St Mary's Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 222528400
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hartford, CT, USA
- Phone
- 2037096390
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $549,983
- Expenses
- $1,189,129
- Assets
- $4,792,755
- Liabilities
- $6,580
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- KIMBERLY KALAJAINEN (SMH PRESIDENT THROUGH 2/25)
Highest reported compensation
- ROBERT ROOSE MD (DIR 1/25;THONE PRES-COMMON HOSP 2/25): $738,823 total reported compensation
- KIMBERLY KALAJAINEN (SMH PRESIDENT THROUGH 2/25): $492,631 total reported compensation
- TIMOTHY STANTON (DIRECTOR; VP & CHIEF DEV OFFICER): $474,945 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We, trinity health of new england and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Saint mary's hospital foundation is a member of trinity health of new england and trinity health.
What it reported doing in 2024
Saint mary's hospital foundation was established in 1984 in order to support the hospital and expand the services provided to the community. With the commitment and generosity of the greater waterbury community, the foundation has since been able to raise the funds to renovate and expand facilities, develop crucial outreach and clinical programs, acquire state-of-the-art equipment and technology, and attract an accomplished medical staff who bring a variety of different skills and expertise to the greater waterbury community.some of the foundation's greatest accomplishments have been creating the new women's and infants center and clinical laboratory, renovating our emergency department, thereby improving our ability to provide timely care and enhanced services to patients, and bringing the da vinci robotic surgical system to the area in order to provide patients access to minimally invasive surgical procedures.in addition to expanding our facilities and services, saint mary's hospital remains committed to providing the highest in quality care to every patient, every day through a variety of different programs. Most recently, saint mary's hospital foundation has been able to establish our breast screening fund in order to provide services to women in the greater waterbury area who otherwise would not have access to any preventive or diagnostic care.please visit our website for additional information: www.stmhfoundation.org
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 93
- Transparency & Controls: 73
- Accountability: 76
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.7%; rating input score 94
- Fundraising efficiency: $16.2 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th 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: 99%; rating input score 99; 48th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 81.8%; rating input score 82; 18th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -116.2%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 4.03; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 32.7%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
- Governance: 9 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $739K · 24 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 8 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: 2 filed money-flow records
- Related organizations: 310 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: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 1/100.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.