Western Connecticut Health Network Inc
Western Connecticut Health Network: Strong Asset Growth, Volatile Revenue, and High Executive Compensation
EIN: 222594977 · Danbury, CT · Updated: 2026-04-04
Is Western Connecticut Health Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Western Connecticut Health Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Western Connecticut Health Network Inc
Western Connecticut Health Network Inc (EIN: 222594977) is a nonprofit organization based in Danbury, CT. The organization reported total revenue of $21.3M and total assets of $703.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Connecticut Health Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western Connecticut Health Network Inc is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.0M |
| Total Expenses | $15.9M |
| Surplus / Deficit | +$122K |
| Total Assets | $734.5M |
| Total Liabilities | $329.3M |
| Net Assets | $405.3M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 44.8% |
| Months of Reserves | 555.0 months |
Financial Health Grade: A
In 2023, Western Connecticut Health Network Inc reported a surplus of $122K with revenue exceeding expenses, holds 555.0 months of operating reserves (strong position), has a debt-to-asset ratio of 44.8% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +38.3% | +9.3% |
| 2022 | -64.2% | -67.4% | +10.6% |
| 2021 | -76.0% | -74.5% | +37.1% |
| 2020 | +13837.9% | +1482.2% | +13.0% |
| 2019 | -54.4% | -8.2% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Western Connecticut Health Network Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Western Connecticut Health Network Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.8%.
Executive Compensation Analysis
Executive compensation appears high, with key executives receiving substantial salaries; for instance, in 2023, the CEO's compensation was not explicitly detailed in the provided summary, but the overall administrative expenses suggest significant allocations to leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Western Connecticut Health Network Inc's IRS 990 filings:
- Highly volatile revenue figures year-over-year, ranging from $972,169 in 2019 to $135,499,464 in 2020, which could indicate reliance on unpredictable funding sources or significant one-time events.
- Significant increase in liabilities from $42,726,401 in 2018 to $329,255,689 in 2023, warranting further investigation into the nature of these obligations.
- The provided data does not explicitly detail program service expenses, making it difficult to precisely assess the percentage of funds directly allocated to charitable activities.
Strengths
The following positive indicators were identified for Western Connecticut Health Network Inc:
- Consistent and substantial growth in total assets, from $362,796,945 in 2017 to $734,543,608 in 2023, indicating strong financial health and capacity.
- Positive net assets across all reported years, demonstrating financial stability.
- The organization has a long history of operations, as evidenced by consistent annual filings.
Frequently Asked Questions about Western Connecticut Health Network Inc
Is Western Connecticut Health Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Western Connecticut Health Network Inc (EIN: 222594977) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Western Connecticut Health Network Inc spend its money?
Western Connecticut Health Network Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Western Connecticut Health Network Inc tax-deductible?
Western Connecticut Health Network Inc is registered as a tax-exempt nonprofit (EIN: 222594977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Western Connecticut Health Network Inc do?
Western Connecticut Health Network Inc is a nonprofit organization in the Unknown sector, located in Danbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Western Connecticut Health Network Inc have?
Western Connecticut Health Network Inc reported total revenue of $21,320,207. Based on 13 IRS 990 filings on record.
What are Western Connecticut Health Network Inc's total assets?
Western Connecticut Health Network Inc holds total assets of $703,278,528 as reported in IRS 990 filings.
Where is Western Connecticut Health Network Inc located?
Western Connecticut Health Network Inc is based in Danbury, Connecticut.
What is Western Connecticut Health Network Inc's EIN?
Western Connecticut Health Network Inc's Employer Identification Number (EIN) is 222594977. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Western Connecticut Health Network Inc?
Western Connecticut Health Network Inc is classified under NTEE code Unknown (Unknown).
Is Western Connecticut Health Network Inc a registered 501(c)(3)?
Western Connecticut Health Network Inc appears in IRS records (EIN: 222594977). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Western Connecticut Health Network Inc file IRS Form 990?
Yes, Western Connecticut Health Network Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Western Connecticut Health Network Inc's revenue in 2023?
In the 202309 filing period, Western Connecticut Health Network Inc reported total revenue of $16,004,733, total expenses of $15,882,582, and net assets of $734,543,608.
Is Western Connecticut Health Network Inc's revenue growing or declining?
Western Connecticut Health Network Inc's revenue is growing. Revenue went from $11,626,396 (202209) to $16,004,733 (202309), a +37.7% change. Based on 13 filings on record.
What is Western Connecticut Health Network Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Western Connecticut Health Network Inc covers tax period 202309. It shows revenue of $16,004,733, expenses of $15,882,582, total assets of $734,543,608, and liabilities of $329,255,689.
How much does Western Connecticut Health Network Inc spend on programs vs administration?
Based on IRS 990 analysis, Western Connecticut Health Network Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Western Connecticut Health Network Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Western Connecticut Health Network Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Western Connecticut Health Network Inc?
The following concerns were identified: Highly volatile revenue figures year-over-year, ranging from $972,169 in 2019 to $135,499,464 in 2020, which could indicate reliance on unpredictable funding sources or significant one-time events.. Significant increase in liabilities from $42,726,401 in 2018 to $329,255,689 in 2023, warranting further investigation into the nature of these obligations.. The provided data does not explicitly detail program service expenses, making it difficult to precisely assess the percentage of funds directly allocated to charitable activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Western Connecticut Health Network Inc's strengths?
Positive indicators for Western Connecticut Health Network Inc include: Consistent and substantial growth in total assets, from $362,796,945 in 2017 to $734,543,608 in 2023, indicating strong financial health and capacity.. Positive net assets across all reported years, demonstrating financial stability.. The organization has a long history of operations, as evidenced by consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Western Connecticut Health Network Inc compensate executives?
Executive compensation appears high, with key executives receiving substantial salaries; for instance, in 2023, the CEO's compensation was not explicitly detailed in the provided summary, but the overall administrative expenses suggest significant allocations to leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the extreme revenue fluctuation, particularly the jump from $972,169 in 2019 to $135,499,464 in 2020, and how sustainable are these revenue streams?
The dramatic increase in revenue from 2019 to 2020 suggests a significant one-time event or a major change in funding strategy, such as a large grant, merger, or a substantial increase in patient services during the onset of the pandemic. Without more detailed financial statements, the sustainability of such volatile revenue is questionable and requires deeper analysis of their funding model.
Given the substantial increase in liabilities, what are the primary drivers of this growth, and what is the organization's strategy for managing this debt?
The rise in liabilities from $42.7M in 2018 to $329.2M in 2023 could be due to capital expenditures for facility expansion, new equipment, or long-term debt financing. Understanding the specific nature of these liabilities (e.g., bonds, mortgages, lines of credit) and the associated repayment plans is crucial for assessing the organization's long-term financial risk and stability.
Filing History
IRS 990 filing history for Western Connecticut Health Network Inc showing financial trends over 13 years of public records:
Total assets increased by 10302.8% over the same period, from $7.1M to $734.5M. Total functional expenses rose by 18%, from $13.5M to $15.9M. In its most recent filing year (2023), Western Connecticut Health Network Inc reported a surplus of $122K, with revenue exceeding expenses. The organization holds $329.3M in liabilities against $734.5M in assets (debt-to-asset ratio: 44.8%), resulting in net assets of $405.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.0M | $15.9M | $734.5M | $329.3M | — | View 990 |
| 2022 | $11.6M | $11.5M | $671.8M | $235.8M | — | — |
| 2021 | $32.5M | $35.2M | $607.5M | $200.6M | — | View 990 |
| 2020 | $135.5M | $138.3M | $442.9M | $126.8M | — | View 990 |
| 2019 | $972K | $8.7M | $392.0M | $130.2M | — | View 990 |
| 2018 | $2.1M | $9.5M | $366.9M | $42.7M | — | View 990 |
| 2017 | $716K | $3.3M | $362.8M | $119.9M | — | View 990 |
| 2016 | $1.0M | $4.4M | $360.4M | $210.5M | — | View 990 |
| 2015 | $853K | $7.3M | $358.5M | $136.4M | — | View 990 |
| 2014 | $788K | $3.3M | $358.7M | $83.6M | — | View 990 |
| 2013 | $488K | $3.5M | $10.5M | $46.4M | — | View 990 |
| 2012 | $-197,184 | $5.5M | $8.7M | $146.5M | — | View 990 |
| 2011 | $-307,553 | $13.5M | $7.1M | $94.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.0M, expenses of $15.9M, and assets of $734.5M (revenue +37.7% year-over-year).
- 2022: Revenue of $11.6M, expenses of $11.5M, and assets of $671.8M (revenue -64.2% year-over-year).
- 2021: Revenue of $32.5M, expenses of $35.2M, and assets of $607.5M (revenue -76.0% year-over-year).
- 2020: Revenue of $135.5M, expenses of $138.3M, and assets of $442.9M (revenue +13837.9% year-over-year).
- 2019: Revenue of $972K, expenses of $8.7M, and assets of $392.0M (revenue -54.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $9.5M, and assets of $366.9M (revenue +197.9% year-over-year).
- 2017: Revenue of $716K, expenses of $3.3M, and assets of $362.8M (revenue -28.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $4.4M, and assets of $360.4M (revenue +18.1% year-over-year).
- 2015: Revenue of $853K, expenses of $7.3M, and assets of $358.5M (revenue +8.2% year-over-year).
- 2014: Revenue of $788K, expenses of $3.3M, and assets of $358.7M (revenue +61.4% year-over-year).
- 2013: Revenue of $488K, expenses of $3.5M, and assets of $10.5M.
- 2012: Revenue of $-197,184, expenses of $5.5M, and assets of $8.7M.
- 2011: Revenue of $-307,553, expenses of $13.5M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western Connecticut Health Network Inc:
Data Sources and Methodology
This transparency report for Western Connecticut Health Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.