Connecticut Hospital Association Inc & Affiliates
- Assets
- $20.4m
- Revenue
- $10.7m
- Investments
- $2.9m
- Employees
- 55
- Location
- Wallingford, CT
- Founding
- 03/1944
- Data as of
- 04/2022
- EIN
- 06-0632049
Organization Overview
Connecticut Hospital Association Inc & Affiliates is located in Wallingford, CT. The organization was established in 1944. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 04/2022, Connecticut Hospital Association Inc & Affiliates employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Hospital Association Inc & Affiliates is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2022, Connecticut Hospital Association Inc & Affiliates generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $8.7m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCACY, REPRESENTATION & EDUCATION FOR HOSPITALS AND HEALTHCARE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ADVOCACY, REPRESENTATION, EDUCATION, AND DISSEMINATION OF INFORMATION TO ITS MEMBERS AND THE PUBLIC. THE ASSOCIATION ORGANIZES AND SUPPORTS OVER 40 MEETING GROUPS FOR 27 HOSPITALS AND OVER 100 OTHER INSTITUTIONAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Jackson President And CEO | OfficerTrustee | 17 | $963,343 |
John J Brady Cfo/vp, Strategic Planning | Officer | 17 | $473,950 |
James Iacobellis Senior Vp, Govt & Regulatory Affairs | Officer | 40 | $425,326 |
Paul Kidwell Senior Vp, Policy | Officer | 40 | $402,167 |
Anthony Dias Vp, Data Services | 3 | $384,324 | |
Mark Schaefer Vp, System Innovation And Financing | Officer | 40 | $373,878 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cox & Osowiecki Llc Legal | 4/29/22 | $588,703 |
Wiggin And Dana Llp Legal | 4/29/22 | $228,856 |
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 | $8,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,615 |
| Total Program Service Revenue | $10,736,246 |
| Investment income | $33,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$43,772 |
| 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 | $10,735,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,146,804 |
| 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. | $3,327,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,895,791 |
| Pension plan accruals and contributions | $9,356 |
| Other employee benefits | $345,992 |
| Payroll taxes | $296,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $688,293 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $889,682 |
| Advertising and promotion | $10,035 |
| Office expenses | $78,477 |
| Information technology | $895,763 |
| Royalties | $0 |
| Occupancy | $417,191 |
| Travel | $4,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,822 |
| Interest | $153,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,333 |
| Insurance | $233,107 |
| All other expenses | -$2,816,201 |
| Total functional expenses | $8,701,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $12,539,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,301,933 |
| Loans from Officers, Directors, or Controlling Persons | $515,914 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,967 |
| Net Land, buildings, and equipment | $47,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,895,410 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,376,618 |
| Accounts payable and accrued expenses | $2,247,233 |
| Grants payable | $0 |
| Deferred revenue | $10,844,518 |
| 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 | $9,793,357 |
| Total liabilities | $22,885,108 |
| Net assets without donor restrictions | -$2,508,490 |
| 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 | $20,376,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Health & Hospital Assoc Inc Burlington, MA | $18,521,791 | $10,974,960 |
N H C C Medical Associates Inc Newport, RI | $442,975 | $8,120,804 |
Connecticut Hospital Association Inc & Affiliates Wallingford, CT | $20,376,618 | $10,735,493 |
Massachusetts Dental Society Southborough, MA | $16,206,849 | $7,845,632 |
New York County Health Services Review Organizations Inc New York, NY | $23,529,408 | $5,159,805 |
Medical Society Of The State Of New York Westbury, NY | $23,626,898 | $6,678,439 |
Coastal Medical Associates Inc South Weymouth, MA | $4,039,266 | $5,719,679 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Massachusetts Senior Care Association Inc Easton, MA | $2,585,686 | $3,605,157 |
National Student Nurses Association Brooklyn, NY | $3,483,994 | $2,719,643 |
Oset Inc Stamford, CT | $2,647,627 | $3,136,754 |
Anticoagulation Forum Inc Newton Highlands, MA | $4,432,345 | $2,421,273 |