Overview
What is Vassar Health Connecticut Inc?
Vassar Health Connecticut Inc, operating as Sharon Hospital, is a 78-bed nonprofit health institution located in northwestern Connecticut. The organization, with a team of 387 employees, is dedicated to providing compassionate healthcare services to the local community. As part of NuVance Health, a six-hospital system, Sharon Hospital offers a wide range of healthcare services, including bariatric surgery, cardiology, emergency care, neurology, orthopedics, stroke care, surgical services, and women's services. In FY22, the hospital provided approximately 8,304 patient days and 1,771 discharges in acute care, 10,080 emergency room visits, and 42,892 outpatient visits or procedures. Sharon Hospital has received numerous recognitions for its high-quality healthcare services, including five-star ratings from the Centers for Medicare and Medicaid Services, Healthgrades, and the American Heart Association and American Stroke Association. The mission of Vassar Health Connecticut Inc is to become the trusted partner in health for the people throughout the core regions of western Connecticut and the Hudson Valley of New York by delivering efficient, excellent, innovative, and compassionate care.
Official website here: www.nuvancehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Vassar Health Connecticut Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity's score is derived entirely from its Accountability & Finance metrics, which indicates a strong emphasis on transparency and responsible financial management. The organization has demonstrated notable strengths, including a high proportion of independent board members and a robust financial oversight structure, contributing positively to its overall rating.
The organization has achieved a program expense ratio of 88.26%, indicating that a significant majority of its expenses are directed towards its programs. This is a positive signal regarding its commitment to fulfilling its mission and making a tangible impact. Additionally, Vassar Health maintains essential governance policies, including conflict of interest and whistleblower protections, further emphasizing its dedication to ethical practices.
However, the charity's liabilities to assets ratio of 184.27% raises some concerns. This figure suggests that the organization may be carrying a considerable amount of debt relative to its assets, which could pose risks to its financial health in the long run. Overall, while Vassar Health Connecticut Inc shows strong accountability and finance practices, the issue of high liabilities merits attention.
This AI summary has been generated from information found on Charity Navigator.
Is Vassar Health Connecticut Inc legitimate?
Vassar Health Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vassar Health Connecticut 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: $1,023,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,261,172
For more financial information, click here
Official website here: www.nuvancehealth.org
What is the mission statement of Vassar Health Connecticut Inc?
Vassar Health Connecticut Inc strives to become the trusted healthcare partner for people residing in the core regions of Western Connecticut and the Hudson Valley of New York. They deliver efficient, excellent, innovative, and compassionate care to cater to the diverse healthcare needs of their community. The healthcare organization offers a comprehensive range of services, including but not limited to bariatric surgery, cardiology, emergency care, neurology, orthopedics, stroke care, surgical services, and women's services. Vassar Health Connecticut Inc has received multiple recognitions for its high-quality healthcare, including five-star ratings from the Centers for Medicare and Medicaid Services and Healthgrades. In the past fiscal year, the hospital provided approximately $1.1 million in charity care to under-insured and uninsured populations.
Official website here: www.nuvancehealth.org
Who is the CEO of Vassar Health Connecticut Inc?
Unavailable
Official website here: www.nuvancehealth.org
What is the revenue of Vassar Health Connecticut Inc?
Vassar Health Connecticut Inc's revenue in 2022 was $51,339,478.
Official website here: www.nuvancehealth.org
Who are the executives of Vassar Health Connecticut Inc and what are their salaries?
The average compensation at Vassar Health Connecticut Inc during 2022 was $78,255. There are 387 employees and 18 volunteers at Vassar Health Connecticut Inc.
Here are 30 key members and their salaries:
- Compensation: $300,662
- Related: $0
- Other: $19,665
- Compensation: $240,055
- Related: $387,669
- Other: $104,269
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- Other: $0
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- Compensation: $0
- Related: $721,694
- Other: $91,469
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $1,287,226
- Other: $144,768
- Compensation: $0
- Related: $874,360
- Other: $81,429
- Compensation: $0
- Related: $523,470
- Other: $67,736
- Compensation: $0
- Related: $877,181
- Other: $92,674
- Compensation: $0
- Related: $1,678,743
- Other: $145,243
- Compensation: $0
- Related: $428,563
- Other: $66,383
- Compensation: $596
- Related: $177,082
- Other: $0
- Compensation: $156,226
- Related: $0
- Other: $45,827
- Compensation: $198,264
- Related: $0
- Other: $37,428
- Compensation: $180,393
- Related: $0
- Other: $35,244
- Compensation: $155,697
- Related: $0
- Other: $10,858
- Compensation: $16,192
- Related: $551,596
- Other: $58,157
- Compensation: $0
- Related: $135,692
- Other: $0
- Compensation: $0
- Related: $640,690
- Other: $126,898
Official website here: www.nuvancehealth.org
Where can I find the form 990 for Vassar Health Connecticut Inc?
Vassar Health Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nuvancehealth.org
Learn more at the official website: www.nuvancehealth.org
Mission Statement of Vassar Health Connecticut Inc
Vassar Health Connecticut Inc, a dedicated healthcare organization, strives to become the trusted partner in health for people residing in the core regions of Western Connecticut and the Hudson Valley of New York. By delivering efficient, excellent, innovative, and compassionate care, they aim to make a significant impact on the health and wellbeing of the communities they serve.
At the heart of their mission lies Sharon Hospital, a 78-bed facility that prides itself on compassionate healthcare. Part of NuVance Health, a six-hospital system with numerous outpatient facilities, Sharon Hospital offers a wide range of services including bariatric surgery, cardiology, emergency care, neurology, orthopedics, stroke care, surgical services, and women's services, among many others. The organization's commitment to quality care has been recognized by several esteemed organizations, with Sharon Hospital receiving five-star ratings from the Centers for Medicare and Medicaid Services for the past three years in a row.
Vassar Health Connecticut Inc is dedicated to addressing the diverse healthcare needs of their communities. In FY22, they had 8,304 patient days and 1,771 discharges in acute care, 10,080 emergency room visits, and 42,892 outpatient visits/procedures. The organization also provides approximately $1.1 million in charity care to the region's uninsured and under-insured population, underscoring their commitment to equitable healthcare access. By combining the latest medical advancements with a compassionate approach, Vassar Health Connecticut Inc is making a difference in the lives of countless individuals.
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Impact
October, 2024
Vassar Health Connecticut Inc plays a crucial role in enhancing healthcare access and quality for the communities it serves across Western Connecticut and the Hudson Valley of New York. With its flagship facility, Sharon Hospital, a 78-bed institution, the organization is dedicated to delivering comprehensive and compassionate medical services tailored to meet community needs.
Sharon Hospital's diverse array of services includes emergency care, surgical services, cardiology, neurology, and specialized care in areas such as women’s health and behavioral health. The hospital's commitment to excellence is reflected in its impressive accolades, including a five-star rating from the Centers for Medicare and Medicaid Services for three consecutive years, and multiple five-star recognitions from Healthgrades for pulmonary and cardiac care. This recognition underscores the hospital’s expertise and dedication to providing high-quality healthcare.
In addition to its clinical services, Vassar Health’s mission involves extensive community engagement, offering approximately $1.1 million in charity care to support uninsured and underinsured populations. This commitment not only improves individual health outcomes but also strengthens community health as a whole.
The hospital's statistics indicate its significant impact: with over 10,000 emergency room visits and nearly 43,000 outpatient visits in the last fiscal year alone, Vassar Health Connecticut Inc is a vital healthcare partner, ensuring that the people in its service areas receive innovative, effective, and compassionate healthcare.
This information is meant to be a general summary of Vassar Health Connecticut 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 2022.
- Investment Income: $3,201
- Program Service Revenue: $49,317,147
- Gross Receipts: $51,339,478
Assets and Liabilities:
- Total Assets: $44,831,066
- Total Liabilities: $82,612,084
- Net Assets: -$37,781,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$34,949,258
INPATIENT PSYCHIATRIC SERVICE REVENUE
Revenue
$12,019,119
COVID STIMULUS FUNDS
Revenue
$1,369,100
AFFILIATE INCOME - DIGITAL HEALTH
Revenue
$884,862
AFFILIATE RENTAL INCOME
Revenue
$94,808
Organization Details
Founding Year
2016
Phone
(845) 475-9500Main Address
50 HOSPITAL HILL ROAD, SHARON, CT, 06069
Website
www.nuvancehealth.orgNTEE Category
Code: E20 - Health
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