Griffin Health Services Corporation
- Assets
- $5.7m
- Revenue
- $700.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Derby, CT
- Founding
- 02/1985
- Data as of
- 09/2021
- EIN
- 22-2560257
Organization Overview
Griffin Health Services Corporation is located in Derby, CT. The organization was established in 1985. 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. Griffin Health Services Corporation 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, Griffin Health Services Corporation generated $700.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $634.5k during the year ending 09/2021. While expenses have increased by 1.3% 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
THE ORGANIZATION PROVIDES PHARMACY SERVICES TO HOSPITAL PATIENTS (SEE SCH. O).THE ORGANIZATION IS THE PARENT COMPANY OF THE GRIFFIN HOSPITAL, GRIFFIN FACULTY PHYSICIANS, INC., HEALTHCARE ALLIANCE INSURANCE COMPANY, LTD, GH VENTURES, INC., THE GRIFFIN HOSPITAL DEVELOPMENT FUND, INC., AND PLANETREE INTERNATIONAL, INC. THE ORGANIZATION ALSO PROVIDES PHARMACY SERVICES TO HOSPITAL PATIENTS AND OTHERS IN THE COMMUNITY.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES PHARMACY SERVICES TO HOSPITAL PATIENTS AND OTHERS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Andreana Director | OfficerTrustee | 0.23 | $0 |
Themis Klarides Second Vice Chairman | OfficerTrustee | 0.23 | $0 |
Kenneth Baldyga Immediate Past Chairman | OfficerTrustee | 0.23 | $0 |
John J Zaprzalka First Vice Chairman | OfficerTrustee | 0.23 | $0 |
George S Logan Third Vice Chairman | OfficerTrustee | 0.23 | $0 |
John W Betkoski III Chairman | OfficerTrustee | 0.23 | $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 | $0 |
| Investment income | $48,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $604,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,675 |
| 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 | $382,946 |
| Pension plan accruals and contributions | $14,138 |
| Other employee benefits | $79,110 |
| Payroll taxes | $29,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,610 |
| Fees for services: Other | $18,965 |
| Advertising and promotion | $0 |
| Office expenses | $80,654 |
| Information technology | $18,834 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $634,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $379,632 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $242,085 |
| Investments—publicly traded securities | $2,795,174 |
| Investments—other securities | $1,350,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,634 |
| Total assets | $5,707,496 |
| Accounts payable and accrued expenses | $298,357 |
| 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 | $123,164 |
| Total liabilities | $421,521 |
| Net assets without donor restrictions | $5,285,975 |
| 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 | $5,707,496 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Griffin Health Services Corporation has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archcare New York, NY | $38,938,250 | $96,013,711 |
Community Health Network Of Connecticut Inc Wallingford, CT | $47,159,954 | $74,626,520 |
Rpci Oncology Pc Buffalo, NY | $19,088,362 | $66,318,134 |
Vna Care Network Inc Worcester, MA | $8,603,953 | $48,842,380 |
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Western Connecticut Health Network Inc Danbury, CT | $607,496,068 | $32,480,212 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Coastal Medical Physicians Inc Providence, RI | $21,618,026 | $34,586,509 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |