Stamford Health Inc
- Assets
- $117.0m
- Revenue
- $10.8m
- Investments
- $13.3m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 11/1983
- Data as of
- 09/2021
- EIN
- 22-2476636
Organization Overview
Stamford Health Inc is located in Stamford, CT. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Health 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, Stamford Health Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. 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
STAMFORD HEALTH, INC. IS A SUPPORTING ORGANIZATION WHOSE MISSION IS TO SUPPORT ITS AFFILIATE ORGANIZATIONS: THE STAMFORD HOSPITAL, SHMG AND STAMFORD HEALTH FOUNDATION.
Describe the Organization's Program Activity:
PARENT ORGANIZATION THAT OVERSEES AND COORDINATES THE STAMFORD HOSPITAL AND AFFILIATED ENTITIES THAT PROVIDE A BROAD RANGE OF HEALTHCARE AND RELATED SERVICES TO THE COMMUNITIES OF FAIRFIELD COUNTY, CONNECTICUT AND ADJOINING COMMUNITIES IN WESTCHESTER COUNTY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen A Silard Pres. & CEO - Treasurer | OfficerTrustee | 2 | $0 |
Patrick Hackett Chairman | OfficerTrustee | 2 | $0 |
Michael Veillette Sr. VP Finance & CFO | Officer | 2 | $0 |
Jonathan Bailey Sr. VP Operations & COO | Officer | 2 | $0 |
Elaine Guglielmo Asst. Secretary | Officer | 2 | $0 |
Michael Ebright Shmg Director | Trustee | 2 | $0 |
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 | $889,964 |
| Investment income | $1,412,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,495,822 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,796,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,653 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,073 |
| Advertising and promotion | $0 |
| Office expenses | $29,350 |
| Information technology | $999 |
| Royalties | $0 |
| Occupancy | $1,045,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,469 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,465,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $556,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,770 |
| 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 | $91,302 |
| Net Land, buildings, and equipment | $555,015 |
| Investments—publicly traded securities | $93,052,872 |
| Investments—other securities | $13,346,652 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,284,719 |
| Total assets | $116,971,228 |
| Accounts payable and accrued expenses | $81,394 |
| Grants payable | $0 |
| Deferred revenue | $10,297 |
| 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 | $27,062,165 |
| Total liabilities | $27,153,856 |
| Net assets without donor restrictions | $87,409,878 |
| Net assets with donor restrictions | $2,407,494 |
| 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 | $116,971,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stamford Health Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Decker Weiss Family Foundation Inc Stamford, CT PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
United Health Services Inc Binghamton, NY | $30,125,980 | $10,935,942 |
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |
Albany Medical Center Saratoga Springs, NY | $8,508,389 | $8,765,103 |