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Nonprofiteer
← BRISTOL HOSPITAL AND HEALTH CARE GROUP INC

Form 990 for tax year 2023

Filed by BRISTOL HOSPITAL AND HEALTH CARE GROUP INC.

Totals

Total revenue
$4,587,801
Total expenses
$6,029,618
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,587,801
Investment income
$0
Other revenue
$0
Total assets, end of year
-$34,740,595
Total liabilities, end of year
$4,605,595
Net assets or fund balances, end of year
-$39,346,190
Program services expenses (Part IX)
$6,017,891
Management and general expenses
$11,727
Fundraising expenses
$0
Program service expenses (Part III)
$6,017,891

Program services were 99.8% 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: PHARMACY REVENUE

    total $4,587,801 · related or exempt $4,587,801

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $49,995 · program services $49,995

  • 11g · Fees: other

    total $1,030,018 · program services $1,030,018

  • 13 · Office expenses

    total $53,207 · program services $50,070 · management and general $3,137

  • 16 · Occupancy

    total $4,761 · program services $3,666 · management and general $1,095

  • 22 · Depreciation, depletion and amortization

    total $27,759 · program services $20,264 · management and general $7,495

  • 24a · Other expenses: PHARMACEUTICALS

    total $4,863,738 · program services $4,863,738

  • 24b · Other expenses: LICENSES/FEES

    total $140 · program services $140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,981 · end of year $214,387

  • 4 · Accounts receivable

    beginning of year $206,362 · end of year $656,913

  • 8 · Inventories for sale or use

    end of year $707,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,556 · end of year $3,129

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

    $487,372

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

    $83,327

  • 10c · Land, buildings and equipment, net

    beginning of year $431,786 · end of year $404,045

  • 13 · Investments: program-related

    beginning of year -$29,233,789 · end of year -$36,726,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,838 · end of year $460,910

  • 25 · Other liabilities

    beginning of year $2,097,108 · end of year $4,144,685

  • 27 · Net assets without donor restrictions

    beginning of year -$40,465,984 · end of year -$50,691,512

  • 28 · Net assets with donor restrictions

    beginning of year $9,600,934 · end of year $11,345,322

Mission and programs · 2023

Mission

BRISTOL HOSPITAL AND HEALTH CARE GROUP IS COMMITTED TO ENHANCING THE HEALTH AND WELL-BEING OF OUR COMMUNITY. WE WILL PROVIDE SAFE, QUALITY CARE AND SERVICES TO OUR PATIENTS THROUGH OUR CONTINUUM OF SERVICES AND HEALTH PROMOTION. WE WILL COLLABORATE WITH HEALTH PROFESSIONALS AND OTHER ORGANIZATIONS AS ADVOCATES FOR OUR COMMUNITY. WE WILL PROVIDE THE OPPORTUNITY FOR GROWTH TO OUR MEDICAL STAFF AND EMPLOYEES IN AN ENVIRONMENT WHERE EACH INDIVIDUAL IS RESPECTED AND VALUED.

Activities or mission (Part I)

PARENT OF ORGANIZATIONS PROVIDING QUALITY HEALTHCARE TO THE GREATER BRISTOL COMMUNITY.

  • HEALTHCARE PARENT COMPANY FOR BRISTOL HOSPITAL, INC., BRISTOL HOSPITAL MULTISPECIALTY GROUP, INC., BRISTOL HEALTH CARE, INC., BRISTOL HOSPITAL DEVELOPMENT FOUNDATION, INC., BRISTOL HOSPITAL EMS, LLC, BRISTOL HOME CARE AND HOSPICE AGENCY, INC., AND BRISTOL HEALTH PHARMACY, LLC. BRISTOL HEALTH OPENED A RETAIL PHARMACY IN FY 2021 TO PROVIDE A MORE CONVENIENT ACCESS FOR PRESCRIPTION AND OVER THE COUNTER DRUGS TO OUR PATIENTS.

    Expenses $6,017,891 · Revenue $4,587,801

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KURT BARWIS

    PRESIDENT, CEO & CFO

    Total calculated
    $687,770
    From this org
    $0
    From related orgs
    $650,032
    Other
    $37,738
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,032 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,424 related
    Nontaxable benefits
    $0 + $24,314 related
    Filer's total
    $0 + $687,770 related

  • JOHN LODOVICO JR

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • LOUIS AULETTA JR

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • LEXIE MANGUM

    SECRETARY/TREAS. (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • IRENE BASSOCK

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • JARRE BETTS

    DIRECTOR (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • LISA CASEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • YONG-SUNG CHYUN MD

    DIRECTOR (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • MICHAEL HEIMBACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • KATARZYNA LESSARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • JOSEPH LOCKWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • BRADFORD MEACHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • CLIFF STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • KEITH ELDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • CHRIS ANN MEANEY

    SVP, PRESIDENT, BHMG

    Total calculated
    $331,607
    From this org
    $0
    From related orgs
    $330,377
    Other
    $1,230
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,230 related
    Filer's total
    $0 + $331,607 related

  • TIM AJAYI

    VP, CFO

    Total calculated
    $321,945
    From this org
    $0
    From related orgs
    $284,958
    Other
    $36,987
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,958 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,861 related
    Nontaxable benefits
    $0 + $28,126 related
    Filer's total
    $0 + $321,945 related

  • CHRISTINE LAPRISE

    VICE PRESIDENT, OPERATIONS

    Total calculated
    $283,633
    From this org
    $0
    From related orgs
    $261,634
    Other
    $21,999
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,634 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,999 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $283,633 related

  • JENNY CINQUEMANI

    ASST. VICE PRESIDENT & CNO

    Total calculated
    $44,381
    From this org
    $0
    From related orgs
    $43,299
    Other
    $1,082
    Hours/week
    0 + 40 related

  • ANDREW LIM MD

    MEDICAL DIRECTOR

    Total calculated
    $436,305
    From this org
    $0
    From related orgs
    $435,923
    Other
    $382
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,923 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $382 related
    Filer's total
    $0 + $436,305 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)

PART I, LINE 3
KURT BARWIS, THE ORGANIZATION'S PRESIDENT, CEO AND CFO, IS COMPENSATED BY A RELATED ORGANIZATION, BRISTOL HOSPITAL, INC., WHICH USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
BRISTOL HOSPITAL PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO ITS CHIEF EXECUTIVE OFFICER ("CEO") THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "LOAN-REGIME SPLIT-DOLLAR" ("LRSD"). ALTHOUGH THE IRS REQUIRES LRSD TO COMPLY WITH THE TAX PRINCIPLES OF A LOAN FOR FEDERAL INCOME TAX PURPOSES (IRC 7872), LRSD IS NOT AN ACTUAL LOAN. NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS (SUBJECT TO VESTING REQUIREMENTS AND POLICY INVESTMENT PERFORMANCE), BRISTOL HOSPITAL RECOVERS ALL ITS OUTLAYS PLUS A MARKET RATE OF INTEREST. AS WITH AN EMPLOYER-EMPLOYEE LOAN, AND CONSISTENT WITH THE 2003 FINAL REGULATIONS AND IRC 7872, THE PLAN IS NON-COMPENSATORY TO THE PARTICIPATING EXECUTIVE, AS THE LOAN IS REPAID PLUS INTEREST UPON THE DEATH OF THE EXECUTIVE. UNDER THE REGULATIONS, THERE IS NO COMPENSATION IMPUTED TO THE EXECUTIVE. THE BRISTOL HOSPITAL LRSD PLAN WORKS AS FOLLOWS. BRISTOL HOSPITAL DEPOSITED FUNDS DIRECTLY INTO CASH VALUE LIFE INSURANCE POLICIES ON THE CEO'S LIFE. DURING LIFE, TO THE EXTENT THE CEO FULFILLS SERVICE AND VESTING REQUIREMENTS, THE CEO CAN BORROW AGAINST VALUES IN THE POLICIES TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE CEO'S BORROWING RIGHTS COULD BE REDUCED TO PROTECT BRISTOL HOSPITAL'S RECOVERY RIGHTS. AT THE CEO'S DEATH, THE POLICY DEATH PROCEEDS ARE FIRST USED TO REPAY BRISTOL HOSPITAL'S DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE). THE CEO'S BENEFICIARY THEN RECEIVES ANY PROJECTED RETIREMENT BORROWING NOT ACCESSED DURING LIFE. SEVERAL EXECUTIVES PARTICIPATE IN THE HOSPITAL'S 457(F) DEFINED CONTRIBUTION PLAN, HOWEVER, NO CONTRIBUTIONS WERE MADE BY THE ORGANIZATION DURING THE YEAR. THE FOLLOWING INDIVIDUALS MAY RECEIVE CONTRIBUTIONS BY THE ORGANIZATION UNDER THE PLAN: CHRIS ANN MEANEY, CHRISTINE LAPRISE, AND TIMOTHY AJAYI.

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.

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.

  • BRISTOL HEALTH PHARMACY LLC

    PHARMACY SERVICES · CT · income $4,587,801 · assets $1,985,570

    Directly controlled by BRISTOL HOSPITAL AND HEALTH CARE GROUP

Related corporations and trusts

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

  • BRISTOL HOSPITAL EMS LLC

    C · EMERGENCY MEDICAL SERVICES · CT · 100% owned · share of income $8,911,094 · share of assets $3,479,140 · controlled entity

    Directly controlled by BRISTOL HOSPITAL AND HEALTH CARE GROUP

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349303648

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