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Nonprofiteer
← STAMFORD HOSPITAL

Form 990 for tax year 2023

Filed by STAMFORD HOSPITAL.

Totals

Total revenue
$852,434,066
Total expenses
$846,682,438
Contributions and grants received
$13,621,242
Grants paid
$2,065,239
Program service revenue
$815,170,000
Investment income
$6,189,216
Other revenue
$17,453,608
Total assets, end of year
$1,274,188,331
Total liabilities, end of year
$702,492,857
Net assets or fund balances, end of year
$571,695,474
Program services expenses (Part IX)
$609,396,408
Management and general expenses
$234,048,350
Fundraising expenses
$3,237,680
Program service expenses (Part III)
$609,396,408

Program services were 72.0% 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.

  • 1c · Fundraising events

    $2,125,633

  • 1e · Government grants (contributions)

    $460,580

  • 1f · All other contributions, gifts and grants

    $11,035,029

  • 1g · Noncash contributions included above

    $422,828

  • 2a · Program service revenue: PATIENT REVENUE

    total $538,876,214 · related or exempt $538,876,214

  • 2b · Program service revenue: PHYSICIAN BILLING

    total $10,164,336 · related or exempt $10,164,336

  • 2c · Program service revenue: WELLNESS AND TRAINING

    total $1,961,870 · related or exempt $1,961,870

  • 2d · Program service revenue: MEDICARE/MEDICAID PAYMENT

    total $263,022,914 · related or exempt $263,022,914

  • 2e · Program service revenue: REFERENCE LAB INCOME

    total $1,144,666 · unrelated business $1,144,666

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $5,288,543 · unrelated business $14,694 · excluded $5,273,849

  • 6a · Gross rents

    real property $4,058,360

  • 6b · Less rental expenses

    real property $1,460,603

  • 6c · Rental income or loss

    real property $2,597,757 · personal property $0

  • 6d · Net rental income or loss

    total $2,597,757 · excluded $2,597,757

  • 7a · Gross sales of assets other than inventory

    securities $13,519,603

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

    securities $12,618,930

  • 7c · Gain or loss

    securities $900,673 · other assets $0

  • 7d · Net gain or loss

    total $900,673 · excluded $900,673

  • 8a · Fundraising events: gross income

    $222,350

  • 8a · Fundraising events: contributions included on line 1c

    $2,125,633

  • 8b · Fundraising events: direct expenses

    $547,547

  • 8c · Net income from fundraising events

    total -$325,197 · excluded -$325,197

  • 11a · Other revenue: PHARMACY - 340B

    total $4,100,070 · related or exempt $4,100,070

  • 11b · Other revenue: INTERCOMPANY STAFFING

    total $3,125,953 · related or exempt $3,125,953

  • 11c · Other revenue: Income On Beneficial Interest In Trust

    total $2,696,401 · related or exempt $2,696,401

  • 11d · All other revenue

    total $5,258,624 · related or exempt $4,999,889 · unrelated business $258,735 · excluded $0

  • 11e · Other revenue, total

    $15,181,048

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,065,239 · program services $2,065,239

  • 5 · Compensation of officers, directors and key employees

    total $6,332,610 · management and general $6,332,610

  • 7 · Other salaries and wages

    total $270,356,708 · program services $217,097,481 · management and general $52,376,169 · fundraising $883,058

  • 8 · Pension plan contributions

    total $13,765,927 · program services $10,801,097 · management and general $2,920,896 · fundraising $43,934

  • 9 · Other employee benefits

    total $16,510,320 · program services $12,954,417 · management and general $3,503,210 · fundraising $52,693

  • 10 · Payroll taxes

    total $22,079,252 · program services $17,323,943 · management and general $4,684,843 · fundraising $70,466

  • 11a · Fees: management

    total $2,296,418 · program services $1,119,119 · management and general $1,177,299

  • 11b · Fees: legal

    total $1,889,369 · program services $193,551 · management and general $1,695,818

  • 11c · Fees: accounting

    total $928,997 · program services $16,783 · management and general $912,214

  • 11g · Fees: other

    total $233,504,036 · program services $117,245,923 · management and general $116,003,210 · fundraising $254,903

  • 12 · Advertising and promotion

    total $6,329,841 · program services $4,825,643 · management and general -$179,764 · fundraising $1,683,962

  • 13 · Office expenses

    total $15,863,206 · program services $7,005,227 · management and general $8,822,995 · fundraising $34,984

  • 14 · Information technology

    total $12,655,058 · program services $801,405 · management and general $11,853,483 · fundraising $170

  • 16 · Occupancy

    total $37,463,828 · program services $22,774,969 · management and general $14,687,979 · fundraising $880

  • 17 · Travel

    total $231,932 · program services $83,776 · management and general $141,567 · fundraising $6,589

  • 19 · Conferences, conventions and meetings

    total $181,377 · program services $181,377

  • 20 · Interest

    total $33,019 · program services $33,019

  • 22 · Depreciation, depletion and amortization

    total $40,066,943 · program services $38,577,828 · management and general $1,489,115

  • 23 · Insurance

    total $12,181,287 · program services $12,103,131 · management and general $78,156

  • 24a · Other expenses: MEDICAL EXPENSES

    total $125,849,834 · program services $125,029,336 · management and general $820,498

  • 24b · Other expenses: SERVICE CONTRACTS

    total $15,631,249 · program services $14,247,569 · management and general $1,304,830 · fundraising $78,850

  • 24c · Other expenses: SUBSCRIPTIONS DUES MBRSHP

    total $5,103,411 · program services $3,603,942 · management and general $1,486,508 · fundraising $12,961

  • 24d · Other expenses: Dist To TSH Special Purpose

    total $3,737,881 · management and general $3,737,881

  • 24e · All other expenses

    total $1,624,696 · program services $1,311,633 · management and general $198,833 · fundraising $114,230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,811 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $95,249,135 · end of year $85,714,770

  • 3 · Pledges and grants receivable

    beginning of year $16,396,421 · end of year $18,309,144

  • 4 · Accounts receivable

    beginning of year $121,224,210 · end of year $131,078,028

  • 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

  • 8 · Inventories for sale or use

    beginning of year $20,747,579 · end of year $20,637,807

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,142,299 · end of year $14,614,261

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

    $1,303,389,142

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

    $704,201,955

  • 10c · Land, buildings and equipment, net

    beginning of year $574,420,720 · end of year $599,187,187

  • 11 · Investments: publicly traded securities

    beginning of year $215,696,291 · end of year $273,135,648

  • 12 · Investments: other securities

    beginning of year $7,964,458 · end of year $12,466,611

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $111,527,484 · end of year $119,044,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,760,050 · end of year $143,676,443

  • 19 · Deferred revenue

    beginning of year $2,549,479 · end of year $3,698,714

  • 20 · Tax-exempt bond liabilities

    beginning of year $410,746,333 · end of year $398,600,798

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $12,254,141 · end of year $12,372,898

  • 25 · Other liabilities

    beginning of year $95,494,087 · end of year $144,144,004

  • 27 · Net assets without donor restrictions

    beginning of year $441,151,766 · end of year $469,421,279

  • 28 · Net assets with donor restrictions

    beginning of year $94,463,552 · end of year $102,274,195

Mission and programs · 2023

Mission

TOGETHER WITH OUR PHYSICIANS WE PROVIDE A BROAD RANGE OF HIGH-QUALITY HEALTH AND WELLNESS SERVICES FOCUSED ON THE NEEDS OF OUR COMMUNITIES.

  • KEY OPERATING STATISTICS FOR THE YEAR ENDED 9/30/2024 INCLUDE: ADULT AND PEDIATRIC INPATIENTS CARED FOR AND DISCHARGED 16,190; BABIES BORN 2,321; TOTAL INPATIENT DAYS OF CARE PROVIDED 81,983; PATIENTS SEEKING CARE IN THE STAMFORD HOSPITAL EMERGENCY ROOM: ADMITTED FOR INPATIENT TREATMENT 8,974; TREATED AND RELEASED 51,891; TREATED AT TULLY IMMEDIATE CARE CENTER 27,075; SURGERIES PERFORMED AT THE HOSPITAL AND TULLY CENTER 14,234; RADIOLOGY PROCEDURES PERFORMED 263,521.

    Expenses $609,396,408 · Grants $2,065,239 · Revenue $830,092,313

As filed on the 2023 return.

Listed in Part VII

  • Kathleen Silard

    President & CEO

    Total calculated
    $2,008,332
    From this org
    $1,948,814
    From related orgs
    $0
    Other
    $59,518
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,539,186
    Bonus
    $360,828
    Other
    $48,800
    Deferred
    $18,720
    Nontaxable benefits
    $40,798
    Filer's total
    $2,008,332
  • 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
    $757,589
    From this org
    $684,826
    From related orgs
    $0
    Other
    $72,763
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $553,026
    Bonus
    $131,800
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $50,263
    Filer's total
    $757,589
  • 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
    $858,810
    From this org
    $0
    From related orgs
    $783,047
    Other
    $75,763
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,433 related
    Bonus
    $0
    Other
    $0 + $351,614 related
    Deferred
    $0 + $25,500 related
    Nontaxable benefits
    $0 + $50,263 related
    Filer's total
    $0 + $858,810 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
    $433,876
    From this org
    $0
    From related orgs
    $311,769
    Other
    $122,107
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,749 related
    Bonus
    $0 + $3,110 related
    Other
    $0 + $8,910 related
    Deferred
    $0 + $44,798 related
    Nontaxable benefits
    $0 + $77,309 related
    Filer's total
    $0 + $433,876 related
  • Elaine Guglielmo

    Termed - Sr. VP HR ganization Development

    Total calculated
    $592,697
    From this org
    $545,924
    From related orgs
    $0
    Other
    $46,773
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $523,244
    Bonus
    $22,680
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $16,773
    Filer's total
    $592,697
  • Elizabeth Longmore

    Sr. VP Operations, COO

    Total calculated
    $958,697
    From this org
    $825,255
    From related orgs
    $0
    Other
    $133,442
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $683,291
    Bonus
    $141,014
    Other
    $950
    Deferred
    $83,100
    Nontaxable benefits
    $50,342
    Filer's total
    $958,697
  • Michael Veillette

    Sr. VP FINANCE CFO

    Total calculated
    $1,055,799
    From this org
    $927,697
    From related orgs
    $0
    Other
    $128,102
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $774,968
    Bonus
    $150,117
    Other
    $2,612
    Deferred
    $95,830
    Nontaxable benefits
    $32,272
    Filer's total
    $1,055,799
  • Sal Mancino

    Sr. VP HR ganization Development

    Total calculated
    $598,932
    From this org
    $488,420
    From related orgs
    $0
    Other
    $110,512
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $381,790
    Bonus
    $105,712
    Other
    $918
    Deferred
    $59,750
    Nontaxable benefits
    $50,762
    Filer's total
    $598,932
  • Beth Davis

    Sr. VP General Counsel

    Total calculated
    $849,373
    From this org
    $746,501
    From related orgs
    $0
    Other
    $102,872
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $617,142
    Bonus
    $127,395
    Other
    $1,964
    Deferred
    $82,790
    Nontaxable benefits
    $20,082
    Filer's total
    $849,373
  • David Yuh MD

    Physician

    Total calculated
    $1,329,307
    From this org
    $1,231,064
    From related orgs
    $0
    Other
    $98,243
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,072,769
    Bonus
    $158,295
    Other
    $0
    Deferred
    $47,980
    Nontaxable benefits
    $50,263
    Filer's total
    $1,329,307
  • Michael Coady MD

    Chief of Cardiac Surgery

    Total calculated
    $937,076
    From this org
    $891,632
    From related orgs
    $0
    Other
    $45,444
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $821,504
    Bonus
    $70,128
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $15,444
    Filer's total
    $937,076
  • Rohit Bhalla MD

    Sr. VP-Clinical Affairs & Quality

    Total calculated
    $1,066,089
    From this org
    $985,926
    From related orgs
    $0
    Other
    $80,163
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $701,867
    Bonus
    $284,059
    Other
    $0
    Deferred
    $29,900
    Nontaxable benefits
    $50,263
    Filer's total
    $1,066,089
  • Todd Miller MD

    Chief Neuro Interv. Services

    Total calculated
    $1,072,084
    From this org
    $973,321
    From related orgs
    $0
    Other
    $98,763
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $902,126
    Bonus
    $71,195
    Other
    $0
    Deferred
    $48,500
    Nontaxable benefits
    $50,263
    Filer's total
    $1,072,084
  • Kevin Gage

    Termed - Sr. VP Finance CFO

    Total calculated
    $129,822
    From this org
    $129,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $129,822
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $129,822

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1a Tax indemnification and gross-up payments
PRESIDENT & CEO - KATHLEEN SILARD TAXABLE GROSS UP PAYMENT: $15,000
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
PRESIDENT & CEO - KATHLEEN SILARD MEMBERSHIP DUES: $33,800
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE OFFICERS NOTED BELOW RECEIVED PAYMENTS FROM A 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN OF THE LISTED AMOUNTS: KATHLEEN SILARD: $302,062 ROHIT BHALLA: $63,769 Elaine Guglielmo $71,925

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

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 INC

    501(c)(3) · PARENT · CT

    Directly controlled by NA

  • STAMFORD HEALTH MEDICAL GROUP INC

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

    Directly controlled by TSH

  • STAMFORD HEALTH PHARMACY LLC

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

    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.

  • 24 GROVE ST NEW CANAAN LLC

    RENTAL · CT · income -$40,628 · assets $652,698

    Directly controlled by TSH

  • 36 GROVE STREET NEW CANAAN LLC

    MEDICAL RENTAL · CT · income -$483,363 · assets $4,307,427

    Directly controlled by TSH

  • STAMFORD HEALTH OCCUPATIONAL HEALTH SERV

    OCCUPATIONAL · CT · income $258,735 · assets $0

    Directly controlled by TSH

  • PHYSICIAN ALLIANCE OF STAMFORD LLC

    MANAGEMENT · CT · income -$208,552 · assets $0

    Directly controlled by TSH

  • HEALTHSTAR INDEMINITY LLC

    SELF INSURANCE · VT · income $1,406,750 · assets $84,597,077

    Directly controlled by TSH

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202542269349303359

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