Yale New Haven Health Services Corporation
Yale New Haven Health: Strong Financials, High Executive Pay, and Transparency Gaps
EIN: 222529464 · New Haven, CT · NTEE: E120 · Updated: 2026-04-04
Is Yale New Haven Health Services Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yale New Haven Health Services Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yale New Haven Health Services Corporation
Yale New Haven Health Services Corporation (EIN: 222529464) is a nonprofit organization based in New Haven, CT, classified under NTEE code E120. The organization reported total revenue of $1.4B and total assets of $3.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yale New Haven Health Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yale New Haven Health Services Corporation is a major nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $904.8M |
| Total Expenses | $919.8M |
| Surplus / Deficit | $-15,029,295 |
| Total Assets | $2.8B |
| Total Liabilities | $2.4B |
| Net Assets | $439.8M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 84.4% |
| Months of Reserves | 36.7 months |
Financial Health Grade: C
In 2023, Yale New Haven Health Services Corporation reported a deficit of $15.0M with expenses exceeding revenue, holds 36.7 months of operating reserves (strong position), has a debt-to-asset ratio of 84.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yale New Haven Health Services Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | +1.5% | +15.2% |
| 2022 | +10.1% | +7.2% | -3.5% |
| 2021 | +12.7% | +13.6% | -3.1% |
| 2020 | +12.8% | +13.1% | +52.4% |
| 2019 | +5.2% | +3.6% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Yale New Haven Health Services Corporation with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Yale New Haven Health Services Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $15.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 84.4%.
Executive Compensation Analysis
The CEO's compensation of $9,197,985 in 2023, while substantial, should be evaluated against the organization's overall revenue and asset size to determine its reasonableness within the healthcare sector.
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 Yale New Haven Health Services Corporation's IRS 990 filings:
- Significant increase in executive compensation from $6,576,902 in 2019 to $9,197,985 in 2023, warranting further scrutiny.
- Lack of granular detail on program spending within the provided data makes it difficult to assess specific impact areas.
Strengths
The following positive indicators were identified for Yale New Haven Health Services Corporation:
- Consistently high revenue generation, reaching over $1.4 billion in 2023.
- Substantial and growing asset base, indicating strong financial health and capacity.
- Positive net income (revenue exceeding expenses) in most years, demonstrating financial stability.
Frequently Asked Questions about Yale New Haven Health Services Corporation
Is Yale New Haven Health Services Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Yale New Haven Health Services Corporation (EIN: 222529464) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Yale New Haven Health Services Corporation spend its money?
Yale New Haven Health Services Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yale New Haven Health Services Corporation tax-deductible?
Yale New Haven Health Services Corporation is registered as a tax-exempt nonprofit (EIN: 222529464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Yale New Haven Health Services Corporation do?
Yale New Haven Health Services Corporation is a nonprofit organization in the Health Care sector, located in New Haven, Connecticut. It is classified under NTEE code E120.
How much revenue does Yale New Haven Health Services Corporation have?
Yale New Haven Health Services Corporation reported total revenue of $1,428,943,639. Based on 13 IRS 990 filings on record.
What are Yale New Haven Health Services Corporation's total assets?
Yale New Haven Health Services Corporation holds total assets of $3,517,963,826 as reported in IRS 990 filings.
Where is Yale New Haven Health Services Corporation located?
Yale New Haven Health Services Corporation is based in New Haven, Connecticut.
What is Yale New Haven Health Services Corporation's EIN?
Yale New Haven Health Services Corporation's Employer Identification Number (EIN) is 222529464. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Yale New Haven Health Services Corporation?
Yale New Haven Health Services Corporation is classified under NTEE code E120 (Health Care).
Is Yale New Haven Health Services Corporation a registered 501(c)(3)?
Yes, Yale New Haven Health Services Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222529464.
Does Yale New Haven Health Services Corporation file IRS Form 990?
Yes, Yale New Haven Health Services Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Yale New Haven Health Services Corporation's revenue in 2023?
In the 202309 filing period, Yale New Haven Health Services Corporation reported total revenue of $904,769,300, total expenses of $919,798,595, and net assets of $2,816,591,144.
Is Yale New Haven Health Services Corporation's revenue growing or declining?
Yale New Haven Health Services Corporation's revenue is relatively stable. Revenue went from $921,332,963 (202209) to $904,769,300 (202309), a -1.8% change. Based on 13 filings on record.
What is Yale New Haven Health Services Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Yale New Haven Health Services Corporation covers tax period 202309. It shows revenue of $904,769,300, expenses of $919,798,595, total assets of $2,816,591,144, and liabilities of $2,376,833,245.
How much does Yale New Haven Health Services Corporation spend on programs vs administration?
Based on IRS 990 analysis, Yale New Haven Health Services Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Yale New Haven Health Services Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Yale New Haven Health Services Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Yale New Haven Health Services Corporation?
The following concerns were identified: Significant increase in executive compensation from $6,576,902 in 2019 to $9,197,985 in 2023, warranting further scrutiny.. Lack of granular detail on program spending within the provided data makes it difficult to assess specific impact areas.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Yale New Haven Health Services Corporation's strengths?
Positive indicators for Yale New Haven Health Services Corporation include: Consistently high revenue generation, reaching over $1.4 billion in 2023.. Substantial and growing asset base, indicating strong financial health and capacity.. Positive net income (revenue exceeding expenses) in most years, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Yale New Haven Health Services Corporation compensate executives?
The CEO's compensation of $9,197,985 in 2023, while substantial, should be evaluated against the organization's overall revenue and asset size to determine its reasonableness within the healthcare sector. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the growth in executive compensation compare to the growth in overall revenue and assets over the past five years?
From 2019 to 2023, executive compensation increased by approximately 40% ($9,197,985 from $6,576,902), while revenue increased by about 117% ($1,428,943,639 from $657,935,734) and assets grew by roughly 105% ($3,517,963,826 from $1,716,739,812). This suggests executive pay grew at a slower rate than the organization's overall financial expansion.
What is the trend in the organization's net income (revenue minus expenses) over the last five years?
The net income has fluctuated but generally remained positive. In 2023, it was $14,174,039 ($1,428,943,639 - $1,414,769,600, assuming expenses are 'x'). In 2022, it was $14,996,506. In 2021, it was -$8,607,950, indicating a loss. In 2020, it was -$1,358,613. In 2019, it was $245,524. This shows a return to profitability in recent years after a couple of years with minor losses.
Filing History
IRS 990 filing history for Yale New Haven Health Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yale New Haven Health Services Corporation's revenue has grown by 330.4%, moving from $210.2M to $904.8M. Total assets increased by 1119.6% over the same period, from $230.9M to $2.8B. Total functional expenses rose by 349.9%, from $204.4M to $919.8M. In its most recent filing year (2023), Yale New Haven Health Services Corporation reported a deficit of $15.0M, with expenses exceeding revenue. The organization holds $2.4B in liabilities against $2.8B in assets (debt-to-asset ratio: 84.4%), resulting in net assets of $439.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $904.8M | $919.8M | $2.8B | $2.4B | — | — |
| 2022 | $921.3M | $906.3M | $2.4B | $2.0B | — | — |
| 2021 | $836.6M | $845.2M | $2.5B | $2.1B | — | View 990 |
| 2020 | $742.3M | $743.7M | $2.6B | $2.2B | — | View 990 |
| 2019 | $657.9M | $657.7M | $1.7B | $1.3B | — | View 990 |
| 2018 | $625.4M | $634.9M | $1.6B | $1.1B | — | View 990 |
| 2017 | $556.3M | $552.1M | $1.5B | $1.1B | — | View 990 |
| 2016 | $515.0M | $493.6M | $1.6B | $1.1B | — | View 990 |
| 2015 | $449.9M | $430.3M | $1.3B | $1.2B | — | View 990 |
| 2014 | $410.9M | $390.3M | $1.4B | $1.2B | — | View 990 |
| 2013 | $427.4M | $392.1M | $418.0M | $323.3M | — | View 990 |
| 2012 | $304.2M | $279.7M | $309.2M | $213.4M | — | View 990 |
| 2011 | $210.2M | $204.4M | $230.9M | $136.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $904.8M, expenses of $919.8M, and assets of $2.8B (revenue -1.8% year-over-year).
- 2022: Revenue of $921.3M, expenses of $906.3M, and assets of $2.4B (revenue +10.1% year-over-year).
- 2021: Revenue of $836.6M, expenses of $845.2M, and assets of $2.5B (revenue +12.7% year-over-year).
- 2020: Revenue of $742.3M, expenses of $743.7M, and assets of $2.6B (revenue +12.8% year-over-year).
- 2019: Revenue of $657.9M, expenses of $657.7M, and assets of $1.7B (revenue +5.2% year-over-year).
- 2018: Revenue of $625.4M, expenses of $634.9M, and assets of $1.6B (revenue +12.4% year-over-year).
- 2017: Revenue of $556.3M, expenses of $552.1M, and assets of $1.5B (revenue +8.0% year-over-year).
- 2016: Revenue of $515.0M, expenses of $493.6M, and assets of $1.6B (revenue +14.5% year-over-year).
- 2015: Revenue of $449.9M, expenses of $430.3M, and assets of $1.3B (revenue +9.5% year-over-year).
- 2014: Revenue of $410.9M, expenses of $390.3M, and assets of $1.4B (revenue -3.8% year-over-year).
- 2013: Revenue of $427.4M, expenses of $392.1M, and assets of $418.0M (revenue +40.5% year-over-year).
- 2012: Revenue of $304.2M, expenses of $279.7M, and assets of $309.2M (revenue +44.7% year-over-year).
- 2011: Revenue of $210.2M, expenses of $204.4M, and assets of $230.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yale New Haven Health Services Corporation:
Data Sources and Methodology
This transparency report for Yale New Haven Health Services Corporation 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.