Trinity Health Of New England

Legal name: Saint Francis Hospital and Medical Center

Nonprofit profile at a glance

EIN
060646813
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Hartford, CT, USA
Phone
8607144000
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$989,157,513
Expenses
$922,307,509
Assets
$764,864,589
Liabilities
$396,717,308

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

Leadership & pay

34 people listed

Executive titles in this filing

  • MONTEZ CARTER (DIRECTOR, TH OF NE PRESIDENT AND CEO)
  • SHERI LEMIEUX (ASST SEC; ASST TO TH OF NE PRES/CEO)
  • VALERIE POWELL-STAFFORD (PRESIDENT)

Highest reported compensation

  • MONTEZ CARTER (DIRECTOR, TH OF NE PRESIDENT AND CEO): $1,659,446 total reported compensation
  • THOMAS BURKE (FORMER OFFICER): $1,444,666 total reported compensation
  • DANIEL MOEN (FORMER OFFICER): $1,193,994 total reported compensation

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

Overview

Mission

To provide health care and hospital services as a compassionate, transforming healing presence within the communities served, guided by the spirit of the Gospel. We, Trinity Health, serve together in the spirit of the Gospel as a compassionate and transforming healing presence within our communities. Our Vision. Our Vision As a mission-driven innovative health organization, we will become the national leader in improving the health of our communities and each person we serve. We will be the most trusted health partner for life.

What it reported doing in 2024

Saint francis hospital and medical center has been an anchor institution in north central Connecticut since 1897. Saint francis hospital and medical center is licensed for 617 beds and 65 bassinets, is a major teaching hospital and the largest catholic hospital in new england.saint francis hospital and medical center is committed to exceeding the expectations of our patients and families by providing world-class service in a progressive, people-centered, compassionate health care environment.at saint francis hospital and medical center we remain committed to the mission that has been virtually unchanged during our 120-year history - to improve and enrich the lives of individuals and families in our region. Compassionate care, superior technology and prevention-oriented education will combine in centers of clinical excellence. Dedication to our founding core values will create a spiritual and healing environment.please visit schedule h and our website for additional information about services, recognitions and awards: www.trinityhealthofne.org/location/saint-francis-hospital

Operating model

Revenue model
Earned-program. 90% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 72
  • Accountability: 77
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83%; rating input score 83
  • Program expense ratio: 89.3%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.7%; rating input score 96; 28th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 76.9%; rating input score 77; 25th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.8%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 18th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site
  • Where the money goes: 83% of revenue deployed · 89.3% of spending went to programs
  • Governance: 10 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $824.1M in reported program spending
  • Leadership: top reported pay $1.7M · 34 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $57M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 320 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.