Vassar Health Connecticut Inc
- Assets
- $42.1m
- Revenue
- $49.4m
- Investments
- $0.0
- Employees
- 427
- Location
- Sharon, CT
- Founding
- 02/2019
- Data as of
- 09/2021
- EIN
- 81-5056290
Organization Overview
Vassar Health Connecticut Inc, operating under the name Sharon Hospital, is located in Sharon, CT. The organization was established in 2019. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Sharon Hospital employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon 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 09/2021, Sharon Hospital generated $49.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $65.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DESCRIPTION OF ORGANIZATION MISSION:BECOME THE PARTNER-IN-HEALTH FOR THE PEOPLE THROUGHOUT THE CORE REGIONS OF WESTERN CONNECTICUT AND THE HUDSON VALLEY OF NEW YORK THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT SERVICES: PATIENTS ADMITTED FOR ACUTE CARE - NUMBER OF PATIENTS 1,757; NUMBER OF PATIENT DAYS 5,722.OUTPATIENT SERVICES:EMERGENCY VISITS 9,063; OTHER OUTPATIENT VISITS/PROCEDURES 55,473.
INPATIENT PSYCHIATRIC SERVICES: PSYCHIATRIC PATIENTS ADMITTED FOR TREATMENT NUMBER OF PATIENTS 337; NUMBER OF PATIENT DAYS 4,893.
AFFILIATE DIGITAL HEALTH FOR SYSTEM HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Mcculloch Cno-Sharon & Putnam Hospitals | 40 | $223,541 | |
Dawn Woodruff Director Clinical Services | 40 | $176,304 | |
Irina M Prishchepova Registered Nurse | 40 | $169,535 | |
Molly L Jenks Director Surgical Services | 40 | $167,129 | |
Melissa G Braislin Director Of Rehab. Services | 40 | $165,060 | |
Mark K Hirko MD President Phc & Sharon Hospitals | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,960 |
| 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 | $10,960 |
| Total Program Service Revenue | $49,048,224 |
| Investment income | $3,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,444 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,443,431 |
| 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. | $278,923 |
| Compensation of current officers, directors, key employees. | $26,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,261,752 |
| Pension plan accruals and contributions | $934,320 |
| Other employee benefits | $4,146,011 |
| Payroll taxes | $1,730,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,928 |
| Fees for services: Accounting | $92,479 |
| Fees for services: Lobbying | $11,502 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,921 |
| Fees for services: Other | $936,805 |
| Advertising and promotion | $78,846 |
| Office expenses | $2,389,153 |
| Information technology | $1,381,105 |
| Royalties | $0 |
| Occupancy | $1,528,834 |
| Travel | $13,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,559 |
| Interest | $122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,932,989 |
| Insurance | $878,677 |
| All other expenses | $1,147,670 |
| Total functional expenses | $65,116,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,340,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,148,947 |
| Prepaid expenses and deferred charges | $475,470 |
| Net Land, buildings, and equipment | $24,277,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,795,650 |
| Other assets | $1,289,568 |
| Total assets | $42,119,488 |
| Accounts payable and accrued expenses | $6,766,383 |
| 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 | $51,641,881 |
| Total liabilities | $58,408,264 |
| Net assets without donor restrictions | -$16,322,890 |
| Net assets with donor restrictions | $34,114 |
| 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 | $42,119,488 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vassar Health Connecticut Inc has recieved totaling $90,311.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $24,811 |
Foundation For Community Health Inc Sharon, CT PURPOSE: Sustainable health care model study | $20,500 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerville Hospital Malden, MA | $0 | $117,584,400 |
The Winifred Masterson Burke Rehabilitation Hospital White Plains, NY | $156,280,492 | $126,645,002 |
Cayuga Medical Associates Pc Ithaca, NY | $9,424,563 | $97,237,418 |
Medical Care Of Queens Pc Westbury, NY | $21,678,110 | $91,754,608 |
Riverside Community Care Inc Dedham, MA | $58,699,955 | $95,150,404 |
South Nassau Communites Hospital Oceanside, NY | $45,244,502 | $90,458,185 |
University Associates In Obstetrics & Gynecology P C Stony Brook, NY | $4,022,809 | $92,008,924 |
Westchester Health Medical Pc Westbury, NY | $26,909,482 | $67,514,001 |
Montefiore Mount Vernon Hospital Mount Vernon, NY | $45,245,660 | $78,648,978 |
Vassar Health Connecticut Inc Sharon, CT | $42,119,488 | $49,443,431 |
Stony Brook Childrens Service University Faculty Practice Corp Stony Brook, NY | $5,785,790 | $65,452,488 |
Stony Brook Surgical Associates University Faculty Practice Corp Stony Brook, NY | $6,226,375 | $60,003,564 |