Civic Intelligence

Connecticut Proton Therapy Center LLC

EIN 87-1371777 • 501(c)3 • Wallingford, CT

Profile

To develop and operate a proton therapy center to provide this radiation modality to clinically appropriate patients in the state of connecticut and beyond.

932 Northrop RoadWallingford, CT 06492

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$40,389,097

No earlier filing loaded for comparison.

Liabilities

$39,789,027

No earlier filing loaded for comparison.

Net Assets

$600,070

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$1,847,508

No earlier filing loaded for comparison.

Net Income

-$1,847,508

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2024: $40,389,097Liabilities 2024: $39,789,027Net Assets 2024: $600,0702024

Highlighted filing

2024

Assets$40,389,097
Liabilities$39,789,027
Net Assets$600,070

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2024: $0Expenses 2024: $1,847,508Net Income 2024: -$1,847,5082024

Highlighted filing

2024

Revenue$0
Expenses$1,847,508
Net Income-$1,847,508

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.4$39.8$0.60$0.00$1.85$1.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 4, 2024 to Sep 30, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

To develop and operate a proton therapy center to provide this radiation modality to clinically appropriate patients in the state of connecticut and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,844,965$34,083,303▲ $2,238,338
Savings and Temporary Cash Investments$40,047,382$6,305,794▼ $33,741,588
Cap Stk Tr Prin Current Funds$2,500,740$2,500,740→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-1,900,670▼ $1,900,670
Total Assets$71,892,347$40,389,097▼ $31,503,250
Liabilities
Unsecured Notes Loans Payable$69,075,161$37,685,738▼ $31,389,423
Accounts Payable and Accrued Expenses$316,446$1,518,313▲ $1,201,867
Other Liabilities$0$584,976▲ $584,976
Total Liabilities$69,391,607$39,789,027▼ $29,602,580
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,500,740$600,070▼ $1,900,670
Total Liabilities and Net Assets / Fund Balance$71,892,347$40,389,097▼ $31,503,250

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,081,510-$23,081,510
Buildings$9,201,793-$9,201,793
Land$1,800,000-$1,800,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristi GaffordChair/member
Lori PickensPresident/member
Gail KosylaMember
Elizabeth HerbertSecretary
Gerald BoisvertTreasurer/member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,847,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$105,367
Total Revenue per Audited Statements
$105,367
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,847,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,002,341--$1,002,341
Interest$844,783--$844,783
Other Expenses$384--$384
Total Functional Expenses$1,847,508$0$0$1,847,508

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,847,508
Expenses per Audited Statements$1,252,135
Total Expenses per Audited Statements$1,252,135
Expenses Not Reported on Financial Statements$595,373
Other Expense Adjustments$595,373
Expenses Not Reported on Form 990$0
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$584,976
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two of the organization's voting members who served during the fiscal year are employed by yale new haven health services corporation and two of the organization's voting members are employed by hartford healthcare corporation.

Form 990, Part VI, Section A, Line 3

The organization delegated control over management duties to partners in healthcare technology, llc

Form 990, Part VI, Section A, Line 6

The two members are yale new haven health services corporation and hartford healthcare corporation.

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

Yale new haven health services corporation and hartford healthcare corporation shall have the right to elect the filing organization's management committee members in accordance with the operating agreement.

Form 990, Part VI, Section A, Line 7B

The management committee members shall consult regularly with appropriate officials of yale new haven health services corporation and hartford healthcare corporation to insure that all of the activities of this corporation are consistent with the charter, bylaws, rules, regulations and policies of yale new haven health services corporation and hartford healthcare corporation.

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

The form 990 tax return and attached schedules were prepared by employees of yale new haven health services corporation's tax department. The return is initially reviewed by the executive director of corporate finance. Subsequently it is sent to kpmg llp for their initial review. After all comments from the above groups are cleared, the return is then reviewed by hartford healthcare corporation's tax department. Upon their review, a final version of the return is sent back to kpmg llp for final review. Prior to filing the organization made available a complete copy of the return to the management committee.

Form 990, Part VI, Section B, Line 12

Connecticut proton therapy center, llc's, ein 87-1371777, (the "entity"), while the entity did not adopt a written conflict of interest policy, whistleblower policy or document retention and desctructon policy in the tax period ending 9/30/2024, the entity has since adopted these policies on 9/19/25 within the tax period ending 9/30/2025.

Form 990, Part VI, Section C, Line 19

Copies of all documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Connecticut Proton Therapy Center LLC
EIN
87-1371777
Phone
2036889585
Address
932 NORTHROP ROAD, WALLINGFORD, CT 06492

Signing Officer

Name
Lori Pickens
Title
President
Phone
2036889585
Signed
2025-11-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Lori Pickens
Formed
2019
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Kpmg Llp
Address
345 PARK AVENUE, NEW YORK, NY 10154
Preparer
Evan W Seekamp
Phone
2127589700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 1,002,341. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,002,341.

Form 990, Part X

Connecticut proton therapy center, llc's, ein 87-1371777, (the "entity"). The entity converted from a partnership to a tax-exempt entity effective 9/4/2024. The balances shown on the beginning balance sheet for this filing remained within the entity as it transitioned from a partnership to a tax-exempt entity.

FORM 990, PART XI, LINE 9:

Prior period adjustment -53,162.

Form 990, Part XI, Line 9

Connecticut proton therapy center, llc's, ein 87-1371777, (the "entity"), irs form 990 the decrease in net asset relates to a prior period adjustment decreasing fixed assets and cost of issuance when the entity was classified as a partnership.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Partnership conversion 105,367.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Partnership conversion 595,373.

Form 990 XI Line 2D and XII Line 4B

Connecticut proton therapy center, llc's, ein 87-1371777, (the "entity"). The entity converted from a partnership to a tax-exempt entity effective 9/4/2024. The adjustments are a result of the entity's conversion from a partnership to a tax-exempt entity.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PARTNERSHIP CONVERSION 105,367.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PARTNERSHIP CONVERSION 595,373.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONNECTICUT PROTON THERAPY CENTER, LLC'S, EIN 87-1371777, (THE "ENTITY"). THE ENTITY CONVERTED FROM A PARTNERSHIP TO A TAX-EXEMPT ENTITY EFFECTIVE 9/4/2024. THE ADJUSTMENTS ARE A RESULT OF THE ENTITY'S CONVERSION FROM A PARTNERSHIP TO A TAX-EXEMPT ENTITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE ORGANIZATION'S VOTING MEMBERS WHO SERVED DURING THE FISCAL YEAR ARE EMPLOYED BY YALE NEW HAVEN HEALTH SERVICES CORPORATION AND TWO OF THE ORGANIZATION'S VOTING MEMBERS ARE EMPLOYED BY HARTFORD HEALTHCARE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO PARTNERS IN HEALTHCARE TECHNOLOGY, LLC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TWO MEMBERS ARE YALE NEW HAVEN HEALTH SERVICES CORPORATION AND HARTFORD HEALTHCARE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YALE NEW HAVEN HEALTH SERVICES CORPORATION AND HARTFORD HEALTHCARE CORPORATION SHALL HAVE THE RIGHT TO ELECT THE FILING ORGANIZATION'S MANAGEMENT COMMITTEE MEMBERS IN ACCORDANCE WITH THE OPERATING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMMITTEE MEMBERS SHALL CONSULT REGULARLY WITH APPROPRIATE OFFICIALS OF YALE NEW HAVEN HEALTH SERVICES CORPORATION AND HARTFORD HEALTHCARE CORPORATION TO INSURE THAT ALL OF THE ACTIVITIES OF THIS CORPORATION ARE CONSISTENT WITH THE CHARTER, BYLAWS, RULES, REGULATIONS AND POLICIES OF YALE NEW HAVEN HEALTH SERVICES CORPORATION AND HARTFORD HEALTHCARE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 TAX RETURN AND ATTACHED SCHEDULES WERE PREPARED BY EMPLOYEES OF YALE NEW HAVEN HEALTH SERVICES CORPORATION'S TAX DEPARTMENT. THE RETURN IS INITIALLY REVIEWED BY THE EXECUTIVE DIRECTOR OF CORPORATE FINANCE. SUBSEQUENTLY IT IS SENT TO KPMG LLP FOR THEIR INITIAL REVIEW. AFTER ALL COMMENTS FROM THE ABOVE GROUPS ARE CLEARED, THE RETURN IS THEN REVIEWED BY HARTFORD HEALTHCARE CORPORATION'S TAX DEPARTMENT. UPON THEIR REVIEW, A FINAL VERSION OF THE RETURN IS SENT BACK TO KPMG LLP FOR FINAL REVIEW. PRIOR TO FILING THE ORGANIZATION MADE AVAILABLE A COMPLETE COPY OF THE RETURN TO THE MANAGEMENT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONNECTICUT PROTON THERAPY CENTER, LLC'S, EIN 87-1371777, (THE "ENTITY"), WHILE THE ENTITY DID NOT ADOPT A WRITTEN CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY OR DOCUMENT RETENTION AND DESCTRUCTON POLICY IN THE TAX PERIOD ENDING 9/30/2024, THE ENTITY HAS SINCE ADOPTED THESE POLICIES ON 9/19/25 WITHIN THE TAX PERIOD ENDING 9/30/2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COPIES OF ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,002,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,002,341.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CONNECTICUT PROTON THERAPY CENTER, LLC'S, EIN 87-1371777, (THE "ENTITY"). THE ENTITY CONVERTED FROM A PARTNERSHIP TO A TAX-EXEMPT ENTITY EFFECTIVE 9/4/2024. THE BALANCES SHOWN ON THE BEGINNING BALANCE SHEET FOR THIS FILING REMAINED WITHIN THE ENTITY AS IT TRANSITIONED FROM A PARTNERSHIP TO A TAX-EXEMPT ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PRIOR PERIOD ADJUSTMENT -53,162.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11CONNECTICUT PROTON THERAPY CENTER, LLC'S, EIN 87-1371777, (THE "ENTITY"), IRS FORM 990 THE DECREASE IN NET ASSET RELATES TO A PRIOR PERIOD ADJUSTMENT DECREASING FIXED ASSETS AND COST OF ISSUANCE WHEN THE ENTITY WAS CLASSIFIED AS A PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt071892347
IRS990/TotalAssetsEOYAmt040389097
IRS990/TotalAssetsGrp/BOYAmt071892347
IRS990/TotalAssetsGrp/EOYAmt040389097
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01847508
IRS990/TotalFunctionalExpensesGrp/TotalAmt01847508
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069391607
IRS990/TotalLiabilitiesEOYAmt039789027
IRS990/TotalLiabilitiesGrp/BOYAmt069391607
IRS990/TotalLiabilitiesGrp/EOYAmt039789027
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02500740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0600070
IRS990/TotalProgramServiceExpensesAmt01847508
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071892347
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040389097
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt069075161
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt037685738
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0789 HOWARD AVENUE
IRS990/USAddress/CityNm0NEW HAVEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006519
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0LORI PICKENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02036889585
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONNECTICUT PROTON THERAPY CENTER LLC
ReturnHeader/Filer/BusinessNameControlTxt0CONN
ReturnHeader/Filer/EIN0871371777
ReturnHeader/Filer/PhoneNum02036889585
ReturnHeader/Filer/USAddress/AddressLine1Txt0932 NORTHROP ROAD
ReturnHeader/Filer/USAddress/CityNm0WALLINGFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006492
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0135565207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 PARK AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010154
ReturnHeader/PreparerPersonGrp/PhoneNum02127589700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVAN W SEEKAMP
ReturnHeader/ReturnTs02025-11-12T10:09:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-09-04
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02024

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