Johnson Memorial Hospital Inc
- Assets
- $72.0m
- Revenue
- $86.9m
- Investments
- $5.7m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/2016
- Data as of
- 09/2021
- EIN
- 47-5676956
Organization Overview
Johnson Memorial Hospital Inc is located in Hartford, CT. The organization was established in 2016. 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. Johnson Memorial 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 09/2021, Johnson Memorial Hospital Inc generated $86.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $80.3m during the year ending 09/2021. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
JOHNSON MEMORIAL HOSPITAL IS A GENERAL, ACUTE-CARE FACILITY OFFERING A COMPREHENSIVE SPAN OF INPATIENT AND OUTPATIENT SERVICES TO THE RESIDENTS OF NORTH CENTRAL CONNECTICUT AND NEIGHBORING MASSACHUSETTS TOWNS. THE HOSPITAL PROVIDES MEDICAL AND SURGICAL CARE, OBSTETRICS, MENTAL HEALTH, EMERGENCY AND INTENSIVE CARE, ONCOLOGY, REHABILITATION, PAIN MANAGEMENT, AND MORE. THE HOSPITAL ACHIEVED THE MAXIMUM AWARD FOR ITS QUALITY OF CARE FROM THE JOINT COMMISSION, WHICH ACCREDITS HEALTH CARE ORGANIZATIONS.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHOFNE.ORG/LOCATION/JOHNSON-MEMORIAL-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Smith Dir,v Chair Thr 12/20; Chair At 1/21 | OfficerTrustee | 1 | $0 |
Joann Price Director; Vice Chair As Of 1/21 | OfficerTrustee | 1 | $0 |
Kevin O'connor Director, Chair Through 12/20 | OfficerTrustee | 1 | $0 |
Ian Tucker MD VP Med Affairs Thru 10/20; Physician | Officer | 50 | $0 |
Stuart Rosenberg President | Officer | 24 | $0 |
Guy Distefano VP Finance | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wheeler Clinic Crisis Workers | 9/29/21 | $323,620 |
Woodland Anesthesiology Associates Pc Health Care Services | 9/29/21 | $1,184,439 |
Mayo Collaborative Services Inc Lab Services | 9/29/21 | $543,807 |
Alliance Healthcare Services Health Care Services | 9/29/21 | $464,050 |
Northeast Emergency Medicine Specialists Physician Services | 9/29/21 | $321,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,320,695 |
| Government grants | $137,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,070,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,528,106 |
| Total Program Service Revenue | $82,603,487 |
| Investment income | $425,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $334,624 |
| Net Gain/Loss on Asset Sales | $241,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,869,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $1,390,479 |
| Compensation of current officers, directors, key employees. | $1,390,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,830,243 |
| Pension plan accruals and contributions | $541,201 |
| Other employee benefits | $2,113,992 |
| Payroll taxes | $1,442,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,962 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,899 |
| Fees for services: Other | $11,118,128 |
| Advertising and promotion | $5,631 |
| Office expenses | $382,681 |
| Information technology | $520 |
| Royalties | $0 |
| Occupancy | $3,381,336 |
| Travel | $3,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,852 |
| Interest | $644,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,806,725 |
| Insurance | $837,468 |
| All other expenses | $1,990,611 |
| Total functional expenses | $80,339,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,276,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,688,042 |
| Prepaid expenses and deferred charges | $433,803 |
| Net Land, buildings, and equipment | $27,583,121 |
| Investments—publicly traded securities | $16,682,325 |
| Investments—other securities | $5,650,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,726,580 |
| Total assets | $72,041,275 |
| Accounts payable and accrued expenses | $5,946,703 |
| 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 | $198,139 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,899,736 |
| Total liabilities | $41,044,578 |
| Net assets without donor restrictions | $23,286,705 |
| Net assets with donor restrictions | $7,709,992 |
| 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 | $72,041,275 |
Grants Awarded
Over the last fiscal year, Johnson Memorial Hospital Inc has awarded $11,020 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: GENERAL SUPPORT | $6,020 |
Enfield, CT PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Johnson Memorial Hospital Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $3,878,342 |
| Earnings | $748,943 |
| Ending Balance | $4,627,285 |
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 |