Yale New Haven Hospital
- Assets
- $4.2b
- Revenue
- $3.3b
- Investments
- $763.6m
- Employees
- 15,210
- Location
- New Haven, CT
- Founding
- 11/1966
- Data as of
- 09/2019
- EIN
- 06-0646652
Organization Overview
Yale New Haven Hospital is located in New Haven, CT. The organization was established in 1966. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Yale New Haven Hospital employed 15,210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Yale New Haven Hospital generated $3.3b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.0b during the year ending 09/2019. While expenses have increased by 3.1% per year over the past 5 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.
Since 2015, Yale New Haven Hospital has awarded 89 individual grants totaling $23,722,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abe Lopman Sr. VP (current Yr Comp) | Officer | 40 | $773,559 |
Richard D'aquila President/trustee (vested Deferred) | OfficerTrustee | 32 | $1,305,981 |
Marna Borgstrom Ceo/trustee | OfficerTrustee | 24 | $1,874,584 |
Kevin Walsh VP (current Yr Comp) | Officer | 40 | $614,765 |
Cynthia Sparer Sr. VP | Officer | 38 | $1,086,585 |
Keith Churchwell Sr. VP | Officer | 40 | $1,033,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nursefindersinc Staffing | 9/29/19 | $15,734,380 |
American Medical Response Ambulance Services | 9/29/19 | $5,020,769 |
Rtd Logistics Llc Courier Services | 9/29/19 | $4,017,343 |
Unitex Textile Rental Laundering Service | 9/29/19 | $7,947,100 |
Vizient Consulting Services | 9/29/19 | $5,602,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,998,592 |
| Investment income | $40,762,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$765,901 |
| Net Gain/Loss on Asset Sales | $35,604,983 |
| Net Income from Fundraising Events | -$977,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,266,220,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,585,292 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,789,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $940,764,021 |
| Pension plan accruals and contributions | $71,481,297 |
| Other employee benefits | $24,993,503 |
| Payroll taxes | $70,806,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500,507 |
| Fees for services: Accounting | $31,048 |
| Fees for services: Lobbying | $591,010 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $914,419,044 |
| Advertising and promotion | $703,947 |
| Office expenses | $744,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,205,521 |
| Travel | $3,391,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,093,684 |
| Payments to affiliates | $12,541,448 |
| Depreciation, depletion, and amortization | $108,501,566 |
| Insurance | $35,676,210 |
| All other expenses | $0 |
| Total functional expenses | $3,007,841,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,162,374 |
| Savings and temporary cash investments | $251,772,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $457,781,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,753,629 |
| Prepaid expenses and deferred charges | $58,542,766 |
| Investments—publicly traded securities | $1,200,287,370 |
| Investments—other securities | $763,560,645 |
| Investments—program-related | $0 |
| Intangible assets | $45,023,622 |
| Other assets | $249,531,068 |
| Total assets | $4,163,506,332 |
| Accounts payable and accrued expenses | $462,165,221 |
| Grants payable | $0 |
| Deferred revenue | $38,029,375 |
| Tax-exempt bond liabilities | $95,839,836 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $282,432,003 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,170,592,404 |
| Total liabilities | $2,049,058,839 |
| Net assets without donor restrictions | $1,992,286,006 |
| Net assets with donor restrictions | $73,621,103 |
| Capital stock or trust principal, or current funds | $48,540,384 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,114,447,493 |
Grants Awarded
Over the last fiscal year, Yale New Haven Hospital has awarded $6,489,722 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NEW HAVEN PURPOSE: COMMUNTY BENEFIT DEV | $5,817,722 |
New Haven, CT PURPOSE: SPONSORSHIP | $275,000 |
New Haven, CT PURPOSE: SUPPORT MISSION | $140,000 |
New Haven, CT PURPOSE: SUPPORT MISSION | $70,000 |
New Haven, CT PURPOSE: SUPPORT MISSION | $45,000 |
New York, NY PURPOSE: SUPPORT MISSION | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Yale New Haven Hospital has recieved totaling $109,464.
| Awarding Organization | Amount |
|---|---|
Garrett B Smith Foundation Greenwich, CT PURPOSE: GENERAL FUND | $60,383 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,764 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $12,317 |
Endowment Analysis
| Beg. Balance | $94,188,000 |
| Earnings | $1,616,525 |
| Net Contributions | $100,200 |
| Other Expense | $4,756,915 |
| Ending Balance | $91,147,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $257,027,660 | $1,088,662,930 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,525,942,190 | $973,165,902 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
United Health Services Hospitals Inc Binghamton, NY | $533,025,832 | $753,385,541 |
Danbury Hospital Danbury, CT | $844,564,145 | $741,874,050 |
Good Samaritan Hosptial Medical Center West Islip, NY | $554,454,888 | $725,153,169 |
White Plains Hospital Medical Center White Plains, NY | $952,708,482 | $759,244,839 |
South Shore Hospital Inc South Weymouth, MA | $833,708,503 | $747,772,833 |
St Josephs Hospital Health Center Syracuse, NY | $474,387,158 | $606,451,721 |