Griffin Hospital
- Assets
- $197.4m
- Revenue
- $208.6m
- Investments
- $3.7m
- Employees
- 2,081
- Location
- Derby, CT
- Founding
- 03/1937
- Data as of
- 09/2020
- EIN
- 06-0647014
Organization Overview
Griffin Hospital is located in Derby, CT. The organization was established in 1937. 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 09/2021, Griffin Hospital employed 2,081 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griffin 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 09/2020, Griffin Hospital generated $208.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $195.5m during the year ending 09/2020. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERSONALIZED, HUMANISTIC, CONSUMER-DRIVEN HEALTH CARE IN A HEALING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRIFFIN HOSPITAL IS AN ACUTE CARE HOSPITAL PROVIDING MEDICAL CARE TO PATIENTS IN COMMUNITIES SERVED, INCLUDING SUBSIDIZED CARE, CHARITY CARE, AND EDUCATIONAL SERVICES TO HEALTH PROFESSIONALS TO HELP PREPARE THE NEXT GENERATION OF CAREGIVERS.
PROVIDE PSYCHIATRIC SERVICES TO THE COMMUNITY ON AN OUTPATIENT BASIS.
PROVIDE CANCER RELATED RADIOLOGY SERVICES TO THE COMMUNITY.
PROVIDE HOSPICE SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick A Charmel Ceo/president, Bod Secretary/treasurer | OfficerTrustee | 45 | $689,282 |
Alexander S Balko Cfo/vp Finance | Officer | 40 | $393,960 |
Maria Dawe MD Trustee/physician (from 01/2021) | Trustee | 40 | $379,350 |
Kenneth J Dobuler MD Trustee/physician (resigned 01/2021) | Trustee | 40 | $317,246 |
Richard Daigle Chief Information Officer | Officer | 40 | $273,688 |
Todd Liu VP | Officer | 40 | $255,225 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jackson Lab Laborary Services | 9/29/21 | $31,671,999 |
Unidine Corp Food Service | 9/29/21 | $2,064,709 |
Quest Diagnostics Laborary Services | 9/29/21 | $1,592,227 |
Ascension Health Alliance Purchasing Consultants | 9/29/21 | $777,429 |
Bismark Construction Construction Services | 9/29/21 | $1,196,304 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,455,437 |
| Investment income | -$103,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,858 |
| Net Gain/Loss on Asset Sales | -$235,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,638,894 |
| Statement of Expenses | |
|---|---|
| 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. | $2,604,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,890,551 |
| Pension plan accruals and contributions | $363,221 |
| Other employee benefits | $17,195,645 |
| Payroll taxes | $5,751,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $173,983 |
| Fees for services: Accounting | $264,146 |
| Fees for services: Lobbying | $32,148 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,487 |
| Fees for services: Other | $10,604,719 |
| Advertising and promotion | $810,590 |
| Office expenses | $4,817,573 |
| Information technology | $1,145,169 |
| Royalties | $0 |
| Occupancy | $4,243,689 |
| Travel | $312,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,628,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,523,422 |
| Insurance | $2,787,156 |
| All other expenses | $0 |
| Total functional expenses | $195,522,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,458 |
| Savings and temporary cash investments | $40,564,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,350,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,733,893 |
| Prepaid expenses and deferred charges | $4,671,085 |
| Investments—publicly traded securities | $11,315,158 |
| Investments—other securities | $3,711,386 |
| Investments—program-related | $12,224,829 |
| Intangible assets | $0 |
| Other assets | $43,437,879 |
| Total assets | $197,418,922 |
| Accounts payable and accrued expenses | $35,029,782 |
| Grants payable | $0 |
| Deferred revenue | $5,221,242 |
| Tax-exempt bond liabilities | $72,233,856 |
| 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 | $93,758,317 |
| Total liabilities | $206,243,197 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$8,824,275 |
Grants Awarded
Over the last fiscal year, Griffin Hospital has awarded $401,852 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ANSONIA PURPOSE: ARMORY REFURBISHMENT | $247,852 |
Shelton, CT PURPOSE: COMMUNITY ASSISTANCE | $75,000 |
Derby, CT PURPOSE: COMMUNITY ASSISTANCE | $60,000 |
Ansonia, CT PURPOSE: COMMUNITY ASSISTANCE | $12,000 |
DERBY FIRE DEPARTMENT PURPOSE: COMMUNITY ASSISTANCE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Griffin Hospital has recieved totaling $363,117.
| Awarding Organization | Amount |
|---|---|
Hewitt Foundation Inc Wilmington, DE PURPOSE: ER OBSERVATION UNIT | $250,000 |
Connecticut Health Foundation Inc Hartford, CT PURPOSE: GENERAL SUPPORT | $50,000 |
A & A Cochran Trust Ua 14-1300631010 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,836 |
Breast Cancer Alliance Inc Greenwich, CT PURPOSE: BREAST CANCER RESEARCH | $14,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,919 |
The Aiello Charitable Foundation Inc Bridgeport, CT PURPOSE: UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $4,053,978 |
| Earnings | $237,256 |
| Ending Balance | $4,291,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |