Hartford Health Care Corporation is located in Hartford, CT. The organization was established in 1986. 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 09/2021, Hartford Health Care Corporation employed 3,447 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Health Care 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, Hartford Health Care Corporation generated $551.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $669.7m during the year ending 09/2021. While expenses have increased by 8.3% 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
HARTFORD HEALTHCARE'S MISSION IS TO IMPROVE THE HEALTH AND HEALING OF THE PEOPLE AND COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
HARTFORD HEALTHCARE CORPORATION (HHC) SERVES AS THE SUPPORTING ORGANIZATION OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM (THE "SYSTEM") THAT INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING ENTITIES: HARTFORD HOSPITAL, MIDSTATE MEDICAL CENTER, NATCHAUG HOSPITAL, INC., RUSHFORD CENTER, INC., THE HOSPITAL OF CENTRAL CONNECTICUT AT NEW BRITAIN GENERAL AND BRADLEY MEMORIAL, WINDHAM COMMUNITY MEMORIAL HOSPITAL, INC., THE WILLIAM W. BACKUS HOSPITAL, THE CHARLOTTE HUNGERFORD HOSPITAL AND SVMC HOLDINGS, INC., EACH OF WHICH ARE CONNECTICUT NONSTOCK CORPORATIONS THAT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE CODE AND AS PUBLIC CHARITIES UNDER 509(A)(1) OF THE CODE (COLLECTIVELY, THE "SUPPORTED ORGANIZATIONS"). THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED AND OPERATED ARE TO PROMOTE AND SUPPORT, DIRECTLY OR INDIRECTLY, THE INTERESTS AND PURPOSES OF THE SUPPORTED ORGANIZATIONS.HHC IS A FULLY INTEGRATED HEALTH SYSTEM THAT INCLUDES 4 COMMUNITY HOSPITALS, 2 ACUTE CARE AND 1 TERTIARY-CARE TEACHING HOSPITAL, THE STATE'S MOST EXTENSIVE BEHAVIORAL HEALTH NETWORK, A LARGE MULTISPECIALTY PHYSICIAN GROUP, A REGIONAL HOME CARE SYSTEM, AN ARRAY OF SENIOR CARE SERVICES, A LARGE PHYSICAL THERAPY AND REHABILITATION NETWORK AND AN ACCOUNTABLE CARE ORGANIZATION. THROUGH ITS INSTITUTE MODEL, THE HHC SYSTEM OFFERS HIGH STANDARDS OF CARE FOR CANCER, HEART AND VASCULAR SERVICES, NEUROSCIENCE, ORTHOPEDICS AND UROLOGY.HHC COLLABORATES WITH ITS SUPPORTED ORGANIZATIONS TO DEVELOP AND IMPLEMENT PROGRAMS TO IMPROVE THE FUTURE OF HEALTH CARE IN SOUTHERN NEW ENGLAND. THIS INCLUDES INITIATIVES TO IMPROVE THE QUALITY AND ACCESSIBILITY OF HEALTH CARE; CREATE EFFICIENCY IN INTERNAL OPERATIONS; AND PROVIDE PATIENTS WITH THE MOST TECHNICALLY ADVANCED AND COMPASSIONATE, COORDINATED CARE. THROUGH ITS SUPPORTED ORGANIZATIONS (HOSPITALS), THE CORPORATION WAS DESIGNED TO PROVIDE PATIENTS WITH MORE CONVENIENCE TO HEALTHCARE ACCESS IN THEIR LOCAL COMMUNITIES. THE HOSPITALS PROVIDE THESE NEEDED MEDICAL SERVICES TO ALL PATIENTS REGARDLESS OF THEIR ABILITIES TO PAY.HHC IS FURTHER INTEGRATING CARE, AND INCREASING ACCESS TO HIGH-QUALITY SERVICES, THROUGH ITS INSTITUTE MODEL. THE CORPORATION HAS ESTABLISHED THE HARTFORD HEALTHCARE CANCER INSTITUTE, THE FIRST IN THE NATION TO BE NAMED A MEMBER OF THE MEMORIAL SLOAN KETTERING CANCER ALLIANCE; THE BONE AND JOINT INSTITUTE; THE AYER NEUROSCIENCE INSTITUTE, WITH A RENOWNED HEADACHE CENTER AND MOVEMENT DISORDERS CENTER; THE HEART AND VASCULAR INSTITUTE; THE TALLWOOD UROLOGY AND KIDNEY INSTITUTE; AND THE BEHAVIORAL HEALTH NETWORK. OUR INSTITUTES PROVIDE CLINICAL SUPPORT, RESEARCH, AND EDUCATION FOR OUR PATIENTS, PHYSICIANS AND COMMUNITIES.THROUGH HARTFORD HOSPITAL, HHC PROVIDES THE STATE'S FIRST CRITICAL AIR HELICOPTER SERVICE, CALLED LIFE STAR. OUR LIFE STAR PROGRAM HAS BEEN AN INTEGRAL SERVICE FOR MORE THAN 35 YEARS. WITH NEARLY 37,171 FLIGHTS AND MORE THAN 46,800 PATIENTS SERVED, WE TAKE PRIDE IN KNOWING COUNTLESS LIVES HAVE BEEN SAVED THANKS TO OUR TALENTED CREW AND EXTRAORDINARY CAPABILITIES.AS A SYSTEM, HARTFORD HEALTHCARE, IS AN ECONOMIC ENGINE FOR THE STATE OF CONNECTICUT. WE ARE THE THIRD-LARGEST EMPLOYER IN THE STATE, AND OUR ONGOING INVESTMENT IN CAPITAL PROGRAMS AND PROJECTS PROVIDES JOBS, ENHANCES ACCESS TO CARE AND IMPROVES THE QUALITY OF LIFE FOR ALL STATE RESIDENTS.IN ALL, HARTFORD HEALTHCARE PROUDLY SERVES A MAJORITY OF CONNECTICUT'S CITIES AND TOWNS. THE CORPORATION WAS DESIGNED TO PROVIDE A HIGH DEGREE OF ACCESS TO QUALITY SERVICES, OFFERING PATIENTS, CUSTOMERS AND CLIENTS WITH COMPASSIONATE, COORDINATED CARE, CLOSE TO HOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Flaks Director, President & CEO | OfficerTrustee | 40 | $3,295,712 |
Charles Johnson Treasurer, Evp & CFO (thru Sept 21) | Officer | 40 | $1,637,844 |
Khalid Abbed SVP | Officer | 60 | $1,496,889 |
Michael Daglio Evp | Officer | 20 | $1,347,033 |
Vincent Dibattista SVP (thru July 2021) | Officer | 60 | $1,230,973 |
Jeffrey Cohen MD Evp | Officer | 60 | $1,154,707 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fip Construction Inc Construction Services | 9/29/21 | $19,551,364 |
Deloitte Consulting Llp Consulting Services | 9/29/21 | $16,626,664 |
Mintz & Hoke Inc Advertising Services | 9/29/21 | $13,864,857 |
Precision Computer Services Inc It Services | 9/29/21 | $9,993,479 |
Cdw Llc It Services | 9/29/21 | $7,761,823 |
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 | $563,501,763 |
Investment income | $809,609 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$12,686,936 |
Net Gain/Loss on Asset Sales | $15,988 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $551,640,424 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,557,596 |
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. | $28,175,476 |
Compensation of current officers, directors, key employees. | $2,102,183 |
Compensation to disqualified persons | $1,169,159 |
Other salaries and wages | $277,780,130 |
Pension plan accruals and contributions | $21,730,841 |
Other employee benefits | $16,738,716 |
Payroll taxes | $18,545,110 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,121,083 |
Fees for services: Accounting | $3,748,626 |
Fees for services: Lobbying | $705,625 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $279,680 |
Fees for services: Other | $13,213,690 |
Advertising and promotion | $20,020,525 |
Office expenses | $19,863,154 |
Information technology | $32,293,091 |
Royalties | $0 |
Occupancy | $6,646,051 |
Travel | $473,461 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $808,315 |
Interest | $12,399,510 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $69,511,257 |
Insurance | $1,342,635 |
All other expenses | $2,453,066 |
Total functional expenses | $669,698,187 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $67,752,590 |
Savings and temporary cash investments | $39,468,217 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,793,935 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $8,851,311 |
Inventories for sale or use | $16,947,683 |
Prepaid expenses and deferred charges | $27,229,335 |
Net Land, buildings, and equipment | $347,130,230 |
Investments—publicly traded securities | $0 |
Investments—other securities | $55,437,725 |
Investments—program-related | $892,652,891 |
Intangible assets | $63,644,458 |
Other assets | $1,126,527,676 |
Total assets | $2,668,436,051 |
Accounts payable and accrued expenses | $183,991,519 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $1,250,491,444 |
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 | $458,102,539 |
Total liabilities | $1,892,585,502 |
Net assets without donor restrictions | $659,911,482 |
Net assets with donor restrictions | $115,939,067 |
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 | $2,668,436,051 |
Over the last fiscal year, Hartford Health Care Corporation has awarded $33,980 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Hartford, CT PURPOSE: Sponsorship for the Talcott Mountain Festival to assist the organization's mission to provide live symphonic music to culturally enrich and inspire it's community. | $13,380 |
Vernon, CT PURPOSE: Sponsorship to assist in the organization's mission to provide food to the HVCC Food Pantry and to provide mental health counseling to those who may be suffering from emotional disorders. | $12,500 |
New Britain, CT PURPOSE: Sponsorship to assist in the organization's mission. New Britain Museum of American Art is dedicated to serving all people by pursuing excellence in art through collections, exhibitions, and education. | $8,100 |
Over the last fiscal year, we have identified 3 grants that Hartford Health Care Corporation has recieved totaling $115,373.
Awarding Organization | Amount |
---|---|
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $70,373 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: HEALTH | $25,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: COVID-19 | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |