HARTFORD HEALTHCARE CORPORATION Charity Report

Public IRS 990 nonprofit record

HARTFORD HEALTHCARE CORPORATION

EIN 22-2672834 · Health Care (E210)

What they do

Hartford HealthCares Mission is to Improve The Health and Healing of The People and Communities It Serves.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders60 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

103.11%of revenue went to mission work97.3% of expenses · Program services

$104.91spent for every $100 of revenueSpending was higher than revenue this year.

2.85%of revenue went to management and office costs2.7% of expenses

$4.61in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $35,075,466 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $4,083,578 for JEFFREY FLAKS (DIRECTOR, PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$707,622,846

Mission workProgram services$729,656,943103.11% of revenue97.3% of expenses

ManagementOffice and general costs$20,185,7802.85% of revenue2.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$749,842,723105.97% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 105.97% of revenue

2022Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 102.15% of revenue

2021Expense mix: 96.6% mission · 3.4% management · 0.0% fundraisingTotal expenses: 102.86% of revenue

2020Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingTotal expenses: 121.40% of revenue

2019Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 108.29% of revenue

2018Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingTotal expenses: 103.46% of revenue

2017Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 102.37% of revenue

2016Expense mix: 97.0% mission · 3.0% management · 0.0% fundraisingTotal expenses: 100.18% of revenue

Money in and money out

Revenue$714,767,257

Expenses$749,842,723

Annual shortfall $35,075,466 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$729,656,943 · 97.3% of expenses

Management and office costs$20,185,780 · 2.7% of expenses

See all reported dollar amounts

Revenue$714,767,257

Expenses$749,842,723

Assets$3,453,251,725

Income$754,651,453

Contributions$298,673

Mission work (program services)$729,656,943

Management and general$20,185,780

Executive compensation (total)$25,808,925

Stocks and bonds$339,472,312

Accounting fees$2,394,485

Investing fees$318,701

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JEFFREY FLAKSDIRECTOR, PRESIDENT & CEO · 40 hrs/week $4,083,578Base $4,010,591 · Other $72,987

BIMAL PATELEVP · 60 hrs/week $2,447,701Base $2,377,375 · Other $70,326

KHALID ABBED MDSVP · 60 hrs/week $1,972,647Base $1,898,243 · Other $74,404

CHIBUEZE AGBAEVP · 60 hrs/week $1,934,908Base $1,699,330 · Other $235,578

WILLIAM JENNINGSSVP · 20 hrs/week $1,665,318Base $1,474,125 · Other $191,193

JEFFREY COHEN MDEVP · 60 hrs/week $1,531,039Base $1,445,341 · Other $85,698

MICHAEL DAGLIOEVP · 20 hrs/week $1,488,416Base $1,299,825 · Other $188,591

TRACY CHURCHEVP · 60 hrs/week $1,459,767Base $1,389,309 · Other $70,458

AJAY KUMAR MDEVP · 60 hrs/week $1,360,247Base $1,176,455 · Other $183,792

JOHN SANTOPIETROSVP · 20 hrs/week $1,311,058Base $1,233,667 · Other $77,391

JAMES CARDON MDEVP · 40 hrs/week $1,197,617Base $1,132,125 · Other $65,492

ROCCO ORLANDO III MDSVP · 60 hrs/week $1,123,373Base $1,037,392 · Other $85,981

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (60)

JEFFREY FLAKSDIRECTOR, PRESIDENT & CEO

BIMAL PATELEVP

KHALID ABBED MDSVP

CHIBUEZE AGBAEVP

WILLIAM JENNINGSSVP

JEFFREY COHEN MDEVP

MICHAEL DAGLIOEVP

TRACY CHURCHEVP

AJAY KUMAR MDEVP

JOHN SANTOPIETROSVP

JAMES CARDON MDEVP

ROCCO ORLANDO III MDSVP

STEVEN SHICHMAN MDPHYSICIAN-IN-CHIEF UROLOGY

PETER YU MDSVP

JOEL VENGCOSVP

GERALD BOISVERTSVP

DAVID MACKEVP

DONNA HANDLEYSVP

MARK ALBERTS MDSVP

KAREN GOYETTEEVP

RICHARD STYSSVP

GARY HAVICANSVP

MARYELLEN KOSTURKOEVP

PATRICIA HASSELMANSVP

PADMANABHAN PREMKUMAR MDSVP

ERIC SMULLENSVP

MILROSE MERCADOSVP

BARRY STEINVP

GERARD LUPACCHINOSVP

WENDY ELBERTHSVP

CYNTHIA PUGLIESESVP

JAMES ODEA MDSVP

CHERYL FICARASVP

KRISTI GAFFORDSVP

WHEATLEY WENTZELLSVP

DAVID HOLMGRENFORMER HIGHEST COMPENSATED EMPLOYEE

MARK PRETEFORMER OFFICER

ELLIOT JOSEPHFORMER DIRECTOR & CEO

SABET HASHIM MDSVP

CYNTHIA HELLERFORMER KEY EMPLOYEE

PAUL THOMPSON MDFORMER KEY EMPLOYEE

VINCENT DIBATTISTAFORMER KEY EMPLOYEE

RICHARD SHIREYFORMER KEY EMPLOYEE

DANIEL MCINTYREFORMER KEY EMPLOYEE

ROSEMARY SHEEHANEVP

YVETTE MELENDEZDIRECTOR

PATRICIA ROBERTS MDDIRECTOR

KOLA OLOFINBOBADIRECTOR

JUDY OLIANDIRECTOR

JOSEPH VOELKERDIRECTOR

JOHN PETILLODIRECTOR

JOANNE BERGER-SWEENEYCHAIR

HELENE GLOTZERDIRECTOR (THRU JUNE 2024)

GREGORY TOCZYDLOWSKIVICE CHAIR

GREGORY BUTLERDIRECTOR

GREG DEAVENSDIRECTOR (THRU JUNE 2024)

GREG BARATSDIRECTOR

FRANCISCO BORGESDIRECTOR

ERIC ROSOWDIRECTOR

DONALD ALLAN JRDIRECTOR

About this charity

Recognized since: January 1986
Location: 100 PEARL STREET, HARTFORD, CT 06103-4506
County: Hartford
In care of: Mark Keise
Primary officer: Mark Keise, SVP Fin. Operations

How to reach them

WebsiteVisit the charity’s website Phone(860) 696-6220 Officer phone(860) 696-6237

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Health Care (E210)
IRS tax category: General Medical and Surgical Hospitals