Civic Intelligence

Saint Mary'S Hospital Inc

990 • Fiscal year 2016 • EIN 06-0646844

Oct 01, 2015 to Sep 30, 2016 • Filed on Oct 11, 2017

56 Franklin StreetWaterbury, CT 06706-1281

(203) 709-6111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.62x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

39th percentile

0.45x

Higher debt load relative to revenue than 39% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Net Margin

74th percentile

11%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

88th percentile

15%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

5.3%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$211,055,898

Up $27,340,706 (+15%) from 2015

Net Assets

Up

$80,680,253

Up $35,516,550 (+79%) from 2015

Liabilities

Down

$130,375,645

Down $8,175,844 (-5.9%) from 2015

Revenue

Up

$287,344,504

Up $14,583,579 (+5.3%) from 2015

Expenses

Up

$256,054,815

Up $5,109,793 (+2.0%) from 2015

Net Income

Up

$31,289,689

Up $9,473,786 (+43%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $159,811,827Liabilities 2010: $136,097,688Net Assets 2010: $23,714,1392010Assets 2011: $163,115,671Liabilities 2011: $149,489,500Net Assets 2011: $13,626,1712011Assets 2012: $170,223,141Liabilities 2012: $152,298,642Net Assets 2012: $17,924,4992012Assets 2013: $187,262,087Liabilities 2013: $137,565,692Net Assets 2013: $49,696,3952013Assets 2014: $187,153,109Liabilities 2014: $140,389,197Net Assets 2014: $46,763,9122014Assets 2015: $183,715,192Liabilities 2015: $138,551,489Net Assets 2015: $45,163,7032015Assets 2016: $211,055,898Liabilities 2016: $130,375,645Net Assets 2016: $80,680,2532016Assets 2017: $237,368,081Liabilities 2017: $164,021,904Net Assets 2017: $73,346,1772017Assets 2018: $267,794,885Liabilities 2018: $174,239,435Net Assets 2018: $93,555,4502018Assets 2019: $291,110,999Liabilities 2019: $186,589,516Net Assets 2019: $104,521,4832019Assets 2020: $346,195,523Liabilities 2020: $204,879,665Net Assets 2020: $141,315,8582020Assets 2021: $450,532,787Liabilities 2021: $241,045,712Net Assets 2021: $209,487,0752021Assets 2022: $301,239,768Liabilities 2022: $85,616,751Net Assets 2022: $215,623,0172022Assets 2023: $270,266,287Liabilities 2023: $90,396,847Net Assets 2023: $179,869,4402023Assets 2024: $221,853,557Liabilities 2024: $69,221,996Net Assets 2024: $152,631,5612024

Highlighted filing

2016

Assets$211,055,898
Liabilities$130,375,645
Net Assets$80,680,253

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0Expenses 2010: $199,107,6132010Expenses 2011: $211,540,8622011Expenses 2012: $221,444,8872012Revenue 2013: $250,307,475Expenses 2013: $231,939,974Net Income 2013: $18,367,5012013Revenue 2014: $262,780,268Expenses 2014: $237,761,158Net Income 2014: $25,019,1102014Revenue 2015: $272,760,925Expenses 2015: $250,945,022Net Income 2015: $21,815,9032015Revenue 2016: $287,344,504Expenses 2016: $256,054,815Net Income 2016: $31,289,6892016Revenue 2017: $284,956,875Expenses 2017: $262,461,459Net Income 2017: $22,495,4162017Revenue 2018: $330,370,123Expenses 2018: $301,991,536Net Income 2018: $28,378,5872018Revenue 2019: $333,252,155Expenses 2019: $300,341,851Net Income 2019: $32,910,3042019Revenue 2020: $326,720,727Expenses 2020: $293,354,475Net Income 2020: $33,366,2522020Revenue 2021: $351,229,386Expenses 2021: $303,989,830Net Income 2021: $47,239,5562021Revenue 2022: $325,143,316Expenses 2022: $321,912,242Net Income 2022: $3,231,0742022Revenue 2023: $330,191,755Expenses 2023: $325,248,513Net Income 2023: $4,943,2422023Revenue 2024: $355,773,068Expenses 2024: $339,742,644Net Income 2024: $16,030,4242024

Highlighted filing

2016

Revenue$287,344,504
Expenses$256,054,815
Net Income$31,289,689
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Oct 11, 2017
Return Version
2015v3.0
Gross Receipts
$293,989,757
Mission and Program 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 is a member of trinity health of new england and trinity health.

We, trinity health and saint mary's hospital, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$65,421,309$96,481,571▲ $31,060,262
Investments Other Securities$45,341,177$46,776,007▲ $1,434,830
Accounts Receivable$28,547,867$26,297,578▼ $2,250,289
Cash and Non-Interest-Bearing Accounts$13,310,208$20,571,971▲ $7,261,763
Investments in Publicly Traded Securities$20,283,883$10,973,276▼ $9,310,607
Inventories for Sale or Use$3,701,277$3,888,644▲ $187,367
Other Notes and Loans Receivable, Net$3,610,061$3,053,474▼ $556,587
Prepaid Expenses and Deferred Charges$3,439,691$2,929,793▼ $509,898
Pledges and Grants Receivable$42,586$60,153▲ $17,567
Savings and Temporary Cash Investments$17,133$23,431▲ $6,298
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$183,715,192$211,055,898▲ $27,340,706
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$85,062,744$93,909,596▲ $8,846,852
Accounts Payable and Accrued Expenses$39,988,745$36,466,049▼ $3,522,696
Mortgage Notes Payable Secured by Investment Property$13,500,000$0▼ $13,500,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$138,551,489$130,375,645▼ $8,175,844
Net Assets / Fund Balance
Unrestricted Net Assets$27,410,639$62,162,609▲ $34,751,970
Permanently Rstr Net Assets$15,831,089$16,547,711▲ $716,622
Temporarily Rstr Net Assets$1,921,975$1,969,933▲ $47,958
Total Net Assets Fund Balance$45,163,703$80,680,253▲ $35,516,550
Total Liabilities and Net Assets / Fund Balance$183,715,192$211,055,898▲ $27,340,706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,810,776$357,676$68,168,452
Equipment$27,153,595$2,298,623$29,452,218
Land$1,517,200-$1,517,200
Other Land Buildings$0$0$0
Other Securities$25,740,122--
Closely Held Equity Interests$5,549,465--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$16,240,000-▲ $1,346,000$620,000$16,966,000
2014$17,138,000$83,000▼ $248,000$733,000$16,240,000
2013$16,630,000-▲ $1,264,000$756,000$17,138,000
2012$15,567,000-▲ $1,768,000$705,000$16,630,000
2011$13,783,000-▲ $2,426,000$642,000$15,567,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad WablePresidentFT$561,766$534,430$1,096,196
Stephen Schneider MdCMOFT$399,901$146,517$546,418
Ralph BeckerVP CFOFT$322,288$98,463$420,751
Charles FlinnVP COOFT$326,697$89,380$416,077
Michael NovakVP OperationsFT$271,974$103,819$375,793
M Clark KearneyVP Human ResourcesFT$216,763$81,417$298,180
Joseph ConnollyChief Marketing OfficerFT$200,626$87,768$288,394
James TuckerVP and Chief Nursing OfficerFT$213,986$73,961$287,947
Elizabeth BozzutoVP Surgical ServicesFT$246,579$37,650$284,229
Dan SullivanDirector of PharmacyFT$168,174$47,865$216,039
David a Roer MdDirector (since 8/1/2016)-$121,387$1,214$122,601
Robert Gumbardo MdDirector-$72,000-$72,000
S Mark Albini MdDirector-$49,000-$49,000
Sister Dolores LahrDirector (thru 12/31/2015)-$31,836$271$32,107

Board Members and Trustees

NameTitle
Joseph Mengacci EsqChairman
Robert MazaikaChairman (thru 7/31/2016)
Richard PughVice Chairman
Rev Monsignor James ColemanVice Chairman (thru 7/31/2016)
Christine Sullivan EsqDirector
Eric AlbertDirector
Felix RodriquezDirector
Christopher M DadlezDirector (since 8/1/2016)
Father Christopher M FordDirector (since 8/1/2016)
Kara J Summa EsqDirector (since 8/1/2016)
Linda Wihbey EsqDirector (since 8/1/2016)
Theresa M BachhuberDirector (since 8/1/2016)
Laura St JohnDirector (thru 12/31/2015)
Garrett CaseyDirector (thru 7/31/2016)
James C SmithDirector (thru 7/31/2016)
James Uberti MdDirector (thru 7/31/2016)
MICHAEL O'BRIENDirector (thru 7/31/2016)
Michael Karnasiewicz MdDirector (thru 7/31/2016)
Angela MattieSecretary
Stephen R Griffin EsqSecretary (thru 7/31/2016)
Robert RoscoeTreasurer
Joseph Carlson IiTreasurer (thru 7/31/2016)

Highest Paid Contractors

ContractorServicesLocationCompensation
Precyse Solutions LLCContract Labor SvcsPO BOX 11407, Birmingham, AL 35246$4,250,590
Sodexho INC AffiliatesHospital Mgmt SvcsPO BOX 905374, Charlotte, NC 28290$3,322,557
Standard Builders INCConstruction Svcs52 HOLMES ROAD, Newington, CT 06111$2,980,324
Middle Ct Emergency PhysiciansEmergency Room Svcs1000 RIVER ROAD SUITE 100, Conshohocken, PA 19428$2,452,342
Berkeley Research GroupConsulting Services220 POWELL ST SUITE 1200, Emeryville, CA 94608$2,261,523
Revenue and Support

Revenue Composition

Contributions and Grants
$3,017,948
Program Service Revenue
$277,097,992
Investment Income
$1,131,590
Other Revenue
$6,096,974
All Other Contributions
$2,135,554
Change in Net Assets
$31,289,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,021,658
Salaries, Compensation, and Employee Benefits$120,033,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,623,406$13,107,487-$88,730,893
Fees for Services Other$18,887,735$11,671,584-$30,559,319
Occupancy$7,790,709$5,373,515-$13,164,224
Other Employee Benefits$10,787,956$2,099,220-$12,887,176
Depreciation Depletion$3,035,353$9,106,058-$12,141,411
Pension Plan Contributions$6,500,816$1,264,989-$7,765,805
Office Expenses$5,239,656$2,477,107-$7,716,763
Payroll Taxes$5,607,974$1,091,252-$6,699,226
Other Expenses$3,029,672$2,019,781-$5,049,453
Current Officers, Directors, Trustees, and Key Employees$1,960,542$1,941,131-$3,901,673
All Other Expenses$1,465,839$652,816-$2,118,655
Insurance$857,097$571,398-$1,428,495
Fees for Services Legal$284,549$763,647-$1,048,196
Advertising$625,999$208,666-$834,665
Conferences and Meetings$200,043$133,362-$333,405
Fees for Services Accounting$73,835$221,504-$295,339
Interest$49,259$147,778-$197,037
Travel$106,335$70,890-$177,225
Fees for Services Lobbying-$122,847-$122,847
Comp Disqual Persons-$48,384-$48,384
Total Functional Expenses$198,831,023$57,223,792$0$256,054,815
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Family MemberSpouse of Board MemberSee Part V for DescriptionNo$48,384

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$83,306,027
Self Insurance Liability$3,700,758
Rac and Other Reserves$1,726,972
Workers Compensation Reserve$1,537,936
Due to Reimbursement Agencies$1,262,489
Asbestos Liability$1,217,894
Deferred Revenue$1,115,595
Other Long Term Liabilities$41,925
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Effective august 1, 2016, saint marys hospital, inc. Became a member of trinity health of new england corporation, inc., a connecticut nonstock corporation. As a result of this transaction, trinity health of new england corporation, inc. Became the sole corporate member of saint marys hospital, inc. And its affiliates. The bylaws of the organization have been updated to reflect this member substitution. Trinity health of new england corporation, inc. Is a member of trinity health corporation, inc. An indiana nonprofit corporation, sponsored by catholic health ministries, a public juridic person of the holy roman catholic church.

Form 990, Part VI, Section A, Line 6 and 7A

Effective august 1, 2016 with the merger of saint mary's hospital inc. Into trinity health of new england corporation, inc., trinity health of new england corporation, inc. Is the sole member of saint mary's hospital, inc. And appoints the board of directors. Prior to the merger saint mary's health system, inc. Was the sole member and appointed the board of directors. Form 990, part vi, section a, line 7b the following disclosure only applies to the period prior to the trinity merger effective august 1, 2016. Pursuant to the provisions of section 33-1080(b) of the connecticut revised non-stock corporation act and the amended and restated certificate of incorporation of the corporation, there shall be reserved to the archbishop of the hartford roman catholic archdiocese of hartford (unless specifically delegated by him) the following rights and powers: (a) to approve the mission or purpose and the philosophy of the corporation and of any saint mary's subsidiaries. (b) to approve the acquisition, alienation or conveyance of the real property of the corporation that is valued at an amount greater than that established by the united states conference of catholic bishops pursuant to canon law or to place a mortgage on such property or to borrow funds in amounts greater than those established by the united states conference of catholic bishops pursuant to canon law, whether in a single transaction or a series of related transactions. (c)to approve the disposal of all or substantially all of the physical assets of the corporation and to approve the merger or consolidation of the corporation. (d)to approve the amendment of the certificate of incorporation or the bylaws of the corporation. After the merger, no one except the board of directors has such powers.

Form 990, Part VI, Section B, Line 11A

The finance committee of trinity health of new england corporation, inc. Has the responsibility for overseeing the review of the form 990 including ensuring appropriate directors and management personnel have reviewed, any issues are communicated to the committee and forms 990 are available to the board of directors. A complete copy of the organizations final form 990, including all required schedules, as ultimately filed with the irs, was provided to each member of the board before its filing with the irs via the board's internal secure web portal.

Form 990, Part VI, Section B, Line 12C

Annually, each director, officer, and board committee member of saint marys and any of its affiliates, as appropriate, will sign a statement which affirms that the person: 1) has received a copy of the conflict of interest policy; 2) has read and understands the policy; and 3) has agreed to comply with the policy. The statements will be distributed annually by the compliance officer and returned to the president or delegated person, where they will be recorded, reviewed, summarized and presented to the chairperson of the board, as well as to the audit and governance committees, where they exists. Conflict of interest statements will be maintained for a minimum of seven years by the compliance officer. Conflict of interest forms provided by officers, directors and board committee members will be forwarded to the compliance officer, along with a statement of impact as to the effect of the conflict of interest on the business and any action taken to minimize the effect. They will be maintained by the compliance officer for a minimum of seven years.

Form 990, Part VI, Section B, Lines 15A & 15B

The process for determining the compensation of the hospital's top management officials, including the president, all officers, and key employees, meet the three requirements of the rebuttable presumption. The compensation arrangement is approved in advance by the organization's executive compensation committee. The committee is appointed by the board of directors for the purpose of assisting the board to fulfill its responsibility to the hospital and the community to ensure the compensation is in accordance with the hospital's policies. The committee is comprised of six directors who are independent of management and the hospital and free of any conflicts of interest that would interfere with their exercise of independent judgment. Prior to making any compensation decisions, the executive compensation committee obtained and relied upon appropriate data as to comparability. The committee contracts an independent compensation consultant and utilizes local and national compensation surveys to set compensation levels. Finally, the executive compensation committee adequately and timely documented the basis for setting compensation concurrently with the making of the determination.

Form 990, Part VI, Section C, Question 19

Copies of the governing documents, conflicts of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
ST MARY'S HOSPITAL INC
EIN
06-0646844
In Care Of
% KYLE JURCZYK
Phone
2037096111
Address
56 FRANKLIN STREET, WATERBURY, CT 06706-1281

Signing Officer

Name
Chad Wable
Title
President
Phone
2037096111
Signed
2017-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Wable
Formed
1907
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
11
Employees
2,044
Volunteers
142

Preparer

Firm
Kpmg Llp
Address
One Financial Plaza, Hartford, CT 06103-2608
Preparer
Mary-evelyn Antonetti
Phone
8605223200
Supplemental Narrative

Additional Explanations

FORM 990, HEADER, LINE B:

Reason for amended return st. Mary's hospital, inc. Is amending its 2015 form 990 to correct an input error on schedule h, part i, line 7 of its original return. Form 990, part iii, line 4a inpatient services - saint mary's remains committed to providing the highest quality care for our patients. The hospital provided inpatient treatment for 11,715 inpatients in 2016, with an average length of stay of 4.0 days. Saint mary's three largest programs are surgery, cardiology and medicine. In 2016, 1,168 patients chose to have general surgery at saint mary's, staying at the hospital for a total of 6,192 days and generated $23 million in revenue; 1,367 patients chose saint mary's for cardiac care, staying in the hospital for a total of 5,626 days and generating $22 million in revenue; and 4,044 patients received inpatient medical care, staying in the hospital for a total of 16,440 days, and generating $40 million in revenue. As the hospital continues to distinguish itself as a leading provider of healthcare services in the region, it has garnered recognition from state and national organizations for providing outstanding patient care. Saint mary's hospital is ranked as the top-performing hospital in connecticut for delivering percutaneous coronary intervention (pci), a life-saving procedure that opens the blocked arteries of heart attack patients. The national standard states that patients should receive this procedure within 90 minutes of arrival at the hospital. According to the federal centers for medicare and medicaid (cms), 100 percent of patients who require angioplasty receive it at saint mary's within 90 minutes of arrival. This ranks saint mary's as the number one performing hospital in connecticut, and significantly ahead of the national average, which is 79 percent of patients being treated within 90 minutes. In addition, since 2007, saint marys hospital has consistently been recognized by the american heart association, the american college of cardiology and other organizations for outstanding care of heart attack and heart failure patients. These achievements are the result of our commitment to continuous quality improvement through our involvement in the national get with the guidelines (gwtg) program and american college of cardiology's national cardiovascular data registry (ncdr) action registry, and our role as one of the nation's first acc patient navigator hospitals. This recognition indicates that saint marys is dedicated to providing the best cardiac care in the country for our patients. In addition, saint mary's consistently followed the treatment guidelines in action registry-gwtgtm for eight consecutive quarters in action registry-gwtg and met a performance standard of 90% for specific performance measures to receive the 2016 award. Action registrygwtg is a partnership between the american college of cardiology foundation and the american heart association with partnering support from the american college of emergency physicians and the society of cardiovascular patient care. In fiscal year 2016, saint marys hospital has earned the joint commissions gold seal of approval and the american heart association/american stroke associations heart-check mark for advanced certification for primary stroke centers. The gold seal of approval and the heart-check mark represent symbols of quality from their respective organizations. In addition, saint marys added a telemedicine component to how we deliver stroke care. Telemedicine is a cloud-based method of connecting doctors with patients remotely, similar to skype or video conferencing. At saint marys hospital, we use intouch health robots to connect neurologists from the greater waterbury area to our patients with a potential stroke. When patients present to the emergency department with sudden onset of stroke symptoms, we move quickly. The intouch health robot enables the patient to be seen and evaluated by the local neurologist in a timely manner. In the 2016 fiscal ye

Form 990, Part III, Line 4B

Saint mary's network extends from waterbury to wolcott, naugatuck, cheshire, southbury and prospect. In 2016, 253,992 patients chose saint mary's for outpatient care. The hospitals two largest programs are its emergency department, which provided treatment to 64,952 patients in 2016, generating $29 million in revenue, and ambulatory surgery. In 2016, 15,598 patients chose to have outpatient surgery at saint mary's, generating $52 million in revenue. Outpatient services include but are not limited to: medical imaging, blood draw and lab services, cardiac and pulmonary rehabilitation classes, nutritional counseling and expectant parent classes. Saint mary's satellite facilities include health and wellness centers providing certified urgent care centers, blood draw stations and x-ray services in naugatuck, waterbury, cheshire and wolcott; outpatient rehabilitation therapy offices in waterbury, wolcott and naugatuck; outpatient sleep disorders centers in waterbury and wolcott; the breast & oncology centers in southbury and prospect, and occupational therapy in waterbury. Saint mary's has been recognized at the state and national levels as a distinguished provider of outpatient services. One addition to the outpatient services included the lions low vision center which is one of only five centers in connecticut and the only center of its kind in greater waterbury. Specialists collaborate with patients' eye care professionals and help patients make the most of their available vision with exercises, compensatory strategies, and training with low vision aides. Saint mary's is among the largest and busiest emergency departments in the state of connecticut. In fact, with approximately 70,000 emergency visits per year, we rank as the 9th busiest in the state. The saint mary's emergency departments is a certified level 2 trauma center, and all physicians are board certified in emergency medicine. The emergency department plays a critical role in helping saint mary's achieve its extraordinary performance with door-to-balloon time, a measure of the time it takes a heart attack victim to have his or her blocked arteries opened. Saint mary's median door-to-balloon time is 60 minutes. Saint mary's door-to-balloon time is 30 minutes faster than national guidelines set by the american college of cardiology for opening blocked arteries. The department also provides ambulatory care services, which are designed to accommodate non-emergent, lower acuity needs. This unit contains a pediatric center, which is staffed by pediatricians each afternoon. Finally, the emergency department contains a dedicated behavioral health area, supported by a psychiatrist, social worker and specialized nurses. This unit provides a much needed resource for serving our patient population, and has seen continued growth and increase in demand. Saint mary's cancer program was awarded a three-year accreditation from the american college of surgeons' commission on cancer with commendation. Only 40 percent of all u.s. Hospitals surveyed by the commission achieve this level of recognition. Acs accreditation ensures that patients who choose saint mary's for cancer care have access to a complete range of state-of-the-art services and equipment, a team that coordinates the best available treatment options, and access to clinical trials and new treatment options, as well as early detection programs, education and support services. Saint mary's wound healing center is staffed by a specialized team of physicians, surgeons, nurses and technicians, who collaborate to produce the best possible outcomes. On average, 92 percent of patients who come to the center with chronic wounds that have resisted traditional treatment achieve successful results within 14 weeks. Specialized wound care also helps patients with diabetic ulcers, pressure ulcers, infections and compromised skin grafts. In addition the center offers hyperbaric oxygen therapy, which is particularly effective for patients who

Form 990, Part III, Line 1

The mission of saint marys hospital and of trinity health is to serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Saint mary's hospital plays an indispensable role in the healthcare delivery system for the greater waterbury community and the towns of the central naugatuck valley. Founded in 1907 by the sisters of saint joseph of chambery, saint mary's has been the catholic beacon of healing and hope in the community for 100 years. Built in the heart of the city and within close distance of its once-thriving brass mills so that it could respond readily to injured workers, the hospital has evolved into a diverse health system that today provides a variety of healthcare, educational, financial and other benefits to the people it serves. In 2016, saint marys affiliated with trinity health of new england and its parent, trinity health, one of the largest health care systems in the nation. Trinity health was born nearly 170 years ago and now comprises some 93 hospitals and 120 continuing care facilities, as well as home care agencies and outpatient centers in 22 states. Trinity healths mission and values, and longtime dedication to service, match our own. Our tradition of outreach to the community has shaped our community benefit ministry, but our approach is also due to our increasing awareness that a health care systems success is inextricably tied to conditions beyond the walls of the hospital. To reach peak effectiveness, to achieve the greatest good for the greatest number of people of every socio economic status, our efforts must reach broadly and deeply into the community itself, removing as many barriers to health and health care as we can. Saint marys is focused on access to health care and health services, and we will strive for the very best health outcomes possible. But we have redefined and broadened the term, so that many of the community benefit services we provide take place outside the hospitals walls and focus on outreach. Overall, saint mary's exists to serve the people of waterbury and its surrounding communities. Providing high quality healthcare to all who need it, regardless of ability to pay, has been central to its mission throughout its existence. Adapting to meet the changing needs of the community, the hospital is more focused than ever on preserving access to appropriate healthcare and providing exceptional quality and service to patients and their families. Saint mary's hospital: - provides primary and specialty care through its family health center - participates in medicaid, medicare, saga, husky a & b, charter oak and/or other government- sponsored healthcare programs - serves one of connecticut's most challenging urban populations, in a designated medically underserved area (mua) - sponsors medical, surgical, and dental residency programs to provide professional education for physicians in training and encourage the retention of providers who will choose to remain in its primary service area. The challenges faced by saint mary's hospital are significant, yet it remains fully dedicated to fulfilling its core mission. As has been the case throughout the hospital's history, its mission is brought to life by its talented and hard working employees, whose ingenuity and perseverance ensures that the individual and collective needs of the community are being met. The mission of saint marys hospital and of trinity health is to serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. The hospital's staff, medical staff, board of directors, foundation, auxiliary, and volunteers are also united by these values: -reverence - we honor the sacredness and dignity of every person. -commitment to those who are poor - we stand with and serve those who are poor, especially those most vulnerable. -justice - we foster right relationships to promote the common good, including sustainability

Form 990, Part XI, Line 9

Transfers to affiliates ($16,068,000) purchase accounting $11,354,000 minimum pensions liab change $ 6,700,000 net additions to assets held in trust $ 717,000 change in foundation interest $ 231,760 other $ 13,101 ----------------- total $ 2,947,861

Form 990, Part IV, Line 12B, Line 20B & Part XII, Line 2B

St. Mary's hospital inc. Merged with trinity health of new england effective august 1, 2016 and as a result there are no audited financial statements covering the entire tax year. However, st. Mary's hospital has attached to form 990 separate auditor reviewed financial statements covering the period leading up to the merger from 10/1/2015 through 7/31/2016 and consolidated audited financial statements for trinity health of new england that include the remaining two months of st. Mary's hospital corporation financial information.

Form 990 Part IX Line 11G

Description:contract and physician fees total fees:11042872

Form 990 Part IX Line 11G

Description:contractor fees total fees:11671584

Form 990 Part IX Line 11G

Description:other fees total fees:7844863

Financial Statement Notes

Schedule D, Part V, Line 4

Endowment funds the intended use of the endowment funds is to use the income generated to support the mission of the hospital. The hospital adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. The hospital follows a policy of spending an amount that approximates the investment income earned, in addition to specific purchases of capital equipment. Accordingly, the hospital expects its spending policy will allow its endowment funds to be maintained in perpetuity by growing at a rate at least equal to the planned payouts. Additional real endowment growth will be provided through new gifts and any excess investment return.

Schedule D, Part X, Line 2

FOOTNOTE 3(l) OF THE REVIEWED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR SAINT MARY'S HEALTH SYSTEM, INC. FOR THE PERIOD ENDED JULY 31, 2016. THE SYSTEM, HOSPITAL AND FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES. THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE BASIS THAT ITS TAX-EXEMPT STATUS WILL BE MAINTAINED. THE SYSTEM RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE SYSTEM DID NOT RECOGNIZE THE EFFECT OF ANY INCOME TAX POSITIONS FOR THE 10-MONTH PERIOD ENDED JULY 31, 2016. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF TRINITY HEALTH OF NEW ENGLAND THAT INCLUDE THE REMAINING TWO MONTHS OF ST. MARY'S HOSPITAL FOUNDATION FINANCIAL INFORMATION DID NOT CONTAIN A FIN48 (ASC 740) FOOTNOTE.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt241214
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2741993
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3434749
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
IRS990/Form990PartVIISectionAGrp/PersonNm0CHAD WABLE
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH CARLSON II
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT MAZAIKA
IRS990/Form990PartVIISectionAGrp/PersonNm3REV MONSIGNOR JAMES COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN R GRIFFIN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH MENGACCI ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT ROSCOE
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA MATTIE
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD PUGH
IRS990/Form990PartVIISectionAGrp/PersonNm9S MARK ALBINI MD
IRS990/Form990PartVIISectionAGrp/PersonNm10GARRETT CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm11CHRISTOPHER M DADLEZ
IRS990/Form990PartVIISectionAGrp/PersonNm12SISTER DOLORES LAHR
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm14JAMES C SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm15CHRISTINE SULLIVAN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES UBERTI MD
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL KARNASIEWICZ MD
IRS990/Form990PartVIISectionAGrp/PersonNm18ERIC ALBERT
IRS990/Form990PartVIISectionAGrp/PersonNm19ROBERT GUMBARDO MD
IRS990/Form990PartVIISectionAGrp/PersonNm20FELIX RODRIQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm21LAURA ST JOHN
IRS990/Form990PartVIISectionAGrp/PersonNm22THERESA M BACHHUBER
IRS990/Form990PartVIISectionAGrp/PersonNm23FATHER CHRISTOPHER M FORD
IRS990/Form990PartVIISectionAGrp/PersonNm24DAVID A ROER MD
IRS990/Form990PartVIISectionAGrp/PersonNm25KARA J SUMMA ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm26LINDA WIHBEY ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm27MICHAEL NOVAK
IRS990/Form990PartVIISectionAGrp/PersonNm28RALPH BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm29CHARLES FLINN
IRS990/Form990PartVIISectionAGrp/PersonNm30M CLARK KEARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm31JOSEPH CONNOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm32STEPHEN SCHNEIDER MD
IRS990/Form990PartVIISectionAGrp/PersonNm33DAN SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm34JAMES TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm35ELIZABETH BOZZUTO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0898573
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$222$69.2$153$356$340$16.0
2023Detailed filing. Detailed filing data is available for this year.$270$90.4$180$330$325$4.94
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$301$85.6$216$325$322$3.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$451$241$209$351$304$47.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$346$205$141$327$293$33.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$291$187$105$333$300$32.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$268$174$93.6$330$302$28.4
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$237$164$73.3$285$262$22.5
2016Detailed filing. Detailed filing data is available for this year.$211$130$80.7$287$256$31.3
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$184$139$45.2$273$251$21.8
2014Detailed filing. Detailed filing data is available for this year.$187$140$46.8$263$238$25.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$138$49.7$250$232$18.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$152$17.9$221
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$149$13.6$212
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$136$23.7$199