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Nonprofiteer
← STAMFORD HEALTH INC

Form 990 for tax year 2022

Filed by STAMFORD HEALTH INC.

Totals

Total revenue
$5,610,162
Total expenses
$1,465,941
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,112,323
Investment income
$4,497,839
Other revenue
$0
Total assets, end of year
$112,225,365
Total liabilities, end of year
$25,883,495
Net assets or fund balances, end of year
$86,341,870
Program services expenses (Part IX)
$1,286,863
Management and general expenses
$179,078
Fundraising expenses
$0
Program service expenses (Part III)
$1,286,863

Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL ACTIVITY

    total $1,112,323 · related or exempt $1,112,323

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,152,573 · unrelated business $96,641 · excluded $2,055,932

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $29,593,247

  • 7b · Less cost or other basis and sales expenses

    securities $27,247,981

  • 7c · Gain or loss

    securities $2,345,266 · other assets $0

  • 7d · Net gain or loss

    total $2,345,266 · excluded $2,345,266

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $19,653 · program services $19,653

  • 11c · Fees: accounting

    total $39,228 · management and general $39,228

  • 11g · Fees: other

    total $7,932 · program services $7,932 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $21,309 · program services $17,928 · management and general $3,381

  • 14 · Information technology

    total $953 · program services $953

  • 16 · Occupancy

    total $1,063,922 · program services $1,063,922

  • 22 · Depreciation, depletion and amortization

    total $176,475 · program services $176,475

  • 24a · Other expenses: ADMINISTRATIVE OVERHEAD

    total $98,077 · management and general $98,077

  • 24b · Other expenses: STATE AND FEDERAL TAXES

    total $34,992 · management and general $34,992

  • 24c · Other expenses: PURCHASED SERVICES

    total $3,400 · management and general $3,400

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $470,559 · end of year $825,812

  • 4 · Accounts receivable

    beginning of year $111,242 · end of year $48,932

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,763 · end of year $100,878

  • 10a · Land, buildings and equipment: cost or other basis

    $4,053,880

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,858,163

  • 10c · Land, buildings and equipment, net

    beginning of year $372,191 · end of year $195,717

  • 11 · Investments: publicly traded securities

    beginning of year $71,399,471 · end of year $92,169,014

  • 12 · Investments: other securities

    beginning of year $14,857,543 · end of year $11,095,900

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,463,267 · end of year $7,789,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,295 · end of year $0

  • 19 · Deferred revenue

    beginning of year $15,522 · end of year $15,292

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $23,314,386 · end of year $25,868,203

  • 27 · Net assets without donor restrictions

    beginning of year $70,016,339 · end of year $86,295,384

  • 28 · Net assets with donor restrictions

    beginning of year $2,407,494 · end of year $46,486

Mission and programs · 2022

Mission

STAMFORD HEALTH, INC. IS A SUPPORTING ORGANIZATION WHOSE MISSION IS TO SUPPORT ITS AFFILIATE ORGANIZATIONS: THE STAMFORD HOSPITAL, STAMFORD HEALTH MEDICAL GROUP, INC., AND STAMFORD HEALTH FOUNDATION.

Activities or mission (Part I)

STAMFORD HEALTH, INC. IS A SUPPORTING ORGANIZATION WHOSE MISSION IS TO SUPPORT ITS AFFILIATE ORGANIZATIONS: THE STAMFORD HOSPITAL, SHMG AND STAMFORD HEALTH FOUNDATION.

  • PARENT ORGANIZATION THAT OVERSEES AND COORDINATES THE STAMFORD HOSPITAL AND AFFILIATED ENTITIES THAT PROVIDE A BROAD RANGE OF HEALTHCARE AND RELATED SERVICES TO THE COMMUNITIES OF FAIRFIELD COUNTY, CONNECTICUT AND ADJOINING COMMUNITIES IN WESTCHESTER COUNTY, NEW YORK.

    Expenses $1,286,863 · Revenue $1,112,323

As filed on the 2022 return.

Listed in Part VII

  • Kathleen Silard

    President & CEO

    Total calculated
    $2,113,666
    From this org
    $0
    From related orgs
    $2,065,183
    Other
    $48,483
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,118,183 related
    Bonus
    $0 + $652,348 related
    Other
    $0 + $294,652 related
    Deferred
    $0 + $35,320 related
    Nontaxable benefits
    $0 + $13,163 related
    Filer's total
    $0 + $2,113,666 related

  • Chad Spooner

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Cheryl De Vonish

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Elizabeth Zea

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Enrique Chang

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • James Thomas

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lucy Galbraith

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Maher Madhoun MD

    PHYSICIAN Director

    Total calculated
    $674,252
    From this org
    $0
    From related orgs
    $626,431
    Other
    $47,821
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $557,946 related
    Bonus
    $0 + $55,313 related
    Other
    $0 + $13,172 related
    Deferred
    $0 + $37,408 related
    Nontaxable benefits
    $0 + $10,413 related
    Filer's total
    $0 + $674,252 related

  • Mallory Martino

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Matthew Dumas

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Diliberto

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Ebright MD

    Physician Director (SHMG)

    Total calculated
    $843,643
    From this org
    $0
    From related orgs
    $791,875
    Other
    $51,768
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,629 related
    Bonus
    $0 + $347,747 related
    Other
    $0 + $10,499 related
    Deferred
    $0 + $41,355 related
    Nontaxable benefits
    $0 + $10,413 related
    Filer's total
    $0 + $843,643 related

  • Patrick Hackett

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paul Giusti

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Shara Israel MD

    Physician Director (SHMG)

    Total calculated
    $393,887
    From this org
    $0
    From related orgs
    $310,515
    Other
    $83,372
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,005 related
    Bonus
    $0 + $18,424 related
    Other
    $0 + $3,086 related
    Deferred
    $0 + $63,077 related
    Nontaxable benefits
    $0 + $20,295 related
    Filer's total
    $0 + $393,887 related

  • Elaine Guglielmo

    Sr. VP HR ganization Development

    Total calculated
    $783,497
    From this org
    $0
    From related orgs
    $740,133
    Other
    $43,364
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,582 related
    Bonus
    $0 + $180,235 related
    Other
    $0 + $124,316 related
    Deferred
    $0 + $41,892 related
    Nontaxable benefits
    $0 + $1,472 related
    Filer's total
    $0 + $783,497 related

  • Elizabeth Longmore

    Sr. VP Operations, COO

    Total calculated
    $777,671
    From this org
    $0
    From related orgs
    $746,779
    Other
    $30,892
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,692 related
    Bonus
    $0 + $215,914 related
    Other
    $0 + $54,173 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $10,392 related
    Filer's total
    $0 + $777,671 related

  • Michael Veillette

    Sr. VP FINANCE CFO

    Total calculated
    $1,034,203
    From this org
    $0
    From related orgs
    $982,512
    Other
    $51,691
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $644,938 related
    Bonus
    $0 + $256,236 related
    Other
    $0 + $81,338 related
    Deferred
    $0 + $44,651 related
    Nontaxable benefits
    $0 + $7,040 related
    Filer's total
    $0 + $1,034,203 related

  • Jonathan Bailey

    Termed - Sr. VP Operations COO

    Total calculated
    $606,358
    From this org
    $0
    From related orgs
    $559,471
    Other
    $46,887
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $481,138 related
    Bonus
    $0
    Other
    $0 + $78,333 related
    Deferred
    $0 + $38,414 related
    Nontaxable benefits
    $0 + $8,473 related
    Filer's total
    $0 + $606,358 related

  • Kevin Gage

    Termed - Sr. VP Finance CFO

    Total calculated
    $127,542
    From this org
    $0
    From related orgs
    $127,542
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $127,542 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $127,542 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE OFFICERS NOTED BELOW HAD TAXABLE VESTED PROCEEDS IN A 457(F) NON-QULAIFIED DEFERED COMPENSATION PLAN OF THE LISTED AMOUNTS: MICHAEL VEILLETTE: $65,880 JONATHAN BAILEY: $52,016 ROHIT BHALLA, M.D.: $227,618 BETH DAVIS: $54,600 THE OFFICERS NOTED BELOW RECEIVED PAYMENTS FROM A 457(F) NON-QULAIFIED DEFERED COMPENSATION PLAN OF THE LISTED AMOUNTS: KATHLEEN SILARD: $218,009 ROHIT BHALLA, M.D.: $60,721 ELAINE GUGLIELMO: $106,858

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • STAMFORD HEALTH MEDICAL GROUP INC

    501(c)(3) · MEDICAL SERVICES · CT · controlled entity

    Directly controlled by TSH

  • THE STAMFORD HOSPITAL

    501(c)(3) · HOSPITAL · CT · controlled entity

    Directly controlled by SHI

  • STANFORD HEALTH PHARMACY LLC

    501(c)(3) · PHARMACY SERVICES · CT

    Directly controlled by TSH

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442279349303924

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