Connecticut Hospital Association Trust
- Assets
- $4.1m
- Revenue
- $134.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wallingford, CT
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 06-6322583
Organization Overview
Connecticut Hospital Association Trust is located in Wallingford, CT. The organization was established in 1989. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Hospital Association Trust 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 12/2021, Connecticut Hospital Association Trust generated $134.2k 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 (11.8%) each year. All expenses for the organization totaled $216.2k during the year ending 12/2021. 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
PROVIDES NO-INTEREST LOANS, FINANCIAL AND TECHNICAL ASSISTANCE TO CT NON-PROFIT HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN PROGRAM TO ASSIST NOT-FOR-PROFIT, TAX-EXEMPT HOSPITALS AND HEALTH CARE ORGANIZATIONS TO IMPROVE THEIR ENERGY EFFICIENCY BY THE MAKING OF NO INTEREST LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald J Aroujo Trustee | Trustee | 1 | $0 |
Robert Sandler Trustee | Trustee | 1 | $0 |
Jennifer D Jackson Director | Trustee | 1 | $0 |
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 | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $5,858 |
| Investment income | $3,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $134,186 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $125,070 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $216,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,011 |
| Savings and temporary cash investments | $3,453,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $344,175 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,078,054 |
| Accounts payable and accrued expenses | $125,000 |
| 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 | $1,499,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,624,751 |
| Net assets without donor restrictions | $29,940 |
| Net assets with donor restrictions | $2,423,363 |
| 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 | $4,078,054 |
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|---|---|---|
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Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |
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Chenango Memorial Hospital Inc Norwich, NY | $77,155,015 | $89,278,874 |
New York Genome Center Inc New York, NY | $83,547,232 | $60,783,989 |
Fairview Hospital Pittsfield, MA | $83,701,809 | $83,351,337 |
Carthage Area Hospital Inc Carthage, NY | $40,819,042 | $74,478,680 |
Baystate Noble Hospital Corporation Westfield, MA | $55,567,412 | $68,736,479 |
Nicholas H Noyes Memorial Hospital Dansville, NY | $59,430,555 | $60,502,851 |