Saint Marys Hospital Inc
- Assets
- $301.2m
- Revenue
- $325.1m
- Investments
- $48.9m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 10/1977
- Data as of
- 09/2022
- EIN
- 06-0646844
Organization Overview
Saint Marys Hospital Inc is located in Hartford, CT. The organization was established in 1977. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Marys Hospital Inc 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 09/2022, Saint Marys Hospital Inc generated $325.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $321.9m during the year ending 09/2022. While expenses have increased by 3.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT MARY'S HOSPITAL IS A CATHOLIC, NOT-FOR-PROFIT, COMMUNITY TEACHING HOSPITAL THAT HAS BEEN SERVING PATIENTS IN WATERBURY, CT AND THE SURROUNDING COMMUNITIES SINCE 1909. SAINT MARY'S HOSPITAL IS PROUD TO OFFER A WIDE VARIETY OF MEDICAL SERVICES, EDUCATIONAL CLASSES, AND PATIENT RESOURCES. THE HOSPITAL ALSO HAS A LEVEL II TRAUMA CENTER; THE ONLY PEDIATRIC EMERGENCY CARE UNIT IN THE REGION; AWARD-WINNING CARDIAC AND STROKE CARE; AND ADVANCED SURGICAL SERVICES, INCLUDING DAVINCI ROBOTIC SURGERY SYSTEMS. AT SAINT MARY'S HOSPITAL, PATIENTS RECEIVE EXCEPTIONAL CARE THAT EXCELS IN QUALITY, VALUE AND SAFETY. PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/LOCATION/SAINT-MARY-S-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montez Carter Dir; Th Of Ne Pres/ceo As Of 10/22 | Trustee | 1 | $0 |
David Bittner Fmr Offr;trinity Health SVP Thr 6/23 | 0 | $0 | |
Emily Brower Director; Trinity SVP Clinical Intg | Trustee | 1 | $0 |
Robert Anthony Secretary; VP Managing Counsel | Officer | 1 | $0 |
Jennifer Schneider Treasurer; SVP And Regional CFO | Officer | 1 | $0 |
Catherine Spath MD Dir, Medical Staff Pres As Of 2/23 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hallmark Health Care Solutions Inc Staffing Services | 9/29/23 | $5,350,855 |
Sc Orthopedics Of New England Pc Health Care Services | 9/29/23 | $1,629,344 |
O & G Industries Inc Construction Services | 9/29/23 | $1,628,198 |
Woodland Anesthesiology Associates Pc Health Care Services | 9/29/23 | $1,619,766 |
Sone Health Health Care Services | 9/29/23 | $1,533,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $128,306 |
| Government grants | $2,862,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $779,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,770,969 |
| Total Program Service Revenue | $320,483,844 |
| Investment income | $57,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$345,519 |
| Net Gain/Loss on Asset Sales | -$475,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,619 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,143,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,856 |
| 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. | $1,772,545 |
| Compensation of current officers, directors, key employees. | $1,772,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,903,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,574,156 |
| Payroll taxes | $6,048,923 |
| Fees for services: Management | $822,604 |
| Fees for services: Legal | $58,608 |
| 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 | $23,727,938 |
| Advertising and promotion | $35,179 |
| Office expenses | $2,714,236 |
| Information technology | $60,606 |
| Royalties | $0 |
| Occupancy | $8,907,887 |
| Travel | $29,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,104 |
| Interest | $891,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,230,160 |
| Insurance | $2,319,190 |
| All other expenses | $5,872,426 |
| Total functional expenses | $321,912,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,753,356 |
| Savings and temporary cash investments | $1,632,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,519,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,477,619 |
| Prepaid expenses and deferred charges | $1,475,305 |
| Net Land, buildings, and equipment | $87,679,298 |
| Investments—publicly traded securities | $40,434,493 |
| Investments—other securities | $48,850,051 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,418,281 |
| Total assets | $301,239,768 |
| Accounts payable and accrued expenses | $41,207,464 |
| Grants payable | $0 |
| Deferred revenue | $3,864 |
| 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 | $44,405,423 |
| Total liabilities | $85,616,751 |
| Net assets without donor restrictions | $195,488,897 |
| Net assets with donor restrictions | $20,134,120 |
| 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 | $301,239,768 |
Grants Awarded
Over the last fiscal year, Saint Marys Hospital Inc has awarded $368,121 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF GREATER WATERBURY PURPOSE: TRANSFORMING COMMUNITIES INITIATIVE AND CORPORATE SPONSOR | $252,214 |
STAYWELL HEALTH CENTER PURPOSE: TRANSFORMING COMMUNITIES INITIATIVE | $93,357 |
CHAMBER OF COMMERCE OF GREATER WATERBURY FOUNDATION INC PURPOSE: VARIOUS COMMUNITY EVENT SUPPORT | $22,550 |