSITY OF CONNECTICUT SCHOOL OF MEDICINE, THE FRANK H. NETTER MD SCHOOL OF MEDICINE AT QUINNIPIAC UNIVERSITY, AND THROUGH OUR OWN RESEARCH INSTITUTIONS DEDICATED TO THE DEVELOPMENT OF PRIMARY CARE, NEW TREATMENTS FOR CANCER AND MULTIPLE SCLEROSIS, AND MUCH MORE. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.TRINITYHEALTHOFNE.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Eadie MD Former Officer; Trinity Health SVP | 0 | $0 | |
Syed Hussain MD Chief Clinical And Chwb Executive | Officer | 53 | $0 |
Montez Carter Director; President/ceo As Of 10/22 | OfficerTrustee | 50 | $0 |
David Bittner Fmr Offr;trinity Health SVP Thr 6/23 | 0 | $0 | |
Emily Brower Director; Trinity SVP Clinical Intg | Trustee | 1 | $0 |
Robert Anthony Secretary; VP Managing Counsel | Officer | 43 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilsonhcg Temp Staffing | 9/29/23 | $1,402,857 |
Logixhealth Inc Coding Services | 9/29/23 | $1,116,092 |
Chimenet Inc It Services | 9/29/23 | $1,029,517 |
Windstream Enterprise It Services | 9/29/23 | $868,247 |
American Adjustment Bureau Collection Services | 9/29/23 | $844,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $227,193,969 |
| Investment income | $2,105,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$123,470 |
| Net Gain/Loss on Asset Sales | $1,776,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,952,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,223 |
| 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. | $2,544,165 |
| Compensation of current officers, directors, key employees. | $2,544,165 |
| Compensation to disqualified persons | $1,463,244 |
| Other salaries and wages | $56,275,360 |
| Pension plan accruals and contributions | $8,210,080 |
| Other employee benefits | $1,012,365 |
| Payroll taxes | $3,241,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $524,900 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $158,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $173,849 |
| Fees for services: Other | $26,383,468 |
| Advertising and promotion | $4,237,377 |
| Office expenses | $16,505,128 |
| Information technology | $70,513,485 |
| Royalties | $0 |
| Occupancy | $728,247 |
| Travel | $230,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,893 |
| Interest | $652,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,348,437 |
| Insurance | $0 |
| All other expenses | $166,746 |
| Total functional expenses | $239,038,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,603,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $703,958 |
| Net Land, buildings, and equipment | $8,889,287 |
| Investments—publicly traded securities | $25,291,698 |
| Investments—other securities | $9,288,676 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460,149,436 |
| Total assets | $558,926,740 |
| Accounts payable and accrued expenses | $105,405,788 |
| 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 | $472,249,444 |
| Total liabilities | $577,655,232 |
| Net assets without donor restrictions | -$18,728,492 |
| Net assets with donor restrictions | $0 |
| 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 | $558,926,740 |
Grants Awarded
Over the last fiscal year, Trinity Health Of New England Corporation Inc has awarded $107,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE HARTFORD ROMAN CATHOLIC DIOCESAN CORP PURPOSE: MALTA HOUSE OF CARE | $84,000 |
SPIRIT OF SPRINGFIELD PURPOSE: ARMY BAND HOLIDAY CONCERT AND NATIVITY DISPLAY | $23,000 |