Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $68,116

• 1e · Government grants (contributions)

  $1,246,219

• 1f · All other contributions, gifts and grants

  $503,986

• 1g · Noncash contributions included above

  $322,527

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $231,120,116 · related or exempt $228,168,667 · unrelated business $2,951,449

• 2b · Program service revenue: OTHER PROGRAM SERVICES

  total $11,152,991 · related or exempt $11,152,991

• 2c · Program service revenue: STATE SUPPLEMENTAL REVENUE

  total $10,219,512 · related or exempt $10,219,512

• 2d · Program service revenue: TUITION/EDUCATION REVENUE

  total $710,625 · related or exempt $710,625

• 3 · Investment income

  total $2,051,625 · excluded $2,051,625

• 6a · Gross rents

  real property $367,951

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $367,951

• 6d · Net rental income or loss

  total $367,951 · excluded $367,951

• 7a · Gross sales of assets other than inventory

  securities $5,469,018

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

  securities $5,588,147

• 7c · Gain or loss

  securities -$119,129

• 7d · Net gain or loss

  total -$119,129 · excluded -$119,129

• 11a · Other revenue: CAFETERIA INCOME

  total $1,218,848 · excluded $1,218,848

• 11b · Other revenue: REBATES

  total $799,901 · related or exempt $799,901

• 11c · Other revenue: OTHER INCOME

  total $780,254 · related or exempt $729,530 · unrelated business $50,724

• 11d · All other revenue

  total $372,249 · excluded $372,249

• 11e · Other revenue, total

  $3,171,252

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $214,688 · program services $214,688

• 2 · Grants to domestic individuals

  total $47,557 · program services $47,557

• 5 · Compensation of officers, directors and key employees

  total $2,743,158 · program services $501,047 · management and general $2,242,111

• 7 · Other salaries and wages

  total $99,044,717 · program services $85,396,369 · management and general $13,648,348

• 8 · Pension plan contributions

  total $188,534 · program services $152,402 · management and general $36,132

• 9 · Other employee benefits

  total $19,067,970 · program services $14,000,256 · management and general $5,067,714

• 10 · Payroll taxes

  total $8,036,436 · program services $5,863,817 · management and general $2,172,619

• 11b · Fees: legal

  total $457,862 · management and general $457,862

• 11c · Fees: accounting

  total $309,948 · management and general $309,948

• 11d · Fees: lobbying

  total $55,726 · management and general $55,726

• 11f · Fees: investment management

  total $52,448 · management and general $52,448

• 11g · Fees: other

  total $15,466,111 · program services $9,698,686 · management and general $5,767,425

• 12 · Advertising and promotion

  total $1,276,590 · program services $3,196 · management and general $1,273,394

• 13 · Office expenses

  total $5,140,530 · program services $3,685,670 · management and general $1,454,860

• 14 · Information technology

  total $2,134,220 · program services $151,995 · management and general $1,982,225

• 16 · Occupancy

  total $4,888,828 · program services $3,331,139 · management and general $1,557,689

• 17 · Travel

  total $1,494,871 · program services $1,325,945 · management and general $168,926

• 20 · Interest

  total $2,693,892 · program services $1,983,135 · management and general $710,757

• 22 · Depreciation, depletion and amortization

  total $7,090,391 · program services $5,532,702 · management and general $1,557,689

• 23 · Insurance

  total $694,413 · program services $592,674 · management and general $101,739

• 24a · Other expenses: MEDICAL & DRUG SUPPLIES

  total $39,684,912 · program services $39,668,810 · management and general $16,102

• 24b · Other expenses: STATE HOSPITAL TAX EXP

  total $13,884,194 · program services $13,884,194

• 24c · Other expenses: PHYSICIAN FEES

  total $4,979,267 · program services $2,344,716 · management and general $2,634,551

• 24d · Other expenses: BAD DEBTS

  total $2,764,992 · program services $2,764,992

• 24e · All other expenses

  total $11,334,928 · program services $7,748,035 · management and general $3,586,893

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,464 · end of year $1,464

• 2 · Savings and temporary cash investments

  beginning of year $27,734,199 · end of year $21,519,870

• 4 · Accounts receivable

  beginning of year $17,717,433 · end of year $21,039,292

• 8 · Inventories for sale or use

  beginning of year $2,290,904 · end of year $2,502,975

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,580,165 · end of year $2,811,364

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

  $187,340,710

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

  $106,378,372

• 10c · Land, buildings and equipment, net

  beginning of year $79,621,254 · end of year $80,962,338

• 11 · Investments: publicly traded securities

  beginning of year $29,774,737 · end of year $34,010,239

• 12 · Investments: other securities

  beginning of year $3,241,815 · end of year $3,416,799

• 13 · Investments: program-related

  beginning of year $12,371,948 · end of year $13,086,880

• 15 · Other assets

  beginning of year $30,734,082 · end of year $27,864,777

• 17 · Accounts payable and accrued expenses

  beginning of year $38,477,930 · end of year $34,719,259

• 19 · Deferred revenue

  beginning of year $154,309 · end of year $411,743

• 20 · Tax-exempt bond liabilities

  beginning of year $67,380,557 · end of year $66,977,472

• 23 · Secured mortgages and notes payable

  beginning of year $3,935,000 · end of year $2,765,000

• 25 · Other liabilities

  beginning of year $56,680,797 · end of year $48,765,923

• 27 · Net assets without donor restrictions

  beginning of year $32,252,907 · end of year $45,602,726

• 28 · Net assets with donor restrictions

  beginning of year $7,186,501 · end of year $7,973,875

The filer's explanations (Part III)

PART I, LINE 4B

PATRICK CHARMEL RECEIVED A PAYMENT FROM GRIFFIN HOSPITAL IN THE AMOUNT OF $3,218,342 IN LIEU OF A GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE PLAN. THIS GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE POLICY COMMENCED IN 2007 AND WAS DEVELOPED AS RESULT OF THE HOSPITAL'S DEFINED BENEFIT PENSION PLAN CAP OF EARNINGS AT THIS TIME. THE POLICY WAS CONSTRUCTED TO PROVIDE MR. CHARMEL WITH THE EQUIVALENT PENSION PLAN BENEFIT PAYMENTS AS COMPARED TO ALL OTHER DEFINED BENEFIT PLAN PARTICIPANTS.

PART I, LINE 7

FOR ALL INDIVIDUALS PAID DIRECTLY BY THE HOSPITAL, AT THE END OF THE YEAR, THE COMPENSATION COMMITTEE REVIEWS PERFORMANCE OF EACH INDIVIDUAL IN LINE WITH CERTAIN CRITERIA. BASED ON AN OVERALL REVIEW OF THEIR PERFORMANCE AND THEIR COMPENSATION, THE COMMITTEE RECOMMENDS A BONUS AMOUNT WHICH IS APPROVED BY THE BOARD OF DIRECTORS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GH VENTURES INC

  C · RENTAL REAL ESTATE · CT

• HEALTHCARE ALLIANCE INSURANCE CO LTD

  C · OFFSHORE CAPTIVE INSURANCE · CJ

• CT PRACTICE MANAGEMENT INC

  C · INACTIVE · CT