Hospital for Special Care

Nonprofit profile at a glance

EIN
060646766
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New Britain, CT, USA
Phone
1-860-223-2761
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, Specialty

Official website

Reported finances

Revenue
$140,504,354
Expenses
$136,120,157
Assets
$183,478,214
Liabilities
$51,408,676

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • Lynn Ricci FACHE (President & CEO)

Highest reported compensation

  • Lynn Ricci FACHE (President & CEO): $1,451,041 total reported compensation
  • William Pesce DO (CMO): $629,903 total reported compensation
  • Laurie A Rudman (SVP & CFO): $476,016 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ensure exemplary care within a continuum of rehabilitation and continuing medical care, supporting patients to achieve enduring improvements in quality of life. Our Mission, Vision and Values Mission We will ensure exemplary care within our continuum, with the active involvement of those we serve, so that they can achieve enduring improvements in their quality of life. We will anticipate and be responsive to changing needs of our communities and a changing healthcare environment by creating an innovative, fiscally sound, cost effective system of care. We will support the practice of rehabilitation and continuing medical care through research and education. We will create a work environment and climate where employees are supported to provide excellent care, and find opportunities for personal and professional growth. We will be, in all of the above,.

What it reported doing in 2024

Inpatient Care: Rehabilitation Services include programs for those recovering from a life-threatening condition, debilitating injury or suffering from acute chronic illness. HSC provides interdisciplinary care for patients with amputations, neurological conditions, orthopedic diagnoses, musculoskeletal diagnoses, multiple trauma, and complications from prolonged hospitalizations. Complex medical and rehabilitation care provide a wide range of services designed to maximize the outcomes of patients who no longer need invasive or acute diagnostic procedures, but who continue to require 24-hour nursing and medical care and/or monitoring. We also provide comprehensive care for individuals who require complex wound management. HSC treats all levels of spinal cord dysfunction. Through its continuum of care and interdisciplinary therapies to pain management and community re-entry. A comprehensive treatment plan is tailored to each individual by a dedicated rehabilitation team led by the Medical Director. The Acquired Brain Injury (ABI) program treats individuals with traumatic brain injuries (i.e. aneurysm, anoxia, tumors) with the goal to maximize patients functional status, independence, psychosocial adjustment and vocational and leisure skills, including community reintegration. The Neurobehavioral Program (NBP) is a long-term, 25-bed inpatient rehabilitation program that specializes in the treatment of individuals who have sustained an acquired brain injury and have been unsuccessful living in the community or in other facilities. The purpose of the NBP is to assist these individuals in managing their independence and to improve their overall quality of life. HSC's Cardiac Medical Unit consists of treatment, therapy and education for patients who are striving to regain, or maintain their functional ability while dealing with the complications from heart failure (Patient Days - 28,465).

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 91
  • Accountability: 96
  • Sustainability: 46
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.7%; rating input score 80
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.1%; rating input score 94; 45th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.1%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 20th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site
  • Where the money goes: 79.7% of revenue deployed · 85% of spending went to programs
  • Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $115.7M in reported program spending
  • Leadership: top reported pay $1.5M · 31 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.8M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.