Overview
What is Capital Area Health Consortium Inc?
Capital Area Health Consortium Inc is a nonprofit organization based in Farmington, Connecticut. With a team of 1015 employees, they serve as an inter-institutional forum for collaboration among hospitals in the Greater Hartford Capital Region. Their primary role is to maintain and enhance the health care needs of the area by providing support services such as salary and employee benefits for training programs sponsored by the University of Connecticut. Specifically, they manage and coordinate payroll and benefit services for approximately 700 medical residents appointed to area hospitals via the University of Connecticut School of Medicine residency training program.
Official website here: www.cahc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 66% (Two-Star out of Four Star rating)
Capital Area Health Consortium Inc has received a Two-Star rating from Charity Navigator, reflecting a 66% score primarily based on its Accountability & Finance metrics. The organization demonstrates a strong commitment to its program expenses, with an impressive program expense ratio of 99.73%, indicating that nearly all of its funds are directed toward its mission-related activities.
However, the organization has notable weaknesses, particularly regarding its governance structure. The board lacks independent members, scoring 0% in both the majority independent board members and independent board size metrics. This lack of independent oversight may raise concerns about transparency and accountability within its leadership.
Despite some governance and financial oversight shortcomings, the organization has implemented several policies effectively, including a conflict of interest policy and a whistleblower policy. Nonetheless, the absence of a posted Tax Form on its website could hinder public trust and accessibility to financial information. Overall, while Capital Area Health Consortium Inc is efficient in allocating funds to its programs, it must address governance issues to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Area Health Consortium Inc legitimate?
Capital Area Health Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area Health Consortium Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,938,689
For more financial information, click here
Official website here: www.cahc.org
What is the mission statement of Capital Area Health Consortium Inc?
Capital Area Health Consortium Inc is an organization that facilitates collaboration among hospitals in a specific region to enhance the healthcare needs of the community. By providing an inter-institutional forum, the consortium fosters cooperation and improvement among its member hospitals. Additionally, it offers support services, such as salary and employee benefits, for training programs sponsored by the University of Connecticut. The consortium effectively manages the payroll and benefit services for approximately 700 medical residents appointed to various hospitals via the University of Connecticut's residency training program.
Official website here: www.cahc.org
What is the revenue of Capital Area Health Consortium Inc?
Capital Area Health Consortium Inc's revenue in 2024 was $68,294,806.
Official website here: www.cahc.org
Who are the executives of Capital Area Health Consortium Inc and what are their salaries?
The average compensation at Capital Area Health Consortium Inc during 2024 was $51,468. There are 1048 employees at Capital Area Health Consortium Inc.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $1,021,264
- Other: $58,767
- Compensation: $0
- Related: $855,864
- Other: $49,561
- Compensation: $0
- Related: $805,033
- Other: $61,101
- Compensation: $0
- Related: $795,227
- Other: $35,151
- Compensation: $0
- Related: $732,575
- Other: $18,511
- Compensation: $0
- Related: $608,485
- Other: $65,688
- Compensation: $0
- Related: $627,295
- Other: $33,894
- Compensation: $0
- Related: $366,231
- Other: $249,706
- Compensation: $0
- Related: $410,935
- Other: $102,397
- Compensation: $0
- Related: $395,472
- Other: $103,728
- Compensation: $0
- Related: $406,000
- Other: $49,311
- Compensation: $0
- Related: $415,842
- Other: $30,171
- Compensation: $0
- Related: $377,088
- Other: $62,139
- Compensation: $0
- Related: $231,035
- Other: $188,037
- Compensation: $0
- Related: $240,032
- Other: $37,448
- Compensation: $109,616
- Related: $0
- Other: $11,920
- Compensation: $103,419
- Related: $0
- Other: $11,920
Official website here: www.cahc.org
Where can I find the form 990 for Capital Area Health Consortium Inc?
Capital Area Health Consortium Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cahc.org
Learn more at the official website: www.cahc.org
Mission Statement of Capital Area Health Consortium Inc
Capital Area Health Consortium Inc, a crucial inter-institutional forum, aims to bolster collaboration among its member hospitals in the Greater Hartford Capital Region. By fostering this partnership, the organization strives to maintain and enhance the healthcare needs of the area. In addition to this core mission, Capital Area Health Consortium Inc offers supportive services, specifically in the form of salary and employee benefits, for training programs sponsored by the University of Connecticut.
In practice, the consortium assumes responsibility for managing and coordinating payroll and benefit services for about 700 medical residents. These residents are appointed through the University of Connecticut School of Medicine residency training program and are based in various hospitals. Furthermore, the consortium covers certain operating expenses related to the program. By handling these administrative tasks, the consortium enables hospitals and the university to focus on delivering high-quality healthcare services to their patients. In essence, Capital Area Health Consortium Inc serves as a valuable intermediary, streamlining processes and ensuring the smooth operation of medical residency training programs.
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Impact
October, 2024
Capital Area Health Consortium Inc significantly enhances the healthcare landscape in the greater Hartford Capital region by fostering collaboration among member hospitals. By creating an inter-institutional forum, it facilitates the sharing of resources and best practices, thereby improving the overall quality of care in the area.
One of its key initiatives is the management of the Medical Residency Paymaster Program. Through this program, the Consortium efficiently coordinates payroll and benefit services for approximately 700 medical residents appointed via the University of Connecticut School of Medicine. This not only ensures that residents receive timely and accurate compensation but also alleviates administrative burdens from hospitals, allowing them to focus on patient care.
The Consortium's support services extend to covering specific operating expenses for training programs, further enhancing the educational opportunities for healthcare professionals. By prioritizing collaboration and support, Capital Area Health Consortium Inc plays a crucial role in meeting the healthcare needs of its community and ensuring a robust pipeline of skilled medical professionals in the region.
This information is meant to be a general summary of Capital Area Health Consortium Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $292,550
- Program Service Revenue: $67,969,091
- Gross Receipts: $68,319,968
Assets and Liabilities:
- Total Assets: $5,623,812
- Total Liabilities: $5,021,652
- Net Assets: $602,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL RESIDENCY PAYMASTER P
Revenue
$64,047,691
DENTAL RESUDENCY PAYMASTER PR
Revenue
$3,783,307
MANAGEMENT SERVICES INCOME
Revenue
$138,093
Organization Details
Founding Year
1974
Principal Officer
Michelle Nielson
Website
www.cahc.orgNTEE Category
Code: E21 - Health
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