Waterbury Hospital Foundation

Nonprofit profile at a glance

EIN
832947453
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Waterbury, CT, USA
Phone
2037531315
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$861,597
Expenses
$446,405
Assets
$20,214,864
Liabilities
$30,000

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KATHY TAYLOR (PRESIDENT & CEO)

Highest reported compensation

  • KATHY TAYLOR (PRESIDENT & CEO): $266,995 total reported compensation
  • BARBARA RYER (DIRECTOR OF FINANCE & ADMIN): $173,639 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation facilitates equitable access to healthcare services for the greater waterbury community. Our founding principles are to provide for the healthcare needs (including medical equipment and expenses) of the 13-town greater waterbury community; to protect and steward charitable assets; to support and engage in community projects, grants, activities and programs that improve access to healthcare and enhance the health of greater waterbury's community, including preventative health programs; and to provide health education and training of healthcare providers and educators in the communities.

What it reported doing in 2025

To provide for healthcare needs of the greater waterbury area and to support or conduct community health needs, assessments, and encourage and support effects to charitable improve the health of the community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 18
  • Transparency & Controls: 66
  • Accountability: 91
  • Sustainability: 82
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.3%; rating input score 18
  • Program expense ratio: 25.2%; rating input score 25
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th 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: 88.8%; rating input score 89; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: 48.2%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 45.28; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 45.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -60.9% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 18.3% of revenue deployed · 25.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $113K in reported program spending
  • Leadership: top reported pay $267K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 18/100.
  • High — Financial Efficiency: Program expense ratio scored 25/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.